Nominal doesn't say anything about the living conditions. 5 time richer by dollars is of no value. Compare GDP per capita by ppp. Things I buy in China are twice costlier than in India.
you are telling me with, say like, USD50 you can buy 30 big Macs while in China you can only buy 15. The difference is when you are eating a big Mac combo, you are more likely seeing the revolting sights of human/animal wastes outside of an indian Macdonald than anywhere else on earth. So dont be jumping yet on the delusions of ppp of your economy. The use of ppp to evaluate the wholesome welfare of a country is limited. ppp is not a biblical guide for all. Get It?
Over 37% of your schools dont have electricity and your country is in constant power crisis.
Your railways, bridges, buildings are crashing / collapsing.
You annual deficit budgets are living off NRI remittances and loans.
You have tons of resurging and deadly diseases haunting you in a big way due to nationwide filthiness and neglect of personal/public hygiene in india.
Your kids were dying because of lack of O2 in public hospitals
Even in big cities like Bombay, roads are frequently flooded like rivers in each monsoon seasons
Your suicidal rates of your farmers hit the guiness book of records.
You are one of the top three countries where reporters/journalists get murdered.
Even when dead, your ppl cant have the last dignity where stray animals like dogs and rats are feasting on the corpses.
You have rampant and highly digusting cases of R and D constantly.
You have lost your position as call-center of the world to the Philippines
Vast number of your university graduates are unemployable and some 800 engineering schools are closing down ...
We still have sizeable poor folks like in the ball park of 60 million(?!)
We pride ourselve the best amongst developing countries in eradicting poverty. Where is india?
China has almost wiped out urban poverty. Now it must tackle inequality
China has lifted more people out of poverty than anywhere else in the world: its per capita income in increased fivefold between 1990 and 2000, from $200 to $1,000. Between 2000 and 2010, per capita income also rose by the same rate, from $1,000 to $5,000, moving China into the ranks of middle-income countries. Between 1990 and 2005, China’s progress accounted for more than three-quarters of global poverty reduction and is the reason why the world reached the UN millennium development goal of halving extreme poverty. This incredible success was delivered by a combination of a rapidly expanding labour market, driven by a protracted period of economic growth, and a series of government transfers such as the above urban subsidy, and the introduction of a rural pension.
https://www.theguardian.com/busines...19/china-poverty-inequality-development-goals
Poor wouldn't even describe it.
, well said. As humans we should ensure our fellow humans live a dignified life.
