Pakistan Middle Class Bigger & Wealthier Than Indian Middle Class

[Srinivas]

How do u define “Middle Class”?An Indian told me that normal Indian earned 5700$....●ω●
It means a middle class family or a single member?..Chinese women usually work,this two statistic will differ,so I want to know more.;-

I think it is family income, Those statistics are misleading.

Indian middle class is on the rise and people are becoming wealthy, one of the reasons why companies are establishing manufacturing bases in India.

India has the potential to become one of the wealthiest nations on the globe.

 

[baajey]

pakistani di*k is bigger than india.
babaji ka thullu

 

[thesolar65]

Do they pay Taxes?

Haq's Musings: Wealth Report: Pakistan Middle Class Larger & Richer Than India's

Pakistan’s middle class consists of over 6.27 million adults, according to wealth criteria used by Credit Suisse in its Global Wealth Report 2015. It represents 5.7% share of Pakistan’s total adult population of 111 million, almost twice as large as India’s middle class made up of 3% of its adult population based on the same criteria.

Average ($4,459) and median ($2,216) wealth figures for Pakistani middle class adults are higher than average ($4,352) and median ($868) wealth figures for their Indian middle class counterparts. It's a consequence of lower income wealth inequality in Pakistan compared to its neighbor. For comparison, only 1.1% of Bangladesh adult population qualify as middle class. Their average wealth is $2,201 and median wealth $1,102 per adult.


Pakistan Wealth Source: Global Wealth Report 2015 Via Express Tribune
Credit Suisse's report estimates Pakistan's total private wealth in mid-2015 at $495 billion, Bangladesh's at $237 billion and India's at $3.45 trillion.

Credit Suisse said Pakistan's middle class is the 18th largest and India's 8th largest in the world. The report says 14% of world adults qualify as middle class in 2015 and they own 32% of the world's wealth. 6.7 million Pakistani adults make up 0.9% of the world's middle-class adult population. China tops the list with 108.7 million, followed by the United States 91.8 million and Japan 62 million.

A little more than 90% Pakistani adults had wealth less than $10,000 in 2015. The share of Pakistani adults with wealth between $10,000 and $100,000 in 2015 was 9.8% while only 0.1% adults owned wealth in the range of $100,000 and $1 million, the report revealed.

Other studies based on income criteria of $2 or more per day put Pakistan's middle class at 55% of the population. A 2010 ADB report titled "Asia's Emerging Middle Class: Past, Present and Future" report put Pakistan's middle class growth from 1990 to 2008 at 36.5%, much faster than India's 12.5% growth in the same period. Other reports have indicated Pakistan's median per capita income is higher than both India's and Bangladesh's.

Even though Pakistan's GDP growth has been relatively low compared to India and Bangladesh in recent years, the country's middle class has continued to grow rapidly. It's explained as follows: It's not the overall GDP growth and average per capita income and wealth increases but the median per capita income and wealth growth that tells you how the GDP gains are shared among the population.

Data shows that economic gains in Pakistan are shared better than India and Bangladesh because of lower inequality. Income poverty rate (those below $1.25 per capita per day) in India is 33% and Bangladesh 43% versus 13% in Pakistan, according to WB data on povcalNet. Gini Index for India is 33, Pakistan 29 and Bangladesh 32, indicating that Pakistan has lower inequality.

Related Links:

Haq's Musings

Pakistan's Middle Class Grows to 55%

Upwardly Mobile Pakistan

Median Per Capita Incomes of Bangladesh, India and Pakistan

India and Pakistan Compared in 2014

Bangladesh-Pakistan Comparison in 2012

Modi's Superpower Delusions


Haq's Musings: Wealth Report: Pakistan Middle Class Larger & Richer Than India's

I also think there should also be a study as to who pay the highest taxes?(direct and indirect), cost of sending children to schools, cost of higher education etc..I also think that's why....may be or may not be.....Pakistan middle class is rich and Pakistan Govt. is poor while that is reverse in India. But I can confirm that only after doing some research on searching the net for Tax comparison Articles.

 

[Karan Gulati]

I also think there should also be a study as to who pay the highest taxes?(direct and indirect), cost of sending children to schools, cost of higher education etc.

Riaz hug only do selective feel good study

 

[utraash]

Ghar wapsi for us or you?

The people of IVC were monotheist like we pakistanis.Go and read the original form of Rig veda.

I have seen you taking the reference Rig Veda in other threads too n I remember correctly you never turn back to prove monotheistic nature of rig Veda.... I m sure you without help of google would not be able to decipher the what "RIG" stands for, how many hymns it has ? Forget anything you won't be able to pronounce one single shloka of rig Vega ?
Do you understand it is compilation of praise to भगवान। ?
Mr R&D if you truly know n understand Rig Veda as you claimed, kindly tell us what भगवान stands for in Rig Veda ?

