My salary is not increasing, cost of products is increasing faster, only way is to avoid spending on needless luxuries and they are saying now why are you not spending?, I'm asking why is my salary not increasing while the CEO gets bonuses?
Five topics to fix society via discussion: -Anti-natalism vs Natalism -The 3 basic needs/prenatal needs Three things necessary for human evolution that are provided while in the womb which are; food, shelter and medical care. -Platinum rule Do whatever makes one happier unless it interferes with another persons ability to do the same. -MBTI (research yours and connect with others) -Art (pick one and get better at it!)
Since you busy spending your time here on UA-cam whilst a CEO is busy crunching the numbers for his company! That being said you should know why he’s a CEO and makes $$ while you don’t !!
Yes Indian middle class spending is shrinked by: 1. Increasing unemployment, 2. Increase in Pharma & medical expenses, 3. GST levey's on all products & services: med/edu/housing(People think thrice to buy / eat out), 4. Maintaining a car is tough by investment, recurring maintenance expenses, increaing insurance & toll rates. 5. Ever increasing rates of essential goods & service's (incl mobile tariffs).
@@ArnavSingh-wk9fsNo country in the world taxes as India does and for what just to feed the thurst of political parties and their workers... nonsense 😢
@@mahakaya But the US doesn't have GST set at 17% - 30% and all, its 3-5% at max. Your income is taxed, your expenses are taxed and if your saving produces any return that is also taxed. if you calculate all of the taxes it would come close to 60% and what you get in return is also not there. Is education infrastructure is on par with private no, roads catching up and not to the mark, public services not corruption free then how is this tax valid.
This entire video missed the major causes of reduction in spending. 1. Stagnant Salaries as compared to cost of living 2. Higher taxation of middle class 3. Increased cost of basic needs such as housing, food, education.
Tax has not increased so much either on products or salaries. Branded and packaged items are more costlier. Just check cost of Organic products, hardly any present 10 years ago. People spend more on lifestyle products.. Not of raw food items but on Swiggy, Zomato
@@manojkushwaha2429 is food the only thing you consume? Spending goes down based on overall factors. If you can’t keep up with going to office, home rents, transport etc. khana Bhi 2 waqt ka nahi theek se kha sakte ho..
Poor people getting all free from government free schemes,rich people earning well with their business but middle class people struggling eith low salaries high expendetures.
School fees increases by 10 percentage every year , Hospital and health care is increasing by approx 15 percentage every year. Govt say inflation is less than 6 % , dont know how they calculate this inflation.
@@Ritamkarmakar-ok4uu I have been paying School fees every year (school has a policy to increase fees by 10 percentage every year) . Five years back I paid hospital bills for a procedure and this year I again paid hospital bills for exactly the same procedure in the same hospital . The hospital charged more than double .
Things which big companies don't like : 1. you spending less on their products and saving more cause they only care about their quarterly sales and company growth. 2. middle class choosing healthier means of food over processed food. 3. middle class choosing environment friendly and cheaper means of transport over everyone having their personal vehicle on road. 4. middle class taking care of their finances and not falling into trap of hefty loans. 5. middle class educating themselves about simple and healthy living.
@@sekharsyam163 it takes a lot of honesty and integrity to say this. Because middle clans is all about keeping up appearances. If we admit that we are not that rich, even people around us decide to look down and bully. So, respect to you, Sir. For your courage 🙏
@@msdadsfsx no assest just debts ...my family and life I have r my assests Just paying my bills having food atleast 2 times/ day and just enough dress to wear and a shelter to sleep these r my assests just making enough money to ends meet ...responsibility r sooo much but fine going on ....happy wat i have never be jealous to rich ones never be frustrated or worried about not being rich...and I never stressed over to make money ..🙃 .may be becoz of that I am poor 😊😇
@@JoiAhomNope, I think people's reluctance to cope/adjust with the changes brought in by e-commerce is the issue in that regard, everything can't be blamed on the government you know. But I definitely agree with what the OP said, incomes ARE declining and prices ARE definitely rising. And for THAT, the government can definitely be blamed.
@@p-k98 yes , I am from Assam here money circulation was heavily dependent on service sector employee but since everyone is buying from online all money going out of northeast in to mainland and here local money circulation including retails have fully collapsed now people turning into thief and militants again
@@JoiAhomOh, I got your point now. But look at it this way, with the increase of e-commerce I think the employment has actually increased. Earlier there used to be offline retailers, needing workers to take care of maintenance of the shops and selling goods. Now, with the rise of e-commerce sites, there is still that need of workers for maintenance of their godowns, but additionally now more and more delivery agents are also needed. So wouldn't that have technically increased the availability of jobs? Just a thought I had, what do you think?
I bought a 14L car last year and 50% of it was taxes and cess. I have spent 50L in the last 4 years on hospital costs and didn't get any tax cuts or any benefits. Car was bought cuz of awful roads to hospital and not for enjoyment. There is no insurance or good hospitals from govt for whatever tax we pay. Ofc I stopped spending completely since I have a lot of loans now.
Good riddance bro. Now we can hardly manage to pay for necessities. Middle class does not have any money for luxury. I stopped ordering pizzas completely from 3 years, stopped going to multiplexes, stopped buying clothes except for kids. My extra expenditure has been reduced by 90%. Whatever money I save, I prepay my home loan which has also increased due to increase in home loan rates.
Income Tax 33% Total tax on Cars 45% Tax on Petrol - 237% Toll Tax 10-20% (of the Fuel Cost) Tax on Insurance - 18% Property tax in India varies between 5.00% to 20% GST on FMCG 18% Duty on EV cars 100% नंगा नहाएगा क्या और निचोड़ेगा क्या?? ना रहने लायक छोड़ा है, ना खाने लायक छोड़ा है, ना चलने लायक और ना जीने लायक छोड़ा है। यही होता है जब गुंडों की सरकार बनती है।
Liar Income tax is 33 percent for those above 10 lakhs meaning and Indian millionaire per annum. How is an Indian millionaire middle class.😂 vande Mataram
@@ShaileshKumar-io2zn you fool first understand about inflation which me 10 to 15 percentage yearly how come 6 lpa will be a middle class fool like you will trust those idiotic news
Do these and you'll see more consumer again 😉 1. Reduce taxes, 2. Produce healthy food items in the market. 3. Implement work life balance (so that people have time to spend on leisure activities). 4. Provide better employment and good salary. 5. Reduce education fee.
Wrong! Five topics to fix society via discussion: -Anti-natalism vs Natalism -The 3 basic needs/prenatal needs Three things necessary for human evolution that are provided while in the womb which are; food, shelter and medical care. -Platinum rule Do whatever makes one happier unless it interferes with another persons ability to do the same. -MBTI (research yours and connect with others) -Art (pick one and get better at it!)
So true about improving work-life balance. Without work-life balance, there is no time to spend with family and the youth will go without proper parenting and India will end up like South Korea.
To reduce taxes we need to cut expenditures/services. So first name which expenditures/services you want to cut. More middle class people need to start their own businesses for new income.
Heavy taxation, in return nothing. Sitaraman should resign 🤬 Middle class is all who travel in bus, train 🚂, go to supermarket and buy goods 🙏 and has a income b/w 2.5 to 15 lakhs .
Bro 15lpa is not middle class. Its below middle class nowadays, you need 20lpa atleast. Under 10lpa can be categorized as poor. Think of buying a 2bhk you need 60 lakh.
@SadBoy-bq5rf that is so true but yet the elite people do not acknowledge this fact did you see how she like protected the government from being tagged as backward government she doesn't want to acknowledge the truth
NO, Rent, EMI's and School fee are the major Money eaters, almost half salary for 1 lakh earning guy is gone here, 1 lakh earning guy can't live decent life in metropoliton cities, Houseowners are having a great life
First thing is 1. Politicians and Bureaucrats stop the loot . You have looted enough 2. Create jobs. 3 India becoming top 5 global economy makes no sense for common man when our per capita GDP ranking is among the world's poorest WE NEED ACTION AND RESULTS, NOT MEDIA GIMMICKS.
