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I'll also leave india if I get a chance. Toxic working environment, stressful quality of life, poor urban planning, overpopulation are many reasons why Indians will continue to move abroad.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Investing is 5% intellect? have you ever heard of a successful investor who is not extremely intelligent? investing is hard work? how hard can it be to think of something very interesting? and what is temperament without intellect?
Bro those who have money can move on no one is stopping you😂😂😂 but tax will be there weather you like it or not!! Lots of people do get benefit from it so u can...... F urself
I will also shift to abroad as paying such taxes to govts at all level is giving me nothing but pollution, unsecured environment, garbage etc. My future kids will also get nothing by paying taxes rather they will be discriminated because they will belong to general category. In abroad worst thing will be racism, but hey am I not facing in India caste wise?? But I will get more money, better usage of taxes, security and other stuffs.
@@Nitish.Singhal Bhai Indian sanskar hi dunga unhai, nahi hoga Aisa kuch. Honai ko to India mai bhi ho hi raha hai. But jaban deta hu, agar aisa harkat kiya unhonai to ghar sai nikal dunga.
I have been staying in North America for the past 4 years and I had exactly the same reasons that you have mentioned for leaving India. Trust me I was wrong. Now all I think about is coming back to India due to extreme expenses due to inflation here, seeing uncultured kids, easy drugs access, terrible education, terrible healthcare, gun violence and much more. Would definitely recommend you to think 100 times before moving out of India. If we think that there are corrupt politicians only in India then we are extremely wrong. There is way worse corruption here but the only reason we don’t see it, is because these countries are good at marketing themselves. Remember, grass is always greener on the other side.
Makes sense. But, the same shit will come up in abroad in different forms. Just that the shits in India look more poor and are at inflection point, and are more popular. I have lived in USA and I have seen pros and cons of both the places. Immigrants people in USA gain a pride of moving abroad eventually but they spend a highly depressive and lonely lives. Like sense of non belongingness stays and eventually one gets used to loneliness out of comfort zone.
it’s not just taxes, or jobs but to live in law abiding, well disciplined citizens, traffic, better environment, less corrupt bureaucrats & politicians and many more reasons
Totally agreed sir it right now the law and order which is corrupt...we talk about Pakistan but our judicial system is as bad as Pakistan and judges are also very corrupt..i have an experience
exactly. people want to live in a civilised country. yaha to jungli rehte hain yaar. neta wo banta hai jo rape kare. bina rape ke neta nahi banne dete. aisa lagta hai jaise logo ki demand hai.
20-30% is income tax rest is Indirect tax on each item we purchase or service we use These.are.not taxes but government's OPEN-LOOT Bina facilities ke itna tax to kisi bhi Developed countries tak mein nhi lagta hai Even savings are TAXED to make politicians RICH & public POOR.
@@vickyAlways lol you are dumb lad. I am working as a Tax Consultant for last 20 years. seen chutiyas like you all along. Taxing your Income generated from savings is not same as Taxing your savings. So you basically mean you can have thousands of crores but the money you earn from that shouldn't be taxed? also when you speak about Interest, in case of super senior citizens, income upto 5L is always exempt and Interest upto Rs 50,000 is allowed as deduction in addition to the already available limit. even parts your medical expenses is allowed as deduction.
@@omkarbhanage6466 but there taxes are utilised, citizens are provided free healthcare n free education n social security n retirement benefits unlike india
Excessive taxation on salaried class without any government benefits is driving high salaried individuals away, this is increasing in real terms every year. The same goes for startups that I know of.
What you are saying is meaningless because you are saying govt is excessively taxing govt emoloyees and do they are leaving the country. My dear fellow, govt employees cannot leave the country as they are bound to their jobs😄
Please do not jump to conclusions by looking at those Biased Reports and biased videos like these. It is clear that Akshat is happy making more money by getting sponsorships and speaking for them.
@@oneangle I am not for or against any political party. I know of many in family and friends circles, who pay more tax than what most freshers earn as CTC. They get absolutely no benefit in return. No waivers, no subsidies. It is asymmetrical when compared to Business class and Low income class. The upper middle class (below rich and super rich) are the more financially harassed demographics- they have very little say electorally, socially, in terms of security & absolutely disrespected. They are made to hate themselves for reaching those levels after all the hard work and sacrifice in life. All political parties alike, want "number of votes" and so prioritize the lower middle income, rural, poor, farmers (non salaried class) and the Industrialists and Businessmen (again non salaried class). Salaried class, particularly those making above average are at a disadvantage remaining within India. In the next few decades (as it was in past 2 decades), they will pay Trillions of Dollars in Direct Personal Taxes (other than Taxes like GST on alost everything), which will subsidize the minorities (by religion, caste), freebies to lazy socialists, farmers, waive loans off the rich industrialists. In return they will get 000 from the successive Govts.
Majority of the Indians are leaving for UAE, which doesn't give citizenship, they are going there for few years where they will flip their money as earned in UAE, come back to India file ITR as NRI and bring back the money to India. It's just tedious way of saving tax
Worth it if you are a HNI, one of my friend owns a solar power company with projects in Canada and Africa. He has moved to Dubai. He can save all the profits from abroad in uae tax free. When he retires he can park some wealth in Canada where he has PR and some in Dubai and bring money which he needs back to India .
Not only rich, other wise also Indians are leaving as and when they get an opportunity. I am not rich, but I migrated because I was not happy with the way things were going in India. And after my last visit to India which was last year I am all the more happy with my decision to move out. I was a great believer in the current regime, however after living through almost 7 years under the current regime I realized things were not going to change for better, as all the political parties are the same. India will never be able to get rid of corruption, lawlessness, chaos, pollution, encroachments, slums, fanaticism (try voicing your concern against even a corporator in your area and see the results), utter disregard to others safety and well-being etc. I will be glad to be proved wrong some day.
Please explain what you mean by 'Chaos'. Im from the US and Indian news channels ALWAYS talk about US gun violence. But Indians wont stop coming to the US.
@@logician3641 I am an Australian citizen now and I use the word chaos to describe the overall situation in the country where corruption, lawlessness, pollution, lack of traffic sense, no regard for the well being of others, encroachments on public and private properties, slums is a daily routine.
I've been a fan of Amazon for years and the fact that they're supporting TA24EFF only adds to their credibility. This is definitely a coin worth watching.
Most shocking thing for me in this video was 70% - 100% tax on imported cars. That's huge, more respect for people who bought imported cars in India. They are really rich for sure. 😁
After working years abroad my friend setted down in India when he was hired as a manager of the India operations of a German company. But the corruption and the lack of human respect/dignity in comparison to the west made him decide to emigrate to Canada. His emigration was not due to financial reasons. When he had finished living in Canada for 5+ years, I asked him whether he anytime regretted leaving India. He said not a bit, not even once. Moving to Canada was the best decision of my life, for myself and my family, said he.
@@iotasymbol8498 LOL, you seem like you are in every positive comment spreading hate, what happened with you???? Did your visa got rejected because your education and English is poor???? Lol poor thing, don't get jealous.
Not only rich Indian ..coming years you can see lot of young students leaving india to settle aboard ..as of now 10:3 leaving ...because of salary structure ...inflation nd taxes
Citizens of rich countries are also mobilizing their governments to reduce immigration. Only minority vote purchasing immigration may survive. Don't count on immigration to save Indian middle class. We should clean our own toilets.
TA24EFF has a lot of potential for use in international transactions. Its fast transaction speed and low fees make it a great option for those who need to send money across borders.
My entire family lives outside India. The only reason I came to India is for education. My parents wanted me to learn to survive in highly competitive environment. It was hard but I managed to do it and will be going back once I finish my studies. Better infrastructure and better environment. And someone mentioned pollution in the comments, its so severe that people living here dont even understand. The first thing i notice after stepping out of the flight is the poor air quality (of New Delhi). If you want to setup a buisness then stay in India, there is ALOT of growth awaiting in almost all industries, that would require some connections. But if you want just a good job and live a peaceful life then try to move out of India.
@@95yashsheel as long as you speak the language with fluency you shouldn't have trouble mixing with foreigners. Social Life is great, we form a group of families and then go on BBQ picnic every weekend in different parks, this depends on YOUR social skills. The only reason some are treated badly is because someone forgot to teach them the cultural ethics. Since you are not in your own country you have to adjust to a lot of things that you consider normal. I haven't encountered any bad treatment.
Agree, Want to leave India 🇮🇳 as early as possible... No future for us and our children as a General Category and HNI.. Govt dono hatao se hame loot rahi hai .. Bhai for sake of our and children we have to move to other place because no political party have dare to stop discrimination on basis of cast and freebies on our hard earned money taxes..
Love you for the statement "Whatever taxes I am filing, it should benefit the people of country" But this is myth Political parties are making assets from your filed taxes and becoming the richest party of the world. Be selfish❤
Great video. Have been thinking about moving out too. End up paying so much for property here and still can’t live in peace due to excessive noise and air pollution
@@vijaybhaskar1413 aare Bhai.. it is not exactly his taxes and her salary... But any government worker gets salary and perks from our direct and indirect taxes ...
Not just taxes, cost of living, standard of living, quality of life, investment opportunities, ease of doing business, family priorities etc, to name a few.
