Deloitte-FICCI report forecasts India consumer economy

Deloitte and the Federation of Indian Chambers of Commerce & Industry (FICCI) released a joint report titled 'Consumer Trends IGNITEing Growth and Governance' on August 4, 2026. The report projects India's consumer economy will approach US$1.9 trillion by 2030, driven by rapid AI adoption, digital commerce, and evolving consumer preferences. It forecasts e-commerce to reach nearly US$260 billion and quick commerce to expand to US$50 billion by 2030. India ranks first among the world's top 15 countries in AI adoption. The report highlights a 'new Indian consumer' who prioritizes transparency, health, and sustainability, with 74% checking ingredient information and 67% factoring environmental considerations. It also emphasizes resilient supply chains, governance as a strategic priority, and India's ambition to achieve US$200 billion in e-commerce exports by 2030. S. M. Ramanathan, Partner and Consumer Industry Leader at Deloitte, commented that businesses leveraging AI and building resilient operations will be best positioned to capitalize on the expanding market.