India Poised to Become World’s No. 1 Consumer Market: Morgan Stanley Report

August 14, 2025

In a major economic milestone, India is on track to become the world’s largest consumer market, according to Morgan Stanley’s latest report.

Driven by rising incomes, digital growth, urbanization, and a young workforce, India’s consumption capacity is set to outpace global rivals. The report highlights manufacturing expansion and the energy transition as key pillars of this growth story.

By 2030, India’s consumer spending could exceed $4.3 trillion, placing it ahead of most developed economies. Experts say this shift will redefine global trade and investment flows in the coming decade.

Meta Description: India is on the verge of becoming the world’s top consumer market, says Morgan Stanley. Find out what’s driving this economic boom.