Are Private Companies hiring ?? No even after paying lower taxed they won't hire nor train nor upskill people All they want is creamy people with xp with good academics with big degrees It's better to move out from here
Car prices have doubled in last five years, but quality reduced. Also government forcing early scrapping of running condition cars in the name of pollution control. Middle class is unable to finance a new car now.
Why would you compare Nepal with india... At a moment we r talking about india.... And that's true.... Everyone is suffering... I am just fed up of listening that market is slowing down... Not in just delhi but listening from other states too.... No income, high tax, high expenditures .... I think at least education must be free of cost
Middle class should stop spending on new cars. Buy cheap second hand vehicles. Since we are expected to buy a new car every 15 years. Are we earning that much?
Infaltion has risen by 100 - 120% in the last 5 years. Regardless of what the governement data says, the truth is that the price of everything from maggie to houses has doubled when compared to 2019. Salaries have stagnated and tax terrorism by the govt continues at 30% . The result - purchasing power has diminished in the last 5 years, ₹100 of 2019 equals ₹ 200 in 2024
It's striking that nobody seems to be discussing per capita income, while everyone is fixated on GDP growth and other economic indicators. Shouldn't we be looking at both to get a more complete picture?
We cant look at per capita income. Because there's nothing to look at. Also the stupid genz goes and stands 21 hours in line for rebadged i phone 11 calling itself an iphone 16. Every fcking person in this country is stupid to the core.
They play that same game in Australia. We have excessive immigration to falsely boost the GDP figures and homelessness just keeps growing every day due to lack of housing supply.
@@j_Uy_8qwi8HbC9XLt4kpvQ most of these taxes were introduced during congress era especially the investment based taxes although gst drama was done by the current losers and the ration and reservation system both major contributors to the overpopualtion and the destruction of India were all introduced by the congress party.I honestly think i would rather live under lord hastings than any indian
@j_Uy_8qwi8HbC9XL t4kpvQ Economy can easily recover and boom if people with proven experience take financial matters at hand. BJP already has developed a very sound economic fundamentals of the nation, it needs more brains to create consumption boom
@@j_Uy_8qwi8HbC9XLt4kpvQ i remember that day when BJP came in power in 2014 mam that day we celebrate like crazy but after that we are struggling to get the basis things like vegetables and fruits it's so expensive 😢
Buying a car means almost 50% of the amount is given to Govt in the name of Tax, Then again give 30% tax on fuel, give road tax and Toll Tax. Give GST on insurance. Buying a vehicle is just you are killing your wealth.
True. we have to use public transport which means the government doesn't want us to grow. Government wants us to be in the middle class trap throughout our life, next our children will also be in the same state. Finally we all keep working hard , pay tax, eat, die and the next generation continues the same.
@@saibalroy_ even if a middle class person manages to buy a car, he is forced to trash it after 15 years. Our Wagon R was perfectly maintained and with PUC certification up to date. But we had to scrap it. Now we don’t have a car. Nor do we have the money to buy another.
But it started after covid period even my friend used to spend unnecesary at night by hosting party dinner etc now after covid no one spends money, even restaurant we go have a few customer , even started to buy bullion and withdraw ing money from banks slowly byvkeeping cash in handy, I believe people started to have fear about money management
My God all the essential cooking oils are almost Rs.200+ per kg or litter 🥺🥺🥺🥺😳 and same is with daal, aata, chawal their prices too increased almost 150 to 200% from 2014...aam admi nahaega kya aur khaega kya
According to her - "The good thing is that Finance Minister has acknowledged the sluggish demand.". It's like saying the good thing is barber groomed my hair or the good thing is doctor is seeing the patient. That's Finance Minister's job. Calling it a good thing shows how much the media bows down in front of the government.
Yes she is pro Godi media....ppl are soon realizing what a mistake they made by allowing Bjp come back to power....throw the Bjp out...throw the Godi media out
2016- demonetisation 2017- gst roll out 18-19-economic in recovery 2020-2021-2022- pandemic All these wreaked havoc on the middle class and RBI is still maintaining high repo rate…shrinking the demand and investment
when 40% of salary dedecuted for direct taxes, 20% for GST, kids education, rent, grocery.. there is no money left for spending.. the problem is middle class money is getting looted by Govt ..
I drive a 2006 Suzuki hatchback which is in excellent condition. I buy Himalaya herbal toothpaste which is cheaper and better than the flagship. I make pizza at home instead of buying from an mnc. I buy rs 100 basmati instead of rs 300 basmati. I squeeze fresh lime rather than buy pepsi branded juice. I buy reasonably priced good quality clothes from new startups in Raj online rather than on myntra. My choice.
My salary increases so are the taxes. Already taxed money is taxed multiple times in the name of GST. We r literally strangulated. No wonder middle class slide down to lower class.
Every year inflation is 7-8%, my salary increment is 2-3% for last 7-8 years. My income is used for all bills, groceries, medicines for my ageing parents which are all increasing exponentially, then medical insurances .. plus gst and taxes on everything even if u breathe they will put taxes next. How can a middle class person live? I forgot what it's like to spend on something i like or want. And i am a software engineer supposedly earning in the top 5% of indian bracket
The middle class is shrinking because it is bearing the brunt of the stupid tax policies of this govt, more specifically the PM and the FM who dont even know how the evonomy works.
SIMPLE SOLUTION !!! Increase Salary of MIddle Class while not increasing tax = Increase in Spending. FYI Middle Class need MONEY after all BILLS to SPEND.
Basically the std of living increased so they should marginalize the taxes from 3l-5l Taxpayers must be from 5-10l in one group And this madam is a godi media outlet basically Zee news. She won't directly ask the govt she'll say this that thing and finish her news
Everything is very costly. Education, medical, groceries and vegetables, transportation etc. That's one reason i am still not married and don't have children.
That what it is seeing not only taxes I used to tell that after covid people became financial consciousness by spending less on unneceasary items less loans, in fact people started buying black gold from smugglers I saw from local peoples, even people age 20-40 people spend less and low cost items, I believe covid taught people of saving money
Are you high on something seriously in recent years I used to buy vegetables and fruits because I had money and things were cheap but now I'm buying only vegetables both are expensive but people can survive without fruits. I'm not buying fruits because I don't have money and it's so expensive. Same goes with the other things. Tum vhi log ho na jo tamatar mahnge ho jane pe tamatar khane ke nukshan bata te ho or lashun or pyaaz ke price badhne pe bolte ho mai to khati hi nhi .
ok agreed . Also there is news that there is an increase in rural consumption .Rural India sees 60% surge in FMCG basket size, reflecting rising consumption patterns in 2024; reveals Kantar-GroupM report . Further According to the data released by the Society of Indian Automobile Manufactures (SIAM), the total domestic two-wheeler sales in India in October 2024 were 21,64,276 units. This accounts for a 14.2 % YoY increase compared to October 2023 . How this can be possible ?
All the money goes to Tax , Rent , fuel , kids education and food . Where will people will have money to spend on other stuffs.Thanks Palki for bringing this up.
Indians are moving from packaged food and chemical products to nature based and indigenous products. Thus these decades old companies are facing a rut. I myself try to use plant based toiletries and personal care products and not to mention food items.
I don't know about you but am taxed a lot by the government of india .Whatever i earn from stocks and business ,government takes a large chunk of it to feed daIits/STs and give them freebies ,government is determined to Ioot middle class especially General and OBC middle class .
