BENGALURU -- A growing number of Indians are tempering their aspirations and shunning debt-fueled lifestyle upgrades, as stunted wage growth, stubborn inflation and high interest rates begin to bite.
According to government estimates, the average real wage of salaried men in fiscal year ending March 2024 stood at 11858 rupees, about 6% lower than fiscal year ending 2018. (Nikkei montage/Source photos by Yuki Kohara)
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