Demographic dividend jobs Archives - Chgogs News https://chgogs.org/tag/demographic-dividend-jobs/ Trending News Updates Tue, 15 Oct 2024 18:40:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 GenZ spending likely to increase to $2 trillion by 2035, shows data https://chgogs.org/genz-spending-likely-to-increase-to-2-trillion-by-2035-shows-data/ https://chgogs.org/genz-spending-likely-to-increase-to-2-trillion-by-2035-shows-data/#respond Tue, 15 Oct 2024 18:40:52 +0000 https://chgogs.org/genz-spending-likely-to-increase-to-2-trillion-by-2035-shows-data/ 1 min read Last Updated : Oct 16 2024 | 12:10 AM IST The...

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1 min read Last Updated : Oct 16 2024 | 12:10 AM IST


The GenZ cohort, which has a population of over 377 million in India, will see their consumer spending shoot to $2 trillion by 2035, a significant increase from $860 billion at present on the back of a rising young workforce and direct spends. 


At present, around one in every four individuals in the workforce is GenZ, a term used for individuals who were born between 1997 and 2012.

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 The percentage share of GenZ in the workforce is estimated to rise to 47 per cent by 2035, data from a joint report by Boston Consulting Group (BCG) and Snapchat shows. 

 


In 2024, the total consumption spending for Indians was pegged at $2 trillion, out of which GenZ cornered 43 per cent or about $860 billion. 

By 2035, Indians would have a spending appetite worth $3.9 trillion out of which $2 trillion would be driven by GenZs.

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First Published: Oct 16 2024 | 12:10 AM IST



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