Stagnant wages, soaring inflation, and rising debt are eroding India's middle class power, dimming the nation's growth prospects. Read more »
Rising taxes and inflation are eating into purchasing power, forcing lifestyle cutbacks for India’s middle class and lower-income groups. #middleclass #taxes #inflation Read more »
India faces a peculiar situation -- businesses are not borrowing because of a demand slump, the middle class is borrowing because their incomes have shrunk. Read more »
The high single digit growth rate enjoyed by the economy in the last two decades could be a thing of the past if the government fails to address the middle-class distress. Read more »
The finance minister must leave more money in the hands of the people to effectively address the demand slump and boost sagging economic growth. Read more »