Why RICH people will leave India .....(you should too?) [8 Wealth Trends that will define India]
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- เผยแพร่เมื่อ 2 พ.ค. 2024
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Rich people are leaving India.
You can call them any name you want, but if you have an open mind, and study these WEALTH TRENDS shaping up in India, you'd understand their perspective too.
This is not a guide to tell you what you should do, but a mere attempt to make you think about the picture HOLISTICALLY:)
PLEASE NOTE: THIS IS NOT AN INVESTMENT ADVICE. PLEASE DO YOUR OWN DUE DILIGENCE
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Attributions:
Stock videos from Pixabay and Pexels
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Video and TN: Ayushman Khare
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Looking forward for session in Bangalore.....
Please schedule a session in Delhi. :)
Hi
Kya socha tha Modi wali video hit hogi 😂😂
Sali video flop ho gayi …😂
200 Cr ka malik hoke bhi kuch nahi kar paya …..
*Absolutely Great Report.. please keep creating such master piece* ❤️❤️❤️
a comedian once said, India me sab se bada achievement is to leave India
one day you die no matter where you run it's mental health that is need of the hour
Yes ,It is an achievement for poor .... Not for the Rich....
That's the difference b/w a comedian and an intellectual....
Satya
Travel visa le aur try karlo itni badi toop ban Raha hai toh.
@@Nitish.Singhal the above video is for you if you are middle class, if you are not middle class stop bullying, I know you are faithful to your political party, however its a democtatic country and people can critises there govt, and personal attack is not cool...
One thing is sure the people who are paying taxes are getting nothing in RETURN! Basic facilities like Education and Medical services are not in place. Good amount of MONEY is looted by POLITICIAN.
Thank you for realising it.
kerala invests a lot on their hospitals and schools.
@@sidharths-id7mo yes, that's why they went bankrupt
@@sidharths-id7mo The state runs on gulf remittance
@@omduttdixit3433 yeah 2 mega floods that destroyed the critical infrastructure , many viral outbreaks outside of covid, halting the foreign financial aid during the floods by Centre, the fact that they only get 40% of tax money that they make, None of those things might not have an impact on the financial situation right?. If you want to stop the freebies programs you have to invest in the people, make them capable of participating in the economy. But that's hard for people to accept. They rather join Bond Janatha Party and send all the tax money to gujju billionaires.
Most things Akshat said makes sense. Except -
1. Middle class will shrink: not true, middle class will continue to grow given the population growth and the fact that majority of population is young
2. If #1 is valid and true to happen, it is highly unlikely that the govt will increase personal income tax. This is evident also from the introduction of the 'New Income Tax regime' which has given tax relief to starter income ranges.
3. Leave India - as someone who has lived in UAE and US for 8+ years and then returned to India, I can tell you that the phrase "grass is greener on the other side" is very true. Stated differently, EVERY country in the world is going thru difficult times and there is no "perfect" country to immigrate to. As someone who may not have global experience yet, you won't know the challenges until you experience it first hand.
For example, high/good paying jobs in UAE are far and few and likely you will will end up in middle income range with which it is quite difficult to sustain a family in the UAE.
TL;DR: Make money in India and move from middle to rich class in whichever legal methods you wish to choose. Your lifestyle and living conditions will be as good or better than abroad.
On 3. above, atleast for US I can tell you that the return on taxes you pay is much better than in India. Yes there are problems here too and some more serious than in India, but quality of life is better and return on taxes you pay is much better.
I had the same experience in Canada. Very high inflation. The cost of living is very high. The lifestyle I am having in India is far reality in dollars perspective
Living conditions? What about pollution?
middle class will shrink as a percentage to population. not in absolute terms.
@@paragggoyal1552 might be though absolutes matter.
He is just saying the truth.... So Why everyone saying that he is spreading negativity.... He is speaking the facts
Bajpa supporters..
its about timing and only negative pov is sharing.
Yes, he has been doing this truth job as always.
Which country doesn't have taxes ??? Which country doesn't have capitalism....ye iski 3rd-4th video hai same topic pe ....dhruv ratthi pa pilla hai ye
6500 log chale jaye toh kya hua...unki mehnat ki tax paid up wealth hai ... Usme isko kyu tension leni hai ....
Govt... Ne already 20 % TAX LGA DIYA... money exit rokne ke liye...ab govt... Isse jyda kya kre...unki taange pakad le kya....
they are not people they work in government IT cell to control people perception.
All those who are getting triggered seeing this video does not have any idea of where our country is really heading to, hats off to you for such useful video
Forget about millions they don't even see lakhs even in their life 😅
Are yaar? India is progressing well... Don't distort with negative thoughts.. The US is crumbling. Don't promote unwanted things.
India is actually heading towards growth and development and it sure has it's share of problems but overall it's doing better than before .
