India's per capita income rises 7.4% to Rs 93,293

[TopCat]

The stupidity of some people still not realising GDP is not GNI.

No wonder the state of patent and science output of their LDC sweatshop ridden swamp....if this is the level of intelligence of their so called "doctors".

No wonder droves of them have to come to India for the most basic of treatments. A very prudent decision indeed.

GNI = GDP + External Income (remittance)

Your gdp/capita is even less if we deduct 65 billion from your GNI

 

[Nilgiri]

GNI = GDP + External Income (remittance)

Your gdp/capita is even less if we deduc t 65 billion from your GNI

Wrong. Net income from abroad is not just remittance. Neither are the accounting standards the same between countries or organisations for how this net income is calculated (already mentioned before).

Your idiocy is quite repulsive.

 

[TopCat]

Wrong. Net income from abroad is not just remittance. Neither are the accounting standards the same between countries or organisations for how this net income is calculated (already mentioned before).

Your idiocy is quite repulsive.

You are right.
You can deduct as much as you want, gdp/capita can not go more than gni/capita unless you are huge remttance source country like qatar.

 

[Fenrir]

Per Capita Income is rather misleading. Norway has the world's fourth highest GNI as of 2015 at nearly $100,000, but when the cost of living is equally high the earnings don't go as far.

It's fun to compare and brag about such things like GDP or GNI, but without a deeper look into each nation they're rather pointless.

That said... 4th highest!!!

 

[Nilgiri]

Per Capita Income is rather misleading. Norway has the world's fourth highest GNI as of 2015 at nearly $100,000, but when the cost of living is equally high the earnings don't go as far.

It's fun to compare and brag about such things like GDP or GNI, but without a deeper look into each nation they're rather pointless.

That said... 4th highest!!!

Exactly, there's a reason why the UN uses PPP instead of pure nominal.

 

[TopCat]

Per Capita Income is rather misleading. Norway has the world's fourth highest GNI as of 2015 at nearly $100,000, but when the cost of living is equally high the earnings don't go as far.

It's fun to compare and brag about such things like GDP or GNI, but without a deeper look into each nation they're rather pointless.

That said... 4th highest!!!

Well first we get to get the number right then we could discuss how those number actually reflect in standard of life. But we have serious issues with numbers to begin with.

 

[Śakra]

The stupidity of some people still not realising GDP is not GNI.

No wonder the state of patent and science output of their LDC sweatshop ridden swamp....if this is the level of intelligence of their so called "doctors".

No wonder droves of them have to come to India for the most basic of treatments. A very prudent decision indeed.

 

[gslv]

The fixation to gdp of India is amusing.

 

[TopCat]

Here is the complete report whoever wants to clear up their confusion
http://mospi.nic.in/Mospi_New/upload/nad_press_release_31may16.pdf

Download at your will. It gives you GDP, GNI, per capita GDP, per capita GNI, per capita NNI at current and constant price.
@Doyalbaba @Nilgiri

 

[Nilgiri]

So whats the problem?

It seems the "GNI" quoted by you and other idiots is actually the NNI, which is something quite different (remember how I talked about different accounting components before?):

from page 11 summary.

The final figure for fiscal year 2015 is 105815 Rupees (per capita GDP).

Average exchange rate in fiscal year was around 65 rupees/USD.

So around 1627 USD per capita nominal.

IMF for year 2015 estimate put it at about 1617 USD.

For Bangladesh for fiscal year 2014:

http://www.bbs.gov.bd/WebTestApplication/userfiles/Image/GDP/GDP_2014_15(p).pdf

GDP = 15,135,997 million Taka

Average Exchange rate was 77.5 BDT/USD during that period.

So GDP = 195.3 billion USD

Population was around 160 million people in FY 2014/15

http://www.worldometers.info/world-population/bangladesh-population/

So GDP per capita was 1219 in 2014/15.

IMF for 2014 put it at: 1161 USD per capita.

The difference stems mostly from fiscal year of BD starting and ending right in the middle of the year....so really it would reflect the average of IMF for 2014 and 2015 which would be:

(1161 + 1286)/2 = 1223 USD per capita.

If you have a BBS release for 2015 or later, lets see it.

IMF per capita nominal data:

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=54&pr.y=0&sy=2010&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,534&s=NGDPDPC&grp=0&a=


Here are the accounting differences that I was talking about earlier:

http://www.yourarticlelibrary.com/n...d-methods-of-measuring-national-income/30801/

Its good that you posted the MOSPI release, it clarifies a lot indeed....to your position's detriment.

 

[TopCat]

So whats the problem?

It seems the "GNI" quoted by you and other idiots is actually the NNI, which is something quite different (remember how I talked about different accounting components before?):

from page 11 summary.

The final figure for fiscal year 2015 is 105815 Rupees (per capita GDP).

Average exchange rate in fiscal year was around 65 rupees/USD.

So around 1627 USD per capita nominal.

IMF for year 2015 estimate put it at about 1617 USD.

For Bangladesh for fiscal year 2014:

http://www.bbs.gov.bd/WebTestApplication/userfiles/Image/GDP/GDP_2014_15(p).pdf

GDP = 15,135,997 million Taka

Average Exchange rate was 77.5 BDT/USD during that period.

