India has witnessed a 21% year-on-year growth during the third quarter of 2023 in smartwatch market. The increase was attributed to a large inventory build-up ahead of strong sales during October's holiday season.

According to a NielsenIQ report, India's consumer goods sector had a 9% increase in value during the July-September quarter as rural consumers' spending power increased.

According to a report by the ISWAI, India's alcoholic beverage market is predicted to reach US$ 64 billion over the next five years, ensuring India's ranking as the fifth-largest contributor to global market revenues in the near to medium term.

According to the management commentary released by several of the largest global consumer goods companies after their earnings, the Indian market performed better in the last quarter than the rest of Asia Pacific, including China.

Mr. Tim Cook, Chief Executive Officer (CEO) of Apple stated that India is an extraordinary market that has a lot of headroom for growth. He further stated that though there is less share of Apple in the Indian market but there is a lot of potential to grow.