@@manasuniyal2897 what is doing better bro? better roads in few places?? better temples??? Even if anything comes, its the middle class who has to pay for it not anyone else and the taxation rate will make sure that you won't get to the rich part. Can't go to govt. hosps, can't send your kids to govt. schools, no jobs. There's still alot of things to be done and the corruption and favouring has to stop, but do you really think it will? Its better going to some other country and pay tax rather than give charity from our life savings
Nope not doing better than before @@manasuniyal2897
Absolutely disagree….I have businesses in many countries. One myth about Dubai and Europe, it is Tax Free or less Tax. Here everything is very costlier. India is still very cheaper and doing business in very easy and cheaper in India than Dubai and any Euro contries.
I am currently visiting Europe and I must say things have changed so much here. Everything is expensive, the cities feel unsafe and I cant wait to get back home. I too pay a lot of tax but I think it is far better than living elsewhere
Don't tell this to our Mr. Manipulator Akshat
which country did you visit in Europe. I have been living in Europe and India is no comparison. Don't just close eyes to problems.
@@shashank6159 Germany, Belgium. You can try venturing outside Frankfurt Hbf. This is my personal opinion, you may prefer living there and there is nothing wrong in it.
Lol visiting as a tourist vs moving permanently is different
@@pandugeetoh yes it is completely different. It’s a lot more fun visiting as a tourist
After listening to Askhata on the topic of migration i thought i should respond...i have travelled extensively be it US Europe Singapore on long term and short term as part of my career from India and fairly senior now. I had the opportunity to stay back as a NRI but decided to come back ..best decision of my life when i had children. I was one of first batches of computer engineering in 1991.
1. Migration to other countries will not solve all your so called quality of life issues.
2. Money is important no doubt.but happiness is a factor of many other aspects.
3. Life is not only money. It involves lot of other aspects family, near and dear ones, relations, your village, society.
4. All countries have equal share of problems in their own domain be it health care, inequality, opportunities.
5. Health especially mental health is very important.
6. Children education and their outlook of life is important. If your are obsessed with providing luxury your kids, u develop woke kids ..there could be exceptions.
7. Running away from problems is the easiest route. There are difficult choices but will be fulfilling.
8. India is changing and your definition or western definition of success and happines no longer a valid.
9. There are good things in other countries, you go and learn them come back and make a difference be it small one
10. You are just one among the crowd outside and you come across racists.
11. You are a alien immigrant in a foreign soil a cheap labourer.
12. Be my guest if it appealing to run.
True!
To add one more point when things go wrong on a foreign land Indian Govt. safely brings you back home in Indian AN 32 Planes
cant agree more. its reverse. Outside india you see immigrants from humble backgrounds and not seen, met a single person with factories in india or shops in chandni chowk. no super rich spotted outside india accept for shopping. all those point said in the video, will have no standing against isolation and loneliness
India is changing for whom?
Very well said, Venkat. Jai Hind
Agree with many of your points, but I’m an NRI also and still have mixed feelings about going back. Have a fulfilling job and a good life within my needs. Everyone is different and it’s relative, as to what holds importance for each of us and what brings happiness.
Just one more thing about the racism you mention. Racism and discrimination is a human flaw, every one suffers from it. In fact if you look deep down inside yourself you might have also harboured similar thoughts.. and some of the worst discrimination I suffered was guess where? India!! My own country and society, or so I thought 😢
When the govt says don’t panic that’s the time to run for the hills
😂loved this
Nailed it
A legend once said 'Sabse pehle aapne ghabrana nahi hai', you know what then happened to that country 😌😌😌
Absolutely 💯
I guess i heard this dialogue of yours in 2012 movie or maybe its just a coincidence 😅
Many influencers are getting aggressive about all the issues related to government lately. Thats really a good thing for a healthy conversation on the governments actions. At least someone is asking questions, since opposition is not able to, or being restricted.
Opposition is asking questions but I do not think anybody is answering them, or they are changing the topic by doing "what aboutism".
Opposition voice comes through media and the media is I guess you know.……
How's the wealth redistribution going on ?@@jaibirkang5345
The proposed broadcast bill will give government draconian powers to control what is being said on social media. Once that happens, even influencers will be silenced or crushed just like the opposition.
@@Factoumil Opposition is no good. We need better opposition
Just a thought about what you said about moving to europe, “the taxes are higher, but facilities are more”. I am in Germany since last three years. Here the taxes are really higher and the facilities are charged separately. Like you will get very good public transport, but fares are higher. The roads are really good, but the maintenance charges and vehicle insurances will rip you apart if you own a car. The healthcare is not that great here, but they charge above 500 euros every month. This doesn’t again include all the treatments, you need to topup to get other illnesses covered. And being away from your home is another problem. Its hard to survive with the language here, its hard to make friends here 😢. Lot of issues like this are here as well. Like our grandparents says, grass is always greener on the other side😂
this guy is an absolute nonsense
@@infinityuniverse4858 coz he doesnt supports modighee
he is only suggesting a solutiion that has worked for him. think and evaluate for yourself
If its so bad, you can always come back, no one is stopping you from coming back except yourself; but you chose to stay there!
