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Everyone except the Congress knows that #NextGenGST will help the Indian Middle Class. PM Narendra Modi ji's government is most middle class friendly government post independent India: Direct taxation: 0 income upto 12 lakh income Indirect Taxation: Common Man Goods Taxed at 0 or 5% PM Modi increases consumption...

85,455 views • 10 months ago •via X (Twitter)

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𝐈𝐌𝐏𝐎𝐑𝐓𝐀𝐍𝐓 𝐈𝐍𝐅𝐎 𝐎𝐍 𝐌𝐈𝐃𝐃𝐋𝐄 𝐂𝐋𝐀𝐒𝐒 𝐌𝐨𝐝𝐢 𝐡𝐚𝐬 𝐝𝐨𝐧𝐞, 𝐰𝐡𝐚𝐭 𝟏𝟑 𝐏𝐌𝐬 𝐛𝐞𝐟𝐨𝐫𝐞 𝐡𝐢𝐦 𝐜𝐨𝐮𝐥𝐝𝐧’𝐭 ▪️PM Modi has taken us back to the pre-British Raj • Average middle class income as a base is ₹2.6 lakh per year or ₹22,000 per month • Which makes share of India’s middle class in national income at levels of 1820, even before the colonial rule began • The rich are today richer than in 1820 • The poor have drowned deeper into poverty ▪️India has one of the lowest wages in the world - skilled & unskilled • ILO data shows average hourly wage of an Indian worker 5th lowest in the world • Even someone with an advanced degree and doing a skilled job paid world’s seventh lowest wages ▪️What is Middle Class spending on? • A decade ago largest share of urban non-food expense was education • Now it’s transportation, which is just going to places ▪️Middle Class India saving less, borrowing more • Indian households savings in 2011-12 used to be 8X of their debt • Now, Indian households savings 4X of their debt ▪️How long would it take to pay for a home? Average Middle Class income as a base ₹22,000 per month Home • Average price of a house in Delhi ₹10,000 sq ft • Basic 1000 sq ft house to cost ₹1 crore • That’s about 38 years of salary ▪️How long would it take to pay for a car? An iPhone? Car • Average car price ₹13 lakh • 5 years’ salary to pay for iPhone • Cheapest iPhone ₹60,000 • 3 months’ salary Source: Times of India

Supriya Shrinate

150,711 views • 1 year ago