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Appendix - Projected growth in Asian middle class
。 The increase in absolute numbers or rate of growth over
the next decade of people defined as middle class is
concentrated in China and India.
。 By 2030 the growth in the middle class in the Asia Pacific is
estimated to increase the regions total share of the global
middle class from 54% to 65%.
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FIGURE 1. PROJECTION OF CHINA'S URBAN HOUSEHOLDS BY INCOME GROUPS
350
300
88 percent of the next billion entrants
into the middle class will be in Asia
By 2030, Asia could represent 2/3
of the global middle class population.
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380m
in INDIA
350m
in CHINA
210m
No. of Urban Households
250
200
150
100
50
50
T
0
2013
2015
2020
2025
2030
Low Income
Lower Middle Income
Middle Income
Affluent
in rest of ASIA
Source: ANZ Research
130m
in rest of the WORLD
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