Goldman sachs affluent indian pdf download
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https://drive.google.com/file/d/1b5HmetIcJMSThs...
Goldman Sachs report on India's affluent class.
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After reading this brief article from Business Standard https://www.business-standard.com/industry/news/after-clsa-goldman-sachs-eyes-on-affluent-india-play-124011200759_1.html
I did try looking up the source.
However, as of now the authors credited [email protected], [email protected], [email protected], [email protected] and [email protected] for the report are the immediate leads.
They (like many other investment banks, advisory firms and consultancies) do make many of their reports publicly available, from time to time.
Goldman Sachs too has a long history of bringing out various forecasts and trend analysis type reports.
Many related to India too.
https://www.goldmansachs.com/intelligence/pages/macroeconomic-insights-folder/rise-of-the-india-consumer/report.pdf for example, is from early 2016.
https://www.goldmansachs.com/intelligence/pages/rise-of-the-india-consumer.html
Others https://google.com/search?q=%22in%20its%202003%20study%20Goldman%20Sachs%20assumed%20an%20investment%20rate%20for%20India%22 from just after the turn of the century
too delve on (the (prospects of) the India story.
So yeah, hopefully this too might be published on their own site or otherwise be put in the public domain (assuming it isn't already).
good research.. surprised to see margin of Eicher is better than that of Tesla and other companies!
great research
What is this about? Can someone please help me get started?
Brief Highlights for General Purpose
Income segmentation:
The total number of people with an income over US$10,000 (8,28,723.50 Indian Rupee) in the working age population of India has grown at a CAGR (Compound annual growth rate) of 12.6% over FY19-23, as per Euromonitor. This compares with the overall working age population CAGR in India of 1.4% over FY19-23
Income tax filing data in India:
The total number of individuals filing income tax returns disclosing income of over Rs1mn (~US$12,000)(9,94,468.20 Indian Rupee) has grown at a CAGR of ~19% over AY17-22, compared to the overall growth of income tax filings which has grown at a CAGR of 8% in the same period
Bank term deposits:
The number of individual term deposits in banks above Rs1.5mn (~US$18,500) (15,33,138.48 Indian Rupee) has grown at a CAGR of 45% over FY19-23, while the number of term deposits below the Rs1.5mn has grown at a CAGR of 3% over the same period
Credit Card numbers:
The number of credit cards in India has grown at a CAGR of 16% over FY19-23, compared to the number of debit cards which grew at a CAGR of ~1% in the same period. There were ~85mn credit cards in India in FY23, compared to ~960mn debit cards
Add on
There are ~40mn flight passengers in India every year, the total monthly active users for online food delivery is ~25-30mn, 250cc+ motorcycles have been the fastest growing motorcycle category (by volume) in 7 of the past 10 years in India
The number of post-paid connections rose by nearly 30 percent over FY21-22
India's 'Affluent' class to reach 100 million in three years
*Compound annual growth rate, or CAGR, is the mean annual growth rate of an investment over a specified period of time longer than one year. It represents one of the most accurate ways to calculate and determine returns for individual assets, investment portfolios, and anything that can rise or fall in value over time.
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( I love your written reply on Gold_Man_Sacks )
@prosenjit_bose
Seriously,Thanks for a detailed reply with source links.
Pakistan sucked USA harder than a industrial vacuum cleaner... Look where they are Now economically.
Thousands of Afghan translators helped US forces against Taliban, and were promised special Visa, look where most of them are... abandoned in Taliban territory.
You should take a look at the past Geopolitical situatio between Korea and USA and then currently situation between USA and India.
What is this about? Can someone please help me get started?
Brief Highlights for General Purpose
Income segmentation:
The total number of people with an income over US$10,000 (8,28,723.50 Indian Rupee) in the working age population of India has grown at a CAGR (Compound annual growth rate) of 12.6% over FY19-23, as per Euromonitor. This compares with the overall working age population CAGR in India of 1.4% over FY19-23
Income tax filing data in India:
The total number of individuals filing income tax returns disclosing income of over Rs1mn (~US$12,000)(9,94,468.20 Indian Rupee) has grown at a CAGR of ~19% over AY17-22, compared to the overall growth of income tax filings which has grown at a CAGR of 8% in the same period
Bank term deposits:
The number of individual term deposits in banks above Rs1.5mn (~US$18,500) (15,33,138.48 Indian Rupee) has grown at a CAGR of 45% over FY19-23, while the number of term deposits below the Rs1.5mn has grown at a CAGR of 3% over the same period
Credit Card numbers:
The number of credit cards in India has grown at a CAGR of 16% over FY19-23, compared to the number of debit cards which grew at a CAGR of ~1% in the same period. There were ~85mn credit cards in India in FY23, compared to ~960mn debit cards
Add on
There are ~40mn flight passengers in India every year, the total monthly active users for online food delivery is ~25-30mn, 250cc+ motorcycles have been the fastest growing motorcycle category (by volume) in 7 of the past 10 years in India
The number of post-paid connections rose by nearly 30 percent over FY21-22
India's 'Affluent' class to reach 100 million in three years
*Compound annual growth rate, or CAGR, is the mean annual growth rate of an investment over a specified period of time longer than one year. It represents one of the most accurate ways to calculate and determine returns for individual assets, investment portfolios, and anything that can rise or fall in value over time.
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Most probably they are referring to Royal Enfield brand which has higher margin %. Adventures, bike road trips, etc. are a thing of rich class only.. and Eicher has some two wheelers in this category such as Himalayan. Im not a two wheeler enthusiat tho..