Why is EVERYTHING so damn expensive NOW? Understand the Real Reason
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- čas přidán 26. 08. 2024
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4 years ago, a gas cylinder used to cost - Rs. 700.
Today, the same cylinder costs Rs. 1100
The fact is, inflation is making it IMPOSSIBLE for you to save money.
Don't agree with me? Watch this video till the end to find out how you are getting poorer day-by-day.
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► I teach a 360-degree course on Stock Markets. This covers fundamentals, business and technical analysis.
This course is specifically designed for working professionals and students.
And it requires a commitment of 2-4 hours per week.
The course comes with a community access through which you can ask any doubts. And attend one live class every month.
Currently, we are offering a 15% discount.
Link to join: wisdomhatch.com/stock-market/
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Plz stop wasting ur time addressing the haters or trollers. Those who understand ur videos will keep watching come what may.
Mdm s vlog not urs 😂sir ths. it's all about economics 😅
Akshat have you joined Congress and working secretly on some political agenda?? You seem to be a very shrewd political activist to dismantle the current stability of our country ? You are working in grey area, who has politically funded you, ? Tell the truth, you nowadays sound just like another paid agent!!! Shameless
I knew this video is coming..after seeing Gabbar's tweet. 😅..forget it . We like the way u represent facts.. people don't digest the fact that people earning from CZcams by representing facts..but they don't understand ..not all r doing these things for money..keep it up❤
First of all I'm a doctor in govt body ... one can always go for givt hospital and medicines ... TOTAL knee replacement worth 4 lakh surgery completely free ... have you bothered going to community health centre...???
I completely agree with your analysis. Except India nowhere in the world you have such a high level of taxation. 33% Income tax +28% GST is exorbiant. Irrespective of whichever party is ruling, we need to take responsibility for our own finance.
There should be a meaningful audit of Government expenditure.
We need to know if these high levels of taxes are being siphoned off or are being used meaningfully.
We all need to be able to save some money for a rainy day or even for retirement.
Those high taxes preserved our economy from crashing.
We have one of the lowest inflation rate of around 6%.
@@blackbrute2504 Joking right?
US and some of the European nations have much higher taxes but somewhere they provide better social care in terms of good free education etc. The problem with us is that the tax paying population in our country very less.
@@VK_2002 he is right and wrong. US and Canada & European nations inflation sky rocketed. but you have to look at things overall.
Cooking oil was 80rs / litre now 170rs
LPG gas Was 400rs now 1150
Tax was just 12% Now 18% is minimum on all things + essential items also taxed.
Airports being sold to 1 person
Everything has become expensive
All the money is going in the pockets of 2 Corporate houses.
Inflation is real deal and government have to take necessary steps to ease the tension other wise it swallow us middle class people whole
Airport sold 😂😂😂😂 pappu logic
I think Indians should understand that INDIA's cost of living is way way way cheaper than other nations, even cheaper than Sri Lanka and Pakistan's now. BUT, cost of living keeps growing anyway due to inflation, global politics, wars etc.
A Priya pickle bottle in INDIA is 100 rupees and in US same is sold for 1800 rupees. Rice, Vegetables, Oil everything is 1000 times expensive in nations like US, UK ,Singapore. In-fact INDIA's cost of living is better than Srilanka and Pakisthan.
@@hiteshbehera5229 Govt has handled it properly that's why we are still enjoying comfortable life in INDIA, go out of INDIA to any so-called developed nations and I guarantee you will be frustrated due to expenses. Everything will be 1000 times costlier than INDIA. Even in pakisthan and srilanka you will feel the heat of inflation. INDIA is in much much better position.
You may not have noticed inflation in years past, But 8%+ inflation over the past year should've taught you that the cost of living increases every year (home prices, rent, groceries, plane tickets, home repairs, etc.) Only way to beat inflation is by investing your money
People are working and there is little or nothing to show for it. everybody is basically working to sort out one bill or the other. no savings.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@lucianoboccedi How can i get started when it comes to investing and passive income?
@@selenajack2036 My advisor is Eleanor Annette Eckhaus I found her in a business magazine where she was featured and reached out to her afterwards. You can look her up online if you care supervision, just search her name
There is high inflation in every nation in the world today, due to the Ukraine war and US dollar printing. India is doing ok is this tamasha.
Easy to understand and enlightening about today's economic reality. We want part 2 soon!