Just for avoiding congestion and pollution its worth it.
If there is so much issue in India, why JP Morgan CEO Jamie Damon praising Indian developments? IMF, WORLD BANK etc all are praising India's growth. Do you have more data facts than them?
I didn't leave India because I was a millionaire. I left because I wanted to become one. Let that sink in.
He isn't talking about you. To your point, you don't matter, at all, because you never contributed to the wealth economics of that country. Let that sink in.
Hope you did not have to go out loaded in a container. Let *that* sink in
None of the top developed/developing countries are capitalist or Free market or socialist. All the top 20 countries are totalitarian and facist. It means that the top 1 percent who fund the political parties and do not pay any taxes, take massive loans from government who collect high taxes from middleclass, upper middle class, small business groups. The government in all these countries provide average facilities to the society like providing alms. This has been happening for more than 3 decades.
@@snowywinter9bang on 💪
@anirbanbhattacharya2874 royal
He is telling truth.myself getting 24 lacs and giving 5 lacs as a tax.reminjng 19 lacs.out of remining 9 lacs whatever i purchase minimum 18% to 28 % so on an everage 20% tax 1.8 lacs.remining 10 lacs if i purchase a car for 10 lacs i have to pay 28% tax which is around 2.6 lacs.so over all around 10 lacs I am paying tax to govt for 24 lacs earning.just calculate it will come around 42% tax i am paying..Still do you think we should praise givt and modi😂
and also you will pay high tax on petrol .
Opposition bhi L hi hai. From my pov though.... Lesser evil wala funda. And autocratic, arrogant and sabse badi baat jhhootha leader is far more dangerous. Long term mein kya nuksaan ho Raha logon ko samajh nahi aa raha. Khair..... I dont think things are going to change here. Dont know why I cant help commenting😂
This is eye opening for me !!
Meanwhile the one elected in Karnataka is freely handing out electricity, free bus ride, monthly pay checks for unemployed graduates, 2k for all women ….
The only way poor people can be saved is by taxing middle class anyway rich people escape the tax
I was smart enough to leave in 2005 for my masters. Now I am a US citizen and do not repent a single day.
Do you have an Indian Passport?
@@AchillesSeverus India doesn't allow dual citizenship.
@@loduuu1 Aah
So, you are still looking for such videos to comfort yourself 😂
Well said @@saurabhmoudgil675
This certainly sounds good too, but I think it's still worth considering more reliable options like copy trading platforms such as Eledator, for example.
Akshat you're spitting facts. But when you make such videos, you should have the courage to stand by your videos and not delete them when the certain political party trolls start attacking you online.
क्यूं ना डरे, उसके परिवार को कुछ हो गया तो ?, उसके घर पे गुंडे आ गए तो ? ईडी आईबी की रेड डलवा कर जेल में डाल दिया तो? तू तो कमेंट करके भाग गया आवाज तो वो उठा रहा है डर तो लगता है
Bc agar kisi ne 10 cr white kamaya hai ....tax bharke...vo jo marzi kare....usme govt.. uske peeche pad jaye kya...
Teko agar bhaar jana hai toh govt. Tere ghar aake paer pkde ke maalik mat jao.... Kya smjjh rkha hai Indian economy aur govt...
6500 kya 15000 bhi chale jaye toh koi farak nhi pdhega... Kyuki growth ho rhi ..hai isse zyda log har saal add hote hai ... 😂
First of all he is not spitting facts..
He is disappointed because he was not invited by the government for influences felicitation.... while Rachana Ranade was ...
@@ambition4all So u think police station ceremony is more important to him than his family's safety?
Time to find destination outside India to settle down; that's what I think and ofcourse promotion
I earn 25 lakhs more than i ever imagined in my life and i paid aroun 5 lacs direct tax and inflation i still don't feel comfortable in living freely cause of buying home and education of children. Government has destroyed india i will flee at first chance.
Teek hai bhai..all the best..chale jaana
@@kirankoti6316 haan bhai tu reh thullon k paas
@@tariqaziz4534 ye video ja banaya jai na wo bhi yahi rahega last me😂..calm down
Inheritance Tax proposed by Congress has left the chat 🤡🤡🤡
Absolutely brilliant @AkshatZayn, just like all your other videos. As much as you rubbed the irrefutable realities on the audience, the last 2 odd minutes summarised it into a still optimistic and yet a realistic and achievable course of life and livelihood. Please keep up the amazing work you are doing.
Truth is always hard to digest. He is accurate and he is right about everytbing
India की जनता ही जिम्मेदार है हर चीज को एडजस्ट कर लेती है कुछ बोलती नही है सरकार विधायक इसका फायदा उठाती है। सही मुद्दे पर कोई बात नही होती ,only freebies.... मुफ्त खाना मुफ्त पहनना मुफ्त ट्रांसपोर्ट मुफ्त इंटरनेट मुफ्त योगा मुफ्त दारू ..
"Thulle pakad lete hai."
Itna bada influencer itni straight language use karta hai to wo sirf Akshat hi ho sakta hai.
