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As the founder of Wisdom Hatch, I am building India's biggest investment community on www.wisdomhatch.com, where I combine my passion for teaching and entrepreneurship. I have over 10 years of experience in strategy, management consulting, and education, working with leading organizations such as BCG, Next EdVentures, and the Government of India. I have helped launch and grow several ventures in the education sector, such as www.MyMBAJourney.com, which supports students applying to top MBA programs abroad. I am proud to have mentored hundreds of students who have landed at world-class universities such as Harvard, INSEAD, Wharton, MIT, and Columbia. I am also a mentor at UN Sustainable Development Solutions Network – Youth, where I contribute to the global goals of education, innovation, and social impact.
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A 6000 Litre water tanker used to cost 500 in cities like Bengaluru. Now, it costs around 800. That's 60% inflation in 1 year. You feel poor because the cost of essential items have gone up like crazy. - Medical inflation = 14% - Kid's education easily 15-20% - Even your mobile bill is likely to go up 20% this year. And, the primary reason is corruption. If you step back and think: you should not even be paying for a water tanker to begin with. Water seems like a basic right when people are paying massive taxes. Similarly, if you have been paying direct taxes for years: you should expect free (or subsidized) quality education for your kids. But, all this money goes to political corruption. You can swing around any number: that we will become 10Tr$ economy or whatever. Fact is: it does not matter. What matters is: the access to necessary services at an affordable price. Your salary will continue to grow slower than growth rate of necessary services. And, this makes people poorer.
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