India Economy Thread

[Baibers_1260]

Inequality index of India. Key points from the World Inequality Index report

https://wid.world/www-site/uploads/2024/03/WorldInequalityLab_WP2024_09_Income-and-Wealth-Inequality-in-India-1922-2023_Final.pdf

• Wealth concentration: According to a 2017 Oxfam report, the top 10% of the population held 77% of the national wealth, while the poorest half of the population held only 1%. Other reports place the top 1% wealth share at 40.1% in 2022-23.
• Income concentration: As of 2022-23, the top 1% of Indians received 22.6% of the national income.
• Poverty and healthcare: An estimated 63 million Indians are pushed into poverty each year due to healthcare costs.
• Extreme earnings disparity: It would take a rural minimum wage worker 941 years to earn what a top executive at a leading Indian garment company makes in one year.

Factors contributing to inequality

• Uneven economic growth: Economic growth has not been inclusive, with the incomes and assets of the top 10% growing significantly faster than those of the poor.
• Social stratification: Existing inequalities based on class, caste, and gender have been amplified by economic policies.
• Education: Wealthier families can afford higher education, including for their children to study abroad, while many poor families cannot.
• Healthcare costs: The financial burden of healthcare expenses is a major driver of poverty.

 

[Mighty_Dragon_Strike]

According to some, since india didn't "bend the knee" to Fuherer Trump, we are not going to see a deal anytime soon. According to IMF, we will lose 0.3% percent GDP growth. Also, inflation is record low. So nominal growth is not going to touch 10% this year. Good for PCI though. We are easily clocking 5.5% or more annual growth on that front.

can you even define GDP, let alone making sense out of its interpretation?

your problem is not GDP BTW given the size of your population!

 

[Baibers_1260]

can you even define GDP, let alone making sense out of its interpretation?

your problem is not GDP BTW given the size of your population!

Ask @Thinking to explain why India's per Capita GDP is one quarter of Mexico .

 

[Thinking]

can you even define GDP, let alone making sense out of its interpretation?

your problem is not GDP BTW given the size of your population!

What....what? Define Gross domestic product?

You understand the difference between size and growth, right?

What..what again? Others understood it all too well. Actual GDP growth, nominal, inflation..all that jazz.

 

[CallSignMaverick]

Strange :
Indian rupee is weaker than the Afghan currency despite "8.2% growth " and $4 trillion economy.
Could anyone explain please?
@Thinking @Guynextdoor @vasanthm @SoulSpokesman @Vikramaditya1 @Vkdindian1 @Sam6536
@Yasser76 @Master Chief

View attachment 162453

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Many countries weaken their currencies to maintain export competitiveness, while other issues include current account balance, some major world events, dollar index and all. L ragebait.

Ask @Thinking to explain why India's per Capita GDP is one quarter of Mexico .

Mexico is right next to USA, the biggest consumer market on earth and gets to export a lot of it to them. No brainer.

 

[onlinpunit]

Strange :
Indian rupee is weaker than the Afghan currency despite "8.2% growth " and $4 trillion economy.
Could anyone explain please?
@Thinking @Guynextdoor @vasanthm @SoulSpokesman @Vikramaditya1 @Vkdindian1 @Sam6536
@Yasser76 @Master Chief

View attachment 162453

View attachment 162454

Sad life !

 

[Thinking]

Many countries weaken their currencies to maintain export competitiveness, while other issues include current account balance, some major world events, dollar index and all. L ragebait.

Mexico is right next to USA, the biggest consumer market on earth and gets to export a lot of it to them. No brainer.
View attachment 162470

What exactly are you on to? It's like asking what Pakistan's PCI is almost half of India now or why Nepal, Bhutan or BD are poorer than India or how India will catch up to Sri Lanka in few years? This is called economics. Mexico paid attention to economics like milking the giant next door.

Is Iran asking why Pakistan's PCI is 1/3rd of us? Why America's PCI is 6 times that of China? Weird question!

 

[Mighty_Dragon_Strike]

What....what? Define Gross domestic product?

You understand the difference between size and growth, right?

What..what again? Others understood it all too well. Actual GDP growth, nominal, inflation..all that jazz.

so, whats the difference between size and growth?!
May i ask

BTW, we started from definition of GDP!

great going, AI troll!

 

[Baibers_1260]

What....what? Define Gross domestic product?

You understand the difference between size and growth, right?

What..what again? Others understood it all too well. Actual GDP growth, nominal, inflation..all that jazz.

Country GDP per Capita (Nominal USD 2024 )Comparison to India :

• India. - $2,672
• Mexico. - $13,965
• Sri Lanka - $4,187
• Maldives $18,684.
• China $13,810
• Bangladesh $2820
• UAE. $49,378
• Kuwait. $13,804
• Saudi Arabia. $35,280

It would be interesting to do a Purchasing Power Parity comparison with India also

 

[Mighty_Dragon_Strike]

What....what? Define Gross domestic product?

You understand the difference between size and growth, right?

What..what again? Others understood it all too well. Actual GDP growth, nominal, inflation..all that jazz.

Interesting topic you have chosen, can you differentiate between geometric/lognormal growth, harmonic and airth. growth?!!!

and

whats the difference between time and $ weighted returns!
keenly waiting for your response!

lets see, how financially sane you are!

 

[Thinking]

so, whats the difference between size and growth?!
May i ask

BTW, we started from definition of GDP!

great going, AI troll!

Da .....? Are you seriously asking me about the difference between two? This thread was all nice with me posting news till you guys popped in? Atleast "debate" something intelligent.

P.S: Size is "GDP". Growth is how much you add to it annually.

 

[Baibers_1260]

@Thinking

Comparison of Purchasing Power Parity of India with Mexico:

 

[Mighty_Dragon_Strike]

Da .....? Are you seriously asking me about the difference between two? This thread was all nice with me posting news till you guys popped in? Atleast "debate" something intelligent.

P.S: Size is "GDP". Growth is how much you add to it annually.

whats the difference!
Im not asking for dictionary meaning!

Im looking for your interpretation of numbers!

 

[Thinking]

Interesting topic you have chosen, can you differentiate between geometric/lognormal growth, harmonic and airth. growth?!!!

and

whats the difference between time and $ weighted returns!
keenly waiting for your response!

lets see, how financially sane you are!

I am an ex IITian ffs. Are you joking me with lame s..t like geometric/logarithmic growth? I can only pretend last one is "arithmetic"...I am not a "finance" or statistic guy. But I understand math. I don't need to understand stats. I do finance all too well with my job and my stock investment.

This is what happens when you can't debate about what was presented so your change the goalpost! So I have to "understand" weighted returns to grasp the idea of GDP, real growth, nominal growth, inflation etc.?

 

[Thinking]

whats the difference!
Im not asking for dictionary meaning!

Im looking for your interpretation of numbers!

yeah..Read again. I just did. We are not discussing philosophy here. But clearly you are here to just argue for the sake of it.