The Indian Middle-class

A newly proposed definition of what constitutes a middle class in a developing country, seeks to only consider those that earn at least 10$ a day, after excluding the top 5% of the richest people in the country. Shockingly this would mean that India would have no middle-class. One could argue with how the figure of 10$ was arrived at, but I can't help being shocked by the level of disparity in incomes between the reasonably well-off and the vast multitudes of the poor. It's going to take more than a few cosmetic 'on-paper' laws to turn things around.