Let Me Explain: The rising financial burden on India’s middle class

And how this contributes to the slowing GDP – though we have a couple of solutions too.

WrittenBy:Pooja Prasanna
Date:
   

India’s middle class, comprising nearly 30 to 40 percent of the population, plays a crucial role in driving consumption, boosting government revenue, and supporting economic growth. Yet, they bear a disproportionate share of the financial burden.

In this week’s Let Me Explain, Pooja Prasanna focuses on the mounting pressures on the middle class, how this is contributing to the slowing GDP, and also proposes a few possible solutions.

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