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Earning 50LPA makes you top 1%, seriously?

So many people with multiple houses, high end cars.. when they mention such statistics are they even considering total wealth or inheritance?

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Dhoni

Target

2 months ago

Think of it from numbers: you will be on top 1.5 crores. And that's a lot.
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ElonMast

Amazon

2 months ago

Earnings & NW are different. Official earnings of an MP won’t exceed 50L/annum but none of them have less than 100s of crores.
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Personal Finance on

by SlimyViper

Cognizant

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?

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Personal Finance on

by BiryaniEnthu

Stealth

When Grapevine says 1% of India's Top professionals, does that mean I should earn 53LPA 🥹

I definitely should earn 53LPA!

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Personal Finance on

by QuaintBeef37

AppViewX

What is the income category for an individual in lower ,middle, upper middle, rich clqss

Below 1 lpa : :((( 2-4 — Lower middle class 4- 8 —- Middle class 9-15 —- upper middle class 15+ upper class What would you guys categorise?

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Personal Finance on

by jake_peralta_B99

Unemployed

What it takes to be in Top 1% of India

The last I saw, to be in top 1% individual in terms of wealth, you needed to have assets worth $77k. This is from news article of 2020. Sharing link here - https://timesofindia.indiatimes.com/business/india-business/this-is-what-it-takes-to-be-in-the-1-around-the-world/articleshow/74057315.cms Now, based on new data, you need to have assets of around $175k. Approx 150% rise in 3 yrs! Link for the same - https://www.moneycontrol.com/news/business/real-estate/indias-ultra-wealthy-population-to-surge-58-4-in-next-five-years-knight-frank-10605531.html Is anyone here in top 1%?

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Adulting on

by LooseGoose

Stealth

Harsh truths and reality checks

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Business Roles on

by micheal_scott

Stealth

Fun guesstimate

Can you estimate the number of working professionals in India? Assumptions Tier 1 only Age 21 to 60 Has a desk job Salary above 1L per month Feel free to comment for any clarification.

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Personal Finance on

by CloseImage13

Stealth

Reality Check

Hi fellow grapeviners, I came across few posts mentioning i am earning 60+ or 70+ lpa having 2.5 to 3 years of experience but age is only 23 or 24. I know this is too good to be real. Some iitians can do but are these people real? Please answer because these posts make me depressed i don't know why?

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Misc on

by RuralBough

Student

Bjp

As most of the people here are working in corporates and most of them belong to the top 1% , i want to know the opinion of this segment of people about the modi government as problems faced by these people are totally different from the other population . Has the Modi government helped in growing businesses in any form ?

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Personal Finance on

by AGIcoming

Google

45 lakh people have incomes above Rs 10 lakh, but 25 lakh cars are bought every year

In a country of 140 crore people, only 6.77 crore file taxes, out of which only 20 lakh people pay taxes with income over 20 lakh. The income tax data collected shows only 1.7 lakh people reporting income of more than Rs 1 crore in a year. Yet luxury brands like BMW, Jaguar, Audi, Mercedes, Porsche, and Maserati sell almost 35,000 cars every year. Also, 45 lakh people have incomes above Rs 10 lakh, but 25 lakh cars are bought every year. That only shows that tax evasion is soaring.