Friday 6 February 2015

Forget an MBA, be a Cab Driver

I am almost forced to write this blog. Just had an interesting conversation with a cab driver outside my office building. School dropout, married.
Quote from the cabbie
"agar yeh aise hi chala toh ek saal mei Mercedes le lunga"
Translation: if this goes the way it is right now, I will buy a Merc in the next 1 year.
How much money does this guy make?
  • Earning per day - per car: INR 3500/ $66 (after fuel cost of 10 rides)
  • He owns a fleet of 3 cars (old Tata Indigo's). So the daily earning goes to INR 10,500 per day ($175)
  • Multiply that by 30 days a month: INR 3,15,000 ($5250)
Now INR 3,15,000/ month is a salary which even a senior manager won't be close to making every month, in India (Im not generalizing).
Cost to the driver
10 trips from Delhi - Gurgaon - Delhi (average 200kms) daily, is INR 500 ($8) worth of Diesel (fuel).
So, forget the MBA, drive a cab!

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