The middle-class (Annual household income is from Rs. 5,00,000 to Rs. 30,00,000 at 2020-21 prices) forms just 31 percent in 2020-21 of the total Indian households its share of total income is nearly half of the income and expenditure and saves more than a quarter of its income. The growing clout of the Middle Class becomes even more apparent when one looks at the ownership patterns of household goods. Nearly 58 percent of all cars are owned by the Middle Class, compared to just 23 percent by the rich. Similarly, 49 percent of all air conditioners are owned by Middle-Class homes.