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Those who are talking about the level of 900 Three digit
The varying degrees of estimates ensue as there is no single or basic defining criterion for pigeonholing Indian Middle class. The definition is still at large as there is no consensus on whether to use income criterion, Consumption/ Ownership Criterion, or to use Households or Individuals for defining Indian Middle Class.
The international middle class using 100 $ Branded sports Shoes, or 50 $ Branded Jeans is significantly more affluent or better off than Indian middle class. The equivalent Indian Middle class and by this lens (used by MNCs) would be around 100-125 million.
Those really interested can further look into: "Winning in the Indian Market: Understanding the Transformation of Consumer India"- Rama Bijapurkar or go through Hansa IRS Research,[url=http://monclerjackedeutschland.albirank.net/][b]Moncler Jacken Outlet Sale Moncler DaunenJacke Online Shop Deutschland[/b][/url].
Last year was 2012 (the ET link dates back to 2011) and a relatively recent 2012 article is here. Try figuring out. And also 5 members per family,[url=http://duveticavestesfr.halod.com/][b]http://duveticavestesfr.halod.com/[/b][/url], by my criteria of per person 1- 1.5 lac you get upto 7.5 lac. and taking a conservative 6 lacs also. if you remove those above 6 lacs per family (not middle class for me,[url=http://rogervivieroutlet.webmium.com/][b]http://rogervivieroutlet.webmium.com/[/b][/url], 6 lacs is big in Indian context) the population of India is mostly covered. Now its upto you who to fret about. The ones who work so this Country can still run. OR the ones who eat of their hard work. Take a pick and move on. Youll end up being Greece or Germany depending on what you pick up.
In reply to : netdo message
Foreign tourist inflows into India have registered a significant drop of 25 per cent in the last three months of the year in the wake of rape incidents reported in India,[url=http://giuseppezanottiweddingshoes.webmium.com/][b]giuseppe zanotti wedding shoes Shop[/b][/url], according to a survey undertaken by the Assocham Social Development Foundation (ASDF).
Assocham surveyed 1,[url=http://parajumpersparkamen.webmium.com/][b]http://parajumpersparkamen.webmium.com/[/b][/url],200 tour operators from different cities. The reasons for the drop in foreign tourist arrivals are safety and security issues and the global economic slowdown.
Much deserved,[url=http://duveticavestesfr.halod.com/][b]duvetica vestes paris[/b][/url]. I would say it should drop even further. A country and a government ignorant of its peoples safety and concerns dosent deserve any tourism money. Let them money not come. Let the people (who at most times ill-treat tourists and exploit them) not earn of their arrival to our country. Until we start disowning criminals (sorry to the liberals no sympathy for criminals here) we will always be a rubbished country,[url=http://rogervivieroutlet.webmium.com/][b]roger vivier australia store Buy Roger Vivier Shoes In Roger Vivier UK Online Shop[/b][/url].
I tink you confuse what you define the midle class. Like a true socialist the hatred for working class is but obvious but lets put facts STRAIGHT and not distort them for the gullible,[url=http://cheapsoccercleatsonlinestore.blogspot.com/][b]cheap soccer cleats online store[/b][/url].
In India we define middle class as the people who even ear nsay 1 - 1.5 lacs a year. For me they can barely make ends meet. I think the "Middle Class" which you refer to the one which can afford fancy big cars, guzzle diesel and go to Switzerland is around 1-2% of India. And factually you are more than incorrect that the middle class is responsible for CAD. I dont think you read what i posted as usual.
The article talks of our dropping competitiveness. It is because we are making our poor lazy with dumb welfare ideas,[url=http://parajumpersjacketwiki.blogspot.com/][b]http://parajumpersjacketwiki.blogspot.com/[/b][/url]. Live with it. You can keep blaming whoever and whatever without changing the reality dear netdo.
In reply to : netdo message
The third quarter current account deficit,[url=http://woolrichschweizshop.albirank.net/][b]http://woolrichschweizshop.albirank.net/[/b][/url], which came at 6.7 percent, much uglier than estimated 6.4 percent,[url=http://2013rogerviviershoessales.blogspot.com/][b]http://2013rogerviviershoessales.blogspot.com/[/b][/url], points at India`s waning competitive skills in the global market, Subir Gokarn,[url=http://giuseppezanottiweddingshoes.webmium.com/][b]giuseppe zanotti Designer Wedding Shoes Online[/b][/url], former Reserve Bank of India (RBI) Deputy Governor observed in an interview on the Indianomics show on CNBC-TV18.
"There is something fundamentally wrong with the competitiveness situation. If the trade gap is close to USD 60 billion,[url=http://cheapsoccercleatswithfreeshipping.webmium.com/][b]cheap soccer cleats[/b][/url], over 12 percent of gross domestic product (GDP), suggesting that we are not able to sell to the rest of the world effectively and we are increasingly dependent on rest of the world for our domestic consumption," Gokarn said.
India is consuming more from the world than it is able sell to the world and it is bridging this gap with more and more foreign exchange loans. While at this moment current account deficit is being financed through Foreign Institutional Investment (FII) flows in equity and debt, in the long term it may prove to be very harmful for the country as any small disruption can change the trend of these flows.
Same old points. We are consuming imports,[url=http://rogervivieroutlet.webmium.com/][b]Roger Vivier UK Online Shop[/b][/url]. Competitiveness fading (lacking productivity to export) and the risk over dependence on debt and FII flows brings. High time we admit flaws in our system,[url=http://woolrichoutletde.albirank.net/][b]Woolrich Deutschland[/b][/url].
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