The Squeezed Middle: India's Vanishing Dream?
India, a land of vibrant diversity and ancient heritage, has witnessed a remarkable economic transformation in recent decades. At the heart of this transformation lies its burgeoning middle class, a group that embodies aspirations, fuels consumption, and contributes significantly to the nation's progress. Yet, a disquieting trend is emerging: this very middle class is finding itself increasingly squeezed, caught between rising costs and a heavy tax burden. This article delves into this critical issue, exploring its historical context, present realities, and potential future implications, while offering possible solutions to safeguard this vital segment of Indian society. A Historical Perspective: The concept of a distinct "middle class" in India began to solidify post-independence, with policies aimed at fostering self-reliance and social mobility. The liberalization of the Indian economy in the 1990s further accelerated the growth of this class, opening up new opportunit...