One of the topics that kept coming up during my recent trip with Oxfam India was the role of the rising middle classes. We had a great debate with Aseem Prakash from Jindal University, who is in the middle of a paper on this (I’ll link when it’s published). According to Aseem, different definitions yield numbers for India’s middle classes ranging from 5 million ($10-$20 per day) to 214 million ($2-$4 a day). What’s not disputed, however, is that the numbers are rising rapidly as India’s economy continues to boom.
Behind the numbers are some increasingly complex dynamics, as a new commercial middle class, including rising numbers of so-called ‘lower caste’ entrepreneurs, joins the post-independence middle class of mainly dominant-caste government technocrats who placed their faith in the power of the state to lead India’s rise.