What income makes you middle class in India? Here’s what data from NSE DRHP shows (opens original article in a new tab)

India's middle-class is expanding rapidly, with rising incomes driving demand for financial products and investments, according to NSE DRHP data.

• NSE DRHP data shows India's middle-class is expanding, with households earning above ₹8 lakh projected to rise from 34.38% in FY26 to 42.74% by FY31.
• India's GDP grew from $2.61 trillion in FY21 to $3.92 trillion in FY26, with real GDP growth of 7.60% in FY26.
• Household savings as a percentage of GDP reached 21.7% in FY25, with increased investment in mutual funds from B30 cities.