‘Biggest Scam?’ Bengaluru CEO's Grim Outlook on Middle-Class Salaries Sparks Debate

‘Biggest scam?’ Bengaluru CEO's grim outlook on middle-class salaries sparks debate

Are middle-class salaries the “biggest scam” that nobody talks about? A Bengaluru CEO's thought-provoking post has got everyone talking. Here's what he said.

The Silent Crisis: Bengaluru CEO Exposes India’s Middle-Class Salary Scam - Business Connect Magazine

By Anurag Tiwari Indians earning between Rs. 5 lakh and Rs. 1 crore yearly, considered middle-income, have had a 0.4% CAGR in earnings over the past decade. In contrast, food costs have risen roughly 80%, and inflation has progressively eroded buying power. India’s Middle-Class Salary Scam: Bengaluru CEO Calls It the ‘Biggest Scam India’s middle class is burning at both ends, with growing expenses on one side and stagnating wages on the other. T…

Bengaluru CEO Equates India's Middle Class 'Salary Crisis' To 'Biggest Scam No One Talks About'

Ashish Singhal, the Bengaluru-based Chief Executive Officer at PeepalCo, in a LinkedIn post flagged the unspoken truth of "middle-class salaries" in India. While the cost of living has skyrocketed, the income growth for the middle class have stagnated over the last decade, bringing about a "well-dressed decline."While maintaining appearances through credit, the middle class, according to Singhal, is quietly sacrificing savings and essential need…

Tax situation limits greater progress and the increase in inflation, driven by food, penalises more poor people, which spend more part of the budget on food

'The biggest scam no one talks about': Bengaluru CEO slams India's middle class salary crisis - BusinessToday

Over the last 10 years, Indians earning between ₹5 lakh and ₹1 crore annually—typically classified as middle-income—have seen their earnings grow at just 0.4% CAGR. In contrast, food prices have jumped nearly 80%, and inflation has steadily chipped away at purchasing power.