Consumer will remain the king in India's growth story
India is poised to become the third-largest country by consumption expenditure
 "Consumer will remain the king in India's growth story")
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Even as India’s economic growth has been attributed to its power to consume, the data show consumers drive the growth and the trend will continue. According to a report by Boston Consulting Group, India is poised to become the third-largest country by consumption expenditure, driven by the rising upper-income households. Arnab Dutta lists out the consumption story.
Elite: Households with annual income over Rs 20,00,000; Affluent: Rs 10,00,000 to Rs 20,00,000; Aspirers: Rs 5,00,000 to 10,00,000; Next billion: Rs 1,50,000 to 5,00,000; Strugglers: Below Rs 1,50,000 (1 US$ = Rs 65)
Source: The Boston Consulting Group, Confederation of Indian Industries
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