I like his originality
dilli waala insaan jagg gaya ek pal keliye
None of the top developed/developing countries are capitalist or Free market or socialist. All the top 20 countries are totalitarian and facist. It means that the top 1 percent who fund the political parties and do not pay any taxes, take massive loans from government who collect high taxes from middleclass, upper middle class, small business groups. The government in all these countries provide average facilities to the society like providing alms. This has been happening for more than 3 decades. So stop thinking and acting like middleclass/upper middleclass and start working yourself to become rich. First thing to do is live a frugal life, to save money more than 60-70% of your salary/income and then invest in mutual funds, ELSS, index funds, stocks, gold MF/ELSS, gold, low cost real estate and Bonds, then in the next 12 years you can become financially independent and a millionaire.
You can take a man out of Delhi. But you can never take Delhi out of a man 😅
Jab jarrorat padti hai police ki tab yahi thulle 'Sir' ban jate hain ( inc. Akshat Srivastav)😂😂
Agreed 👍
The main issue here is the exponential rise in India's population. It cannot be addressed easily by any government. So as explained in this video, people should start moving abroad. At least it will help lessen the burden here.
Practical, pragmatic, rational, yet hard hitting facts…thank u for yet another lesson…❤❤
I live in Germany as a student, its 20 months now being here and not even for a single minute I have seen a power cut, All houses has heaters even in toilet and kitchen, clean roads and surroundings, proper waste management, first class infrastructure and public transport and lot more. I always think why my country people are deprived of this who is the real culprit for our situation. Unless we bring some real reforms our country is not going to change.
By the way I was thinking to come back but your video is making me think once more.
The main reason is trade deficit, before European settlers stole Wootz steel and textile secret from India to start their own industrial revolution , indian indutries lost the cost and R&D advantage, now have to depend on Oil. China learnt this and they are in trade surplus.
Do u know how many people pay taxes in the west?
Do u know how many people litter garbage on streets in west?
Do u know the level of corruption?
Hardly 2% Indians pay direct taxes, people spit and throw garbage on streets, don't follow traffic laws..
In India, education system is rote learning not practical based. Also most people from India wish to get govt jobs.. huge corruption in every govt dept..
Public kitni hai bhai..
Telangana govt BRS gave all those, still people voted for congress because freebees.
Dont worry, soon Gujrat cities will be like that and rest of India will be poor. Gujrat lobby is working hard.
Sensible, no nonsense, practical reading on India at present. Thanks for sharing your wisdom
Not present.. this has been the case since time immemorial
Being an nri , I can say condition of outside countries gotten way more worse than India , we get far more safety and things back than other countries. India is doing far better , I repeat it’s way worse outside and I know more nris are coming back to India than ever but Akshay didn’t show that stat !! Trust the process , India is on a rise and growth also comes at a cost has happened for every developed nation so will happen to India as we are growing.
Exactly 💯. He is showing 1 sided picture.
Which country are you currently residing? Don’t talk nonsense
Then come back to india live in this vishwaguru land
🤣🤣🤣🤣🤣
@@amangurjar9714 I will as I am on contract once that ends yes
Life becomes much better once you leave this chaotic country.
Please keep on posting this types of videos to guide ignorant people. I like this video. Thanks
of course you do.
U r also anti national... India is growing
@@Venkateshwarulumysoreu r in doomed world
@@Venkateshwarulumysoredo you have any idea we are at ? And what the government owns ..?
Yes please keep posting those videos to keep those anti nationals derive guilty pleasures
To The Point, Facts, Brilliant. Needs Guts and Knowledge to put out such videos. Kudos 👏🏼
Agree!
Ask his sources and credibility. He is spreading misinformation about so many things. Ask people in Singapore and then go back to his videos where he keeps comparing India in negative light. He is already part of propaganda (paid or unpaid does not matter). He is intelligent , he is using all of us to make his next move!
My wife who is a networth millionaire just given up her Indian citizenship after leaving India in 2012. I am not yet a millionaire but will be sooner than later and I left Indian in 2013 and will give up my citizenship in 2-3 years. We are very clear and its clear for us that it doesnt make sense to live in India. Over the 10 years, we have sent lakhs of rupees in foreign remittance to India to pay of debts, invest and support family members…this was a way we have supported our country that has also given us a lot.
Wat about Modi followers of claiming economy rising towards 5 trillion dollar economy, as a middle class we don’t understand this economical terms, Is it good or bad for economy stability??
@@nish5383 It is true that the Indian Economy will grow naturally and this is the natural result of an expanding population. The rupee depreciating to the dollar will make exports out of India cheaper and this will also help the economy grow further in terms pf GDP. However if Govt does not upscale the skills of the population by investing in the education sector then at one point unemployment will increase. Inflation is also very high at the moment which reduced the disposable income of families so even if economy is growing its not really helping the common man due to inflation. If geo-political issues such as Ukraine-Russia war, Iran-Israel War, Read Sea Crisis keeps going from bad to worse the oil price will increase and this will make imports more expensive and Govt will increase taxes which will further hit the common man.
