Millions are knocking on the doors to join this richie-rich bandwagon and they are spread all over the country. RICE’s report ‘The Rise of India’s Middle Class’ captures this unprecedented rise of wealth and offers pointers for the future.
A stronger and more secure middle class is crucial for continuing India’s upward trajectory. A massive shift towards a middle-class society is already happening in India.
India has been evolving as one of the world’s most dynamic consumption environments and is expected to maintain steady, sustainable economic growth in the years to come.
An overwhelming majority, 87%, of people living in metros belong to the top two quintiles of India’s income pyramid but even the richest among them consider themselves ‘middle-class’, says ICE survey
Nearly thirty years after India’s Middle Class rose to a considerable size, the decade of 2020s is witnessing an exciting new trend...
A majority of Rich India considers itself to be middle class; a third of those actually in the middle of income distribution pyramid consider themselves to be poor...
The low penetration of health insurance and high health costs expose Indian households, especially those at the bottom of the pyramid, to severe financial shocks, according to fresh...
Just as non-cash shouldn’t mandatorily be imposed, neither should cash. Why has this not figured on a reform agenda between 2004 and 2014, or much earlier?...
This is the season for quoting, and misquoting, Keynes. “When the facts change, I change my mind. What do you do, sir?” This is attributed to Keynes, though there is no actual evidence Keynes ever said, or wrote, this...
The discussion on the fall in employment after the November 8 demonetisation relies on anecdotal evidence. It is not backed by data...
For measuring the material well-being of bottom of the pyramid households, we need to follow an approach that takes into consideration both their income & expenditure...
While the government has announced a number of big impact schemes, the focus should now be on creating linkages between various departments and roping in stakeholders with different types of expertise...
