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
Shaswat
Sovereign • 9d
India just hit $4 trillion GDP-but ask yourself this: When was the last time you felt a major economic milestone in your wallet?
We've officially become the world's 4th largest economy, overtaking Japan. Cue the celebrations, headlines, and LinkedIn
What is a truth that very few people agree with you upon?
3 replies4 likes
N K Yadav
INNOVATION , BUSINES... • 1y
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%.