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India projected to have biggest middle class in the world

June 26, 2013 08:17 IST

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

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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
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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
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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

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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
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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
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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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India projected to have biggest middle class in the world

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Chinese market

Automobile sector in 2013: 2,500 vehicles are sold every hour in China


Image: A view of the Lotte Department Store in Tianjin, China.
Photographs: Lotte Department Store/Handout/Reuters

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