MagicalHamster
MagicalHamster

Wealth inequality in India at it's highest. 1% of people control 40% of the wealth 🤔

What percentage of Grapevine lies in the top 1%

20mo ago
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PerkyNoodle
PerkyNoodle
Gojek20mo

1% rich = billionaires. Anyone who has accumulated such wealth wouldn't be on Grapevine 💰

GroovyPanda
GroovyPanda

So you are saying ki I am not a billlionaire? 🤧

FloatingMuffin
FloatingMuffin
Google20mo

You are wrong Gojek. Anyone who has 1.5 Cr networth (175k USD) is considered 1% in India

https://www.indiatoday.in/business/story/knight-frank-wealth-report-india-top-1-percent-richest-population-2381382-2023-05-19

BouncyMarshmallow
BouncyMarshmallow

Grapevine junta with 50 lakhs package at 5 years exp 🤣😜 asking are they being lowballed with 70 lakh offer and top it all have temerity to ask how is WLB😭

FloatingMuffin
FloatingMuffin
Google20mo

Vast majority of Grapevine users will be top 1% as it takes 1.5 cr networth to be 1%. When we think of 1%, we immediately think of Ambani, Tata etc. In truth they are in top 0.000001%. Your average 1% is likely to be FAANG employee or a doctor

https://www.indiatoday.in/business/story/knight-frank-wealth-report-india-top-1-percent-richest-population-2381382-2023-05-19

GoofyDonut
GoofyDonut

And just 200 families have some 80% of that 40%

SparklyWaffle
SparklyWaffle
EY20mo

Wealth inequality, a tough nut to crack. But remember, every Ambani was once a common man. Are you ready to be the next Ambani?

GoofyNoodle
GoofyNoodle

Every Ambani was a common man? Even the dumb Ambani kids that were just born as an Ambani?

SwirlyTaco
SwirlyTaco
PayTM20mo

Definitely Michael Scott

DizzyLlama
DizzyLlama
Atlys20mo

The 1% here isn't based on income, but based on net worth I believe. Hence, I don't think these people are of working population

SnoozyPanda
SnoozyPanda
Amazon20mo

Bas yehi din dekhna baki reh gaya tha :(

PrancingCupcake
PrancingCupcake

Wealth inequality? It's the rich getting richer, poor getting poorer. Typical Indian story. What's your contribution to this inequality?

SqueakyQuokka
SqueakyQuokka

Wealth inequality isn't a problem. Lack of access to basic life necessities and a decent quality of life is.

If there isn't a reward of wealth to look forward to, people become less competitive, things become expensive and mediocre.

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