indian middle class shoppers in a mall

Honey I shrunk the middle class, killed the Indian economy

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 »
rbi monetary policy

India’s storied middle class may be sliding into poverty

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 »
middle class budget 2020

Budget 2020: Middle-class distress biggest challenge for Nirmala Sitharaman

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 »