Emerging middle class drives India's economy

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India is emerging into a compelling long-term growth story for investors. High economic growth is be...

India is emerging into a compelling long-term growth story for investors. High economic growth is being driven by the appearance of a wealthy Indian middle-class, which is driving growth and sustaining the development of the country's consumer society. Shelley Kuhn, assistant fund manager at Jupiter, says India's main investment themes are consumption, investment and outsourcing. "India is experiencing robust economic growth. Over the last three years the real growth rate has averaged around 8% and the Indian government's aim is to achieve a real growth rate of 10% per annum," she says. ...

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