Sunday, December 23, 2007

The great indian middle class!!

Well you people might be thinking why this lady is posting on such a serious issue,well to begin with,the changing culture of indian public especially the booming middle class which someyears back was too conscious to spend graciously now doesnt mind to spend a little more for the quality sake.Dating back to the beginning of 90's when the so called IT boom was beginning to expand the large indian middle class was slowly opening up,and now they make up one of the biggest consumers are concerened,whether it is malls,multiplexes or sometimes even pubs and discos.They don't mind spending that extra bucks whether its for their children or for themselves.And this confidence in them is from the liberalisation and globalisation whcih started in 90's and is now at its peak now with all the sectors whether its public or private,whether its IT or banking sector,and ofcourse the BSE stock exchange with its all time high position.And the good part of all this is that this great indian middle class makes up for the largest population of india,so if we want to see india reach to the stature of developed nation this section will be playing a very important role.