Rapid growth expected in India’s middle class (in mn)
India’s middle-class population of nearly 50 mn, or 5% of the overall population (2015 estimated), is expected to grow steadily over the next decade to 200 mn by 2020 and 475 mn by 2030. With better means comes a growing awareness and demand for better work-life balance in the private sector. The increasing disposable income of a growing middle class has led to more families and individuals planning both domestic and international vacations, atleast once a year. The middle-class population grows, the volume of domestic tourists will also increase.