India’s Middle Class is Dying: No Jobs, No Power, No Money

A new report by Marcellus Investment Managers shows that India’s middle class is struggling. Over the past decade, their incomes have barely increased, while the poor have seen steady growth and the rich have become even wealthier.

The report highlights three main reasons:

1. Job Losses Due to Technology – Automation and AI are replacing many middle-class jobs, like clerical and administrative work, making stable employment harder to find.
2. Loss of Influence – The middle class once controlled government jobs and policies. Now, business-minded elites have taken over, reducing their power.
3. Lack of Political Participation – The rich fund politicians, and the poor vote in large numbers. Meanwhile, the middle class remains politically inactive, so leaders often ignore their needs.

Due to these challenges, middle-class savings have hit a 50-year low. The report predicts that while luxury and low-cost goods will keep growing, middle-class spending will continue to decline.