EVs, vacations, gadgets and upgrades: India's new wealth priorities in 2025
- IBEF
- October 17, 2025
Indian consumers are spending more confidently yet prudently, according to the Deloitte Consumer Signals India Report 2025. The Financial Well-Being Index for India climbed to 110.3, outpacing the global average of 103.6. At the same time, consumer confidence rose by eight points YoY, its highest since 2022. Spending intentions have surged across travel, vehicles, and lifestyle segments, supported by easing inflation pressures and stable fuel and food prices. About 62% of households plan higher discretionary spending in the next six months, led by travel (up 11%), personal electronics (up 9%), and automobiles (up 7%). Despite rising expenditure, more than 70% of urban consumers continue to save as much or more than before the pandemic, signalling a financially confident yet cautious middle class.
Leisure and lifestyle spending are regaining momentum, with travel and hospitality emerging as consistent household priorities. The Vehicle Purchase Intent Index rose 6.6 points YoY, reflecting growing demand for premium, tech-rich vehicles and electric models, with 60% of buyers planning to purchase Electric Vehicles (EVs). India’s Food Frugality Index also declined, showing consumers are moving from cost-cutting to smarter, value-based consumption. Experts noted that India’s balanced consumption pattern, combining aspiration, affordability, and sustainability, underscores a new era of purposeful spending. With stronger savings behaviour, optimistic sentiment, and supportive reforms, India continues to outperform global peers in consumer confidence and financial resilience.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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