In India Rs 50,000 doesn't buy much


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samosa_syndrome   
Member since: Feb 05
Posts: 58
Location: Alberta

Post ID: #PID Posted on: 23-04-05 10:19:48

http://timesofindia.indiatimes.com/articleshow/1080172.cms

They say salaries are going up. So too are household expenses.
In Delhi, Rs 50,000 doesn't go too far. Saving means investing in a house.
In Mumbai, EMI for a house and education are big-ticket expenses. Little is saved.
Kolkata, still, seems a nice place to live in. Ahmedabad is becoming expensive.
In Bangalore, rent and loans eat up most of the salary. Nothing is saved.
In Chennai, surprisingly, even Rs 1 lakh is not enough.
TOI zooms in on families in some of the metros and finds out how far the seemingly-comfortable amount of Rs 50,000 can stretch.

Dilip and Indrani Samajpati lead a comfortable life with their two grown-up children in upmarket Tollygunge.
"With twin incomes, we've no financial constraints," says Dilip.
His advantage is that his wife Indrani and daughter Esha too work.
Their two-storeyed house is inherited.
Yet, his salary is exhausted with a monthly expenditure of Rs 20,000.
Though wife Indrani saves a bit, big ticket items like a camera phone for son and exercycle for daughter do them in.
They have all the modern comforts – intelligent AC, frost-free refrigerator, microwave, fuzzy-logic washing machine, flat-screen TV, computer... Though they're content with the 50K income, Dilip rues that he cannot take his family out more than once a month.





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