—because if you multiply anything by 1.22 billion people, it's a big number. I've heard that anywhere between 250 million and 300 million people are in what India refers to as the middle class. I'm not entirely sure it's the same definition as ours, but affluent consumers number 25 million and they can afford whatever they want. I heard an Indian minister comment that the year before last, they added the population of Australia to the middle class, so it's rapid growth.
On November 27th, 2012. See this statement in context.