In this video, The Lallantop’s Nikhil Wath explained about the condition of the middle class in India. Since the budget was released on 23rd July 2024, Modi government was criticised for removal of indexation on long term capital gains tax. Ex-Infosys CFO Mohandas Pai posted on platform X that the middle class is very upset. While CII Gujarat chairman claims that middle class consumption is going down. In this video, Nikhil discussed about the following-
-What is the history of the middle class?
-What is the definition of middle class in India?
-Why is the middle class extremely important for the Indian economy?
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Produced By: The Lallantop
Edited By: Asad
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