Name: Households by annual income brackets India 2010-2025
Creator: Statista

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A majority of India's population falls in the middle income bracket with over 121 million households with a gross annual income was between 7,700 to 15,400 U.S. dollars in 2016. This figure is expected to grow up to 140 million households by 2025, thus making India's middle class a large entity of the total population in terms of wealth and standard of living.

Number of households by gross annual income brackets across India from 2010 to 2025 (in millions)

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Release date

May 2019

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Region

India

Survey time period

2010 to 2016

Supplementary notes

*Forecast.
Note: One Indian rupee is equal to 0.015 U.S. dollars and 0.013 euros as of July 2019.

Elite households were those that earned more than 30,800 U.S. dollars gross annual income; affluent households earned between15,400 to 30,800 U.S. dollars annually; aspirers were those that earned between 7,700 to 15,400 U.S. dollars annually; next billion households earned between 2,300 to 7,700 U.S. dollars; and struggler households were those that earned less than 2,300 U.S. dollars annually.