India’s middle class is grappling with an economic slowdown masked by rising lifestyles and growing debt. With salaries growing at just 0.4% CAGR over the last decade, expert warns the real crisis is only just unfolding.
Akshat Shrivastava warned that beyond stagnant pay, AI and a global job crunch are threatening mid-level tech roles heavily held by Indians.
India’s middle class is facing a harsh economic truth—salary growth over the past decade has been a mere 0.4% CAGR, according to insights now widely shared by economists and financial commentators. In the face of rising inflation, automation, and diminishing global opportunities, the figure has sparked concern about the future of India’s aspirational population.
DATE . May/23/2025
