Middle Class: Need to change the conventional approach
Please correct me if the following information is wrong. On 10 January 2008 Sensex was 21000. Today it is 38736. So it’s 5.75 percent returns, which is less than the average inflation for the period. People always give examples which suit their thesis. Even this calculation is also in same league. My point is, like in life while in driving, you can not only look in rear view mirror and drive. 95 percent of time you will have to look in front and only 5 percent of the times you will have to use the rear view mirror As Warren Buffet says, ‘If only past was to the game, then librarians and historians would be the richest people.’ What has worked in past cannot be extrapolated in the future. It’s never that simple. Last 5 years middle class has been short changed. The gap in 2010 to 2013 between lower class and middle class was high and increasing. The real estate prices were increasing so fast that even middle class thought that they will be never be able to buy a flat or...