Nabhya Enterprise

02/03/2026

07/02/2026

https://youtu.be/0XFxgNR1oGc?si=qxjzHnS-3kpHuqO_

In this podcast, we have a detailed and wide-ranging conversation with Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Co. Ltd, where we di...

05/02/2026

*Salaried Middle Class is doomed again*

For the 1st time in the post-independence era,
Personal income tax (PIT) collections surpassed corporate tax (CIT) in FY 2023-24.

In FY24-25, PIT collections stood at ~₹11.82 lakh crore, while CIT was ~₹9.86 lakh crore.

The top 1% owns 40% of the wealth.

Yet earners above ₹10 crore contribute less than 5% to total PIT collections, while the salaried class contributes more than 90%.

The middle class & the poor are affected the most due to taxes, suffering under GST and heavy personal taxes.

And it shows in data:

India’s household savings slipped to a new low for the 3rd consecutive year, falling to 18.1% of GDP in FY24.

On the other hand, household debt rose to 6.2% of GDP – almost twice as much as ten years ago.

More middle-class Indians are borrowing to meet their everyday needs.

If this is not a curse of being middle class, I don't know what it is.

24/01/2026

09/01/2026

07/01/2026