india.
The top 10% of India earns ~3L/year, while the top 1% earns ~30L/year
The top 10% is 14 Cr people, the top 1% is 1.4 Cr people, with 12.6 Cr in between
People forget that moving from top 10% to top 1% is huge upward mobility, largely provided by merit-based education
Aviral Bhatnagarx.comTCS employs 6L people and pays out 1.4 Lakh crore salary annually.
IT companies helped you come to a Tier-1 city from a Tier-3 city. Gave you that first job, which could fund your preparation for a better degree/better job. Paid for your lodging boarding while you could attend
x.com🇮🇳 Couples in India are likely to spend one fifth of their total lifetime earnings on their wedding
World of Statisticsx.comAnant Ambani's wedding will generate a revenue of 1,000 Cr, which is just 0.1% of the Ambani net worth
Revenue from the wedding would put it at the ~450th largest public company by revenue this year, bigger than Barbeque Nation
Power law is extreme all the way to the top
Aviral Bhatnagarx.com
India tech investor: “Large outcomes in India consumer are limited, if at all any”
Haldiram’s: Hold my bhujiya https://t.co/7f2ANGwLpV
Okay putting some facts together for you:
[1] India's population will peak in 2065
[2] Right now India's real estate (Eg. Mumbai) is more costly than in Dubai (this makes no sense)
[3] If you are retiring in 2040s, 2050s, 2060s, you will witness a high inflation world (especially in... See more
Akshat Shrivastavax.comArmy occupies an astonishing 72,000 acres of land in Pune
Assuming a 15 Cr price/acre, that is 10L Cr of land in prime areas in Pune alone, which is many times left undeveloped
Army must be one of the largest owners of prime Indian real estate which is put to little good use
Aviral Bhatnagarx.comIndia just needs 4% of land to house its entire population with 1 floor buildings
Yet, real estate prices in cities are abnormally high, with houses in Mumbai going upwards of 50 Cr, 10x per sq.f.t versus even US
Regulation, zoning, corruption has artificially inflated price
Aviral Bhatnagarx.com