New Delhi, June 18 -- India's consumer spending is showing early signs of a revival, Financial Express reported, citing HSBC Global Research projecting a significant boost in the coming years.

The report estimates that an annual injection of $30-40 billion into the economy over the next 18-24 months could meaningfully strengthen India's consumption landscape.

While the gains may not be evenly distributed across all sectors, HSBC noted that overall consumption should benefit from a rise in disposable income.

What's fuelling higher disposable income?

According to HSBC, three key developments are likely to lift household spending power.

That said, HSBC cautioned that these tailwinds will emerge gradually, and no sharp increase in activi...