China vs. India

Where is the momentum in consumer spending?

China vs. India

China is the largest middle class* market in the world with almost 900 million people today and reaching over a billion people with a growth rate of 3,5% per year until 2030.

However, India’s middle class is the most dynamic market with the greatest momentum with a growth rate of 10% per year. There is a great momentum with 380 million people in the Indian middle class and reaching over one billion people until 2030.

*middle class: People spending between 11 and 110 dollars per day in 2011 ppp.

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