@@shivansh709Bad Indian infrastructure, bad attitude of people, crimes, bad judiciary, bad police, bad Administration, open gutters, garbage, riots protests, scams, illegal occupation, disorderly construction, poverty, beggars, slums, dust, pollution , bad drinking water, women safety, smell from everywhere , loud and noisy tourists and when you stop them , they fight. delayed projects, aggressive and criminal people, traffic jams and road rages all the time, no parking space, people getting aggressive and trying to fight for no reason.people hating each other, worst hygiene everywhere, adulterated food and worst safety in all regards like road, construction, carelessness in doing work, bad quality of work. even govt here scams. They take money to Conduct examinations and then cancel the exams and don't refund money. Teachers are lazy and aren't interested or don't want to teach. Exams getting leaked all the time and students committing suicides. Modi calls India vishwaguru, imagine India being vishwaguru and rest of us follows us. All of the world laughs at us because saying India is great, India is a superpower Everywhere gets them views that's why the put India Everywhere. Extremely toxic work culture that no company wants to work here. University not publishing results on time and no teachers, professors in schools and universities except at good level. Very low doctors and hospitals condition is worse than Africa. Doctors scamming patients and telling them unnecessary tests to earn more money. Normal court cases pending for 30 years. People encroaching lands and when police comes to stop them , they attack police. Roads broken within a week or a month, highest road accidents and deaths but no control of driving and management. People fighting in the name of caste religion and Politicians do the same for vote bank. Every political rally is abusive and everyone does it. Rape and death threats in front of camera and if you've money, you're safe. Everytime protests riots and people attacking each other because of religion and politics. Lawyers and police beating punching each other outside courts. Police wants money to even register cases. Your own land can be encroached if you don't keep an eye. Builders making bad houses or running Away after taking money and not giving any houses. No proper drainage systems is most of the country and you can complain and no one listens. I can tell a lot more. This list is endless.
I am siting in Germany and watching this video. My point of view working in India is far better westen country. If you know how to make money India is really right place. Very cheap tax slab in India. Easily can make fool without lack digitalized.
Singapore to Bali > Distance: 1660km > Ticket Price: Avg Rs.10k Delhi to Bali > Distance: 8500km > Ticket Price: Avg Rs. 15k So your comparison of domestic to international flight was not really equal. This is one example of how stats can be used to form any opinion you want. 00:45 Also, Singapore to Bali is not 3000km, it is 1660km if you consider air travel. This is the first time I fact-checked what you said, and it makes me question everything else I believed without checking. Delhi > Bangalore is the same distance as Bali>Sgp and the ticket costs Rs.5k. So I don't know if you specifically picked up Hyderabad example to create a specific agenda. I am not really a fan of these taxes and myself often think about migrating to some other country for various reasons, but I don't like being fooled either.
If you watch his older videos and do some research on your own , you will easily be able to contradict him. He just speaks confidently, that's it. Since he is from a good b school and speaks fluent English, most of his subscribers blindly follow and believe him.
Simple, if your country is homogenous like Norway then you should charge high taxes cause there is a degree of trust. For heterogeneous countries like India, reduce income tax to 16 percent
Hey Akshat! I find the frameworks you use to analyze the topics and covey the messages very easy to follow. You make the topics seem very intuitive and you're a great teacher! Looking forward to your future analyses! Good luck and cheers!
@@officalJalgara kindly update ur data, Canadians are applying for indian visa to settle in Punjab as Indian government is breaking up canada from Punjab
I am in Canada .. The biggest reason people move is security..If you are HNI in India you face Income tax complications, security , police and justiciary...
achchha, Canada ne tum jaiso ko bina paise ya bharat me padhe gusne diya kaya? tumhare jaise kitne log tax dete hai bharat me? Canada me tum jaise log jhakh mar ke tax dete ho. Canada or USA me aaye din gun se log mare ja rhe hai uska bhi gayan de do.
Top 10 reasons to leave Canada: 😀 ruclips.net/video/GbvMxP2gdZM/видео.html Canada doesn't give opportunities, quality of life, healthcare, or pay for immigrants, but its passport is helpful in getting jobs based on your merit & ambitions elsewhere.
Paying taxes in India is pointless especially for the General category. Rich people would certainly prefer not to stay here and pay taxes as they get zero benefits from the govt. In India all that taxpayers get is harassment, horrible infrastructure, dysfunctional judiciary, discrimination against general category at all levels, corruption, pollution and several other maladies. Rich people should certainly explore their options instead of wasting their lives in India.
I've been following TA24EFF for a while and it's great to see that it's finally getting the recognition it deserves. Amazon's presale is just the beginning.
Amazon is known for disrupting industries and I believe their support for TA24EFF is going to do the same for the world of cryptocurrency. I'm excited to be a part of it.
Reservation system there is not much of difference the competition is narrowing Issue is as under A. Avoiding income tax B. Gst being paid by all C. Useless over paid govt servant D. Low minimum wages E. No food security F. No unemployment coverage or health coverage G. Bribes for everything to be done H. Labour law weak I. Corruption in the system
@@quahogfamily8971 ration card exists for bpl and apl it should be for all irrespective of income food security should be given to all in times of corona or such even middle class and have ration
I would say a hybrid culture will occur. Even if you put the entire wealth in western countries their growth rate is very low. Expenses has skyrocketed. Better to invest in India even if you have a job in USA. There is no Free Lunch.
Akshat ji, My view is bit different for example 1 Near to my house there is only RELIANCE FRESH and maximum things i purchase from mom and pop kirana store in delhi and vegetable i purchase from small shops on roads coz the quality of things in reliance fresh is not great and i still remember when MALL BUSINESS was about to enter india there were lot of hue and cry from small kirana stores that they will eat up their business but that is not the scenario anymore.
His work deeply inspires me to make content about it. The argument is suddenly finger would snap and high quality jobs would come. There are people who are just driven my money, there are few people who are driven by civilisation continuity and make work to take India forward. You make progress slowly but yeah agree. If you’re just after money, then there are other places to go, but if you’re driven by some sort stupid emotion that, it would take time but would take nation ahead.
I am Indian staying in Europe, came here when I was 25 and I'll leave when I'll be 34. So like 4 yrs later. I earned well what I could have got back in India at my age, but every penny I saved I invested back in India. I truly believe India is the future I am young so wanted to earn a bit, travel like crazy and make my life financially better. But honestly I don't see any country to settle, than India. I like my culture and I want to give the same to my future child. Don't want to give the child identity crisis. For me it worked because I was very young when I came in Europe, when you get your kids in the school outside and once they get used to that lifestyle its difficult to come back. Me and my wife are still working on our goals, once done we are coming back. Also to make a note most of the Westerner countries dont actually give the facilities as per your taxes they have the systems built many years ago, because they exploited many countries. Look at UK once their loot money is gone, they are on the verge of destruction.
I libe in UAE though no tax here living expenses are very high, with this expenses we can lead a luxurious life in India. If we have strength and money all the countries will invite us. But ultimate truth is even if we have money or not only our home country will be the one to give us shelter. It's my personal experience being in UAE.
I am staying in dubai for past 8 years and the inflation here has risen ..vat charges and house rent has risen drastically thus thinking to move back to india soon
A small view point: - while I agree that rich people get taxed very high and get very less in return, they are still here because of their own benefits. They know that India is their biggest market and along with good brains, they also get hard working people and resonably cheap labour here. -- Rich people leaving india is not a headline news. People have left this country before and many may do so in the future to come. *The reason changes*. Every person Stays or leaves their country after weighing pros and cons.
I have few comments regarding the flight fare comparison at the start of the video , as I feel the comparison was incorrect. As i have lived and worked in singapore as well so I can say that cost of flight per km is less as compared to India , no doubt in that . but the price is less because of following reasons . 1> Both Singapore and Bali are an Island , so most common way of traveling is via flight only since its most common way of travel lots of people travel and demand is high , which means flights are mostly 100% occupied and hence overall cost of fuel and aircraft company expense comes down 2> Distance is more as Akshat mentioned , as distance increases air fare usually cost less . for example cost of traveling of mangal yaan was 7rs/km , so i can comfortably say that cosy of goinf to mars from india is cheaper than cost of flight from singapore to bali , but that comparision will be incorrect right ? flight from delhi to singapore costs 11000 ( 6000 km) for same dates which akshat checked , and singapore to bali cost 6600 ( 2500 km ) . so travel to singapore from delhi is cheaper . then delhi to hyderabad . hence comparison was incorrect
I had the same thoughts as you but 10 years later I moved back abroad. Dil se Nahi Dimag se kaam lena padata hai. One fortunate thing, I took my family with me.
A great video, once again, akshat. You have been offering exceptionally useful stuff since long. These aspects can't be found in any course or book, for that matter. Your generosity is worth praised and emulated.
There is a lot of discussion and media coverage at the national level about HNI moving abroad and drainage of money along with them. Even much larger money drainage is going on with youth moving outside India as students. Estimated 2 lakh students move outside India (especially from North India). Initial outflow is 20-25 lakh per student. Later when they settle down, their parents start selling each and every asset here to support their children in buying houses, cars and what not. Each student is draining more than 1 crore and guess how much money 2 lakh students each year will be draining. This issue has little national coverage..
@@eshaankhurana2900 Overall we may be receiving a lot of money back but that is not true for student migration. Rather it is the opposite, parents keep on selling properties here and ultimately join their children abroad as permanent citizens. It was true with an earlier generation who were sending money back home to build new homes here and buy farming land here in Punjab. You go to any village in Punjab, hundreds of houses are lying unoccupied and land is on sale.
