Everyone, at least once in their lives, has discussed with their friends, families or colleagues: what would they do if they got Rs 1 crore in their bank accounts? Most of us answered by going on a world tour or dreamt of living a luxurious life or giving our family a relaxed life. Knock! Knock! Here’s the reality check. With inflation on the rise, have you wondered what Rs 1 crore could get you in this economy?
Well an X user, Akshat Shrivastava, recently shared the same. The post sparked a debate among netizens, with some users agreeing with him.
He wrote, “What 1 Crore gets you? [1] You can’t buy a house in Mumbai, Delhi, or Gurugram (at least not a liveable one for a family) * You could look at something on the outskirts (maybe). And commute for hours. [2] You can’t send your kids abroad to study at most MBA programs abroad * barring a few countries; or if it is a public university [3] You (maybe) can’t send your kids to international schools (not kidding, in Delhi, British School the donation for class 1 kid is 95 Lakhs) Welcome to the new world. Where excess money printing & debt has destroyed your buying power.”
What 1 Crore gets you?[1] You can't buy a house in Mumbai, Delhi, Gurugram (at least not a liveable one for a family)
* You could look at something at the outskirts (maybe). And commute for hours.
[2] You can't send your kids abroad for studying at most MBA programs abroad…
— Akshat Shrivastava (@Akshat_World) April 8, 2024
Soon after he shared the post on X it went viral and several users shared their reactions.
A user wrote, “Forget a house, MBA program or school admission, @Akshat_World, the amount of 1 crore cannot even get you a Maybach or a Da Vinci painting or month-long sojourn in any Alps ski resort. Such has been the erosion of money.”
Another user wrote, “₹1 crore can give you a good life in tier 2 cities and not everyone wants their kids to go abroad for higher studies. Your mindset matters !”
“Fair point. However even the salaries are going up, People are now more aware &so investing in MFs/Stocks compared to FDs and getting more returns,” read another comment.
“In Hyderabad, you won’t find a flat in 1 cr in a society, not even in the outskirts. You have to go 40 km away from the city,” said another user.
“You don’t need to send your children abroad to study. Indian education system is good when it comes to professional courses” read a reaction.
The post has gathered 1 million views since it was shared.
What would you do if you got Rs 1 crore?
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