Latest news with #Joydeep
Time of India
a day ago
- Business
- Time of India
Inflation at 1.55%, but is it time to relax? Why you should plan for your real cost of living, and not trust headline inflation rate
Joydeep has over 25 years of experience in the financial services industry in roles spanning research and advisory. Currently he is on his own, working as a corporate trainer. He has authored four books on fixed income investing and wealth management, which have received accolades from the fraternity. Joydeep writes columns regularly in various financial publications. He is a thought leader in fixed income investing. He runs his own portal Worried about inflation eating into your savings? While official CPI data suggests a moderate 1.55% in July 2025, it's crucial to understand its limitations. The 'base effect' and a generic consumption basket may not accurately reflect your personal inflation rate. This is why you should reach out to a financial planner to help incorporate inflation-related nuances in your financial planning. Tired of too many ads? Remove Ads How is inflation calculated? Tired of too many ads? Remove Ads How should you measure? Professional guidance (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of .) You have heard that inflation reduces the purchasing power of money, which implies you require more money to buy the same amount of goods or services in the future. This is an age-old truth and will remain true in the future as well. Today, we will provide you with some food for thought on how to view gauge inflation, we examine the data reported by the government. The most widely used gauge is consumer price inflation (CPI). Another metric is wholesale price inflation (WPI). We will discuss CPI, as the Reserve Bank of India uses it for policy formulation. The latest declared data is for July 2025, which is 1.55%. With the inflation rate having eased to only 1.55%, does it mean you would inflate your expenses by a more benign number than you thought of earlier? Not examine how inflation is measured and assess the relevance of the data. The rate of price increase is calculated for a defined basket of goods and services. The starting point of the series, which dates back many years to 2012, is set at 100. Over the years, as prices went on increasing, the value of the index increased as well. Currently, the index value is 196.0 in July 2025. Inflation is measured year-on-year: i.e. for July 2025, the index is compared with that of July 2024, which was 193.0, and the outcome is 1.55%. The percentage rise in the index over the course of one year is what is announced, and we react to is a flaw in this method, followed not just in India but all over the world. In this year-on-year computation, the price level of the previous year has a significant impact on the inflation data. Intuitively, when we think of inflation, we think of an increase in current prices. That is, of course, relevant, but the price level of the previous year is as applicable in determining the outcome, e.g., 1.55% in July 2025. This is known as the base effect, where the base (denominator in the equation) influences the data. If inflation was higher in the previous year, and consequently the inflation index was higher, inflation this year is that much lower. And vice other issue is the composition of the basket. Almost half the CPI measurement basket comprises food or food-related items. This would be true for some people who are just above the subsistence level. People who are in a position to save and invest a chunk of their earnings would not need to spend as much on food. The broad issue is that there is only one basket for measurement nationwide. However, the consumption basket of all the 144 crore people of the country is different. It is not possible to have multiple baskets across the country; there are none anywhere in the world. Hence, the available inflation data is the nearest proxy for gauging and incorporating into your financial you look at your consumption basket and measure inflation accordingly. However, it is practically difficult, near-impossible, for individuals to do it consistently. One approach could be to consider the goal you are saving and investing the goal is a child's education abroad, that inflation would be different from the inflation of vegetables in India, a significant variable in the CPI basket. When considering a purchase, such as a house or a car, you can evaluate it accordingly. If you can gather working data on the item you are looking at, you are better off than looking at the generic CPI data of a government-decided with the available data, it is possible to avoid the base-effect flaw by looking at a longer period. As an example, the CPI index was 194.2 in June 2025; the data is available on the website Five years ago, in June 2020, it was 151.8 and ten years ago, it was 123.6. The compound annualised growth rate (CAGR) inflation over five years is 5.05% and over ten years is 4.6%.When formulating your financial plan, it is advisable to seek professional input. If you are doing it yourself, even if you are savvy, you may miss out on specific nuances. An experienced financial planner can guide you adroitly. You must ask your financial adviser the right questions, not only about the expected returns on your the current context, inflation can be managed in tandem with your planner. You can form a rough estimate of your consumption, e.g., X% on food, Y% on education, or Z% on discretionary consumption. Accordingly, you can discuss with your planner the basis for the assumed rate of inflation for your expenses five or ten years from is not under your control. You need not fret over it or plan your consumption basket around it. You are earning, saving, and investing for a reason. Your finances should not go haywire due to deficient planning. Inflation is a cog in this wheel; put the best estimate in your Excel spreadsheet.
