India Economy Thread

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An economy based on buying , not selling

1775990322068
 
Noida is burning over wages.

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Meanwhile Pakistan unskilled factory worker earn Rs40k PKR. Same worker in Noida Rs34k PKR. You look at GDP per capita figures and would think India will have higher minimum wage. Not to forget Pakistan population growth is double that of India and still manage to pay more minimum wage.

Meanwhile andhbakhst sanghis are blaming Pakistan for protests.
 
"India is amongst the top 10 countries with highest wealth inequality."I earn ₹11,500 per month and I'm not able to afford a simple bicycle in 6 months. While my bosses are buying new BMWs and other imported cars worth crores regularly"

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hydrabadi_arab said:
Noida is burning over wages.

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View attachment 192300

Meanwhile Pakistan unskilled factory worker earn Rs40k PKR. Same worker in Noida Rs34k PKR. You look at GDP per capita figures and would think India will have higher minimum wage. Not to forget Pakistan population growth is double that of India and still manage to pay more minimum wage.

Meanwhile andhbakhst sanghis are blaming Pakistan for protests.
Click to expand...

The 34k PKR figure you're using is was the pre-protest number. The government raised the minimum wage to ₹13,690, which at current exchange rates is closer to PKR 45,000+, marginally above Pakistan's floor. The people protested and the government was forced to raise the minimum wages within 48hrs.

I'll give you the legitimate part of your argument - yes, India's GDP per capita is higher than Pakistan's, and our floor wages being in the same ballpark is a genuine policy failure. Growth isn't reaching the bottom. That's a fair criticism and Indians should be angry about it, which is exactly why thousands came out on the streets.
 
Sam6536 said:
The 34k PKR figure you're using is was the pre-protest number. The government raised the minimum wage to ₹13,690, which at current exchange rates is closer to PKR 45,000+, marginally above Pakistan's floor. The people protested and the government was forced to raise the minimum wages within 48hrs.

I'll give you the legitimate part of your argument - yes, India's GDP per capita is higher than Pakistan's, and our floor wages being in the same ballpark is a genuine policy failure. Growth isn't reaching the bottom. That's a fair criticism and Indians should be angry about it, which is exactly why thousands came out on the streets.
Click to expand...

More like Rs41k PKR at current exchange rate. Looks like Noida workers will finally get Pakistan minimum wage after burning down city. BTW in few months Pakistan will again rise minimum wage with budget announcement. Rs40k PKR is for 2025.
 
hydrabadi_arab said:
Looks like Noida workers will finally get Pakistan minimum wage after burning down city.
Click to expand...
I wouldn't call torching of a few vehicles and vandalising a factory "torching" the city. Sure the traffic was bad for a few days in the affected sectors.
hydrabadi_arab said:
BTW in few months Pakistan will again rise minimum wage with budget announcement. Rs40k PKR is for 2025.
Click to expand...
From what I read online your figure seems frozen for now (25-26) at 37K Pkr.

When you adjust for actual cost of living, India's GDP per capita on PPP basis is $12,200 compared to Pakistan's $6,951. That means an Indian worker's rupee buys significantly more. A high number on paper means nothing when inflation has eroded real income.
 
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Sam6536 said:
I wouldn't call torching of a few vehicles and vandalising a factory "torching" the city. Sure the traffic was bad for a few days in the affected sectors.

From what I read online your figure seems frozen for now (25-26) at 37K Pkr.

When you adjust for actual cost of living, India's GDP per capita on PPP basis is $12,200 compared to Pakistan's $6,951. That means an Indian worker's rupee buys significantly more. A high number on paper means nothing when inflation has eroded real income.
Click to expand...

All these PPP are BS numbers. 1$ buy more or less same in both countries.
 
FHN said:
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Click to expand...


I broke this news last couple of months ago. Even now IMF overestimate 2026-27 GDP as its unlikely to cross $4t with rupee crashing.
 
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Air India loss $2.4bn in FY ending March 2026.

Air India losses post OP Sindoor are unsustainable. They though Pakistan air space will open again like in 2019 Abhinandan debacle .
 
India export 2.5 billion iphone component yo china

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India falls to 6th largest economy behind UK​

The drop in ranking is possibly due to the recent revision in base year due to which the nominal GDP has been revised downward. The depreciating rupee has also played its role in the fall in India’s ranking
India economic growth


GDP growthEdit
Dipak Mondal

16 Apr 2026, 2:30 am

India has fallen below the UK in size of the economy to sixth place according to the latest IMF estimates for 2006. As per the April global economic outlook of the IMF, India is likely to end 2026-27 with a GDP size of $4.15 trillion, below the UK’s $4.26 trillion. The drop in ranking is possibly due to the recent revision in base year due to which the nominal GDP has been revised downward. The depreciating rupee has also played its role in the fall in India’s ranking.

India had surpassed the UK in 2022-23 to become the fifth largest economy in the world, and was slated to become the fourth largest economy by 2025-26. However, the latest government GDP estimates released in February show that the nominal GDP of the country has declined from the Rs 357 lakh crore in the old series to Rs 345.5 lakh crore in the new series. At an average exchange rate of Rs 87 for FY26, India’s GDP in dollar terms would fell short of $4 trillion.

“The change in the rank reflects new base year of GDP where nominal GDP is lower than old base GDP by 4%. Further rupee depreciated against the dollar by 11% in FY26. The combination resulted in the GDP ranking revision,” says Gaura Sengupta, chief economist, IDFC First Bank.

A query sent to secretary, Ministry of Statistics and Programme Implementation (Mospi), Saurabh Garg, remained unanswered at the time of filing of the report.

Earlier, chief economic advisor to government of India V Anantha Nageswaran has said that based on current projections, India is expected to cross the $4 trillion-mark comfortably in 2026-27, although relative global rankings will depend on external factors.

www.newindianexpress.com

India falls to 6th largest economy behind UK

India has fallen below the UK in size of the economy to sixth place according to the latest IMF estimates for 2006. As per the April global economic outlook of
www.newindianexpress.com www.newindianexpress.com
 
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