Defining the ideal income for India’s youth

As India navigates its path to economic development, a critical debate is emerging over what constitutes an ideal income for the country’s growing youth population. With nearly 65% ​​of India’s population under the age of 35, ensuring that young people are financially secure is key to sustaining the country’s growth and stability.

Experts suggest that an ideal income for Indian youth should balance both living standards and future aspirations. Currently, the average monthly income for young professionals in urban areas hovers around ₹30,000 to ₹40,000. However, many experts argue that this amount falls short of a comfortable standard of living, especially in metropolitan areas where the cost of living is significantly higher.

To determine an ideal income, several factors need to be considered. First, the income should be sufficient to meet basic needs such as housing, food, transportation, and healthcare. It should also allow for savings and investment, which are essential for long-term financial stability and wealth creation. A suggested benchmark is around ₹60,000 to ₹75,000 per month, which is in line with the current cost of living in major cities and supports a moderate standard of living.

Furthermore, this ideal income should also reflect the increasing educational qualifications and skill levels of today’s youth. As more young people pursue higher education and specialized skills, their earning potential should be commensurate with their qualifications and contributions to the economy.

To achieve this, policymakers and businesses must work together to create better-paying jobs, improve educational outcomes, and support entrepreneurship. By fostering an enabling environment for economic growth and career development, India can ensure that its youth not only thrive but also drive the country’s future prosperity.