What Is It Like To Earn 50 LPA In India?

What is it like to earn 50 LPA in India Quora?

50 LPA is a decent pay in India and can lead to a great lifestyle if you are interested in spending full money.

However such paying jobs are having a constant threat of replacement with a low cost employee.

What is the lifestyle of a person like with an income of about 2.5 lakhs per month in India?.

Is 25 lakhs a good salary in India?

25 or 30 lacs per annum certainly makes you a millionaire. Now coming to your question, the answer is as follows: Even if you like a lavishly royal life, I think that 22-24 lacs are enough per year. So with rest of 5-6 lacs, you can go on a foreign trip every year.

Is 40 lakhs a good salary in India?

42 lakhs per annum income is very good . 42 lakhs per annum salary is bad . … A large chunk of what your salary is will be tax deductions , performance based bonus , company perks which you may not need etc.

Which job has highest salary?

List of Top 10 Highest Paying Jobs in IndiaMedical Professionals (Doctors & Surgeons)Data Scientist.Machine Learning Experts.Blockchain Developer.Full Stack Software Developer.Product Management.Management Consultant.Investment Banker.More items…•

Which job has highest salary in Kerala?

What are the highest paying jobs at Kerala?assistant executive engineer – ₹33.0lakhs per year.project manager – ₹30.0lakhs per year.associate professor – ₹27.0lakhs per year.director – ₹26.0lakhs per year.principal – ₹25.0lakhs per year.

Why is salary so low in India?

Salaries in India are lower than in developed nations, because the cost of living in India is low. That in turn is because the cost of goods & services in India is much lower than in developed nations. That in turn is because in absolute dollar terms, per capita Indian consumption is much lower than developed nations.

Is 30 lakhs a good salary in India?

Every fresher coming to search for a job mostly gets paid among 4 to 5 lakhs per annum in India except NIT and IIT grads who generally get paid 7 to 8 lakhs per annum. … But after almost 5 to 6 years of experience and with skills a person in India can get 25 lakhs to 30 lakhs per annum.

How can I earn 50 lakhs?

How Can You make Rs. 50 lakh in 5 years?1.HDFC Small Cap Fund.2.L&T Emerging Businesses Fund.Parag Parikh Long Term Equity Fund.Mirae Asset India Equity Fund.The Moderate Investor.1.Invesco India Contra Fund.Axis Focused 25 Fund.3.Principal Focused Multicap Growth Fund.More items…•

Is 50000 a good salary in India?

India is a poor country with very low per capita income. So in general, it is a very good salary. … You can fulfil all your goals in life with a starting salary of Rs. 50,000.

Is 17 lakhs a good salary in India?

This salary range of Rs. 17 LPA for seven years of experience is really much above the median level salary and is good, for someone working in IT services companies. … If you are from a decent college, then no, 17 lakh is more or less fresher or first year salary for most companies these days.

Can I retire with 5 crores in India?

5 crores mark, you would have to start saving at the age of 20 and will have to shell out Rs. 4,208 per month. The investment keeps growing as your age increases and investment term shrinks. Moreover, generating returns at 12% rate to reach the retirement corpus goal can be unrealistic.

Is 5 LPA good salary for freshers?

In general ,yes it is a good package for a fresher belonging to non-circuital branches but for CSE ,it might be just average. However apart from the monetary aspect ,the working culture and type of firm plays an important role in providing satisfaction.

Which job is highest salary in the world?

Top 10 top-paying jobsPhysician. … Orthodontist. … Dentist. … Chief executive officer. U.S. salary potential: $430,000. … Engineering manager. U.S. salary potential: $156,000. … IT systems manager. U.S. salary potential: $133,000. … Corporate lawyer. U.S. salary potential: $195,000. … Marketing manager. U.S. salary potential: $102,000.More items…•

What is middle class income in India?

As of 2016, about 121 million households in India belonged to the middle-income bracket earning a gross annual income between 7,700 and 15,400 U.S. dollars.

What salary is considered rich in India?

Notably, India’s richest 1% includes more than 13 million people and their annual pre-tax income amounts to USD 77,000 or an estimated Rs 55 lakh, according to a Bloomberg report, titled, This Is What It Takes to be in the 1% Around the World.