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231 sats \ 1 reply \ @TheMorningStar 4 Sep \ on: Risk of India falling into middle-income trap is low econ
The risk has only decreased as said so, the danger of falling into the trap still is there! If anything goes wrong with the economi. policy now, the first we'll be talking about the middle class trap.
I also belong to a middle class (or so j assume). My family income is 40k InR and living in a town. Our fouty thousand are so sufficient now.
If I add 10% inflation rvery year, the middle class income for India shoud be anywhere between 100k inr to 110 Inr which I think Indians will easily be earning by 2035.
So true! The Indian economy has been growing with a lots and lots of poor people. What about them? Will they reach at middle class income?
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