Are You Actually India’s Middle Class? | See What The Data Says
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- Опубліковано 3 жов 2024
- Do you count yourself amongst India’s middle class? Every other person in India identifies themselves as part of the middle class. But that couldn't be further from the truth. According to data, 95% of India still qualifies as poor or low-income. Where does this leave India’s middle class? Find out in this video!
#middleclass #economy #population
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If Nirmala Sitaraman is middle class then I must be Brad Pitt.
First rule of fight club is ______________________
And I'm Angelina jolie
GG
Bhagwan aisa middle class sabko banaye
@@yogeshselwad 😂😂
Came here thinking I was middle-class.
Found out I'm lower-class. 🙂
Us bhai us
Oh really!lower class and Still you afford to buy a phone and recharge to comment
@@User_zxyajk yes lower class can afford it
@@User_zxyajk Mobile is the basic need of today even poor people have Mobiles
₹700 max day? Which is like 16k a month unless you work everyday. It's funny I have cousins who gets $50k month salary and complain they don't have money for certain leasure activities
In India, the term middle class is used as a shield to pose innocently in front of commoners!
exactly
yes everyone want to claim themselves as middle class.. even people who earn 2 lakh per month
गजब का दिमाग है भाई!
Even in the states and the uk. The point is however, unless you're earning more than 60 lakhs a year luxuries like a luxury car and expressive European clothing are also out of your reach
@@jeniljebajosin5967 that's still upper middle. You can't do much besides feed yourself pay rent and occasionally order pizza
Bro had 7 minutes and didn't even define what middle class is
Current middle class is different than what we used to be
He did define it, as per the movies middle class is the one who runs the country with the hard earned money obviously the major tax payers but in reality its not that simple middle class is someone who gets played by the ones both above and below them in terms of both money and power, they are the helpless ones
45000 per month per person is a middle class
This is called book worm
@@kshitizavasthi5804seriously? Fk I'm not even in middle then
Hm, 700 to 1500 rupees per day. Meaning 21k to 45k monthly income. For a family of 4, it would mean that a monthly income of 84k to 180k would classify as middle class. No wonder the % is so low... Most families will stay in low-income until their children begin earning. And if their children get good jobs, then they could skip the middle inccome and directly enter upper-middle income.
I guess, in Indian context, low-middle, middle and upper-middle income categories are all considered as middle class.
Most are lower middle class which means even a small problem in financial and economic stability can ruin them to poor ......u did see what happened after covid ri8?
@@manojramesh4598 not really. No one in my neighbourhood suffered with anything other than the obvious inconveniences of the Lockdown and a deadly virus and majority of them are in the Low-income group.
In fact many got richer as they invested in the stock market at the right moment.
@@devilhex2802 u r talking about neighborhood may be u r in rich areas ........u didn't see the people who are working in factories, slums, city borders and Street and how they suffered during lockdown.......... people become rich not because they invested in right time but the pandemic had lot deman on digital content.......so rich got richer......poor got poorer........ nobody invests in poor .......
@@manojramesh4598 dude, I said most in my neighbourhood are low-income (according to this video). Though they should be close to the middle income mark.
And yeah, I can guess that construction workers and people in similar jobs would have suffered as all those works were put on a halt. But I didn't see any of them (which was your question).
As for investment, I could pass a mean comment, but instead I'd recommend you to do a proper study on how to invest properly. It'll benefit you a lot. Once you learn it, you will understand why people who got into the stock market during the crisis made a lot of money (irrespective of their income class). Of course, the money they made is directly proportional to the amount of money they could and were willing to risk to put in. So they didn't earn in crore, but earning a few lakh rupees in the stock market in an year is still very helpful for people like us. (PS : Since its the stock market, of course many also lost money. These were people who invested before the pandemic and quit during it).
@@devilhex2802 that is what I'm saying......the middle class video is not only about ur neighbour .......its about whole country........ Stop comparing all the people in the country with neighbourhood.........as u r saying "no one in my neighborhood really suffered....." as i was replying the problem of the lockdown for the whole country middle and lower middle class
I'm from poor class, my family can't even afford daily necessary food and it's so sad. Being the oldest brother stuck between dream and necessity, life is hell. Still Never give up no matter what
God bless you bro may your suffering end .Don't give up .God bless you
but mobile jarur hai
@Bharani Bharani but bro hum kya kr skte h, vo to parents ki galti h
@@kislaysingh3446 bhai bhot mushkil se kharida h bhot arrangements krke. Bhai apko ye pta h mere pass mobile h lekin ye nhi pta ye aaya kaise h and kitne saalo baad
@@LEGEND-ep7ip mai bhi kabhi esse jayada garib hua karta tha ,,,,,,, padhle le bhai ,, ye sab video baad mai dekh lena nhi to pachtana padega
In India there are farmers who make crores or more than 20 lakhs per annum but still hold bpl cards and pay no taxes.
Those farmers I assume are jumping ship and bringing their money to COLONIAL countries
A very few of them . Use that word
@@maxondias9213 few as in 100s? 1000s or lakhs?
