Rs 1 million in upper class.

"China today has a much larger base of rich families across all categories - often 3 to 6 times higher than India. For example, China has 5.1 million affluent households with wealth above $0.84 million, compared to 872,000 households in India with over $1 million. At the ultra-rich level, China counts 130,500 households with wealth above $14 million, while India has 66,800 households above USD 12 million." ET. "Home prices in India are expected to rise at a faster pace than earlier projected, with demand from affluent buyers outpacing supply, according to Reuters poll of property experts. Meanwhile, shrinking affordable housing options are keeping millions of urban migrants locked in increasingly costly rentals." ET. CEO of Edelweiss Mutual Fund Radhika Gupta puts India's middle-class with earning in the Rs 500,000-Rs 800,000 range annually. "Roughly 100 million people earn $12,000-$14,000 (Rs 1 to Rs 1.2 million) per year, while more than 1 billion live under $2,000 (Rs 170,000)." TIE. "On a sultry Monday evening, the platforms of MGR Chennai Central Railway Station were crowded with groups of men from Tiruppur's hosiery export hubs," as "The 50% tariffs on Indian exports are already driving them out of their dream job. They are now heading back to their homes in Bihar, Jharkhand and Uttar Pradesh," as "Orders have dried up, inventories are piling up, and factory owners can't pay their idle laborers anymore. Migrant laborers are the first to be ejected from the cut-throat price-sensitive export industry - nearly a month before Diwali festivities." The Print. "A Reddit post about the harsh realities of India's job market has sparked a discussion on low pay, stalled growth and the struggles of today's workforce. In the post titled 'Applied to 100s of jobs in the last few months can't even get the job of 3.5 LPA (Rs 350,000 per annum) reality of the country'." HT. "In recent years, India has enjoyed a virtuous cycle. The fast growth and unusual stability of its $4 trillion economy has boosted the country's confidence in the world." President Donald Trump raised tariffs on Indian goods to 50%. "However, given that all overseas shipments generate just 11% of Indian GDP, the economy can absorb the blow." A far greater blow would be The Halting International Relocation of Employment Act or Hire Act which would be devastating for our IT services industry. "India is too poor for Modi to open its market to US agricultural imports or to promise hundreds of billions of dollars of investment in the world's biggest economy as Japan has done. Meanwhile, India's loose grip on supply chains means it cannot follow China's lead by withholding exports of rare earths or other items." Reuters. "Economist and fund manager Ruchir Sharma has said India will never achieve China-style double-digit growth,..and warning that freebies culture makes such growth impossible." BT. A Niti Aayog (a government think tank) paper estimated that India's GDP would have to grow 9 times to get from $3.36 trillion to $30 trillion by 2047 and per capita income will need to multiply 8 times to get from $2,392 per annum to $18,000 per annum. The Wire. This is pure hokum. Handouts and hokum. Easy way to win elections,