The Harsh Reality of Being Middle Class in India | Narendra Modi | F&F Ep. 73

 
India’s middle class is the backbone of the economy, yet it faces endless challenges. It pays the highest taxes, gets the least government benefits, works the hardest, and still struggles the most. With rising inflation, job insecurity, and shrinking savings, the middle class is caught in a never-ending financial trap. This episode of Facts & Figures dives deep into the economic reality of India’s middle class. Over the years, government jobs have declined, and private sector employment has grown, but not in a way that ensures stability. Most new jobs are in the service sector, offering low wages and no long-term security. The gig economy is expanding, with companies like Uber, Swiggy, and Zomato hiring millions, but these jobs don’t provide economic security or social status. Despite India's economic growth, wealth inequality is increasing. Reports show that India's top 1% owns nearly 40% of the country's wealth, while the bottom 50% owns only 3%. Even after decades of promises and reforms, the middle class continues to struggle. From falling savings interest rates to rising living costs, from privatization to shrinking pension benefits—every policy seems to push the middle class further into financial instability.