Policy brief 2024

Economic Recovery of Indian Households Post-COVID: Exceeding Expectations Yet Challenges Remain

Rajesh Shukla

This research report investigates the post-COVID economic recovery of Indian households, focusing on income distribution across different socio-economic strata. Utilizing data from the PRICE’s ICE 360 surveys, this study explores income trends from pre-COVID (2016), during COVID (2021), and post-C   Read more

Policy brief 2023

Mapping the New Economic Geography of India

Rajesh Shukla , Adite Banerjie , Asha Sharma

India, the world’s fifth-largest economy, is undergoing a significant economic transformation characterized by rapid growth, shifting consumption patterns, and evolving regional economic dynamics. Projected to expand from a $1.87 trillion consumer market to a $5.16 trillion market by 2031, India i   Read more

Policy brief 2023

Understanding India's Middle Class to Drive Growth and Business Opportunity

Rajesh Shukla

This report explores the critical role of India's middle class in driving economic growth and business opportunities. With a substantial portion of the population falling into the Middle-Class category, their income, expenditure, and savings significantly impact the national economy. However, this s   Read more

Policy brief 2023

The Expanding Indian Middle Class

Rajesh Shukla

India's economic and social landscape is on the verge of a profound transformation, driven by the rapid expansion of its middle class. By 2047, the centenary of India's independence, the middle class is expected to become the dominant income group, reshaping the nation's economic, political, and soc   Read more