He breaks it down ruthlessly: a ₹50K monthly salary eaten up by ₹20K rent, ₹10K EMIs, ₹5K in weekend splurges—and barely ₹1K ...

The cities hit hardest by shrinking affordability were the ones already under pressure: Hyderabad saw a 69% drop in ...

Three years later, in 2018, the Economist ran a piece titled India’s Missing Middle Class, cautioning global brands that a billion-strong population doesn’t mean a billion eager spenders.

Among those who assess themselves as poor, this threshold is ₹ 53,000; among those who say they are the lower middle class, it’s ₹ 78,000; among the upper middle-class, it’s ₹ 1 lakh ...

A 2021 Pew survey estimated that India’s middle class, defined as those earning $10-20 a day, had shrunk to 6.6cr, highlighting the precarity of this group. This isn’t too far from the tax ...

According to him, the data tells the story. For the low-income group earning under ₹5 lakh a year, income rose from ₹2.4 lakh to ₹3.6 lakh, a compound annual growth rate (CAGR) of 4.0%.

People earning below 4LPA are Low income group. 4-8 lower middle class,8-12 middle class. 12-15 upper middle class. 15-20 upper class. Only one person earning 12L in a family of 4 should be ...

Are differences within the middle class, in income, education, and cultural and social capital, so wide as to render moot any ideological or behavioural coherence to this group?

The centre's pro-poor policies of today will help create a massive middle class population in a few years, which will drive the economic growth of India, Prime Minister Narendra Modi said at the ...

Calling the Indian Railways a vital public utility, CM Stalin emphasised that it should remain accessible and affordable to ...

That will provide a consistent rise in the income of poor and middle-class families and avoid debt trap," said Gupta. India must curb personal loans except housing and educational loans.

Key takeaway from AAP’s Delhi disaster: Low-income, non-poor groups are ideology-free when voting AAP’s defeat in Delhi presents a clear irony. A party led by middle class activists and driven ...