@@Bookaholic_ absolute Inflation always exists and 4 to 6 percent expected in a healthy economy . rate of increase was more in congress times except for few ocassions whicg is a part of cycle.Yes there is cycle but congress did not manage it well compared to BJP despite peaceful times. Also the topic is tax. Stop deviating. That is dis honesty by you. Also even in tge new topic, you are showing dishonesty via incorrect conculsion based on pourposeful half data . Anybody who knows basics economics knows that your conclusion is based on incorrect procedure and therefore not a right way to judge performance of govt. By your logic any future government having good ecomomic policies is bad because things will be more costlier then. SHAME ON YOU
Bang on there Firstpost. My first reaction to the low demand in these FMCG sector was also that it is not due to shrinking middle class but their changed opinion about packaged sugary food which is slowly getting out demand.
India’s 🇮🇳 middle class is shrinking, with higher taxes putting more strain on their finances. Many millionaires are also moving abroad, particularly to Dubai, to escape heavy taxation, which is an alarming trend. Meanwhile, taxpayer money often funds political freebies. Job losses from COVID-19 have taken a toll, and higher taxes on LTCG, short-term gains, and a ban on crypto have made it harder for people relying on trading to make a living. As many consider leaving India, it’s time to reflect on the challenges ahead.
Truth is barber, fruit and vegetables seller, bike mechanic, food stall r earning much more than even post graduate people..... Worth of Education to earn big is getting to its lowest point 😢
That's wrong....just because one businessman is earning well not necessarily mean everybody's earning the same way. But they're in better condition because they don't have dreams or expenditure of a middle class.
Poor people didn't support him in the last election. That's why his party entered into a coalition. Next election, he is definitely out. The irony is this, the big corporates whom he supported would all be supporting the guy who is going to come next and that guy would repeat the same support given Modi. I suspect they're already doing that now. The thing is Modi and his team are clueless on the economy.
Bought a 2 year old car. I will keep it for more than 10 years. Will not pay extra tax. Trying to use my 10 year old alto as much as possible and keeping a newly bought old car for highways only.
Middle Class in India is gradually undergoing extinction thanx to the pseudo dictatorship regime at the Centre which has done nothing to control inflation.
Did you see taxation on middle class ? School fee now a days ? Medical treatment expenditures? We should learn from good things of west but hiking school fees and medical is seriously a concerning trend .. Above all Indian middle class is so much over burden from tax 🙏🏻🙏🏻 If I’ll get a chance to move out I’ll not think twice but before I want to remain here and do something for nation but this nation is for rich only for middle this country is hell
Stop having children that's the only way you screw any government & filthy rich companies. As both need slaves & consumers to exploit & abuse. See how Japan is crying over decreasing population. They exploited & abused the general population with unaffordable pricing & over work . People are teaching lessons to them. The government economy & military power will be screwed for exploiting common people & helping rich & rich people will be screwed because they won't get cheap labour & consumers anymore. Until we stop producing labour or workforce nothing changes.
The government is squeezing the middle class by imposing heavy taxes. We were planning to buy a new SUV but dropped the idea and still using our old hatchback car. I have completely stopped buying frizzy drinks, biscuits and other processed food items and bake cookies and cake at home. I cook pastas and chicken rolls for my kids rather than ordering food online.I don't take my children to shopping malls but encourage them to play outdoor games. We have decided to stay in a suburb where there is a playground near our home rather than living in the heart of the city though we have a property there. I don't buy unnecessary clothes in the name of fashion and spend our disposal income in travelling to new places rather buying things and stuffing our house.
Just because we are not buying international/big brands, doesn't mean we are poor, our preferences have changed...... It's only so much wealth want to buy, we are not Americans to throw money at things....
Exactly, we don't want to throw away hard earned money. Not buying car or any auto mobiles doesn't mean we are sluggish. When there is huge amount of parking and traffic problems, some are avoiding to invest on some thing which is a dead investment.
If only the Public Passenger Transport options could be increased.eg metro and overground rail, more buses, more frequently, more eRickshaws for last mile...it will be fab
Hope Nirmala aunty listens to these big businessmen and understand that middle classes are the backbone to taxes even if they're not a backbone to their votebank politics
No way. She will say stop eating onion if onion price go up, stop eating food if the food prices are going up. Become a begger if midlle class taxes are increasing.its a crime to be born as middleclass in india
All thanks to our dearest Nirmala ji.. 🙏🙏🙏🙏.. you are the best FM evvaa.. middle class now started to think that it's better to be falling under tax bracket (thereby giving up high paying/ stressful job = shrinking demand) and don't pay any crazy taxes
Our economic advisor says, If the real state of economic state is considered then India in 1947 is same as India in 2024. If this 77 year adjustment is made then India gdp per capita in 1947 was 2730$ equivalent of 2024. The projection is nearly same for 2024.. Hard reality guys..
This is nonsense. Just compare conditions of your state, your district, your panchayat with conditions 10years ago.. I can see huge improvement in terms of electricity, tap water, internet, cooking gas penetration.
@@SrutiSamDuring British era there were no freebies but in current era there are freebies, that’s the reason why per capita income adjusted to inflation is almost comparable if not the same
Middle class are burdened with taxes and get poor public services in return. Inflation erodes their savings. Aspirations and dreams of economic mobility are plagued by lack of education and employment avenues. Disenchantment with the political class also runs deep and it is reflected in the voter turnout.
Finally, good news. Firstly there is no middle class. There is rich or poor. There is no middle ground. Secondly, salary is low and cannot afford due to inflation. Middle class disappeared because middle class lost all its money paying taxes. No proper investments, No savings.
Many of my colleagues prefer Local train becasue of heavy traffic. So, their vehicles are only on raod during holidays and festive seasons. I too have strict punch-in at my office...so to be on the safer side I too prefer train.
leaving india to settle outside can be the best decision if we are thinking of getting a better life. India is a good place to be if you want to start a business because there are severe lacks of emploment laws and we can exploit the workers. But if you are the worker then it makes ense to go out of the country. This country and the taxation and the people are not worth it
I just returned from West Bengal India and am appalled at the squandering wealth of the Indian families- with dangerously rising inflation, uncontrolled price gouging and corruption Middle class is shrinking because either they are getting richer or getting poorer. Roads in WB Kolkata have to be a blight on India's aspirations to be Vishwa Guru. Corruption is so rampant e.g. I wanted an upgrade to AC1 (which with the exchange rate I could afford but found Indians can too paying thousands) and within minutes one of the staff BVG I think written on their shirts- came and offered to help. I was told await next station and would confirm. Within 10 minutes I was whisked to an AC1 coach. I was told the TT would come and tell me the difference I have t pay. I sat and sat very tired and avoiding sleep until the BVG guy came with another guy and said the TT said the difference is Rs 980 and he sent us to collect it. I paid cash Rs1000 plus Rs 100 tip - never heard back from anyone, no receipts, no ticket no record. Meaning that money was shared with those staff of the record!
Palki wouldn't tell the truth that would make India losing face. World investment bank reported that world money was flowing into China, nothing into India. Apple has pulled the major i16 production line out of India due to unacceptably high rejection rate. Intel, Tesla didn't want to come. Jaishankar declared that India would "improve" the harsh treatment on giving visas to Chinese investors and engineers. Indian ministry of Economy even published a report advising that India needed the Chinese investment and supply chain as India failed to replace China in the world supply chain.
hey pathetic liar . all apple i16 are manufactured in india and exported , exports are supported , its over taxing of middle class and low income that is hurting sales growth in indian economy in general china everyone is running away or closing down due to xi ping and his dictatorial policies which have killed middle class in china ....most are sleeping streets or starving , falling sick and doctors are not paid for months and massing people on streets to earn a living
Sometime back in 90's the world used to compare us with Pakistan and African countries...now they are comparing India with China and Europe....well we have came a long way.
China economy is does shrinking and no denying that but the reasons are different, China economy was fueled with lots of manufacturing and construction activity. Now China has necessary infrastructure so these companies local demand is decreasing, whereas for India the problem is in many sectors.
