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Detailed Study On The Expense Of Raising A Child In India Motivates People To Be Childless

Cost of raising a baby India
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In our culture, having a child is the next natural step following marriage. Families start pressuring newlyweds to have kids and “take the family line forward” within the first year of their marriage. However, the joys of parenthood do not last long for many people. They are kept occupied for the first two years with regular pediatrician visits, check-ups, follow-ups, immunizations, and so on. Then comes the stress of their children’s education, beginning with preschool and kindergarten and progressing to college. As a result of which, many couples choose not to have children. Continue reading to learn more on the subject.

 

The Financial Aspects Of Having A Child

New Born Baby
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The cost of having and raising a kid is too expensive for middle-class households in metropolitan India. Many families do not consider the financial implications of having a kid. They believe that taking money so seriously when it comes to children is inconsiderate. Families, on the other hand, must be more practical and make informed judgments.

 

A Research Considering The Financials

Cost Of Raising A Child In India
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Mint recently published a well-researched article outlining the cost of raising a child in metropolitan India, which made people reconsider having kids. Schooling, extracurricular activities, medical bills, and so on are prohibitively expensive in cities such as Mumbai, Bangalore, and Delhi.

Mumbai

A Mumbai-based couple with an 8-year-old son spends Rs 1.72 lakh per year on school fees, Rs 2000 per month on extracurricular activities, Rs 10,000-12,000 on medical bills, and Rs 20,000-24,000 on clothing. In addition to these costs, they must save for their child’s future.

Bangalore

In another situation, a couple in Bangalore has two kids, one who is five and a half years old and the other who is eight months old. Annually, Rs 80,000 is spent on school fees, but Rs 1.8 lakh is spent on the automobile and petrol. Summer vacation camp costs between Rs 8,000 and Rs 10,000, and Rs 40,000 is deducted from the newborn’s annual medical bills.

Delhi:

The annual school fee in Delhi is Rs 1.56 lakh, while it is Rs 1.5 lakh in Indore.

Even before all of this, a C-section costs Rs 1 lakh when the child is going to be delivered. It will cost around Rs 3.7 lakh in ten years. Vaccines for the first 18 months range in price from Rs 60,000 to Rs 80,000.

 

The Netizens React On Raising A Child

This extensive list of costs caused many people online to reconsider having a child in this day and age. Here are a few of the responses:

What do you think of this research done by Mint? Would you want to have kids? Make sure to share your opinions with us in the comment section below. We await your response!

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Geetika Negi
the authorGeetika Negi
Content Writer
From algorithms to alliterations - a computer science student experimenting with the art of content writing.