India is fast becoming one of the world's growth engines, with a rapidly growing population that is eager to spend. However, India has challenges to overcome including a lack of resources and a complex bureaucracy.
Wearables are the hottest consumer electronic product in 2015, moving beyond just a functional electronic device to a must-have fashion accessory. However, smartphones will remain the volume driver moving forward.
India has the fastest growing childrenswear market, registering 21% growth in 2014. In India, parents are choosing to spend more on their children's clothing, and this means spending on branded products.
Proximity mobile payments continue to garner the most attention as the technology of the future from the payments industry. Consumers, though, still express concern over security and don't have the incentive to adopt mobile as a new payment habit.