Highest tax in salary, no security from Govt after retirement. Cars have become very expensive, cap on diesel and petrol cars for 10 and 15 years. Things have become so expensive due to high tax...at last, people are listening to "Food Pharmer"
And the private sector have increased the costs but not salary because government is incompatible with regulations and adapt with inflation It's non sense move to go like you earn 10k in 2010 same in 2024 Adapt with inflation
Middle class are a hospital bill away from poverty
Excellent comment encapsulating the dire reality of extremely over taxed Indian middle class.
Or one legal case away or one higher education away.
😂
Health Insurance.. RBSK or private, whichever can be afforded.
Excellent
My salary is not increasing, cost of products is increasing faster, only way is to avoid spending on needless luxuries and they are saying now why are you not spending?, I'm asking why is my salary not increasing while the CEO gets bonuses?
Five topics to fix society via discussion:
-Anti-natalism vs Natalism
-The 3 basic needs/prenatal needs
Three things necessary for human evolution that are provided while in the womb which are; food, shelter and medical care.
-Platinum rule
Do whatever makes one happier unless it interferes with another persons ability to do the same.
-MBTI (research yours and connect with others)
-Art (pick one and get better at it!)
You are lieing with fake accounts
become ceo then
stop crying
Since you busy spending your time here on UA-cam whilst a CEO is busy crunching the numbers for his company! That being said you should know why he’s a CEO and makes $$ while you don’t !!
Sad even in many economies in Africa like Kenya they then ask why we demonstrate
Yes Indian middle class spending is shrinked by: 1. Increasing unemployment, 2. Increase in Pharma & medical expenses, 3. GST levey's on all products & services: med/edu/housing(People think thrice to buy / eat out), 4. Maintaining a car is tough by investment, recurring maintenance expenses, increaing insurance & toll rates. 5. Ever increasing rates of essential goods & service's (incl mobile tariffs).
Modi adani are responsible
Dude I can't guarantee about Medical services, India is one of the cheapest and best Medical service providers.
If all money is being taxed, then what middle class family will do with left out money
No problem in taxation but in return if you are getting such infrastructure then it's not worth it
@@ArnavSingh-wk9fsNo country in the world taxes as India does and for what just to feed the thurst of political parties and their workers... nonsense 😢
Every country has similar taxation rates.. US have 7 tax slabs ranging from 10% -37%, UK 20%, 40% &45%
@@mahakayaYou should also compare the infrastructure they get for the taxes
@@mahakaya But the US doesn't have GST set at 17% - 30% and all, its 3-5% at max.
Your income is taxed, your expenses are taxed and if your saving produces any return that is also taxed. if you calculate all of the taxes it would come close to 60% and what you get in return is also not there. Is education infrastructure is on par with private no, roads catching up and not to the mark, public services not corruption free then how is this tax valid.
This entire video missed the major causes of reduction in spending. 1. Stagnant Salaries as compared to cost of living 2. Higher taxation of middle class 3. Increased cost of basic needs such as housing, food, education.
Taxes were always high
Tax has not increased so much either on products or salaries.
Branded and packaged items are more costlier. Just check cost of Organic products, hardly any present 10 years ago. People spend more on lifestyle products..
Not of raw food items but on Swiggy, Zomato
Salaries have to come from somewhere. Want your employer to pay you more? Then make them more money.
@@manojkushwaha2429 Exactly. People miss the real reasons . They pick up surface level info & keep complaining . And repeating without understanding
@@manojkushwaha2429 is food the only thing you consume? Spending goes down based on overall factors. If you can’t keep up with going to office, home rents, transport etc. khana Bhi 2 waqt ka nahi theek se kha sakte ho..
Poor people getting all free from government free schemes,rich people earning well with their business but middle class people struggling eith low salaries high expendetures.
So true low salary high expenditure
What government giving free to the poors ???
100% true
@@mohdshariq5814Food, gas, subsidies a lot of things.
@@mohdshariq5814
From ration to electricity to housing to montly stipend which lalaland are u living don't u know this
the poor gets Ration , the rich gets richer while the middle class get taxed.
Rich farmers don't pay any tax at all. Get all subsidies and loan waivers.
Truth
farmers who are rich enough to pay taxes are very few @@rajx7120
True
@@rajx7120yeah, GST for Rice and wheat should be 18 percent
School fees increases by 10 percentage every year ,
Hospital and health care is increasing by approx 15 percentage every year.
Govt say inflation is less than 6 % , dont know how they calculate this inflation.
how did u get those metric?
Govt gives fake data.
@@Ritamkarmakar-ok4uu I have been paying School fees every year (school has a policy to increase fees by 10 percentage every year)
.
Five years back I paid hospital bills for a procedure and this year I again paid hospital bills for exactly the same procedure in the same hospital . The hospital charged more than double .
Central gov increasing DA by 7% and they making us common people fool by saying inflation less than 6%,
Same with college fees
Things which big companies don't like :
1. you spending less on their products and saving more cause they only care about their quarterly sales and company growth.
2. middle class choosing healthier means of food over processed food.
3. middle class choosing environment friendly and cheaper means of transport over everyone having their personal vehicle on road.
4. middle class taking care of their finances and not falling into trap of hefty loans.
5. middle class educating themselves about simple and healthy living.
Middle class is busy in showoff,
Busy in purchasing I phone on emi.
once i believed my family is in so called " middle class" now I realised yup we r not in any " class" .We r just poor
@@sekharsyam163 it takes a lot of honesty and integrity to say this. Because middle clans is all about keeping up appearances. If we admit that we are not that rich, even people around us decide to look down and bully. So, respect to you, Sir. For your courage 🙏
Please do not make the mistake of putting yourself in categories decided by others , especially Wall Street Greedy people
You are poor because you want to stay poor otherwise who is stopping you from getting rich??
how much assets you have
@@msdadsfsx no assest just debts ...my family and life I have r my assests Just paying my bills having food atleast 2 times/ day and just enough dress to wear and a shelter to sleep these r my assests
just making enough money to ends meet ...responsibility r sooo much but fine going on ....happy wat i have never be jealous to rich ones never be frustrated or worried about not being rich...and I never stressed over to make money ..🙃
.may be becoz of that I am poor 😊😇
India has become expensive that’s why Indians don’t spent. Income is declining and expenses is rising.
E commerce responsible for income declination in rural areas
@@JoiAhomNope, I think people's reluctance to cope/adjust with the changes brought in by e-commerce is the issue in that regard, everything can't be blamed on the government you know. But I definitely agree with what the OP said, incomes ARE declining and prices ARE definitely rising. And for THAT, the government can definitely be blamed.
@@p-k98 yes , I am from Assam here money circulation was heavily dependent on service sector employee but since everyone is buying from online all money going out of northeast in to mainland and here local money circulation including retails have fully collapsed now people turning into thief and militants again
@@p-k98 unless you see you won't realise what I meant to convey if e commerce controlled there will be spike of 40% employment I challenge that
@@JoiAhomOh, I got your point now. But look at it this way, with the increase of e-commerce I think the employment has actually increased. Earlier there used to be offline retailers, needing workers to take care of maintenance of the shops and selling goods. Now, with the rise of e-commerce sites, there is still that need of workers for maintenance of their godowns, but additionally now more and more delivery agents are also needed. So wouldn't that have technically increased the availability of jobs? Just a thought I had, what do you think?
I bought a 14L car last year and 50% of it was taxes and cess. I have spent 50L in the last 4 years on hospital costs and didn't get any tax cuts or any benefits. Car was bought cuz of awful roads to hospital and not for enjoyment. There is no insurance or good hospitals from govt for whatever tax we pay. Ofc I stopped spending completely since I have a lot of loans now.
Good riddance bro. Now we can hardly manage to pay for necessities. Middle class does not have any money for luxury. I stopped ordering pizzas completely from 3 years, stopped going to multiplexes, stopped buying clothes except for kids. My extra expenditure has been reduced by 90%. Whatever money I save, I prepay my home loan which has also increased due to increase in home loan rates.
