இந்த வார பிரபல தி எக்கானமிஸ்ட் சர்வதேச இதழில் அட்டைப் படக் கட்டுரையில் இந்திய நடுத்தர வர்க்கம் குறித்தான ஆய்வும், பல செய்திகளும் உள்ளன. இந்தியாவில் நடுத்தர வர்க்கம் இருளில் இரணப்படுகிறது என்று இந்த இதழில் குறிப்பிடப்பட்டுள்ளது.
India’s middle class may be far from wealthy but the rich are truly rich. There are over 200,000 millionaires in India. Forbes counts 101 billionaires and adds one more to the list roughly every two months. It shows. The Hermès shop next door to the Honda dealership frequented by Mr Srinath sells scarves and handbags that cost far more than his scooter. Flats in posh developments start at $1m. In other emerging economies, there are fewer very rich and a wider base of potential spenders for marketers to tap.
In absolute terms, India has wealth roughly comparable to Switzerland (population 8m) or South Korea (51m). Although India’s population is almost the size of China’s, it is central Europe, with a population about the size of India’s top 10% and boasting roughly the same spending power, that is a better comparison. Global companies pay attention to markets the size of Switzerland or central Europe. But they do not look to them to redefine their fortunes.
Confronted by this analysis, India bulls concede the middle class is comparatively small, but insist that bumper growth is coming. The assumptions behind that, though, are not convincing. For a start, the growth of the overall economy is good—the annual rate is currently 6.3%—but not great. From 2002 China grew at above 8% for 27 quarters in a row. Only three of the past 26 quarters have seen India growing at that sort of pace.
கே.எஸ்.இராதாகிருஷ்ணன்.
18-01-2018
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