New Delhi December 1. According to UPI, "India will emerge as the world's largest consumer market early in the next century, a global business research group said Thursday. Once fully open, India will turn out to be the largest consumer market and will also transform into a major global player', the Center for Global Trade and Development said. After more than four decades of a socialist-styled economic planning, New Delhi has ushered in a range of sweeping economic reforms aimed at attracting foreign investment. As a result, a vast middle class with significant purchasing power has been emerging in India over the past few years. And according to the survey, the United States and Europe will grow increasingly dependent on Indian consumers. 'In such a situation, Asians can live without the United States or Europe, but the latter cannot afford to live without the booming Asian markets', the research group said. The group predicted Asian markets would grow to a size larger than that of the North American market

s of the United States, Canada and Mexico or the European Union. India in recent years has become an increasingly important player in Asian business relations and will continue to grow stronger if New Delhi maintains its economic reform program, the research report said. The Center for Global Trade and Development, an independent global research group monitors the economic performance of more than 220 countries". (EuroTibet News N·6)