What the middle class wants
- AAP hands over Rs 10 lakh to family of Gajendra Singh, family demands memorial, jobs
- UP tells SC that prosecution on boy for post against Azam Khan will continue
- Uttarakhand CM says Rahul Kedarnath trek shows the way for Char Dham pilgrims
- At protest on net neutrality, Congress asks Centre to stop TRAI move
- Latest drone deaths a reminder of risk of 'deadly mistakes'
Though this new middle class is still relatively small and concentrated in the urban and semi-urban areas, it is projected to grow rapidly in the next two decades if our average per capita GDP grows at its full potential of 7 per cent. The political party that finds the right policy balance between these three objectives, and convinces both the emerging middle class and the lower income groups, will be the winner.
The writer is non-resident senior fellow, Brookings, and former chief economic advisor, Government of India, email@example.com