Wednesday, April 23, 2008
India as a large consumer economy
India is supposed to be the 5th largest economy in the world by 2025. I find this interesting because I do not hear much about India's economic activities. One reason why India's economy is growing is because of the growth of the Middle Class. Currently, the middle class makes up 5 percent, but it will reach 41 percent by 2020. Supposedly, another reason for the rapid growth of the economy is that most of the upper class are the richest in the world. Also, globalization is contributing to the economy as more Information Technology jobs are avaiable.
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