The harsh truth about India’s middle class struggles

Saurabh Mukherjee, in conversation with Raj Shamani, highlighted a shocking reality—data shows that Indians earning between ₹5 lakh to ₹1 crore haven’t seen an income rise in the last decade. Meanwhile, the luxury market is booming, and brands like Zudio have cracked the Tier 2 and Tier 3 markets.