Finshots Daily India’s middle class journey: A post-Independence Day special
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Aug 16, 2025 Explore the remarkable evolution of India’s middle class from independence to today. Discover how their consumption habits are shaping the economy and driving lifestyle aspirations. With projections suggesting they'll comprise 60% of the population by 2047, the discussion highlights both their significant impact and the challenges they face, such as rising living costs and debt. It's a fascinating journey of growth, ambition, and the ongoing quest for a better life.
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Insure Early To Lock Affordable Coverage
- Buy term insurance early to secure a fixed payout that covers family expenses if the main earner dies.
- Use free guidance to choose a plan and lock premiums at low rates while young.
Middle Class As The Engine Of Consumption
- The middle class drives consumption by aspiring to upgrade lifestyles through goods and experiences.
- Their purchases power wide sectors and act as the engine of the economy.
From Elite Circle To Emerging Consumers
- Post-independence India had a tiny middle class mainly among professionals and civil servants.
- That circle expanded slowly until consumer goods in the 1970s–80s signalled broader middle-class emergence.
