Published 1 day ago • loading... • Updated 1 day ago

60% of the country’s population will be middle class by 2047

Summary by www.bestmediaifo.com

New Delhi: Growing at an annual rate of 6.3%, the middle class makes up 31% of the total population today and by 2047, 60% of the country’s population will be middle class, according to the RedLab report. The RedLab report states that if a household’s annual income is between Rs 5 lakh to 30 annually, it belongs to the middle class. Maninder Singh, Chief of Strategy RedLab, said, “As the middle class expands, it is set to transform India into a …

This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

2 Articles

All

Left

Center

Right

www.bestmediaifo.com

60% of the country’s population will be middle class by 2047

1 day ago

Read Full Article

Social Samosa

Middle-class consumption to jump from $1.9 Trillion to $5.2 Trillion by 2031: Report

India’s middle class is on the cusp of an unprecedented transformation. As the country approaches its centenary of independence in 2047, more than a billion Indians will belong to this economic segment, redefining its socio-political and financial landscape. Red Lab's 'Rising to A Billion' report, examines the rapid expansion of India’s middle class, the aspirations driving its consumption patterns, and the challenges it faces in an evolving eco…

1 day ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right