In India, the share of the population that earned at least the equivalent of the highest ** percent of global income earners as of 2022 in purchasing power parity (PPP) terms was ** percent. Hyderabad topped the list with the highest share of middle-class and above category of consumers. Cities from south India topped the list with the first four ranks, followed by the national capital, Delhi.
In the financial year 2021, a majority of Indian households fell under the aspirers category, earning between ******* and ******* Indian rupees a year. On the other hand, about ***** percent of households that same year, accounted for the rich, earning over * million rupees annually. The middle class more than doubled that year compared to ** 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 ***** 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.
Between the financial year 2016 and 2021, the number of super-rich households in India earning more than ** million Indian rupees recorded an annual growth of **** percent. The growth is expected to continue in the next decade at **** percent. This will be the fastest growth across all income categories. The share of destitute households is expected to decline by almost * percent between financial 2021 and 2031.
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India Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 9.800 % in 2021. This records a decrease from the previous number of 10.000 % for 2020. India Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 6.200 % from Dec 1977 (Median) to 2021, with 14 observations. The data reached an all-time high of 10.300 % in 2019 and a record low of 5.100 % in 2004. India Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).
According to data published by the Pew Research Center, India is estimated to have had a shrinking middle class as a result of the global recession brought on by the COVID-19 pandemic. It is estimated that the number of people in the middle income tier in India decreased from ** million to ** million following the COVID-19 global recession.
In the financial year 2021, the number of super-rich households earning more than ** million Indian rupees went up to **** million from **** million in the financial year 2016. This was an annual growth of **** percent. The number is expected to grow to over **** million in the financial year 2031 and ** million households in the financial year 2047. This will be the fastest growth across all income categories. On the other hand, destitute classified Indian households with earnings of less than *** thousand annually decreased only marginally to ***** million in financial year 2021 from **** million in 2016. However, it is estimated that the number of destitute households will fall to just *** million by the financial year 2047.
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Disposable Personal Income in India increased to 296383300 INR Million in 2023 from 273364818.90 INR Million in 2022. This dataset provides - India Total Disposable Personal Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.
France was the first country to introduce the Goods and Services Tax or GST. Currently, nearly 160 countries have imposed GST/VAT in some form or the other. Some countries have VAT as an alternative to GST. Yet, conceptually, it is a destination-based tax imposed on the consumption of goods and services. GST is a tax that replaced many indirect taxes in India. Goods and Services Tax was implemented in India from 1 July 2017. Here in India, most of the population is middle class and lower middle class where people either belong to service class or they depend on agriculture for their livelihood. In this scenario, the most important question is what is the impact of GST on the common man or the middle class family.
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This dataset is about books. It has 1 row and is filtered where the book is Culinary culture in colonial India : a cosmopolitan platter and the middle class. It features 7 columns including author, publication date, language, and book publisher.
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Time series data for the statistic Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports) and country India. Indicator Definition:Merchandise exports to low- and middle-income economies in Sub-Saharan Africa are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Sub-Saharan Africa region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.The indicator "Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports)" stands at 8.97 as of 12/31/2023. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -4.07 percent compared to the value the year prior.The 1 year change in percent is -4.07.The 3 year change in percent is 12.14.The 5 year change in percent is 34.64.The 10 year change in percent is 5.34.The Serie's long term average value is 5.15. It's latest available value, on 12/31/2023, is 74.33 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1989, to it's latest available value, on 12/31/2023, is +2,120.64%.The Serie's change in percent from it's maximum value, on 12/31/2022, to it's latest available value, on 12/31/2023, is -4.07%.
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This dataset contains key characteristics about the data described in the Data Descriptor Physical activity, time use, and food intakes of rural households in Ghana, India, and Nepal. Contents:
1. human readable metadata summary table in CSV format
2. machine readable metadata file in JSON format
Versioning Note:Version 2 was generated when the metadata format was updated from JSON to JSON-LD. This was an automatic process that changed only the format, not the contents, of the metadata.
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India HUDCO: Number of Dwelling Approved: Residential: Middle Income Group data was reported at 115,318.000 Unit in 2019. This records an increase from the previous number of 203.000 Unit for 2018. India HUDCO: Number of Dwelling Approved: Residential: Middle Income Group data is updated yearly, averaging 6,086.000 Unit from Mar 2007 (Median) to 2019, with 13 observations. The data reached an all-time high of 115,318.000 Unit in 2019 and a record low of 203.000 Unit in 2018. India HUDCO: Number of Dwelling Approved: Residential: Middle Income Group data remains active status in CEIC and is reported by Housing and Urban Development Corporation Limited. The data is categorized under Global Database’s India – Table IN.ED009: Housing Statistics: Housing and Urban Development Corporation Limited (HUDCO): Number of Dwelling Approved.
In the financial year 2021, the average annual expenditure of rich households in India was over * million Indian rupees, a stark contrast to destitute category which spent ** thousand Indian rupees. A rich household spent almost ** times that of a destiture household, * times that of an aspirer household, and almost * times that of a middle-class household.
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Merchandise imports from low- and middle-income economies within region (% of total merchandise imports) in India was reported at 0.76123 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Merchandise imports from developing economies within region (% of total merchandise imports) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.
