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Drivers

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Job seekers willing to work in foreign countries

Sip

Standard of living in India varies from state to state. With one of the fastest growing economies
in the world, clocked at a growth rate of 7.6% in 2015, India is fast on its way to becoming a large
and globally important consumer economy. According to Deutsche Bank Research, there are
between 30 million and 300 million middle-class people in India. [1]If current trends continue,
India's share of world GDP will significantly increase from 7.3 in 2016 to 8.5 percent of the world
share by 2020.[2] In 2011, less than 22 percent of Indians lived under the global poverty line,
nearly a 10 percent reduction from 29.8 percent just two years prior in 2009. [3]

According to NCAER, India's middle class population would be 267 million in 2016. Further
ahead, by 2025-26 the number of middle class households in India is likely to more than double
from the 2015-16 levels to 113.8 million households or 547 million individuals. [4] Another estimate
put the Indian middle class as numbering 475 million people by 2030. [5] It is estimated that
average real wages will quadruple between 2013 and 2030. [6]

The standard of living in India shows large disparity. For example, there is widespread poverty in
rural areas of India, where medical care tends to be very basic or unavailable, while cities boast
of world class medical establishments. Similarly, the very latest machinery may be used in some
construction projects, but many construction workers work without mechanisation in most
projects.[7] However, a rural middle class is now emerging in India, with some rural areas seeing
increasing prosperity.[8] In general, the southern Indian state of Kerala ranks top for most of the
indices.

In 2010, the per capita PPP-adjusted GDP for India was US$3,608.[9]

The Indian economy advanced 7 percent year-on-year in the last three months of 2016,
slowing from an upwardly revised 7.4 percent rise in the previous quarter but beating
expectations of a 6.4 percent growth. The expansion was mainly driven by a surge public
spending and agriculture. The GDP is expected to grow 7.1 percent in the fiscal year
ending in March 2017.

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