As per a recent study by Goldman Sachs, India’s per capita GDP for FY 2024 is around Rs 3 lakh and by 2027 around 10 crore population are expected to earn around Rs. 8 lakh. It also predicts that India is set to become the second largest economy by 2075. 

A rising disposable income means that Indians will spend more on discretionary goods and services. In this podcast, Ankit Jain chats with Utsav Mehta, Senior Fund Manager, PGIM India Mutual Fund, on the opportunities available in the consumer discretionary space for investors.