@@rajendervallapureddy1564can you show any data? An average farmers earners less than 10-12k a month
@@eshankhotFake data In my village everyone have car house earning lakh but still getting bpl and free ration
Instead of considering adult income, they should use family income to determine size of middle class.
There are no facts........27 lakh per year is too much, you can atleast buy a apartment home of 2bhk...........you would atleast have several crores of rupees in 10 years and life is settled........this lifestyle comes under lower rich people or people who can afford more than basic necessities............. middle class are those who can afford basic necessities but not a luxury life than the person who earn 27 lakhs per year....... middle class are considered between 2 lakh per annum to 10 lakh per annum............most Indians falls under lower middle class which means more than half of the country earn less than a lakh per annum........our country average GDP per capita not even more than 3 thousand dollars (2.4 lakhs) per annum.........most of these people save money sometimes sacrificing basic necessities for a day to Live and feed their family members everyday........... if people consider 27 lakh per annum salary person is also a middle class then they are fooling people or they are foolish themselves........i don't know what their agenda or goal is but this video has lot of misinformation.....
@@manojramesh4598 true
They said per capita
@@manojramesh4598 they didn't say that FM is actually middle income or middle class, they showed what she said
@@manojramesh4598 You didn't understand the video even a little bit. They didn't say FM is middle class. Only FM claimed that.
$2 in US is very different from $2 in India.
Yes $2 in India is like $20 in USA
That has already been taken account of.. It's calculated for PPP in India... Plus in America if u hv to be middle class then the line is 37$/ day
Everyone knows that, that is why middle income is so low. 80 crores of the Indians cannot even afford food and are dependent on Government.
@@chethanshajan9047 Considering the PPP in India is not enough. Cause the PPP in metropolitans like Bangalore is lesser than that in small towns like Ranchi, Bhilai etc. and much lesser than that in villages.
@@ayushsahu315 u can apply the same argument for any country living in NYC is far more expensive than scranton
Please start giving more importance to assets and household income. Also, more reports can be made based on expenses rather than income. India might not have many high-earning individuals in white-collar sectors it has a lot of small business owners who earn a lot. The real estate market and land ownership should also be explored.
Yes but they suck more out of the economy rather than giving. So might as well ignore them.
To enjoy a coffee in star bucks, you wont sell your assets right? so that's why asset or wealth don't qualify to judge income classes. Because liquidity drives everything. Many people has got property in heritage but if they are failed to earn good income. Eventually they lives a very poor lifestyle!! We can see many such example in our society!!
exactly if salaries are operated on cost to company basis then employers should also be expense basis which should include opportunity costs such as forgone income due to pursuit of some education etc
@@riteshsingh118 But own home and rental properties do increase a person's lifestyle, not having liabilities enables you to have more disposable income. Also if you have land values which have seen sharp appreciation you probably won't take loans for any major life decision but sell some of the land. Many income is not directly visible but does help a lot in making your life more comfortable.
@@soubhikdutta6184 True, I agreed with you. Income is important, the source is irrelevant if it is active or passive. But people having good rental income shouldn't be considered a lower income group.
Well almost all these studies are false to a large extent especially when about India. A large part of the economy is still informal and so the actual money earned by a LOT of people are misrepresented. I knew a chai walla in Pune who lived his life like a low income individual ( small house where he and his 3 employees slept) but he was earning around 3 to 4 lakhs per month. He has 3 daughters two of whom became doctors and he managed to send all of them abroad for studies. He still lives very modestly but earns a ton of money. There are lakhs of such people in India.
Many incomes aren't in books/ registered
That's a statistical outlier. Many have this 'I know one xyz'-syndrome. How many chaiwallahs are like him, do you think?!! There are at least 10-20 cr chaiwallahs in India, and the ones you know are barely 5000 among them!
True. But according to your own statement this doesn't put in much dent to the above video research. At the end as you said, there are "LAKHS" of people like this, which I also understand is correct. As there are many people who earn a significant amount from small businesses, still act lower middle class and don't pay any taxes.
The problem lies in aforementioned "lakhs". For easier calculation let's say it's a crore of the shrewd small business people who have small businesses but large income scales. Even with a crore people like this... they won't constitute to 1% of our countries population. And for every paan/momo/chaat wla that earns well in a city or an area, there are hundred counterparts to them who struggle even to make there's ends meet, whose population makes the majority chunk of our country.
So you're telling me a chaiwala earns 10 grands every day, ain't no way ain't no fucking way
Bro do you think the people whose job is to figure these things out and are reputed around the world to figure these things out well don't know what you just wrote in this comment?
It is taken into account 🥹
Middle Class ❌
Upper Poor Class ✅
Most of Indian wealth is hidden in real estate and gold...how many bungalows you see even in small towns .
There are no facts........27 lakh per year is too much, you can atleast buy a apartment home of 2bhk...........you would atleast have several crores of rupees in 10 years and life is settled........this lifestyle comes under lower rich people or people who can afford more than basic necessities............. middle class are those who can afford basic necessities but not a luxury life than the person who earn 27 lakhs per year....... middle class are considered between 2 lakh per annum to 10 lakh per annum............most Indians falls under lower middle class which means more than half of the country earn less than a lakh per annum........our country average GDP per capita not even more than 3 thousand dollars (2.4 lakhs) per annum.........most of these people save money sometimes sacrificing basic necessities for a day to Live and feed their family members everyday........... if people consider 27 lakh per annum salary person is also a middle class then they are fooling people or they are foolish themselves........i don't know what their agenda or goal is but this video has lot of misinformation.....
