Industry
From 1998 through 2008, its GDP has grown at an average of more than 7
percent per year. Moreover, its contribution to world GDP is expected to
increase from 2 percent in 2007 to 17 percent in 2050.
In India today, 13 million households earn US$10,000 to $50,000 a year;
that segment is forecast to more than triple by 2012, to 40 million.
Banks, well aware of the opportunities, have increased consumer credit
available to middle-class borrowers.