The Influence of Family and Peer Group on Children Consumer Socialization

Nowadays, the consumer in India is more modern and urban, with greater buying capacities. This is mainly because of their rise in disposable income and changing family profile. The Indian consumer has grown to be entirely different in the past two decades. Children are the decision makers for three target markets the current market for the existing needs, the future market and the influential market, where they help their parents make various market choices. Thereby, children are prime purchase decision makers, as more than 30 of the population in India is below the age of 15 years. This paper discusses about the influrnce of family and peer group on children consumer socialisation. Chetana. M. R. | Dr. K. Janardhnam "The Influence of Family and Peer Group on Children Consumer Socialization" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-1 , December 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29497.pdf Paper URL: https://www.ijtsrd.com/management/consumer-behaviour/29497/the-influence-of-family-and-peer-group-on-children-consumer-socialization/chetana-m-r