Do you have any data t back it
@@parthshukla545 gaand main daal le data . Bsdk jab khud hamne dekha hain India main ki log kitni wealth chupate hain toh data kya cahiye
It is just propaganda to help the congress party, bought to you by the Christians who run Moneycontrol and rediff @@manojramesh4598
assets are not income
The sabjiwala near my home would be considered a poor or low income person but his daily profit is 1-1.5k MINIMUM.
No reaserch can tell you how much money a lot of indians have in reality.
poor, if that is his household income also.
No he gets a profit of 40k per month . So that's basically his fixed salary@@vinsin328
Earning 30 to 40 k monthly makes you poor in cities and in small towns it makes you lower middle class
A totowala build a 3 storey building at our village. 😂
A chat wala own 2 buildings at Ranchi. 😂
You said what I had in mind for so many years. I applied at U of Maryland at College Park for my MBA, got Graduate Assistantship. I could not apply at Harvard or Wharton because they don't provide 100% funding. I didn't have money to buy plane ticket. Even that was paid for by Kachua Agarbatti owner's donation. I find it annoying when Indra Nooyi and Sundar Pichai call themselves poor. Poor people can't even think of applying at Wharton and Yale. This is because even if you get GA, you still have to fork out thousands of dollars.
In Sundar pichais time college education in the US was much cheaper
Poor people cant even do mba in iim etc
Kachua aggarbatti owner's donation is the expression of the year 😂
if u were smart enough you would have gotten a free ride in harvard or wharton😅
We all are relatively poor
What in China called poor class, In India it is middle class !!! It is not Quantity, it is quality matters .
Comparing a country with 30 years of development to one with 48 years isn't fair
I will say living with 700 rupees per day in a village is definitely above middle class.
You've obviously never seen a village. Prices of everything except home rent are the same as any city.
@@mananpandya1397 No buddy only different is MRP grocery.. food and fruits are very cheap in villages and towns and 2nd thing you don't need to travel long so it's reduces petrol expenses
@@mananpandya1397 Do you know the house rent in city ?
ya in village petrol diesel gas is produced from their farm ya
700 for how many family members
I believe the studies in Indian context is usually out of place. Unless we don't have a formal and set metrics to study's large informal sector of India, we will tend to ignore a major chunk of Indian population.
I am from Patna. It's a tier 2 city. I went to my hometown after 3 years. I saw changes. News malls coming up. Food joints are jam packed.
There's a area called yogipur in Patna. It has slums.
But it's just on paper.
It houses the "sabziwalas" who ser up their shops in Hanuman nagar of Patna.
Most of thr sabziwala have land or a house in Patna. And having a land or house is no joke in Patna.
Another indicator is growing crowd in aviation sector.
The Patna airport is more congested than ever before.
Patna airport is becoming more crowded just like Patna Railway stations.... It shows both educated and labour class of Bihar is going out of Bihar in search job
@@shreyanghosh758 Kuch bhi... 😂😂 As if there was no dearth of jobs previously.
GOI had to expand patna airport because of increasing footfall.
Bahut khub... Patna mein hi mumkin hai.
Dude our tenant stays cramped up here, but he has hectares of tobacco farms in Rajasthan & few havelis. His family is expanding at rahte of 4 children per couple and each is taking over local shopkeepers. And guess what? They employ kids from village, 17 year olds. Give them minimum wages and here eating up all local baniya business. Ab election ladhana hi baki hai
Problem is them bringing regressive culture to progressive states, the garbage after Chhat Puja or child marriage being promoted in Rajasthani families is too much
These studies don’t work in India as almost 90% of micro to small businesses file itr so low that they don’t fall in the tax bracket. Even if their income is far above the tax bracket they just don’t want to pay taxes. Also most tier-2 and 3 cities have cash driven businesses so it becomes easier.
Yep they don't even take UPI payment in order to hide their income from government.
Good for them! I pay hefty GST and ITR every year. govt gets a lot out of it and after moving crores from one pocket to another all I get for myself is less than 10LPA. It was easier and better when I had a job. And what does govt. give back in return? Daily humiliation by cops? Subhuman treatment by govt. officials?
Almost 90% of small businesses file low ITR because they don't make that much money. High revenue != high income.
The problem is India still charges too much taxes. There is income tax and sales tax. If you make 100 and have to pay 0, 5, 20 or 30 percentage tax depending on tax bracket. With remaining money, whenever you spend, there is sales tax you pay for goods and services. So even if you don't pay income tax everyone is paying sales tax, which can be a huge amount of spending. Typical gst is 18%. Fuel petrol diesel liquor etc have tax percentage greater than 100% which is ridiculous and bad governance.
Compare this to estonia or singapore. People have to pay much less taxes compared to how much they earn and spend.
