look news india
There is often a debate among the youth who dream of going to a foreign land and getting a job, whether it is better to earn lakhs by staying in India or going to America and getting a package worth crores. Meanwhile, an Amazon software engineer has shared a post on social media, which has rekindled this old debate. He has presented a comparative analysis of India’s annual package of Rs 40 lakh and America’s huge package of Rs 1.9 crore (about 2.25 lakh dollars). Since this revelation, it has become a topic of discussion in the tech community that which of the two options is better in terms of lifestyle and savings.
Shocking mathematics of tax, lifestyle and expenses
This Amazon engineer has explained in detail that the package of Rs 1.9 crore received in America may seem huge at first glance, but the huge taxes, health insurance, expensive rents and daily life expenses there are many times more than in India. In contrast, a package of Rs 40 lakh available in India can lead to a luxurious and comfortable lifestyle even after taxes are deducted, because here local expenses, maid, children’s education and social support system are quite affordable and strong.
Who is winning on the savings and mental peace front?
The analysis also emphasizes that the uncertainties of visas in America, the long wait for green cards and the constant fear of losing jobs cause mental stress to the professionals there. In comparison, working close to one’s family in India not only provides mental peace, but the savings percentage is also equal or better in many cases. In today’s time, when India’s tech ecosystem is becoming stronger at the global level, there are immense opportunities for career growth within the country for talented youth.
Big lesson for tech professionals and youth
This comparison is an eye-opener for new software engineers and tech students looking to go abroad. Before getting attracted by the big salaries of America just on the basis of currency conversion, it is very important to understand the cost of living and social fabric there. This insightful post by an Amazon engineer has proved that money is not everything, but quality of life and mental peace also matter equally.