Thread by @akaasi

I paid ₹2,000 for a twin burner SS gas stove when we took a gas connection in 1987 (it included an illegal 'premium'). The actual cost of the stove was ~₹1200. I received a salary of almost the same ₹2K p.m. as an Engineer in a decent Birla company. Look at the pic below
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Today, 30y later, a similar engineer gets ~₹30K p.m. But the cost of such appliances almost remain same! (bundle at ₹5K). I calculated the value today from the CPI based inflation from here inflation.eu/inflation-rate… It works out to ₹10,355 for that ₹1,200 I spent 30y ago.
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On the same scale, the salary of ₹2,000 is equivalent to ₹17,258 today.

What does these indicate?
1. Salary of professional employees doubled in thirty years in *real terms*.
2. Cost of household appliances dropped to around 20-25% of what it was 30 years ago.
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I had to avail a PF loan for my first color TV in 1991 @ ₹17,000; bank appliance loan for the fridge @ ₹8,500 in 1998. Today, an employee of the same age group that I was, can just walk into a store and buy these using perhaps a month's salary, or even month's reserves!
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That is DEVELOPMENT!

In each sphere of activity, there are unassailable evidences to show how much has been achieved. I just used this small math to highlight the point😀

Happy Independence day, India! We have achieved a lot in these 70 years!💪
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It is also interesting to note how much could have been the non value added cost then and now. How inefficient our manufacturing processes then. How expensive was the logistics and sales margins. The middle class was feeding all these monsters. 😠

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