China vs. India

Where is the momentum in consumer spending?

China vs. India

China is the largest middle class* market globally with over 900 million people today and reaching around 1.2 billion people with a growth rate of 5.9% until 2030.
However, India’s middle class is the most dynamic market with the most significant momentum, with a growth rate of 8.5% until 2030. There is substantial momentum, with almost 400 million people in the Indian middle class reaching over 800 million people until 2030.

*middle class: People spending between $11 and $110 per day in 2011 PPP.

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