Even a flat 20% like estonia for income and sales is much better. Those making 1L will pay 20k. Those making 10L will pay 2L. Both pay same rate of 20% but its fair to both low and high earners.
But in india those making more have to pay higher tax rate. Those making below 5L has to pay only 5%, but if you make above 5L suddenly you have to pay 20% tax. So the sacrifice required is higher. Similarly above 10L the tax rate is 30%. That is bad and unfair tax system.
Below 5L you can keep 95% to 100% of your income.
Between 5 to 10L you keep lesser than that. Rich has to pay even higher taxes than 30%. People can just leave india and move to a better country that charges less tax and offers more benefits in return. Europe has free medical care and their tax rate overall is less as they get such benefits in return. They don't have to worry about paying for surgeries or cancer.
@@hari4406No, they don't. Do you not know what tax brackets are?
Nobody in India pays 30 percent income tax. Literally nobody.
doesn't matter, the central knows how much money is in circulation, from that they can make a calculated guess.
False information.. this data is based on who files retuns..where as shop keepers don’t pay any taxes and buying Assets and cars etc
Do you know how GDP calculated and GDP per capita? India's GDP per capita income is 172000 including all billionaires and millionaires. India ranks 112 among all the countries in the world.
@@juliam1395 Gdp doesn't takes in account of informal sector
@@juliam1395 The data that is collected on GDP is at best speculation (when it comes to informal sector.)
Very good. Most of the people who think they're middle class are actually lower-middle class. Most of the population in our country is Lower-Middle Class.
I think people who have a car, or can purchase a car and can maintain it without much difficulty should only be called Middle Class
Sorry bro car aur uska maintenance ₹ 700 - ₹ 900 kamane wale bhi kar sakte.
Bro if you have a car then you are rich in India .
@@sudarshanmhatre5429
Petrol bhi aata hai usme, and maine without much difficulty bola -
So that means ki agar vo bnda chahe to daily office commute kr skta hai, 200-300 ka Petrol Dalwake.
@@karthikeyanm.v8381
Bro I used the word "Without Much Difficulty".
You certainly haven't seen rich people - Go someday and visit areas like Greater Kailash, New Friends' Colony etc if you're in Delhi. Otherwise you can see luxury hotels and marriage halls - These are for rich people.
First, we need roads to have cars.
I wish the Income Tax portal had an option to Identify myself as middle class and not pay taxes
I identify myself as middle class.
Ambani also identify themselves as lower middle class.
She identify real middle classs as ultra rich.
Govt revenue is increasing at a subtantial rate which means that indian middle class is also increasing at a substantial rate, there are many of my friends who don't even pay income tax but still has livelihood similar to mine
Your Friends? Among that 2%?
That's because of GST you Nimrod. Middle class are being over taxed.
@@Apache1970 you are talking as there were no indirect taxes before gst
@@Apache1970 before Gst, there was Vat tax. Which has much higher tax slab.. Idiot, check data
@@Apache1970 earlier you were kept in darkness about the indirect tax, now you are being told how much you are paying for the products through GST
Indian Middle Class is equivalent to being poor in most other Asian countries
I beleive the survey dint take into account all the black money and unorganised sector and unofficial earnings which most people don't declare in official channels and this type of income is significant in india. That's the shortcoming with these kind of surveys
These surveys do not consider a lot of official income also. Like your ancestral wealth, land prices. People in small cities living in joint families and with own house can live like middle-class even with low income.
Black money is money printing only.
There is nothing to do with a higher standard of living and industrialization
every Indian is middle class because we are Asians
Middle class is not about income, it is about mindset and values
Is it? If so, please give a lecture to a person who earns only 4000 rupees a month. If he complains about his low income, then you should shut him up. People like you are a disgrace to the country.
Could not be further for truth, without money mindset and values will not take anyone anywhere
Ye cheej kisi 5 star hotel me jake bol. Dhakke mar ke bahar nikalenge
Yeah sab moh maya hai 😅🤣
lol
Thanks to my father, I realise now that we fall under upper middle income category (₹4600/day). My actions or inactions could leave us in the poor class so I'm grateful to this video for hitting me with a stark reality check and refocus my attention towards skill and personal development instead of procrastination, video games, friends, alcohol and girls.
Is 1 lakh a month lower middle class or mid-middle class or upper middle class in India? My mom said it's probably lower
@@sushreeswain1554 It depends on various factors. Your age, the location you live at, do you have a partner/children to support, do you have any other passive income, do you own your home or car, do you go out much etc. The best thing to do is follow the 60-40 rule. Save 60% of your salary (invest it or keep it in the bank upto you) and manage your day to day in the remaining 40. You have to have a supportive partner for that though. Modern women won't take kindly I guess.
@@SS-yv9cqmodern women are dangerous af better to stay away
@@sushreeswain1554my in-hand is slightly more than the lower middle class amount that you quoted. I am 32 and live with my parents in Delhi in our own house. As of today, it doesn't feel like I am missing out on any essential items to live comfortably. But to each his own. A lot of people might be looking at me with sympathy for earning so less compared to their threshold amount. It is a very subjective thing.
as per my observation, many people around me earn more than 1500rs per day. People need to understand the Indian economy can not be studied based on the data, actual reality is very different then the data.
