India has the largest number of poor in the world living below poverty line : World Bank

[Nilgiri]

No surprise, check the clothes market.

View attachment 344485

Yes we are supposed to believe that Hong Kong has way more "clothing demand" than Japan.

Good one. You obviously have not looked at the original EIU report this was taken from and then presented in the pwc report you seem to relish in pasting wherever you fancy. If you did read the original report, you would have realised these numbers concern branded retail and this is under-represented in India tremendously given restrictions on multi-brand retail shops.

It's best to compare total textiles/apparel market size instead of smaller definitions that can vary from country to country.

This figure when taken into general terms is:

The Indian textiles industry, currently estimated at around US$ 108 billion, is expected to reach US$ 223 billion by 2021. The industry is the second largest employer after agriculture, providing employment to over 45 million people directly and 60 million people indirectly. The Indian Textile Industry contributes approximately 5 per cent to India’s Gross Domestic Product (GDP), and 14 per cent to overall Index of Industrial Production (IIP).

The Indian textile industry has the potential to reach US$ 500 billion in size according to a study by Wazir Advisors and PCI Xylenes & Polyester. The growth implies domestic sales to rise to US$ 315 billion from currently US$ 68 billion. At the same time, exports are implied to increase to US$ 185 billion from approximately US$ 41 billion currently.

http://www.ibef.org/industry/textiles.aspx

 

[AndrewJin]

Yes we are supposed to believe that Hong Kong has way more "clothing demand" than Japan.

Good one. You obviously have not looked at the original EIU report this was taken from and then presented in the pwc report you seem to relish in pasting wherever you fancy. If you did read the original report, you would have realised these numbers concern branded retail and this is under-represented in India tremendously given restrictions on multi-brand retail shops.

It's best to compare total textiles/apparel market size instead of smaller definitions that can vary from country to country.

This figure when taken into general terms is:

The Indian textiles industry, currently estimated at around US$ 108 billion, is expected to reach US$ 223 billion by 2021. The industry is the second largest employer after agriculture, providing employment to over 45 million people directly and 60 million people indirectly. The Indian Textile Industry contributes approximately 5 per cent to India’s Gross Domestic Product (GDP), and 14 per cent to overall Index of Industrial Production (IIP).

The Indian textile industry has the potential to reach US$ 500 billion in size according to a study by Wazir Advisors and PCI Xylenes & Polyester. The growth implies domestic sales to rise to US$ 315 billion from currently US$ 68 billion. At the same time, exports are implied to increase to US$ 185 billion from approximately US$ 41 billion currently.

http://www.ibef.org/industry/textiles.aspx

No surprise.
HK clothes market is not an end market, most will be sold to mainland.
If number is underreported in india, then it is even more underreported in China and many other countries.
If one visits China, he/she will know all streets are full of unbranded shops selling clothes.
If you have concerns about the number, better to find more accurate report about clothes, not textile production.

 

[sohailbutt1987]

It will only continue to increase over thr years. modi has reversed gains by respected MMS's government!

 

[Nilgiri]

No surprise.
HK clothes market is not an end market, most will be sold to mainland.
If number is underreported in india, then it is even more underreported in China and many other countries.
If one visits China, he/she will know all streets are full of unbranded shops selling clothes.
If you have concerns about the number, better to find more accurate report about clothes, not textile production.

Hence you can rectify this by posting the total textile+apparel industry size (domestic + exports combined or split) like I have for each of the countries you want to compare....rather than some non-standardised definition data from EIU which captures only a small portion of it and not in an apples to apples way either.

I mean if the figures include what is effectively export for Hong Kong and India exports some 40 billion USD worth of textiles/apparel, how can the domestic demand in India for clothing be 7 billion?

These apparel market sizes seem to be more believable in nominal terms:

https://www.statista.com/statistics/279757/apparel-market-size-projections-by-region/

It will only continue to increase over thr years. modi has reversed gains by respected MMS's government!

Wrong. Poverty continues to decrease in India. Need I remind you that there were gains of only a percent or two in sanitation coverage during MMS admin each year and this has leapt to almost 10% gain yearly in the last couple years by Modi.

 

[AndrewJin]

Hence you can rectify this by posting the total textile+apparel industry size (domestic + exports combined or split) like I have for each of the countries you want to compare....rather than some non-standardised definition data from EIU which captures only a small portion of it and not in an apples to apples way either.

I mean if the figures include what is effectively export for Hong Kong and India exports some 40 billion USD worth of textiles/apparel, how can the domestic demand in India for clothing be 7 billion?

These apparel market sizes seem to be more believable in nominal terms:

https://www.statista.com/statistics/279757/apparel-market-size-projections-by-region/



Wrong. Poverty continues to decrease in India. Need I remind you that there were gains of only a percent or two in sanitation coverage during MMS admin each year and this has leapt to almost 10% gain yearly in the last couple years by Modi.

Purchasing power is clear....you don't buy clothes in PPP.
Same with many products.
Poor people spend most of their money in food.

 

[Nilgiri]

Purchasing power is clear....you don't buy clothes in PPP.
Same with many products.
Poor people spend most of their money in food.

