The Economic Times

From Rs 15,000 SIP to Rs 18,000 expenses: How much does it cost to raise a child in India? CA shares the financial breakdown

Chartered Accountant Paaras Gangwal revealed the significant financial commitment of raising a child in India, estimating initial birth costs at 1-4 lakh and ongoing upbringing at 18,000 monthly. He emphasized that disciplined investing, like a 15,000 monthly SIP, is crucial to meet future expenses like higher education and marriage, which inflation will significantly inflate.