One of the main benefits to living in India is the low cost of living. Yes, there is pollution and traffic and all those not so good things but I can live in a good house, have domestic help, have food delivered through zomato, have groceries delivered through blinkit, everything else through amazon, Ola/Uber/Metro for transport, work from home, have a great lifestyle, be in the top 10% in terms of salary, save a lot of money. If I go to the US, it is very hard to have a similar lifestyle.
In terms of overall big picture, is this really a significant number of HNI’s leaving India. In fact , if you are a HNI and have the right religion/caste and some social connections India is really great. What do you all think?
My wife and I contemplated leaving India several times. Recently we shifted from Outram lines North Delhi to South ex. The ongoing Modi-fascist like power , our taxes which gets siphoned by civil servants and politicians , constant harassment from NGO and other organisations etc etc India does not provide a peaceful environment for us HNi’s . But we couldn’t leave due to the fact that our roots are so strong wherein more than 12 family of close relative depends upon us. We really hope India took a u turn.
It has to do with mindset. Most indians are living a Hyper-individualist mindset. My Job, my salary and then i will marry and my family. So there is no team-work or passion to start business or startups with your friends. They just want a very high salary and they think that is going make them happy. Now to get such high salary obviously you will have to move abroad. Also People dont think in terms of community anymore. Community thinking needs to be encouraged. Indians live in a socialism Hangover. Because Indians learn socialism in schools to survive in a capitalist world.
kaunsa development kiya aajtak kisi bhi sarkar ne? School sab private ja rhe hai majbori mein aur wahaan loot machi huyi hai Hospital private jana padhte hai Clean water ke liye RO lagane padhta hai Bijli ke liye inverter Police ko ghus deni padhti Govt offices mein bina Rishwat diye kaam nhi hota Hotel mein khao to tax, Ghar mein koi bhi saman repair karwao to usmein bhi tax Highway Roads banane se bachne ke liye sarkar ne us pr bhi unlimited TOLL-PLAZA laga diye TAX ke liye Koi plot kharido to usmein bhi tax aur use becho to usmein bhi tax aur na becho ghar banao to us par bhi tax Koi bhi saman kharido us pr bhi tax MEDICINES tax pr 18% tax laga rkha hai Iske baad Income pr bhi TAX Bachao to usmein bhi tax Bank mein dalo to usmein bhi tax Stock ya Mutual fund mein lagao to nuksan ho gya to public bhare nuksan pr agar kamai ho gyi to usmein se sarkar ko tax do Tax tax TAX!!!! Aur is tax se neta khud ko malamal krte hai croro ki properties bna lete hai aur public ko bola jaata hai aur TAX DO. Pta nhi government ki is HAFTA-WASOOLI ke liye protests kyu nhi hote hai !!!!!!
Hello , I live in a village in Punjab. Here , the state govt. is offering free electricity, free wheat grains , loans with no re-payment liability , free water , no or meagre taxes and duties , pensions , etc. But , to which I really condemn these filthy schemes and free programmes. The reason being that this free culture is making people careless and lazy creatures and secondly for every thing free , someone else is paying heavy taxes. That's why metros and big cities citizens were made to pay heavy taxes and the money is showered upon the villagers. Why? Because , today also 60% of , or more , voters reside in rural areas and they were the game changers during elections. The only thing which develops in rural areas nowadays , as per my own perspective , is the blind races of constructing and maintaining the religious places and structures belonging to various different cults and religious beliefs! People in abroad would send here lakhs of dollars for their religious monuments than for the schools , colleges , drinking water and sanitisation , etc. But , only this kind of society suits the politicians and they were programming us in alike way 😔. Only doing a job and working responsibly would make our nation ' A Great Nation' 🤗
Quality of Life matters.... And its just one life, enjoy the best of your time regardless of whichever country you opt to live in. Afterall it's we humans who created borders and boundaries.
@@Ashokkumar-ux6zv mehnat kar ke paisa kamaya hai.... loota kaha hai? free me koi paisa nahi deta.... hamne cheez becha logo ne paisa de kar kharida... hamne profit kia
You are not mentioning the elephant in the room. You can have 100 crore in bank but can your child breath healthy air? Would you like your 6 month old child to breathe air in Delhi? Can you take a walk in Patna suburban after 11 PM?
Ek bhai kahe rahe the ki Itne heavy taxes ke bad bhi Government se facilities kya milti hai? At least hospitals aur shiksha to us sthiti me honi chahiye ki sare bachche Government schools me hi jaye aur Government hospitals me quality ilaj bina lambi lines ke ho. Upar se primary se leke higher education me reservation, Job se leke promotion me reservation, Government jobs ki competitive exams me bhi fees ka rate dekho open candidate ka, Government yojnao se leke petrol pump avantan me bhi reservation. Fir open category bachche higher education leke videsho me hi settled honge aur unke parents bhi unke pichhe wahin jayenge ya dusro ko bhejenge. Sabko saman adhikar aur avsar nahi milega to disatisfaction badhega
Two sectors where aggressive growth has backfired post-Covid is: Edtech & QSR: After the Covid fear vanished, people switched over to the erstwhile affordable service providers. In case of edtech, subject specific ‘sirs’ and for fast food favourite roadside dhabas. It shows ultimately that customer is the king and cannot be taken for a ride by coining slogans.
Really confused right now whether to move to US or not. I'm 28, doing a job right now and earning ~19LPA. My company can move me to US and might offer ~90k usd Hearing from most of the people now a days that India is best country to live in right now, that's why not very motivated to move to US. Of course there are other reasons as well, like US healthcare system sucks and in US as well we need to pay high taxes, gun crimes in US. Please guide Akshat what step shall I take
Crimes are everywhere. Atleast abroad countries are already developed and u get a good quality life and work life balance .. Not like indian shit managers. Pls move when u can. I missed my train to move 😢
Nikhil, go forward you will be better than what you are earning, even if you work for 3-4 years your life will be settled and your view point and confidence will increase. Go with proper insurance cover you will never regret dont go with indian insurance cover.
The main difference would be culture , one need to decide whether money keeps them happy all the time or is it people around them? Going for couple of years is ok but selling in USA is ludicrous. Instead one can live in Dubai or singapore. these places are also near to India.
@@kumarabhishek1064 what culture? Do u really think people in India are all very happy? It's the most depressed country. Joint family is the cause for all fights
HI Akshat, Thank you for your great learning videos for learners like us. I want to know that is there is any good platform where I can study companies from all over globe, like we use in India eg MoneyControl, Finology and Screener. Looking forward to hear from you.
Recently I traveled from Manchester to Jakarta which is 20+ hours flight costed me just 500 pounds.(return) But from Manchester to India(trv) i never got price below 800 pounds (return)which is less than 15 hours fly Same goes on with almost all airports. Indian airports are looting us now a days.
If you are filthy rich and some of the accumulated wealth was acquired without paying proper taxes to a country, I can understand the motivation for some individuals to leave the country. But if you have decent money, I don't see a reason to leave India. If you are wealthy in India, it is so affordable to have a driver and people to take care of household tasks like cooking. It's much more expensive in places like the USA. Just compare the property tax in India versus the USA - there's no comparison. If you need a decent-sized house for a family of 3 to 5, your monthly (yes, monthly) property tax in the USA could be 50,000 to 1 lakh rupees or more. Health insurance premiums could be $1500 or more if you have kids and no support from your employer. A 4-year engineering degree could cost you $100,000 to $200,000, though scholarships can bring the cost down. Now, imagine someone with 2 to 3 kids! Compare the federal, state, county, and community taxes, among others, for an IT engineer making a six-digit salary in the USA with an Indian counterpart. Compare the cost of hiring an electrician for basic one-hour services at your house. What are the chances of a wealthy guy in India painting his house or mowing the lawn? In the USA, it is quite common.
Wonderful statistics. I live in the USA and I agree with you all. Also, in USA there is less community feeling. Friendships are merely transactional...at the best good time at the bar or over beer. India is also becoming like the USA due to financial independence, but still relationships are better in India.
Hi Akshat … can you do a video on taxes of foreign stock investment since you have shown how you invest in apple and Amazon … how do you track their dividends and other notifications … how are the taxes filed … their financial year is Jan to December while ours is April to March … are you liable to pay taxes in the US for gains made in the US ? How do you inform the US government about your citizenship and your taxation status … do you file nil returns in the US
Great video...this might be stupid but I don't understand one thing....if developing countries are growing at a much faster rate than developed ones then why would people invest money in an already developed economy? It's like wouldn't people invest their money in stock that can give them better returns? Is this more to do with stability?
This is not true only in India. It’s a global change. Lot of ppl have moved out of China, Japan, Korea also. These are all the side effects of globalisation and acceptable. Lot of ppl have come to India and settled in remote places coz they like our culture, food, climate etc. when it comes to money ppl who are concerned about it move to their favourable places. Ps: my personal opinion 🙂🙏🙏
yet the Salaries, perks of Judges, Magistrates and judicial staff has also to be paid by the Government. this is written in income tax official website say your wife to leave her job she is taking a lot of tax of the government hence doing some unproductive work for the country.
Love your videos. Can you please make one highlighting the real estate markets in other countries. Like how does it look like in developed countries vs key developing countries.
