India's GDP swells to $3.75 trillion as it topples other biggies

[CallSignMaverick]

Exactly the reason why Indian NOMINAL GDP is moderately high is because of their huge population of 1.42 billion people. LOL.

While Pakistan has a population of 250 million people.

India's GDP is 11 times higher for a population 5.5 times higher than pakistan. Which means our GDP would've been higher than you even if our population was half of you.

You idiot, the situation in Pakistan is not that bad. We have CPEC being built.

Yup, hearing for decades. Yawn.

And Pakistan is nearly a $400 billion dollar economy with population of 250 million people. So Insh'Allah Pakistan is getting there.

Your own government declared it to be a $341 billion economy, with a population as per latest census hinting towards 256 million.

 

[Muji.Iqbal]

India's GDP is 11 times higher for a population 5.5 times higher than pakistan. Which means our GDP would've been higher than you even if our population was half of you.


Yup, hearing for decades. Yawn.

lol, what is this bullshit. How did you do your calculations, you idiot. Coming to a Pakistani forum and then trash talking about Pakistan.

India has the most poor in the world you know that?

India's GDP is 11 times higher for a population 5.5 times higher than pakistan. Which means our GDP would've been higher than you even if our population was half of you.


Yup, hearing for decades. Yawn.


Your own government declared it to be a $341 billion economy, with a population as per latest census hinting towards 256 million.

What do you mean by decades? Have you done your research you idiot before making any opinion?

CPEC was established 8 years ago, not decades as you claim:

India's GDP is 11 times higher for a population 5.5 times higher than pakistan. Which means our GDP would've been higher than you even if our population was half of you.


Yup, hearing for decades. Yawn.


Your own government declared it to be a $341 billion economy, with a population as per latest census hinting towards 256 million.

You Moron, despite the fact that China and Japan has less population than India, their productivity and overall GDP is much higher than India's.

And then you play this Indian pride bullshit on a Pakistani forum? Are you a certified idiot?

 

[CallSignMaverick]

As if India is excelling! Large parts of India are basically interchangeable with Subsaharan Africa.

Yeah why not, just like large parts of Turkey resemble some failed post-soviet eastern european state.

 

[Muji.Iqbal]

India's GDP is 11 times higher for a population 5.5 times higher than pakistan. Which means our GDP would've been higher than you even if our population was half of you.


Yup, hearing for decades. Yawn.


Your own government declared it to be a $341 billion economy, with a population as per latest census hinting towards 256 million.

You idiot, Pakistan is only a 250 million population country. It should be compared to Indonesia, Nigeria, Brazil, and even Japan.

 

[CallSignMaverick]

As for India, You are super poor with a huge income inequality between the rich and the poor.

It isn't even that high

 

[Muji.Iqbal]

Yeah why not, just like large parts of Turkey resemble some failed post-soviet eastern european state.

Haha, Turkey is a much better developed country than shit-poor India. lol.

Just because India has 1.42 billion people. LOL

 

[CallSignMaverick]

You idiot, Pakistan is only a 250 million population country. It should be compared to Indonesia, Nigeria, Brazil, and even Japan.

As per latest census this figure excludes AJK, GB and many blocks over pakistan.

Haha, Turkey is a much better developed country than shit-poor India. lol.

Just because India has 1.42 billion people. LOL

Ikr but they've stagnated won't take us much time to overtake them in GDP per capita.

 

[Muji.Iqbal]

It isn't even that high

Yes it is that high.

Richest 1% own 40.5% of India's wealth, says new Oxfam report​

• • Published
    

• • 16 January

Image source, Getty Images
Image caption,
The wealth of India's richest man Gautam Adani increased by 46% in 2022
By Meryl Sebastian
BBC News, Kochi

India's top 1% owned more than 40.5% of its total wealth in 2021, according to a new report by Oxfam.
In 2022, the number of billionaires in the country increased to 166 from from 102 in 2020, the report said.
Meanwhile, it added that the poor in India "are unable to afford even basic necessities to survive".
The charity called on India's finance minister to levy a wealth tax on the ultra rich to tackle this "obscene" inequality.

ADVERTISEMENT

The report - Survival of The Richest - was released as the World Economic Forum began in Davos, Switzerland.
The report highlighted the large disparity in wealth distribution in India, saying that more than 40% of the wealth created in the country from 2012 to 2021 had gone to just 1% of the population while only 3% had trickled down to the bottom 50%.

In 2022, the wealth of India's richest man Gautam Adani increased by 46%, while the combined wealth of India's 100 richest had touched $660bn.
In 2022, Mr Adani was ranked the second richest person in the world on the Bloomberg's wealth index. He also topped the list of people whose wealth witnessed the maximum rise globally during the year.
Meanwhile, the country's poor and middle class were taxed more than the rich, Oxfam said.
Approximately 64% of the total goods and services tax (GST) in the country came from the bottom 50% of the population, while only 4% came from the top 10%, the report said.
"India is unfortunately on a fast track to becoming a country only for the rich," Oxfam India CEO Amitabh Behar said. "The country's marginalised - Dalits, Adivasis, Muslims, women and informal sector workers are continuing to suffer in a system which ensures the survival of the richest."
The rich, currently, benefited from reduced corporate taxes, tax exemptions and other incentives, the report added.

