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Global Consumption Shifts to Asia: Report
The Business Guardian|January 29, 2025
India, Asia to dominate 30% global consumption by 2050.
Global Consumption Shifts to Asia: Report

The global consumption pools are witnessing a significant shift from regions like North America and Western Europe to India and emerging Asia, according to a report by McKinsey Global Institute.

This transformation highlights the growing importance of these regions in the global economic landscape, driven by rising incomes, changing demographics, and evolving consumer preferences.

The report said, "Consumption pools are shifting from North America and Western Europe to emerging Asia and India. Developing countries will provide a growing share of global labor supply and of consumption, making their productivity and prosperity vital for global growth."

This story is from the January 29, 2025 edition of The Business Guardian.

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Global Consumption Shifts to Asia: Report
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This story is from the January 29, 2025 edition of The Business Guardian.

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