India has a hole where its middle class should be


The Economist reports:
AFTER China, where next? Over the past two decades, the world's most populous country has become the market qua non of just about every global company seeking growth. As its economy slows, businesses are looking for the next set of consumers to keep the tills ringing. To many, India feels like the heir apparent. Its population will soon overtake its Asian rival's. It occasionally grows at the kind of pace that propelled China to the status of economic superpower.
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