India’s Burgeoning Middle Class
Much of the focus on India’s economy in recent years has been on the growth of its workforce and its ability to handle increasingly complex outsourced functions. A byproduct of this economic growth has been an increase in the spending power of its citizens.
The McKinsey Global Institute has just published a research report entitled “Bird of Gold: the Rise of India’s Consumer Market”. 
According to the study, while real average household disposable income in India has doubled since 1985, its current growth path will lead to a major transformation of the Indian market. They project income levels could triple by 2025 with India climbing from the 12th to the 5th largest consumer market in the world. This growth could lift nearly 300 million people out of poverty and will expand India’s middle class from the current 50 million people to 583 million people.
The McKinsey report describes the impact of this potential growth, along with analysis of the economic reforms and infrastructure development required to achieve these results.
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