Problems for well to do people in India are : 1) Jealousy and Communal tension : In India if you are successful ( have a nice house, car, good clothes, good food, etc etc) the bad neighbors will cut your water supply, electricity, gang up and harass you etc. Then add the caste, religion factor to it and it gets worse. This situation is everywhere from neighborhoods, markets, gov offices etc. 2) High tax and High levels of corruption : From getting licences, to permissions, to bribes , then discrimination , than bullying by local politicans or thier stooges etc.
great content and analysis. can you also do a video on how AI and the recent ChatGPT/Bard LLM models will impact indian economy and jobs in both formal/white collar and informal/unorganised sector
Id migrate to any of the European countries make descent money n invest the money made in Indian stock market the taxes are for real sky rocketing man 😮
Don't think only along economic lines, stay in India because it's our Motherland. Already I have seen old parents whose children are abroad, suffering in silence. Children abroad think sending money every month is the only thing that matters and that parents should be grateful for that. Our lives are political, economical, religious, emotional, rational, irrational everything. To always just stick to economics and it's numbers doesn't satisfy the soul and creates a constant state of anxiety which at a macro level would be unnecessary. As one great soul said, Don't bring mathematics too much into your life. 🙏
our parents are not saints either... they play emotional blackmail game with us to keep us in this broken country.... either come with us in developed country or stay back in India
India has its own pros and cons for HNIs. This is because large population income thershold is below taxable income. so top 5 % people have to bear more burden. The way india is moving with digital payments and more people comes under income tax umbrella HNI burden will get less, But It will take atleast one decade or more. India has its benefits also for HNIs like they get food and grossery at affordable price, they get house maid for dishwashing , house cleaning, drivers, full day babysitter, security, cooks, etc. which they cant afford in developed countries unless they UNIs. Most cars as affordable as developed countries , like BMW, VW, TOYOTA, Hyundai, JLR etc. In india you are paying one time in 15 years for registration of vehicle where as outside inida you have to pay every year for the registration of vehicle. Most developed countries any surgery with government medical facility , you have to wait for 6 months to 3 years in queue for you number. Dentist are way costly than india. Its not all rosy what you are thinking from India.
What? Income tax burden is just increasing slowly and slowly. Cars are affordable ? A BMW 3 series will cost you almost 70 lac on road in India, the same car is around 32-38 lacs in most developed countries. The annual registration is not full registration, it's a tiny fee. Cars in India are among the highest taxed in the world now. Govt. healthcare doesn't exist in India for anyone who is not willing to stand in queues for a day, most people end up paying out of pocked to private healthcare centers which are again no way cheap in India now. Except, ability to hire maids, cooks etc. India is more costly now compared to most developed countries due to taxes and black money.
Changed to what? IMO the System will always be debt based. An equity based system requires immense trust and transparency. Otherwise the economy grinds to a halt.
Already lot of brain drain is happening in India b'se of low quality life( high pollution, traffic etc ) N crushing taxation ( 30 percent + 18 to 28 % GST) .
Besides taxes for middle class, middle class have to work long hours in offices/establishments/factories. (Under pretext of cost cutting) The fixed working hour rules are only on paper. Because we the beasts of burden have to finance inappropriate social welfare schemes of political system. Which makes Indian economy as oppressive/exploitative. And this will continue for generations to come.
Since India is a growing economy, we are churning out more HNIs than we are loosing..that is a fact…only 2% of HNIs have left India but HNI population is expected to grow by 81% in next 5 years.😃 Even UK has lost over 1500 HNIs recently. One needs to have a holistic view before forming an informed opinion.
Taxes in India are high however it's no less in other countries especially in the US. Plus other expenses and inflation is rocketed too. Let's look at both sides and migration decisions are more emotional rather logical
I pray to live in India all my life. As an IITian from the 90s I could have jumped off to the States (and still have the chance), but I dont want to leave Bharat
I think the benefit of paying tax in India makes India's cost of living affordable compare with other countries. E.g. farmers subsidy helps them to save cost on production, etc, etc. I agree that there are a lot of leakages in this system. What are your thoughts?
Brother u just can't help the genZ understand this...India is growing at 7.2%, with inflation at 4.25%, but they are willing to move to a country which growing at 0.5%, with inflation at 7%
well if was a hni i would move abroad because i would not want my taxes to ministers to buy fortuner. no matter what corruption wont end for decades here
Lol 😂. I lived in USA for 12 years and returned to India for good, last year. I feel life 23:34 in India is much more better than in any foreign country. Currently I’m living in a Tier 2 city, hence very less pollution. But I too feel metro life in India is disgusting 🤮
As the government policy is to feed its beaurocrats and politicians, for this they have to levy heavy taxes and duties on citizens. They have to follow 7th pay commission and 8th paycommission and corruption. We have to work for these people
our country has to develop asap to be able to provide quality education and healthcare. till then its on us upper middle class to bear the financial burden. Hopefully by the time I retire I'll be happy about my decision of not leaving my developing country.
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Please make video somewhat smaller and crispy, please 🙏🙏🙏
Hey, can people with no or minimum knowledge about Finance and Markets can take your course?
Unable to join your community as I don't have Visa or Mastercard. Showing invalid card.
Please suggest.
I'll also leave india if I get a chance. Toxic working environment, stressful quality of life, poor urban planning, overpopulation are many reasons why Indians will continue to move abroad.
Sir, can you make your course more affordable.I am a student and I want to take your course but my pocket cannot afford it.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Investing is 5% intellect? have you ever heard of a successful investor who is not extremely intelligent? investing is hard work? how hard can it be to think of something very interesting? and what is temperament without intellect?
@@hushbash2989 How can i reach this FA, so i don’t make mistakes that’s going to cost be alot.
Impressing i never knew advisors are outperforming the market and yielding good returns . I will lookup your advisor in the web she seem interesting .
No matter who says anything, no one can disagree that this country does shit to tax payers and its the reality.
Thanks not the average Canadian those are millionaire Canadian who are trying to protect their wealth
Bro those who have money can move on no one is stopping you😂😂😂 but tax will be there weather you like it or not!! Lots of people do get benefit from it so u can...... F urself
You can migrate out, that’s the only way to exit the tax harassment or just become ultra rich that tax won’t matter to you at all
You have the liberty to leave the country and stay in the one which does justice to the tax payers.
@@nikhilnishanimath6560Thanks for reminding the OP of their liberty, but that does not make their statement wrong.
I will also shift to abroad as paying such taxes to govts at all level is giving me nothing but pollution, unsecured environment, garbage etc. My future kids will also get nothing by paying taxes rather they will be discriminated because they will belong to general category. In abroad worst thing will be racism, but hey am I not facing in India caste wise?? But I will get more money, better usage of taxes, security and other stuffs.
And after 18 your kids won't be able to determine there gender for life...😂😂😂...
@@Nitish.Singhal Bhai Indian sanskar hi dunga unhai, nahi hoga Aisa kuch. Honai ko to India mai bhi ho hi raha hai. But jaban deta hu, agar aisa harkat kiya unhonai to ghar sai nikal dunga.
I have been staying in North America for the past 4 years and I had exactly the same reasons that you have mentioned for leaving India.
Trust me I was wrong. Now all I think about is coming back to India due to extreme expenses due to inflation here, seeing uncultured kids, easy drugs access, terrible education, terrible healthcare, gun violence and much more.
Would definitely recommend you to think 100 times before moving out of India.
If we think that there are corrupt politicians only in India then we are extremely wrong. There is way worse corruption here but the only reason we don’t see it, is because these countries are good at marketing themselves.
Remember, grass is always greener on the other side.
Makes sense. But, the same shit will come up in abroad in different forms. Just that the shits in India look more poor and are at inflection point, and are more popular. I have lived in USA and I have seen pros and cons of both the places. Immigrants people in USA gain a pride of moving abroad eventually but they spend a highly depressive and lonely lives. Like sense of non belongingness stays and eventually one gets used to loneliness out of comfort zone.
@@KushagraGondhali USA is the worst place to live, there are far better places, but not necessarily for Indians to live.
it’s not just taxes, or jobs but to live in law abiding, well disciplined citizens, traffic, better environment, less corrupt bureaucrats & politicians and many more reasons
@nitinyoutube That's the main point, money can give some percent of satisfaction, but the things you mentioned will give you a good life.
Totally agreed sir it right now the law and order which is corrupt...we talk about Pakistan but our judicial system is as bad as Pakistan and judges are also very corrupt..i have an experience
exactly. people want to live in a civilised country. yaha to jungli rehte hain yaar. neta wo banta hai jo rape kare. bina rape ke neta nahi banne dete. aisa lagta hai jaise logo ki demand hai.
Good luck on going to Europe
@@regalmedia9487trump was charged with r allegations
20-30% is income tax rest is Indirect tax on each item we purchase or service we use
These.are.not taxes but government's OPEN-LOOT
Bina facilities ke itna tax to kisi bhi Developed countries tak mein nhi lagta hai
Even savings are TAXED to make politicians RICH & public POOR.
"Savings are taxed"? explain me how.
@@manishgoyal7677 don't u know whenever u save money in bank u r taxed. Use ur brain n don't say u r taxed on interest. It's tax
@@vickyAlways lol you are dumb lad.
I am working as a Tax Consultant for last 20 years. seen chutiyas like you all along.
Taxing your Income generated from savings is not same as Taxing your savings.
So you basically mean you can have thousands of crores but the money you earn from that shouldn't be taxed?
also when you speak about Interest, in case of super senior citizens, income upto 5L is always exempt and Interest upto Rs 50,000 is allowed as deduction in addition to the already available limit.
even parts your medical expenses is allowed as deduction.
@@vickyAlways Capital gains tax exists in all nations...duh!!
