{"href":"https://api.simplecast.com/oembed?url=https%3A%2F%2Fgrand-tamasha.simplecast.com%2Fepisodes%2Findias-middle-class-hits-a-breaking-point-RsR4X60W","width":444,"version":"1.0","type":"rich","title":"India’s Middle Class Hits a Breaking Point","thumbnail_width":300,"thumbnail_url":"https://image.simplecastcdn.com/images/115ebe2e-23ad-42ec-b051-9234726bbe19/7e6b8c58-9a5f-4940-9169-64b89abf73e1/gt-simplecast-new.jpg","thumbnail_height":300,"provider_url":"https://simplecast.com","provider_name":"Simplecast","html":"<iframe src=\"https://player.simplecast.com/a6ac2e70-6a45-4d04-ae2f-7d53c6dad37e\" height=\"200\" width=\"100%\" title=\"India’s Middle Class Hits a Breaking Point\" frameborder=\"0\" scrolling=\"no\"></iframe>","height":200,"description":"For decades, India’s growth story has rested on the spectacular rise of its middle class. But a new book argues that this very group—roughly 40 million income-tax–paying households—is now under acute strain. Facing a convergence of job disruption, wage stagnation, and rising debt, the middle class may no longer be the engine of growth it once was. This is the argument made in a new book titled, Breakpoint: The Crisis of the Middle Class and the Future of Work. It is authored by Saurabh Mukherjea, along with Nandita Rajhansa and Sapana Bhavsar."}