Rs 70 Lakh Isn’t Middle Class? Edelweiss CEO Sparks Debate on Income & Anxiety

None of Us Are Middle Class”: Edelweiss CEO on How Social Media Fuels Financial Anxiety

Radhika Gupta, CEO of Edelweiss Mutual Fund, recently stirred up a debate by saying that individuals earning ₹70 lakh per year are not “middle class” — they are upper class.

According to her, India’s real middle class earns somewhere between ₹5 to ₹8 lakh per year.
But here’s the catch — even those earning ₹70L+ are feeling broke. Why?

👉 Because of rising living costs,
👉 Lifestyle inflation,
👉 And most importantly, social media pressure to keep up appearances.

“We’re in a generation where none of us feel middle class, no matter what we earn.” – Radhika Gupta

Her comments highlight a harsh reality — that financial anxiety isn’t always about income, but also about expectations, comparisons, and the never-ending race for more.

💬 What do you think?

Do you agree that ₹70 lakh/year doesn’t feel “rich” anymore?
Is India’s middle class shrinking — or just redefining itself?

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