How Much Do Indians Make And What Do They Do For A Living? [Mumbai] | Street Interview

TL;DR

Mumbai residents discuss their occupations, average income levels, cost of living, and the challenges they face in earning a comfortable livelihood in the city.

Transcript

do you think it's a matter of capability or luck or opportunity I personally believe in luck I believe in love in love hey bosses it's Kira from Asian Bost you must have watched popular videos online about people being asked what they do for a living in rich places like New York but have you ever wondered what people outside of us do for a living f... Read More

Key Insights

• 🙈 Luck is seen as an influential factor in determining one's financial success or opportunities in Mumbai, alongside capability and opportunity.
• 🫒 Mumbai has a significant wealth gap, with a significant percentage of the population struggling financially or living in poverty.
• 👪 Inflation has affected transportation costs and daily living expenses, making it more challenging for individuals and families to manage their finances.
• 🧡 The cost of living in Mumbai is high, with monthly rents ranging from 25,000 to over a lakh depending on the location.
• 🤑 Many Mumbai residents believe that the government should take steps to reduce the cost of living, increase taxes on the super-rich, and address income disparity.
• 🤪 While some consider going abroad for better financial prospects, others believe that India's growing economy offers ample opportunities for success in the long run.
• ✋ The high cost of living and financial constraints make it difficult for the average youth to pursue their dreams and passions, such as a career in painting.

Questions & Answers

Q: How much do average Indians earn in Mumbai?

The income of average Indians in Mumbai can vary greatly, with some earning around 50,000 rupees per month while others may make several lakhs per annum.

Q: What is considered an average income for a Mechanical Engineer in Mumbai?

An average Mechanical Engineer in Mumbai may earn around four to five lakhs per annum, which is considered pretty average for the profession in India.

Q: How much does one need to earn per month to live comfortably in Mumbai?

To live comfortably in Mumbai without worrying, it is recommended to earn around one lakh to one lakh fifty thousand rupees per month.

Q: Is it possible for the youth to buy a house in Mumbai?

The youth may find it challenging to buy a house in Mumbai due to high property prices, inflation, and financial constraints unless they have significant financial support.

Summary & Key Takeaways

• Mumbai residents from various professions, such as acting, banking, analytics, and entrepreneurship, share their occupations and income levels.

• The average income in Mumbai varies depending on the profession and experience, with some earning around 50,000 rupees per month and others making several lakhs per annum.

• The cost of living in Mumbai is high, with monthly expenses ranging from 20,000 to 1.5 lakhs, depending on the desired lifestyle and location.