Latest news with #Akshat
News18
an hour ago
- Business
- News18
Financial Expert Calls India A Land Of Business Opportunities
Last Updated: Akshat Shrivastava shared some interesting facts about how wealth is growing in India compared to other countries. India is rapidly evolving, especially in the world of business. With a surge in entrepreneurship, more people are starting their own ventures and building wealth. Recently, Akshat Shrivastava, YouTuber and founder of Wisdom Hatch, shared some compelling insights on India's growing economic landscape. According to him, while India still has fewer billionaires and millionaires compared to global giants like the US and China, the pace at which new billionaires are emerging paints a promising picture. It reflects the expanding business opportunities and the dynamic nature of India's startup and investment ecosystem. 'India has roughly 250 billionaires, just half that of China (which has roughly 520 billionaires). But, the data is very interesting for millionaires (in USD): The US has 22 million millionaires (25X that of India), China has 6 million millionaires (7X that of India), India has 850K millionaires," Akshat wrote on X (formerly Twitter). He pointed out that billionaires are being created faster than millionaires in India. 'One could become a millionaire from a job. But, it is unlikely that one would become a billionaire from a job. India is a land of business opportunities, not necessarily job opportunities," he wrote. Take a look at his post here: A user commented, 'India is a land of big opportunities. People are mostly focused on jobs that too low-paying. Start-ups and many a businesses get started to take Govt subsidies and cheap loans that seldom get repaid. For others, long-term vision, no handwork, no research and ultimately they fail." Another said, 'Fair, but India is still early in its wealth cycle. A decade ago, we had around 200K millionaires, today it's 850K. Much of the new wealth is tied up in unlisted startups, family businesses, and real estate, which global data often misses. Also, it doesn't make sense to compare India with the US or China, very different timelines, markets, and maturity levels." 'It probably has a lot to do with the growing startup culture, with companies becoming unicorns quickly — and also failing just as fast," a person shared. An individual said, 'India doesn't lack ambition. It lacks systems that scale ambition. Until startups > Sarkari (government) jobs in mindset and money, this gap will stay." Another comment read, 'That's a telling stat, India's billionaire boom is outpacing its millionaire growth, and that says a lot about the nature of wealth creation here. Jobs might get you comfort, but businesses are what bend the curve." The World Wealth Report 2025 by Capgemini Research Institute noted that India added over 33,000 new millionaires in just one year. The number of High-Net-Worth Individuals (HNWIs) in India grew by 5.6 per cent, reaching 378,810, which is up from around 345,000 in 2023. First Published:
Hindustan Times
3 days ago
- Science
- Hindustan Times
JEE Advanced 2025: IIT-Kanpur zone topper's mother left home to be with son at Kota hostel
Akshat Kumar Chaurasia (Common Rank List 6), the IIT Kanpur zone topper in JEE Advanced 2025, acknowledged the sacrifice of his mother who left the comfort of her home and decided to shift with her son to Kota to be his pillar of support, shielding him from the stress of competitive exams. 'A lot of credit for my success goes to my mother, Vaishali Chaurasia, who happily came to Kota to stay with me in the same hostel, which many will not find comfortable enough. But hats off to her that she stayed there. I would like to thank my father, Manoj Kumar Chaurasia, who never objected to it. Had they not taken such a bold decision for my study, this would not have been all that easy. My father works at Oriental Insurance as a senior divisional manager,' said Akshat of Varanasi. Akshat wants to study computer science at IIT Bombay. 'I believe, for the time being, technology will rule the world. From Artificial Intelligence (AI) to robotics, the world will see technology finding precedence over everything. I think we will see many more exciting things in the future. I am looking forward to studying at IIT Bombay. It has been a dream since I was in Class 9,' he said. Akshat, who passed Class 12 with 98% marks, cracked the JEE Main and Advanced exams in his first attempt. 'It is not very difficult to pass Class 12 and crack the competition if a child is determined to strike a balance between the board exam and competition. Physics, chemistry and mathematics were looked after by teachers in coaching. The rest of the subjects were looked after by school,' he said. Akshat's elder sister is a software engineer in Pune. She did B Tech from IIIT Bhagalpur. Chirayu Jain (AIR 28) from Indore stood second in IIT Kanpur zone. His success mantra was to study consistently. Shreyas Lohiya (CRL 68) from IIT Kanpur zone wants to pursue computer science either from IIT Bombay or IIT Delhi. Though Shreyas hails from Prayagraj, he appeared in the Class 12 board examination from Lucknow. His father Gajendra Lohiya works at the Doordarshan Lucknow centre and mother Vandana Lohiya is a homemaker. A native of Mathura, Krishna Agrawal (AIR 75) is among the top five from Kanpur zone. He appeared in the board exams as a student of Loyola International and JEE, both from Lucknow. 'After school, I used to go straight to my coaching institute. I (also) did self-study at home. Happy to crack the exam in the first attempt. I would like to study computer science either from IIT Bombay or IIT Delhi,' he said. Prayag Tiwari (AIR 112) was also from IIT Kanpur zone. Harshita Goyal (AIR 434) is the topper among women candidates from IIT-Kanpur zone. A resident of Ujjain, Goyal wants to study computer science from any of the top five IITs. 'I am happy to be a topper among women candidates (in IIT-Kanpur zone),' she said. Advay Mayank of Delhi Public School Noida has secured AIR 36 in JEE Advanced 2025. He wants to study computer science, either from IIT Delhi or IIT Bombay. The family is weighing both options. A resident of Indirapuram, he said he attended coaching for three years from Class 10 onwards. In the CBSE Class 12 exam this year, he scored 99.2%. 'Those preparing for next year's exam should practise more and take mock tests seriously as these teach you better time management and how swiftly one can finish writing answers and move to the next one,' he said. His mother, Dr Aditi Sinha, is a paediatrician, and father Mayank Kumar is a marketing professional. .
