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633,000 'New Middle Class' households In India: Hurun India report

These households have average saving of Rs 20-lakh per annum and allocate mostly towards physical assets such as primary residential property and automobiles

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Hurun India list | Indian Economy | Wealth report

Puneet Wadhwa  |  New Delhi 



Indian economy

Hurun India 2020 released Tuesday has identified a novel household category in India – the ‘New Middle Class’ – with an average savings of Rs 20-lakh per annum. These households, the report says, have major allocation towards physical assets such as primary residential property and automobiles. Hurun India pegs the total number of such cumulative households in India at 633,000.

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First Published: Tue, March 16 2021. 11:33 IST

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