Half of that is just the Ambanis/Adanis 🥲

Software Engineer

Inherit? You mean our parents have that much money and never told us so to keep us humble?

Consultant

Ok so that's why our parents and grandparents go to banks every week with their passbooks

Software Developer

Hamein bhi jyada nahi bas 2 million de do 🫣

Yaar, yeh sab logon se kaise milte hain??? I don't even mind being the Maddie to their London 😭😭

Lawyer

Who will tell that 90% of this 382 billions will be in 2 families 🥲😅

Hum to fakir hai... 10% me khushi maan lenge 😎.

Product Manager

Coz there's a difference between "we" and the government.

Founder

Thanks for the info. I am looking to get married now.

Welcome to News Discussion's Private Community

India’s millennial and Gen-Z heirs are poised to inherit $382 billion – three times more than their Chinese peers.

India’s 16 Richest Heirs 2024: Children of Ambani, Adani to Inherit Billions

Operations Manager

India’s millennial and Gen-Z heirs are poised to inherit $382 billion – three times more than their Chinese peers.- Grapevine

I'll be happy to answer any questions about GenZ!

GenZ are the most diverse generation (accelerated by growing up with the internet since we were 4 years old) and you cannot generalise by saying 'this is genz' because no matter what, not even 30% of us are similar.
  
Yes, we run after validation on Instagram. And yes it's unhealthy. But it's not fair to single us out. Older generations have also been obsessed with TV News, FB and Twitter. No need to deny, we all know.
  
GenZ also more openly talks about mental health and we call out things which the older generations just accepted as 'aisa hi hota hai'. Think Gender Inclusivity, Harmful Climate Practices, Running after only Salary, Marriage and Kids, Jobs where you're not treated with Basic Human Dignity, Shitty Mental Health, etc. 
 
We're conscious about prioritising our mental health, even though it's tougher for us than ever before, so we're sorry if our calling things 'toxic' annoys you a little.

We're all extremely concerned about Climate Change because we know we're the last generation which can fix this.

From a GenZ. AMA!

Gen Z in India is gearing up to be a major economic player, with their spending power projected to hit $2 trillion by 2035. Right now, they’re influencing 43% of total consumption, mainly in fashion and dining.

Gen Z Expected To Shape The Future Economy With $2 Trillion Spending Power By 2035 - Looma News

Gen-Z Driving India's economy?

Welcome to Personal Finance's Private Community

Here is the way it happens
Fed in USA will increase interest rates to tame inflation. VCs will have to generate greater returns, because USA bonds give better return than most of the bets they’re going to make. Half of the portfolio companies of normie VCs will go under. 

All the limited partners who put in the money into VCs pocket to invest, will start drying up. They'll question every investment the VC makes, so ofc they will become risk averse. 

So VCs will force their companies to become profitable, cut down cost in every way possible. 

Startups will end up firing 20-30 per of the workforce, its do or die for them.  


Now, what can you do?
1/ have buffer amount in fixed deposits (5-6 mos of your expenses), amount you can liquidate easily
2/ now is the time to work hard and prove your worth, be the top performer in team. For the first time in 5y, hiring and retaining equation is in employers favor 
3/ cut down on buying any assets which are not going to appreciate (esp the ones you’re buying on Emi)
4/ upskill yourself 
5/ if possible get a pvt healthcare insurance for you and your loved ones, don't depend on corporate insurance. 

Remember, USA’s recession is world’s recession. Only question is how the cards are going to fall, together all at once or one by one. 

Brace up, next 9 mos are going to be the most difficult times you’ve seen in tech in last 2 decades. 

Godspeed.

ps: sector i would stay away from india perspective- edtech for now

Most of the millenials and genz folks working in tech in India would face recession for the first time

- Fast-fashion retailer NewMe has reached 2.5 million mobile app downloads within a year of its launch in early 2023, boasting a 50% customer retention rate.
- The company’s revenue has surged 7X to Rs 200 crore in 18 months, translating to a monthly revenue of Rs 18 crore.
- Founded in 2022 by Sumit Jasoria, Vinod Naik, Shivam Tripathi, and Himansu Chaudhary, NewMe draws style inspiration from K-pop and resonates with young women.
- NewMe secured $18 million in Series A funding in July, led by Accel, with existing investors Fireside and AUM Ventures also participating.
- Initially an online-only brand, NewMe now generates 18% of its sales from physical retail and plans to expand to 40-50 locations in 20 cities by the end of March 2024. 

