Alternative marketing thinking

iCONTRACT

Indian Income Rockets

Finance Minister P Chidambaram has said that he expects the country’s per capita income to touch $4,000 by 2025,” shattering all forecasts by global economic pundits. “A BRIC report has forecast India’s per capita income would touch US dollar 800 by 2010 and USD 1,149 by 2015. But we have exploded this assumption as our per capita income has already touched $1,000 this year and expect it to touch $4,000 by 2025,” Chidambaram said. Today one cannot get a farm labourer for below Rs 80, carpenter won’t be available for less than Rs 150 and a senior mason will charge Rs 200. People are demanding and getting more. This aspiration is driving consumption which will make India a middle income country in next 15-20 years, he said. Read more.

Advertisements

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: