Nifty India Consumption Index: Why We Believe India's Consumption Story Could Continue to Outperform

"Consumption is not just about spending. It reflects the confidence, aspirations and purchasing power of a growing economy."

The Numbers Tell an Interesting Story

The Numbers Tell the Story

Between January 2021 and July 2026, the Nifty India Consumption Index turned an investment of ₹10,000 into ₹19,664, compared with ₹17,223 in the Nifty 50.

The Consumption Index delivered approximately 26% higher annualised returns (13.01% vs 10.33% CAGR) over this period.

What Drives India's Consumption Story?

India's economy is evolving. Rising incomes, urbanisation, a young population, digital commerce and changing lifestyles are leading Indians to spend more—not just on essentials, but on better products, premium brands and experiences. Companies serving these needs often benefit as household consumption grows.

✔ Rising Disposable Income

✔ Growing Middle Class

✔ Urbanisation

✔ Digital Payments & E-commerce

✔ Premiumisation

✔ Young Demographics

And this trend does not show any stagnation. Which brings us to the most Important Question HOW DO I BENEFIT FROM IT?

The Nifty India Consumption Index is designed to track 30 listed companies that benefit from India's growing domestic consumption.

Rather than investing in a single company, the index gives exposure to a basket of businesses whose revenues are closely linked to the spending habits of Indian consumers.

These companies come from sectors that most of us interact with every day, including:

• 🛒 FMCG & Consumer Goods

• 🛍️ Retail

• 🚗 Automobiles & Auto Components

• 📱 Consumer Durables & Electronics

• 🏨 Hotels & Hospitality

• 🏥 Healthcare

• 📡 Telecom & Digital Services

• 🍽️ Consumer Services

• 
  

When millions of Indian households spend a little more every year, the cumulative impact on businesses serving those consumers can be significant. The Nifty India Consumption Index brings together 30 such companies into a single investment theme.

AND YOU BENEFIT WHEN THEY SELL MORE

Investing in the Consumption Story

When you invest in the Nifty India Consumption Index, you are not betting on just one company.

You are participating in the growth of 30 businesses that collectively represent India's evolving consumption economy. This diversification helps reduce the dependence on any single company while allowing investors to benefit from a broader long-term theme.

Interested in India's Consumption Story?

There are multiple ways to invest in this theme—but not every option is right for every investor.

We research Consumption Mutual Funds, ETFs and leading companies to help investors identify opportunities that suit their portfolio.

📞 Connect with Ragaas Finserve and discover the best way to participate in India's Consumption Story.