Indians redirect spend to travel, concerts, iPhones as Nilesh Shah flags experience-led consumption shift
Kotak MF's Nilesh Shah maps a structural shift in Indian wallets: ₹1.45 lakh crore on foreign travel, a ₹20,800 crore live events industry, and Apple India adding ₹1.2 lakh crore revenue in five years. Offsetting the boom: ₹2.87 lakh crore retail trading losses (FY22-25) and ₹53,000 crore digital fraud losses over six years.
Kotak MF's Nilesh Shah highlights shifts in Indian consumer spending: ₹1.45L cr on foreign travel, ₹20,800 cr live events industry, Apple India adding ₹1.2L cr revenue in 5 years, and rising experience-led spending over traditional goods.