 Source: [The Arc](https://thearcweb.com/article/fast-fashion-newmes-revenue-set-to-cross-rs-200-cr-on-gen-z-demand-TwqKCTMDXdx1DZG5)

NewMe’s Revenue Set to Cross Rs 200 Crore on Gen Z Demand

Journalist

Saw a similar post somewhere from an European and I think it’s pretty valid for India.

For context, I am in my early 30s, a home owner, living in tier-2 city with a pretty high salary. Recently got married and my wife also works as an Enterprise AE for a listed US company. Our cost of living is pretty low given the house and tier-2 city. Even if we had a kid, the overall cost of living will not change a lot. 

I got to where I am, economically, by a combination of hard work and luck. Luck definitely was a huge part of it. Knowing the right people at the right time, working on the right technologies helped a lot more in advancing my career a lot more than grinding for good grades. Even the ability to buy a house without much debt, was partly because I was lucky to sell my shares in a fairly small startup. 

It would be easy to say things aren’t economically bad based on my own experience or that of my close friends. However, when I look at things more objectively, I can’t help but come to the conclusion that we are screwed as a generation. Except for maybe the top 1%, salaries are not keeping up even with inflation. Housing costs, specially in tier 1/2 cities are unbelievably high even if you want an average apartment. Jobs are no where to be seen. The whole generation is living in the hope of the stock market rally never ending. This seems completely unsustainable as a nation. I might be doing well for now, but I still recognise how these are real problems for most Indians, who’ve been waiting for India’s century for 20 years

Given that the services industry contributes more than 50% to the GDP, the current state of joblessness, the overall sluggishness in IT and related sectors, and the fundamental changes happening to the way IT services now work, I wouldn’t be surprised if we see a complete recession in the next 4-5 years.  

Lately, there has been a lot of criticism of anyone expressing anger on how bad things are but I think it’s helpful to talk about this.

Is it possible for those doing well to still acknowledge how our generation is screwed economically?

Great post, I was thinking to jot down something similar.     
 The way I see is that our generation(I'm Gen Z), is financially fucked due to 2 main behavioral changes:     
 1. Increase in consOOmerism: We're zoomer consoomer. GenZ is known for show off culture. We will buy the latest and greatest phones on EMI every 2 years. People spend thousands on sneakers, bags, branded clothes.     
 2. No Savings: People are no longer saving money. My then girlfriend used to got mad at me in market when I tried to bargain. Its considered a turn off lmao. People find bargaining bad now... like I'm looting a poor guy. People don't realise how much our parents sacrificed and bargained everyday to save money.

Recently can see many ppl discussing about trading in stocks than investment.

Also I do feel that the likely hood of Zerodha and other platforms to grow with the number of demat accounts being opened is increasing every year. 

So will trading become a common thing which many would try as a part time and turn into full time with the catastrophic growth that everyone is projecting india in next 10 years ?

Do you do trading ?

Welcome to Software Engineers's Private Community

Confused if i should go for MS CS from USA or stay in India, how would you decide?

I have almost 5 years of experience as a software engineer in India.

Its been a long time now, that i am confused if i should go to US for MS considering i will have to take up a loan of 50 lakhs.

Also the layoffs are here, probably scenario will be good once the MS is over (May ‘24) , and i might be able to repay the loan.

It seems like a huge step and a risky one.

My motivation for US are
1. Foreign Exposure and Experience
2. Bank Balance for better retirement in India
As IT is uncertain and we never know what might happen in future.

What are your thoughts on this, what factors should i consider?

MS in CS at US or stay in India?

Welcome to Office Gossip's Private Community

Just wanted to know why and how come our companies have horrible WLB and cultures compared to western counterparts. Is it the fault of the employees for accepting whatever and acting like sheep or is it just the mindset of the senior management to treat their subordinates the same horrible way they were treated as some sort of sick rite of passage ?

Why do Indian Companies / Indian management have horrible work life balance and cultures compared to others  ?

