Tuesday, January 26, 2010

Waste not want not


The decision to buy a product or a service should be based not only on one's ability to afford it but also on whether one really needs it and whether or not it is worth the price one pays for it.There are people who buy new clothes almost every month. What a sheer waste of money. Think of the several ways in which this money could have been put to use productively. Let's try to do a small analysis here by taking a reasonably appropriate sample size.


Let's take the software/IT/ITES junta in India who are notorious for their excessive consumerism. As per NASSCOM, the number of people employed by the BPO, IT/ITES industry in India is around 25 lakhs. Let's assume half of this population spends Rs 300 every month unnecessarily. That's almost 36 crore Rupees. Per month !! In the hands of a good NGO, just imagine how much good Rs 36 crore can do every month ! In a country like India where more than half the population lives on less than Rs 20 per day, this kind of waste is criminal. Absolutely criminal.


Just extrapolate this analogy to the other well-to-do sections of Indian society and try and work out the colossal amount of money that is getting blown up every single day on parties, booze, movies, clothes, food to name a few. It boggles the imagination.

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