@@omkarbhanage6466 but there taxes are utilised, citizens are provided free healthcare n free education n social security n retirement benefits unlike india
Excessive taxation on salaried class without any government benefits is driving high salaried individuals away, this is increasing in real terms every year. The same goes for startups that I know of.
What you are saying is meaningless because you are saying govt is excessively taxing govt emoloyees and do they are leaving the country.
My dear fellow, govt employees cannot leave the country as they are bound to their jobs😄
Please do not jump to conclusions by looking at those Biased Reports and biased videos like these. It is clear that Akshat is happy making more money by getting sponsorships and speaking for them.
@@oneangle Gobhiji said all NRIs are coming back to india because of India becoming super power
@@oneangle I am not for or against any political party. I know of many in family and friends circles, who pay more tax than what most freshers earn as CTC. They get absolutely no benefit in return. No waivers, no subsidies. It is asymmetrical when compared to Business class and Low income class. The upper middle class (below rich and super rich) are the more financially harassed demographics- they have very little say electorally, socially, in terms of security & absolutely disrespected. They are made to hate themselves for reaching those levels after all the hard work and sacrifice in life. All political parties alike, want "number of votes" and so prioritize the lower middle income, rural, poor, farmers (non salaried class) and the Industrialists and Businessmen (again non salaried class). Salaried class, particularly those making above average are at a disadvantage remaining within India. In the next few decades (as it was in past 2 decades), they will pay Trillions of Dollars in Direct Personal Taxes (other than Taxes like GST on alost everything), which will subsidize the minorities (by religion, caste), freebies to lazy socialists, farmers, waive loans off the rich industrialists. In return they will get 000 from the successive Govts.
@@RamakrishnaR-y9v Talking about private sector employees. Government employees don’t match professionals in salary at least in white 😀
Majority of the Indians are leaving for UAE, which doesn't give citizenship, they are going there for few years where they will flip their money as earned in UAE, come back to India file ITR as NRI and bring back the money to India. It's just tedious way of saving tax
Yes sir you are correct
Yahi nhi ye nautanki har saal krni padegi
Worth it if you are a HNI, one of my friend owns a solar power company with projects in Canada and Africa. He has moved to Dubai. He can save all the profits from abroad in uae tax free. When he retires he can park some wealth in Canada where he has PR and some in Dubai and bring money which he needs back to India .
Not only rich, other wise also Indians are leaving as and when they get an opportunity. I am not rich, but I migrated because I was not happy with the way things were going in India. And after my last visit to India which was last year I am all the more happy with my decision to move out. I was a great believer in the current regime, however after living through almost 7 years under the current regime I realized things were not going to change for better, as all the political parties are the same. India will never be able to get rid of corruption, lawlessness, chaos, pollution, encroachments, slums, fanaticism (try voicing your concern against even a corporator in your area and see the results), utter disregard to others safety and well-being etc. I will be glad to be proved wrong some day.
Please explain what you mean by 'Chaos'. Im from the US and Indian news channels ALWAYS talk about US gun violence. But Indians wont stop coming to the US.
@@logician3641 I am an Australian citizen now and I use the word chaos to describe the overall situation in the country where corruption, lawlessness, pollution, lack of traffic sense, no regard for the well being of others, encroachments on public and private properties, slums is a daily routine.
@@chinmaykar06 Fair enough. Ive never been to India so I dont understand.
@@logician3641 only in past few years. Most returnees number one grouse is family think they are crazy.
One such chaotic situation is making the hatred popular against many of beliefs and culture by ruling folks
I've been a fan of Amazon for years and the fact that they're supporting TA24EFF only adds to their credibility. This is definitely a coin worth watching.
Most shocking thing for me in this video was 70% - 100% tax on imported cars. That's huge, more respect for people who bought imported cars in India. They are really rich for sure. 😁
😃😃
But why ? I don’t get it
Again it’s imported luxury cars, not all the imported cars
in Pakistan you have to pay 250% tax on every car from 600cc to lamborghini
@@funtertainment6720 In Somalia and Cuba they don't even have imported cars. So?
Not just taxation. I think corrupt bureaucracy also leads to mental harassment because of which HNI s leave India.
Tax culture only for 1 or 2% population means 98 % is enjoying on 2 % money
After working years abroad my friend setted down in India when he was hired as a manager of the India operations of a German company. But the corruption and the lack of human respect/dignity in comparison to the west made him decide to emigrate to Canada. His emigration was not due to financial reasons.
When he had finished living in Canada for 5+ years, I asked him whether he anytime regretted leaving India. He said not a bit, not even once. Moving to Canada was the best decision of my life, for myself and my family, said he.
Amazing just do the same @&& hole😂😂😂
Bad upbringing always leaves behind ugly footprints. I can only pity.
@@teresaskitchen2020 ignore the online trolls. They're insecure failures in real life spreading only negativity to feel better.
@@iotasymbol8498 LOL, you seem like you are in every positive comment spreading hate, what happened with you???? Did your visa got rejected because your education and English is poor???? Lol poor thing, don't get jealous.
Not only rich Indian ..coming years you can see lot of young students leaving india to settle aboard ..as of now 10:3 leaving ...because of salary structure ...inflation nd taxes
Not many can afford
Citizens of rich countries are also mobilizing their governments to reduce immigration. Only minority vote purchasing immigration may survive. Don't count on immigration to save Indian middle class. We should clean our own toilets.
Thanks for staying in India and educating us...
You are changing many people's lives...
Thank you mentor...
TA24EFF has a lot of potential for use in international transactions. Its fast transaction speed and low fees make it a great option for those who need to send money across borders.
My entire family lives outside India. The only reason I came to India is for education. My parents wanted me to learn to survive in highly competitive environment. It was hard but I managed to do it and will be going back once I finish my studies. Better infrastructure and better environment. And someone mentioned pollution in the comments, its so severe that people living here dont even understand. The first thing i notice after stepping out of the flight is the poor air quality (of New Delhi).
If you want to setup a buisness then stay in India, there is ALOT of growth awaiting in almost all industries, that would require some connections. But if you want just a good job and live a peaceful life then try to move out of India.
...exit...leave the pollution behind 😂
But what I heard Family & Social life is very poor for Indians . Also foreigners don't mix up with Indians so easily !
@@95yashsheel as long as you speak the language with fluency you shouldn't have trouble mixing with foreigners. Social Life is great, we form a group of families and then go on BBQ picnic every weekend in different parks, this depends on YOUR social skills. The only reason some are treated badly is because someone forgot to teach them the cultural ethics. Since you are not in your own country you have to adjust to a lot of things that you consider normal. I haven't encountered any bad treatment.
Lol they are not leaving because of pollution ..
they are leaving because of less growth in industries ..
first read facts
Agree, Want to leave India 🇮🇳 as early as possible... No future for us and our children as a General Category and HNI.. Govt dono hatao se hame loot rahi hai .. Bhai for sake of our and children we have to move to other place because no political party have dare to stop discrimination on basis of cast and freebies on our hard earned money taxes..
Ulta chor kotwal ko daate
@@rohanmech88 😂😂
@@rohanmech88 ulta muft khor tax payer ko daate ! 😄😄😄😄
I like how Adani and Byju popped up from bottom of the screen when Akshat talks about debt😂😂
lol
Love you for the statement
"Whatever taxes I am filing, it should benefit the people of country"
But this is myth
Political parties are making assets from your filed taxes and becoming the richest party of the world.
Be selfish❤
exactly, I would rather save my tax and try to contribute to the society directly
All politicians are farmers and pay zero tax on their income
@@ayanbandyopadhyay7767 if someone is running a factory or a startup, he has already contributed by creating jobs and wealth.
@@fwefhwe4232 i would ssay, that's more of mutual dependence really, startup needs emploees as much as employees need tthe job
@@ayanbandyopadhyay7767 that's the most excuse to not give taxes...😂😂
Great video. Have been thinking about moving out too. End up paying so much for property here and still can’t live in peace due to excessive noise and air pollution
Akshat missed a major point about him not leaving India, his wife is bureaucrat.
Sahi pakade ... Even if gives tax, in form wife's salary and perks, whose taxes comes back to same home 😂
@@rocket.Singh.She's not getting paid because his husband is paying tax what for his work
@@vijaybhaskar1413 aare Bhai.. it is not exactly his taxes and her salary... But any government worker gets salary and perks from our direct and indirect taxes ...
@@rocket.Singh. what his question is what he gets from the tax he pay
@@vijaybhaskar1413 wife's salary for him... For common man, nothing .. he is in spcl place, we are not ...
Not just taxes, cost of living, standard of living, quality of life, investment opportunities, ease of doing business, family priorities etc, to name a few.
