A well written article. However you did miss out on one aspect. A dollar salary payable in the US cannot be compared with a Rupee salary payable in India. Apples and oranges, what? So the 89 Lacs is not 89 lacs but more like 20 lacs a year in India. A very good salary no doubt but it is still not 89 lacs! The same media that comments on the economy, the sensex and money in general with great acumen very easily forgets the difference between rupees and dollars. Purchasing power parity must be kept in mind.
With 89 lacs in the US, I will still be a pretty average Joe but with 20 lacs in India I can lead a rather good lifestyle.
So I say this to the media reporting these things - grow up and get those dollar signs out of your eyes before you face the camera. Your reporting is incorrect. Get your facts straight.
Secondly, what have the IIM grads acheived? I can point at IIT grads (I am one) and make a list of stuff they have done. What about the boys and girls from the IIMs? Reporting based on value created rather than perceived value at graduation would be more interesting to read and much more valuable information.