Absolutely true !!!
wooooo.......if economy cannot be studied using data, what is economy..?
@@mr.osx3423 Sample size should be big, and broader and should be a survey based just like a census survey. We can't trust anything just because it has been said by an American agency which has an evangelical origin
@@mr.osx3423 it’s black economy which cannot be studied thru data
Yes 90% people don't show their actual income in surveys due to tax avoidance
This data is completely biased...half true...bcoz that 2% thing is only in paper who ever filling tax...but in my around people are there who hv lot more wealth than those 2% private public govt job holders...and maintaining a lavish life with 2 story building new model cars [14/18 lacs].and they don't fall into salaried class and don't pay regular tax.Those people % are more than salaried class which govt don't keep track and no data on website
Highlight this point!!!
Exactly
People don't get it and always tells see how people in my around has so much money..... It's becoz we mix with people who are just like us our realtives family the area where we live even our friends are from our monetary status since childhood....And we just envy upper income people who is rich..... But we don't even think about thousands of lower income people daily around us
@@shreyanghosh758 Exactly... People who claim "Tea seller earns 5 lakhs per. month" don't understand the simple point.. PEW research or any govt research bodies are NOT fools... simply claiming "They don't understand INDIA" is downright stupid... These guys don't even understand only IT filing can be hidden... any land registration, vehicle registration has to go through the system and it can be used to deduce facts... Also for every TEA SELLER there are thousands of peasants who can afford only TEA for breakfast...
You can't buy 14-18 lacs car without having money in bank, no one will sell you a new car for cash. To have money in bank you need to file ITR.
Anyone earning less than 3 lakh per month (post tax) is middle class in India.
Middle class is the class which depends on loans😅
So Vijay Mallya is MiddleClass?
According to Modified BG Prasad scale 2024
Based on monthly per-capita income(₹) of a household:
Upper class - ₹9,098 and above
Upper middle class - ₹4,549 - ₹9,097
Middle class - ₹2,729 - ₹4,548
Lower middle class - ₹1,364 - ₹2,728
Lower class -
agar vo middle class hai toh india Europe se ameer hota 😂
No india have very big lower class , minimal middle class and few higher class .
Middle class has several layers - lower lower, lower middle, middle, middle upper, upper middle
If you want the number based on annual earning - 5LPa, 9lpa, 14 lpa, 20 lpa, 30 lpa
Upper middle is the guy of the upper class - dressed as middle class
I really doubt those numbers. Are those per person or per family ?
per person ...
This whole video was based on the Pew report. But, what was the basis that pew took to decide that those were the specific income figures to decide the class? Also, if it was decided on the world scenario then how right is it to put a blanket income figure on the whole world? The average household products in India are 70% cheaper compared to the US. That in itself answers why we cannot put a blanket rule.
Income and class was not decided in a world scenario, it was decided in Indian scenario WITH RELATION TO world scenario. Dollar currency value was taken as a standard because it dominates global economic trade, and is one of the richest. India is a part of the global economy so value Determinations have to be international in nature. Doing This is good for Indians as we are not North Korea or formally closed economy, and also because it helps ALL Indians maintain a healthy objective view of their world and national standing, hence avoid financial foolishness and financial complacency
@@regaliaretailfashionmerch4314 But the Pew survey is not survey-based. It's model-based. It's a generalisation and also, the US dollar is losing its grip from the international market
The chart at 1:53 is really confusing.
And the 2011 data, in the chart at 4:10, adds upto 101.5%.
Besides that this video is informative and imperative.
Thank you.
There are no facts........27 lakh per year is too much, you can atleast buy a apartment home of 2bhk...........you would atleast have several crores of rupees in 10 years and life is settled........this lifestyle comes under lower rich people or people who can afford more than basic necessities............. middle class are those who can afford basic necessities but not a luxury life than the person who earn 27 lakhs per year....... middle class are considered between 2 lakh per annum to 10 lakh per annum............most Indians falls under lower middle class which means more than half of the country earn less than a lakh per annum........our country average GDP per capita not even more than 3 thousand dollars (2.4 lakhs) per annum.........most of these people save money sometimes sacrificing basic necessities for a day to Live and feed their family members everyday........... if people consider 27 lakh per annum salary person is also a middle class then they are fooling people or they are foolish themselves........i don't know what their agenda or goal is but this video has lot of misinformation.....
@@manojramesh4598 dude u have no idea, nothing happens with 27 lpa..after tax salary would be around 18-19 lpa, and 7-8 lac is easily the annual expenditure, what u have in the end is 8-9 lacs.... then if think of house car, all you got comes to 0.
@@josheversmann1376stupid you buy only once & my family spend while renting 20% salary is 2LPA.
And you say nothing happens in 8-9lpa
I earn 30k a month but I identify as Elon musk
So we are richie rich?
Western definition of poverty doesn’t apply to India and many Asian and African countries. In India someone earning $2 a day can get three good meals but not in the west - nor even a cheapest sandwich for $2.
