India’s middle class faces significant challenges despite education and employment

A group of middleclass families in an urban neighborhood gathers outside a modest home, discussing their financial concerns amid rising living costs and job insecurity.

Rising inflation rates, particularly in essential commodities such as food and fuel, have exacerbated the situation. According to the Ministry of Commerce and Industry, the Consumer Price Index rose to 7.61% in October 2022, significantly impacting household budgets and purchasing power. Job security remains a critical concern as the job market has become increasingly competitive. … Read more