Economy
Data shows raising a child to age 25 costs up to ₹4 crore in urban India
The Hindu2h
THE BRIEF
1
Economic data and inflation models indicate raising a child up to age 25 costs between ₹75 lakh and ₹2 crore for middle-class urban households, and ₹2 crore to ₹4 crore for upper-middle-class families.
2
Higher education costs represent the most capital-intensive hurdle, with specialized professional degrees ranging from ₹25 lakh to ₹3 crore amidst 10-12% annual education inflation.
3
Experts advise starting an equity systematic investment plan from birth alongside utilizing tax-saving instruments like PPF, Sukanya Samriddhi Yojana, and NPS Vatsalya.