India Expected to be a $5 trn Consumption Economy by 2031 Affluent households (Upper-middle + high) to rise from 24 % in 2018 to 56 % (≈200 Mn) by 2030 Low-income share will collapse from 69 % → 6 % over 2005-2030E Per-capita spend increased from 855 → 6,996 (9.2 % CAGR) from 2000-24