How can India bridge the gap between its middle and median class?
Middle class income levels are still a luxury for majority of India's population
Everybody knows about the great Indian poverty debate and the huge increase in the number of dollar billionaires in India during the 25 years of economic reforms in India. What about the proverbial middle class though? What are its numbers and level of well-being? Does it refer to the median population between the rich and poor or is it more of a socio-political construct? Existing research and statistics show that the latter is more likely to be the case.