Citizen Environment News Today

Air Travel Trends: Indias Rising Importance in the Global Passenger Market

Globally, the middle class is already the largest spender. India is expected to become the fourth largest global spender on travel by 2030, and by then the middle class, with increased purchasing power, will make 47% of its population, say reports by Booking.com-McKinsey & Company, and People Research on Indias Consumer Economy-Indias Citizen Environment (PRICE-ICE), respectively.

Unlike the export-oriented economies of East and Southeast Asia or investment-driven China, it is domestic consumption that has powered India’s growth.

India has jumped from sixth to first place among emerging economies tracked by Morgan Stanley Read Full Article at RT.com

India will see a five-fold increase in its 'super rich' families by the turn of the decade and a large chunk of the growth will come from rural areas - home to the nation's poorest, according to a study.

The size of Indias middle class will nearly double to 61 per cent of its total population by 2047, from 31 per cent in 2020-21, as continuing political stability and economic reforms with a sustained annual growth rate of between 6 per cent and 7 per cent over the next two and half decades will make the country one of the largest markets in the world. The findings are part of a report released on Wednesday by the People Research on Indias Consumer Economy (PRICE) and Indias Citizen Environment, ...

PRICE report: The strength of the middle class is expected to rise from 432 million people in 2020-21 to 715 million (47 per cent) in 2030-31 to 1.02 billion of India's projected population of 1.66 billion in 2047

Demolition of the Detroit Incinerator, which was a source of air pollution and health concerns for nearby residents for 30 years, is slated to begin next month and finish by the end of the year.

January 15, 2021 A survey by the National Payments Corporation of India (NPCI) found that at least 80% of households now use digital payment apps like Paytm, Google Pay or PhonePe and over half of them use the Unified Payments Interface (UPI) for payment transactions. The survey says that 36% of the households surveyed have used digital payments for the first time during the COVID-19 lockdown that was put in place between April and May 2020. The survey, conducted by the People Research on India...