In India, being part of the middle class isn’t what it used to be
In India, despite rising incomes, many middle-class individuals feel they can't afford the same standard of living as their parents, with younger generations struggling to buy homes or save for the future. A global survey found that economic issues are a top concern for 26% of adults worldwide, with India's growing middle class expected to drive the global economy by 2030.
Surender Singh Negi moved to Delhi in 1987 and became part of the burgeoning middle class as an accountant. His son, Akhil Negi, now earns 160,000 rupees ($1,700) monthly as a software engineer, almost double his father's peak salary. However, Akhil struggles to afford a home, planning to rent instead, as saving for a down payment will take years. A Gallup survey found 26% of adults globally cite economic issues as their top concern. India's middle class is growing, expected to reach 700 million by 2030, but many feel financially insecure despite rising incomes.
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