Upper Middle Class Annual Income In India

More than 32 of the comfortable middle class and more than 23 of the upper middle class are located in rural india.

Upper middle class annual income in india. Up to 95 of india still qualifies as poor or low income the vast. Minimum salary of 12 lacs ctc before taxes. 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.

Enter your monthly household income below click the submit button and find out. According to the pew research definition if the middle class has an upper range of 1 232 and one converts it to a daily income threshold then this works out to an upper threshold of 3 5 a day. The rest of the country of course is made up of the lower class and upper class 29 of the country falls into the lower class with a median income of 25 624 as of 2016. A look at india s break up based on these parameters would leave you asking where that celebrated middle class actually is.

India accounts for 3 of the global middle class with 23 6 million people. This figure is expected to grow up to 140. There may be a surprise in store for you. As of 2016 about 121 million households in india belonged to the middle income bracket earning a gross annual income between 7 700 to 15 400 u s.

The median income of upper class households was 187 872. Subscribe to mint newsletters enter a valid email. Going forward even if half of the lower middle class make the transition to upper middle or middle income we could be looking at a middle class market of approximately 350 million indians.