Your study on the impact of inflation on the middle class is outstanding, and I applaud your efforts. We need more individuals like you in the Indian government who understand the struggles of ordinary citizens and can formulate practical solutions that benefit them in reality, not just on paper. Keep up the excellent work!
Very enlightening presentation keep it up
Focus more on Liquidity rather than Inflation.Inflation can be easily brought down with raising Interest rates,any School child knows it but Liquidity ain't like that.Higher Liquidity & lower Inflation determines the Standard of Living.............
Andh m 0 min ignore the fact india has one of lowest inflation rate and less prone to recession among the trillion dollar economies lol 😂 get a life
I totally agree with you Askhat. I live in Ahmedabad, and the situation you have presented in your budget exercise, is absolutely true in my case also. Nowdays, savings possibility is close to zero. People who say that everything is fine and there is no inflation, are simple andhbhakts and live in their own ignorant bliss.
We don't have the worst inflation. The reportage on it is mostly hyperbole
are bhai yr khud socho jinko 5kg ration milra ho unka kya pta tax kya hota or andhbhakt to har party me hain pr BJP or congress wale ultra legend hain inko Rabies jaise haal hone chahiye tb pta chalega
There is inflation. But this is the least possible inflation, the govt can give you. World over, there is more inflation than India. And America also exports inflation by printing dollars.
Kya bhai, Ahmedabad koi bhi Banda decent life ji sakta hai 25k ke andar, akela ho to obviously 10k me hojayega. 12-13k me a6a home mil jata hai par agar tum satellite or sg highway me hi rahoge to fir cost of living ka roneka matlab nhi. Mene 4 saal Ahmedabad padha hai and me abhi 10-12k me Rajkot me pura monthly expenses nikalata hu only earning member hu gharme for bhi aur meri salary use 6x hai so esa bhi nhi kamate nhi isiliye but agar needs and wants ka farak samje to hojaya hai.
Because you complain on price of Milk
But Not Mcdonald or when Hotelling
I find every table being billed at 12000 to 20000 on a weekend in mid end party booze joints
No body even checks the Bill
Akshat….. Firstly I am typing this comment by pushing this video midway 😅… You are too awesome in explaining economics and I hope I too become a better teacher of explaining complex concepts if not the best teacher…. Kudos to your research and style of explaining…… May the negative energies that come over to you be overpowered by the love that comes to you 😍
100% Support to Akshat, everything you have shared makes sense and is data backed and common people on ground with low income need to understand these critical things are impacting their day to day spending power, educating India with these insights is huge value! ❤
He is earning 1 crore per year...... He has nothing to do with inflation... 😂
Price rise last few years are crazy. We have a habit of buying groceries for once in 2 months(Excluding milk and veggies), by end of 2019, total cost for groceries for 2 month was around 9k, now it is close to 16k😢, this was last month. Medicine prices are also up crazy.
That's why our Government at the centre don't want to face the opposition in the Parliament, and still win elections on other issues which they r managing well
That's not possible, i have many general stores running.... Major rise was only in oil products due to war and covid.... Now it is only flour which has gone up rest are same price as 2018 ....
Akshat is a congressi leftist....
He didn't utter a word about all these thing he talked about are Directly linked to world markets....
For medicines, stick to jan aushadhi stores.
That's ache din for you Mitron.....
@@raviei426 is it really reliable do they really do quality checks of the generic medicines
U r awesome❤. There is no single person in this world that has no haters, Including god. Ur teachings are a blessing to us. Please carry on with full power.
This guy literally talked people into investing into Vauld. He earned sponsorship money , common PPL still have no clarity .
@@kushagrapandey4692 boss that's true...but at that point Vauld seemed good option for crypto investing..what happened with crypto world was unthinkable...just like we can't imagine what wud happen to Adani if there was fair investigation into all his scams n his political backings😂
@@kushagrapandey4692 agreed, but brother no one knew that Vauld would go under like this. It was a very stable company with an unusually high exposure to risky crypto. Kal ko HDFC me bhi bank run ho sakta hai. So asset allocation is very important.
Also sponsorship pays money I agree, but some of the sponsorships promotions have actually helped a lot of people eg Smallcase, IND money etc
@@kushagrapandey4692 he is helping us by providing information. he is not giving financial advice man.for that u have to pay someone and get it. Just dyor and do what you want in life. Complaining never get u anywhere.
