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Is it the 'consumers'? Though we can always question the term 'middle class' and its origins (my leftist friends talk about the class system and the class struggle), this book does capture the momentum and the rise of the 'consumer class' in India. India opened up to the rest of the world after almost 50 years of closed, socialist economy in 1992 and since then the emergence of new social structures and the dynamic movement of markets and consumers has been breathtaking. Ushered and pushed by the satellite or cable TV as it is called in India, there is new found consumerism and movement towards an open capitalist economy.
Is it all happening for good? Not necessarily, Pavan Varma's book questions some of the developments in this area. An interesting framework, even if you disagree with some of the insights and deliberations. Worth a read if you are outside India and interested in knowing more about India. 250 million new consumers will play an important role on your business/job independent of the place you may be in.
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