Greater Discretionary Spending to be Unleashed in China and India

As two key emerging markets and home to the world’s largest populations, China and India feature prominently in the development strategy of many businesses. Although food and non-alcoholic beverages, housing and transport have been so far growing strongly, in the 2013-2020 period households in both countries will spend significantly more on communications, health goods and medical services and education as continued income growth will unleash greater capacity for discretionary spending.