The youth of India spends money they don't have to play status games.
Multiple people making <₹50k ($600)/mo in their 20s are buying
— iPhone & other Apple products (on interest)
— Coldplay / Dua Lipa concerts
— trips to Thailand / Vietnam / Goa
Th
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Havish Gupta
Figuring Out • 6m
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 creator • 10m
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.
India at 2035:
- GDP: $4T to $10T
- Per capita: $2.5K to $6K
- Discretionary spending: $3K
- Stock Market capitalization: $10T
- Annual Infra creation: $250B to $600B
Which sectors to ride India story?
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
•
SELF • 1y
‼️ 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
•
Monkey Ads • 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...