Standard of Living in India (Paperback)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. With one of the fastest growing economies in the world, clocked at a growth rate of 8.3% in 2010, India is fast on its way to becoming a large and globally important consumer economy. The Indian middle class, estimated to be 50 million people, by McKinsey & Company is fast becoming used to Western culture. It will reach 600 million by 2030. According to Deutsche Research the estimates are nearly 300 million people for all Middle Class. If current trends continue, Indian per capita purchasing power parity will significantly increase from 4.7 to 6.1 percent of the world share by 2015. In 2006, 22 percent of Indians lived under the poverty line. India aims to eradicate poverty by 2020.