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

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

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

The BJP touts the success of the Digital India initiative under Prime Minister Narendra Modi, countering Congress criticisms ...

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

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.

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 ...

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 ...

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 ...

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 ...