deepakraam
Deepak Narayanan
This is time to think abt this q.I agree that IT is one field that changed the face of India in the global arena.It has increased the avg salary of the teenagers.It has increased the avg consumer spending.These all look good.But getting a step fwd will reveal the exact picture.First and foremost is the huge spike in the rentals and cost of the buying a house.Houses worth 20lakhs, 5 yrs ago are now trading @ 50 lakhs.Even the rentals of the houses are nt affordable for even the IT ppls also.Currently no one is able to buy a house for less than 40 lakhs even in outskirts of the cities.After metros the current movement of IT companies to Tier-2 cities is causing the same prblm.Slowly, the rate/sq foot are raising in T-2 cities.House rate never seem to abate in the recent future.No wonder abt the increase in the no.of vehicles in the streets which ultimately leads to the increase in fuel consumption.Already oil is quoting @ $126/barrel.The increase in salary esp in IT field is compensated by the high rentals,fuel prices and inflation.So the % of savings is gng to remain the same as it was before IT came into picture.The bad seem to overtake the good.
Is IT good or Bad?
-Deepak.
Is IT good or Bad?
-Deepak.