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Income in India discusses the financial state in India. With rising economic growth and India's income is also rising rapidly. As an overview, India's per capita net national income or NNI was around Rs. 98,374 in 2022-23. [1] The per-capita income is a crude indicator of the prosperity of a country.
The standard of living in India varies from state to state. In 2021, extreme poverty was reduced to 0.8% [1] and India is no longer the nation with the largest population living in poverty. [2] There is significant income inequality within India, as it is simultaneously home to some of the world's richest people. [3]
According to a 2021 report by the Pew Research Center, India has roughly 1.2 billion lower-income individuals, 66 million middle-income individuals, 16 million upper-middle-income individuals, and barely 2 million in the high-income group. [108] As per The Economist, 78 million of India's population are considered middle class as of 2017, if ...
The upper middle class consists of those in the 60th to 80th percentile of household income. The median net worth is nearly double that of the middle class. Average net worth for the upper class
Defining yourself as being within the American middle class can be tricky, as it depends on everything from where you live to how you live. Your social class in the U.S. includes many factors and ...
Here is the income needed to be considered middle class within each generation, accounting for 36% of income spent on debt repayment: Gen Z: $64,454.33 Millennials: $73,607.33
Countries by nominal GNI per capita according to the Atlas method (2018) This is a list of countries by gross national income per capita in 2023 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank. [1] The GNI per capita is the dollar value of a country's final income in a year, divided by its ...
According to Pew Research, the median income for middle-class households reached $106,100 in 2022. That's a 60% jump from the $66,400 median income in 1970. ... it's worth noting that upper-income ...