Middle Class in Emerging Markets Means Growth

Middle Class in Emerging Markets Means Growth

Sanjit Das/Bloomberg

Shoppers look at mobile phones at a Bharti Walmart Pvt. Ltd. Best Price Modern Wholesale store in Zirakpur, on the outskirts of Chandigarh, Punjab, India. India is all set to enjoy average gains in real incomes of about 4 percent up to 2050, Ward and Neumann said.