Tag Archives: middle class

Bush Remark Angers India Leaders

A Bush remark has caused an outburst of anger among many leaders of the Indian government. the Hindu nationalist Bharatiya Janat Party(BJP), India’s main opposition party, threatened to force a parliamentary debte on Bush’s remarks which appeared to blame India’s rising middle class as the source of pushing up food prices all over the world. Defense Minister A.K. Antony told local media that official encouragement of biofuels in the United States was causing food shortages. He termed Bush’s remark a “cruel joke.” India’s junior Trade Minister Jairam Ramesh said: “Bush has never been known for his knowledge of economics.. He has just proved once again how comprehensively wrong he is. To say that the demand for food in India is causing an incease in global food prices is completely wrong.”

Bush made some comments about the rise of India’s middle class which he claimed was now about “350 million” which has resulted in a desire for better diet and thus has led to shortages of food and a rise in prices.

The McKinsey Global Institute estimates there are 50 million Indians in the middle class.

Middle Class Rising In China-Headed Toward 100 Million

China has witnessed a phenomenal growth in its middle class as the economic boom continues to fast forward their nation. A recent study defines the middle class as containing those who make $7,500–$25,000. About 20% of people in this income bracket attribute social connections and networking as among the most important factors enabling an individual to move upward into the middle class wile only 15% attribute this change due to hard work. A significant number recognize the importance of eduction as being the foundation of a successful economic life. A majority of those surveyed wanted a home, a car and a good income and expected these to become more readily available as the economy continues to advance. The poll concluded the number of people in China who are middle class will reach 100,000,000 by 2016.

Of course, if there are 100,000,000 middle class people in China by 2016, where does that leave the other billion people? Ironically, as Communist China has unleashed the tiger of economic development, it has abandoned free medical care and allowed large sections of the nation to lag behind in education.