In the financial year 2021, a majority of Indian households fell under the aspirers category, earning between 125,000 and 500,000 Indian rupees a year. On the other hand, about three percent of households that same year, accounted for the rich, earning over 3 million rupees annually. The middle class more than doubled that year compared to 14 percent in financial year 2005.

Middle-class income group and the COVID-19 pandemic

During the COVID-19 pandemic specifically during the lockdown in March 2020, loss of incomes hit the entire household income spectrum. However, research showed the severest affected groups were the upper middle- and middle-class income brackets. In addition, unemployment rates were rampant nationwide that further lead to a dismally low GDP. Despite job recoveries over the last few months, improvement in incomes were insignificant.

Economic inequality

While India maybe one of the fastest growing economies in the world, it is also one of the most vulnerable and severely afflicted economies in terms of economic inequality. The vast discrepancy between the rich and poor has been prominent since the last three decades. The rich continue to grow richer at a faster pace while the impoverished struggle more than ever before to earn a minimum wage. The widening gaps in the economic structure affect women and children the most. This is a call for reinforcement in in the country’s social structure that emphasizes access to quality education and universal healthcare services.

Income of individuals by age group, sex and income source, Canada, provinces and selected census metropolitan areas, annual.

Bangladesh HIES: Household Income per Month data was reported at 32,422.000 BDT in 2022. This records an increase from the previous number of 15,988.000 BDT for 2016. Bangladesh HIES: Household Income per Month data is updated yearly, averaging 9,341.000 BDT from Dec 1996 (Median) to 2022, with 6 observations. The data reached an all-time high of 32,422.000 BDT in 2022 and a record low of 4,366.000 BDT in 1996. Bangladesh HIES: Household Income per Month data remains active status in CEIC and is reported by Bangladesh Bureau of Statistics. The data is categorized under Global Database’s Bangladesh – Table BD.H010: Household Income and Expenditure Survey: Average Monthly Income per Household: by Income Group.

Low income cut-offs (LICOs) before and after tax by community size and family size, in current dollars, annual.

Survey of Household Spending (SHS), average household spending, Canada, regions and provinces.