@@nish5383 It would have been good if the 5 trillion GDP actually would have trickled down to every single person and would have reflected in huge growth of per capita income. But what is really happening is the money is going into the hands of only a few rich individuals. And that is not helping either the small business owners who can't compete with the big businesses or us, the customers who fall prey to monopoly set by these big businesses. So no, the middle class will have no benefit from these. Saving more, spending less and investing money is a must.
Hard hitting realities impossible to accept by 80% of emotionally charged population sleep walking towards an economic disaster.A brilliant oppurtunity for clean Enterprenuers.
Akshat please don’t bother about trolls, they will keep trolling you no matter how much sense you make. But for us your perspective is very important and please don’t deprive us from that because of useless trolls.
After 4th June we will take care of such guys who suddenly making these vedios om someone else instructions.
@@ashutoshpandeyz4508 तू कितना कमाता है बे? बड़ा आया capitalism के गुणगान करने। तुझे भी airport seaport दे दिया क्या तेरे पापा ने?
@@ashutoshpandeyz4508 bhajan mei dhyan laga
@@ashutoshpandeyz4508Tu gunda hai kya ya Bhakt
Please ask him to share the statistical analysis to associate with his claim.
What is the CF level. What is the sample size of the data.
What is the percentage of people who are leaving.
What is the source of his data.
Without associating this analysis don’t trust anyone’s analysis.
I already left India. As time passes more and more ppl will realize the facts he has told is coming true. By that time it might be more difficult to move, because govt also will realize that the youngsters moving outside the coutry as a threat and will try to restric more. (Example by imposing high taxation for sending money aborad even for studies and health). Also Indian politics, people'1s sentiments and all the discussions are somehow getting connected to Religion, which is not a good sign for any courtry. Also back a decade ppl were movig out of india was just make more money and comeback. But now scenario is different, now majority is moving out to settle in other countries.
Already sending money is expensive now
@@raghavsridhar I know, at least till 7 lack it is tax free, post that 20% TCS will be deducted. I can see a reduction of the slab in upcoming budgets. Or they may remove the slab completely.
Where did you move?
In the same boat. Totally agree!
Bro do you have any idea about tax in Canada, Australia and USA. You will also say high taxation hai to kya hua education and healthcare bhi to free milta hai... but hospital me appointment Milne me bhi 3-4 mahine nikl jate hai....itne me to vo insan hi nikl lega...
I want to say thank you to the guy in the comments who recommended Eledator to me. You've been very helpful. Thank you!
here in rajasthan right now my grandfather is in private hospital and his bill was 2l and it was paid entirely by scheme started by rajasthan govt by inc govt 2 years ago. also in bjp manifesto it promised free 5l worth of private hospital treatment to all strata of people regardless of economic background age 70 and above. i agree there are negatives but there are some positives too which also needs to be highlighted.
Thats great to hear Rajasthan politicians care about health of its people
Thats what every state need
Very true. People in 30% tax bracket work 3 to 4 months for Govt. In turn govt misuses tht money to pay ED CBI EC to raid opposition parties & poach mlas. This is hitting hard
Meanwhile the one elected in Karnataka is freely handing out electricity, free bus ride, monthly pay checks for unemployed graduates, 2k for all women ….
Not 3 atleast 6months including indirect taxes😢
hahah so true
@@sarafthakkar_123 the effect of such measure is better to local economy and empowerment of women than Adani ji getting airports and ports at throwaway prices.
Then go and grab that airport contracts at throwaway price.😂@@heliostreakproducts6491
My father pay 4000 tax before got salary and also have to pay taxes nearly 1.5 lakh per year, and in the return we got nothing. Nothing means nothing.
Maine last 2 months me 1.5 lakh tax diya hai...ab bolo😊😊😊
@@dhanorilohegaon3472 uske badle me kya mila??
@@dhanorilohegaon3472 badle me kitna mila value wo bolo. Zyada tax dene me seena chaudha karne ka kya fayda jab aapke ghar ke paas wala business man maheene ke laakho kamake 0 tax de raha hai aur benefit bhi le raha hai.
@@dhanorilohegaon3472same bro. Now I lost motivation to even switch job. I take all the effort to find new job in international MNC and more stress to do that job. But more of it will again go as taxes with hardly any role of goverment to play
Please vote for Modiji
I used to live in US and moved back to India. I am very happy in India. There were problems in US and there are problems in India. Once you have money , you realize money is not everything.
I'll stay in India, grow in India and be a part of India's growth story. Patriotism above all ❤
simple plan:
1. pure term life insurance for bread-winner (risk-taker) with proper add-ons
2. Mediclaim for each family member (no family floater)
3. Emergency fund for minimum 6 months in simple FDs
4. Investment in yourself, index fund, other mutual fund SIP, directly stocks, gold, silver, real estate (open plot, agri land, no flat) etc...
