EP3 : A Billion By 2047: Is India Ready?

A record 13.5 crore Indians broke the shackles of poverty and joined the middle class in the last five years. Of the 6.77 crore people who filed income tax returns this year, 95% were from the middle class. Is this segment bearing most of India's tax burden?

Corporate taxes in India have steadily declined, but income taxes haven't. The government collects an equal amount of taxes from corporations and individuals. How fair is it, and should it change?

By 2047, the Indian middle class will comprise over a billion people - about 61% of India’s population. With rising aspirations, India will need to provide quality healthcare, education, infrastructure, and jobs. Will a billion opportunities turn into a big billion burden?

India's honest, tax-paying middle class is relentlessly made to foot the bills for the government's free ration, housing, LPG subsidy schemes, to name a few. In 2047, when the middle class will account for over 60% of the population, will it continue to be a political pushover?