Friday, June 26, 2009

Indian Per Capita Income Rs.10 Lakh by 2039...

According to one study, Indian per Capita Income will touch Rs.10 Lakh mark by the end of year 2039. Right now the per Capita Income of Indians is Rs.45,000 per year only and that is only around Rs.3500 per month.

But within next 30 years, Per Capita Income of Indians will touch more than Rs.10 Lakh per year and that is around Rs.1 Lakh per month. According to study, India's per Capita Income will be more than USA and second number in the world after China by the year 2039. So Next Century is of India.

Now What does this Information mean to you?


Is it time to celebrate because Indians will be rich? Or is it time to start Hard work? Well, according to me, it is time to start hardwork and not the celebration. Becasue Rs.45,000 per annum becomes Rs.10 Lakh per year means our Per Capita Income will increase by 22 times in the next 30 years.

So it means that the Financial status & Lifestyle of those who are earning Rs.45,000 per year today and Rs.10 Lakh per year in year 2039 will be the same. So it means that if today you are earning Rs.1 Lakh per month than after 30 years, you will have to earn Rs.22 Lakh per month to maintain the same level of life style as of today.

And it means that if today you earn Rs.12 Lakh per year than after 30 years, you will need to earn almost Rs.2.5 Crore per year to maintain the same level of status and life style as of today.

It means that suppose you make 10% per annum from your Investments than today to genetrate Rs.10 Lakh per year from Investments, You need Rs.1 Crore of Corpus but after 30 years, to generate Rs.2.5 Crore per Annum, you will need Rs. 25 Crore of Corpus.

People who are in their twenties today will be in their fifties after 30 years, and they will need a Corpus of Rs.25 Crores to retire after 30 years than and only they will maintain the lifestyle of today's Rs.1 Lakh per month.

SO Economy has to advance like this. So the solution of this problem is, you own your own Business than and only you can get ahead of the economy. So I advise the youngsters to start their own Business as early as possible in their life means now...!!!

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