div div rule span kirit parikh economist yes mediate class income rise economy brigate rosse middle grade happy income grows loyal pace cost living quality consumer goods aspires come within attain savings earn healthy returns br nearly counts good middle class income grows saving grows br indian saving grow faster rate provided puzzle caught violent communal conflicts sustain iraq war short one lower oil prices long one raise br growth rate exceptional per cent likely industries well greater sense optimism pervades among industrialists indicate higher industrial growth exports also good us economy growing per cent continue well yes become satisfactory exporting high valuate products stimulate industrial development eve unusually poor monsoon saving growing per cent farming gdp likely per cent would convention rainfall year since monsoon unusually poor expect repeat reasonable monsoon increase growth rate next class per cent asset middle division incomes rise inflation huge buffer fund food grains large stockpile alien exchange open economy goods including consumer goods middle class craves easily import price rise contained large central say fiscal deficits cause concern government trim subsidies mostly profit halfway class impact cost animation however less rise income inbetween year reached stage subsidy trimmings lead better service would intellect major concern task subsidy burden goes revenue enhancement could also go hint modifications promised finance minister taxation reforms eye category friendly br br finally return savings great extent concern due fall down nominal interest rate due money illusion real interest pace go down person saved rs earns per cent interest rate inflation rate per cent better inflation rate zero interest rate per cent destruction yr rs first character much purchasing power rs second case case given high fiscal deficit tokenish interest rat likely fall much middle class look forward good