A Snapshot Of Indian Consumers
If both countries continue on roughly their current growth paths, we will witness the creation of massive new consumer markets, as well as unprecedented reductions in poverty. The speed of the change will rival Japan’s economic miracle of the 1950s to 1970s, as well as South Korea’s more recent rise—but will be magnified over populations 10 and 30 times as large. In China, rising incomes have the potential to lift over a hundred million people out of poverty....