The present study examined the correlation between self-compassion and psychological well-being subscales (personal growth, environmental mastery, purpose in life, self-acceptance, autonomy, and positive relationships with others) in young adults in India. The sample (aged 18–40, N = 109) was collected using a non-probability sampling technique from various regions of India. The tools used were the Self-Compassion Scale (Neff, 2003) and the Psychological Wellbeing Scale (Ryff, 1989). The data were found to be normally distributed, so Spearman’s rank correlation coefficient was used for analysis. The study aimed to address research questions such as Hypothesis 1, which posits no significant correlation between levels of self-compassion and psychological well-being. Hypothesis 2, on the other hand, proposes a significant correlation between these levels. The results indicate a positive correlation between self-compassion and the psychological well-being subscales of personal growth, purpose in life, self-acceptance, and positive relationships with others and no significant correlation between Environmental mastery and Autonomy in young adults. This finding contributes to our understanding of self-compassion by exploring the downstream effects of its components.