Is the Indian Middle Class Shrinking? | Cracknomics Ep 17
#middleclass #indianeconomy #growth #kshapedeconomy #inequality The data has been suggesting it for some time. Now that the festival season is right here, it is clear that the purchasing power of the middle class has shrunk and so has its size. The rate of consumption has come down to 3.5%, then how is the economy growing at 7%? Be it the consumption data, the household savings data or the income tax data, everything points to a simple fact: the size of the middle class has reduced. Along with it, its voice has also cowered in the political sphere in the country. Join The Wire's Youtube Membership and get exclusive content, member-only emojis, live interaction with The Wire's founders, editors and reporters and much more. Memberships to The Wire Crew start at Rs 89/month. https://www.youtube.com/channel/UChWtJey46brNr7qHQpN6KLQ/join
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