A good thing about the winter smog in Gurgaon is that you do not see most of Gurgaon. It is an ugly, dismal city and home to some of the richest Indians. Now and then, in the winter, I see its most famous residential building standing in the smog. People tell me that some flats there cost ₹100 crore each. For no fault of mine, a few days ago, a broker sent me a news clipping that said a 16,000-square-foot penthouse in the building sold for ₹190 crore. That apartment building makes me chuckle, especially when I see it in the smog. I chuckle in my head. I don't think anyone chuckles aloud when they are alone. But I don't know yet why it is funny, at least not very clearly. Maybe it is because the building reminds me that the experience of being super-rich in India is one of the most overpriced things in the world.
In the best areas of London or New York, you pay a premium for what the city offers, and what the city offers is available to everyone. In India, it is the opposite. The city is the problem, and you pay to shut it out, along with most Indians. I wonder what it is about money that it does not help one escape the miseries of this country—the air and traffic congestion of its vast urban cancers that keep growing. Could class have helped them? Class is many things, and for an Indian, it is also the ability to be at home in the West, enduring its alien food and surface equality of all. Even though the world has changed, even though new money does not aspire to class anymore, there is plenty of the good life that can come only with class.
Denne historien er fra December 23, 2024-utgaven av Mint Kolkata.
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Denne historien er fra December 23, 2024-utgaven av Mint Kolkata.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Services exports save the day for current account in Sep quarter
A rise in services exports helped narrow India's current account deficit (CAD) in the September quarter, although this marked the second consecutive quarterly deficit after hitting a surplus in the final three months of FY24.
Le Sutra to focus on artisanal offerings
Founder Rahul Bajaj said the company is targeting a 25% revenue increase by 2028 as part of its growth strategy
UltraTech to acquire minority stake in Star Cement
Leading cement producer UltraTech Cement on Friday said it will acquire a minority stake of 8.69% from the promoters of Meghalaya-based Star Cement in a deal worth up to ₹851 crore.
Rupee falls to record low as dollar bids spike
The rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, while the sharp fall led to panic dollar buying by importers.
JSW Neo to acquire O2 Power; EQT and Temasek to exit
The transaction entails acquisition of O2 Power Midco Holdings and O2 Energy SG, and is subject to customary nods
Escorts Kubota's ride is bumpy amid demand concerns
Escorts Kubota Ltd continues to grapple with the challenges of weak export volumes and subdued construction equipment demand.
Rural-urban consumption gap shrinks in 2023-24
The monthly per capita consumption expenditure rose to ₹4,122 in rural areas and ₹6,996 in urban areas
India's Textile Exports: A Silver Lining as Trade Deficit Widens
Experts attribute this growth to govt policies, trade deals, and adoption of new technologies
A Visionary
Former prime minister Manmohan Singh's tenure (2004-2014) witnessed significant reforms that profoundly impacted India's economy, governance, and social infrastructure. His reforms focused on pressing issues such as poverty alleviation, education, healthcare, and corruption. Mint takes a look at the key reforms that reflect Singh's enduring legacy.
Steering Indian Economy: One Journey Ends, Another Continues
The journey that started in 1991, though interrupted a few times, continues today