Published 15:04 IST, March 6th 2024
Working age population, higher per capita incomes to drive shift in consumption pattern: CRISIL
According to CRISIL, microeconomic theory, as reflected in Engel's law, suggests that as incomes rise, the share of essential items like food in the consumption
![Indian market](https://img.republicworld.com/tr:w-800,h-450,q-75,f-auto/rimages/aman-upadhyay-najywkvpwnc-unsplash1_16:9-170885665125316_9.webp)
Retail market boom | Image:
Unsplash
- Listen to this article
- 2 min read
Advertisement
13:51 IST, March 6th 2024