“Despite trying hard, Rahul Gandhi can’t do ordinariness; the dynast’s mass outreach programs smack of insincerity”, First Post, August 22, 2023:
“A country of India’s size, population density and stage of development curve will suffer from chronic income inequalities when the scourge plagues nations far ahead of India in the metric, such as China.
By all available measures, however, India is steaming ahead. Its economy is growing at the fastest clip among large economies despite a global downturn, and all rating agencies and surveyors are putting India ahead, be it a short term projection or a very long one.
Parsing through income tax data, a major report by SBI, India’s biggest bank, has found that average Indian middle-class income has risen over the years, growing from (weighted mean) Rs 4.4 lakh in fiscal 2012-13 (FY 2013) to Rs 13 lakh in FY 2022. The report also captured the transition of the lower middle class to higher income levels over the past 10 years, calculating that since FY 2011, 13.6 per cent of the Indian population left the lower income strata and migrated upwards by FY 2022…..”
Read the full article at Firstpost.com