Middle Class Burdened by Taxes The middle class in India is increasingly burdened by taxes and inflation, leaving them unable to afford basic necessities. GST rates on everyday items like popcorn highlight the disproportionate tax system that favors corporations over individuals. While corporate profits soar due to government policies, salaries fail to keep pace with rising costs.
Shrinking Middle Class Signals Economic Trouble India's shrinking middle class has led to decreased demand for consumer goods, as seen in falling sales of FMCG products. Urban areas are particularly affected, with many families struggling financially under heavy taxation and stagnant wages. This economic disparity highlights a growing divide between India's wealthy upper class and its struggling majority.
Corporate Profits vs Employee Wages Indian corporations have recorded record-breaking profits while employee salary growth remains negative compared to inflation rates. Despite receiving significant tax breaks from the government since 2019, these companies have not reinvested their gains into job creation or wage increases as promised.
'Regressive' Tax System Hurts Poorer Classes Most India’s regressive tax structure disproportionately impacts lower-income groups through high GST on essential goods while benefiting wealthier classes who pay less relative income-wise. The bottom half of earners contribute most towards indirect taxes despite owning minimal national wealth compared against top-tier elites controlling vast resources.
'Unaffordable Aspirations: Cars & Housing Costs Soar' Owning cars/houses becomes unattainable amidst skyrocketing prices fueled largely via excessive governmental levies alongside inflated real-estate markets nationwide exacerbating affordability crises further squeezing already-tax-strapped citizens trying meeting ends meet daily basis .