Though he manages a team of software developers, Rubin thought he'd be one or two rungs higher on the career ladder by now. And he missed his goal of making a six-figure salary by the time he hit Like others who earned their degrees nearly a decade ago, Rubin graduated into the worst economy the nation had seen since the Great Depression. Unemployment was skyrocketing, and many newly minted grads had a tough time finding any kind of job, much less starting on a career path. That's the largest drop in the survey's year history.
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Given that these income estimates are based on self-reported data, it is likely that they understate true incomes, especially in the case of top earners. One way to adjust for the under-reporting is to look at the extent of discrepancy between the aggregate household disposable income estimated by the survey and the one reported in the national accounts, and adjusting for that discrepancy by blowing up the income estimates from the survey. These savings figures refer to the surplus income of households, part of which tends to be used for non-financial investments. The distribution of wealth in the country may be even more skewed than that of savings. Unsurprisingly, the proportion of top earners investing in equities and bonds, and purchasing insurance, is much higher than the all-India average. A singular trait of top earners in India is vehicle ownership, suggests the survey data.
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Over 1, Indians and a total of 16, students from different nationalities who had completed their studies between January and July were surveyed to understand their experience of studying in the UK, their satisfaction with their education and their current jobs. According to the latest immigration statistics released by the UK Home Office, there has been a 42 per cent increase in the number of Indian students going to the UK for studies. A delegation of senior representatives from 20 UK universities is currently in India to engage Indian stakeholders to understand the vision and priority areas of the Indian government, governing bodies and higher education institutes to assess the role UK universities and the country can play to further strengthen the relationship and identify shared priorities for future collaboration particularly in education and research. This story has been published from a wire agency feed without modifications to the text.