According to a survey there are 40 milliion middle class family in india and according to NCAER middle class family will be 267 million in next five years
Deja Vu, 1992
I became a national sport of exaggerating the size of India’s middle class. In the first magazine cover story published in the US in 1992 on India’s economic reforms,
I quoted from the National Council of Applied Economic Research(NCAER) survey that India’s middle class was between 100millionand300million.
The then managing editor of Fortune magazine, Marshall Loeb, was still synonymous with poverty,
with the story of a fast growing middle class mimic in a country. For my story, Loeb coined a title that read, “India opens for business: the world’s largest middle class dodges foreign investors.”
The article quoted NCAER data as saying that the lower middle class has an annual income from $ 700 to $ 1400.
Radio and soap accounted for 75% of unit sales and between a third and half of all shampooand TV sets.
We present that there are many middle classes in India(Ishwaran Sreedharan of the University
of Pennsylvania Institute of Advanced Study of India was the first to use the word ‘middle class’ in the plural).
Given that the ratio is above 11.7% in 1999, the current size of India’s middle classes may be 40% of the population.
Interestingly, contrary to the belief that India’s middle class is primarily urban, the rural middle class is 13.7%,
The rural-urban distribution of middle class family in india
The largest category. Trader Middle Class- Rural and Rising Middle Class – Combining Rural, the total size of rural middle class is 2 / 3rd of India’s total middle class.
Essentially, there is no difference between-
The rural-urban distribution of India’s middle class and the rural-urban distribution of the overall population. The economic demographic of rural India is no different from urban India.
Of the many middle classes, three — the rural middle class, the rising middle class and the urban private middle class — deserve special attention.
The large rural middle class is clearly disguised: because of this blind location there is little understanding about their status,
preferences or politics, especially their differences with the rural poor.
The personal and household income limits are regularly used to define the middle class. As an economy grows wealthier and personal incomes over a period of time, many people usually move and cross borders and join the middle class.
But some new studies are now throwing more light on the puzzle of India’s middle class.
In their paper, economists Sandhya Krishnan and Neeraj Hetkar conclude that 600 million people, or more than half of India’s population, belong to the middle class.
Economists have used an income threshold that defines middle class people as $ 2 (£ 1.52) to $ 10 per day per person,
costing 1993 purchasing power parity (PPP) dollars. (Purchasing power parity enables you to compare how much you can buy for your money in different countries.)
They have broken the middle class into two parts – the lower middle ($ 2- $ 4 per person per day) and the upper middle (surviving at $ 6-10 per person per day).
Using this limit, Ms. Krishnan and Drs. Hetkar found that the new middle class is more diverse – traditionally, the Indian middle class has dominated the upper castes.
He argues that the lower middle class has encouraged a growth in numbers. A large number of them are engaged in work such as farming and construction, which the poor have traditionally done. They now make up more than two-thirds of the middle class, according to the study.
Ms. Krishnan and Drs. Hetkar told me in an email interview, “The composition and character of the new Indian middle class is truly unique because it now contains people who are not generally considered to belong to the middle class.”
10 to 06
By the way aaj hum baat karege where stand middle class family in india
you know middle class family jada private job pe hi depend hote hai jiske karan ye trap ho jate hai-10AM-TO-06PM
but agar baat kare to hamara economy ko maintain rakhne mein in logo ka bahutt hi bada yogdan hai
MINDSET Of Middle Class Family In India
but dukh ki baat ye hai ki in jaise logo ko govt ignore kar rhi hai
aur ye chah kar bhi kuch bade kadam nhi utha pate hai because ye darte hai-
ki agar mai fail ho gaya to mere saath meri family bhi barbaad ho sakti hai.
but aisa nahi hai ki inke pass idea business ideas nhi hai inke pass business mindset nahi hai
but problem ye hai ki inke pass utne paise nahi hai jitne ki ek fully successfull business set up karle.
aur agar ye apna business proposal kisi bank ya phir kisi investor ke pass leke jate hai to inke samne-
-itna term condition rakh diya jata hai na ki utna inke liye face krna almost impossible sa ho jata hai.
EDUCATION of Middle Class Family In India
Aur middle class family log mein ye bhi problem hai ki inke pass higher education nahi hota hai
jiske karan ye high profile ka job nahi kar pate hai aur educated hone ke karan low profile ka job karna nahi chahte.
Jiske karan ye na to aage badh pate hai aur na hi picche rah pate hai.
but ye log apna ek routine bana lete hai subah uthna hai fresh hona hai.
you know middle class family me aise bahut hi kam log hote hai jo morning mein apne family ke saath ecxercise karte hai.
But some are middle class family in india is well mature.
Jaisa ki aap photo me dekh sakte hai insaan ko vegetable purchase karte hue ye wahi middle class family hai jo apne liye shopiing karna sayad bhul jaye but vegetable lena kabhi nhii bhulta.
And you know middle class family mei bhale hi lakh problem ho but ye apne family ko ye realise nhi hone dete kabhi kyu ki inke liye ye family hi sab kuch hai aur salaam hai aise guardian ko jo khud ke pass chahe kitna bhi problem kyu na ho wo hamesha apne family ka saath rahte hai kabhi unko sad nhi hone dete.