Just subscribe... Gen-Z is not becoming the owner, has created a new economy
The rise of the subscription economy in India marks a significant shift from ownership to access, particularly among Generation Z consumers.
The article explores the evolution of consumer behavior in India from ownership to a subscription-based economy, highlighting how this shift has been influenced by a desire for convenience among the younger generation. As of 2026, India has become a hub for subscription services across various sectors, including entertainment, transportation, and even daily groceries, with an estimated e-commerce subscription market nearing $46.3 billion.
The report from Fortune Business Insights reveals that the trend is not limited to traditional services like Netflix or Spotify; it encompasses a wide array of products, from cars to furniture, all available through subscription models. This burgeoning demand is also supported by a study from PwC indicating that 72% of Indians are utilizing subscription services for food boxes and meal kits, driven primarily by the allure of convenience.
However, the article raises critical questions about the implications of this shift. Despite the convenience offered by subscription services, the article hints at potential pitfalls, such as financial implications and dependence on recurring payments, which could be exacerbated by India's strict Reserve Bank e-mandate regulations. This discussion serves as a crucial reflection on how the subscription economy reshapes consumer freedoms and financial practices in contemporary India.