India's Phytonutrient Report - Executive Summary

Abstract

India is one of the fastest growing economies in the world. According to the International Monetary Fund (IMF), India will outgrow China (growth projected at 6.3 per cent) with a GDP growth rate of 7.5 per cent during the period of 2015-16. With a middle-class population of about 23.6 million people, India ranks 8th among 215 countries in terms of the number of middle-class adults in 2015.1 McKinsey & Company (2007) predicted that if the Indian economy grows at 7.3 per cent between 2005 and 2025, the share of the middle class in the population will increase from 5 per cent to 41 per cent, and it is this group that will drive future demand and consumption patterns in India.