To correct this disparity, the charity asked the finance minister to implement progressive tax measures such as wealth tax in the upcoming budget.
A 2% tax on the entire wealth of India's billionaires would support the nutrition of the country's malnourished population for the next three years, the report said.
A 1% wealth tax could fund the National Health Mission, India's largest healthcare scheme for more than1.5 years, it added.
Taxing the top 100 Indian billionaires at 2.5% or taxing the top 10 Indian billionaires at 5% would nearly cover the entire amount required to bring an estimated 150 million children back into school, Oxfam said.
"It's time we demolish the convenient myth that tax cuts for the richest result in their wealth somehow 'trickling down' to everyone else," said Gabriela Bucher, the executive director of Oxfam International.
Taxing the super-rich was necessary for "reducing inequality and resuscitating democracy", she added.

As per latest census this figure excludes AJK, GB and many blocks over pakistan.


Ikr but they've stagnated won't take us much time to overtake them in GDP per capita.

Yeah Sure, go lift a billion people out of poverty first like China did, then we can talk.

Wow, an Indiot coming to a Pakistani and showing his "Indian Pride" here, doesn't get anymore stupid than that!

 

[CallSignMaverick]

lol, what is this bullshit. How did you do your calculations, you idiot. Coming to a Pakistani forum and then trash talking about Pakistan.

India has the most poor in the world you know that?

Divide 3750 by 341 you get 11
Divide 1430 by 256 you get 5.6

Easy maths.

India has the most poor? Perhaps you're talking about absolute terms.

CPEC was established 8 years ago, not decades as you claim:

I said hearing since decades.

You Moron, despite the fact that China and Japan has less population than India, their productivity and overall GDP is much higher than India's.

Similarly your population is 25 times that of Israel yet a GDP less than them

 

[Muji.Iqbal]

As per latest census this figure excludes AJK, GB and many blocks over pakistan.


Ikr but they've stagnated won't take us much time to overtake them in GDP per capita.

Here is your "Shining India"​

India: extreme inequality in numbers​

Chhatiya is a young mother who lives in an urban slum in Patna in northeast India. With her husband they were forced into debt to pay private healthcare fees for their new-born son when the public clinic was unable to provide the care he needed.

Learn more​

Fight inequality, beat poverty

“What is particularly worrying in India’s case is that economic inequality is being added to a society that is already fractured along the lines of caste, religion, region and gender.”

Professor Himanshu

Jawaharlal Nehru University

While India is one of the fastest growing economies in the world, it is also one of the most unequal countries.
Inequality has been rising sharply for the last three decades. The richest have cornered a huge part of the wealth created through crony capitalism and inheritance.
They are getting richer at a much faster pace while the poor are still struggling to earn a minimum wage and access quality education and healthcare services, which continue to suffer from chronic under-investment.
These widening gaps and rising inequalities affect women and children the most.

Let's look at the numbers​

1%	The top 10% of the Indian population holds 77% of the total national wealth. 73% of the wealth generated in 2017 went to the richest 1%, while *670 million Indians who comprise the poorest half of the population saw only a 1% increase in their wealth.
70	There are 119 billionaires in India. Their number has increased from only 9 in 2000 to 101 in 2017. Between 2018 and 2022, India is estimated to produce 70 new millionaires every day.
10x	Billionaires' fortunes increased by almost 10 times over a decade and their total wealth is higher than the entire Union budget of India for the fiscal year 2018-19, which was at INR 24422 billion.
63 M	Many ordinary Indians are not able to access the health care they need. 63 million of them are pushed into poverty because of healthcare costs every year - almost two people every second.
941 yrs	It would take 941 years for a minimum wage worker in rural India to earn what the top paid executive at a leading Indian garment company earns in a year.

A ward in the department of obstetrics at Gardanibag Hospital in Patna, Bihar state. In the deprived, densely populated state of Bihar, eastern India, the public health system is failing the poorest people living in city slums. There aren’t enough health centers to serve everyone, and the facilities that exist are ill-equipped and under-staffed. The poorest people have no other option – they cannot afford the private health services available in the area.

Healthcare as a luxury good​

While the Indian government barely taxes its wealthiest citizens, its spending on public healthcare ranks among the lowest in the world. In the place of a well-funded health service, it has promoted an increasingly powerful commercial health sector.
As a result, decent healthcare is a luxury only available to those who have the money to pay for it. While the country is a top destination for medical tourism, the poorest Indian states have infant mortality rates higher than those in sub-Saharan Africa. India accounts for 17% of global maternal deaths, and 21% of deaths among children below five years.

