However, it is interesting to note that saving behaviour is in the genes of the young aspirational Indians. The age old wisdom of buying real estate and gold and parking money in fixed deposits is passé for the young Indian of today. Rather than classical Indian investment objectives like retirement, child’s education or marriage, today’s younger lot is focusing on goals like world travel, cars, interesting experiences and other lifestyle goals. In the early professional years, the focus is more on lifestyle or experiences and the primary goals are travel, experiences and gifting. It is evident that young Indians are aspirational, and want to consume the best.

Source: Mint March 28, 2018 12:56 UTC