Google, Microsoft, Adobe, IBM, Palo Alto Networks and Twitter etc are well prepared for getting benefits from third-largest consumer market after the US and China
India is the world’s fifth-largest economy. It is the world’s second-largest consumer of mobile phones and also the second-largest importer of arms. It has the biggest consumer base of internet-based Apps. The country is the world’s third-largest consumer of oil and also for solar power equipment. It has the world’s second-largest population with a massive increase in the number of consumers pushing the middle-class.
According to World Economic Forum (WEF) report ; in the next 10 years, India is poised to become the third-largest consumer market after the US and China. According to their report; by 2030 India’s consumption spending would grow from the present 1.5 trillion Dollar to a whopping 6 trillion Dollar.