3 ms·
The concept of a middle class doesn't really apply particularly well to India in terms of it's use in economics. I have found in my experience that people who r
by rudiv 6y ago
The concept of a middle class doesn't really apply particularly well to India in terms of it's use in economics. I have found in my experience that people who refer to themselves as upper middle class (in the Indian context) are usually simply embarrassed to admit that they are members of the upper class, since they don't see themselves as such. Economically, they undoubtedly are.
Edit: Having checked, the annual pretax income required to be in the top 1% of earners in India is 77000 USD.