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'Half of India has less than ₹3.5 lakh': Financial expert warns India’s next crisis is personal

Summary by Business Today

He also offers benchmarks for comparison: excluding primary residence, if your wealth is above ₹90 lakh, you’re richer than half of Singapore’s population; above ₹96 lakh, and you’re ahead of 50% of Americans.

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Orissa POST

India’s wealth inequality crisis: Half the population has less than Rs 3.5 lakh, says expert - OrissaPOST

Half of India has less than Rs 3.5 lakh to their name, and globally, 90% of people would struggle to survive the loss of a single paycheck. These are the stark warnings from Chennai-based financial planner D Muthukrishnan, who highlights deepening inequality in a world increasingly shaped by artificial intelligence, automation and job instability. In a series of posts, Muthukrishnan blends data with analysis, painting a future where wealth conce…

5 days ago

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