@@higheryibes4430 dude, he was paid by Vauld ! Don't you think that will bring a bais while giving "information" to the masses , anyways it depends on the recipient how he uses that info
A very important point that you have not addressed correctly is that infrastructure projects also create jobs. The roads that gadkari has made have created accessibility and oppurtunity in many remote areas. While the wealth of middle class may not increase but I rapidly see many children of poor strata entering the middle class.
dont care about blind and deaf ppl..u r doing a great job in explaining things like these..and macro complex economics!! go on..
Excellent analysis in making a common man who doesn’t even understand the word of inflation to know about his situation in coming years hats off to you akshat
These are not political issues, these are practical issues with the majority of Indians. Thank you Akshat for creating another valuable content 👏. I genuinely like your videos and can relate to everything mentioned.
Very well said... These are not political but instead practical issues
With everything going on right now, we'll have regrets for things we did not participate in...Investment should always be on any creative man's heart for success in life.
I agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.
Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency, I've been trading since the dip, I've made so much profit trading.
I am interested to know more and invest in Crypto please
trading is easier with proper guidance, especially from a professional, Newbies who are not aware of how crypto truly works and wish to make profits from it, I would advise to invest with a professional like Fergus waylen, It helps secure and minimize the possibilities of losses.
I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last week in CNBC world news
Akshat , I have to say this, you have summarised a topic so dense and complex which I took 5 years to understand in a 20mins video. Keep up the good work and please continue educating the public ! More power to you❤
I completely agree with you, I am observing higher taxes as a taxpayer. Around 2014-15 I used to pay income tax around my one month of salary, now it is around 2 months salary after using all the possible tax saving options except home loan benefit.
Well you would pay less in new tax regime from this fy
@@shobithspillai6776 No, this is not so. It is lossier to switch to new tax regime as it does not allow to avail of various tax saving investments.
@@NemiIITno..it is not true
My salary is 14 lakh and I will pay 1.25 lakh in taxes in new tax regiem which is my one month salary
@@Deathwish_99 Are you a govt employee?
@@NemiIIT not govt but PSU.
I only wish more power to you Akshat......
wish more power to you man, akshat does not want power, he want you to have power.
The middle class is getting squeezed badly, which is the real back bone of our economy..
You said it right multiple income source is the only way to beat inflation.
Thanks for raising the issue, however I wish to point out that the HARDEST hit are retired people not affiliated to the government. Their modest savings are dropping at an alarming rate. Thes are not going to be replenished each month. They have given their yesterdays to the country and all the public can say is thank you and goodbye to them. Public servants are shielded from these hardships to a greater extent.
Don't worry, with the wiping out pensions, the public servants are also joining the party.
I was actually giving a thought to this topic a couple of days ago. I mean the data says the inflation is around 6-7%, but when you carefully look around and see the rising cost of basic necessities like Gas, pulses, dairy products etc, you'll see prices of these things go up by around 10-12% every year. And now you explain all of this in this fantastic video. Thanks a ton!
Completely wrong.....
You can compare 2018 pulses to 2023 pulses change would be less then 20% ....
Even for milk
Gas prices are based on global markets which then is heavily taxed ... So still it is not rising 20% every year...if you ignore after war prices....
@@Nitish.Singhal what was price of 1 ltr amul milk in 2018?
10% every year? Not really. CPI captures overall price data accuratley. Compare your budget from 2018 to 2019 you'll see CPI got the numbers right.
This vdo is one of the best things on the internet this year.
Everyone needs to understand this dynamic and I can not thank you enough for putting these essential knowledge out for free.
I've been following your channel (and few other from similar genre) for past few weeks, but undoubtedly, you have a bigger vision and purpose than just to sell courses. Whatever happens to the economy and your personal life, please try not to lose your originality and outlook ❤
QQ
O
Its not free, cost of your time. Ans yes this is best video
You keep educating people,vested interests will troll you ,try to paint a negative picture ,but there are many people who understand your view points and agree with you totally
ZAKAT is a solution for this. Because unlike wealth tax which goes to the government, zakat is given by the person directly to the poor or needy person so that the poor / needy family can overcome the poverty by studying or starting a small business. Also people should be having a mindset of live and let live. Nowadays the so called financially free people became very greedy and lazy, which makes them to squeeze the money from the working class. People charge rents so crazy that they forget that the tenant also has a family to feed.
People to government be like - reduce taxes mehengai h bohot and when Akshat sir explains how has inflation affected people , the same set of people be like - akshat is now a political person cause whatever they earn is enough for them 🙃
He is political person he worked for government from 2010-2014 . Even helped in election management it's in his LinkedIn. He is congressi .