Blud just spoke a few hot words without making any sense lol
@@shivansh709Bad Indian infrastructure, bad attitude of people, crimes, bad judiciary, bad police, bad Administration, open gutters, garbage, riots protests, scams, illegal occupation, disorderly construction, poverty, beggars, slums, dust, pollution , bad drinking water, women safety, smell from everywhere , loud and noisy tourists and when you stop them , they fight. delayed projects, aggressive and criminal people, traffic jams and road rages all the time, no parking space, people getting aggressive and trying to fight for no reason.people hating each other, worst hygiene everywhere, adulterated food and worst safety in all regards like road, construction, carelessness in doing work, bad quality of work. even govt here scams. They take money to Conduct examinations and then cancel the exams and don't refund money. Teachers are lazy and aren't interested or don't want to teach. Exams getting leaked all the time and students committing suicides. Modi calls India vishwaguru, imagine India being vishwaguru and rest of us follows us. All of the world laughs at us because saying India is great, India is a superpower Everywhere gets them views that's why the put India Everywhere. Extremely toxic work culture that no company wants to work here. University not publishing results on time and no teachers, professors in schools and universities except at good level. Very low doctors and hospitals condition is worse than Africa. Doctors scamming patients and telling them unnecessary tests to earn more money. Normal court cases pending for 30 years. People encroaching lands and when police comes to stop them , they attack police. Roads broken within a week or a month, highest road accidents and deaths but no control of driving and management. People fighting in the name of caste religion and Politicians do the same for vote bank. Every political rally is abusive and everyone does it. Rape and death threats in front of camera and if you've money, you're safe. Everytime protests riots and people attacking each other because of religion and politics. Lawyers and police beating punching each other outside courts. Police wants money to even register cases. Your own land can be encroached if you don't keep an eye. Builders making bad houses or running Away after taking money and not giving any houses. No proper drainage systems is most of the country and you can complain and no one listens. I can tell a lot more. This list is endless.
I am siting in Germany and watching this video. My point of view working in India is far better westen country. If you know how to make money India is really right place. Very cheap tax slab in India. Easily can make fool without lack digitalized.
Singapore to Bali > Distance: 1660km > Ticket Price: Avg Rs.10k
Delhi to Bali > Distance: 8500km > Ticket Price: Avg Rs. 15k
So your comparison of domestic to international flight was not really equal. This is one example of how stats can be used to form any opinion you want.
00:45 Also, Singapore to Bali is not 3000km, it is 1660km if you consider air travel.
This is the first time I fact-checked what you said, and it makes me question everything else I believed without checking.
Delhi > Bangalore is the same distance as Bali>Sgp and the ticket costs Rs.5k. So I don't know if you specifically picked up Hyderabad example to create a specific agenda.
I am not really a fan of these taxes and myself often think about migrating to some other country for various reasons, but I don't like being fooled either.
And Singapore bali is a very very popular route... He should compare that price with Delhi To Dubai...
If you watch his older videos and do some research on your own , you will easily be able to contradict him. He just speaks confidently, that's it. Since he is from a good b school and speaks fluent English, most of his subscribers blindly follow and believe him.
India domestic travel recently Delhi to Mumbai or Chennai 8000 rupees for Indigo only cover all no government control airlines...
Simple, if your country is homogenous like Norway then you should charge high taxes cause there is a degree of trust. For heterogeneous countries like India, reduce income tax to 16 percent
Hey Akshat! I find the frameworks you use to analyze the topics and covey the messages very easy to follow. You make the topics seem very intuitive and you're a great teacher!
Looking forward to your future analyses! Good luck and cheers!
And the most funny part is that people in Canada and other western nations are trying to get a second citizenship in low tax countries.
Canada is not a Western country, its a part of Punjab
But atleast they are getting facilities
India is not low tax country either. We earn low. And pay high taxes.
@@officalJalgara kindly update ur data, Canadians are applying for indian visa to settle in Punjab as Indian government is breaking up canada from Punjab
yes they go to less popular countries lyk VIETNAM PHILLIPIES EASTERN EUROPE etc
I am in Canada .. The biggest reason people move is security..If you are HNI in India you face Income tax complications, security , police and justiciary...
achchha, Canada ne tum jaiso ko bina paise ya bharat me padhe gusne diya kaya? tumhare jaise kitne log tax dete hai bharat me? Canada me tum jaise log jhakh mar ke tax dete ho. Canada or USA me aaye din gun se log mare ja rhe hai uska bhi gayan de do.
@@Ashokkumar-ux6zvthey give so much public service
@@ankansenapati3600 cauz they are developed chutiye😂😂😂
Top 10 reasons to leave Canada: 😀 ruclips.net/video/GbvMxP2gdZM/видео.html Canada doesn't give opportunities, quality of life, healthcare, or pay for immigrants, but its passport is helpful in getting jobs based on your merit & ambitions elsewhere.
@@Ashokkumar-ux6zv india me bhi to aye din ladkio ko balatkar kar ke maar diya jata hai
Paying taxes in India is pointless especially for the General category.
Rich people would certainly prefer not to stay here and pay taxes as they get zero benefits from the govt.
In India all that taxpayers get is harassment, horrible infrastructure, dysfunctional judiciary, discrimination against general category at all levels, corruption, pollution and several other maladies.
Rich people should certainly explore their options instead of wasting their lives in India.
Exactly 💯
I'm thinking to leave India too but recent treatment of Indians abroad strongly discourage me to risk my money in an unknown destination..
Which country???
I've been following TA24EFF for a while and it's great to see that it's finally getting the recognition it deserves. Amazon's presale is just the beginning.
Amazon is known for disrupting industries and I believe their support for TA24EFF is going to do the same for the world of cryptocurrency. I'm excited to be a part of it.
Reservation system there is not much of difference the competition is narrowing
Issue is as under
A. Avoiding income tax
B. Gst being paid by all
C. Useless over paid govt servant
D. Low minimum wages
E. No food security
F. No unemployment coverage or health coverage
G. Bribes for everything to be done
H. Labour law weak
I. Corruption in the system
Except no food security, all points are valid. Ration cards exist
@@quahogfamily8971 ration card exists for bpl and apl it should be for all irrespective of income food security should be given to all in times of corona or such even middle class and have ration
Food at ration shops have stones in them. They also steal there.
I would say a hybrid culture will occur. Even if you put the entire wealth in western countries their growth rate is very low.
Expenses has skyrocketed.
Better to invest in India even if you have a job in USA.
There is no Free Lunch.
Akshat ji,
My view is bit different for example
1 Near to my house there is only RELIANCE FRESH and maximum things i purchase from mom and pop kirana store in delhi and vegetable i purchase from small shops on roads coz the quality of things in reliance fresh is not great and i still remember when MALL BUSINESS was about to enter india there were lot of hue and cry from small kirana stores that they will eat up their business but that is not the scenario anymore.
His work deeply inspires me to make content about it.
The argument is suddenly finger would snap and high quality jobs would come.
There are people who are just driven my money, there are few people who are driven by civilisation continuity and make work to take India forward. You make progress slowly but yeah agree.
If you’re just after money, then there are other places to go, but if you’re driven by some sort stupid emotion that, it would take time but would take nation ahead.
I am Indian staying in Europe, came here when I was 25 and I'll leave when I'll be 34. So like 4 yrs later. I earned well what I could have got back in India at my age, but every penny I saved I invested back in India. I truly believe India is the future I am young so wanted to earn a bit, travel like crazy and make my life financially better. But honestly I don't see any country to settle, than India. I like my culture and I want to give the same to my future child. Don't want to give the child identity crisis. For me it worked because I was very young when I came in Europe, when you get your kids in the school outside and once they get used to that lifestyle its difficult to come back. Me and my wife are still working on our goals, once done we are coming back. Also to make a note most of the Westerner countries dont actually give the facilities as per your taxes they have the systems built many years ago, because they exploited many countries. Look at UK once their loot money is gone, they are on the verge of destruction.
I would love to settle in Amsterdam during my peak days😅 It was dream to live in a clean & safe place
I libe in UAE though no tax here living expenses are very high, with this expenses we can lead a luxurious life in India. If we have strength and money all the countries will invite us. But ultimate truth is even if we have money or not only our home country will be the one to give us shelter. It's my personal experience being in UAE.
But uae citizenship thodi deti he ,so people go their save money and come back india
@@gauravnagmoti5679 permanent residency mil jaata hai...
I am staying in dubai for past 8 years and the inflation here has risen ..vat charges and house rent has risen drastically thus thinking to move back to india soon
India is far cheaper
But your income in INR not in USD. India is cheaper if your earning in USD. 😂😂
A small view point:
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while I agree that rich people get taxed very high and get very less in return, they are still here because of their own benefits. They know that India is their biggest market and along with good brains, they also get hard working people and resonably cheap labour here.
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Rich people leaving india is not a headline news. People have left this country before and many may do so in the future to come. *The reason changes*. Every person Stays or leaves their country after weighing pros and cons.
I have few comments regarding the flight fare comparison at the start of the video , as I feel the comparison was incorrect. As i have lived and worked in singapore as well so I can say that cost of flight per km is less as compared to India , no doubt in that . but the price is less because of following reasons .
1> Both Singapore and Bali are an Island , so most common way of traveling is via flight only
since its most common way of travel lots of people travel and demand is high , which means flights are mostly 100% occupied and hence overall cost of fuel and aircraft company expense comes down
2> Distance is more as Akshat mentioned , as distance increases air fare usually cost less . for example cost of traveling of mangal yaan was 7rs/km , so i can comfortably say that cosy of goinf to mars from india is cheaper than cost of flight from singapore to bali , but that comparision will be incorrect right ?
flight from delhi to singapore costs 11000 ( 6000 km) for same dates which akshat checked , and singapore to bali cost 6600 ( 2500 km ) . so travel to singapore from delhi is cheaper . then delhi to hyderabad .
hence comparison was incorrect
Thanks, this Akshat just has some pseudo knowledge and cannot be trusted.
@@jeevan88888not necessarily just comparison.
I had the same thoughts as you but 10 years later I moved back abroad. Dil se Nahi Dimag se kaam lena padata hai. One fortunate thing, I took my family with me.
Income inequality benefits our politicians so they will do nothing to dampen the income equality growth.
So u want to tax the rich more...😂😂
@@justchillin_ That's what gov't want.
