मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Fivefold rise in Rs 5 lakh+ earners fuels India's consumption surge
The Business Guardian
|October 07, 2023
The surge in India's consumption is being driven by a significant increase in the number of individuals earning over Rs 5 lakh per annum, according to data analysis by BNP Paribas.
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Over the past decade, the number of Indians in this income bracket has grown fivefold, from 3.8 million in FY12 to 18 million in FY21. The report suggests that this trend likely continued in FY22 and FY23, as the recovery years saw strong wage inflation. These affluent households, though a small proportion of India's population, are expected to play a crucial role in driving growth in various industries.
यह कहानी The Business Guardian के October 07, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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