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 | Productย โขย 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
โผ๏ธ 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...ย โขย 9m
๐ 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
See More
0 replies6 likes
Arun Bairagi
Serious Thinkerย โขย 3m
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%.
0 replies4 likes
PRATHAM
ย โขย
BeatStarsย โขย 1y
Germany is way ahead than India than You Thinkโผ๏ธ
The news and social media has ruined the minds of people and somewhat brainwashed them by not revealing the truth. No doubt India is 5th largest economy but in top 10 economy list India has the lowest