@@worldgeography2229 😂
@@worldgeography2229 please,Get out of this Party mindset..
Govt is not doing due work which is expected but anyways currently, Opposition parties are fragmented and are not worthy hence ,BJP will win 2024.
But,If BJP won't improve them they will also meet Congress fate..
@@VivekKumar-yy8ie just a educated person speaking facts🙏🙌 if the party does learn from its mistakes it's going in vain
@@sanjay_sanju06 give this guy finance ministry he will make things worse.
The current situation for the middle-class in India is unfortunate. Despite paying taxes ranging from 5% to 49%, they are still deprived of basic facilities.
The tax-to-reward ratio is highly unfavorable and the government seems to increase it at every opportunity.
Such circumstances have left some individuals considering the prospect of moving to Dubai in order to save on taxes.
A video with finer details of what to expect in the years to follow. Also, a lot of what is said in the video is well substantiated.
Delhi people are lucky as their government is giving free Electricity, Education, health & transportation etc..Bravo AAP party
😂😂😂😂😂😂
Great video Akshat, do continue to educate us and we certainly need your help to get a way out of these situation.
my uncles are puting a status where they say there is no Mehangai but your expenses has been increased
Your uncle may be a huge fan of nirmala sitharaman😂😂😂
Hello brother. I am from a business family, who are always in these economics. But your data just caught my mind and heart. Keep posting bro. Good luck
Knowledge 0% but confidence 100%😂
very transparent video on the current economics condition, thank you sir 👏👏👏
Only one thing, this pill is hard to take. You have made this point multiple times, but the reality is nothing will change for normal middle class. Please make part 2 of the video
Electricity, education,health, real estate prices most of them controlled by State governments ..states utterly failed central doing great job to curb inflation
Can you please explain the table showing "inequal distribution of wealth" in more detail
Coming from West UP. In the last 3 years only 8 percent increased from 325 to 350.. now imagine the pain of farmers.. it's been a very bad phase for farmers from the past 5 years.
who cares west up jaats have lots if money ,farmer agriculture land is at price of gold , most of them have luxurious cars
@@rdx706 exactly, these big farmers should be taxed, they get away with so much income
Please keep telling the truth. People on social media are absolutely stupid. Rest of us middle class folks who are working hard absolutely agree with this rise in inflation. Prices are crazy right now.
All the tax money had gone to Modani !!!
Everyone says inflation is high but still I'm unable to understand following things:
1) All good cars have waiting period of 4-8 months
2) All restaurants are full
3) All tourists destinations are crowded
4) All hotels are fully booked in advance
Great! It need courage to talk like this and glad that you have it. You are an honest person. This video will help many people about inflation and finance.thank you.
Finally a video which reflected my thoughts on the present world economy. 10k entry level salary in 2010 vs 10k entry level in 2020 it's so different spending in 2020s is more but entry level salary increase is almost the same since 2010. It's not sustainable especially for those who just completed college and started joining the workforce.
I think you have spoken thoughts of millions of people in India. I actually feel the cost is increasing from last 12 months, in fact I always says this to my friends. Real example I am shifting by this month end to another flat and rent I am paying currently is 15k and now from next month onwards I need to pay 21k and my salary is same there is no change in salary. Ban on saving as well, the % of saving is decreasing year on year due to inflation, I used to save almost 40% now it came down to 15%.
Focus more on Liquidity rather than Inflation.Inflation can be easily brought down with raising Interest rates,any School child knows it but Liquidity ain't like that.Higher Liquidity & lower Inflation determines the Standard of Living.............
Very well explained. Please make second part 🙌 Constructive criticism is important 💯
Finally someone spoke something logical. Appreciate your efforts.❤
In this job crunched times, maintaining a single source of income is challenging. So looking for multiple sources is extremely difficult.
Ignore the blind bullies on the internet who are everywhere these days, we're with you for speaking the truth!
Thank you Akshat for keeping us updated and in check with everything happening all around us. You are making excellent content for all of us. Keep it up and thank you ❤️
Dear Akshat, you are one unbiased youtuber who explains us things with facts..Don't bother of those mor%$#^ons who bark at you for exposing the wrong doings of the government..We are here with you..
Akshat is one of the very few who says it like it is!
