ETMarkets Smart Talk: Ambit Capital’s Nitin Bhasin explains how tier-2 and tier-3 cities are shaping India’s consumption story

October 16, 2025

Nitin Bhasin of Ambit Capital highlights the growing consumption power in India’s Tier-2 and Tier-3 cities, driven by rising rural incomes and digital penetration. GST cuts are boosting festive sales, particularly in autos and FMCG, with e-commerce volumes soaring in smaller urban centers.

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