India Economy Thread

Waz said:
Wherever they do that no one goes. Hence why their forums are dead, graveyards see more activity.
Anyway, I hope things get better for everyone in Asia.
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True I see everyone as human beings. I wish the best for everyone.
 
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Muji.Iqbal said:

Half of the world’s poor live in just 5 countries​

January 09, 2019
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Half of the world's poor live in five countries's poor live in five countries


Of the world’s 736 million extreme poor in 2015, 368 million—half of the total—lived in just 5 countries. The 5 countries with the highest number of extreme poor are (in descending order): India, Nigeria, Democratic Republic of Congo, Ethiopia, and Bangladesh. They also happen to be the most populous countries of South Asia and Sub-Saharan Africa, the two regions that together account for 85 percent (629 million) of the world’s poor. Therefore, to make significant continued progress towards the global target of reducing extreme poverty (those living on less than $1.90 a day) to less than 3 percent by 2030, large reductions in poverty in these five countries will be crucial.



However, we mustn’t lose sight of the numerous other countries with high poverty rates. As poverty projections to 2030 for these five countries reveal, uneven outcomes are likely (see figure 2). When projections are based on countries growing in line with past growth rates (the regional average over the last ten years), extreme poverty in India and Bangladesh approaches zero by 2030 but extreme poverty in Nigeria, DRC, and Ethiopia remains quite elevated. The uneven progress across these 5 countries is indicative of the broader uneven progress globally. An outcome where extreme poverty is nearly eliminated throughout the world except in one region, sub-Saharan Africa, certainly does not portray a picture of a world free of poverty. As emphasized in the Poverty and Shared Prosperity Report 2018, we should go beyond the focus on reducing the global poverty rate to below 3 percent and strive to ensure that all countries and all people can share in the benefits of economic development.

Half of the world’s poor live in just 5 countries

Of the world’s 736 million extreme poor in 2015, 368 million—half of the total—lived in just 5 countries. The 5 countries with the highest number of extreme poor are (in descending order): India, Nigeria, Democratic Republic of Congo, Ethiopia, and Bangladesh.
blogs.worldbank.org blogs.worldbank.org

Even Pakistan does not make the list for having a large amount of poverty.
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But that's in absolute numbers, it should be ranked as %age of population for an accurate representation.
 
Muji.Iqbal said:
Come on, don't sugarcoat. India has 24% of the world's poor.

Even the poverty definition of poverty in Pakistan and India is different.
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The article is from 2019. Thats like 5 years ago. Since there was pandemic, its models and figures are not really relevant or even useful.

India's social indicators are remarkably better than Pakistan.. Those would be impossible if India had worse poverty compared to Pakistan.

www.worldometers.info

Life Expectancy by Country and in the World (2026) - Worldometer

List of countries and dependencies in the world ranked by life expectancy at birth, both sexes, males and females. World Population Life Expectancy with historical chart
www.worldometers.info www.worldometers.info
Indian live about 5 years more than Pakistani.

India's infant mortality rate is less than HALF of Pakistan. 25 vs 54.

India's literacy rate (59% in 2019) is 10-15 percentage points lower than India (76%).

Muji.Iqbal said:
India has a more easier going definition of poverty than Pakistan has.

Pakistan has less poverty than India has.
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This is patently false.

UBS global wealth report shows :

India's MEDIAN wealth per adult is USD 3750
Pakistan has merely USD 2076.

90% of adults in Pakistan have wealth less than 10,000 dollars, while 76% of adults in India have wealth less than 10,000 dollars.

Overall Indians are richer than Pakistan.

Pakistan also does not have any reliable poverty headcount data beyond 2018 for income poverty. That excludes any increase in poverty since pandemic or recents year long double digit inflation. Simply put, we do not even know how many Pakistani are poor.
 
AjayGhatak said:
The article is from 2019. Thats like 5 years ago. Since there was pandemic, its models and figures are not really relevant or even useful.

India's social indicators are remarkably better than Pakistan.. Those would be impossible if India had worse poverty compared to Pakistan.

www.worldometers.info

Life Expectancy by Country and in the World (2026) - Worldometer

List of countries and dependencies in the world ranked by life expectancy at birth, both sexes, males and females. World Population Life Expectancy with historical chart
www.worldometers.info www.worldometers.info
Indian live about 5 years more than Pakistani.

India's infant mortality rate is less than HALF of Pakistan. 25 vs 54.

India's literacy rate (59% in 2019) is 10-15 percentage points lower than India (76%).


This is patently false.

UBS global wealth report shows :

India's MEDIAN wealth per adult is USD 3750
Pakistan has merely USD 2076.

90% of adults in Pakistan have wealth less than 10,000 dollars, while 76% of adults in India have wealth less than 10,000 dollars.

Overall Indians are richer than Pakistan.

Pakistan also does not have any reliable poverty headcount data beyond 2018 for income poverty. That excludes any increase in poverty since pandemic or recents year long double digit inflation. Simply put, we do not even know how many Pakistani are poor.
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Indians are richer because India has a population of 1.42 billion people vs. 252 million Pakistanis. lol.

So naturally we will be less.
 
AjayGhatak said:
Percentages do not work that way.


The figures are in percentage and per adult wealth.
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No, you are wrong. You don't have to teach me basic mathematics.

With such a huge population you are bound to produce some rich people like Ambani.

Those outliers.
India has 6 times more population than Pakistan has.

India has more land, and natural resources, so in raw net amount India will do better in some human indices. This should be a given.

So please cut the crap.

India's HUGE population of 1.42 billion people drives the Indian economy, which is bound to be larger than Pakistan's.
 
Muji.Iqbal said:
No, you are wrong. You don't have to teach me basic mathematics.

With such a huge population you are bound to produce some rich people like Ambani.

Those outliers.
India has 6 times more population than Pakistan has.

India has more land, and natural resources, so in raw net amount India will do better in some human indices. This should be a given.

So please cut the crap.

India's HUGE population of 1.42 billion people drives the Indian economy, which is bound to be larger than Pakistan's.
Click to expand...
Medians are NOT outliers. Medians are not affected by outliers.
 
AjayGhatak said:
Medians are NOT outliers. Medians are not affected by outliers.
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Do you even know basic economics?

India has the world's largest consumer market of 1.42 billion people. This will drive the economy up.

Seriously go get an education1
 
hussain0216 said:
India has mass poverty, then you have hundreds of millions who will beat poverty by 1 dollar

India is more concerned about fudging the numbers then reality

Much of Indias so called success is simply because it has a massive population of 1.4+ billion

The vast majority of the rest of the world is multiple times smaller then india in population, the UK for example with a population of approx 65 million is 20-30 times smaller then india
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Same can be said about China
 
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