Economic expansion in India is still the second-fastest after China of the world's biggest economies. The economy has grown an average 8.8 percent since 2003, the fastest expansion since the country's independence in 1947.
India's middle class, defined as those with annual disposable incomes between US$4,380 and US$21,890, has more than doubled to 50 million in the past decade, said McKinsey & Co.
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