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Report on India’s middle class raises a storm

he middle class, considered to be the backbone of the economy, has also not seen its standard of living rise as expected, according to a report in The Economist.

January 15, 2018 / 10:04 AM IST

India’s rise and growing heft in the global economic stage has forced the world to take notice. But with rising incomes of Indians, the gulf between the rich and the poor has also widened. The middle class, considered to be the backbone of the economy, has also not seen its standard of living rise as expected, according to a report in The Economist.

The articles on India’s middle-class can be read here:

https://t.co/AqeEwACscD

https://t.co/V4DywoVn3P

In tweets, Stanley Pignal, Mumbai correspondent of The Economist, pointing to a hallowed version of the country’s progress on the economic front.

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Sourcing data from globally reputed organisations such as Credit Suisse, Pew Global and Carnegie, few Indians are part of the global middle class in terms of income, but many consider themselves middle class nonetheless.

Here are some of his tweets related to that topic:





first published: Jan 15, 2018 09:47 am

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