October 8, 2026
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middle class

Figures Based on Conservative GDP Growth Rate of 6.5%: SBI Group CEA to News18 on ‘Middle-income Class’ Report – Top Speed News

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The per capita income of Indians determined from income-tax filing is expected to increase from Rs 2 lakh in FY23 to Rs 14.9 lakh in FY47, coinciding with 100 years of the country’s Independence, according to a recent report from SBI Research that has been cited by Prime Minister Narendra Modi himself. In an exclusive…

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Income of Middle-Class Indians Jumps 3 Times In 10 Years; 13.6% Leave Lower-Income Strata: SBI Report – Top Speed News

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Showing a significant increase in middle-class income, India’s weighted mean income has jumped about three times from Rs 4.4 lakh to Rs 13 lakh between FY2012-13 and FY2021-22, according to an SBI Research report. It is helped by the transition from the lower-income group to the upper-income group as also buoyancy in the number of tax…

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