The youth of India spends money they don't have to play status games.
Multiple people making <ā¹50k ($600)/mo in their 20s are buying
ā iPhone & other Apple products (on interest)
ā Coldplay / Dua Lipa concerts
ā trips to Thailand / Vietnam / Goa
Th
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Havish Gupta
Figuring OutĀ ā¢Ā 5m
That's why spending in USA is so high. India has a lot to grow in terms of per capita spending and earning
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%.
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
Mahendra Lochhab
Content creatorĀ ā¢Ā 9m
India's per capita paint consumption is only 3.8 liters, compared to a global average of 15 liters. That's a whopping 75% less! Plus, the price per liter in India is 61% lower than the global average.
Why all loss making companies will get profitable now?
Well this would happen when people's income would start increasing and they would start spending more.
But is this happening? Look Below
GDP Per Capita (source: google search result)
2012: $14
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9 replies7 likes
Nawal
Ā ā¢Ā
SELFĀ ā¢Ā 11m
ā¼ļø 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
Aryan patil
Ā ā¢Ā
Monkey AdsĀ ā¢Ā 1y
Usa vs India: populace invest in stock market
Usa : 55% (18.33cr)
India : 3% (4.25cr)
We just need +10% = (18.42cr) and we'll be at the top #1 in terms of numbers...
š” See this , USA arrested one more indian businessman for exporting items indirectly to Russia .
Meanwhile - They are earning billions from war , seriously we should boycott USA in every posible way
