Average Income Of Upper Middle Class In India

A person working in india typically earns around 31 900 inr per month.

Average income of upper middle class in india. Or maybe 2 hatchback such as i10. This is the average monthly salary including housing transport and other benefits. At the bottom 92 3 of adults have wealth less than 10 000. The economists have used an income threshold that defines middle class people as those living on between 2 1 52 to 10 per person per day valued at 1993 purchasing power parity ppp dollars.

Although making a high income is nice having a high net worth is more important. The chart shows india s wealth pyramid. When the local cost of living is taken into account the income of the seekers and strivers looks more like 23 000 to 118 000 which is middle class by most developed country standards. The standard of living in india shows large geographical disparity as well.

Minimum salary of 12 lacs ctc before taxes. The median net worth for the middle class hasn t changed for decades. The median income of the middle class by by household size. The average wages are estimated to quadruple between 2013 and 2030.

Let s take it one step deeper and look at various household sizes. Can think of buying a 2 bedroom apartment on loan in a average location in a city such as bangalore. Conversely the median net worth for the top one percent has performed extraordinarily well during the same time period. High incomes come and go.

Salaries vary drastically between different careers. Seekers range from young college graduates to mid level government officials traders and business people. Above that in the 10 000 to 100 000 bracket we have 7 2 of indian adults. The median income of the middle class as of 2016 was 78 442.

Let s explore the differences further. They have an in hand income of roughly 75000 a month. The think tank defines the middle class as households that are earning two thirds to double the national median. They are also taxed aggressively.

There is significant income inequality within india as it is simultaneously home to the some of the world s richest people.