What are the socio-economic classes in India?
Table of Contents
What are the socio-economic classes in India?
Table 1
| Social class | Per capita monthly income limits (Rs.) | |
|---|---|---|
| I. Upper high | 100 and above | 10000 and above |
| II. High | 50-99 | 5000-9999 |
| III. Upper middle | 30-49 | 3000-4999 |
| IV. Lower middle | 15-29 | 1500-2999 |
How many socio-economic classification are there?
The socio-economic classification is then segregated into 12 groups based on inputs on these 2 parameters — A1, A2, A3, B1, B2, C1, C2, D1, D2, E1, E2 and E3. These 12 groups are applicable to both urban and rural India.
How do you classify SEC?
The SEC Classification is the classification of consumers on the basis of parameters….It divides the population into 3 classes:
- Upper most segment of the consuming class-A1, A2 and B1.
- Middle segment- B2 and C.
- The lower most segment—D, E1, and E2..
What is SEC in target audience?
Households belonging to the mid and low socioeconomic classes (SEC C, D &E) are becoming relevant target groups as they constitute more than 70\% of urban households. In the last decade they have grown in economic power.
What is SEC A in India?
SEC A1 in the new system now comprises of 0.5\% of all Indian households. Nearly 2\% of urban households and less than 0.1\% of rural households belong to it. Only 2\% of urban households and 13\% of rural households belong to it. Nearly 93\% of all SEC E3 households are in rural India.
How are classes classified in India?
Based on these parameters there are actually five middle classes in India: Rural Middle Class, Public Sector Middle Class, Urban Private Sector Middle Class, Trader Middle Class and Rising Middle Class.
What is new SEC system?
The new SEC system is used to classify households in India. It’s based on two variables: • Education of chief earner. • Number of “consumer durables” ( from a predefined. list)- owned by the family.
What is new SEC?
What are the 5 social classes in India?
Indian society was divided into five castes:
- Brahmins: the priestly caste. After their religious role decreased they became the caste of officialdom.
- Kshatriya: warrior caste.
- Vaisya: the commoner caste.
- Sudras: represented the great bulk of the Indian population.
- Untouchables: descendants of slaves or prisoners.
Whats does SEC stand for?
U.S. Securities and Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.