Income Tax 33%
Total tax on Cars 45%
Tax on Petrol - 237%
Toll Tax 10-20% (of the Fuel Cost)
Tax on Insurance - 18%
Property tax in India varies between 5.00% to 20%
GST on FMCG 18%
Duty on EV cars 100%
नंगा नहाएगा क्या और निचोड़ेगा क्या?? ना रहने लायक छोड़ा है, ना खाने लायक छोड़ा है, ना चलने लायक और ना जीने लायक छोड़ा है।
यही होता है जब गुंडों की सरकार बनती है।
Liar
Income tax is 33 percent for those above 10 lakhs meaning and Indian millionaire per annum. How is an Indian millionaire middle class.😂 vande Mataram
Now even on investment there is high tax and government has paused SGB sovereign gold bonds
@@ShaileshKumar-io2zn you fool first understand about inflation which me 10 to 15 percentage yearly how come 6 lpa will be a middle class fool like you will trust those idiotic news
Become farmer, and evade taxes. Sell grass to your company, instead of taking salary.
@@ShaileshKumar-io2zn 10 lakh = lower middle class
Do these and you'll see more consumer again 😉
1. Reduce taxes,
2. Produce healthy food items in the market.
3. Implement work life balance (so that people have time to spend on leisure activities).
4. Provide better employment and good salary.
5. Reduce education fee.
Wrong!
Five topics to fix society via discussion:
-Anti-natalism vs Natalism
-The 3 basic needs/prenatal needs
Three things necessary for human evolution that are provided while in the womb which are; food, shelter and medical care.
-Platinum rule
Do whatever makes one happier unless it interferes with another persons ability to do the same.
-MBTI (research yours and connect with others)
-Art (pick one and get better at it!)
So true about improving work-life balance. Without work-life balance, there is no time to spend with family and the youth will go without proper parenting and India will end up like South Korea.
Then i need to leave India😂
To reduce taxes we need to cut expenditures/services. So first name which expenditures/services you want to cut.
More middle class people need to start their own businesses for new income.
@@mukeshk5542 If you have a crore or two with you to lead an average middle class life in some Western country then do it.
Who stopped you ?
Thanks nirmala madam
He is right, India's middle class is shrinking and lower class is growing.
Heavy taxation, in return nothing.
Sitaraman should resign 🤬
Middle class is all who travel in bus, train 🚂, go to supermarket and buy goods 🙏 and has a income b/w 2.5 to 15 lakhs .
I earn around 15 lakhs per annum and govt happily takes 2-3 lakhs😢😢😢
Bro 15lpa is not middle class. Its below middle class nowadays, you need 20lpa atleast. Under 10lpa can be categorized as poor. Think of buying a 2bhk you need 60 lakh.
@@FirstnameLastname-b1z Then I am ultra poor..
2.5 lac per year is not middle class.. they are literally below middle class and just above poverty line...
She don't have any record everyone paying 40 to 50 percent of their salary to tax this fool don't know this
The prices are too high , today i went to buy naan , the shopkeeper was saying to his son we must stop making naan we can't afford it now .
That’s so sad, even shopkeepers can’t afford ingredients
@SadBoy-bq5rf that is so true but yet the elite people do not acknowledge this fact did you see how she like protected the government from being tagged as backward government she doesn't want to acknowledge the truth
Roads like Africa
Penalty like America 😂😂😂
Believe me when I say that Africa has better roads than India
Did you see how Africa really look like? Don't trust what people shown in movies about Africa
Its the fault of Indian people and society itself for the condition of the roads.
@@Anoymous464 there are still mud roads in north Africa and east Africa because of corruption like our nalle log
services like north korea...
Over taxation. That's why middle class is shrinking
You are correct 💯
Over taxation and lack of financial security.
Is Tax more or house prices, rents and medical expenses?
less than 5% of Indian population actually pays taxes .. let that sink in
NO, Rent, EMI's and School fee are the major Money eaters, almost half salary for 1 lakh earning guy is gone here, 1 lakh earning guy can't live decent life in metropoliton cities, Houseowners are having a great life
First thing is 1. Politicians and Bureaucrats stop the loot . You have looted enough 2. Create jobs. 3 India becoming top 5 global economy makes no sense for common man when our per capita GDP ranking is among the world's poorest
WE NEED ACTION AND RESULTS, NOT MEDIA GIMMICKS.
To be honest GDP is useless if per capita income is low.
There need strict regulations and laws that would protect people from getting poor because of private business or company
New politicians should also loot right? 😂 That trend never stops
Are Private Companies hiring ??
No even after paying lower taxed they won't hire nor train nor upskill people
All they want is creamy people with xp with good academics with big degrees
It's better to move out from here
Lol
Price of commodities keeps increasing. Tax is going from middle class pocket. School fees is skyrocketing.
SCHOOL FEES IS TOOOO MUCH JUST ITS LIKE LOOTING
And most schools & colleges are instituted under Trusts that operate as Not for profits . Never could understand how this works
@@aswathnarayana8945also, Modi is privatising most sectors
@@Aparna-vl4hgi agree with that move lazy babus will work hard for nation
Education is the biggest Scam in India
Fees that cost as much as making the Taj Mahal
Utility of Degree as much as the choked Nullah in the street
Car prices have doubled in last five years, but quality reduced. Also government forcing early scrapping of running condition cars in the name of pollution control. Middle class is unable to finance a new car now.
Come Nepal and ask petrol car price
Why would you compare Nepal with india... At a moment we r talking about india.... And that's true.... Everyone is suffering... I am just fed up of listening that market is slowing down... Not in just delhi but listening from other states too....
No income, high tax, high expenditures ....
I think at least education must be free of cost
Aur Jitao BJP ko. Age dekho nanga kar denge ye log.
Middle class should stop spending on new cars. Buy cheap second hand vehicles. Since we are expected to buy a new car every 15 years. Are we earning that much?
@@Dee-l9f6l compare Nepal how expensive the car is
Infaltion has risen by 100 - 120% in the last 5 years. Regardless of what the governement data says, the truth is that the price of everything from maggie to houses has doubled when compared to 2019.
Salaries have stagnated and tax terrorism by the govt continues at 30% .
The result - purchasing power has diminished in the last 5 years, ₹100 of 2019 equals ₹ 200 in 2024
It's striking that nobody seems to be discussing per capita income, while everyone is fixated on GDP growth and other economic indicators. Shouldn't we be looking at both to get a more complete picture?
We cant look at per capita income. Because there's nothing to look at. Also the stupid genz goes and stands 21 hours in line for rebadged i phone 11 calling itself an iphone 16. Every fcking person in this country is stupid to the core.
They play that same game in Australia. We have excessive immigration to falsely boost the GDP figures and homelessness just keeps growing every day due to lack of housing supply.
When the rich control the narrative the masses will speak the language of the rich ... GDP matters only to the rich not the poor ..
Huge taxation on everything & overpriced homes, overpriced flats..
28% GST on cars..is it justifiable?
Don’t vote for bjp the next time, I doubt economy will recover ever with their 5 years regime completing
@@j_Uy_8qwi8HbC9XLt4kpvQ its nothing to do now with one party. Govt made some mistakes in past but not now. Everything becoming costly in whole world
@@j_Uy_8qwi8HbC9XLt4kpvQ most of these taxes were introduced during congress era especially the investment based taxes although gst drama was done by the current losers and the ration and reservation system both major contributors to the overpopualtion and the destruction of India were all introduced by the congress party.I honestly think i would rather live under lord hastings than any indian
@j_Uy_8qwi8HbC9XL t4kpvQ
Economy can easily recover and boom if people with proven experience take financial matters at hand. BJP already has developed a very sound economic fundamentals of the nation, it needs more brains to create consumption boom
@@j_Uy_8qwi8HbC9XLt4kpvQ i remember that day when BJP came in power in 2014 mam that day we celebrate like crazy but after that we are struggling to get the basis things like vegetables and fruits it's so expensive 😢
All the Business are shifting to Gujarat & Uttar Pradesh.....rest of the India is on ICU.
