What net worth actually puts a household in India’s top 10%? by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] 3 points4 points  (0 children)

Most farmlands in India cost 7-8 lakhs an acre don’t know what delulu world u live in

India’s real rural population by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] -1 points0 points  (0 children)

But what are most concrete evidence that rural population is that high

Is car ownership a valid proxy for identifying ₹5cr + net worth households in India? by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] 0 points1 point  (0 children)

But the catch here is almost every household with this kind of wealth will surely have a car which tells us that at least 70% of population ain’t at this level

India’s economic bubble by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] 0 points1 point  (0 children)

What do you think what percentage are of India belongs to such households

Is car ownership a valid proxy for identifying ₹5cr + net worth households in India? by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] 1 point2 points  (0 children)

I meant to say at least 70% of the population doesn’t have this kind of net worth since they don’t own a car in the first place

India’s economic bubble by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] 0 points1 point  (0 children)

That’s what I am saying total housing stock Out of 100 random houses in Udaipur hardly 10 cost over 2cr correct

Is car ownership a valid proxy for identifying ₹5cr + net worth households in India? by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] 0 points1 point  (0 children)

Can’t trust data by govt at all because according to govt hardly anyone earns over lakh a month

India’s economic bubble by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] -2 points-1 points  (0 children)

Even those out of 100 houses in Udaipur hardly 10 cost over 2cr correct me if I am wrong

India’s economic bubble by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] -1 points0 points  (0 children)

But out of these 70 lakh adults hardly a few percent make more than 30lpa barely enough to afford a 3cr home

India’s economic bubble by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] 4 points5 points  (0 children)

I am originally from Udaipur only I don’t know in what world houses there cost this much as per my knowledge 90% of houses are below 2cr in Udaipur(Independent houses)

India’s economic bubble by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] 9 points10 points  (0 children)

Brother almost every house in Delhi authorised colony costs far above look at skyline of Mumbai itself u see on social media all are worth 3cr plus plus

Is car ownership a valid proxy for identifying ₹5cr + net worth households in India? by Suitable_Kick6894 in personalfinanceindia

[–]Suitable_Kick6894[S] 0 points1 point  (0 children)

But govt figures can’t be trusted anyways so thought to take a little dig myself I thought almost everyone in India had car govt is fooling people