What is a middle class salary in India?

What is a middle class salary in India?

India’s National Council for Applied Economic Research, which defines the middle class as those with household incomes between Rs 2 lakh and Rs 10 lakh per annum, estimated India’s middle class to be 153 million in 2010.

How do you classify middle class in India?

Definition provided by the National Council of Applied Economic Research (NCAER) locates the middle class between a household income of 2 Lakhs per annum to 10 Lakhs per annum.

What is the monthly income of a middle class family in India?

Conversation. Who exactly is Indian middle class? 90% of Indians make less than 25,000 monthly. If you’re making > 1L a month, you’re among top 3%.

What is the classification of middle class?

The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $61,372 in 2017, according to the U.S. Census Bureau. 21 Using Pew’s yardstick, middle income is made up of people who make between $42,000 and $126,000.

What salary is above middle class?

For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich….What Is a Middle-Class Income?

What is upper-middle class income?

A family earning between $32,048 and $53,413 was considered lower-middle class. For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.

What is lower middle and upper class income?

While you can break down class by income, economic class is more complex, experts say. Dec. 16, 2021, at 2:28 p.m….What Is a Middle-Class Income?

What is upper middle class income?