 

[cyrusthevirus]

Google about Indus valley civilization.thanks

Indus valley civilization is India.

 

[Asian.Century]

You cannot see any booka-nanga on the streets of Pakistan as comparing, you see everywhere in India.

 

[CHN Bamboo]

I think it is family income, Those statistics are misleading.

Indian middle class is on the rise and people are becoming wealthy, one of the reasons why companies are establishing manufacturing bases in India.

India has the potential to become one of the wealthiest nations on the globe.

Oh...You said in total or per capita?And I think 5000$ a year of a family cant be described as middle class.

 

[Srinivas]

Oh...You said in total or per capita?And I think 5000$ a year of a family cant be described as middle class.

Each country has its own standards based on the price of commodities available.

India is cheaper place to live when compared to developed countries.

 

[mpk1988]

Riaz sahab

I have told you in the past that on one hand Pakistan was always considered as a place of royal people and full of culture even 5000 years back while india only with poverty and backwardness

Sorry but it will take generation and may take 4-5 centuries for indian society to give up the poverty culture.

So Indians might be having the per capita of qatar sometime later in this century but still we will call them poor?why?because poverty has become integrated part of indian society.

Please don't compare Pakistan with india on poverty.thanks

Pakistanis are the indigenous people IVC and IVC was considered as the most advance civilization of its era and what was india back than?

We composed rig veda,you followed us,copied our religion and mixed it with many other religion forming hinduism
infact making our sanskrit language as the language of your religion is a sign that you followed us in everything

Holy shit man.. Can't stop laughing.. and this guy knows research???? LMAO!!!

This is one of the most hilarious doped up, on crack rhetoric I've seen yet. right up there with Illuminati and all that bullcrap. It's an insult to Indus Valley Civilization and let's not even start talking about Rig-Veda.. The height of Delusion and inferiority complex!!!

There is absolutely nothing wrong with saying that you are a new country and share heritage with some other ethnicities. New countries are dynamic and capable of change. Filled with Potential and all.. Take pride in it.. Instead of cooking up some stuff due to the inferiority complex.

On Topic: Yeah. Very believable. All around me I saw only middle class people back in India and don't even ask about wealth creation etc. One of the primary reasons for the statistics could be declaration of wealth and income sources. I don't think even 0.1% percent of Indians do that honestly.

 

[CHN Bamboo]

Each country has its own standards based on the price of commodities available.

India is cheaper place to live when compared to developed countries.

Aha....okay...
For example,take designer as an example.
He may earn 50k$ in Wuhan,where fruits are cheap,always less than 1$ a kilo,but how about other?
Electronic product,decoration,100M...These costs the same to Shanghai.
In Shanghai,he may earn 80k$ even more,although the food there is expensive.
Dont look at proportion,will these fundamental things(like food) cost much?
As for price of the other things,I remember many things,like the cost of Internet 100M(200$ in China),cheap electronic things(Indian solar water heater manufactures facing heat from Chinese imports - timesofindia-economictimes)
And I used to read news about Indian fruits,okay,Do u have any statistic about Indian food yield?

 

[MimophantSlayer]

Over the 2015-2030 period, the Indian median income per household is set to increase by 89.8% in real terms to reach US$10,073 by the end of that period.
Top 5 Emerging Markets with the Best Middle Class Potential - Euromonitor International Blog



Over the next two decades, India’s middle class will grow from about 5 percent of the population to more than 40 percent and create the world’s fifth-largest consumer market.
https://genesis.iitm.ac.in/downloads/resources/startup/tracking the growth of indian middle class.pdf

 

[Jaanbaz]

Pakistan's middle and upper middle class are generally rich(tax dodgers) compared to its government which begs internationally. Indian people are maybe poorer but their government is filthy rich.

 

[CHN Bamboo]

Over the 2015-2030 period, the Indian median income per household is set to increase by 89.8% in real terms to reach US$10,073 by the end of that period.
Top 5 Emerging Markets with the Best Middle Class Potential - Euromonitor International Blog



Over the next two decades, India’s middle class will grow from about 5 percent of the population to more than 40 percent and create the world’s fifth-largest consumer market.
https://genesis.iitm.ac.in/downloads/resources/startup/tracking the growth of indian middle class.pdf

Strange,even now,China household income is nearly 20k$

 

[Karan Gulati]

Pakistan's middle and upper middle class are generally rich(tax dodgers) compared to its government which begs internationally. Indian people are maybe poorer but their government is filthy rich.

and where are these stats coming from? your behind?

just for starter, if everyone is willing to compare poverty between countries why not compare affluent people as well? they are also part of the country. aren't they? Shall we start with millionaires and billionaires?

oops 505 error no billionaire found in pakistan