On average, a family in India earns Rs 23,000 per month. On an average, there are 4.2 people in each family. The number of earning members in the family is 1.6. Hence, there are more than one person on an average that earns. While the number of people dependent on them is 2.6, meaning more than 2.5.
Money9 conducted the country’s first and largest personal finance survey, which tells the state of your pocket. This survey tells how much you earn, how much you spend, how much you invest and where do you invest it? We have tried to get all this information for you in this survey.
Whatever you may earn in a month, you may find it less. Your expenses are higher than your income. But do you know how much on average a family in India earns, or do you know which state has the maximum average income. Or in which state the lowest earning group is the biggest?
Average family of India earns 23,000 rupees per month. Now we look at different groups, Then the lowest income group which is Rs 15,000 per month comprises 46% of the population. Forty per cent of the families population is such that earn between Rs 15,000 to 35,000. We call them the lower middle class. After that, there is the middle class, which comprises the family that earns between Rs 35,000 to 50,000.
There are 8% of such population, meaning out of 100 only 8 families earn this much. This means that, the middle class about which we talk so much, actually comprises only 8%. After that comes the higher middle class, we can call the rich class. So only 6% of families come in this category. This means that out of 100, only 6 people are such that have monthly earnings of more than 50,000 rupees.
Now let us look at two more figures. 1st is about minimum wages. In Delhi, average earnings of an unskilled labor is 646 rupees, semi-skilled labor earns 712 rupees, while for skilled labor it is 783 rupees per day per worker. In contrast, if we compare it with figures of the central government they are 444 rupees, 484 rupees and 582 rupees. UP is the biggest state in terms of population, their minimum wage of unskilled labor is 374 rupees and for skilled labor it is 461 rupees per day.
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