The main difference between the two is that middle income refers to a person's or household's level of income, while middle class refers to their social and economic status. Similarly, a person or household can be part of the middle class without necessarily being in the middle-income group. A person or household can be in the middle-income group without necessarily being part of the middle class. While the terms middle income and middle class are often used interchangeably, they are not the same thing. The report also revealed that the middle class has grown rapidly in India in recent years, with the number of middle-class households increasing from 49 million in 2001 to 140 million in 2017.ĭifference between Middle Income and Middle Class: In India, the middle class is defined as households with an annual income between INR 6 lakh and INR 18 lakh.Īccording to a report by the Pew Research Center, the middle class in India accounted for 52% of the population in 2019. They are typically employed in white-collar jobs and have access to a range of amenities and opportunities. The middle class refers to a group of people who have a certain level of education, income, and lifestyle. This indicates that the middle-income group is growing and becoming more prosperous. The report also revealed that the per capita income of the middle-income group increased by 9.2% in the same period, from INR 1,77,111 in 2019-20 to INR 1,93,504 in 2020-21. In India, the middle-income group is defined as households with an annual income between INR 7.5 lakh and INR 15 lakh.Īccording to a recent report by the National Statistical Office (NSO), the per capita income in India in 2020-21 was INR 1,27,768. According to the World Bank, a person with an income of between $1,036 and $12,615 per year is considered to be in the middle-income group. It is usually measured in terms of per capita income or household income. The middle-income group is a section of society whose income falls between the lower and upper income groups. In India, these two terms have different meanings and are significant in determining the economic growth of the country. Middle income refers to a person's or household's level of income, while middle class refers to their social and economic status. In recent years, the terms "middle income" and "middle class" have often been used interchangeably, but they actually refer to two different things.
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