The NRI guilt trap: why high salaries abroad don't always create wealth
Many NRIs earn in dollars but struggle to build wealth as family obligations, emotional guilt and social expectations drain savings and delay financial independence.
Many NRIs earn in dollars but struggle to build wealth as family obligations, emotional guilt and social expectations drain savings and delay financial independence.
New Delhi: The World Bank raised India’s FY27 growth forecast to 6.6% from 6.5% estimated in January, citing reduced US tariffs and the anticipated benefits of upcoming free trade agreements. These factors are expected to cushion the impact of weaker external demand stemming from the ongoing Middle East conflict. Economic growth, however, is projected to…
Global stock markets saw a sharp downturn earlier this year, but Dalal Street has begun to show strong resilience recently. In this backdrop, PL Capital increased its Nifty 50 target to 27,019, while cautioning that the prolonged West Asia crisis and impact of the mega El Nino year can play a “spoil sport”. The Nifty…
Shares of Kalyan Jewellers India rose another 4% on Tuesday, extending their five-session rally to 50% and adding over Rs 18,200 crore to the company’s market value, as analysts continued to see further upside. The stock climbed to Rs 531 apiece, taking the jewellery retailer’s market capitalisation to over Rs 54,800 crore. The sharp rally,…
Apropos of ‘The climate conundrum’ (ET, Oct 9), Mukul Sanwal rightly suggests that developing countries should lead in setting the agenda for global technological cooperation.
The Old Fox of Dalal Street has been on a dream run since the past couple of weeks. On Friday, most stocks that he had been steadily building up positions in figured among key gainers of the day. State Bank of India shares hit a new peak of Rs 2,879.95, before closing at Rs 2,849.40,…
Argentina’s players are staring down a possible FIFA action after a Falklands-themed banner surfaced on the pitch during their wild 2-1 semi-final win over England in the Semi Finals. The two-time defending champions is scheduled to play against Spain for the title, but the incident has reopened a decades-old political wound right in the middle…