Pratima, a casualty of India's growing inequality​

Pratima, 32, lives with her husband and 14-year-old daughter in the city of Patna, in Bihar state in eastern India. The family belongs to a marginalized group and lives in one of Patna’s urban slums. Pratima lost her twin babies through delays and poor treatment after she gave birth at her local government clinic.
When she became pregnant, Pratima wasn’t able to get the maternal health services she needed, or the correct advice to prepare for a safe pregnancy and childbirth. Though there is a public primary health center barely 500 meters from her house, it is not equipped to provide antenatal care.
In the eighth month of her pregnancy, she experienced severe contractions and went to the primary health center. She was compelled to wait for hours before an operation was performed. Her baby girl was already dead but her newborn son was still alive. As he was very weak, Pratima and her husband had to find an incubator in a private clinic and ran up a huge debt in order to pay for treatment. When the money ran out, their son was sent back to the government clinic - where he died a few days later.

Get involved and fight inequality today​

Inequality affects us all. Oxfam is calling on governments to invest more in making quality essential services available to everyone – and to help fund this by taxing wealth more fairly.
Support Oxfam India’s campaign to urge the Indian government to provide such services and end under taxation of corporates and rich individuals.

India: extreme inequality in numbers | Oxfam International

www.oxfam.org

I mean what a moron you are to come to a Pakistani forum and water down Pakistan. LOL!

Divide 3750 by 341 you get 11
Divide 1430 by 256 you get 5.6

Easy maths.

India has the most poor? Perhaps you're talking about absolute terms.

I said hearing since decades.

Similarly your population is 25 times that of Israel yet a GDP less than them

Not as laughable as China having less population than you, but being several times larger than India.

Divide 3750 by 341 you get 11
Divide 1430 by 256 you get 5.6

Easy maths.

India has the most poor? Perhaps you're talking about absolute terms.

I said hearing since decades.

Similarly your population is 25 times that of Israel yet a GDP less than them

Haha, Indiot, that is because USA helps Israel. USA gives Israel the top technology and trade benefits you idiot. Seriously get out of here.

 

[CallSignMaverick]

Yes it is that high.

This is everywhere in the world, look at Gii coefficient of India and other states. And equity wealth doesn't mean much when you're owning their companies in part as well. Wealth of a businessman depends on the market cap of their firm.

Yeah Sure, go lift a billion people out of poverty first like China did, then we can talk.

We already have

Governance

Down To Earth brings to you latest news, opinion and blogs on environment and science from India and south Asia. Follow us for information on water, waste, climate change and energy among other topics

www.downtoearth.org.in

 

[Muji.Iqbal]

Divide 3750 by 341 you get 11
Divide 1430 by 256 you get 5.6

Easy maths.

India has the most poor? Perhaps you're talking about absolute terms.

I said hearing since decades.

Similarly your population is 25 times that of Israel yet a GDP less than them

Where did you get your figures from, your a$$? Go bring some credible articles to back up your claims.

This is everywhere in the world, look at Gii coefficient of India and other states. And equity wealth doesn't mean much when you're owning their companies in part as well. Wealth of a businessman depends on the market cap of their firm.


We already have

Governance

Down To Earth brings to you latest news, opinion and blogs on environment and science from India and south Asia. Follow us for information on water, waste, climate change and energy among other topics

www.downtoearth.org.in

Here is your Shining shit India:

 

[CallSignMaverick]

I mean what a moron you are to come to a Pakistani forum and water down Pakistan. LOL!

You can search for such reports of your own country and post it here

 

[Muji.Iqbal]

This is everywhere in the world, look at Gii coefficient of India and other states. And equity wealth doesn't mean much when you're owning their companies in part as well. Wealth of a businessman depends on the market cap of their firm.


We already have

Governance

Down To Earth brings to you latest news, opinion and blogs on environment and science from India and south Asia. Follow us for information on water, waste, climate change and energy among other topics

www.downtoearth.org.in

The income inequality is huge in India: From billionaires to shit poor Indians. lol.

From Ambani to beggars in Mumbai. Don't kid yourself.

You can search for such reports of your own country and post it here

I too can find reports of India having a large population of HIV, polio, most poor in the world, Naxalite rebels etc.

 

[CallSignMaverick]

India: extreme inequality in numbers | Oxfam International

www.oxfam.org

I mean what a moron you are to come to a Pakistani forum and water down Pakistan. LOL!

"Oxfam"


Real OG IMF meanwhile

India has almost wiped out extreme poverty: International Monetary Fund

In India, the number of people living in extreme poverty -- defined by the World Bank as living on US$1.9 or less in purchasing power parity (PPP) terms -- was 0.8% of the population in the pre-pandemic year 2019, stated the IMF paper, published on April 5, 2022.

www.hindustantimes.com

Here is your Shining shit India:

I can post the same images of Singapore and claim it to be very poor as well