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Software engineer in USA can drive Benz but in India a software engineer like me can only dream to drive Benz. Here are some facts,
India being preferred destination for outsourcing, not only for software but for BPO, KPO. These days Indian Software engineer are getting decent salary of 40 thousand (US 1000$) as average, despite the fact of low cost of living in india, Still driving Benz is a dream reasons,
/1\ Most of the new house buyers are software engineers (almost 40%), increasing house prices, and there by increase in demand. Bankers are increasing home loan rates. The fact is almost all house buyers take Home loan (first preference goes to easy and fast application processing). Home loan gives advantage to software engineer in terms of getting tax claim of Rs. 1 lack on principle amount and Rs. 1.5 lack on interest amount. This makes them ideal deal for getting home and also getting tax benefit. Other side is this reduces their monthly income, and my dream of driving Benz changes to drive Skoda.
In USA, tax is a must, whatever in hand you are getting it is after deduction of tax, and there cars and petrol is cheap, and he starts driving a car, not branded but he started and I still dream of it.
/2\ Most of Software engineers in India mix up with investment and insurance, making market players also present them policies like that, eg ULIP. In USA, most of them treat investment and insurance as different aspects. Benefits, Their insurance is cheaper compared to us. Most of us are paying monthly installment or half yearly installment, this again reduces my net income and my dream of driving Skoda changes to drive Maruti cars.
/3\ Most of software engineers in India are most responsible and many of them driving their families taking all responsibilities. This includes finance, health and relationship, This makes his routine and narrows thinking level. This has indirect effect on professional growth, As most of software engineers mix up professional life and personal life. Most of Software engineer in USA gets hourly paid, he has little time to mix up personal life and professional life.
/4\ Considering Indian growth story and great road to go ahead. With 9% GDP rate, I am sure software engineer in India can drive Benz in next 5-10 years.
Despite of recession fears avg salary will be US$2000 here. and days will come that I drive Benz.

Add on your thoughts and views.
Bhagwat

4 comments

Devranjan said... @ March 25, 2008 at 1:43 AM

Dear Mama
Welcome to Blogosphere. But I just wonder why should software engineers drive Benz in India. What extra do they contribute? Why software engineers are so special? They are the most ordinary of the people in India. And there are so many of them. Look at so many people who don't have decent house, dont get to have decent meals. Look at farmers who commit suicide year by year. Look at so much of poverty around. What India needs at the moment is a more inclusive growth. Do the software engineers need to drive Merc Benz?

NeoMorph said... @ March 26, 2008 at 8:05 PM

True - India badly lacks inclusive growth. Time has come where you can see palace-dwellers on one side and slum-dwellers on other side of road.
Anyway, I liked the analysis. It was about a immaterialized dream, rather than ethical bonanaza like -- 'should do' or 'not to do'. Nice try to find out why 'most ordinary of the people in India - (but) getting decent salary' can't fulfill their dream. Despite the fact that their dream needs only money; and they are least bothered about putting their money for welfare of downtrodden people around.
Alas! None dreams about 'Simple living, High thinking'??!! :(
Bhagwat, Go on wearing the thinking cap.

Nishz said... @ March 27, 2008 at 2:37 AM

yeah ,,,,sudhir

prakash Pimpale-Patil-Ukkalgavkar said... @ March 27, 2008 at 10:21 PM

Nice blog.And good analysis of what does prevent an Indian S/w engg from driving a benz.But I am fully in support of the two comments by devranjan & neo. India really needs inclusive growth. i don't remember the exact figures but the contribution to the GDP from Services sector is 6o%+ and that from the manufacturing & textile which needs the most of the human resource is 20%+ and farming has poor contribution less than 10%. And we all know that 60%+ population is directly agri dependent and other remaining are industry dependent and only 13% human resource is there in services industry which brings this 60%+ of the GDP. Thats dangerous for any economy(this is my personal openion ,I am not any economist).But as I understand if only two ppl in a family of 10 are bread earners and if they unfortunately die the family has no option other than being a begger.So we should try our level best to have every one included in the development. I am aware of the situation that the economical situation is not so worst that we will need to beg. But look ahead of time there are many challenges before us.
Hope we together try this happen.
Jai Maharshtra!

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