Authors: Minora Amber Kinny, Pritama Devi
Abstract: The post-COVID India has experienced a redefined consumer economy where a faster digitization process, disparate income bouncing back and changing expectations of convenience, reliability, and trust have driven the transformation of consumer needs. The paper is a synthesis of the evolving preferences, channel decisions, and spending priorities of Indian consumers following the acute stage of the pandemic with no less than a time frame of 20222025. The study is a triangulation of evidence-based on official indicators, i.e., Unified Payments Interface (UPI) statistics reported in the statistical appendix of Economic Survey, and evidence-based on industry reports on FMCG, e-retail, and quick commerce as well as peer-reviewed academic research on post-pandemic consumer behavior and omnichannel retailing. It is synthesized to discover five enduring shifts. To start with, there is an increased value-seeking behavior among Indian consumers with price consciousness and sensitivity to deals without a consistent withdrawal into frugality. Second, the concept of real-time online payments has become the norm in the daily offline business, and it is not limited to urban, high-income population groups. Third, channel formats have shifted towards omnichannel formats and quick commerce on convenience categories is expanding rapidly. Fourth, the spending decisions in food, personal-care, and preventive services are still influenced by a long-term orientation towards health and well-being. Fifth, the premiumization based on aspiration runs parallel with stress in the demand of the mass-market, which highlights the different recoveries of income groups.