Assistant Manager

Welcome to Indian Startups's Private Community

There are essentially four parties in the startup economy:

1. The Consumer
2. The Enabler(read, Startup)
3. The Service Provider
4. The Investor

Now let's look at Game Theory motivations:

1. The Indian Consumer wants to minimise money spent per unit value extracted, the Western Consumer wants to maximise value extracted per unit money spent. (There's a massive difference.)

2. The Startup depending on the stage wants to maximise User Growth and Free Cash Flows.

3. The Service provider wants to maximise financial incentives.

4. The Investor is wants to maximise the XIRR of their fund. For this they need to reach a multibagger liquidity event.

Now let's look at what happens when:

1. The Consumer gets f'ed over: 

The startup attains pricing power through deep competitive moats allowing for monopolisation. They can jack up the prices to ensure nice FCF, greater rewards for Service Providers and great returns to their investors. (Think, Uber can charge anything to you now)

2. The Startup gets f'ed over: 

The users get bang for their buck, the service providers get good incentives, the investors push for higher growth but unfortunately the startup does not have enough capital to service their Cost of Operations through their unit economics, so they will either run out of cash or investor patience. Either ways, they are doomed. (Think every legit startup that failed)

3. The Service Provider get f'ed over: 

This is the likeliest scenario as they have the least power in this dynamic. Rewards will be reduced over time or made harder to achieve. They have no option because they got no option for sustenance. (Think any on-demand service providing app)

4. The investor gets f'ed over: 

Now imagine there is a startup that can balance the act very well. They have a service that users are willing to pay a margin on. They pay their service providers fairly and have decent unit economics. Now, the investor will do halla about destruction of shareholder value from little growth. (Is this the case with BluSmart?)

Maybe that's why building in India is tough.

[Rant] Here's why someone usually ends up f'ed over, for a startup to get successful in India

- The rise in market cap of companies like Zomato, Policybazaar, and MamaEarth has paved a promising path for Indian startups aiming to go public.
- Zomato co-founder Deepinder Goyal recently joined the billionaire club as his company's market cap crossed Rs 2,00,000 crore ($24 billion).
- Nykaa’s Falguni Nayar and her family hold over 50% of the company, with a collective worth of over $3.25 billion.
- Veteran entrepreneur Sanjeev Bikhchandani's shares via Info Edge are valued at $3.24 billion, making him a significant player.
- Despite challenges, founders like Paytm’s Vijay Shekhar Sharma and PolicyBazaar’s Alok Bansal continue to hold substantial stock values, highlighting the lucrative potential of Indian startups. 

 Source: Entrackr - tinyurl.com/2do9kuy3

Indian Startup Founders Reap Billion-Dollar Fortunes

Any sneakerhead here, I’m confused in Nike Terminator low phantom coconut and Aj1 low, Kindly help me choosing best

Nike Terminator

Gen Z generation, those born between 1990 and 2010, is bringing to the workforce a different set of values, behaviors, and expectations, creating ripples throughout workplaces.

New breed is here!

I hate entitled genz.. Most frauds, brought up on soyboy YouTube channels . 

Boomers hated the millenials.. Millenials were too much talk and true most of it is. 

So why the fuck should millenials bend over backwards for genz. 
If they die, they die.

Keeping up with the trend

This is reality in India too

You don't need to spoil kids with the best possible education, day care and shit they don't even need. 
  
 Today's parents are too much. Our generation didn't even have half the stuff that today's kids do, we still did alright.  
  
 Homeschooling is a great and realistic option that most people don't even consider. They just want to justify breaking their backs without even asking their own family if they need all that extra money and privileges.

Product Owner

Why India lags behind in AI

We’ll be able to move mountains once we stop obsessing with IITians. They work their asses off to get into IITs to get high paying jobs, it’s as simple as that. Train tier-2,3 college students who have nothing to lose. You’ll achieve 100x more optimal results with 100x less investment.

Product Designer

The way all new interns, SDE1.2 & Mostly GenZ are investing in MF. There were multiple people in same family having 3-5 Cr in next 15-18 years. Those not investing will feel the heat later. 😨🥹

India’s millennial and Gen-Z heirs are poised to inherit $382 billion – three times more than their Chinese peers.

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