ET Interview: India’s aspirational middle class gives it demographic edge, says Verlinvest CEO Roberto Italia
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Verlinvest CEO Roberto Italia said India’s aspirational middle class and young population provide a unique demographic edge.
- ✓The firm plans to invest 1 billion euros in India over five years.
- ✓"A very substantial proportion of the Indian society is becoming or has the ambition to become middle class," Italia said.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Synopsis
India’s expanding aspirational middle class and young population give the country a demographic advantage and strong consumption potential, Verlinvest CEO Roberto Italia told ET. The Belgian family-backed investment firm plans to deploy euro 1 billion in India over five years, targeting consumer sectors including healthcare, fitness, entertainment and digital content.
Mumbai: An aspirational middle class that does not shy away from spending and understands the importance of education gives India a demographic edge like no other economy, said the executive who manages 2 billion of assets for a few Belgian families that are long-standing shareholders of the largest beer group in the world, AB Inbev.
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The Economic Times
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