Japan in shock as India set to overtake Their Gdp ranking in 2025

[Alex]

The Indians harp about their alleged $4 trillion economy and their 3/4th ranking in the world.
They forget one simple factor. Massive unequal distribution of wealth. They have many dollar billionaires. Which distort the facts completely.
It is natural that with 1.4 bn customers, any company which produces a regular-use item could become a billionaire very fast. And their owners would hoard huge wealth very fast. That naturally creates further unequal distribution of wealth.
One Indian analyst said that India's per capita income is $2700. The top 10% earns 57% of its GDP. If you remove the 57%, for the rest of the 90% of the population, their 43% share would mean their per capita is $1300, which is worse than sub-Saharan Africa.
Therefore, in a nutshell, 90% of Indians, i.e., 1.26 bn people, have living standards that are worse than the poorest Africans.
It is said that 1bn Indians have absolutely zero purchasing power. They can't buy anything apart from their basic necessities. and in the case of 806 m, they can't afford grains to satisfy their nutrition needs.
The Government of India's food security programmes (there are two main such schemes) cover 75% of the rural and 50% of the urban population.

A country where 75% of people in rural areas and 50% of people in urban areas can't feed themselves, trying to shout that they are rich and the world's 4th largest economy, shows delusions of the very highest order.

Only shameless Indians can make such brazen claims.

 

[Sam6536]

The Indians harp about their alleged $4 trillion economy and their 3/4th ranking in the world.
They forget one simple factor. Massive unequal distribution of wealth. They have many dollar billionaires. Which distort the facts completely.
It is natural that with 1.4 bn customers, any company which produces a regular-use item could become a billionaire very fast. And their owners would hoard huge wealth very fast. That naturally creates further unequal distribution of wealth.
One Indian analyst said that India's per capita income is $2700. The top 10% earns 57% of its GDP. If you remove the 57%, for the rest of the 90% of the population, their 43% share would mean their per capita is $1300, which is worse than sub-Saharan Africa.
Therefore, in a nutshell, 90% of Indians, i.e., 1.26 bn people, have living standards that are worse than the poorest Africans.
It is said that 1bn Indians have absolutely zero purchasing power. They can't buy anything apart from their basic necessities. and in the case of 806 m, they can't afford grains to satisfy their nutrition needs.
The Government of India's food security programmes (there are two main such schemes) cover 75% of the rural and 50% of the urban population.

A country where 75% of people in rural areas and 50% of people in urban areas can't feed themselves, trying to shout that they are rich and the world's 4th largest economy, shows delusions of the very highest order.

Only shameless Indians can make such brazen claims.

India being the world’s 4th largest economy refers to total GDP not per capita income. These are two different metrics used globally by the IMF and World Bank.

On poverty, the World Bank’s revised 2022–23 estimates show extreme poverty in India at about 5–6% which is down from over 27% in 2011, meaning around 250–270 million people were lifted out of extreme poverty in a decade, this is one of the fastest reductions in history.

On inequality, India’s consumption Gini coefficient has improved to ~25.5 (2022–23) according to official data and international comparisons, making it more equal than many “rich” countries.

The claim that “1 billion Indians have zero purchasing power” is flatly contradicted by looking at some crucial facts:
India has near universal electricity (≈99.5%, World Bank), the world’s second largest smartphone market, and the largest real time digital payments system (UPI) handling billions of transactions monthly none of which is possible without mass purchasing power.

As for food security, public distribution coverage reflects a welfare state safety net, not even the US and EU run huge food and farm subsidy programs. India undoubtedly has poverty and inequality, but data from the World Bank, NITI Aayog, and NFHS clearly show rising living standards, falling multidimensional poverty, and expanding basic infrastructure.

So dismissing a $4-trillion economy as “delusion” is gross oversimplification. GDP factors in your national strength, if you want to look at qualitative factors look at HDI, GNP etc.

 

[Alex]

India being the world’s 4th largest economy refers to total GDP not per capita income. These are two different metrics used globally by the IMF and World Bank.

