To anyone reading this almost all my batchmates have a similar story to me. Graduated in 2020 in Mechanical engineering. Did 3 internships, had 2 research papers published, WAM of 83.4 during the course. I was part of a racing club and led the fest organising team during my final year. Got placed in a company in Banglore but the offer was rescinded in March 2020. I did everything that was required but still could not find a well paying job. Later on found a job in a boiler manufacturing company for only 14k a month after 6 months of struggling. After 9 months of working I got fed up of bad working conditions and I applied for masters and got into a university with worldwide ranking under 50. Got a part time at a grocery store where I earned more in a week than in a month back in India. Now tell me why would anybody want to stay in India. I love my country and really want to serve it. But I don't see a reason to come back.
Indians don't care about fellow Indians. It's a fact. Most people at the top are selfish and try to exploit others . Even in high capitalist countries they have high minimum wages. In communist China the average factory worker earns 3x more still they manufacture more than India and export powerhouse. Indian rulers are not better than east India company
I, too, had a traumatic history working for India Inc., but I am still in the abyss.I finished from pharmacy school in 2013 and after an 8-month job search, I was hired as an analytical chemist (a-r&d) in a large api (bulk medicine) facility in Andhra; they paid me 10k per month, however the plant is located in a jungle.Work hours are 10 hours every shift, however you are required to work 14 hours. After two years, I became quite ill as a result of an ammonia leak near the facility, and they admitted me to a hospital and they didn't care about me. Later, in 2016, I interviewed with a bpo company and worked my way up to become an I.T infrastructure engineer.I don't want to talk about politics or religion,neither about the infrastructure and governance .The system is collapsing as a result of policy failure, and this will happen regardless of who comes to power, as I know from my time working in Europe.Just stay where you are and save some of your earnings but do not come here.
Salary will not increase in India for many decades to come. Employers have options to pay pathetic wages as we are just too many in numbers. Had we been 10 cr people only (I won't have been born in that case, of course), they'd have had shortage of job seekers and paid and treated them well. That's not the case. So, we're screwed. Now listen to baba-gyaan of 70hr-80hr-100hr per week for youth of India for 'tyaag' with peanuts in return. Enjoy.🎉
If our population was somewhere around 10 Cr as per your hypothesis, still the wages wouldn't grow. More than 40% of India currently is employed in agriculture thanks to small and marginalized farmers, government policies on MSP and fertilizers etc. Sure you could have replaced them with more machines to do the job . Now going with the labour intensive manufacturing sectors, it would still be difficult to get more wages. Big industrialists would have arm twisted government to relax any norms related to migrants just to have an influx of cheap labour so as to book record profits and fill their coffers . You can compare the above scenario with rich European and North American nations. The problem currently being experienced in India is too much of an influx of a workforce in a particular sector . We completely neglected the manufacturing sector's ability to absorb the workforce during the period of 1970-2010 and directly jumped to the skill based services sector which in no doubt contributed to India's GDP with a staggering 60% but it failed to deliver on the issue of employment. You will also need to consider PPP and other govt social services while comparing scenarios with other countries .
It always amazes me when people forget proportional indirect taxes which are more harmful in nature and paid by all. Also Corporation taxes which by far outnumber the income tax thanks to those rich guys . Yes but a delusional argument such as 3% of Indian tax payers are sponsoring 97% of the population should help you sleep better at night.
Still the government is increasing Tax burden on middle class... Leaving them with not much in hand and then say growth is slowing.. when people don't have money to spend where will growth come from ?
The Baniya mindset exists everywhere and is not solely an Indian problem. In other countries, CEOs mostly look at short term gains of increasing shareholder value by introducing a large number of cost cutting measures most of them being unjustified only to cause more troubles for the organisation later on. Consider popular cases of Stellantis, Boeing, GE and others. Also the per capita growth is highly dependent on population which in case of India hurts us badly.
