Economy #india#middle class
Middle Class to Remain India’s Growth Engine, Consumption Driver by 2036: FM Sitharaman
Finance Minister Nirmala Sitharaman declared India's middle class as the engine of growth, projecting it will drive 93% of consumption by 2036. She highlighted government initiatives like Jan Dhan accounts, tax relief, and GST cuts that have broadened the base and lifted 248 million out of poverty. Separately, she co-chaired the India-France Economic & Financial Dialogue, exploring cooperation in critical minerals, high-speed rail, and financial industries.
Jul 8, 2026 1 source