Watched this speech by MP Hukumdev Narayan.
It reminded me of this conversation between me and my friend K. K is an economist studying for his PhD.
We were at a bar near the university.
Me : Why do you think Americans spend so much money on alcohol
K : Americans spend money on travel, alcohol and girls. Indians on the other hand like to save up.
Me : But.. that saved money has to be spent eventually...
K : You have to save for emergencies in India.
Me : hmm... but I don't think, medical or other emergencies are that big of an expenditure most of the time. Where does the money go ?
K : Food ? ... Nope.
Me : Weddings!!
K (laughs) : Yeah. Fat Indian Weddings.
Me : Yes. There should be a law on expenses in weddings.
K : There should be a law imposing restrictions on expenses in general.
It reminded me of this conversation between me and my friend K. K is an economist studying for his PhD.
We were at a bar near the university.
Me : Why do you think Americans spend so much money on alcohol
K : Americans spend money on travel, alcohol and girls. Indians on the other hand like to save up.
Me : But.. that saved money has to be spent eventually...
K : You have to save for emergencies in India.
Me : hmm... but I don't think, medical or other emergencies are that big of an expenditure most of the time. Where does the money go ?
K : Food ? ... Nope.
Me : Weddings!!
K (laughs) : Yeah. Fat Indian Weddings.
Me : Yes. There should be a law on expenses in weddings.
K : There should be a law imposing restrictions on expenses in general.
