Private jobs have done wonders; government servants are behind; yes, if you are in a private job, you should read this news. This will reveal in which sector the middle-class people are working more along with the youth. In fact, according to Bhaskar’s report, the private sector in the country has performed amazingly. In the report, research has been done on two classes of people, which include the rich class and the middle class. Sector-wise figures have been presented.
Private Sector Dominates
It is reported that middle-class people do 30 per cent of jobs, and 31 per cent of jobs are done by rich-class people in the private sector. Regarding government jobs, this figure is 12 per cent for the middle class and 28 per cent for the rich class. Here, let us tell you that a person earning an annual income of Rs 30 lakh has been placed in the middle class, and the person making above this has been placed in the rich class.
This Is The Condition Of All Other Sectors
The population of the country is about 142 crores, out of which 42 crore people are in the middle class. In the last 9 years, the middle class has grown at a speed of 5 times. Real estate, automobile, hotel and financial services greatly benefit from this speed. If we talk about other sectors, the middle class can earn 19 per cent from farming, 20 per cent from their own business, 2 per cent from labour and 17 per cent from other means.
There Will Be Tremendous Growth In The Middle Class
Talking about the future, it is also great for the middle class. According to SBI Data Research, per capita income in the country is expected to reach Rs 14 lakh by 2047. At present, it is Rs 2 lakh. If this figure remains correct, then by 2047, the income of 61 per cent of the people in India will reach between 5 to 30 lakhs. This means that we may see a huge increase in middle-class people.
The Number Of Tax Payers Will Also Increase
If the income increases, then it is normal that the number of taxpayers will also increase. Currently, only 59.1 per cent of people in the country pay tax; after this, by 2047, 78 per cent of people will come under the tax net. This figure is being told by looking at the current tax slab.
