Monday, August 23, 2010
The Asian Development Bank, ADB has released a study on middle classes in Asia. It has divided the population into five sections on the basis of monthly income per person. According to this study India has 825 million poor who earn Rs. 1035/month, lower middle class at 224 million on Rs. 1035-2070/month, middle middle class at 45 million on Rs. 2070-5177/month, upper middle class at 5 million Rs. 5177-10354/month and the rich who earn more than Rs. 10354/month number 1 million or just 0.0009% of the population. This is the greatest piece of rubbish I have read in a long while and it is difficult to know where the ADB got its figures from. This means that all government employees, whether central or state, are rich because even a sweeper in a sarkari office gets Rs. 12000/month while officers get near R. 100,000/month and there are millions of these thieving useless individuals in India. Even a one room with a tin roof in a small town will cost Rs. 1000 in rent while one with a cement roof will cost at least Rs. 2000. Transport will cast at least Rs. 20 a day or Rs. 600/month and at today's prices food will cost at least Rs. 2000/month. Add electricity, water, cosmetics, mobile phone bills and entertainment and it will not leave any change from Rs. 10000. Yet one million cars were sold last year, millions more two wheelers and companies selling durable goods report increasing profits. The government is reporting increasing tax collections. Ms. Mayawati was presented with garlands made with banknotes worth over 20 million rupees presented by ' dalits ' or the oppressed. If the oppressed have so much money clearly ADB is completely wrong.
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