Sav vote ke liye
Bhai me up se hu yaha bhi vhi haal he
Not Up only Gujrat...people are dying and this PM wants bullet train
Nothing in up, but in newspapers for vote 😅
Nothing in up
But in newspapers just for votes 😅
Buying a car means almost 50% of the amount is given to Govt in the name of Tax, Then again give 30% tax on fuel, give road tax and Toll Tax. Give GST on insurance. Buying a vehicle is just you are killing your wealth.
Pointed 🎉
True. we have to use public transport which means the government doesn't want us to grow. Government wants us to be in the middle class trap throughout our life, next our children will also be in the same state. Finally we all keep working hard , pay tax, eat, die and the next generation continues the same.
@@saibalroy_ even if a middle class person manages to buy a car, he is forced to trash it after 15 years. Our Wagon R was perfectly maintained and with PUC certification up to date. But we had to scrap it. Now we don’t have a car. Nor do we have the money to buy another.
this is called revenge savings. please don't spend money, until taxes are reduced, middle class can only protest by not spending, good going people
Excellent answer 🎉
This is the only way
But it started after covid period even my friend used to spend unnecesary at night by hosting party dinner etc now after covid no one spends money, even restaurant we go have a few customer , even started to buy bullion and withdraw ing money from banks slowly byvkeeping cash in handy, I believe people started to have fear about money management
Until banks start charging higher fees on maintaing savings account 😂😂
Brother middle class is F from all sides
Day by day this is becoming hell
Agree
My God all the essential cooking oils are almost Rs.200+ per kg or litter 🥺🥺🥺🥺😳 and same is with daal, aata, chawal their prices too increased almost 150 to 200% from 2014...aam admi nahaega kya aur khaega kya
BJP is looting from poor and middle class
Sahi
Well said brother... situation is really bad..PM ko bullet train chahiye...uska sapna humare se tax leke pura karega
Government is bleeding us dry .. even one samosa cannot be ordered without tax .. life is tough now
Yes absolutely,
According to her - "The good thing is that Finance Minister has acknowledged the sluggish demand.". It's like saying the good thing is barber groomed my hair or the good thing is doctor is seeing the patient. That's Finance Minister's job. Calling it a good thing shows how much the media bows down in front of the government.
She is from modi godi media as we know all
Yes she is pro Godi media....ppl are soon realizing what a mistake they made by allowing Bjp come back to power....throw the Bjp out...throw the Godi media out
She is part of corrupt coterie of Godi Government
Like most Indian news anchors, she is an apologist for the government of the day.
She means it's a good thing that the Govt has at least noticed this and it implies that steps will be taken to address the issue.
2016- demonetisation
2017- gst roll out
18-19-economic in recovery
2020-2021-2022- pandemic
All these wreaked havoc on the middle class and RBI is still maintaining high repo rate…shrinking the demand and investment
when 40% of salary dedecuted for direct taxes, 20% for GST, kids education, rent, grocery.. there is no money left for spending.. the problem is middle class money is getting looted by Govt ..
Well said..post 2014 condition has been worse
How will middle class grow when there are no jobs and those who have jobs are taxed like shit to serve upper and lower class.
Tax k paise adani ka qarza maaf krne m khtm hojare. Gujrati dost k liye sab se tax lekr usko 3rd position pr bhjya.
I drive a 2006 Suzuki hatchback which is in excellent condition. I buy Himalaya herbal toothpaste which is cheaper and better than the flagship. I make pizza at home instead of buying from an mnc. I buy rs 100 basmati instead of rs 300 basmati. I squeeze fresh lime rather than buy pepsi branded juice. I buy reasonably priced good quality clothes from new startups in Raj online rather than on myntra.
My choice.
Thats great 🎉🎉🎉
As a pizza lover, I only wish that I was not lazy to make pizza by myself 😅
Still you can't drive a 20 year old car on the road 😂
Else police will stop you
Just fyi... Himalaya brand is halal. Caveat emptor.
@@rahulnikam9700😂😂
My salary increases so are the taxes. Already taxed money is taxed multiple times in the name of GST. We r literally strangulated. No wonder middle class slide down to lower class.
Thanks for voicing out
Finally this channel talking about indian issue.
Now they will call it Anti India or terrorist organization 😂
Every year inflation is 7-8%, my salary increment is 2-3% for last 7-8 years. My income is used for all bills, groceries, medicines for my ageing parents which are all increasing exponentially, then medical insurances .. plus gst and taxes on everything even if u breathe they will put taxes next. How can a middle class person live? I forgot what it's like to spend on something i like or want. And i am a software engineer supposedly earning in the top 5% of indian bracket
I wish indian govt stop double/ triple taxation on salaried class.
yes Income tax should be removed. GST is too big
Salaried are economic slaves 😂
The middle class is shrinking because it is bearing the brunt of the stupid tax policies of this govt, more specifically the PM and the FM who dont even know how the evonomy works.
Absoutely correct..stupid finance minister is deaf and dumb.
Very true. Sucking money from middle class is the only economics/financial planning they know.
See the definition of middle class in the video....now tell me who is earning 6.5 lac per year and they are paying how much taxes...please explain
And who pays for freebies and infrastructure? 95% population claim to be farmer and don't pay tax. Who pays MSP subsidy?
Pappu knows economy best
Only one person responsible - Nirmala ji 😂
bai hai wo.. ji ka aukat nhi rakhti wo... wasooli bai
And what about freebies all want? Who pays for it?
Everybody ( except government) knows there is inflation
@@LearnWithVikram7usko freebies nehi bolte tax sab dete direct ya indirect ya through inflation
@@keshabroy6167 oye chacha but who pays for freebies? Try telling those freebies wallah to not take freebies
SIMPLE SOLUTION !!! Increase Salary of MIddle Class while not increasing tax = Increase in Spending. FYI Middle Class need MONEY after all BILLS to SPEND.
Looks like government employee who lives on tax payers money
Increasing salary will lead to inflation. India's population is too high
Basically the std of living increased so they should marginalize the taxes from 3l-5l
Taxpayers must be from 5-10l in one group
And this madam is a godi media outlet basically Zee news. She won't directly ask the govt she'll say this that thing and finish her news
@@mlg1279Salary is proportionate to productivity
@@Apache1970 Not really. Most government employees are unproductive - but enjoy good perks and large salaries
To improve spending among middle class reduce the price of petrol / diesel inflation would reduce.Oil price at Rs.110 is killing middle class
India's middle class wasn't big to begin with. Anyone above poverty is termed middle class. Most of the so called middle class is actually lower class
There are no such things as middle class, rather working class.
@@SG003 in our country, most people identifying as middle class are actually working class.
@@Dillikidastaan even Sudha Murthy identify himself as middle class 🙄
@@SudhanshuKumar-b7o She perhaps says that in reference to her beginnings in life and personal values.
Thanks to Mrs Nirmala Sitharaman. Now everything is so costly that people stopped spending their valuable money on useless luxury items
And as per her we should all sit in front of
Temples and beg with Katoras
Everything is very costly. Education, medical, groceries and vegetables, transportation etc. That's one reason i am still not married and don't have children.
It's not shrinking, but people are becoming more aware and cautious on spending carelessly.
It's a good sign. Consumerism is a curse.