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The average for 2024 based on 20 countries was 16693.76 million U.S. dollars. The highest value was in India: 137674.54 million U.S. dollars and the lowest value was in Angola: 14.11 million U.S. dollars. The indicator is available from 1970 to 2024. Below is a chart for all countries where data are available.
a. The World Bank listing of low- and lower-middle income countries. b. The 11 trials that had sites in one or more low- or lower-middle income countries (other than India). c. The 23 publications linked to the 11 trials that had sites in one or more low- or lower-middle income countries (other than India). (XLS)
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The global news subscription service market size was valued at approximately USD 12.5 billion in 2023 and is projected to reach USD 22.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.0% during the forecast period. The increasing demand for reliable and unbiased news content, driven by the proliferation of digital devices and rising internet penetration, is a significant factor propelling the growth of this market. With more consumers seeking high-quality news that is free from misinformation, the subscription model is gaining momentum as a preferred mode of accessing news content.
The surge in digital literacy across the globe is one of the key growth factors influencing the news subscription service market. As more individuals become adept at using digital platforms, there is an increasing inclination towards digital news consumption. The convenience of accessing news on-the-go through smartphones and tablets has tremendously boosted digital subscriptions. Moreover, the shift in consumer behavior towards personalized and ad-free content has further fueled the demand for subscription-based news services, as consumers are willing to pay for tailored content that meets their specific interests and preferences.
Another critical driver of the market is the ongoing digitization and technological advancements in the media industry. With the advent of artificial intelligence and machine learning technologies, news providers are increasingly able to offer personalized content recommendations, enhancing user engagement and satisfaction. This technological integration allows for a more interactive user experience, which is crucial for increasing subscription numbers. Additionally, the ability to access historical archives, exclusive articles, and multimedia content has made subscription services more attractive to consumers, thereby driving market growth.
Furthermore, the global awareness of the importance of supporting quality journalism is playing a crucial role in the expansion of the news subscription service market. In an era where fake news can distort public perception, consumers are emphasizing the need for credible news sources, often opting for paid subscriptions to support journalistic integrity. The increasing collaboration between news agencies and tech platforms to combat misinformation also underscores the importance of reliable news sources, thereby enhancing the market's growth prospects.
Regionally, North America currently stands as the largest market for news subscription services, driven by the presence of major media organizations and a tech-savvy population willing to invest in quality content. Europe follows closely, where an increasing number of individuals are subscribing to digital news platforms for timely updates and analysis. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, attributable to its vast population and rapid digitalization. Countries like India and China, with their expanding middle-class populations and increasing internet penetration, are significant contributors to this growth trajectory. Meanwhile, Latin America and the Middle East & Africa are also expected to experience steady growth, although at a comparatively slower pace.
The news subscription service market is segmented into digital, print, and hybrid subscription types. The digital subscription segment dominates the market, as consumers increasingly favor digital platforms for their news consumption. The convenience of accessing news digitally via mobiles, tablets, and desktops is a primary factor driving this trend. Digital subscriptions often come with the added benefit of multimedia content, such as videos and podcasts, which enhance the news consumption experience. Moreover, digital subscriptions tend to offer more timely updates and breaking news alerts, which are increasingly important for today's fast-paced lifestyles.
While print subscriptions have seen a decline, they remain relevant, particularly among older demographics who prefer the tactile experience of reading a physical newspaper. Print subscriptions still hold a significant share in regions where digital literacy is comparatively low, or where there is limited internet access. These subscriptions often appeal to a niche market that values the aesthetic and traditional aspects of print media. Some consumers also appreciate the curated and in-depth analysis often found in print editions, which may not always be available in digital formats.
<In the financial year 2021, the average annual saving of rich households in India was over *** thousand Indian rupees, a stark contrast to destitute category which saved only five thousand Indian rupees. The middle-class saved almost *** thousand Indian rupees annually. During the year, a rich household spent almost ** times that of a destitute household, eight times that of an aspirer household, and almost three times that of a middle-class household.
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India Full Service Restaurants Market size was valued at USD 11.12 Billion in 2024 and is expected to reach USD 26 Billion by 2032, growing at a CAGR of 11.2% from 2026 to 2032.Key Market Drivers:Increasing Middle-Class Population: India's middle class is one of the world's fastest expanding groups and its expansion is important to the growth of the FSR market. By 2030, India's middle class is estimated to number more than 600 Million. As the middle class grows, so does the need for higher-quality, variety eating options, as people with larger discretionary incomes go out more frequently.Increasing disposable income: As India's economy grows, disposable incomes rise rapidly. By 2025, it is expected that the average disposable income of Indian households will increase by more than 10%. This increase in disposable income is driving up spending on discretionary items like dining out.
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MPOC 20 and MPOC SP has been used to evaluate Family centered Services in India for the first time
In India, the share of the population that earned at least the equivalent of the highest ** percent of global income earners as of 2022 in purchasing power parity (PPP) terms was ** percent. Hyderabad topped the list with the highest share of middle-class and above category of consumers. Cities from south India topped the list with the first four ranks, followed by the national capital, Delhi.