Acche din

What does unemployment around you look like? Or if not around us, for people trying to come out of Tier 2/3 towns. These mass recruiters (behemoths like Capgmeni & Cognizant + TCS Infosys) are actually the gateway for many into a city life. In the absence of it, it's scary to think what they're up to.

I was thinking about this few days back...Today a swiggy employee validated my thoughts so posting here. Layoffs are mainly in cream jobs(20-30% which is hardly 2-3cr source tax web) and in India mainly home loans or highly consumable loans like car or PL are taken by White collars...As per labour law, we ain't protected like in Korea. So, if someone or let's say a major chunk loses his or her job then how the system will absorb this default? Some data... Fy23 Home loan Size is 20 lac crore or $250B (15% of total loans disbursed by amount) 2030 it's about to touch $1T Cagr 23% in HL growth 📈 What if defaults rise in dual digit? Plus exorbitant hike in flat price like literally greater Noida West have 5lac unsold flat but still 10lacs worth flats are being sold at 40-50lacs (poor quality and seelan issues after a month) PS - Usa and China have seen this. (2008 and ongoing in China)

I am in shock that the Canadian PM, in the Canadian Parliament no less has alleged that India has eliminated a khalistani on Canadian soil. I still remember the days, when the single greatest attack on the soul of the country took place in Mumbai on 26/11, all we could do was establish backchannel diplomacy with the likes of the US to get Pakistan to 'calm down'. Not a single bullet was fired in return in a nation that perceived our weak national security as par for the course, getting the Congress led UPA that presided over this moment of unparalleled humiliation, a thumping verdict in 2009. That was an India where we would lament the lack of credible retaliation options including Covert Ops. It was often stated that IK Gujral rolled back R&AW operations outside the country as an excuse for our lack. Although, no action was taken to initiate the operations again. NONE. But excuses were ready should failures occur again. That India of my childhood, seems like a distant past. When URI and Balakot happened, we crossed the LoC and launched Spl Ops to impose rising costs upon Pakistani aggression. Khalistani or old thoroughbred battle hardened Islamic Jihad commanders in Pakistan or PoK are being neutralized, further raising costs to threatening Indian interests. This is not the India I grew up in. 2004-14, when we ought to have taken off, came a pauper after the initial global liquidity fuelled growth from 04-07. Congress went on a far left loony socialistic binge, with massive amounts of debt given to Crony Industrialist friends leading to an NPA crisis which led to Private investment paralysis, plummeting growth further, and inflation hitting the skies. But now, we are poised for a decade or two of rapid, high quality, solid economic growth. All of these factors combine to bolster our Gross National Power like never before. We were supposed to be poor, timid and helpless. We pursued sympathy over strength. But I guess, this is no longer the India we knew of.

When the whole world is coming to India for FTAs, this guy is writing a suicide story for already crippled Canadian economy. A “could be” statement from a Prime Minister 🥱

For folks who recently graduated and have education loan to pay with multiple small loans that family have taken. How do you all invest money and what portion. I earn around 1l per month and 30% of my income goes into loans. It’s already getting better with those small loans already paid over the course of starting few months but the problem is I am left with no sufficient amount of money to invest after deducting the living expenses. Should I wait for the loans to get over first and then start investing or just invest like 10k per month?

After the recent RBI mandate to banks and NBFCs against unsecured personal loans, the lenders have pulled back their hands from digital lending. My company has already started facing the impact. Tomorrow onwards we won't be able to disburse any new loans from our platform because the lender is unsure of the road ahead. Personally, I can't afford to go through another layoff this year :')

Following wester consumerism blindly is the reason when most DINK couple decides not to have kids. The age old colonial term of "civilising the brown is white man's responsiblity". Let me burst this bubble of ever happy life and not having dependency of kids,they are not investment,etc etc. I wont highlight if its right or wrong here for it lots of post are there. I better highlight what will happen after next 20 30 years as I can learn from west(USA) lifestyle pattern. All these people have kept most of their money in *paper* assets like PF,Bank FD,stocks. Reason for highlighting the word paper will see. As the number of oldies will increase over youngsters. Govt will need more youngsters as economy is worked upon by them. No loan takers,no new consumers. What will happen stock prices will fall,same goes for bank interest ,in worst case you wont be ablw to withdraw your principal even(happening in australia, people have to inform why they are withdarwing cash to bankers). Next for pf: when ww contribute to PF we pay foe the payback of current retired generation or basically we are paying their debt. But due to lack of youngster no one will pay your debt so forget your PF as well. This is how your money bubble of Crores will vanish. There is a term debt to gdp ratio, ever heard? Its the debt taken by govt from future generations to develop current lifestyle. Hence still govt need people to sustain and payback that debt so they will allow illegal immigrants ( what you are seeing in USA and Europe in name of "multicultralism"). And you know what? These rowdy immigrants will fill your city and you will become second class citizen why cause its democracy and majority rules. Noone will protect you leave alone police actually there is no one "left" to protect you( read statements of Canadian police regarding car thefts you will find similarities). Still oldies are there so new experimentation on assisted suicides(Canada is leading the way in current timeframe).

I am not sure if I am earning less or the expenses and businesses are down at a global level generally. But it has come to a point where savings have dried out and the amount of loans have increased just to survive through each month. I mainly come from a middle class background and I don’t know if it’s just me or there’s anyone in a similar situation

Me and my spouse in total are earning 6 Lakh a month pre-tax, but inspite of that there is too much pressure on finances. I am just amazed with the cost of living. Rents, School fees, EMIs, Taxes are just eating away all the income. I am barely left with 1 lakh at end of month. This saving is not enough for any emergency. Recently my family faced with medical emergency and I am still recovering with the debt it created. Company covered health insurance denied the claim on certain grounds and we were f**c***. It looks so pretty from outside, but honestly I am frustrated even with this package in hand. Is anyone else feeling the pressure, or I am just bad at managing finances?