Indian middle class- Is it a 'consuming class or a saving class'

I differ it is both

They are the ones who make the market decide wht the trend should be , the market consists of 75% middle class people and only 25% upper middle class or upper class people

Saving class, every common man saves for a rainy day and becoz of this saving they are able to spend when reqd so they are both

Good one Mr Ujjval.

Yet, Indian middle class is happier trying to ape the rich

Forever interested in making more quick money

& Least interested in seeking value for money. 

I agree with Ekta,coz India being the second largest economy in terms of population naturally we have a large base of consumption which will spurt growth which will inturn force manufacturers/producers to produce more goods for comsumption.saving is good for a rainy day."Human wants are never ending.Law of diminishing returns

It is a true fact that more and more middleclass is increasing their life style by buying products which was earlier not considered as product of highclass people.   

Hi anil, I agree with you. The present generation youngsters that too in the middle class have become more consumable than saving. This is because of the growth and fall in price of  the consumable  products.  The companies are coming up with exciting  offers so that they can attract the costumes.    

I think the current young-middle aged population group is not saving as much as their previous generation did. I think India is moving towards Consumer Class.

The middle class community has transformed over the period of years from Saving Class to Consumer Class.  With the booming of the IT sector most of the indian working population are getting exposed to the international markets and interaction with outside nationals.  This exposure is making middle class community now to look for increasing the Status as well as outlook for which most of their income is spent.  The crowded malls talk all about it.  Popularity of Unit Linked Insurance Plans shows proof that people are not interested for saving for long term.

Indian middle class is a consumer class. Let me explain with an example:

Let us assume that a middle class lady goes to by a saaree, there she sees few offers like "Buy one get the other at 50%" and "Buy two get one free".

Then she will never buy only one saaree she will opt for the option where she will have to pay more and that too for an extra commodity that is unnecessary for her to buy.

It is a consumer class. "Dont know whether I get chance in my life to enjoy again". This is the fear all middle class people have in  their mind. Also, always want to show that we also have money spend equivalent to elite people though they start taking loan in every end of month due to shortage of funds.

Absolutely brilliant Ujval couldnt have oput it better!1 :)

Its a given that the father has been handed the mantle of sparing the few rupees from his and he has passed it down to his son albeit unsuccessfully!! The son is in the age where peer pressures are high, spending is fashion and being seen as the swish set is the mantra for being "with it"!! Not easy!!

Things are changing with days... Yes it still has the savings mindset- but peoples' habit are change specialy the young middle class.

Most of the Indian middle class people are consumed class. they are attracting to fancy life

Due to the lack of socio-economic security, first, Indian middle class family starts saving. But the reality is that some days back all savings they spent for consumption. i.e Savings= consumption.  So we can say that Indian middle class families are nothing but the consumer class.

We can call the Indian Middle Class as Consumer class. Even if they save a part of their income all that is intended for another big Consumption only. it goes on like a chain.

It is a consumer class but again depending on what are the products we are speaking about but by and large consumer class all the way

if one look at even collegoers/high school kids these days.everyone have at least a ride ,mobile phone and girlfriend of their own (some visionaries will spend on friend's gf either) they want all these to upgraded after some time .such things suggest that consumerism is deep rooted on middle class.

Indians per se used to be savings oriented until we became global citizens and indian middle class have become, atleast a huge section of it, have become crassly consumerist and flaunt their money. The golden rule of saving for the rainy day seems to have been a go by and reckless spending is the order of the day. This can be seen in all spheres of life and money power is seen playing a huge role and who is interested in savings when one can borrow and have everything is the modern creed.

Its a consumer class according to me, as many don't think too much of saving as monthly budget here for one will be consuming the whole salary and there will be very little left for savings to be done, and many of the middle class people will be happy now than thinking about tomorrow which is an uncertain entity... so according to me its a consuming class than saving....

Absolutely its a Consumer class. Indian retail market has more 50% of middle class consumers.

India’s consuming class has put the nation on the world map, with every large multinational scurrying to set up an India shop. where growth has been investment-led, the growth in India has largely been led by consumption. With the changing economic scenario, it’s not only the rich who are spending more. India is currently the twelfth largest consumer market in the world and the climbers & the consuming class will grow fastest - the middle class will speedily expand enough to excite marketers over the next decade.