When Grapevine says 1% of India's Top professionals, does that mean I should earn 53LPA 🥹
I definitely should earn 53LPA!
BiryaniEnthu
Stealth
a month ago
Care to explain higher lord?
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This is considering only the income not the Net Worth or Business/Farming incomes which generally are not recorded as per actuals.
BiryaniEnthu
Stealth
a month ago
Yes, they mention it in disclaimer, it is too niche. Life is not that simple
20 lakh is threshold income for entering in top 1% . 53 lakh is average income of all those people who are in top 1%
BiryaniEnthu
Stealth
a month ago
If I earn 20LPA from salary, I will be 1%?
Yes.... Income wise, you would be in top 1% if you earn rs 20.74 lakh to be precise...
However wealth wise, you need to have total accumulated wealth of rs. 81.6 lakh to be in top 1% .
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GeneralZod
Stealth
a month ago
Top 0.001% = 1.5 lakhs have annual income of more than 50 crore. Now, let that sink in before you post bragging about your 1 crore milestone everywhere
BiryaniEnthu
Stealth
a month ago
1 cr is nothing in today's world 🥲
BiryaniEnthu
Stealth
a month ago
Well this is just "income", not the income that money generates further. Which must be multi folds
Try offering consultations to people who want to increase their 🍇 and I bet you can become top 0.00001% too.
BiryaniEnthu
Stealth
a month ago
Ambani ko bhi Cross 😂😂
IamBiztech
Student
a month ago
Means 55+ CTC will put someone in top 1% but 1.65 lpa is even not sufficient for considering in any category keeping in mind the inflation and sky rocketing prices of most of the things in tier 1 cities of tier 2 cities
BiryaniEnthu
Stealth
a month ago
Good question, though it is not mentioned
Should be post tax that way numbers can be compared. The poorest aren't paying taxes so doesn't make sense if it is pre tax
@BiryaniEnthu the data is incorrect on so many levels. I come from a village in Karnataka and nowadays anyone is capable of earning atleast 4-5 lakhs per year. Even considering the blue collar jobs. And it’s not 71k per annum for 50% it’s much higher than that.
BiryaniEnthu
Stealth
a month ago
I know, read the T&C in the chart below. It is stupid to even have this half hearted chart. Gives no insights at all
Bumpy_Stock
Stealth
a month ago
So where is Adani n Ambani? Off the charts. This chart is good to understand who to target as a business. If we want to set net worth goals. The chart is useless.
salary cards kam the ki tum ye chart le aayin….Kitna gareeba ka ehsaas dilaogi @BiryaniEnthu
BiryaniEnthu
Stealth
a month ago
🥺
Lots of people in rural regions keep their income undocumented. But they have crores in the bank and tens of crores property
BiryaniEnthu
Stealth
a month ago
Highly unlikely they have chores in bank, else would have been accountable
They keep it as cash hence we think rural is poor
BiryaniEnthu
Stealth
a month ago
Probably, that's the official report
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BiryaniEnthu
Stealth
a month ago
Lol how will they find that