Keep crying
@@blazingguyop another barking dog spotted😂🤣
@@blazingguyop Stay unemployed
@@SohamNadiya7 don't cry bro Here take this☕
Way fwd is look at your expenses and what can help reduce that ! Look at alternate sources of income which can beat inflation . Instead of using car everyday try using public transport / solar power for powering off grid / on grid .
If costs are very high look at the footfalls to high end restaurants abd luxury spends .
Phenomenal analysis. Bravo!! I wish you were my teacher for economics when I was in school. Also what is your opinion on lack of financial education in schools?
Completely agree with you, in city like Mumbai Bangalore it's difficult to survive if your income is less
Thanks for comment
What’sap me with the number showing above for guidance on investment plan startups
Thanks Akshat.. you are really doing a great job by educating common people like me .. the content is really eye opening and it's important for us to take action on how to become wiser with finances.. Thankyou for the hard work you put in every day to educate us. ❤🙏🙏🙏❤
To understand inflation you only need to look at price of electronics and automotives. The taxation is most visible here. I bought a suzuki access scooty for 75k (all peripherals incl) back in 2018. Same scooty costs 1.5L now. Cars which used to cost 10-12 lakhs are now more than 20 lakhs. A mid level PC build which can support mining or video processing cost me upwards of 1L but in US you can get the same build for around 70k - 80k INR
Nailed it bro. I was thinking about it for a long time and you summarized it beautifully.
You know he is risking his very comfortable lifestyle to get the truth across to you, he could have just followed in the footsteps of so many other creators/influencers and be a bootlicker. please support him in all ways possible.
Opening up eyes and knowledge of common people is a big thing to do.
Thanks for continuously doing it.
Always in support of you and your work.
Do make a video on homeschooling 😀😀👍🏽✌🏽🤘🏼
Hey Akshat, you r doing a great job by educating people on economy, I personally love your videos, they are more rational and makes alot of sense than today's so called media, keep up the good work!!
Extraordinary explanation sir. Thank you so much. Economics is such a beautiful subject, helps to reveal truth and gives us the clear understanding of the real time economic situation.
If I would have invested in gas cylinder in 2019, I would have made more than fixed deposits...
Bruh
God knows how a common man can live in this country .
What are some Inflation proof assets ?
End of the day, u too are conviniently using numbers to beat ur inflation.
Numbers can be played around and projected whicheve way one wants.
Never in modern history neven been a society, where these inflation, cost, etc are ideal to everyones liking.
may be top 10% is just who file ITR or salaried, but many are in unorganised and businesses thus they save lot of taxes and not in data, i am surrounded of many people who earn alot but being in cash based business they never file ITR or just file 0 ITR for loan purpose..
Yeah
Salaried people.are. born to pay taxes..
In tier 2 and tier 3 cities a lot of MSMEs hide a lot of tax.
Yes bro you are correct... small businessman easily make 20-30 lakh per year without taxes
@@pradhyumansinghmandloi8240 one thing.. these small companies giv employment to many ppl.. which government can not ... lastly everyone pay indirect taxes. the fuel purchased has a 100% + of the taxes and these days.. for products like milk basic necessity attracts GST... so its a mith tht ppl aren't paying taxes
THANK YOU SO MUCH SIR. WE APPRECIATE YOUR ACCURATE AND HARD HITTING TALK ON HOW INFLATION CORRODES YOUR MONEY.
Totally nailed it.
Last week I was travelling and stopped at a roadside restaurant (Haveli) for breakfast. The pricelist of just one Parantha with curd was 295+taxes. Tea is 39+taxes. That is simply nonsense for a family of 4. Similar is happening with house help. My domestic help is now asking 2500 in place of 2000 for one job and the cloth ironing rate increased from 5 rupees to 7.5 rupees per cloth. Now you can calculate the % increase. This is the actual inflation, not the 6-7% figure shared by the government each quarter.
I somewhere agree with you, me and my wife used to earn 18 lakhs PA back in 2019 and we were able to save substantial amount.
Now in 2023, we are earning 46 lakhs PA, however the jump in savings per month is not that great. Cost of things have really inflated crazily, we pay income tax, we pay GST, we pay EMIs, rents, toll tax blah blah blah, what we get in return??
Babaji ka thullu!!! 😂😂😂😂😂
Is it market inflation or lifestyle inflation in your case ?
In your case thats lifestyle inflation
Covid k time salary kaafi badhi hai.
Tysm for this video... Always loved your work... And yes, we want second part of this video...
