'Unfortunately...': Nithin Kamath explains why India's middle class stays broke despite earning more
Business Today Deskbusinesstoday.in
'Unfortunately...': Nithin Kamath explains why India's middle class stays broke despite earning more
"To make it to India's top 10% income earners, one must earn just Rs. 2.9 lakh a year. To enter the top 1%, Rs. 20.7 lakh will suffice. Wealth paints a similar picture. Accumulate Rs. 21 lakh in net assets, and one is now a 10-percenter. Accumulate Rs. 82 lakh and one is in the 1%. There's a reason the 1%ers and 10%ers do not view themselves as... See more
