RE:Buying Capacity Increses
by Abhijit Bhowmick on Mar 05, 2007 10:37 AM Permalink
well tomorrow if I gto to middle east I wont complain...where I was offered 5 times what I earn here (tax free) with housing and free petrol....
RE:RE:Buying Capacity Increses
by gaurav shrivastav on Mar 05, 2007 01:42 PM Permalink
abhijit, what about the cost of living in those gulf countries? today, maybe you are not able to save much if you try to have a good life. But tell me sincerely, if you had graduated 15 years earlier, when India was in the shackles of the license-permit raj, what chance would you have even to get a decent job. In those days, unless you were from the IITs, you would end up with a job paying 3000-5000Rs, if you were lucky. Today, if one is educated, whether BE, BSc, BCOM or LLB, he has very good job opportunities thanks to the outsourcing boom and liberalisation.
In any growing economy, a somewhat high inflation is not unusual, since supply typically lags demand. This high inflation has given us a good wake up call, and if we can remove the supply constraints, through higher crop yields and increased manufacturing, better infrastructure and spread of retail chains, we will be able to take care of it in the next couple of years.
RE:RE:RE:Buying Capacity Increses
by Abhijit Bhowmick on Mar 05, 2007 02:24 PM Permalink
I agree to you what you say and dont deny. Concern is why are we dancing in euphoria, thenlet the government not to beat the drums of growing economy, if gov. is taxing us, no prob....why cant they provide better healthcare and education. I said I am lucky to be born atleast as a middle class guy...my aim was to encompass ppl who have sub-standard life....you spoke about retail, that has doomed the career of several petty traders.....I am not looking for luxury...but a quality of life....managing finances means compromising on ur quality of life....considerign the house rents in different cities, government should provide housing rent exception form income tax for such cities liek Bangalore where it is high....let the gov. tax the houseowners as well, who earns black money through us....
outsourcing ...wait for another 5 years...and then we would have a discussion..already BPO jobs have started to move to Phillipines, Indonesia where it is much cheaper....many copanies have started to accept that Indian proposition is getting expensive as ppl are charging higher salary every year than what the client would prefer to give.....thats y so much attrition....I give a damn care if prices of cigarettes or liquor goes up...but why food items??? and transport....
RE:RE:RE:RE:Buying Capacity Increses
by gaurav shrivastav on Mar 05, 2007 03:14 PM Permalink
I think we can see the glass as either being half empty or half full. Yes, there are problems for the poor, but the poor had problems for last hundreds of years. The point is that today, a lot more of the poor can find a job, due to the trickle down effect. The IT professionals need to go to the malls and multiplexes, they need housing, domestic help etc, and all these activities generate jobs for the poor. Yes retail will destroy several petty traders, but it also has the potential to expand the market, provide additional income to farmers and provide cheaper goods to the consumer. But I must admit, I am not sure whether the benefits of organised retail will outweigh its implications for the traditional retailers. Besides, though corruption is still there, and infrastructure is still poor in India, there has been a marked improvement in both these areas in the last decade. Now the poor also have tools like RTI which can help them a lot. On outsourcing, I doubt that anyone except china can challenge us. Phillipines, eastern europe etc simply dont have the manpower to scale BPOs the way India can. Their attrition and pay hikes will be much worse, if they had half as many people employed in these services as India presently does.
RE:RE:RE:RE:RE:Buying Capacity Increses
by M Haseena on Mar 13, 2007 02:32 AM Permalink
I think, your right guarav, if your buying something means your providing job for others, so in this way money is not centralised to only few people. This may be one solution for the problem which india have, i.e rich becoming richer and poor is more poorer, it may balance the state of money.
