http://www.indianwineacademy.com/india_in_numbers.asp Sources - FICCI & Austrade A Realistic Figure for the Consuming Class In India , over 30 million people (2.8% of the entire population) have an ability to spend over US$30,000 a year (in PPP terms) on conspicuous consumption. Consumer demand is driving retail growth, but it is in turn being driven by the following factors: Boom Time for 40 Million Households A growth rate averaging 8% has meant greater disposable incomes for the Indian middle class, which comprises 22% of the population. This figure is expected to increase to 32% by 2010. Disposable incomes are expected to rise at an average of 8.5% a year till 2015. About 40 million households earn the equivalent of US$4,000-10,000 per household and comprise salaried employees and self-employed professionals. This segment is expected to grow to 65 million households by 2010. It is the key driver behind the explosive retail sector growth. Discretionary Inco
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