Pretty sure that's taken into account here, because to enter the middle class in US u need to earn the dollar equivalent of ~37.5 Lakh inr per year, and even in Mumbai (highest cost of living in India (or close, if somehow it isn't the highest)) that would be considered a very good salary
If you're interested, check out something called purchase power parity
it's for India only calculated based on PPP
People get to eat in India because others in the family are supporting them.
There's a little thing called PPP which is taken into account when conducting these studies.
The survey doesn't really represent the realities, you've to consider the household income, nowadays more people in a family are working, also the surveys won't cover small businesses and real estate I believe.
either ways the Middle class is more words than show in India, it's not surprising most Indians struggle to increase their income in white-collar jobs unless they're from IT, may even get a rung below as we neither are skill based nor technology/research-based society.
Everything included in GDP, it doesn't made on survey.
Atleast 9 crore people in India pay direct taxes, that is their income is above 5 lakh per annum.
Then how come 95 % are low income or poor?
9 crore of 140cr is 12% so 89% are poor technically while ther other 10% claim tax benefit becuase of their resons and hardly few % of people who are earning 7L+ must be paying taxes.
Because 95% folks do 1lakh/annum valey jobs that get excluded from taxes.
If you wake up early, go to gym or workout daily, eat mindfully and try to stay away from bad habits and any form of addiction, then even if you are earning less than your peers, you are not middle class. You are elite class. Otherwise, your money will rot in bank, and you in hospital.
Most precious and important comment.
For the whole of humanity.
To be a better human. 😊
Cuz I have seen people poor or rich both suffer in the end from various things. 😅
And even that coronavirus virus doesn't care for the income of yours. 😅.
Health is the wealth
Not an economist here but those daily dollar figure converted directly to INR doesn't make much sense unless PPP is factored in. 10 USD in USA will get you a burger meal whereas the equivalent INR will go quite a bit further than that.
It is factored in . Kindly read the note @3:30 . All numbers are expressed in purchasing power parity dollars. So when he said $10-$20 OR 700-1500 rupees , he does NOT mean actual daily income in India but the PPP ( Purchasing power parity ) equivalent . Actual income earned for middle-income category would be 30% of 700-1500 rupees or 210-450 rupees.
- This is actually misleading , if you read many of the comments. They think the middle-income category actually earns between 700-1500 rupees. That is not correct .
kid $10 is per hour pay in usa where as in india it's whole day pay 🤣🤣🤣🤣, how is usa hiring dumb people
Now this is completely true.
The reason many Indians consider themselves middle class is because there is shame attached to the classification of 'poor'.
Or they don't want to call themselves rich to build humility in their children and lay low. At least my dad did that.
Data is not correct at all...
yes
Absolutely incorrect. My maid earns 15K & her husband earns 25K per month totalling 40K per month. Qualifies as middle income?
I think people who have a car, or can purchase a car and can maintain it without much difficulty should only be called Middle Class
Occupation has nothing to do with the income class categorisation...
Middle class depends on where you live. Purchasing power of different states are different.
Nope they will not. 2 people income should be atleast 90K to be classified as middle income. They would be lower middle income and with 2 children poor.
@@asresalim6145 In many developed economies, rich people use public transport.
Brilliant presentation.👍
As sidhuji says "statistics are like bikni, they hide more than they reveal". The same data can be analyzed to show that India is improving or moving back. All depends on intent.
Middle class are getting poorer during Modi tenure. Before that India was known for the consumption power of middle class.
The Modi government has tremendously hurt middle class economy, there by the demand in the market gradually reducing which is affecting the GDP growth.
If the finance ministry is run by CAs and babus, then God save this country.
Feku and his cronies sucking the blood of people by increasing taxes every day.
See MPCE data. Middle class is growing. See multidimensional poverty report. Poorer are coming out of the poverty.
@@BiswojitGGhoshNo bro but data is different in south of India
@arungoldbeta Data is for whole india, not north or south.
What? 1500x365= 5.5 LPA only!
The income tax min slab starts at 7 LPA… you mean to say only upper middle and high income are being taxed?
and, we still using PPP of 2011.. 🤣🤣
I think now more people are shifting from low income and meddle income . Shift which came earlier from poor to low income will now come in Lower income to middle income.
I don't think they are moving anywhere they don't have jobs
But i also saw a report which says the Indian consumer's consumption has increased a lot too.
Tell the actual number not story, India's per capita income is only 172000 including all billionaires and millionaires. India ranks 112 among all the countries.
MPCE report
@@juliam1395 per capita income was even lower earlier than what it is now. We have a large population, so obviously in absolute terms, per capita GDP will be lower
People arent wrong almost 97% are of upper middle class to low middle class income
Nice eye opener info
This is so stupid that such big channels dont even understand that when she said she is middleclass that means her mindset is middleclass. A person can earn great wealth but many times their mindset would still be middleclass, like they wont spend their money in material or costly things when the same can be achieved with normal items… is this so hard to understand!!!!
