India projected to have biggest middle class in the world
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Hundreds of millions of people around the world are escaping poverty and becoming middle class, according to BBC.
The explosion of new consumers in China, India and other economic powerhouses is changing the global balance of power. India is projected to have the single biggest middle class population in the world by 2030, it says.
Let’s take a look at the growth of the middle class in India and around the world.
Source: BBC
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Image: People walk past the Printemps department store in Paris.
Photographs: Charles Platiau/Reuters
India projected to have biggest middle class in the world
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The criteria
Who's in the middle class? Anybody who earns between $10 to $100 per day
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Image: A shop assistant removes snow from Russian traditional hats, also known as Ushanka hats, near Red Square during heavy snowfall in central Moscow.
Photographs: Sergei Karpukhin/Reuters
India projected to have biggest middle class in the world
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The global growth
Strength of the middle class in 2009: 1.8 billion
Strength of the middle class in 2020: 3.2 billion
Strength of the middle class in 2030: 4.9 billion
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Image: People shop at the Mall of the Emirates in Dubai, United Arab Emirates.
Photographs: Ghazal Watfa/Reuters
India projected to have biggest middle class in the world
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Regional strength
Strength of the middle class in Asia (2030): 3.2 billion
Strength of the middle class in Europe (2030): 680 million
Strength of the middle class in North America (2030): 320 million
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Image: Diners eat at the Rock and Sole Plaice restaurant in central London.
Photographs: Eddie Keogh/Reuters
India projected to have biggest middle class in the world
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India's growth
Strength of the middle class in India (2020): 200 million
Strength of the middle class in India (2030): 475 million
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Image: A shopkeeper shows gold bangles to a customer at a jewellery shop in Mumbai.
Photographs: Arko Datta/Reuters
India projected to have biggest middle class in the world
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India's presence
Tourism sector in 2013: Indian airports are projected to see 150 million travellers
Tourism sector in 2020: Indian airports are projected to see 450 million travellers
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Image: The owner of a Kirana, or mom-and-pop grocery store, accepts money from a customer in Mumbai.
Photographs: Vivek Prakash/Reuters
India projected to have biggest middle class in the world
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Chinese presence
Automobile sector: It's the biggest car market in the world
Tourism sector: It's the biggest source of tourism in the world
Internet shopping: It's the biggest online consumer in the world
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Image: A woman looks at shoes in a market in central Beijing.
Photographs: David Gray/Reuters
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