India’s real GDP is expected to grow at more than 6% every year between 2023 and 2028, according to Goldman Sachs Research. In tandem, the wealth of affluent Indians is rapidly growing. By 2027, this cohort of consumers will increase from around 60 million in 2023 to 100 million people.
Arnab Mitra, an analyst at Goldman Sach, explains here:
India’s affluent population is likely to hit 100 million by 2027 -Goldman Sachs
