The 'new middle class' in India is upwardly mobile, educated mostly in English and works in professional, technical and managerial careers. It is connected to global networks of consumption, consuming global brands and aspiring toward lifestyles of conspicuous consumption.
The identity of this class is defined by its participation in global commodity chains. The market defines the identity of the middle class, as a site of identity formation, expression and aspiration. Within the new middle class are several strata.
The highest stratum is occupied by white-collar corporate mid-to-high-level managers who actively participate in transnational capitalism. What connects these various groups in the elite class is a common vision of the nation-state narrated in the miracle of the market. The articulation of the market as the centre of India's economic growth and development is the overarching anchor for the various discourses of policy-making and implementation.
The middle class in India makes up a segment of India's elite and participates in the consumption culture of India. This culture is enabled by rapid reforms and punctuated by the rise of urban hubs of belonging, where belonging is recrafted in the story of consumption and lifestyles, and consumption is equated to development and modernisation.
According to the passage, the elite class has a vision of the nation-state anchored by
The answer is the market miracle.
The passage says a common vision connects the elite groups.
That vision of the nation-state is narrated in the miracle of the market.
So the elite vision is anchored by the market miracle.
The market is placed at the centre of growth and development.
Policy discourses and corporate narratives flow from this anchor rather than being it.
So the answer is the market miracle.
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