Archive · 14 Sep 2025
Edelweiss CEO: ₹70 Lakh Not Middle Class in Modern India
Imagine you earn a lot of money, like ₹70 lakh every year.
The head of a big company says that even though it sounds like a lot, it's not really "middle class" anymore.
Middle class is a term that makes us feel good, but it may not be accurate today.
She says that most middle-class people earn much less, around ₹5-8 lakh a year.
Lots of people feel like they never have enough money, even if they earn a lot.
This is because of social media, which makes everyone want to have the best things, so they spend more.
It also causes financial anxiety.
People want to look good and keep up with their friends.
So, even if people earn a good amount of money, they may feel like they don't fit the definition of "middle class."
The CEO of Edelweiss Mutual Fund stated that ₹70 lakh annual income is not considered middle class in India.
She defines middle class income as approximately ₹5-8 lakh per year.
Social media contributes to financial anxiety by encouraging constant comparisons.
Many urban professionals feel that even high salaries are inadequate.
The term 'middle class' is often clung to because of people's upbringing.
- Who
- Edelweiss Mutual Fund CEO Radhika Gupta and Gen Z
- What
- Discussed the perception of middle class income in India.
- When
- Not specified
- Where
- India
- Why
- To address the evolving definition of middle class in a changing society.
- Source
- Edelweiss Mutual Fund CEO
- Main Point
- ₹70 lakh annual income is not middle class
- Middle Class Income (approx.)
- ₹5-8 lakh annually
- Indian Population
- 140 crore
- Income Disparity
- 10 crore earn $12,000-$14,000/year; 100+ crore under $2,000/year