CURRENT AFFAIRS

Detailed explanation-1: -Which are the top 5 consumer markets in Asia? China, Sri Lanka, Vietnam, India and Indonesia are the five favourite consumer markets in Asia.

Detailed explanation-2: -Even today, 55 percent – or 2.2 billion people-of the global consumer class live in Asia, especially in the world’s two biggest consumer markets, India and China. Despite the fact that Indian consumer class growth is outpacing China’s, the latter country is expected to remain the biggest consumer market in 2030.

Detailed explanation-3: -The countries are sorted by their Household final consumption expenditure (HFCE) which represents consumer spending in nominal terms. If measured by purchasing power parity (PPP) terms, China is estimated to be the largest consumer economy today.