Oh Boy! Indians are getting richer...

IIPM MANAGEMENT INSTITUTE
A study done by Synovate (a research agency) has thrown up some interesting facts. The survey estimates that over 7 lakh Indians (out of over one billion population) possess a wealth of about $1,00,000 which is likely to shoot upto $1.1 million by the year 2009. That is cumulative liquid wealth of $203 billion which is estimated to go upto $322 billion. Covering 11 countries across Asia, the study tracks the spending patterns of the creamy layer in the region. One of the findings reveal that while Internet access in the region has increased by 30%, in India it has upped by 132%. However, when it comes to owning a laptop, India has shown a meagre increase of 10% against Asia's whopping 225%.

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative