1% rich = billionaires. 
 Anyone who has accumulated such wealth wouldn't be on Grapevine 💰

So you are saying ki I am not a billlionaire? 🤧

Software Developer

You are wrong Gojek. Anyone who has 1.5 Cr networth (175k USD) is considered 1% in India 
  
 https://www.indiatoday.in/business/story/knight-frank-wealth-report-india-top-1-percent-richest-population-2381382-2023-05-19

Research Engineer

Analyst

Grapevine junta with 50 lakhs package at 5 years exp 🤣😜 asking are they being lowballed with 70 lakh offer and top it all have temerity to ask how is WLB😭

Software Engineer

Vast majority of Grapevine users will be top 1% as it takes 1.5 cr networth to be 1%. When we think of 1%, we immediately think of Ambani, Tata etc. In truth they are in top 0.000001%. Your average 1% is likely to be FAANG employee or a doctor  
  
 https://www.indiatoday.in/business/story/knight-frank-wealth-report-india-top-1-percent-richest-population-2381382-2023-05-19

And just 200 families have some 80% of that 40%

Product Manager

Wealth inequality, a tough nut to crack. But remember, every Ambani was once a common man. Are you ready to be the next Ambani?

Every Ambani was a common man? Even the dumb Ambani kids that were just born as an Ambani?

Strategy & Operations

Wealth inequality isn't a problem. Lack of access to basic life necessities and a decent quality of life is. 
  
 If there isn't a reward of wealth to look forward to, people become less competitive, things become expensive and mediocre.

Wealth inequality? It's the rich getting richer, poor getting poorer. Typical Indian story. What's your contribution to this inequality?

Brand Marketing Manager

The 1% here isn't based on income, but based on net worth I believe. Hence, I don't think these people are of working population

Consultant

Haan, because our country’s 1% like hoarding wealth just as much as you like hoarding questions. Now, which Grapevine are you from?

Most of the grapeviners fall in this 1% .

UX/UI Designer

What percentage of Grapevine lies in the top 1%

Welcome to News Discussion's Private Community

India's wealth inequality is at a six-decade high with the top 1% owning 40.1% of wealth. Foreign investments led to a surge in billionaires post-1992. PM Modi's tenure saw a widening rich-poor gap amid rapid economic growth.

India's richest 1% has highest concentration of wealth in decades, study shows

Wealth inequality in India at it's highest. 1% of people control 40% of the wealth 🤔

Investment Associate

Wealth inequality in India at it's highest. 1% of people control 40% of the wealth 🤔- Grapevine

Welcome to Office Gossip's Private Community

A significant increase from 12.5% in 1980

TIL - In India top 1% of income earners now control over 40% of the country's wealth

The present-day golden era of Indian billionaires has produced soaring income inequality in India—now among the highest in the world and starker than in the U.S., Brazil, and South Africa. 

The gap between India’s rich and poor is now so wide that by some measures, the distribution of income in India was more equitable under British colonial rule than it is now.

Since the pandemic begun to Nov 2022, billionaires in India have seen their wealth surge by 121%, or INR 3608 Crore per day in real terms (Around INR 2.5 crore every minute).

Billionaire Raj: India's richest 1% holds 40% of the country's wealth

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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%?

What it takes to be in Top 1% of India

Rahul Gandhi in a rally says this :
"The youth who are unemployed and watching Facebook Instagram reels today will be given ₹1,00,000 khatakhat khatakhat!"

Now, I don't know how can someone be an advocate for this kind of statement?
I know this won't happen but at least give a proper reason. He is literally saying watch reels and earn.

I really feel privileged that TikTok is banned after hearing this from a leader who is trying to become PM of our country.

F Hard Work!

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

Are we India's top 1%?

What opinion will you defend like this?

Sales Leader

Investor

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?

Being in top 5% or 10%, I feel blessed.

Solution Architect

Spread of Billionaires in India. It is truly cool how far ahead Mumbai is. And how near Ahmedabad is to Bangalore.

🇺🇸 President Biden proposes a 44.6% capital gains tax, the highest in history. 

The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals.

Indian markets - be prepared for the biggest rally of the decade 🔥🔥🔥🔥

HUGE POSITIVE FOR INDIAN MARKET

Indian Market

Product Owner

Harsh truths and reality checks

Generalist

Graphvine is my real comfort zone. No one is trying to show off. Reminds me that normal people like me exist too. On Twitter, every college student is super deep into AI research or every professional has 3+ income streams

Twitter and Linkedin are full of overachievers

Are you new here?   
  
 Haven't you come across this yet -  
  
 I'm 29 year old SDE-3 with a 7 figure monthly take home and 10 figure net-worth, should I become a data scientist next?

Sales Manager

Don't worry, none of us belong to the so called Wealthy class. It's about 0.001 percent. May be 50 individuals max in a poor country like India.  
  
"The biggest inequalities in life occur at birth. Some are born abysmally poor, some rich beyond imagination. This has nothing to do with their hard work & has no moral justification. This is the reason why an inheritance tax to curb inequality is a must in any civilized society."

Super super super rich

This should help everyone understand the true picture of income brackets Indians fall in, where do viners belong?

Earnings bracket wise

I’ve seen posts and memes all over social media on the recent titanic sub disaster. I realised anytime someone rich and successful is going through something bad everyone likes to laugh at it or they seem to celebrate it. 

Even when rich people do something for themselves we have the SJWs saying they could’ve end poverty , done this or that but the thing is it’s their money it’s up to them to decide what to do. We’ve got governments to look after the welfare of the people. 

Why hold rich and successful people accountable ? The argument can be made for normal people like you and me as well? 

Why stay in a posh locality in a good house when you could stay somewhere cheap ? Why use an iPhone rather than some ordinary one ? Why have investments when you can invest in on people ? Sounds dumb doesn’t it? So let’s just consider rich people as humans and not heroes or villains with what they do with their wealth.

Wealth inequality in India at it's highest. 1% of people control 40% of the wealth 🤔

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