In Bangalore inflation is 20% , be it real estate, food ,medical, luxury or groceries expenses.
dont blabber things
Can i survive in bangalore with 25k INR per month? 😅
@@legendamongus6002 yes you can.. many people "surviving" with less...only thing is you need to find a cheap accomodation and forego luxuries like air cooler,dining out and excursions
@@vickylightspeed2750 ok thanks bro🥺. I rarely go out, bcz im an introvert. So i think that can help me saving money.
You are amazing, I have not seen any other financial expert on CZcams talking about poor people
Because we have to reach 5 Trillion economy by creating Inflation ...
Keep it up.. Your are educating us very valuable lesson which is changing the way we thinks and going to help us in every financial decisions we are going to make.
By the way I started calling my self minimalist 😂 and cut down I alot of extra expenses which is not adding value in my life.
It’s really good that you are highlighting this type of agenda
LPG rate in January 2014 is Rs 1241
& February 2014 is Rs 1134
Therefore rates are same after 9 years while Congress regime charges whatever charges in current year
Income - Rs. 100,000
House Rent - 10-15k (In a decent locality)
Monthly Grocery - 10-15k
2 Kids School fee - 10-15 k (Depend on school)
Utilities - say 10k (but this is not a necessity, so it can be saved)
Transport - 5-10k (depending on you, meaning you can save it by taking public transportation instead of cabs)
Misc - 5-10k
Tac - 20 k
If you are not able to save any money, it simply means you are not saving enough on things where money can be saved
That is the exact point of this video bro, stop blaming our habits and what we spent on.
Let's say, this is your current spending, 15k for house, 10k for groceries, 2 kids 15k, utilities 10k, transport 5k, Misc 10k => Total of 65k, you have 35K left for savings.
After 10 years, you are most likely to find out that your wage went up from 1L to 1.5L, and the expenditure went from 65K to 150K (Actually, let's look back to 10 yrs ago, when petrol costs 50rs, cylinder costs 450, and rent was in under 10k) you could have lived a good life with 50K salary, assuming that salary is now 1Lakh (which is certainly a very big assumption, it will most likely be around 75k or less), would you be able to lead the same lifestyle as before? the answer is NO. you can say that you could still reduce the expenses, use bus instead of a car etc. and you could. BUT THAT MEANS YOU NO LONGER ARE ABLE TO AFFORD TO USE A CAR, AND YOU ARE POORER THAN THE YOU!) YRS ago, which is the whole point of the video.
top notch stuff! only andhbhakts (of both varieties) won't get this looting spree by the gov.! please do make part 2 explaining the ways to beat inflation and equip ourselves for the worst (as if it is'nt already)!
Calling someone Andhbhakt won't make you smart .
It is true that inflation rate is high than govts data but we have to compare it with other countries where inflation is sky rocketing .
About ppl savings gets reduced , I think it is due to ppl spending more (like me) , changing phones regularly,buying gadgets, shopping heavily online etc accompanied by easy transaction modes, more credit cards usage in recent years.
About corporate tax rate, I just checked the data and in the past decade it was always between 33-35% and around 2019-20 it came down to 25-30% due to which companies are growing and creating jobs TCS , infosys etc and it also making foreign companies to open their manufacturing unit in India .
If govt. doesn't do that you will blame govt for not providing good environment to corporate to let them grow.
Before 2014 everything was in line with the Utopian constitution.
@@maxpayne1670 😂aagya
@@akshaykotian7170 Why would government increase the tax base? If they increase tax base on Parchun shop owners, rediwala and rich farmers, they won't get votes. Government wants votes, not tax money. So easy way is to say keep giving money on name of "Pakistan". Godi media shows how US petrol prices also hiked. But now, prices have come down to normal in US. $3.3 for 3.78 L of petrol which is less than 75 INR. But godi media won't tell you that.
Whether Congress, BJP or AAP, all are dacoits.
India Imports most of its stuff
Global Conditions affect our economy as well
Government is pretty much helpless in certain issues
Giving Free subsidies is no good for country
Good analysis sir. Thanks for all informative videos.
I'm too much frustrated with economy.
I'm 26 and married for past 1 year. We both work but we still cannot afford to have our first house(flat) because of high prices. I'm sure that there will be lot of other people like me who have just started their journey and got married. The thing is if you cannot afford a house how can you move forward? i'm talking about family planning and other stuff. We pay high taxes around 1.2 lakh combined I guess per year. Even if we take a loan the tax benefit is capped to 1.5 lakh per year. In city like Pune simple 2 BHK flat's EMI will be around 50k/month these days.
