Upper Class Family Income In India

Pradeep gaur mint the anatomy of india s middle class 1 min read.

Upper class family income in india. 24 apr 2019 12 31 pm ist nikita kwatra. A look at india s break up based on these parameters would leave you asking where that celebrated middle class actually is. Overall members of this class are also secure from economic down turns and unlike their counterparts in the statistical middle class do not need to fear downsizing corporate cost cutting or. While middle india households are gaining education they still lag behind those at the top.

Contrary to the assumption that the middle class is an urban. The indian middle class constitutes 300 350 million of the population. One of the reasons for this different experience is partly due to faster overall wealth growth in china and partly because the populous mid portion of the chinese wealth distribution is moving into the global middle class whereas it is still far from doing so in india. Middle india s household income is barely keeping pace with expenses and their job security is closer to that of poor india.

In 2019 the poverty line reduced further to about 2 7 and india no longer holds the position of the nation with the largest population under poverty. The standard of living in india varies from state to state. A family of 4 which can buy and maintain a car in the c2 segment such as honda city. They have an in hand income of roughly 75000 a month.

In addition to having autonomy in their work above average incomes and advanced educations the upper middle class also tends to be influential setting trends and largely shaping public opinion. Image caption india s rising upper middle class has substantial disposable income the ongoing economic slowdown may have already hurt many of them as jobs are lost and wages shrink in sectors. They manage to save for a decent retirement and kids wedding. India added 6 7 million adults to the middle class over these 15 years and middle class wealth rose by 1 2 trillion.

Up to 95 of india still qualifies as poor or low income the vast. There is significant income inequality within india as it is simultaneously home to the some of the world s. There may be a surprise in store for you.