A great video, once again, akshat. You have been offering exceptionally useful stuff since long. These aspects can't be found in any course or book, for that matter. Your generosity is worth praised and emulated.
There is a lot of discussion and media coverage at the national level about HNI moving abroad and drainage of money along with them.
Even much larger money drainage is going on with youth moving outside India as students. Estimated 2 lakh students move outside India (especially from North India). Initial outflow is 20-25 lakh per student. Later when they settle down, their parents start selling each and every asset here to support their children in buying houses, cars and what not. Each student is draining more than 1 crore and guess how much money 2 lakh students each year will be draining.
This issue has little national coverage..
Wow. Excellent news ❤🎉🎉
But guess how much money their children are sending back to India??? No one covers that do they?
Exactly
But this individuals bring back more 100 billion dollars every year... So aren't we bet positive...
@@eshaankhurana2900
Overall we may be receiving a lot of money back but that is not true for student migration. Rather it is the opposite, parents keep on selling properties here and ultimately join their children abroad as permanent citizens. It was true with an earlier generation who were sending money back home to build new homes here and buy farming land here in Punjab. You go to any village in Punjab, hundreds of houses are lying unoccupied and land is on sale.
One of the main benefits to living in India is the low cost of living. Yes, there is pollution and traffic and all those not so good things but I can live in a good house, have domestic help, have food delivered through zomato, have groceries delivered through blinkit, everything else through amazon, Ola/Uber/Metro for transport, work from home, have a great lifestyle, be in the top 10% in terms of salary, save a lot of money. If I go to the US, it is very hard to have a similar lifestyle.
Sahi hai boss👌
Healthcare is also available
In terms of overall big picture, is this really a significant number of HNI’s leaving India. In fact , if you are a HNI and have the right religion/caste and some social connections India is really great. What do you all think?
Right religion/caste ??
anything except Upper Caste Hindu is a right religion in India.... look at the reservation policy @@kumarabhishek1064
My wife and I contemplated leaving India several times. Recently we shifted from Outram lines North Delhi to South ex. The ongoing Modi-fascist like power , our taxes which gets siphoned by civil servants and politicians , constant harassment from NGO and other organisations etc etc India does not provide a peaceful environment for us HNi’s . But we couldn’t leave due to the fact that our roots are so strong wherein more than 12 family of close relative depends upon us.
We really hope India took a u turn.
take a house outskirts of city and live peacefully
If 12 family members depend on you then you are not a HNI
It has to do with mindset. Most indians are living a Hyper-individualist mindset. My Job, my salary and then i will marry and my family. So there is no team-work or passion to start business or startups with your friends. They just want a very high salary and they think that is going make them happy. Now to get such high salary obviously you will have to move abroad. Also People dont think in terms of community anymore. Community thinking needs to be encouraged. Indians live in a socialism Hangover. Because Indians learn socialism in schools to survive in a capitalist world.
kaunsa development kiya aajtak kisi bhi sarkar ne?
School sab private ja rhe hai majbori mein aur wahaan loot machi huyi hai
Hospital private jana padhte hai
Clean water ke liye RO lagane padhta hai
Bijli ke liye inverter
Police ko ghus deni padhti
Govt offices mein bina Rishwat diye kaam nhi hota
Hotel mein khao to tax,
Ghar mein koi bhi saman repair karwao to usmein bhi tax
Highway Roads banane se bachne ke liye sarkar ne us pr bhi unlimited TOLL-PLAZA laga diye TAX ke liye
Koi plot kharido to usmein bhi tax aur use becho to usmein bhi tax aur na becho ghar banao to us par bhi tax
Koi bhi saman kharido us pr bhi tax
MEDICINES tax pr 18% tax laga rkha hai
Iske baad Income pr bhi TAX
Bachao to usmein bhi tax
Bank mein dalo to usmein bhi tax
Stock ya Mutual fund mein lagao to nuksan ho gya to public bhare nuksan pr agar kamai ho gyi to usmein se sarkar ko tax do
Tax tax TAX!!!!
Aur is tax se neta khud ko malamal krte hai croro ki properties bna lete hai aur public ko bola jaata hai aur TAX DO.
Pta nhi government ki is HAFTA-WASOOLI ke liye protests kyu nhi hote hai !!!!!!
Medical insurance par bhi tax
Kyuki hum murde hain.
kyunki is desh mein gulaam rehte hain . maalik nahi. koi loktantra nahi hai ye. sab jhoot hai. dharam aur sanskaro ka drama karne wala desh hai ye bas
@@SarveshNaik5 sahi kaha. culture bahut important hota hai. aur yaha kuch khaas acha nahi hai
Hello , I live in a village in Punjab.
Here , the state govt. is offering free electricity, free wheat grains , loans with no re-payment liability , free water , no or meagre taxes and duties , pensions , etc.
But , to which I really condemn these filthy schemes and free programmes.
The reason being that this free culture is making people careless and lazy creatures and secondly for every thing free , someone else is paying heavy taxes.
That's why metros and big cities citizens were made to pay heavy taxes and the money is showered upon the villagers.
Why? Because , today also 60% of , or more , voters reside in rural areas and they were the game changers during elections.
The only thing which develops in rural areas nowadays , as per my own perspective , is the blind races of constructing and maintaining the religious places and structures belonging to various different cults and religious beliefs!
People in abroad would send here lakhs of dollars for their religious monuments than for the schools , colleges , drinking water and sanitisation , etc.
But , only this kind of society suits the politicians and they were programming us in alike way 😔.
Only doing a job and working responsibly would make our nation ' A Great Nation' 🤗
Quality of Life matters.... And its just one life, enjoy the best of your time regardless of whichever country you opt to live in. Afterall it's we humans who created borders and boundaries.
right quality of life ke liye des ko loot lo fir bhag javo
@@Ashokkumar-ux6zv yehi baat desh ke neta aur udyogpati logo se bhe poochiye.
@@alihabib7712 tumko kisne kaha ki neta or udyogpati alag hai in gaddara se
@@Ashokkumar-ux6zv mehnat kar ke paisa kamaya hai.... loota kaha hai? free me koi paisa nahi deta.... hamne cheez becha logo ne paisa de kar kharida... hamne profit kia
@@Ashokkumar-ux6zvchal be.
Pehle reservation pe baat kar
Content of the video is really insightful. Thanks for the effort that you are investing to create such content. 👍
You are not mentioning the elephant in the room. You can have 100 crore in bank but can your child breath healthy air? Would you like your 6 month old child to breathe air in Delhi? Can you take a walk in Patna suburban after 11 PM?
If indians and chinese are leaving their country then it says a lot about the governments in these countries.
bro chinese do business in abroad, every big city have china town , but indian do jobs
Ek bhai kahe rahe the ki
Itne heavy taxes ke bad bhi Government se facilities kya milti hai? At least hospitals aur shiksha to us sthiti me honi chahiye ki sare bachche Government schools me hi jaye aur Government hospitals me quality ilaj bina lambi lines ke ho.
Upar se primary se leke higher education me reservation, Job se leke promotion me reservation, Government jobs ki competitive exams me bhi fees ka rate dekho open candidate ka, Government yojnao se leke petrol pump avantan me bhi reservation.
Fir open category bachche higher education leke videsho me hi settled honge aur unke parents bhi unke pichhe wahin jayenge ya dusro ko bhejenge.
Sabko saman adhikar aur avsar nahi milega to disatisfaction badhega
Still ghatiya will be ghatiya mentality of baman
@@perpetuallearner8257 ghatiya wo hote hai jo dusro ka haq marte hai, avaidh kam karte hai, dusro ko ghatiya kahete hai.
U don't exactly sound like a HNI...
@@justchillin_ Ji bas 2 companies hai meri chhoti chhoti aur 4 MNCs me kam kiya tha before starting business. I am not a big man like you.
Two sectors where aggressive growth has backfired post-Covid is:
Edtech & QSR: After the Covid fear vanished, people switched over to the erstwhile affordable service providers. In case of edtech, subject specific ‘sirs’ and for fast food favourite roadside dhabas. It shows ultimately that customer is the king and cannot be taken for a ride by coining slogans.
Really confused right now whether to move to US or not. I'm 28, doing a job right now and earning ~19LPA. My company can move me to US and might offer ~90k usd
Hearing from most of the people now a days that India is best country to live in right now, that's why not very motivated to move to US. Of course there are other reasons as well, like US healthcare system sucks and in US as well we need to pay high taxes, gun crimes in US. Please guide Akshat what step shall I take
Crimes are everywhere. Atleast abroad countries are already developed and u get a good quality life and work life balance .. Not like indian shit managers. Pls move when u can. I missed my train to move 😢
Nikhil, go forward you will be better than what you are earning, even if you work for 3-4 years your life will be settled and your view point and confidence will increase. Go with proper insurance cover you will never regret dont go with indian insurance cover.
The main difference would be culture , one need to decide whether money keeps them happy all the time or is it people around them?
Going for couple of years is ok but selling in USA is ludicrous.
Instead one can live in Dubai or singapore. these places are also near to India.
Dude in your age if given chance you should explore world, culture make friends with other nationalities and enjoy life... All in all go ahead
@@kumarabhishek1064 what culture? Do u really think people in India are all very happy? It's the most depressed country. Joint family is the cause for all fights
You are bang on with your views. This is the reason why I moved out to Australia with my family too.
HI Akshat, Thank you for your great learning videos for learners like us.
I want to know that is there is any good platform where I can study companies from all over globe, like we use in India eg MoneyControl, Finology and Screener. Looking forward to hear from you.
