March 23, 2014

The Myth of India's Middle Class

Julien Bouissou, Worldcrunch

The Associated Press

The concept of the middle class gained momentum during the years of strong economic growth that followed the liberalization reforms initiated in 1991. Such banks and consulting firms as Goldman Sachs and McKinsey were only interested in indicators like the average number of television sets or income per household, and kept repeating that India was bound to overtake Europe in economic progress. Sure, most of India's middle class shops in malls and buys refrigerators. But does that mean that they all share the same political aspirations and grievances?

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TAGGED: India

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