India’s economic growth has accelerated significantly over the past twenty years and so has the spending power of an average Indian. Household disposable income has roughly doubled since 1985. If the current economic growth of the nation is anything to go by, incomes are likely to almost triple in the next 20 years. By 2025 India would be fifth-largest consumer market climbing steeply from its twelfth position today. Over 291 million people will move from desperate poverty to a more sustainable life, and India’s middle class will swell by more than ten times from its current size of 50 million to 583 million people. By 2025 over 23 million Indians will be among the country’s wealthiest citizens.
Service sector, the lifeline of a country, is today the largest and fastest growing sector globally contributing more to the global output and employing more people than any other sector. In tune with the world, Indian services sector is booming while it contributes majorly towards the national growth and employment. Services like trading, transportation and communication, retail, financial, real estate and business services, community, social and personal services are slated to show a massive growth pattern.