Edelweiss’ Radhika Gupta claims that the concept of a middle class in India is often misunderstood, stating that ‘none of us are middle class’. She argues that the idea of a ₹70 lakh salary being a benchmark for the middle class is a myth, highlighting the need for a more realistic understanding of income levels in the country.

The notion of what constitutes the “middle class” in India has sparked a heated debate, with many questioning whether an annual income of ₹70 lakh still falls within this category. According to the CEO of Edelweiss Mutual Fund, the answer is a resounding...