Beat 7B · Artifact 07 · Version 0.2
Growth drivers vs AI resilience. VCTI portfolio mapped across five growth drivers. AI primarily threatens one of them.
Each holding is mapped across five drivers of consumer growth — A · Income-Led Growth (rising middle-class salaries), B · Behaviour Shift (formalisation, digitalisation, convenience), C · Income Distribution (women, Tier 2/3, affluent vs. middle), D · Consolidation (organised gains from unorganised), E · New Engines (new geographies & categories). AI threat sits primarily in Driver A. Names driven by B–E are structurally more resilient. Click a row for the detail read. Toggle Edit mode to adjust driver weights and tier per holding.
Holding
A · Income-Led GrowthRising middle-class salaries & consumption
B · Behaviour ShiftFormalisation · digitalisation · convenience
C · Income DistributionWomen · Tier 2/3 · Affluent vs. middle
D · ConsolidationOrganised gains from unorganised
E · New EnginesNew geographies & categories
Resilience tier

Bernstein scenario response

L1 Damocles · L2 Deflation · L3 Deadlock · L4 Displacement

Portfolio construction implication

A portfolio tilted toward Behaviour Shift (B), Consolidation (D), and New Engines (E) is naturally hedged against AI-driven income disruption — without abandoning the consumer and tech thesis.

Driver A (Income-Led Growth) is the primary AI-vulnerable lever. Every holding has been pre-stress-tested; the matrix is the proof of resilience.

Green · hold/build through all AI scenarios Amber · hold L1–L2, monitor L3 Red · reduce L2, exit L3 A · Income-Led Growth B · Behaviour Shift C · Income Distribution D · Consolidation E · New Engines
Methodology · sources
Driver weights (A–E, summing to 100% per row) are VCTI's assessment of the dominant growth lever for each business. Primary driver is outlined. Resilience tier reflects position behaviour across Bernstein's four-level AI framework (Damocles → Deflation → Deadlock → Displacement, India Emerging Consumer · April 2026). Edits persist in localStorage (key: vcti.ai.v2). Portfolio: VCTI working watchlist as at May 2026. Not investment advice.