Tag Archives: growth of middle class

Myanmar: Potential Low-Cost Vehicle Market

After half a century of isolation, Myanmar has finally opened up its market. It is a big country with a population of 51 million, strategically located between India, China and Thailand, with GDP growth of 8.7% in 2014—this growth is expected to be in a similar range until 2019. Myanmar has favourable demographics—over 50% of the population is below 27

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