Greater Discretionary Spending to be Unleashed in China and India

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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.