How does her mindset matter tho? Will this mindset only decrease my tax bracket? Rich and powerful people have been evading accountability by referring to themselves as middle-class. This is not a new behaviour and neither is it limited to India. Is it okay for the bloody 'f'inance'minister to call herself middle class? Or to say that she fells no impact of inflation because she doesn't eat onion or garlic? These people are politicians who are ment to serve us. We should learn to be critical of them and not defend their stupidity or lack of responsibility.
This video is so informative, thanks!
India Tax like Sweden, Provide service like Afganistan.
Its Pathetic Country to Live.
This country is for Ministers & Politicians
I was laughing when I heard MPs make 2.7 lakes per month!!!! I mean they definitely live “beyond their means”!!!
When an Indian is talking about "middle class" they are usually referring to lower middle class
in every data...poor people lives on 150/day income...me living in ne india ...labours dont speak without 600/day!
600/4 -> 150 so that is poor.
They don't have earings every day.
Feeling sorry for these people jinko abb bhi lagta ki 2% of people belongs to middle income family is wrong.
Ye log hazam nhi kar paa rhe h ki middle nhi lower middle class h...
Bhai sirf middle class nahi.
There is lower middle class, average middle class and upper middle class.
Being poor in India means that you are having difficulty in feeding your family, is almost homeless or extremely impoveroshed.
The domestic helpers, security guards would belong to lowest of middle class because they are well fed and children also go to school and they can uplift themselves by giving there children good education etc and some of them can afford a two wheeler, flat screen tvs etc.
Aise is average middle class would be those where all can afford two wheelers and quite a lot can afford cars, many of them have own home in an urban area, children going to English medium descent schools etc.
Then come upper middle class where all cam afford atleast one car, all have there own house and quite a lot have one plus car etc etc, but still can't afford say a full time driver or a full time house help.
People above them would be upper class and above them rich class.
Agree with your classification here.
Upper middle class though may even afford driver, the distinguishing feature for Upper and Truly rich is whether they work for someone or employ others.
I don't care which class I belong to , im just happy that I'm being blessed and getting food on my table everyday❤
These figures in my opinion can be explained by India having jobless growth where major companies and educated indians have seen income growth but not the poorest or low income people... Service jobs for english speaking upper class people are not enough for spreading out growth for the vast majority of indians... We need more manufacturing jobs like what China did to benefit the lower income class to actually see wide spread growth and better quality of life for everyone... The reality is that manufacturing sector contracted 1.1% last quarter so this is showing the trajectory where the country is headed which is just more income inequality. Bangladesh has much higher quality of life indicators (HDI) and a higher GDP per capita now too because they focused on female employment and textile manufacturing.
low skilled manufacturing sectors are what India needed atm
India has overtaken Bangladesh in terms of gdp per capita for 2022-23 by $300. It went ahead only because of 7% fall in Indian gdp in the year 2021-22, while their fall was around 1-2% only.
India needs gun rights and all of a sudden corruption and government abuse will vanish. Until that happens, India will have similar wealth distribution 200 years form now.
@@DevendraKumar9have you ever wondered why it happened that it substantially became lower than Bangladesh
Update yourself lmao. Bangladesh is in an economic crisis, with super high double digit inflation. And by per capita GDP ppp terms, India ranks better than bang. They went up only During covid, and then fall, when other economies started rising up. Also, so called quality of living or hdi also depends on population size. Even china has lower hdi than some Latin America countries. Does it mean Mexico's has higher standards of living than China? Lol
Nirmala ji is a true middleclass. As per her affidavit, she has only 2 crore worth of property. She earns only 2.3 lakh salary per month. Her husband holds a PhD from University of London and served as the communications advisor to the Government of Andhra Pradesh. So yes, she is middle class only!
For people who consider themselves as middle class, if you earn 1 lakh in a 4 member family where you are the only active earner, then your effective income is only 25k and you are poor, not middle class. And again 1 lakh should be your monthly take home, not including taxes
Two people living in the same house don't spend twice as much money as one person would. If you lived alone in a house, you may need a smaller house. But you'd still need to buy a whole fridge, washing machine, gas stove, fans, lights, etc. You won't buy two of those things if one more person came to live with you. You also would not pay twice as much electricity bill if you and your spouse spend most of the time in the same room, as you'd still use the same lights, fans, AC, etc. So 4 people living in one house is MUCH cheaper than 4 people living individually in separate homes. Your effective income would be much higher than 25k.
@@zetaforever4953 no .
25k per month per person is not poor. It's 50% higher than India's per capita average. You also need to include any passive income sources from your savings or capital gains to get your actual per capita income.
@@girishkm7618 Thanks. I was going purely by the statistics mentioned in the video where they were considering per capita income of a person instead of total household income. Agreed on including passive income sources also but the average person in India unless they have generational wealth are more caught up in debt instruments like home loan, car loans and credit card loans. The outgo is more than the inflow in most cases.
Pagal h kya bey
Simple, whoever pays income tax is middle class.
All others are either low or upper class.
Amazing narration
Annual income over 18.6 lakh is richest 1% of India. Wow
The info seems very very wrong. These days a person selling sugarcane juice at roadside makes 60-90k per month.
perfect example of how an analysis shouldn't be done.
Perfect analysis and spoke real facts which hurting self entitled day dreaming Indians.
