The Economic Times

Biggest threat to middle-class is not layoffs, market crash or inflation: Gujarat CA reveals one thing quietly making all three worse

A chartered accountant has warned that biggets threat to middle class in the next few year is not layoffs, market crash or inflation. He has said that excessive lifestyle EMIs could become a major financial threat to India's middle class. From smartphones and holidays to personal loans, rising monthly repayments can leave households vulnerable to layoffs, market crashes and inflation.