So GDP = 195.3 billion USD

Population was around 160 million people in FY 2014/15

http://www.worldometers.info/world-population/bangladesh-population/

So GDP per capita was 1219 in 2014/15.

IMF for 2014 put it at: 1161 USD per capita.

The difference stems mostly from fiscal year of BD starting and ending right in the middle of the year....so really it would reflect the average of IMF for 2014 and 2015 which would be:

(1161 + 1286)/2 = 1223 USD per capita.

If you have a BBS release for 2015 or later, lets see it.

IMF per capita nominal data:

http://www.imf.org/external/pubs/ft/weo/2016/01/weodata/weorept.aspx?pr.x=54&pr.y=0&sy=2010&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,534&s=NGDPDPC&grp=0&a=


Here are the accounting differences that I was talking about earlier:

http://www.yourarticlelibrary.com/n...d-methods-of-measuring-national-income/30801/

Its good that you posted the MOSPI release, it clarifies a lot indeed....to your position's detriment.

You again tried to twist number according to the desired output you want.

NNI net national output is the desired number which we are interested for per capita calculation.
There is nothing called average conversion rate which you invented now.

Go to bullet 15 for further explanation.

15. The per capita income at current prices during 2015-16 is estimated to have attained a level of `93,293 as compared to the First Revised Estimate for the year 2014-15 of `86,879 showing a rise of 7.4 percent.

Dont make a fool of yourself.
IMF has nothing to do.here. we are quoting national statistics data here, same for BD.

 

[Nilgiri]

You again tried to twist number according to the desired output you want.

NNI net national output is the desired number which we are interested for per capita calculation.
There is nothing called average conversion rate which you invented now.

Go to bullet 15 for further explanation.

15. The per capita income at current prices during 2015-16 is estimated to have attained a level of `93,293 as compared to the First Revised Estimate for the year 2014-15 of `86,879 showing a rise of 7.4 percent.

Dont make a fool of yourself.
IMF has nothing to do.here. we are quoting national statistics data here, same for BD.

As long as you say GNI is not NNI and give BD figure released for NNI to compare, I got no issue.

Can only compare GDP to GDP, GNI to GNI and NNI to NNI etc.

So if you have BBS released NNI, lets see it.

As we have seen GDP nominal for India and BD is close to IMF estimates in latest years available (2015, 2014 respectively)

Already illustrated your claim of 1.7 trillion Indian GDP is the stupidest thing you have said yet given you took a faulty exchange rate of NNI and multiplied it by population to get GDP.

 

[TopCat]

As long as you say GNI is not NNI and give BD figure released for NNI to compare, I got no issue.

Can only compare GDP to GDP, GNI to GNI and NNI to NNI etc.

So if you have BBS released NNI, lets see it.

As we have seen GDP nominal for India and BD is close to IMF estimates in latest years available (2015, 2014 respectively)

Already illustrated your claim of 1.7 trillion Indian GDP is the stupidest thing you have said yet given you took a faulty exchange rate of NNI and multiplied it by population to get GDP.

You are funny. GNI/NNI will be same for bd, as we dont invest outside and inward investment is very very marginal.

My 1.7 trillion was correct at constant price which the original reporter quoted. At current price from the report t is around 2trillion.

 

[Nilgiri]

You are funny. GNI/NNI will be same for bd, as we dont invest outside and inward investment is very very marginal.

Wow you are a complete idiot....VERIFIED.

Net national income relative to Gross national income has no extra "foreign/domestic" component, both include net income from abroad (hence the word national and not domestic).

Net national income takes into effect depreciation (i.e spending/investment for depreciation is not included in Net national but it is included for Gross).

NNP/NNI will thus always be smaller than GNP/GNI (or maybe BD is some magical country where nothing depreciates and needs to be replenished).

The external income/investment from abroad is the difference between GDP and GNP/GNI stupid.

Simply put GDP is production within a country's boundary. GNP is production by a country's citizens (wherever their location). NNP ignores depreciation replenishment of GNP.

You can similarly have Net Domestic Product (which would be GDP taking into account depreciation of stocks/assets).

@Khan_21 @LA se Karachi @Bilal9 can you guys please back me up here. I feel I'm shedding grey matter talking to this nitwit.

 

[TopCat]

Wow you are a complete idiot....VERIFIED.

Net national income relative to Gross national income has no extra "foreign/domestic" component, both include net income from abroad (hence the word national and not domestic).

Net national income takes into effect depreciation replenishment (i.e spending/investment for depreciation is not included in Net national but it is included for Gross).

NNP/NNI will thus always be smaller than GNP/GNI.

The external income/investment from abroad is the difference between GDP and GNP/GNI stupid.

Simply put GDP is production within a country's boundary. GNP is production by a country's citizens. NNP ignores depreciation replenishment of GNP.

@Khan_21 @LA se Karachi @Bilal9 can you guys please back me up here. I feel I'm shedding grey matter talking to this nitwit.

Dont need to name calling stupid. That will not increase your per capita. You think bd statistics dont take into account of all the factor?

When your vedic growth is busted you started dancing like headless chicken.