New Delhi, Jan. 29 -- Former Infosys CFO TV Mohandas Pai highlighted the growing burden on the middle class due to rising inflation, increasing EMIs, and escalating education costs. In an insightful interview with Mint, Pai, a prominent voice in Indian business and finance, outlined a set of key reforms needed for the country ."The middle class is very angry and upset over high taxes and poor quality of life," Pai said, as he sought income tax relief in Union Budget 2025.

He expressed concern over the burden on middle-class families, particularly as loan EMIs increased, school and college fees soared by 40-60% in the past three years, but incomes remained stagnant.

According to Mohandas Pai, the middle class faces increasing financial s...