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Indonesia's Middle Class Comes of Age

From FT.com

Dini Shanti, a web marketer, struggled for years to pay the rent and put food on the table for her two children.

Yet in the past 24 months she has moved into a new home, bought her retired father a car and begun paying into investment funds and a life assurance policy.

Her rapid climb to financial security was, until recently, a rare story in Indonesia, a young democracy of nearly 240m people and one of Asia’s fastest-growing economies. But in the coming decade, more than 60m low-income workers are poised to join her in what will be the coming of age of Indonesia’s middle class.

That projected boom will also make Indonesia - already a member of the Group of 20 nations and the largest south-east Asian economy - the fastest-growing consumer market after India and China. Big retailers, banks, carmakers, insurers and consumer goods producers are tapping the growth, posting record profits this year.

For complete report, visit here

Comments

  1. Belly Surya Candra Orsa9:02 AM, December 23, 2010

    Great Blog..!!!! Keep Blogging.... :)

    ReplyDelete
  2. redhy2:28 PM, December 23, 2010

    nice blog ,,..hope i'll get a lot of information on your site..
    regards

    ReplyDelete

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