Post
Personal Finance
2w
India must revise its definition of middle class. Those earning Rs 1 crore aren't 'rich' anymore🫰
greatking
3w
A Team Lead
1cr is not rich? 🫥 how much are these guys earning?
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swagpumpkin
3w
An Ops Executive
Then i am Below poverty line (BPL)
primepistachio
3w
student at
Indian Institute of Management (IIM), Ahmedabad
This is propaganda. 1cr+ is very rich. We are taking it to extreme now and its getting annoying. Reminds me of Victoria Beckham saying she was Middle class while owning a Rolls Royce.
Additionally "Definition" change means absolutely nothing. What really is needed is 2 major things
Revision of Tax slabs with inflation in mind
Revision of what's luxury and reducing GST in said items. Like ACs are not a luxury anymore and should be 18% and not 28%
stylishjasmine
3w
works at
Very true. Annual income of 1 Cr is the start of the upper middle class. Rich class needs to be at least 5 Cr pa.
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