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Out of 600 Million? Nearly 50% of our population is below 25yrs of age. and 50% of the rest is women. So how much of 1.3bn people should we count when we count a single household/man income?Right @ezsasa, the statistics being thrown around by @CrYsIs definitely stink. Like they say, "95% of all statistics are manufactured on the spot".
If one claims that any family earning above 18000 is "middle class", then your national middle-class is close to 300 million. If one claims that any PERSON earning above 18000 is "middle class" (completely ignoring housewives and children), then the national middle-class is close to 80 million (out of a base size of 600 million, since housewives and kids have been ignored).
You just cannot claim on the one hand that 18K is the definition for middle-class, and then claim that only 3% of PEOPLE in India out of 1300 million are middle-class. The figures don't tally, it defies common sense and has more holes than a sieve.
Also, household income is a much better reflection of wealth. And IMO PPP $ percapita is how you compare the wealth. Our is currently 5800-6000$ per capita. I think we would be out of miserable poverty if we can rise it to 10k-12k$ per capita which is just 1 decade of growth away. So everything is fine. We can do better yes, and a bit worse under CONs yes, but so long as we dont go full retard and vote in Commies, I think we are absolutely fine