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Middle class, aspirational consumers to drive 93% of India's spending by 2036: Sitharaman
India's middle class is poised to fuel significant economic expansion, with 93% of all spending expected to originate from this segment by 2036. This growth is increasingly driven by tier two and three cities, indicating a wider distribution of wealth. Government policies, including financial inclusion, digital access, tax adjustments, and welfare schemes, are actively supporting and expanding this crucial demographic, positioning them as key engines of India's economic progress.
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theprint.in
Middle class growth engine of India; 500 cities to emerge as economic hubs: Sitharaman
New Delhi, Jul 3 (PTI) Finance Minister Nirmala Sitharaman on Friday described the middle class as the growth engine of India and said nearly 500 cities are poised to emerge as…
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economictimes.indiatimes.com
Middle class to remain India’s growth engine: FM Sitharaman
India's middle class is identified as the primary driver of the nation's robust economic expansion, fueling consumption and ensuring its status as the world's fastest-growing…
