India is 5th largest economy in the world
But why India's Nomial per capita income Ranking stands at 136th place
What's the problem
2 replies5 likes
Armaan Nath
Startups | Product • 1y
Unfiltered thoughts (5/5)
There are 3 types of India:
India-1
~Population of 110 Mn
~Per capita income of $10k
~Buys from Flipkart, watch Netflix, drink Starbucks coffee
~Contributes to 40% of India GDP
~Fluent with English
~35Mn credit card users
‼️ Why they even make such a weird comments on GDP , why not talk about per capita income ?
What's your views guys , how big Indian GDP can be ?
2 replies4 likes
Sanskar Agarwal
| Building - kidzkap... • 10m
🌍 India and China: The Middle-Income Trap Challenge
The recent World Development Report 2024 by the World Bank sheds light on a crucial issue: the "middle-income trap." This is a scenario where countries, after reaching a certain level of economic
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0 replies6 likes
Arun Bairagi
Serious Thinker • 4m
Number of people earning more than 1 crore per year in India, according to the Income tax department.
India with a population of 1.4 Billion has more than 54% of teens and youth.
India has a working population of 500M - we are still exam-driven not skill-driven.
Even with all government reforms, India is the most challenging country to build a busi
India in coming 10-12 years-
- Size of economy - from $3.8 trillion to $10t
- Per capita income- from $2500 to $6000-7000
- Discretionary spending- from $500-600 to $3000
- Infra spending- from $200-250b to $650-700b
- Equity Investors- 5-6% to 15%.