“Let’s stop pretending to India. It has a huge medium layer.” – A stubborn, traditional definitions asked, and the discussion of the discussion

In a varied economy like India, the term “middle layer” is often used randomly, leading to widespread ambiguity about its real definition. Traditionally, the Indian middle layer is often defined by different income skeletons.

For example, the National Council for Applied Economic Research (NCAER) defines the families of the middle class that they earn between 5 Rs. But Redditor has called attention to the constantly advanced definition of the Indian middle class.

This publication repeats the common idea that individuals who gain between 67 % to 200 % of average income are classified as the middle class in India. “But I am not satisfied with this statement because income in India is not transparent because of the irregular sector and the intermediate income varies completely in the city of 1 of the first and rural class.”

Reddor drew attention to the shortcomings of this definition, especially given the enormous variations in the average income between urban centers and rural areas. In the major Indian cities, the cost of living is much higher, which changes the threshold of what can be considered the middle class.

Moreover, the irregular sector, which uses a large part of the workforce in India, represents additional challenges due to the lack of documented income, which makes the usual economic measures less effective.

To address these contradictions, a more comprehensive framework has been proposed, which includes three basic criteria for identifying the middle class. First, it is important to meet all the basic needs, including housing, food and education.

Second, there should be a degree of financial security that enables individuals or families to bear economic shocks without falling into need. This includes obtaining expenses of at least six months and provided and maintaining health insurance and insurance insurance. These measures ensure that the middle layer can avoid financial ruin in the event of unexpected conditions, although they may still lead to low quality of life.

Moreover, the available income and savings play a basic role in identifying the middle layer. The individual or family should be able to provide at least 20 % of his income. In addition, getting 5-10 % of income is available for estimated expenses a distinctive feature of the middle layer condition. This part of income allows non -basic spending, which enhances the quality of life and enhances economic stability.

One of the important indicators of the middle class is the ability to withstand a small local journey once a year, which reflects the financial flexibility and the ability to spend on entertainment. These factors combined provide a more accurate picture of the middle class until just the brackets of the income.

The post concludes that the concept of the middle class cannot be strictly limited to income rates in India. Looking at the broader economic and social factors, such as financial security, savings, and estimated spending, is extremely important to a more accurate classification.

Make the post the way for a detailed discussion about Redit. One of the users concluded that “let’s stop pretending that India has a huge medium layer. No.

Another user participated that “the gap between the rich and the poor slowly.” “The middle layer is done artificially slowly as a reaction to the actions of the rich. If there are a very few middle -class population, who will consume the products/services created by the wealthy?” The user said.