Who's rich, who's poor, who's middle-class?
India, May 4 -- There's a gated complex in Bengaluru so wealthy, it doesn't even bother with a nameplate on the outside.
The villas here are astronomically priced, relative to the rest of this city. Prices start at Rs 30 crore. Because this isn't merely real-estate. It is entry into a parallel India: one that flies private, to the Maldives, for the weekend, and sends children off to Ivy League schools with the nonchalance of a middle-class father asking his son to fetch a carton of milk.
Statistically, this kind of wealth is supremely rare in India. Numerically, there are enough people in this sliver of the economy to outnumber every citizen of Iceland 2-to-1.
That's what we often miss about the Indian economy. Every slice is so vast and va...
To read the full article or to get the complete feed from this publication, please
Contact Us.