Rise of the Indian middle class and its impact on the labor market

Eggimann, Andres; Kendzia, Michael Jan

Publication type:	Working paper – expertise – study
Title:	Rise of the Indian middle class and its impact on the labor market
Authors:	Eggimann, Andres Kendzia, Michael Jan
et. al:	No
Extent:	14
Issue Date:	Jun-2022
Series:	IZA Discussion Papers
Series volume:	15410
Publisher / Ed. Institution:	IZA Institute of Labor Economics
Publisher / Ed. Institution:	Bonn
ISSN:	2365-9793
Language:	English
Subjects:	Middle class; Labor market; India; Employment; Liberalization
Subject (DDC):	331: Labor economics
Abstract:	The world is changing its socio-economic landscape. By doing so, the phenomenon of a growing middle-class appears. Both household surveys and growth projections suggest that only about one-third of the global middle class is based in Asia. However, between 2009 and 2017, the global middle-class has increased from 1.8 billion to 3.5 billion, whereas 40 percent are located in Asia. The key contributors to this trend are China and India. Between 2011 and 2019, GDP per capita has surged by 66 percent in China and 53 percent in India. Forecasts by the OECD predict that between 2030 and 2035, India will overtake China in terms of middle-class population in absolute terms. Against this background, the article seeks to outline the implications that are associated with the rise of a growing middle class on India’s labor market.
URI:	https://docs.iza.org/dp15410.pdf https://digitalcollection.zhaw.ch/handle/11475/25759
License (according to publishing contract):	Licence according to publishing contract
Departement:	School of Management and Law
Appears in collections:	Publikationen School of Management and Law

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Eggimann, A., & Kendzia, M. J. (2022). Rise of the Indian middle class and its impact on the labor market. IZA Institute of Labor Economics. https://docs.iza.org/dp15410.pdf

Eggimann, A. and Kendzia, M.J. (2022) Rise of the Indian middle class and its impact on the labor market. Bonn: IZA Institute of Labor Economics. Available at: https://docs.iza.org/dp15410.pdf.

A. Eggimann and M. J. Kendzia, “Rise of the Indian middle class and its impact on the labor market,” IZA Institute of Labor Economics, Bonn, Jun. 2022. [Online]. Available: https://docs.iza.org/dp15410.pdf

EGGIMANN, Andres und Michael Jan KENDZIA, 2022. Rise of the Indian middle class and its impact on the labor market [online]. Bonn: IZA Institute of Labor Economics. Verfügbar unter: https://docs.iza.org/dp15410.pdf

Eggimann, Andres, and Michael Jan Kendzia. 2022. “Rise of the Indian Middle Class and Its Impact on the Labor Market.” Bonn: IZA Institute of Labor Economics. https://docs.iza.org/dp15410.pdf.

Eggimann, Andres, and Michael Jan Kendzia. Rise of the Indian Middle Class and Its Impact on the Labor Market. IZA Institute of Labor Economics, June 2022, https://docs.iza.org/dp15410.pdf.