Middle Class

We still call ourselves middle class even when we’re not, passing on thrift as virtue, annoying our children with nostalgia, and forgetting that mindful abundance can honour our past better than self-denial ever could

A landmark Budget for growth and middle class empowerment

There is a compelling need for further simplification of personal income tax, specifically in adopting a more streamlined three-slab system in place of the current complex structure, writes Mohandas Pai

India Inc raises concerns about growth, wages and demand

Slowing demand, shrinking middle class, inflation and hope for a better year-end dominated the minds of CXOs in their assessment of the Indian economy.

Investor says Rs 25 lakh salary falls short for family of 3, breaks down costs. Backlash follows

Sourav Dutta's comments prompted a strong response from social media, who feel that Rs 25 LPA remains a respectable salary, depending on factors such as location, industry, experience, and lifestyle.

Tax relief for middle-class, salaried will help increase consumption patterns: Marico MD

The key expectations from the full budget of 2024-25 include a continued emphasis on rural development through investments in infrastructure and employment, bolstering agricultural activities to enhance rural income, Marico Ltd MD & CEO Saugata Gupta said.

Indian tourists future growth engine for global tourism: OECD

Rapid expansion of the middle classes and scaling up of air connectivity in India a major factor

Budget 2024: Middle-class housing scheme to follow interest subvention model

State-run housing finance company HUDCO to be one of the nodal agencies for the scheme

Affordable housing scheme to be launched for middle class, slum, chawl residents: FM Sitharaman

Interim Budget 2024: FM Sitharaman also mentioned in her presentation a significant increase in the real rate of return on investments between 2014 and 2023, attributing the growth to effective inflation management strategies implemented during this period.

Outlook 2024: Global macros, India growth story & the current bull run | Neelkanth Mishra Exclusive

India’s GDP growth has been way stronger than expected in Q2 while India continues to be the fastest growing large economy in the world. India’s growth resilience, macro stability and strong domestic fund flows have ensured that Indian stock markets remained buoyant through 2023. As we get into 2024, the positive continues on expectations that the present administration will get re-elected in the upcoming General Elections and the Fed will start cut rates in the middle of year, triggering a fresh bout of buying by foreign funds. What could be risk-rewards in 2024? Neelkanth Mishra shares his take.

AI will hollow out the middle class | Policy Talk

In this episode of Policy Talk we have the best-selling author Sangeet Pal Choudary talking to K Yatish Rajawat, founder of the Centre for Innovation in Public Policy on how the AI platforms have taken over the world and how can public policy rein them in.

Explained: How the middle class will drive India's economy

India’s middle class in the next twelve years will drive India’s economy. In this video, we explain India’s growth story, and how the rising population will drive India’s workforce. According to the PRICE ICE Survey Indian middle class currently represents 31% of the population. By 2031 it’ll represent 38% of the population. And by 2047 the percentage will rise to 60%. But how? Watch this video to understand. Source: PRICE ICE Survey

World Population Day: Middle class vs super rich in India | How rich do you have to be?

Middle class form the backbone of the Indian economy, but growing even faster are the ‘super rich’ category, more importantly households from India’s villages which are growing at a faster pace than households in metro cities. But as the saying goes, while the rich are getting richer, the poor are getting rich too, with the number of destitute going to reduce by half by the time we turn 100. World Population Day 2023.

Over 1 bn Indians to make up the middle-class when India will turn 100, finds PRICE survey

PRICE, or People Research on India's Consumer Economy, founds in its latest survey that India's rich would make up nearly a third of the population in 2047

The gaps in the India consumption story and how to fix them

We are a large population and our per capita rank relative to others is still very low; our education levels modest; our work profile for many are meagre and backbreaking and living conditions are poor. That’s the broken thing we need to fix, says noted thought leader Bijapurkar

Budget 2023: Top 5 announcements for the middle class

Finance Minister Nirmala Sitharaman's Union Budget 2023-24 made five major announcements for the middle class with respect to personal income tax. These announcements, from income tax rebate to leave encashment exemptions, will provide substantial benefits to the middle class

New income tax slabs, hike in rebate: 5 big personal income tax changes in Budget 2023

All the major Budget 2023 income tax changes that were announced by Finance Minister Nirmala Sitharaman today

Budget 2023 | Standard deduction raised to Rs 52,500

The increase in standard deduction, by Rs 2,500, comes at a time when household expenses have risen sharply due to inflation.

Budget 2023 likely to focus on middle class, income-tax relief expected

The Union Budget 2023 may introduce a new I-T slab at Rs 8-10 lakh with a rate of 10-15 percent, a CNBC TV-18 report has said

Who belongs to India's middle-class anyway?

Finance Minister Nirmala Sitharaman's recent comments about the Indian middle-class has sparked talk about this famed category of people. But just who is a member of the Indian middle-class?

Budget 2023: From hike in tax exemption limit to job creations, here’s a what middle class is expecting | In Pics

The government is in the process of finalising the Budget document to be presented on February 1. Ahead of the Union Budget 2023-24, Sitharaman said she identifies herself as middle class and also understands the problems faced that section of the people.

Budget 2022 | Much to frown upon beyond middle class' disappointment

The budget left those hoping for some tax relief hanging. But what of those who truly needed more relief in these difficult times?

Budget 2021: Income tax slabs unchanged; here's how Twitter reacted

The salaried middle-class taxpayers, who had pinned their hopes on revised tax slabs expecting some relief especially after COVID-19 distress, was left disappointed as FM Sitharaman made no change to the personal income tax slabs.

NBCC as Amrapali homebuyers’ saviour sets a bad precedent

The NBCC appointment has more questions than answers. It’s a throwback to SBI’s beast of burden role

Expert Take | Lovaii Navlakhi's view on Budget 2019

Lovaii Navlakhi of International Money Matters tells us that Budget 2019 was a good balance of populism while maintaining fiscal prudence, though fiscal maths is questionable.

Tax breaks for middle class, boost for farm income: 10 takeaways from Budget 2019

A populist budget on the face of it raises more questions than answers