5. Build minimum 2-3 income sources
This doesn't improve the quality of life
Yes, sir, it's 100% correct. We haven't received any tax returns from the government. However, to earn Rs.100, we pay Rs.30 in income taxes. Then, when we purchase fuel worth Rs.100, we pay an additional Rs.60 in (SGST & CGST) taxes. Ultimately, we're paying 90% of the total amount in taxes just to obtain fuel worth Rs.40. This is just one example.
Similarly, for purchasing items like rice, wheat, curd, salt, etc., everything is subject to taxation. Bringing tomatoes from farmland involves calculating the taxes paid at various stages: electricity usage EB taxable, farm land usage tractor taxable, fertilizers taxable, labor cost taxable, vegetable transportation fuel taxable, toll gate charges, market entry fees, and storage electricity charges taxable, but while our veg wastage is not accounted to deduct of taxes.
As you mentioned, we also need to set aside funds for quality healthcare and education for our children, as well as for the care of our elders, which also involves paying taxes."
Likewise, we are allocating a significant portion of our earnings to the government through taxes.
"Taxes, taxes, taxes-all are draining our resources and pushing our poverty rate above 80% of the total population, India is 140th position in terms of per capita income." also this govt dosnt have any economists or collective idea about how to control and feed to 140 crore peoples.
This is one of your most daring video full of blunt reality and sharp insights. Kudos!👏🏻👏🏻
In India if you highly educated high salary person it’s crime
You can never beat black money through study and hard work even you will punished with highest income Tax
truth should be said ...well done!!
Eye opener video for rationale thinkers but Andhbhakts will not be able to digest it
You are right but why people not talk about andbakht before 2014.Mistake that had commited for past 70 years and to rectify it it takes time. simply by saying Andh bakt won't work
😂 this guy want 1lakh freebie per year😅
Meanwhile the one elected in Karnataka is freely handing out electricity, free bus ride, monthly pay checks for unemployed graduates, 2k for all women ….
All rationale is good.. but India is not at the highest taxation like in 90s.. but yeah things are reversing gradually.. also we have to note quality of infrastructure has increased in last 10 years visibly.. you have to acknowledge credit where it’s due.. one sided narrative shows intentions in election times.. but yet rational argument…
What about Nile Kabutar who want everything in free from education to promation.
You are the only f****ng one who’s making sense right now.
Looking forward to join your sessions ❤
Why use F word??
In India private schools have not to pay any tax who are doing business of 100-200 crore annually because they are trust. At the same time teachers working in the same school have to pay income tax if their salary is more than 60000₹/month.
Making fool the country!
Everyone knows the person behind the pixelated image.
YT will ban video that's why he pixelated it
Your video today is like - Akshat sunke flower samjha kya - fire hai mai 😂
I see channels like Wealthy expat and Nomad capitalist who are both Americans and left USA, renounced citizenship now living with multiple citizenships whichever suits them financially, like Antigua Barbuda and St Kitts.
Now USA is still developed and slowly growth is slowing down but countries like us which have just started growing and getting on top when needed more wealth for development, these kind of selfish millionaires leave the country and blame the country for not being good enough,
Very well brought out . A point to ponder , why the Indian businessman , few in the list of the richest person in the world, have not gone outside India to complete in the world. They can only make crazy money in India due to policies made to help them .
Really great sceptical analysis....this is the reality today😢
Great video Akshat and timing of this video…
It’s disheartening to see when there are so many burning issues in India which could be discussed during this elections from both the sides i.e. Political parties and citizens but what parties like BJP talk about is Hindu Muslim (e.g. Modi’s speech in Rajasthan today) even after being in Power for 10 years.. I think it’s not the fault of the political parties… they are selling what the demand is.. It seems no-one (Masses) cares about actual issues which can improve lives of the people.
True
What modiji quoted is a statement by man mohan singh, congress manifesto about distribution of wealth and gusbaitiyo means illegal immigrants of Myanmar rohingyas and bangladeshi who r coming to India illegally funded by them for votes🙌
All political parties are same. BJP is nothing different.
@@rajavikramvarma4052 Please check your facts before posting and listen what Manmohan exactly said. Don’t just repeat what BJP and Godi Media is saying. They repeat a lie thousands of times and people starts believing in it.
@@nkar333 I too thought the same but it seems like in last 10 years BJP has left all other political parties far behind.
Thank you for making this video and throwing some light on such issues
What truly distinguishes *Michael Hugh Terpin* is his unwavering commitment to ethical trading practices. He places a strong emphasis on transparency, compliance, and risk management, ensuring that his clients' interests are always protected. This level of integrity is rare in the crypto space and speaks volumes about Michael's character and professionalism.
The video may be bit pessimistic (And also including some marketing stuff for some course or for some influencer visa and stuff in Dubai) and he may have shown his negative bias or displeasure over the current political dispensation, but overall he is not very wrong also about relocating to developed countries.