That what it is seeing not only taxes I used to tell that after covid people became financial consciousness by spending less on unneceasary items less loans, in fact people started buying black gold from smugglers I saw from local peoples, even people age 20-40 people spend less and low cost items, I believe covid taught people of saving money
Got a sensible comment
Are you high on something seriously in recent years I used to buy vegetables and fruits because I had money and things were cheap but now I'm buying only vegetables both are expensive but people can survive without fruits. I'm not buying fruits because I don't have money and it's so expensive. Same goes with the other things. Tum vhi log ho na jo tamatar mahnge ho jane pe tamatar khane ke nukshan bata te ho or lashun or pyaaz ke price badhne pe bolte ho mai to khati hi nhi .
ok agreed . Also there is news that there is an increase in rural consumption .Rural India sees 60% surge in FMCG basket size, reflecting rising consumption patterns in 2024; reveals Kantar-GroupM report . Further According to the data released by the Society of Indian Automobile Manufactures (SIAM), the total domestic two-wheeler sales in India in October 2024 were 21,64,276 units. This accounts for a 14.2 % YoY increase compared to October 2023 . How this can be possible ?
It is shrinking
Credit goes to government of India.
All the money goes to Tax , Rent , fuel , kids education and food . Where will people will have money to spend on other stuffs.Thanks Palki for bringing this up.
Palky is putting figures are nonsense.white washing brainless idea of modi
Indians are moving from packaged food and chemical products to nature based and indigenous products. Thus these decades old companies are facing a rut. I myself try to use plant based toiletries and personal care products and not to mention food items.
Are you living in a Resort?
Yes Awareness Products of all MNC are useless
I don't know about you but am taxed a lot by the government of india .Whatever i earn from stocks and business ,government takes a large chunk of it to feed daIits/STs and give them freebies ,government is determined to Ioot middle class especially General and OBC middle class .
Stop crying. At least you can see with your own eyes all of the actual boots on the ground development. @@pritsingh9766
Thanks they are selling health hazardous product
Good to see this lady finally speaking the truth
indian govt : "indian middle class is exploding"
india inc: "indian middle class is shrinking"
Probably Indian middle class is moving away from sugary Garbage so called foods
Yes exploding and converting to poor pieces under the pressure of taxes
@@sachin36987well said 🤣
Any country growth depends on that country middle class economy, so if middle class shrinks then Indian economy will shrink with it.
😂 nice joke 😂 🤣 hahahahahai its the beginning of devlopment of India
All thanks to Nirmala Sitaraman and her policies
If you notice, much has not changed from congress times.
@@pavanshetty9806 did u live under a rock before 2014 ?? Everything was much much cheaper and affordable
No all thanks to BJP 😂😂😂
@@Bookaholic_ absolute Inflation always exists and 4 to 6 percent expected in a healthy economy . rate of increase was more in congress times except for few ocassions whicg is a part of cycle.Yes there is cycle but congress did not manage it well compared to BJP despite peaceful times.
Also the topic is tax. Stop deviating. That is dis honesty by you.
Also even in tge new topic, you are showing dishonesty via incorrect conculsion based on pourposeful half data .
Anybody who knows basics economics knows that your conclusion is based on incorrect procedure and therefore not a right way to judge performance of govt.
By your logic any future government having good ecomomic policies is bad because things will be more costlier then.
SHAME ON YOU
@@pavanshetty9806 But salaries are not growing at the rate of inflation. There are fewer jobs than before. What about that?
If Nirmala keeps screwing with the taxes and GST which screws the average family. Offcourse the spending will be less.
No he is working under BJP 😂😂😂
Bang on there Firstpost. My first reaction to the low demand in these FMCG sector was also that it is not due to shrinking middle class but their changed opinion about packaged sugary food which is slowly getting out demand.
Yes its true , excessive govt taxes n higher electricity bills r the major reason 🤨
India’s 🇮🇳 middle class is shrinking, with higher taxes putting more strain on their finances. Many millionaires are also moving abroad, particularly to Dubai, to escape heavy taxation, which is an alarming trend. Meanwhile, taxpayer money often funds political freebies. Job losses from COVID-19 have taken a toll, and higher taxes on LTCG, short-term gains, and a ban on crypto have made it harder for people relying on trading to make a living. As many consider leaving India, it’s time to reflect on the challenges ahead.
Truth is barber, fruit and vegetables seller, bike mechanic, food stall r earning much more than even post graduate people.....
Worth of Education to earn big is getting to its lowest point 😢
Only STEM feilds are doing well
Nah bro
@@ankushmukherjee3219no bro even the post doctorates are struggling. Investing 10 yrs after school for peanuts in salaries.
That's wrong....just because one businessman is earning well not necessarily mean everybody's earning the same way. But they're in better condition because they don't have dreams or expenditure of a middle class.
Start up
Guarantee some costumer
But jobs are not guaranteed
The economic cycle is not working. The money that reaches the government isn't being passed back to the public😢
50 % of earnings is taxation, what the shit you expect
This is a huge problem...grocery is high, rent is sky high, salary remains the same... This is horrible
When Modi was supporting only big corporates, poor people supported him, like the trees they kept voting for the wooden handle axe.
Poor people didn't support him in the last election. That's why his party entered into a coalition. Next election, he is definitely out. The irony is this, the big corporates whom he supported would all be supporting the guy who is going to come next and that guy would repeat the same support given Modi. I suspect they're already doing that now. The thing is Modi and his team are clueless on the economy.
@@robinsonfrancis1498who do you think will win 2029 election?
I have decided to hold on to my 5 year old car for 5 more years
@@Abhibee4018 people started to use beyond 15 years also now.
i am still using bullet bike 2013 model and 2014 honda amaze ...will use till their 15 years of age ...then will not buy due to high taxes😅😅😅
Mee tooo 😂
Mine is 10 . Will hold on till 15
Bought a 2 year old car. I will keep it for more than 10 years. Will not pay extra tax. Trying to use my 10 year old alto as much as possible and keeping a newly bought old car for highways only.
lov that we need these palki..
The world's fastest growing economy with a shrinking middle-class 😂😂😂😂 do you still believe BJP's economic growth data? 😂😂😂😂
Ccp bot😂😂😂
@@deadshot6135 I thought India was doing good? No wonder all Middle class Indians leaving India to the West.
We are all screwed by two big parties all these years that's why we all are crying. Those parties only care about power & money nothing else.
Don't say against BJP you will officially declare anti India
@@hohohohorussiaputinsantayup people are fed of it
Nirmala Tai: Since GST collection has decreased due to low consumption, both direct and indirect tax rates will be increased
Middle Class in India is gradually undergoing extinction thanx to the pseudo dictatorship regime at the Centre which has done nothing to control inflation.
Did you see taxation on middle class ?
School fee now a days ?
Medical treatment expenditures?
We should learn from good things of west but hiking school fees and medical is seriously a concerning trend ..
Above all Indian middle class is so much over burden from tax 🙏🏻🙏🏻
If I’ll get a chance to move out I’ll not think twice but before I want to remain here and do something for nation but this nation is for rich only for middle this country is hell
Stop having children that's the only way you screw any government & filthy rich companies. As both need slaves & consumers to exploit & abuse.
See how Japan is crying over decreasing population. They exploited & abused the general population with unaffordable pricing & over work . People are teaching lessons to them.
The government economy & military power will be screwed for exploiting common people & helping rich & rich people will be screwed because they won't get cheap labour & consumers anymore. Until we stop producing labour or workforce nothing changes.
Journalism ✖️
Govt spokesperson ✔️
Pappu Follower spotted
@@hyacinth1986 got your 2 pc / comment ?… be happy now 🙏
Keno khankir chele ??
@@TheThoughtfulBikerwhy ? You think your comment is something great?
But here it nothing wrong with journalism
The government is squeezing the middle class by imposing heavy taxes. We were planning to buy a new SUV but dropped the idea and still using our old hatchback car. I have completely stopped buying frizzy drinks, biscuits and other processed food items and bake cookies and cake at home. I cook pastas and chicken rolls for my kids rather than ordering food online.I don't take my children to shopping malls but encourage them to play outdoor games. We have decided to stay in a suburb where there is a playground near our home rather than living in the heart of the city though we have a property there. I don't buy unnecessary clothes in the name of fashion and spend our disposal income in travelling to new places rather buying things and stuffing our house.
