I have been keeping track of car prices in India. Has been more than a decade since I left India. Car prices have become 3 times (same model with some cosmetic changes). Eg. Suzuki Swift was 4 lakhs. Today it's 11 lakhs. Eg. Toyota Innova was 11 lakhs. Today it's 30 lakhs. Salaries are about the same for median engineering jobs. What the hell is going on there?
Inflation
More like 9% in India 🇮🇳
Inflation and then GST. But enthusiastic modi supporters will claim this is a surgical Strike on pollution and to encourage usage of public transportation.
Another master stroke
RSS always supports poor people. Plan is to tax rich and build nation
He ll be back again in 2024.
Ofcourse. Modi ji par poora vishwas hai!!
10 years is too much time my friend.
But car prices in US have remained almost the same. May be increased by some 20-30%. Not 300%
Over 10 year period, inflation in india >>> inflation in the US.
Op - salaries in india has also increased by 3-4x in IT. And $ to Rs has also doubled in last 10years.
Salaries are not the same in india. Top product companies are paying 70l - 1 CR for senior devs. 10 years ago, no one could imagine these salaries
Tata Nexum EV is 15L.. thats cheaper than any EV you can find in US
Entry level IT job in the US is 65k. Entry level IT job in india is 3 lacs. Do you see my point here?
Inflation is everywhere
Yeah, prices (and salaries to some extent) seem to have more or less kept up with inflation.