Time of India
02-06-2025
- Sport
- Time of India
Adriyan, a new shooting star on the rise
Kolkata: Adriyan Karmakar was seven when his father Joydeep missed an Olympic medal narrowly by finishing fourth at the London Games in 2012. Having watched that event on television, the youngster grew up with a legacy to carry forward. Tired of too many ads? go ad free now Last week, the 20-year-old made a statement by winning two medals — a silver in the 50m rifle prone event and a bronze in the 50m rifle 3 positions — at his maiden ISSF Junior World Cup in Suhl, Germany. Interestingly, Adriyan shot with the same weapon that his father had used at the Olympics. "I started shooting with a different weapon. But shifted to this gun since it is lighter," he stated. "It was a big stage. I am happy, but there's still room for improvement. It was challenging too as I had to adjust to the cold and windy conditions there," Adriyan told TOI on return to the country on Sunday. Wearing a new attire, Adriyan struggled as the leather and canvas of his jacket shrunk in the 2 degrees Centigrade on the match day. The India junior No. 1 shooter put up a good fight against French Olympian Romain Aufrere, who went on to win gold in the 3P event final. "I only came to know about him (Romain) being an Olympian when the competitors were introduced in the final round. But I shot with an open mind," he stated. Shooting came naturally to Adriyan, who picked up the game watching his father at different tournaments and national camps. According to Adriyan, being an Olympian shooter's son has both its pros and cons. "Yes, being my father's son, there's high expectations, but it was also because of him (Joydeep) that the game came naturally to me," he pointed out. Joydeep felt Adriyan's advantage is that he is technically very sound. Tired of too many ads? go ad free now "Adriyan used to listen to all that I used to discuss with my father when he was a kid. He is strong with that knowledge now," Joydeep said. Adriyan himself is also a keen learner. "I have interacted with (Abhinav) Bindra sir, (Jaspal) Rana sir who are all my father's friends. At the same time at Suhl, I went up to talk to coaches of other teams also to learn whatever I can," he stated. A Khelo India gold medal winner in 2022 and 2023, Adriyan aims to make the India side for the Olympics. "Definitely that's the dream, but I have to keep performing," Adriyan said looking ahead.
New Indian Express
20-05-2025
- Sport
- New Indian Express
From shadow shooting to Junior World Cup silver: Adriyan's journey
CHENNAI: The day when Adriyan Karmakar shot silver in prone on his debut at the junior World Cup at Suhl (Germany), thousands of miles away one person was silently admiring his son's effort. It is not easy to be born into a shooting family where a father has left an illustrious trail of records and medals. It's never easy to emulate such a star. 'I am emotional because in 2010 I had won a silver at the same event (but senior) in Sydney,' Joydeep told this daily. Adriyan lost the gold to Sweden's Jesper Johansson by just 0.3 points. Griffin Lake (USA) won bronze with 624.6 points. For Adriyan, who started shooting at seven and competed at the senior nationals three years later (it was allowed by the National Rifle Association of India back then), however, the path he chose was not easy. Father Joydeep was not just an incredible shooter, he finished fourth at the London Olympcis, but is an able master (coach) with a keen eye for talent. Sitting in Bhopal, he was recollecting the day when he had a serious discussion with his son about pursuing the sport. 'It must be when he was around 16 or 17 and it was not a discussion,' he corrected the word and said it was a spat. 'I thought he was not being too serious about the sport and I asked him to quit. I told him shooting is not what you should do. There was a lot of tension and he said that his place was in the shooting range and he shall shoot. I told him if he wants to shoot he has to be serious and I will support him financially, morally and mentally.' Joydeep realised that brought in a kind of transformation in his son. Months later he went on to win at Khelo India Games and worked very hard to improve his game. 'He was mentally in the sport,' he said. Still, Joydeep was not expecting this kind of results from 20-year-old Adriyan. 'I was hoping for a score around 620-624 but a 626.7 off 60 shots should be considered great,' said the father. In fact, Adriyan started shadow shooting in Kolkata and continued with it for quite some time. 'He won a medal without shooting in a range because we did not have one in Kolkata,' he said.