Hindustan Times
06-05-2025
- Hindustan Times
Man, 23, dies in hit-and-run in Western Express Highway
MUMBAI: A 23-year-old motorcyclist died in a hit-and-run accident on Western Express Highway in Borivali East on Sunday evening. The police registered are trying to trace the driver who fled after the accident. The deceased was identified as Akshat Singh Bisht, a beauty salon's manager in Malad. Around 2pm on Sunday, he was riding his bike on the North bound carriageway towards home when an unknown vehicle hit his bike in Borivali East and fled, a police officer said. Passersby rushed Akshat to the Dr Babasaheb Ambedkar Hospital in Kandivali (East) where he was declared dead. Niraj Bisht, 28, Akshat's elder brother, was informed by the police. 'Akshat was offered a job only two days ago and he was very happy,' Niraj said. The Kasturba Marg police have booked the accused driver under Sections 106 (a) (culpable murder not amounting to murder) of the Bharatiya Nyaya Sanhita and relevant sections of the Motor Vehicles Act for rash and negligent driving. 'We are scanning through the CCTV footage to identify the vehicle involved,' said a police officer.
Time of India
22-04-2025
- Business
- Time of India
Gold climbed, stocks soared, real estate boomed. Then who could not make money? Akshat Shrivastava has an answer
Gold prices have rallied to Rs 1 lakh per 10 gram amid global uncertainty, weakening dollar, and US-China trade tensions. Silver has also gained, hitting Rs 95,562/kg. Indian stock markets have also recovered from their recent lows. Now, finfluencer Akshat Shrivastava tweeted about who really made money during this time and reminded everyone about the cost of inaction. Finance educator and content creator Akshat Shrivastava recently took to X to share a sharp reflection on investment trends and missed opportunities. Highlighting how different asset classes have surged in value over the years, he pointed out that investors who remained active in any form—be it stocks, gold, real estate, or even Bitcoin—have likely seen gains. According to Akshat, those who may have missed the gold rally could still have profited through other means, such as equities or property. Similarly, anyone who didn't catch Bitcoin's rise or the post-2020 stock market boom still had avenues like real estate or precious metals to grow their wealth. The key takeaway, he emphasized, is that opportunities were abundant—but only for those who acted. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Car Novels Undo So, who truly lost out? Akshat says it's those who stayed on the sidelines, keeping their money idle in cash. In his words, the most overlooked risk isn't in volatile investments—it's in doing nothing at all. He concluded with a thought-provoking quote: 'Holding stocks in the short-term is risky. Holding cash in the long-term is definitely riskier.' His post served as a reminder that inaction, not volatility, often poses the greatest financial threat. — Akshat_World (@Akshat_World) How did the internet react? His post triggered varied responses online. One disagreed, arguing that new investors may be misled into risky decisions without proper research, claiming that while cash depreciates, it's still safer than uninformed investing. Others backed Shrivastava, calling cash a silent wealth killer and emphasizing the importance of diversification, long-term investing, and taking calculated risks. One shared, 'Yes, always invest for the long term. Gold has been less returns than equities in the past.' Propelled by this month's rally, Indian stock markets have staged a strong recovery. Benchmark index Sensex was today quoting near 80,000 levels, up from its 52-week lows of 70,000. The index is less than 10% away from its all-time highs of 85,978. According to Knight Frank, India has demonstrated remarkable resilience amidst a volatile geopolitical and economic environment in early 2025. Despite external challenges, including geopolitical conflicts and supply chain disruptions due to the still evolving tariff environment imposed by the US, India's economic fundamentals continued to remain relatively strong. This undercurrent of economic stability and growth is also reflected in the strong occupier activity seen in the Indian real estate market, it said.
