FUTURE
India has one of the fastest growing
economies in the world, with 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, is catching up with the Western culture.
• 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
•To sum it up,
India is approaching a strong economy – although some parts of India remain
poor.
