In a scathing LinkedIn post, founder of Tunerlabs, Shyam Achutan, painted a grim picture for the Indian middle class in the ...

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 ...

Today, many people in the middle class are busy trying to look rich, rather than actually becoming rich. Costly gadgets, ...

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 ...

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 ...

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 ...

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%.

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 ...

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 ...