talkIndia
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 21 May, 2007 5:27 am Post subject: India set to become fifth-largest consumer |
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India could become the world’s fifth-largest consumer market by 2025 if it undertakes the reforms necessary to sustain average annual economic growth of 7.3 per cent, McKinsey, the consultancy, forecasts in a study released on Thursday.
India is currently the world’s 12th-largest consumer market, on a par with Brazil, whose population is one-sixth as big. It will catch up with that of Italy in 2015 and be smaller only than those of the US, Japan, China and the UK a decade later.
Full Article - India Set to beomce fifth-largest consumer (FT.com article) |
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