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Aman Verma

BIT'Mesra Undergrad|... • 8m

Who are actually middle class of India ? I am really confused to get the ideal answer of it. Because in village there is only a class that is caste... Most of the rich (as per village standard having acres of land, home, Cars, and non tax incom

Aditya Sharma

Actually, Pluto • 8m

If not going by definations , I would like to put it as the amount of liquid wealth and degree of financial risks

Aman Verma

BIT'Mesra Undergrad|... • 8m

But how we will calculate its very tough.

Aditya Sharma

Actually, Pluto • 8m

Amount of liquid wealth should be easy to calculate. You know like what type of assets,cash in bank,cash invested etc - in short - these are quantifiable data and available. But degree of financial risk is hard to calculate, bcos this data is neither easily available nor collected extensively(so we know there is a solution). It's hard to calculate how much risk a person will (not can) take. Its more of behavioural economics/microeconomics.

1 replies1 like

Replies (1)

Aman Verma

BIT'Mesra Undergrad|... • 8m

But most of them buy land, lend them to lower class at 5-10% per month... It's very complex to get the data of liquid cash as well..

1 replies1 like

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