Sunday, May 11, 2008

I feel important …

For long the Indian middle class was supposed to be not a great place to be. These were tax payers who had moderate means but great dreams. For them getting their children to good school was a status symbol and their kids getting into good college a definition of their life’s success. As most Middle class Indians believe, this is the strata of the Indian society that embodies Indian culture.

Education has paid high dividends as always and India at prime in the outsourcing culture is growing leaps and bounds; lot of focus has come on the middle class. Most have seen their parents save and stash, and they now want to spend. They are now a confident regular income class whose consumerism is throwing India’s economy in spin.

It seems the my mundane middle class is creating waves…worldwide

Already hit by the subprime and infuriated by India’s agricultural policy, America and Miss Rice are making unkind comments on the food grain consumption of the “affluent” Middle class. And Prime Minister of India tells repeatedly that paychecks and purchasing power needs to be kept under check for the neo-rich. The inflation is in bad state and the new manta of “Living Today” a norm.

I am not very sure how this will unfold. But I somehow find it very interesting that the law abiding, moderately rich,tax paying, education oriented families, fixed deposit creating strata becoming a nightmare for economist…” Fate, It Seems, Is Not Without Its Sense Of Irony” …ha ha ha