I live in Europe and money or career wise, it makes no sense to move here, and it might be net loss in saving if one had stayed in India and switched jobs every 2-3 years. Earning, saving potential and career growth is much better in India than Europe.
However, a lot of other things are top-notch here. Air and water quality. Food is unadulterated. Education for kids is less competitive, more relaxed, and stress free.
Roads are very much safer (compare with yellow bus drivers rash driving with kids inside or the daily road rage fights we see in India).
More practical sensible returns/facilities for the tax we pay.
Till now, I have not found any corruption in public offices here (in India, even though knowing local language, we had to pay bribe for everything from getting a death certificate to buying house).
Regarding healthcare, I feel, in India, we are spoiled for choice and have developed this habit to visit specialist for small issues and take anti-biotic. Queue and waiting times are reality in Europe but for life threatning and/or kids medical care is always made available.
No one can predict the future, and personally I am very optimistic about India's economy but, in India, at a individual level, irrespective of any govt/political party in power, it might likely become that one needs to be very wealthy with connections or have reservation certificates for our kids to get good education and jobs while here those seems to be much easily accessible to anyone without any privileges also and would likely remain the same.
Corruption, safety, cleanliness, etc. are improving a lot in India, but the truth is, it would take decades before it reaches the Western world standards.
Brilliant topics picked
absolutely brilliant & well researched case study. Akshat always talks to the point no side taking!! Keep Rocking
I think the reverse has started to happen. As the west becomes costly to live, healthcare costs become obnoxious, frequent racial discrimination, reducing gap in salaries between the West and India , there will be a net inflow of HNIs.
I am not with you on Infrastructure. Over the last decade, Infrastructure is becoming top notch with electrification of railway tracks, world class Highways, Metros, waterways being built, airports more than doubled, ports doubled etc.
I agree with you on healthcare and education has become out of reach of common people.
Oh, by the way, I am in the 30% tax bracket. If my money is being spent on Infrastructure then it's OK with me.
Rupee vs dollar
1984 11.36
1994 31.37 176%
2004 45.32 44.47%
2014 62.33 37.53%
2024 83.35 33.72%
I cannot understand what Akshat is trying to say. If we see the historical data for the past 40 years, the recent 10 years is the lowest fall in rupee value which should be appreciated, associated with huge improvement in all spheres of infra developments whereas in the video he is trying to show the past 10 years as worst, contrary to the fact.
Videos back to back portraying the present government in bad light with unsubstantiated data, at the the time of elections, not goes well with natural justice.
I am fan of Akshat's way of presentation and analytical knowledge but very much upset with biased stand.
Also thinking of ourselves only not bothering about country's as a whole for development. From where the money will come for developing countries. Is comparing with facilities of developed countries wise?
Still I hope Akshat to be politically neutral and expect reasonable answers for criticizing comments so as to correct ourselves, if we are wrong. Passing without response is not good.
thats not really relavent
Is that how you calculate appreciation or depreciation of currency? Shame on your economics.
Is this what godi media taught you like GDP instead of per captita income where India is at 129th place?
@@QuinczYadav ok but how else do you calculate ?curious
Thanks for the video akshat, atleast ur raising a concern on behalf of middle class people, Bhagwan acha karetu
Very well articulated Akshat. The salaried class pays taxes in excess of 30%, live way below their means so that they can save for the wellbeing of their kids. Then the govt says bhai you can't escape the rat race. You invest in something, pay the capital gains tax, buy anything pay GST, drive on roads pay toll, withdraw mutual funds pay tax, withdraw PF pay tax. We are reduced to slaves of the state. And now there are talks of capital gains tax to be on-par with nominal income tax rates. This will be the death blow for salaried class. All their live they saved living below their means and invest the taxed money in stocks, again pay more than 30% of the tax. Very soon 99% of India will be poor beyond imagination. Those who can emigrate are the lucky ones.
Bro let me correct you, HEALTHCARE is big problem in foreign countries as well . In comparison to UK And usa , india is much better and affordable
Truth is a bitter pill to swallow!! Thanks for the insights Akshat.
Great analysis of the current situation.
I loved all the points explained here. Thank you for making this video😊
You mirror the thoughts of many like me. Thanks for articulating so very clearly. This is the kind of advice one needs to pay heed to.
Great Video! Very Informative, my husband is from India & tried to start a warehousing company in India but gave up in 3 months!😃
Hey, could you share why he gave up, what hurdles he faced, or what lessons he learned? Thank you!
@@OffersAlone Someone tried to sell the land to him that he don't own. He got lucky!
How is that govt fault?? That can happen in any country??
@@sireeshainturi400 Literally the role of government in protecting private property rights.
If some local Goonda is sitting in my site, what do you except? We should go and physically fight with them to get out site back? Try going to courts for justice and see how many decades it will take for judgement.
It may happen in other countries, but is extremely rare in developed one. In India everyone will have atleast 1-2 relatives who would have lost site or house to such frauds.
Amazing analysis this is all true 🙌
Hats off for this bold one! Much love and respect!
