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Why India's Middle Class Can't Buy Homes, Even With Higher Salaries

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...
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MP News: Rahul Gandhi की Bharat Jodo Yatra के सियासी असर पर BJP की नजर | Latest News | News18 MP CG

Burhanpur News: Bharat Jodo Yatra News | मध्य प्रदेश कांग्रेस के हर नेता और कार्यकर्ता को इंतजार खत्म हो गया है. Rahul Gandhi की Bharat Jodo Yatra Madhya Pradesh पहुंच चुकी है. राहुल की यात्रा की एंट्री Burhanpur जिले के बोरदली गांव से हुई. इस दौरान महाराष्ट्र कांग्रेस के सभी बड़े नेता भी मौजूद रहें जो मध्य प्रदेश की बॉर्डर तक पहुंचे, यहां से मध्य प्रदेश के नेताओं नेRahul Gandhi की Bharat Jodo Yatra का स्वागत किया. Kamal Nath, Digvijay Singh, Arun Yadav, Leader of Opposition Govind Singh सहित तमाम बड़े नेता मौजूद रहे. खास बात ये है कि इसमें कांग्रेस महासचिव प्रियंका गांधी भी शामिल होने आ रही हैं. राहुल गांधी की भारत जोड़ो यात्रा में अब प्रियंका गांधी की भी एंट्री हो गई है. प्रियंका मध्यप्रदेश में राहुल गांधी के साथ कदमताल करती हुई नजर आएंगी. बुरहानपुर से शुरू होने वाली राहुल गांधी की एमपी यात्रा में उनके साथ शामिल होंगी. प्रियंका गांधी का जो कार्यक्रम तय हुआ है उसके मुताबिक वो मध्य प्रदेश में राहुल गांधी के साथ 4 दिन तक कदमताल करेंगी. बुरहानपुर से लेकर मऊ तक प्रियंका गांधी पदयात्रा करेंगी.

from Latest News मध्य प्रदेश News18 हिंदी https://ift.tt/H6YCO15
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