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Tracking The Growth Of India's Middle Class

3594 words - 15 pages

She felt disempowered by the 'selfish' and 'worthless' ways of India's [ Images ] burgeoning urban middle class. It were the rural and urban poor, who taught her the true meaning of life.

Unlike the upwardly mobile upper middle class, the much neglected Indian backward class which struggles for a daily living knows better how to lead an enriched and harmonious life, believes Magsaysay awardee and eminent RTI activist Aruna Roy.
"India is today running on two different tracks followed by the backward class and the middle class. The former made me understood how to make your life better enriched and harmonised, while the latter only taught me how to make life worthless and selfish," Roy ...view middle of the document...

"Naxal violence is not one, which we have imported from some other country but it is home made. It is all due to government's failure, not been able to make developments reach out to the people," she says adding that failure in enforcing law and order also added fuel to extremist violence.
Roy also lashes out on the government's SEZ policies, which she considers totally unacceptable.
"Our SEZ policy is totally wrong, which needs to be reviewed. Government should convene an all party meeting and reconsider evils of this act," she says.
"Corporate houses want SEZ zones, which is totally unacceptable and against democracy. Orissa, Chattisgarh and Nandigram [ Images ] had earlier witnessed violence on the issue and now even the people of Goa [ Images ] have set aside SEZs," she adds.
Roy these days is actively working in Rajasmund district of Rajasthan with the rural poors.

Tracking the growth of India’s middle class
Over the next two decades, the country’s middle class will grow from about 5 percent of the population to more than 40 percent and create the world’s fifth-largest consumer market.
AUGUST 2007 • Eric D. Beinhocker, Diana Farrell, and Adil S. Zainulbhai
Source: McKinsey Global Institute

In This Article
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Exhibit 1: India’s private consumption as a share of GDP is closer to that of Japan and the United States that it is to China’s
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Exhibit 2: India will see further reduction in poverty and a growing middle class.
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Exhibit 3: A continuing rise in incomes nationally will spur a tenfold increase in the size of India’s middle class.
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Exhibit 4: Income growth in India’s urban areas will lead to waves of dominant segments.
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Interactive: At home with India's middle class
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Exhibit 5: The focus of India’s household budgets will shift from basic necessities to discretionary items.
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Exhibit : Map
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* About the authors
* Comments (1)
India’s rapid economic growth has set the stage for fundamental change among the country’s consumers. The same energy that has lifted hundreds of millions of Indians out of desperate poverty is creating a massive middle class centered in the cities. A new study by the McKinsey Global Institute (MGI) suggests that if India continues its recent growth, average household incomes will triple over the next two decades and it will become the world’s 5th-largest consumer economy by 2025, up from 12th now. (The full report, The ‘Bird of Gold’: The Rise of India’s Consumer Market, is available free of charge online.) Along the way, spending patterns will shift significantly as discretionary purchases...

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