- India’s middle class will significantly expand to account for 61% of the total population by 2047, a huge jump from its 2020-21 percentage of 31%, due to sustained political stability and economic growth, according to a report by the PRICE.
- India’s rising middle-class population, projected to reach 1.02 billion individuals by 2047, will necessitate a greater demand for quality healthcare, education, and consumer goods, and will serve as the key driver of the country’s economic growth.
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