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India has a hole where its middle class should be The top 1% of Indian adults, a rich enclave of 8m inhabitants making at least $20,000 a year, equates to roughly Hong Kong in terms of population and average income. The next 9% is ... Insofar as it is the job of politicians to create a consumer class, successive Indian governments have largely failed.
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| Safeguard duty - Indian government scores an own goal It is a policy failure that rather than addressing these substantive issues, the Indian government is proposing to create trade barriers to support domestic manufacturers. Moreover, the DGS report expresses concern about loss of jobs in the manufacturing sector. But it fails to take into account the tens of ...
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