Where am I bringing purchasing power into this? For that I would literally have to look up the specific price levels of clothing and case by case volume basis of various items of clothing....too complicated and I couldn't care less.

I am talking about the total nominal size of the apparel market for a country:

https://www.statista.com/statistics/279757/apparel-market-size-projections-by-region/

and not some fancy limited definition that varies from country to country due to accounting and market restrictions.

Suppose the link does not work, here are the numbers for 2012:

http://wwd.com/business-news/forecasts-analysis/global-apparel-sales-region-10208715/

 

[AndrewJin]

Where am I bringing purchasing power into this? For that I would literally have to look up the specific price levels of clothing and case by case volume basis of various items of clothing....too complicated and I couldn't care less.

I am talking about the total nominal size of the apparel market for a country:

https://www.statista.com/statistics/279757/apparel-market-size-projections-by-region/

and not some fancy limited definition that varies from country to country due to accounting and market restrictions.

 

[Peaceful Civilian]

India is spending big money in military deals and taking dream of two-front war with China-Pak, instead of removing poverty in own country .

 

[xyxmt]

http://m.businesstoday.in/story/ind...g-below-poverty-line-world-bank/1/238085.html

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Oct 17 | 19:03 IST
Home » BIZ WRAP» Economy and Politics » Story
India has highest number of people living below poverty line: World Bank
PTI
Washington, Monday, October 3, 2016 | 10:59 IST

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India has highest number of people living below poverty line: World Bank
India accounted for the largest number of people living below international poverty line in 2013, with 30 per cent of its population under the $1.90-a- day poverty measure, the World Bank said.

India accounts for one in three of the poor population worldwide, the world body said in its inaugural edition of the report 'Poverty and Shared Prosperity', according to which extreme poverty worldwide continued to fall despite the global economy's "under-performance".

"India is by far the country with the largest number of people living under the international USD 1.90-a-day poverty line, more than 2.5 times as many as the 86 million in Nigeria, which has the second-largest population of the poor worldwide," the report said.

India had 30 per cent of its population living below poverty line at 224 million, it said.

Nearly 800 million people lived on less than USD 1.90 a day in 2013, around 100 million fewer poor people than in 2012, it added.

So what, India is the largest arms importer too...take that you Pakistani you!

 

[Rajaraja Chola]

Where am I bringing purchasing power into this? For that I would literally have to look up the specific price levels of clothing and case by case volume basis of various items of clothing....too complicated and I couldn't care less.

I am talking about the total nominal size of the apparel market for a country:

https://www.statista.com/statistics/279757/apparel-market-size-projections-by-region/

and not some fancy limited definition that varies from country to country due to accounting and market restrictions.

Suppose the link does not work, here are the numbers for 2012:

http://wwd.com/business-news/forecasts-analysis/global-apparel-sales-region-10208715/

A made in India tshirt costs 15$ in West while the same tshirt will costs around 5$ or less in India. So how is consumption compared with all the countries.

 

[Nilgiri]

View attachment 344505

Yup seems more reasonable to me than the PWC/EIU figures.

A made in India tshirt costs 15$ in West while the same tshirt will costs around 5$ or less in India. So how is consumption compared with all the countries.

Sounds about right, but it becomes more difficult to compare developing country to developing country without much % trade with each other (in such goods) directly.

Hence I stick to nominal for specific comparisons of industries/sector demands between China and India.

I know its then the worst case scenario for India generally for whatever fraction it will be of China given the ICP results from 2011 overall.

When its direct volume comparisons of a product like TVs and PCs etc, it is the most preferable:

https://www.pwc.com/id/en/publicati...tail-and-consumer-products-sector-in-asia.pdf

Its about the most direct 1:1 comparison that you can get....compared to innaccuracies in both nominal and PPP "dollar" figures, especially if the initial definition is a subset of a larger industry (like was the case in the "clothing" demand posted earlier which was branded retail).

 

[coffee_cup]

Shows how fucked up the region is. But now we need to make more nukes

@Kaptaan : shows where our priorities as a region are

Didn't you want to tell this to India who is spending like dozens of billions $$$ on weapons despite not having an significant threats and triggering an arms race in the region?

Spending instead on poor would have been the right priority.

Just saying, because the report is about India (not to say Pakistan or Afghanistan are doing any better).

 

[A-Team]

Didn't you want to tell this to India who is spending like dozens of billions $$$ on weapons despite not having an significant threats and triggering an arms race in the region?

Spending instead on poor would have been the right priority.

Just saying, because the report is about India (not to say Pakistan or Afghanistan are doing any better).

The post was meant for the region meaning India, Pakistan, Afghanistan and all of us.
India is not Japan, the number of poor people on the streets is appalling and shows how much work is needed there.
It also shows that they also have their priorities screwed up as all of us have.

Instead of squabbling with each other, we need to use this awesome human capital and make it work like the Western world is doing.

 

[Nilgiri]

 

[cloud_9]

View attachment 344505

Retail Apparel is not the major source of clothing for most Indians it's Textile to Tailored.