The New Middle

The research referred to, in this article says, “India’s middle class has seen new entrants. Pani puri vendors, dosa sellers, carpenters, welders, launderers, drivers and cable TV technicians have all pulled themselves out of the clutches of poverty and leapt into a section of the middle class — the bedrock of the economy.” I am instantly reminded of the kind of occupations we come across when we go for our COCA or Portfolio Audit exercises. When people continue to remain in their occupations and their economic status improves, there is strong evidence that the “K or Finance” as a factor of production has played its intended role.

The New Middle

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