Savings are hard these days.
19:20
saving .. difficult
middle class .. non existent
inflation .. above increment
debt .. bad debt increase on mod class
still people will politicize these topics, every middle class people are suffering nowadays, ultra rich people are getting richer by paying almost 0 personal taxes even get huge amount of corporate tax deduction but the bottom 40% people who's earning are less than 50k are surviving badly, they dont have any savings, a completely brainwashed people who thought everything is fine, and there's no such things called inflation, and the unemployed youths are busy to do political rallies. Hope people will understand these things soon, atleast we were better before 2014, may be the growth rate was slow but people can live a happy and stressfree life with their salaries and bare minimum incomes
Gabbar will say if it's really hurting ur pocket just feed ur family only 2 times. Can't help such people😅😅
Excellent presentation and efforts. I know we are currently in economic mess.
Majority of we indians are financial illiterate but extremely high on political leaning
Specially Indian middle class is highly gullible, suffering most in this economic mess
I am sure you will definitely be trolled by illiterate people for this eye opener video
Kudos 🎉
taxi fare which was once 30 rupees became 100 within 2 years
Please also make video on rising Rents in metros like bangalore.. Skyrocketing for short term demand
Well my friends who are working in UK were getting yearly loan to pay their electricity bill during last November similarly in Nordic region use to get loans from company
Thank you so much for joining dots and drawing us a bigger picture. U r the best economics teacher on CZcams. More power to you!
Phenomenal video !! 💫
I lived in Poland and here is also the same story. The average rent in Warsaw during 2018 was PLN1050 (Rs. 21,000) now in 2023 it increases to PLN 1,750 (Rs. 34,000) it is not about India every part of the world increases the price of goods and services. But in India prices is not so high compare to EU countries.
but you do make a lot of money there , the salary is very good right
How much Defensive people are, even while stating Facts. Forget about whether we are getting richer or poorer, i wonder how much comfortable we are while sharing our viewpoints today. Swarag mele na mele, parantu Swaar to milna chaheye.
Humanity is highest religion you have learned best Akshat ....Your voice is true emotions .... supported by inner feelings
you have presented a much needful thoughts to middle class. A real truth is there in your speech. I really appreciate you sir.
It was very realistic number and bullet point you have highlighted. Thank you so much for creating such economic awareness ❤️ 🙌
Really good and realistic advise at this crucial time. I admire your sincere efforts to educate more and more people that too without bias. Please carry in your journey like this. People like us will learn and try to cop up with the situation. But this is hard time and difficult task for people in MIDDLE CLASS.
Cooking home gas cylinder used to cost Rs. 400-450 in 2014 butvit costs now Rs. 1100-1200. That's called "Ache Din"...Cooking oil, dal/pulses etc have doubled in cost in last 3 years...Exorbitant amount of Taxes being extracted everywhere..
Just saw your video, I don’t know what people like to criticise you and after watching the whole video, you actually opened our minds as to how we have to handle the present problem. And please keep up the good work 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻
Very well explained Akshat. So unfortunate what is happening. We middle class are screwed already. Problem is that middle class is not United in any issue concerning them. Poor they unite and political parties have to listen. Rich they fund them so parties they have to listen. So middle class remains the milking cow. And Akshat, like u said invest in different sources. But uske liye capital and savings chahiye. Jab middle-class person save hi nahi kar pa raha hai to kya invest karega. Ur courses are sure the best in the class and many would have benefitted also. But uske liye savings hi nahi ho payega to koi kya benefit le payega us knowledge ka. But keep doing this good work. Ur channel is to some extent is a much needed social service.
I dont want to be in that 10% who can't save money anymore with this uncertain IT job market. Please make a part-2 of this video. Thanks for all the work you do! Really appreciate it.
Privatizing the profit, socializing the loss 😇😇
अंधभक्तो अंधश्रद्धालुओ अंधविश्वासियो के समाज मे ऐसा आराम से किया जा सकता है क्योकि वे गरीबी मंहगाई बेरोजगारी भ्रष्टाचार को अपना दुर्भाग्य और पूर्व जन्म के पाप समझते है
आप सही bolre,महंगाई तो बढ़ती ही रहेगी🤔🤔🤔,इन्वेस्टिंग जरूरी है😁😁💪💪🙏🙏🙏