Being in top 5% or 10%, I feel blessed.
Recently I came across a report in ToI that said earning 80 K per month puts you at top 4% in India. Assuming that the stats is true, do you feel contended with what you earn?
GeneralZod
Stealth
8 months ago
So, you belong to a group of 6 crore people. Congrats.
PuraniDiwaar
Stealth
8 months ago
the population metric omggggg lol
DumNinja
Stealth
8 months ago
Way to make someone feel shitty 😑. Outside of metro cities 70k is very good money.
I believe this report is based on ITRs. Actual % could be much higher
Sadly with greater income, some lifestyle upgrades take place which sometimes put us into lower percentile 😕
Correction. It's actually 67 K per month or 8 lacs per annum earning puts you at top 4%.
BinaryBillionaire
Stealth
8 months ago
Just imagine, even after being in top 4% of the country … we have to think thrice before buying a house or a car!
Its because the wealth is very unequally divided in this country. So a very small % of individuals have very large piece of that 4% pie. (and also thousands of rich don’t file ITR)
That’s why even after being in top 4%, it doesn’t make any significant difference.
BiryaniEnthu
Stealth
8 months ago
Bhai population dekho India ki, 4% is still a huge number
@SeriousProcastinator Here you go. https://timesofindia.indiatimes.com/india/100-million-indians-to-be-affluent-by-2027-report/articleshow/106790912.cms?from=mdr
DumNinja
Stealth
8 months ago
I'd say ignore the negative comments. People can't be happy themselves, won't let others be happy either.
sleep
Stealth
8 months ago
Bro the local Momo-guy in Bengaluru makes ₹1L/m in profits tax free and then there are so many such momo/golgappa/paratha/idli places. 😆
NeatFrame72
Stealth
8 months ago
The actual percentage would be ~10%. Many hide their income. You can assume 4% in India earn 20 lac per annum easily. And 2% above 30 lac per annum.
I also learnt that if your annual income is in between 5L to 30L then you're considered as middle class.
Go around your place and ask shopkeepers about their ITRs, you will know why you are in top x%
https://timesofindia.indiatimes.com/india/100-million-indians-to-be-affluent-by-2027-report/articleshow/106790912.cms?from=mdr
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