Beyond the Boom: Why India's Middle Class Feels the Squeeze?
India's middle class, approximately ranging from 300 to 400 million individuals, is widely acclaimed as the driving force behind the country's economic development. However, beneath the gleaming statistics, lies a intricate reality marked by various anxieties and hardships. These difficulties, encompassing both tangible and intangible aspects, present a detailed portrayal of the hardships faced by this demographic. 1. Financial Tightrope Walk: Rising Cost of Living: The tightening grip of inflation casts an uneven shadow on society, squeezing the middle class the hardest. Unlike the wealthy who possess financial buffers and investment opportunities, middle-income families like the Kumars in Delhi find themselves caught in a vice. Every rupee count, and every price hike chips away at their hard-earned income. Mr. and Mrs. Kumar, both salaried professionals climbing the corporate ladder, embody this struggle. Their moderate salary increases, m...