The problem, however, is that there is no universal definition of the middle-class ― not just in terms of income thresholds, but even whether income should be used as a parameter. If one were to define the middle-class by income, our lawmakers are unlikely to be in this category. This amounts to an annual income of Rs 27.6 lakh ― more than 16 times India's per capita income, as per the statistics ministry's first advance estimate for 2022-23.Īccording to the World Inequality Database, an annual income of Rs 18.6 lakh or more in 2021 would put an Indian among the richest 1 percent of the country.
If the finance minister of the country counts herself among the middle-class, a good argument can be made that some of the richest Indians too will fall in this category.Īccording to PRS Legislative Research, a Member of Parliament (MP) earns Rs 2.3 lakh per month, inclusive of Constituency and office expense allowance. However, the impetus this time around has come from the government itself after Finance Minister Nirmala Sitharaman said on January 15 that she identified herself as a member of the middle-class and understood the pressures it faced.īut just what is the middle-class in the Indian context? Every year before presentation of the Union Budget, talk of the middle-class crops up in clockwork fashion, as Indians start hoping for some help from the finance minister in boosting their disposable income.
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