What do you do? You seems rich
Dafaq 🤣
Just because we are not buying international/big brands, doesn't mean we are poor, our preferences have changed...... It's only so much wealth want to buy, we are not Americans to throw money at things....
Exactly, we don't want to throw away hard earned money. Not buying car or any auto mobiles doesn't mean we are sluggish. When there is huge amount of parking and traffic problems, some are avoiding to invest on some thing which is a dead investment.
Exactly ❤
Plssz say it loud...
If only the Public Passenger Transport options could be increased.eg metro and overground rail, more buses, more frequently, more eRickshaws for last mile...it will be fab
1.09lakh ($1296) per year middle class of India 😂😂😂. Every other explanation will 😭
Hope Nirmala aunty listens to these big businessmen and understand that middle classes are the backbone to taxes even if they're not a backbone to their votebank politics
No way. She will say stop eating onion if onion price go up, stop eating food if the food prices are going up. Become a begger if midlle class taxes are increasing.its a crime to be born as middleclass in india
In FMCG network marketing companies doing well....
I don't buy from super market.
All thanks to our dearest Nirmala ji.. 🙏🙏🙏🙏.. you are the best FM evvaa.. middle class now started to think that it's better to be falling under tax bracket (thereby giving up high paying/ stressful job = shrinking demand) and don't pay any crazy taxes
Nirmala in next budget - " we will increase more taxes to midlle class because middle class is shrinking"
😂😅😢
Nice comment give 18% GST
Absolutely. We, the middle Class,are in big danger
Our economic advisor says, If the real state of economic state is considered then India in 1947 is same as India in 2024. If this 77 year adjustment is made then India gdp per capita in 1947 was 2730$ equivalent of 2024. The projection is nearly same for 2024.. Hard reality guys..
This is nonsense. Just compare conditions of your state, your district, your panchayat with conditions 10years ago.. I can see huge improvement in terms of electricity, tap water, internet, cooking gas penetration.
@@SrutiSamHis brain is as shiny as his bald head for sure 😅
Yes@@SrutiSam
@@SrutiSamDuring British era there were no freebies but in current era there are freebies, that’s the reason why per capita income adjusted to inflation is almost comparable if not the same
Middle class is left with no money after paying taxes everywhere for the governments to give freebies.
Can you please explain to me is it good or bad??
Debt, inflation and higher interest rates is emasculating middle class.
Due to kind heart of our FM
Middle class are burdened with taxes and get poor public services in return. Inflation erodes their savings. Aspirations and dreams of economic mobility are plagued by lack of education and employment avenues. Disenchantment with the political class also runs deep and it is reflected in the voter turnout.
Finally, good news. Firstly there is no middle class. There is rich or poor. There is no middle ground. Secondly, salary is low and cannot afford due to inflation. Middle class disappeared because middle class lost all its money paying taxes. No proper investments, No savings.
Many of my colleagues prefer Local train becasue of heavy traffic. So, their vehicles are only on raod during holidays and festive seasons. I too have strict punch-in at my office...so to be on the safer side I too prefer train.
Govt & Finance Minister should be blamed for the lower urban consumption due to high taxes & GST
leaving india to settle outside can be the best decision if we are thinking of getting a better life. India is a good place to be if you want to start a business because there are severe lacks of emploment laws and we can exploit the workers. But if you are the worker then it makes ense to go out of the country. This country and the taxation and the people are not worth it
I just returned from West Bengal India and am appalled at the squandering wealth of the Indian families- with dangerously rising inflation, uncontrolled price gouging and corruption Middle class is shrinking because either they are getting richer or getting poorer. Roads in WB Kolkata have to be a blight on India's aspirations to be Vishwa Guru. Corruption is so rampant e.g. I wanted an upgrade to AC1 (which with the exchange rate I could afford but found Indians can too paying thousands) and within minutes one of the staff BVG I think written on their shirts- came and offered to help. I was told await next station and would confirm. Within 10 minutes I was whisked to an AC1 coach. I was told the TT would come and tell me the difference I have t pay. I sat and sat very tired and avoiding sleep until the BVG guy came with another guy and said the TT said the difference is Rs 980 and he sent us to collect it. I paid cash Rs1000 plus Rs 100 tip - never heard back from anyone, no receipts, no ticket no record. Meaning that money was shared with those staff of the record!
It is not only in India. Even here in Mauritius, the middle-class is disappearing.
We started consuming more healthy food, and discarding packaged food. So, It's is not middle class shrinking, rather middle class has improved.
🎉
Bhakt spotted
Palki wouldn't tell the truth that would make India losing face. World investment bank reported that world money was flowing into China, nothing into India. Apple has pulled the major i16 production line out of India due to unacceptably high rejection rate. Intel, Tesla didn't want to come. Jaishankar declared that India would "improve" the harsh treatment on giving visas to Chinese investors and engineers. Indian ministry of Economy even published a report advising that India needed the Chinese investment and supply chain as India failed to replace China in the world supply chain.
hey pathetic liar . all apple i16 are manufactured in india and exported , exports are supported , its over taxing of middle class and low income that is hurting sales growth in indian economy in general
china everyone is running away or closing down due to xi ping and his dictatorial policies which have killed
middle class in china ....most are sleeping streets or starving , falling sick and doctors are not paid for months and
massing people on streets to earn a living
Sometime back in 90's the world used to compare us with Pakistan and African countries...now they are comparing India with China and Europe....well we have came a long way.
@@dharan5314India was compared to China since the 70’s what are you smoking?
@@SadBoy-bq5rf not in 90's coz China already picked up under Deng xiaoping..
Central govt & state govt doesn't have any control on Health & education industry as these two sectors are looting people😢
Please make videos how medical. Education and tax terrorism effects middle class
Middle class is a myth. You are either rich or poor.
Middle class will collapse soon
Its good for india devlopment
@@kameshkumarnaik7942how being poor is good, is it stupid sarcasm?
Countries with the lowest household savings rate to GDP (World Bank 2024):
1. Guinea🇬🇳 = 1.91%
2. Zimbabwe🇿🇼 = 1.97%
3. Saint Vincent🇱🇸 = 2.0%
4. Lebanon🇱🇧 = 2.0%
5. Sao Tome🇸🇿 = 2.0%
6. Sierra Leone🇸🇱 = 2.4%
7. Libya🇱🇾 = 2.4%
8. Grenada🇬🇩 = 2.4%
9. Dominica🇩🇲 = 2.5%
10. Burundi🇧🇮 = 2.6%
11. Eritrea🇪🇷 = 2.8%
12. Montenegro🇲🇪 = 3.6%
13. Guyana🇬🇾 = 3.7 %
14. Central Africa🇨🇫 = 4.1%
15. Barbados🇧🇧 = 4.5%
16. Burkina Faso🇧🇫 = 4.6%
17. India🇮🇳 = 5.1%👈
18. Tajikistan🇹🇯 = 5.3%
19. Malawi🇲🇼 = 6.0%
20. Congo DR🇨🇩 = 6.3%
World average: 28%
China🇨🇳 = 49%
Palki: China's economy is collapsing and the Chinese people are suffering from high unemployment 😢
Truth hurts right
Right
China economy is does shrinking and no denying that but the reasons are different, China economy was fueled with lots of manufacturing and construction activity. Now China has necessary infrastructure so these companies local demand is decreasing, whereas for India the problem is in many sectors.
Source? Provide link please.
chinese bot uses half truths and selective data .
Highest tax in salary, no security from Govt after retirement. Cars have become very expensive, cap on diesel and petrol cars for 10 and 15 years. Things have become so expensive due to high tax...at last, people are listening to "Food Pharmer"
And the private sector have increased the costs but not salary because government is incompatible with regulations and adapt with inflation
It's non sense move to go like you earn 10k in 2010 same in 2024
Adapt with inflation
People don't have money to spend😂😂😂
A lot of Indian talk every day, they say you talk about about china every day like in india we don't have problems