Posted AT 5:56 AM EDT on 09/05/07
India's middle class is set to bust out
India's new middle class is ambitious, dynamic and upwardly mobile. It is also relatively small. Only about 50 million Indians, or about 5 per cent of the population, have the income to afford a middle-class lifestyle.
But that may be about to change - and fast. A new report by McKinsey & Co.
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