Detailed Report On The Cost Of Raising A Kid In India Makes Many Want To Remain Child-Free

In our society, the immediate step that comes after marriage is having a child. Within one year of marriage, couples are pestered by their families to have a child and “take the family line forward”. But nowadays, many couples are deciding to remain child-free, for which they receive a lot of criticism from society as well. Funnily, the arguments raised against them by society are quite selfish and transactional, the most popular of them being, “Who will take care of you in your old age?”

However, for middle-class families living in urban India, the cost of having and raising a child is too much. The financial aspect of having a child is something that a lot of families do not take into consideration. They think that to take money so seriously when it comes to children is something that is insensitive. But families need to be more practical and make informed decisions.

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Mint recently released a well-researched report wherein they laid out the monthly cost that goes behind raising a child in urban India. In cities like Mumbai, Bangalore and Delhi, schooling, extra-curricular activities, medical expenses, etc. is way too expensive.

For example, a couple living in Mumbai who has an 8-year-old son spends Rs 1.72 lakh annually on school fees, Rs 2000/month for extra-curricular activities, Rs 10,000-12,000 on medical expenses and Rs 20,000-24,000 on clothes alone. In addition to these expenses, they also have to save for their child’s future.

In another case, a couple living in Bangalore have two sons, one is 5-and-a-half years old and another is 8 months. Rs 80,000 is spent on school fees annually but Rs 1.8 lakh is spent on the car and fuel. Summer vacation camp costs Rs 8,000 to Rs 10,000 and Rs 40,000 goes behind the newborn’s annual medical expenses.

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In Delhi, the annual school fee is Rs 1.56 lakh whereas in Indore it is 1.5 lakh.

Even before all these expenses, when the child is about to be delivered, a C-section costs Rs 1 lakh. In 10 years, it will cost approximately Rs 3.7 lakh. Vaccines for the first 18 months cost between Rs 60,000 to Rs 80,000.

Here’s a look at the full report by Mint:

The report was shared online by journalist Neil Borate.

This detailed list of expenses made a lot of people online rethink their stance on having a child in today’s age. Here’s a look at some of the responses:

What are your views on this topic?

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