One most important aspect of middleclass is education
Which is always missing in India.
Middle class as a concept is much lacking as much as it is outdated
These are really some good insights man! Thanks for sharing!
What about their pension and business they run on the name of their families wow hypocrisy at its peak 🙂👌🏿
6.6 crore is a large number buddy
Because you should multiply it by number of family members depended on the one person 4 or 7 so it would be something around 26 - 47 cr
Uncleji, agency credibility, and its understanding about India? Regarding the sample used for this study, and looks study was conducted in dollar terms.
It is taken govt. data, the data given by Sita mata and her finance ministry.
In India middle class is as much a mindset as it's an income level. That's causing confusion
All Indians are happy with current economic and political environment.
1. More military power
2. More religious movement
3. LPG at 1100₹
People no longer complain about taxes, low salary, high cost of living and are completely happy with the current BJP government. If the majority is happy then why worry?? Educated people are migrating to Canada and Australia in millions giving up citizenship too!
Yes the majority is happy 😂 you have any problem .
You have money then you can happily move to UK USA Canada Australia Uae please my friend migrate from our country you will get a very high quality of life in foreign countries.
We are happy in india 😂
Have you ever seen any Govt. building industrial corridors, 40kms of Expressways and various roads per day, Make in India and what not. You are right still many people are leaving but India is also trying tk creat more opportunities. Real nation building is going on at a massive scale and record pace. Pls appreciate a bit as we become the 4th largest economy overtaking Germany in 2024-2025
Start thinking critically bro.
The people who are migrating to Australia and Canada are the ones who have a lot of money and land property and they failed to get a job in India due to their incompetence. The real educated people are staying in India and earning more than those people in Canada and Australia. Recently many educated people from USA are also shifting back to India.
So you need to get out of your dreams and see the reality.
Aandbhakt supported with 0 IQ
So, am I part of middle class or not? The video didn’t even answer the question.
The labour cost in Patna is around 500 per day and the Raj Mistri which is the one taking important decisions during construction earns around 1000 per day. That's the rate.
In villages you won't get mistri at 300. They won't even talk below 400-450.
That is very poor rate.
@@vinsin328 You want them to earn 10k a day?
The engineer of TCS don't earn a 1000 ruppes a day. 😂😂
@@KejriwalBhaktMost people starting in corporate world earn like 500/day that too I'm talking about average student.
@@kdjoshi726 I don't see whch part you are talking about? The service based companies like TCS pays very very less. And their in hand salary is 25k a month.
In Indian every people think themselves as middle class😅
You believe in PEW Research, Pew pew 😂
If she considers herself middle class, how can we hope she'll understand the conditions of the poor and implement policies to support them?. 🙂
The day you had to pay more than 40 Lakh rupees for a stupid Apartment, then we understand the dire situation the country is in and how corrupt things have become.
yessss 40 lakh for living in shit
@@Ishant007 yes
Person going on vacations and drinking Starbucks is upper class, technically
It all depends on how much a country is dependable and not dependable on other countries.
For example, if a country is sustainable in growing crops, storing them, transporting them then the prices will be less based on the demand. Hence even if you earn less you will get the food to eat.
It is same for all.
Is food is enough shut up and accept truth
Actually Nirmata Sitaraman has BPL card and lives in Mumbai slums , who cant afford to buy a car or home , and doesn't eat onions because she can't afford them !!
Excellent Report … keep it up
This report will make the people of Bangladesh and Pakistan very happy who always think that all indians are very poor and they were rich only because of political corruption they are now facing this and that....
'India and BJP are doing great job' is as much as true as 'Nirmala belongs to middle class'
If you don't think bjp is doing a great job , then you are just fooling yourself and haven't seen how previous govt literally destroyed indian economy
@@ujjwalkumar1624 Wahh. Because of their great job, I had to pay 50L for a stupid 1100 sq ft apartment in a tier 2 town.
@@ujjwalkumar1624 yeah mainly no vande bharat express also
@@TON-vz3pethat's not government fault chutiya. Property prices increase according to demand. Don't know why illiterate people like you exist in this country
If you can pay 50 lacs for a plot. You better leave the country. I want India's population to decrease. Don't forget to send remittances back home
Generally people classify them as middle class based on their living expenses which are different from city to city. Rs 50000 is very good in tier 3, tier 4 city but Rs. 50000 income in mumbai is nothing considering a good house , education and family of 4
No bro, 50k is not very good income even in a tier 3 city for a family of four. I know many such families, as per my experience, It is just decent income. Good education is very expensive in tier 3 cities as well. For a good life, 75K is minimum for a family of four. One has to save at least 25k/month as well for kid's higher education, emergency needs, and buying property in the future.
It should be classified based on household income and what is percentage of expenses… you might earn 2 lakh per month and spend 90% of it then you are poor class..
We are moving towards poverty, hunger and dictatorship😢
Good analysis, my questiion is india govt able to remove poverty??
If Nirmala Sitaraman identifies as middle class, I now recognise myself as destitute and I shall be known here onwards as poor/ moneyless.
Mein middle class hoon and I am enjoying the luxurious life with your money 😂😂😂😂