Many middle-class Indians today are finding it harder than ever to buy homes, not because they earn too little, but because asset prices have far outpaced salary growth over the past few decades. Akshat Shrivastava, a hedge fund manager and founder of financial education platform Wisdom Hatch, compares a Rs 3,500 monthly salary in 1990 to today's median salary of Rs 27,000-Rs 29,400. On the surface, that looks like growth. But adjusted for 6% annual inflation, Rs 3,500 in 1990 holds roughly the same purchasing power as Rs 27,000 today. That, Shrivastava argues, is the root of the issue: while salaries have generally kept pace with inflation, they haven't matched the pace of asset price growth, especially in real estate. "While the salaries are compounding very slowly in India, the asset prices: houses, land, gold, stocks have been growing at a much faster rate," he wrote. He calls this trend asset price appreciation, and notes that it's eroding the middle cla...
Rajkummar Rao won the Best Actor Award at Filmfare 2023 for his role in Badhaai Do . The film, directed by Harshavardhan Kulkarni, also won the Best Film (Critics) Award. Now, the actor has written a note about the “wonderful evening.” He also congratulated Alia Bhatt for her “big win”. She won the Best Actress Award for Gangubai Kathiawadi. Sharing a picture of himself and Alia posing with the coveted trophies, Rajkummar Rao wrote, “Such a wonderful evening it was. So many deserving people got the awards. Was truly happy to see # Vadh winning some important awards and #Badhaai to Alia Bhatt for her big win. Truly deserving. @filmfare.” Replying to the post, Alia Bhatt dropped red hearts. Aparshakti Khurana and Harsh Varrdhan Kapoor followed suit. Oscar-winning producer Guneet Monga dropped a black heart under the post. View this post on Instagram A post shared by RajKummar Rao (@rajkummar_rao) Rajkummar Rao's wife, actres...