Prof M K Bhat

drmkb1963@gmail.com

The growing middle-class in India has become a point of attraction for both local and international companies. It is expected to bring laurels to Indian economy and the Government is visibly committed towards its aspirations and dreams.Middle class drives demand for goods and services which stimulates production and investment.They are also significant source of govt revenue – invest in education, healthcare, foster economic and institutional development and ultimately contribute for social welfare. Indian middle-class income ranges between Rs 5 lakh to 30 lakh per annum at 2020-21 prices. According to People Research on India’s Consumer Economy ICE 360 degree surveys, this group accounts for 40 percent of India’s population in 2025 up from 26 percent in

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