On poverty, the World Bank’s revised 2022–23 estimates show extreme poverty in India at about 5–6% which is down from over 27% in 2011, meaning around 250–270 million people were lifted out of extreme poverty in a decade, this is one of the fastest reductions in history.

On inequality, India’s consumption Gini coefficient has improved to ~25.5 (2022–23) according to official data and international comparisons, making it more equal than many “rich” countries.

The claim that “1 billion Indians have zero purchasing power” is flatly contradicted by looking at some crucial facts:
India has near universal electricity (≈99.5%, World Bank), the world’s second largest smartphone market, and the largest real time digital payments system (UPI) handling billions of transactions monthly none of which is possible without mass purchasing power.

As for food security, public distribution coverage reflects a welfare state safety net, not even the US and EU run huge food and farm subsidy programs. India undoubtedly has poverty and inequality, but data from the World Bank, NITI Aayog, and NFHS clearly show rising living standards, falling multidimensional poverty, and expanding basic infrastructure.

So dismissing a $4-trillion economy as “delusion” is gross oversimplification. GDP factors in your national strength, if you want to look at qualitative factors look at HDI, GNP etc.

Selective, very selective.

Indians are way poorer than Pakistan, whom you call beggars. That's the point I want to make. GDP in some cases is not the correct reflection of how better or worse off the population really is. The better measurement is done through GNI.
These are the figures of GNI for both India and Pakistan.

Country
Most Recent Year
Most Recent Value

India
2024
126,427

Country
Most Recent Year
Most Recent Value

Pakistan
2024
174,464.69

That's how much the Indians per capita earn in a year, compared to Pakistan. So who is the beggar?

 

[Eşbah]

Have the Japanese recuperated from their shock?

 

[Lionheart]

Selective, very selective.

Indians are way poorer than Pakistan, whom you call beggars. That's the point I want to make. GDP in some cases is not the correct reflection of how better or worse off the population really is. The better measurement is done through GNI.
These are the figures of GNI for both India and Pakistan.

Country
Most Recent Year
Most Recent Value

India
2024
126,427

Country
Most Recent Year
Most Recent Value

Pakistan
2024
174,464.69

That's how much the Indians per capita earn in a year, compared to Pakistan. So who is the beggar?

Alex, why don't you please check your data again?

India's per capita GNI (2650$) is almost 80% more than Pakistan's (1430$).

 

[nang2]

Inevitable anyway. Japanese should have gotten used to this trend by now.

 

[Watandar]

I doubt this is a shock as Japan's population has declined and its economy stagnant for decades, whereas India has a population 18 times that of Japan and an economy that is rapidly growing.

 

[Thinking]

Alex, why don't you please check your data again?

India's per capita GNI (2650$) is almost 80% more than Pakistan's (1430$).

Stop feeding troll.

 

[Thinking]

I doubt this is a shock as Japan's population has declined and its economy stagnant for decades, whereas India has a population 18 times that of Japan and an economy that is rapidly growing.

Less than 12 times but I agree with rest. Japan has not grown since 90s.

 

[Master Chief]

India being the world’s 4th largest economy refers to total GDP not per capita income. These are two different metrics used globally by the IMF and World Bank.

Both total GDP AND GDP per capita are skewed by ultrabillionaire oligarchs to the point whereby they are highly misleading in India and are a useless reflection of actual general quality of life.

Whichever of the two metrics is used is irrelevant to the argument being made by the previous poster.

Yes I'm no economist...but I can understand the basic mathefkinmatics that total GDPs are not comparable between nations of different populations.

Being the "4th biggest economy" is a function of being the 1st biggest population - in fact, it's substandard.

 

[retaxis]

Although I thanked you for this opinion, the big question is that how much ability US will have by then, especially after their tussle with you guys. I bet they'll not be able to influence significantly enough, neither China, nor us.

hopefully not much looking at their debt, social issues and demographic changes.