Middle class is India's engine of growth: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Friday said India's "middle class is the engine of growth". "After COVID-19, India has remained the fastest-growing large economy, primarily because of consumption driven by the middle class," Sitharaman stated. Citing OECD's projection, she added that India will surpass China in the absolute size of its middle-class population between 2030 and 2035.