A LinkedIn post by a CEO from Bengaluru about “middle-class salaries” has generated internet debate. Co-founder and Group CEO of PeepalCo, Ashish Singhal, wrote in his essay that the middle class is quietly enduring the economic shock with no headlines, no bailouts, and hardly any discussion due to skyrocketing costs and stagnant earnings. “The biggest fraud that nobody discusses? He published “Middle-class salaries,” outlining the predicament this group is in.

“The group earning less than Rs 5L experienced a 4% CAGR over the last ten years, while the group earning Rs 5L to Rs 1Cr saw only a 0.4% CAGR. What about food prices? Almost an 80% increase in purchasing power? Almost cut in half, but how much is being spent? “Up, credit-funded,” Mr. Singhal wrote. “There is no collapse here. The downturn is well-dressed. You continue to fly once a year. still purchasing a phone. “I’m still making EMI payments,” he added. The CEO also asserted that the ultra-rich have risen seven times in 10 years, while the middle class is struggling and white-collar employment are being subtly threatened by artificial intelligence (AI).

“The impoverished are receiving assistance. The wealthy are growing. It is assumed that the middle class will just endure the shock in silence. No grievances. Not a single bailout. “Just quiet pressure, EMIs, and inflation,” he wrote. “We need to start discussing this group. “As a segment that is driving the economy but being squeezed out of it, not as a vote bank or a spending class,” Mr. Singhal said.

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The CEO asked his followers if they believed “it’s just an income issue, or even a money management issue?” as he concluded his message. Mr. Singhal’s post has received numerous reports and comments since it was shared. It has spurred discussion about the silent catastrophe that the middle class in India is confronting.

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