4 ms·
> Their middle class is bigger than that of the USA or I think even that of the entire EU. According to Wikipedia: "Indian middle class is 3% or 40 million of
by simongray 7y ago
> Their middle class is bigger than that of the USA or I think even that of the entire EU.
According to Wikipedia: "Indian middle class is 3% or 40 million of Indian population."
That's not a whole lot of people and definitely not comparable to North America or Europe.
https://en.wikipedia.org/wiki/Standard_of_living_in_India https://en.wikipedia.org/wiki/Standard_of_living_in_India
- geogra4 7y agoIt's about the same size as France, who matches India in real gdp
- simongray 7y agoThat is not the claim that was being made though. The one I replied to said India's middle class was bigger than the American and European ones. Being comparable to country with 5% of India's population basically just underlines the fact that India's middle class is tiny.
- accidentaldev 7y agoThe same article has other stat that says anywhere between 30-300 million are considered middle class. Is there a consensus among economists on what the real number is ?
- simongray 7y agoIt's obviously not an exact science, since "middle class" has as much to do with how people define their own social status as it has to do with their actual income. But those measures counting hundreds of millions of Indians as middle class are doing that by including people surviving on a few dollars a day. Maybe in an Indian context where poverty is widespread this is considered middle class, but it's quite misleading to present that as middle class to a Western audience.
- oblio 7y agoI'm willing to bet that the disposable income of the US/EU middle classes exceeds that of the Indian one at least 10:1, for now.
- saimiam 7y agoMy wife’s most cited and quoted paper is on correctly defining the Indian middle class. Happy to share the link if there’s interest.
- stallmanite 7y agoI’m interested, please post the link to the paper.
- selimthegrim 7y agoYes, I’m interested too.
- saimiam 7y agoOriginal paper (pdf): https://www.researchgate.net/profile/Sandhya_Krishnan/publication/317345165_Rise_of_the_New_Middle_Class_in_India_and_Its_Changing_Structure/links/59351c750f7e9beee7d17724/Rise-of-the-New-Middle-Class-in-India-and-Its-Changing-Structure.pdf?origin=publication_detail https://www.researchgate.net/profile/Sandhya_Krishnan/public... Quora answer quoting her work (layman’s terms): https://www.quora.com/How-big-is-Indias-real-middle-class-in-2018 https://www.quora.com/How-big-is-Indias-real-middle-class-in...
- saimiam 7y agoOriginal paper (pdf): https://www.researchgate.net/profile/Sandhya_Krishnan/publication/317345165_Rise_of_the_New_Middle_Class_in_India_and_Its_Changing_Structure/links/59351c750f7e9beee7d17724/Rise-of-the-New-Middle-Class-in-India-and-Its-Changing-Structure.pdf?origin=publication_detail https://www.researchgate.net/profile/Sandhya_Krishnan/public... Quora answer quoting her work (layman’s terms): https://www.quora.com/How-big-is-Indias-real-middle-class-in-2018 https://www.quora.com/How-big-is-Indias-real-middle-class-in...
- saimiam 7y agoOriginal paper (pdf): https://www.researchgate.net/profile/Sandhya_Krishnan/publication/317345165_Rise_of_the_New_Middle_Class_in_India_and_Its_Changing_Structure/links/59351c750f7e9beee7d17724/Rise-of-the-New-Middle-Class-in-India-and-Its-Changing-Structure.pdf?origin=publication_detail https://www.researchgate.net/profile/Sandhya_Krishnan/public... Quora answer quoting her work (layman’s terms): https://www.quora.com/How-big-is-Indias-real-middle-class-in-2018 https://www.quora.com/How-big-is-Indias-real-middle-class-in...