Liberalisation and India's Middleclass Economy: A Critique

India's New Economic Policy has brought many changes in Indian economy, particularly to middle-class society. The larger number of India's middle class and their consumption pattern is predominant drivers of her economic growth and development. However, the transitional economy with sudden structural changes put the mass market into jeopardy. The steep and wide gap between richest and poorest is a unique problem for India to identify middle-class and their growing needs. Immature consumer markets, feeding to vast population, inordinate income inequality, cross-cultural divergence, migration etc. are some of the major issues with regard to middle-class economy. This review article tries to explore some of the hidden facts pertaining to liberalization policy of Government of India and its impact on middle-class economy. Secondary data were used for the study. Implications of the study were discussed.