The Economic Times

'Salary growing, wealth shrinking': CA explains India's silent middle-class crisis, says Rs 1.5 lakh salary is same as 10-yr-old pay

Urban Indian households face a 'silent crisis' as rising incomes fail to keep pace with escalating costs of living, leading to stagnant real purchasing power. Traditional savings are losing value due to inflation outpacing returns, forcing a reliance on credit and highlighting a structural disadvantage for the middle class.