bro, as per in post#21, its the only 31% Middle Class of India who drive Manfacturing & Service sector of India.
more than 60% population of India is based on agriculture and they might having Per Capita income compared to agriculture countries like Nepal.....
I would say, India is "self sufficient" for Its wide range of industries with countries like Russia. India-Russia-Iran dont have to trade with US-NATO
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Buddy, I don't know how to say this to you
Most INDIANS ARE IDIOTS
if any country in the world had a open door immigration policy towards India, they would make their country into a Indian slum with street shitting and communal violence and the rest of it
This is more to do with the selective immigration process
If you carefully select the most educated or competent of a country with over 1.4 billion people and bring many of them over on specific educational or work visa with waiting jobs then the outcome is not a result of that countries people but more because you only selected a tiny competent and educated, motivated minority and left the rest of the 1.4 billion street shitters at home
here we find GDP on PPP per capita of India at $11,112 as compared to Agriculture countries like Nepal at $5,348 and Myanmar at $5,206 .
List of countries by GDP (PPP) per capita - Wikipedia
here we find Middle Class of India is estimated at nearing 31% , as below in the article
How the middle class will play the hero in India's rise as world power
Imagine desi companies easily growing into global biggies supported by vast domestic scale. Growing disposable incomes, along with the rise of the middle class, will make India a consumption powerhouse.
hence i would say, 31% Middle class of India would be having income more than $20,000+ on PPP while remaining more than 60% population of India, mostly based on agriculture, would be having per capita income close to Agriculture countries like Nepal and Myanmar, listed at $5,348 and $5,206 respectively ......
while its also true that GDP of developing countries have a large share of 'undocumented' part of GDP also. the ratio of GDP we dont document to measure true picture of Per Capita Income as in case of developing countries
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