Cost of Raising a Child in India 2023

The Financial Realities of Raising a Child

Raising a child is undoubtedly a joyous journey, but it also comes with its fair share of financial responsibilities, especially in Tier-1 and Tier-2 cities across India. Amid the adorable giggles and sleepless nights, parents often find themselves navigating through the financial implications of bringing up a child.

The Choice of Being Childfree and Financial Considerations

A growing trend in recent times is the choice of many individuals and couples to remain childfree, primarily driven by financial considerations. Money has become a key factor influencing the decision to have children, prompting a closer examination of the expenses associated with parenthood.

An In-Depth Analysis by Mint: Breaking Down the Costs

Pic Credit: Mint

A recent in-depth analysis featured in Mint, a financial daily by HT Media, has garnered significant attention for its meticulous breakdown of the costs linked with raising a child in India. Drawing insights from diverse regions of the country, the report offers a comprehensive overview of the various expenditures encompassing a child’s upbringing.

Cost Of School Fees to Higher Education

From school fees and extracurricular activities to clothing, medical expenses, and provisions for higher education, the report provides a holistic perspective on the financial commitments that parents need to prepare for. Depending on factors such as family size and personal circumstances, the annual expenditure for raising a child can range from Rs. 2.5 lakhs to 4.5 lakhs.

Also Read: Bank Of Maharashtra Education Loan

Different Stages of Childhood

One remarkable aspect of the report is its exploration of the evolving financial outlay at different stages of a child’s life. It delves into costs such as pediatrician consultations in various regions and estimates for educational expenses from pre-primary to higher secondary education.


In conclusion, the cost of raising a child in India has multifaceted dimensions, encompassing various aspects of their well-being and education. As individuals and couples make significant life choices, understanding these financial implications becomes crucial for planning a secure and comfortable future for both parents and their children.


How much does it cost to raise a child monthly in India?

The monthly cost of raising a child in India varies based on factors such as location, family size, and lifestyle choices. On average, it can range from a few thousand rupees to over ten thousand rupees.

What is the average cost of raising a baby in India?

Raising a baby involves various expenses, including diapers, formula, clothing, and healthcare. On average, it can cost around Rs. 15,000 to Rs. 20,000 per month.

How much does it cost to educate a child in India?

The cost of education in India varies widely, from affordable government schools to expensive private institutions. On average, it can cost anywhere from Rs. 10,000 to Rs. 50,000 or more per year.

Where is it cheapest to raise a child?

Rural areas and smaller towns generally have lower living costs, making it relatively cheaper to raise a child compared to urban centers.

What is the most expensive country to raise a child?

Countries like Switzerland, Norway, and Hong Kong are known for their high living costs, making them some of the most expensive places to raise children.

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