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Figure 3. 

Forecasted Dynamics of the Middle-Class Share in India’s Population. Note: Destitute: < Rs 125000 per annum (~1400 USD); Aspirers: Rs 125,000-500,000 (~1400-5600 USD); Middle class: Rs 500000-3000000 (~5600–34000 USD); Rich: >Rs 3000000 (>34000 USD). Source: CRISIL Market Intelligence & Analytics, 2024

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