Rising middle class fueling India's consumption boom
Edited By WION Video Desk
Published: Apr 17, 2024, 04:55 IST | Updated: Apr 17, 2024, 04:55 IST
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For long, China has been the world's biggest consumer market. But that could change soon as India emerges as an economic powerhouse. Latest projections suggest that India will have a consumer base of 773 million people by 2030. That's a 46 percent increase from 529 million in 2023. China will still have a billion consumers by 2030, growing by just 15 percent in the next six years.
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