@@imparthv No other baniya community in any other country is as short term oriented as Indian baniya community is. They will bring in cheaper imports from China even to the detriment of Indian manufacturing.
For the past one decade and more there are no wage increment and prices have dearer by 60 to 80%. This is completely absured when it's claimed that the economy is now 5th largest than it was 11th one decade ago.
Indian corporates don’t need to increase salaries in-fact if they decrease salaries there will still be more than enough people lining up for the jobs. Thanks to our population.
Our Sangie government has made India into a trading economy rather than a manufacturing economy. Today a Bajaj finds It more profitable to buy an electric press from China, label it and sell it in India. In the process closing his factory in India causing massive unemployment
Its all because of high government spending. Corruption is very high. Government is sleeping. Even though I am BJP supporter but Government is making huge mistake of high taxes. No improvement in Hospital and Education. Government really need to step up.
Thoughtful discussion. As other comments pointed out they can reduce the tax burden on Middle class to increase demand in short term and also focus on supported MSMEs.
MSME sectors are pronged with dwarfism and multi plant setup issues. These are often supported by schemes with sunset clauses . Once the deadline appears MSME owners shut down their plants and start new plants to continue and enjoy government support. It hurts employment creation , prevents creation of new MSMEs which are actually in need of government support and our competitiveness in the long term.
The faulty govt policies is responsible for poor growth in salaries.on one side corporates are getting richer on the other side increase in taxes is increasing the price of food and energy costs which is having adverse effect on the actual salaries.Govt should tax more the corporates and also recover the loans and interest with iron hands.onbthe other hand all food items and energy should be made cheaper.
@Amit Basole liked your perspective on wage growth concerns, the Corporates should engage in combination of capital formation and employment growth to encourage adequate demand in the economy for Corporates.
Government work for corporate anarchy increasing and corruption is at all time high with more extremism and completely corrupt electoral and judicial system nothing will happen for you
Salaries always be increased for MLA and MP only 100percent, for normal middle and poor they have to beg to govt and govt will get one percent increment and taxs the poor and middle class with 99 percent of the income
Govt should increase recruitment in PSUs and departments.There is a big shortage of staff and officers in Govt sector.Private sector will also start recruitment.Only recruitment will help to increase wages.RBI profit increased.Exports are also all time high.But our FM is worst and her policies are creating problems in ecomomy.
Create more jobs or give freedom to job creators….bring down government interference in common citizens life…..everyday common people has to deal with some sarkari person….they have too much power and very low accountability
States have a major role? First give states the money they need. This step motherly treatment isn't doing anyone favors. Job creation was at its peak in 2012-2013.
Plumbers, electricians and carpenters per day minimum income is ₹2000-3000...road side panipuri and kabab vendors/ sellars earns more than ₹2000 per day.
@@rrsetty2108Provided in the case of plumbers and electricians they may not be employed regularly. Also the earnings of panipuri and other food hawkers is highly dependent on their location.
Useless discussion, it is not government's job to provide jobs. PM Modi has clearly stated his position in favour of self employment, and you can see casual labour and self employed people increasing. Where is the problem yaar??
Simple logic yaar. Tum Paisa dega nahi hum kharidega nahi! Ting Tong. Phir nacho GDP GDP...😶🙄. Itne saare scams horele apun ka kya?? Apne ko bhi traning ,job chahiye. Toich apun CAR 🚗🚗 kharidega. Nai to nai. 22-12-2024
As an investor, i want to invest in countries like Vietnam as i believe that they will fundamentally outperform countries like india in terms of manufacturing. Hope we get more opportunities to invest anywhere in the world. I believe that this can help people earn more and help grow incomes better. With that said, india will outperform in sectors like Healthcare where there will be no control in inflation in such sectors.
Stock Market - a tool of capitalism, has reached such a stage that slow, steady but sustainable growth is no longer acceptable to investors. They push companies for exponential profits! This capitalist greed is the root cause of most problems in this world today. Due to the stock market, about 10% of the global population controls 88% of the wealth, while the remaining 90% of people (a.k.a. consumers) are left struggling with inflation, unemployment, and hunger. Still, the capitalists are worried about declining fertility rates as they keep wanting to grow their wealth by squeezing every penny from the Consumers.
To anyone reading this almost all my batchmates have a similar story to me.
Graduated in 2020 in Mechanical engineering. Did 3 internships, had 2 research papers published, WAM of 83.4 during the course. I was part of a racing club and led the fest organising team during my final year. Got placed in a company in Banglore but the offer was rescinded in March 2020.
I did everything that was required but still could not find a well paying job. Later on found a job in a boiler manufacturing company for only 14k a month after 6 months of struggling.
After 9 months of working I got fed up of bad working conditions and I applied for masters and got into a university with worldwide ranking under 50. Got a part time at a grocery store where I earned more in a week than in a month back in India.
Now tell me why would anybody want to stay in India. I love my country and really want to serve it. But I don't see a reason to come back.
Indians don't care about fellow Indians. It's a fact. Most people at the top are selfish and try to exploit others . Even in high capitalist countries they have high minimum wages. In communist China the average factory worker earns 3x more still they manufacture more than India and export powerhouse. Indian rulers are not better than east India company
stay where you are. You can love India but not India's broken society. god bless you 🙏🏾
Stay outside India because only the corrupt assholes can thrive here. Its best to build our lives elsewhere
I, too, had a traumatic history working for India Inc., but I am still in the abyss.I finished from pharmacy school in 2013 and after an 8-month job search, I was hired as an analytical chemist (a-r&d) in a large api (bulk medicine) facility in Andhra; they paid me 10k per month, however the plant is located in a jungle.Work hours are 10 hours every shift, however you are required to work 14 hours. After two years, I became quite ill as a result of an ammonia leak near the facility, and they admitted me to a hospital and they didn't care about me. Later, in 2016, I interviewed with a bpo company and worked my way up to become an I.T infrastructure engineer.I don't want to talk about politics or religion,neither about the infrastructure and governance .The system is collapsing as a result of policy failure, and this will happen regardless of who comes to power, as I know from my time working in Europe.Just stay where you are and save some of your earnings but do not come here.
Don't come back . Talent is not appreciated here.
Salary will not increase in India for many decades to come. Employers have options to pay pathetic wages as we are just too many in numbers. Had we been 10 cr people only (I won't have been born in that case, of course), they'd have had shortage of job seekers and paid and treated them well. That's not the case. So, we're screwed. Now listen to baba-gyaan of 70hr-80hr-100hr per week for youth of India for 'tyaag' with peanuts in return. Enjoy.🎉
If our population was somewhere around 10 Cr as per your hypothesis, still the wages wouldn't grow. More than 40% of India currently is employed in agriculture thanks to small and marginalized farmers, government policies on MSP and fertilizers etc. Sure you could have replaced them with more machines to do the job . Now going with the labour intensive manufacturing sectors, it would still be difficult to get more wages. Big industrialists would have arm twisted government to relax any norms related to migrants just to have an influx of cheap labour so as to book record profits and fill their coffers . You can compare the above scenario with rich European and North American nations. The problem currently being experienced in India is too much of an influx of a workforce in a particular sector . We completely neglected the manufacturing sector's ability to absorb the workforce during the period of 1970-2010 and directly jumped to the skill based services sector which in no doubt contributed to India's GDP with a staggering 60% but it failed to deliver on the issue of employment.
You will also need to consider PPP and other govt social services while comparing scenarios with other countries .
3% tax payers are sponsoring 97% people in India.. Some of them include people who are very rich and avoid paying taxes
True, it's the biggest issue since we can't achieve much growth due to handouts and low skillset in masses
Nirmala Madam, you should get your facts right. When a kid buys a toffee, even he is paying tax.
@@prashanthb6521 first of all stop assuming someones gender by name.. I was referring to income tax by the way
Who told you that
It always amazes me when people forget proportional indirect taxes which are more harmful in nature and paid by all. Also Corporation taxes which by far outnumber the income tax thanks to those rich guys . Yes but a delusional argument such as 3% of Indian tax payers are sponsoring 97% of the population should help you sleep better at night.
Still the government is increasing Tax burden on middle class... Leaving them with not much in hand and then say growth is slowing.. when people don't have money to spend where will growth come from ?
its the baniya mindset in India which will never let the GDP per capita grow
100% correct observation. Not even a single billionaire which is on par with global philosophers
1000% truth !!! It is they who are pulling down India.
The Baniya mindset exists everywhere and is not solely an Indian problem. In other countries, CEOs mostly look at short term gains of increasing shareholder value by introducing a large number of cost cutting measures most of them being unjustified only to cause more troubles for the organisation later on. Consider popular cases of Stellantis, Boeing, GE and others. Also the per capita growth is highly dependent on population which in case of India hurts us badly.
@@imparthv No other baniya community in any other country is as short term oriented as Indian baniya community is. They will bring in cheaper imports from China even to the detriment of Indian manufacturing.
population... competition is the main reason
Still companies import from china. I dont know who has cheaper labour.
Wrong. Dont try to support this govt blindly.
Private employees should get salary hike like central govt employees plus other perks
Then how bosses will buy luxury cars, luxury properties and live lavish lifestyles and make foreign trips.
Pvt employee can't make money out of bribes
I feel high taxes are eating salary
Example 30l ... Pay 9l
NXT year 33l...pay 9.9l
increament is 10% taxes and inflation is eating max increament
this is not flat 30% you have to pay it deducted according to the slab
@@salonikumarisinha9085It is 30% after 15LPA
All our country's problems can be somehow traced to over population. Plus inefficient populist governments.
The only logical argument I could find in the comment section.
For the past one decade and more there are no wage increment and prices have dearer by 60 to 80%. This is completely absured when it's claimed that the economy is now 5th largest than it was 11th one decade ago.
Absolutely true.
Tax rates are higher than wage growth
Indian corporates don’t need to increase salaries in-fact if they decrease salaries there will still be more than enough people lining up for the jobs. Thanks to our population.
CEO is taking big chunk leaving behind the very less salary to others
Our Sangie government has made India into a trading economy rather than a manufacturing economy. Today a Bajaj finds It more profitable to buy an electric press from China, label it and sell it in India. In the process closing his factory in India causing massive unemployment
Its all because of high government spending. Corruption is very high. Government is sleeping. Even though I am BJP supporter but Government is making huge mistake of high taxes. No improvement in Hospital and Education. Government really need to step up.
Thoughtful discussion. As other comments pointed out they can reduce the tax burden on Middle class to increase demand in short term and also focus on supported MSMEs.
MSME sectors are pronged with dwarfism and multi plant setup issues. These are often supported by schemes with sunset clauses . Once the deadline appears MSME owners shut down their plants and start new plants to continue and enjoy government support. It hurts employment creation , prevents creation of new MSMEs which are actually in need of government support and our competitiveness in the long term.
Sita ramaiya taking all our earnings.. not increasing tax slabs as per gold standard.. but increasing GST every year 😢
Per capita income of an indian increased at a faster clip during Manmohan Singh decade than Modani could manage
The global growth rate was much higher u fool
The faulty govt policies is responsible for poor growth in salaries.on one side corporates are getting richer on the other side increase in taxes is increasing the price of food and energy costs which is having adverse effect on the actual salaries.Govt should tax more the corporates and also recover the loans and interest with iron hands.onbthe other hand all food items and energy should be made cheaper.
@Amit Basole liked your perspective on wage growth concerns, the Corporates should engage in combination of capital formation and employment growth to encourage adequate demand in the economy for Corporates.
Government work for corporate anarchy increasing and corruption is at all time high with more extremism and completely corrupt electoral and judicial system nothing will happen for you
Salaries always be increased for MLA and MP only 100percent, for normal middle and poor they have to beg to govt and govt will get one percent increment and taxs the poor and middle class with 99 percent of the income
Govt should increase recruitment in PSUs and departments.There is a big shortage of staff and officers in Govt sector.Private sector will also start recruitment.Only recruitment will help to increase wages.RBI profit increased.Exports are also all time high.But our FM is worst and her policies are creating problems in ecomomy.
I have seen engineers leave a formal job and driving cab
So that billionaire status can be reached faster in Bharat.
Create more jobs or give freedom to job creators….bring down government interference in common citizens life…..everyday common people has to deal with some sarkari person….they have too much power and very low accountability
States have a major role?
First give states the money they need. This step motherly treatment isn't doing anyone favors.
Job creation was at its peak in 2012-2013.
India's growth is 95 percent towards british mode like slavery can be called now Gujrat Model slavery
Minimum wages in India should be 25k to 30k
Now our govt will increase govt employees salary to keep on gdp running
But when hours are increasing in multiples. Mr Murthy for reference
Keep voting for BJP.. They increase more taxes. Divert peoples attention using communal issues
Vote for khatakhat 😂
@vm-my6hg agaya Andhbakths
@@nirmal886aa gya chatukar Gandhu ka 😂
@@sidjain999 ha tu agaye
@@nirmal886 jali na teri, tu bhi tere Gandhos leader jaisa hi hai 😂
Ready for revolution
Most north indian companies are still run in a "lala ki dukan" way.
On the basis of this report, the stock market can be crashed by another 10%. Enjoy bears
Nice debate !
Itna tax jata kidhr h?? Ohh i know in freebies 😁😁
There is a huge shortfall in number of plumbers, electricians but due to abysmal salaries, educated people do not want to do these jobs.
Plumbers, electricians and carpenters per day minimum income is ₹2000-3000...road side panipuri and kabab vendors/ sellars earns more than ₹2000 per day.
@@rrsetty2108Provided in the case of plumbers and electricians they may not be employed regularly. Also the earnings of panipuri and other food hawkers is highly dependent on their location.
Useless discussion, it is not government's job to provide jobs. PM Modi has clearly stated his position in favour of self employment, and you can see casual labour and self employed people increasing. Where is the problem yaar??
Then go to sleep. Leave us alone who are asking for justice.
Both British n Gujratis r vyaparis😂
Simple logic yaar. Tum Paisa dega nahi hum kharidega nahi! Ting Tong.
Phir nacho GDP GDP...😶🙄. Itne saare scams horele apun ka kya??
Apne ko bhi traning ,job chahiye.
Toich apun CAR 🚗🚗 kharidega.
Nai to nai. 22-12-2024
Salaries beyond a point need to be controlled at all levels. Today's information is too much.
As an investor, i want to invest in countries like Vietnam as i believe that they will fundamentally outperform countries like india in terms of manufacturing. Hope we get more opportunities to invest anywhere in the world. I believe that this can help people earn more and help grow incomes better.
With that said, india will outperform in sectors like Healthcare where there will be no control in inflation in such sectors.
Stock Market - a tool of capitalism, has reached such a stage that slow, steady but sustainable growth is no longer acceptable to investors. They push companies for exponential profits! This capitalist greed is the root cause of most problems in this world today.
Due to the stock market, about 10% of the global population controls 88% of the wealth, while the remaining 90% of people (a.k.a. consumers) are left struggling with inflation, unemployment, and hunger. Still, the capitalists are worried about declining fertility rates as they keep wanting to grow their wealth by squeezing every penny from the Consumers.
Informal sector is better off
Why is Modi not cutting fuel prices
Engineer logo ki to labour jaisi halat hai
Shame #union minister of labour and employment
CEO is taking big chunk leaving behind the very less salary to others