Recently I traveled from Manchester to Jakarta which is 20+ hours flight costed me just 500 pounds.(return)
But from Manchester to India(trv) i never got price below 800 pounds (return)which is less than 15 hours fly
Same goes on with almost all airports.
Indian airports are looting us now a days.
If you are filthy rich and some of the accumulated wealth was acquired without paying proper taxes to a country, I can understand the motivation for some individuals to leave the country. But if you have decent money, I don't see a reason to leave India. If you are wealthy in India, it is so affordable to have a driver and people to take care of household tasks like cooking. It's much more expensive in places like the USA. Just compare the property tax in India versus the USA - there's no comparison. If you need a decent-sized house for a family of 3 to 5, your monthly (yes, monthly) property tax in the USA could be 50,000 to 1 lakh rupees or more. Health insurance premiums could be $1500 or more if you have kids and no support from your employer. A 4-year engineering degree could cost you $100,000 to $200,000, though scholarships can bring the cost down. Now, imagine someone with 2 to 3 kids! Compare the federal, state, county, and community taxes, among others, for an IT engineer making a six-digit salary in the USA with an Indian counterpart. Compare the cost of hiring an electrician for basic one-hour services at your house. What are the chances of a wealthy guy in India painting his house or mowing the lawn? In the USA, it is quite common.
Wonderful statistics. I live in the USA and I agree with you all. Also, in USA there is less community feeling. Friendships are merely transactional...at the best good time at the bar or over beer. India is also becoming like the USA due to financial independence, but still relationships are better in India.
@@eversunnyguydepend on your communication skills
@@eversunnyguy then y r u in usa ??? lol
Nobody wants to pay 20-30% their income as tax .. while they get nothing in return
Correct. They waited for ache din, got fed up and left.
Great video, Insightful. Thank you.
Hi Akshat … can you do a video on taxes of foreign stock investment since you have shown how you invest in apple and Amazon … how do you track their dividends and other notifications … how are the taxes filed … their financial year is Jan to December while ours is April to March … are you liable to pay taxes in the US for gains made in the US ? How do you inform the US government about your citizenship and your taxation status … do you file nil returns in the US
Great video...this might be stupid but I don't understand one thing....if developing countries are growing at a much faster rate than developed ones then why would people invest money in an already developed economy? It's like wouldn't people invest their money in stock that can give them better returns? Is this more to do with stability?
Quality of life, better live somewhere your life matters more than here
“100 crore mese 1-2 hazar tinke kahi gir gaye toh kya farak padta hai nai?”
Akshat brilliant analysis...consumerism based credit growth will never create FAIR WEALTH DISTRIBUTION
This is not true only in India. It’s a global change. Lot of ppl have moved out of China, Japan, Korea also.
These are all the side effects of globalisation and acceptable. Lot of ppl have come to India and settled in remote places coz they like our culture, food, climate etc.
when it comes to money ppl who are concerned about it move to their favourable places.
Ps: my personal opinion
🙂🙏🙏
The flight to Kolkata from Bhubaneswar costs 4.5k normally. And the distance is just 440kms.
yet the Salaries, perks of Judges, Magistrates and judicial staff has also to be paid by the Government. this is written in income tax official website say your wife to leave her job she is taking a lot of tax of the government hence doing some unproductive work for the country.
Love your videos. Can you please make one highlighting the real estate markets in other countries. Like how does it look like in developed countries vs key developing countries.
Problems for well to do people in India are :
1) Jealousy and Communal tension : In India if you are successful ( have a nice house, car, good clothes, good food, etc etc) the bad neighbors will cut your water supply, electricity, gang up and harass you etc.
Then add the caste, religion factor to it and it gets worse.
This situation is everywhere from neighborhoods, markets, gov offices etc.
2) High tax and High levels of corruption :
From getting licences, to permissions, to bribes , then discrimination , than bullying by local politicans or thier stooges etc.
great content and analysis. can you also do a video on how AI and the recent ChatGPT/Bard LLM models will impact indian economy and jobs in both formal/white collar and informal/unorganised sector
so true
one of the most genuine video out there.
Id migrate to any of the European countries make descent money n invest the money made in Indian stock market the taxes are for real sky rocketing man 😮
Absolutely a fantastic video.
Don't think only along economic lines, stay in India because it's our Motherland. Already I have seen old parents whose children are abroad, suffering in silence. Children abroad think sending money every month is the only thing that matters and that parents should be grateful for that. Our lives are political, economical, religious, emotional, rational, irrational everything. To always just stick to economics and it's numbers doesn't satisfy the soul and creates a constant state of anxiety which at a macro level would be unnecessary. As one great soul said, Don't bring mathematics too much into your life. 🙏
our parents are not saints either... they play emotional blackmail game with us to keep us in this broken country.... either come with us in developed country or stay back in India
I'll also settle abroad, I can see the situation of corruption, pollution, religion and taxes are getting worse day by day 😢
Just do it
India has its own pros and cons for HNIs. This is because large population income thershold is below taxable income. so top 5 % people have to bear more burden. The way india is moving with digital payments and more people comes under income tax umbrella HNI burden will get less, But It will take atleast one decade or more. India has its benefits also for HNIs like they get food and grossery at affordable price, they get house maid for dishwashing , house cleaning, drivers, full day babysitter, security, cooks, etc. which they cant afford in developed countries unless they UNIs.
Most cars as affordable as developed countries , like BMW, VW, TOYOTA, Hyundai, JLR etc. In india you are paying one time in 15 years for registration of vehicle where as outside inida you have to pay every year for the registration of vehicle. Most developed countries any surgery with government medical facility , you have to wait for 6 months to 3 years in queue for you number. Dentist are way costly than india. Its not all rosy what you are thinking from India.
What? Income tax burden is just increasing slowly and slowly. Cars are affordable ? A BMW 3 series will cost you almost 70 lac on road in India, the same car is around 32-38 lacs in most developed countries. The annual registration is not full registration, it's a tiny fee. Cars in India are among the highest taxed in the world now.
Govt. healthcare doesn't exist in India for anyone who is not willing to stand in queues for a day, most people end up paying out of pocked to private healthcare centers which are again no way cheap in India now. Except, ability to hire maids, cooks etc. India is more costly now compared to most developed countries due to taxes and black money.
are you living in India or abroad ?
Well summarised..
In essence technology will take over all inefficient busi esses .. this is the reality and will keep happening
not only rich but middle class also leaving india.
I travel regularly between Netherlands and U.K. 1 hr flight. The cheapest I get 200 gbp … 20000 RS
Your advices work for the current financial system which is based on debt. What if the financial systems are changed?
Changed to what? IMO the System will always be debt based. An equity based system requires immense trust and transparency. Otherwise the economy grinds to a halt.
@@SanyamAgarwal94 you don’t have any idea about what is going on.
i use to fly mumbai jamnagar and always pay 10,000 to 11,000 Rs for 800 KM
Already lot of brain drain is happening in India b'se of low quality life( high pollution, traffic etc ) N crushing taxation ( 30 percent + 18 to 28 % GST) .
Besides taxes for middle class, middle class have to work long hours in offices/establishments/factories. (Under pretext of cost cutting) The fixed working hour rules are only on paper. Because we the beasts of burden have to finance inappropriate social welfare schemes of political system. Which makes Indian economy as oppressive/exploitative. And this will continue for generations to come.
Since India is a growing economy, we are churning out more HNIs than we are loosing..that is a fact…only 2% of HNIs have left India but HNI population is expected to grow by 81% in next 5 years.😃 Even UK has lost over 1500 HNIs recently. One needs to have a holistic view before forming an informed opinion.
Just wait and watch, what is going to happen with India soon lol
very soon this 2% will shoot up to 25%
Taxes in India are high however it's no less in other countries especially in the US. Plus other expenses and inflation is rocketed too. Let's look at both sides and migration decisions are more emotional rather logical
@_Helpline.-bot 🤖
I pray to live in India all my life.
As an IITian from the 90s I could have jumped off to the States (and still have the chance), but I dont want to leave Bharat
I also used to give the same reasons for not migrating to another country as you. Emotional reasons. Now I regret it.
I think the benefit of paying tax in India makes India's cost of living affordable compare with other countries.
E.g. farmers subsidy helps them to save cost on production, etc, etc.
I agree that there are a lot of leakages in this system.
What are your thoughts?
Brother u just can't help the genZ understand this...India is growing at 7.2%, with inflation at 4.25%, but they are willing to move to a country which growing at 0.5%, with inflation at 7%
well if was a hni i would move abroad because i would not want my taxes to ministers to buy fortuner. no matter what corruption wont end for decades here
For middle or upper middle class there is no reason to stay in India except emotional reason
Lol 😂. I lived in USA for 12 years and returned to India for good, last year. I feel life 23:34 in India is much more better than in any foreign country. Currently I’m living in a Tier 2 city, hence very less pollution.
But I too feel metro life in India is disgusting 🤮
Hahaha I love the HNI title used here, trolling the haters in their face :)
Hi Akshat please analyse impact of European carbon tax in stock market.
As the government policy is to feed its beaurocrats and politicians, for this they have to levy heavy taxes and duties on citizens. They have to follow 7th pay commission and 8th paycommission and corruption. We have to work for these people
our country has to develop asap to be able to provide quality education and healthcare. till then its on us upper middle class to bear the financial burden. Hopefully by the time I retire I'll be happy about my decision of not leaving my developing country.