The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
Sometimes major events completely disconnected may be data points for the plans of the different powers around the world. The challenge is to discern what purpose they serve? More critically, what are we moving towards?
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
In a survey by Economic Times, it was learnt that the families with Household Incomes of over Rs 12.5 lakhs have increased from 20% in 1993-94 to 53% in 2009-10 and recently to 59%.
The families holding their position in the top household income families are also considered to be high spenders as 40 percent of the income is spent on private consumption. Whereas, middle income families just spend 17 percent of their incomes on private consumption.
According to another study by NCAER-CMCR, spending percent on food by the various classes is very indicative:
Percent of income spent on education also shows a very interesting trend:
Rich – 8.8% Middle Class – 9.2% Aspirers – 8.1% Deprived Class – 5.7%
The study also found that educational qualifications have a direct impact on the growth of your income.
The rich class spends most amongst all the classes on transportation – 14.7% – which is understandable, as they may be going for more and more expensive cars.
As the technologies become available for the common man, the Indian population is also spending more on gadgets. 61% of Indian population owns a mobile phone, while 18% have a smart phone, and 36.7% have a desktop computer. Those with laptop and notebooks are 35%.
The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
This visit of India left me with many questions. Many observations and inputs from different people and sections. Food for thought that I have tried to contemplate on and make sense of. Sharing all that with you.
When you analyze the last 60 years of the economic miracles of Singapore, South Korea and Malaysia versus the continued impoverished Indian economy, you get very interesting lessons. Can Indians have the wherewithal in them to do in one generation so that the coming generations may rise?
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