The Value of a Middle Class Person

  

An Emerging Phenomenon of Middle Class

Middle class is the backbone of any country, these are people who stay in middle of social hierarchy. 

The middle class experiencing emerging growth in countries, huge growth so that emerging trends toward Aisan middle class such as China and India, so that Asia became largest consumption continent. Nearly half of the population of world is the part of middle class, there are 7.6 billion people in the world and 3.6 billion people are middle class, so it shows that bourgeoisie plays important role altogether over world, . The emerging phenomena of middle class in developing country like India are important because it can create 'sweat spot" which create economic growth and raise income further. Despite the increasing heterogeneity within the middle class, there is no doubt that Asia's demographic dominance, led by china and India with its strong economic growth, will convert its middle classes into new global consumers.

There is significant income inequality in India, simultaneously the standard of living in India shows largely geographically disparity. if you see rural areas their is widespread poverty people are not getting basic health facilities. The size of Indian Middle Class plays vital role in development of India Economy, 28% population of Indian economy are middle class and 14% are lower middle class and 3% upper middle class,while their is significant diversity in type of job of middle class most of middle class are salaried employees. The role of middle class is same in whole world, bourgeoisie is that the fuel to the vehicle that boost the economy, they supply skilled job, create demand so that industry productive can go on.  

The Middle class peoples are blood to the economy whereas, when middle class families can no longer afford to buy the goods and services that business are selling, it drag down entire economy from top to bottom, this is the situation where distribution of income plays vital role.

The Emerging Middle Class Boost the demand

The consumption of bourgeoisie may be a key driver to the world wide demand: we all know that Non- public consumption represent half of the world wide  demand, off that half two third comes from bourgeoisie, so we will say that one third of world consumption bourgeoisie people 

There is  difference in age of middle class in different countries: In advanced countries such as China age of middle class between 45-60, whereas developing country like India age of middle class is between 20-45. This will create difference in type of consumption.

The Dream of Middle class                        

Dream doesn't restricted to class anyone can dream for his and her life even lower bourgeoisie also can dream but the very fact is that way to how to achieve the dream, the lifetime of middle class person is all about balancing; balancing the family, balancing income and expenses and sacrificing but apart from all these we still dream such as dreaming a luxury car, beautiful house, well earning job it is good to have dreams without dreaming you will not achieve success.

 The dreamers of the day are dangerous men, for they'll act on their dreams with open eyes, to form them possible. 

                                                                                     -----Thank you-------