New Delhi, April 30 (IANS) India’s used-car market is projected to reach around $70 billion by FY31, nearly doubling from about $35 billion in FY26, because of rising affordability, shorter replacement cycles, and increasing formalisation of transactions, according to a report on Thursday.The report by Redseer Strategy Consultants said India is currently the fifth-largest used-car market globally and is expected to become the third-largest by the end of the decade, behind the US and China.Moreov…
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New Delhi, April 23 (IANS) India’s ready-to-drink (RTD) non-alcoholic beverage market has entered a new growth phase, and is expected to double from roughly $20 billion in 2025 to $40 billion by 2030, a report said on Thursday.The report from Redseer Strategy Consultants said the growth will be driven by the rise of quick commerce, especially in the RTD category that saw over 100 per cent growth.It noted a structural shift in consumption patterns from planned stock-up buying to immediate, need…
New Delhi, March 5 (IANS) Nearly 7.5 crore working women in India represent an untapped market opportunity worth around Rs 2.8 lakh crore for the banking, financial services, and insurance (BFSI) sector, a report showed on Thursday.Women’s participation in India’s digital ecosystem has grown rapidly in recent years, but ownership of financial products remains disproportionately low despite higher access, according to a report by RedSeer Strategy Consultants.India’s financial inclusion inde…
New Delhi, Jan 10 (IANS) More than half of India’s body lotion sales will happen online by 2030, according to a report on Saturday.The report by Redseer Strategy Consultants showed that masstige brands (priced at Rs 1.5-6/ml) that combine mass reach with premium appeal will gain a larger share of the market and drive more than 30 per cent of the online opportunity.It showed that stronger online play (about 30 per cent penetration) vs the overall BPC market (about 20 per cent penetration) as of…