Most People (90%) don't bother about Taxes because they don't pay any direct tax. So no need discuss about it. So obvious govt response is to squeeze the existing tax payers
Edit: moreover, most the 10% who pay taxes don't vote. What else can you expect
Your points makes sense. BUT you are advising people to run away seeing problems in their Nation.
I hope there are people who have strong values along with being rational. The value to sit and solve the problems of the nation than running away.
Overall I really liked the video. I got to learn a lot!!! Thank you!!
It's still crazy to me that his videos get only half a million views max. His videos need to have a bigger reach in India to make a positive impact.
Because he talks in English
You 100% correct, please dont stop making video's like this. These are very important issues, which some people dont understand.
I support your bravery, dont get demotivated, only people like you are keeping the hope for a change alive.
Thank u for saying the truth 😢
NDA election campaign for 2014 was inflation, corruption etc, but in the last 10 years, prices of everything has only gone up, not a single product or service prices has come down. So Inflation is highest in NDA's term itself and what is the middle class and the poor actually getting from this government is really a big question mark. NDA supporters say infrastructure development is happening, but that's coming at a huge cost for the middle class and the poor whose income and expenses are not in line with rising costs of everything.
I think u r not here when Covid hit whole world. There is a war between Russia and Ukraine. War between Israel and Palestine etc. There is high inflation in Europe. All this things affect India too. This is simple economics. If growth happens it will rise the inflation. Secondly in India Govt are given freebies.
Meanwhile the one elected in Karnataka is freely handing out electricity, free bus ride, monthly pay checks for unemployed graduates, 2k for all women ….
Inflation, high expenses are only a problem for u guys only when the opposition is ruling the country, whereas when NDA is ruling , you are conveniently bearing it and never questioning or challenging the government, that shows your hypocrisy. And I guess you were not living in India before 2014 where costs of everything was much lower and things were affordable for the middle class and the poor. 😏😒😏
@@sarafthakkar_123 Exactly 💯
@@eskuttswhat were the salaries before 2014 and now? Plz stop comparing, Paisa badha toh inflation bhi badhega. It's common worldwide it's not party specific
Thanks sir for making videos like this. Govt is taking flat 30% tax on Crypto and we are getting nothing. Really there is no incentive to be in India and already most of the Indian startups in crypto have shifted to Dubai after this taxation came.
Thanks Akshat for such a insightful video...more power and courage to you ✨.
Promotion by fear .... from 2014 to 2024 cost of studying has raised approx 40pc which almost 3.5pc per year which way more than the way indian economy has grown yoy. I find his facts as a way to create fear and in fear people will be tempted to buy his course.
Fundamental question... when is he leaving India 😂😂😂😂
Studying abroad listen properly bro
37 income streams video is now private
please put it back again. I'm waiting. Couldn't watch it yesterday.
Appreciate the courage you finally spoke : leave India..
Make videos on HOW in context of non professionals
If there were Stockholm syndrome amongst the commons, why would so many aspire to leave?
It's the destitute and ultra wealthy who will stay here, both can't leave and get the most help from the government.
Very good video Akshat. I am generally critical of your videos. But this was one of the best TH-cam video I have seen in long time. Pure hard hitting truth.
Brilliant exposure of reality! The hard fact is ''Truth is always bitter''...Ouch !!
❤❤ Love your Analysis.I totally Agree every point.
You are true patriot, teaching these crucial concepts to fellow countrymen is great service to nation.. Because nation is nothing without citizens.
Keep up the good work.
Very true, well explained
Excellent, Honest Teaching in simple language. An eye opener. Keep it up. THANK YOU, AKSHATJI.
You earned my subscription from this video !!! Agree with most of the points you highlighted..
Akshat u display crystal clarity of thoughts and amply reflect the current situation and truth of India. May you have the courage to continue with your mission.
A very based video, good job. Plz clear the air around congress's wealth distribution as well and plz be unbiased on that topic.
He is biased. U can see it clearly in his earlier videos. Anyways nothing going to change 😮.
Hey Akshat, Need to explore again & again, because everyone need to understand what happening in the low middle class people facing... middle class and low middle people never raise their voice to servio their life.....
A well presented video!! Thankss fr sharing ur wisdom❤
I too would have left if i am rich, I want to leave now with the earning prospects i have, but i am struck in government sector 😅😅
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Gaining skills will only give you real freedom people, not even government job will give you such freedom.
Absolutely agree, I have been living in US for more than a year now I I can see how people in India (Who have never been to any developed country) are being brain washed that there is massive growth happening in India, truth is nothing significant in reforms has been done by this govt too. N as far as road infrastructure is concerned we are nowhere close to US n will probably never get seeing priorities of this government, which keeps building more n more mandirs n statues, over proper city road infrastructure, schools n hospitals
What is the cost of Healthcare in USA ?? Is it really bad as news make it to be in USA.
@@shrin210get a good health insurance and you'll be fine. US has one of the best healthcare in the world.
Great sir,
The best thing in you is straight forward to saying the things and very clear about vision.