Percentage of households (16.6% of allfamilies in 2 million plus towns earned less than Rs 22. 500 in 1994-95
A nationals Council for Applied Economic Reseach (NCAER) study predicts that snmall town India's economic boom will gain momentum over the coming decade.
Percentage of households (16.6% of allfamilies in 2 million plus towns earned less than Rs 22. 500 in 1994-95
THE POOR
Metros & other towns with population above 2 m
1994 - 95 : 16.6
2001 - 02 : 2.5
2006 - 07 : 0.2
Towns with population of 1 - 2 m
1994 - 95 : 26.8
2001 - 02 : 4.1
2006 - 07 : 0.4
Towns with population of 500,000 - 1m
1994 - 95 : 28.8
2001 - 02 : 8.1
2006 - 07 : 1.1
Smaller towns will show a far more stunning decrease in povefrty than the metros.
THE MIDDLE CLASS
Metros & other towns with population above 2m
1994 - 95 : 56.4
2001 - 02 : 40.6
2006 - 07 : 12.1
Towns with population of 1 - 2m
1994 - 95 : 56.2
2001 - 02 : 47.2
2006 - 07 : 20.4
Towns with population of 500,000 1 m
1994 - 95 : 55.4
2001 - 02 : 61.6
2006 - 07 : 45.2
The metros appear to be doing better here, with a larger percentage of householdsmoving up from the middle - classes, but a lot of middle class households in small - townIndia may have disposable income equal to upper - middle - class households in the metros.
THE UPPER MIDDLE AND THE RICH
Metros & other towns with population above 2m
1994 - 95 : 27.1
2001 - 02 : 56.9
2006 - 07 : 87.7
Towns with population of 1 - 2 m
1994 - 95 : 17.1
2001 - 02 : 48.2
2006 - 07 : 79.2
Towns with population of 500,000 1 m
1994 - 95 : 15.8
2001 - 02 : 30.3
2006 - 07 : 53.7
By 2006-07, the percentage of households in this segement will jump more thanfour and a half times in towns of population between one and two million
ELASTIC VALUE
What RS. 1,000 is worth in the metros andmini metros(Mumbai = Rs 1,000)
Mumbai : 1,000
Delhi : 1,226.3
Pune : 2,135.6
Coimbatore : 2,441.9
Kochi : 2,616.8