Friday, November 21, 2025 | 12:52 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

From aspirational to exhausted: Rethinking India's middle class story

A fragmented, fatigued population can't fuel economic growth the old way

Indians, Indian People
premium

The future middle class, he postulated, will not be homogeneous, since there is no longer a single strong “feeder” into or creator of it, but many sources or channels through which it emerges.

Rama Bijapurkar Mumbai

Listen to This Article

Around 2007, the late economist Subir Gokarn wrote a landmark article in this paper titled, Middle Class Origins. Almost 20 years later, the postulates of that article are even more relevant — that the origins of the middle class, or the process by which they came to be middle class, mattered and must be factored into our understanding of the middle class and our assumptions of their behaviour and attitudes. That it would be incorrect to assume that India’s future middle class will have the same characteristics as the (then) present middle class in terms of homogeneity and behaviour patterns
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper