A growing purchasing power

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A growing purchasing power

Estimated at 50 million people in 2008, India’s middle class should reach 583 million in 2025. Global consumption is expected to quadruple within the next 20 years. Hence, this hike would allow India to become the fifth largest consumer market in 2025, behind the United States, Japan, China and the United Kingdom (India is currently in 12th position). This increase will be mostly due to the growth in revenue.

Source :McKinsey&Company

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