Economy #economic hubs#cities
Nearly 500 Indian Cities Set to Become Next Economic Hubs: Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman announced that nearly 500 cities in India are poised to become the country's next economic hubs, citing a rapidly expanding middle class that now represents 31% of the population and drives 93% of consumer spending. Speaking at a French economic forum, she highlighted the middle class's annual growth rate of 6.3% since economic liberalization and noted that India will surpass China in middle-class population size between 2030 and 2035, according to an OECD study.
Jul 8, 2026 1 source