The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great.
India on the other hand is poised to become a great multi-trillion $ economy.
Onto something huge. We're talking like 10x growth of the economy here.
Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years.
Be the capitalist, take the risks, make bets, work and stack up promotions and money.
Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.
Curious to know how you know all this? Do you have any survey or research to base this on?
Source - trust me bro
Multiple data points -IMF growth projections -world moving away dollar -China plus one -Fastest growing emerging economy -FDI Inflows -Having highest population -Global PE firms entering India -Record Consumer Spending -Highest earnings growth rates across listed companies
Also a small basic math - 7% growth rate for 50 yrs = (1.07)^50 = 29.46 times current GDP
I'm tired of this bullcrap. India will not keep growing if the US goes under. And all that growth shit is exaggerated. Divide those numbers by our population and it doesn't amount to shit. All your fancy startups don't even combine up in value to even a single big tech company. Yes we are growing but the inflation is also going up. On the whole I barely see any improvement.
From what I see all this is bullshit and per capita income, an average Indian is poor pathetic, and becoming beggar , u cam kiss azz to middle class.
I don't mean to offend the author, but there's a common misconception when people who haven't studied economics or its principles quote information from sources they consider 'trustworthy.' When statements like "the nation is growing, poised to be blah blah..." are made, they often come from sources without apparent effort to understand or verify them. If you're making decisions based on such reports and ideas, it's essential to self-reflect. The world of economics is complex, and predicting outcomes is challenging for you and me.
Additionally, mentioning startups like Paytm and suggesting they aid in India's growth reveals a relatively limited understanding of the subject and how juvenile this is.
Today, I see people being armchair experts of foreign relations and economics, without realising how juvenile their knowledge is.
And what's alarming is that the kids are loving this and are in so large numbers, that's very concerning.
People talking about decline of US, rise of India, start-ups the new Era...etc etc is not funny anymore, it's alarming that people are having so little knowledge and still making so much noise.
My suggestion is to move beyond YouTube podcasts and investment reports and invest time in learning real economics. Only then will you grasp how these terms and optimism can be somewhat naive.
Lengthy rant. Too little substance. Too many whatabouteries. And plenty boring.
Be the capitalist
Ok, just need a "small loan" of 100cr from my ultra rich family
I read the same story every other week from last two years across multiple tweet threads/LinkedIn posts. Yet, graduates find it hard to secure a stable job, small businesses are defaulting and inflation is super high, salaried class is getting taxed same.
People are still aiming to get a decent stable government job (look at the number of applications) because that is the utmost stability a lower middle class family can get. Elections are still being fought over who doles out more freebies. So one may call this pessimistic but there needs to be actual ground change in quality of lives of people to arrive at this conclusion instead of mere conjectures.
I sneeze the entire day with 400 AQI plus air, so seems like a fundamental challenge 🤷♀️ even if I want to carry on here
As long as the government in centre seems sane the opportunities are endless
Didn’t think BJP propaganda will start this early for 2024.
Hi Team,
I have an admit from a Boston University for MS in US. The loan amount is coming around 80L including living expenses and tuition fees.
I’ll have to take a loan to pursue education there.
Is that worth it? The loan amount ...
Also, how to pick your first job? What to look for?
I recently worked at a startup and it was terrible.
To be honest, I still worked at one of the better ones but it just sucked.
Some of the clear downsides I see
Much of the upsides people mention do not exist ot matter as much 1. Financial wealth building - VCs inve...
I could relate to this post. Working at an extremely profitable startup. My experience has been a hit and miss...
Got into multiple top-20 schools in the US, UK, and Canada. Have some initial liquidity and the plan to pre-pay the whole loan post-graduation. However, my net worth will be blown
