Latest on Indian economy

[Chakar The Great]

Published in The Times of India Mumbai on 29 December 2019.

Massive inequality

 

[Minho]

Indian gni per capita rises %10 in FY19

https://timesofindia.indiatimes.com...0534-a-month-in-fy19/articleshow/69601770.cms

India improves one rank on HDI index
https://www.moneycontrol.com/news/india/india-ranks-129-in-uns-human-development-index-4713071.html
India's GDP rises to 2.9 trillion, overtaking France and UK


https://www.imf.org/external/pubs/ft/weo/2019/02/weodata/weorept.aspx?pr.x=57&pr.y=17&sy=2019&ey=2019&scsm=1&ssd=1&sort=country&ds=.&br=1&c=512,668,914,672,612,946,614,137,311,546,213,674,911,676,314,548,193,556,122,678,912,181,313,867,419,682,513,684,316,273,913,868,124,921,339,948,638,943,514,686,218,688,963,518,616,728,223,836,516,558,918,138,748,196,618,278,624,692,522,694,622,962,156,142,626,449,628,564,228,565,924,283,233,853,632,288,636,293,634,566,238,964,662,182,960,359,423,453,935,968,128,922,611,714,321,862,243,135,248,716,469,456,253,722,642,942,643,718,939,724,734,576,644,936,819,961,172,813,132,726,646,199,648,733,915,184,134,524,652,361,174,362,328,364,258,732,656,366,654,144,336,146,263,463,268,528,532,923,944,738,176,578,534,537,536,742,429,866,433,369,178,744,436,186,136,925,343,869,158,746,439,926,916,466,664,112,826,111,542,298,967,927,443,846,917,299,544,582,941,474,446,754,666,698&s=NGDPD&grp=0&a=

 

[Protest_again]

Published in The Times of India Mumbai on 29 December 2019.

Massive inequality

Please share the source.

 

[Shahzaz ud din]

Indian gdp per capita rises %10 in FY19

Increase in per-capita income is always deceptive if it is not distributed evenly among masses

 

[Kaniska]

Increase in per-capita income is always deceptive if it is not distributed evenly among masses

Although your intention is dubious, but your point is valid. Capitalism is always about overall GDP but they are good in distributing weath amongst the masses.

 

[mmr]

Indian gdp per capita rises %10 in FY19

https://timesofindia.indiatimes.com...0534-a-month-in-fy19/articleshow/69601770.cms

India improves one rank on HDI index
https://www.moneycontrol.com/news/india/india-ranks-129-in-uns-human-development-index-4713071.html
India's GDP rises to 2.9 trillion, overtaking France and UK


https://www.imf.org/external/pubs/ft/weo/2019/02/weodata/weorept.aspx?pr.x=57&pr.y=17&sy=2019&ey=2019&scsm=1&ssd=1&sort=country&ds=.&br=1&c=512,668,914,672,612,946,614,137,311,546,213,674,911,676,314,548,193,556,122,678,912,181,313,867,419,682,513,684,316,273,913,868,124,921,339,948,638,943,514,686,218,688,963,518,616,728,223,836,516,558,918,138,748,196,618,278,624,692,522,694,622,962,156,142,626,449,628,564,228,565,924,283,233,853,632,288,636,293,634,566,238,964,662,182,960,359,423,453,935,968,128,922,611,714,321,862,243,135,248,716,469,456,253,722,642,942,643,718,939,724,734,576,644,936,819,961,172,813,132,726,646,199,648,733,915,184,134,524,652,361,174,362,328,364,258,732,656,366,654,144,336,146,263,463,268,528,532,923,944,738,176,578,534,537,536,742,429,866,433,369,178,744,436,186,136,925,343,869,158,746,439,926,916,466,664,112,826,111,542,298,967,927,443,846,917,299,544,582,941,474,446,754,666,698&s=NGDPD&grp=0&a=

That dont make sense. How come if population increases by 1 percent and economy grow by 6 percent then per capita should increase by 5 percent. Care to explain how it increases by 10 percent?

 

[Dil Pakistan]

Indian gdp per capita rises %10 in FY19

https://timesofindia.indiatimes.com...0534-a-month-in-fy19/articleshow/69601770.cms

India improves one rank on HDI index
https://www.moneycontrol.com/news/india/india-ranks-129-in-uns-human-development-index-4713071.html
India's GDP rises to 2.9 trillion, overtaking France and UK


https://www.imf.org/external/pubs/ft/weo/2019/02/weodata/weorept.aspx?pr.x=57&pr.y=17&sy=2019&ey=2019&scsm=1&ssd=1&sort=country&ds=.&br=1&c=512,668,914,672,612,946,614,137,311,546,213,674,911,676,314,548,193,556,122,678,912,181,313,867,419,682,513,684,316,273,913,868,124,921,339,948,638,943,514,686,218,688,963,518,616,728,223,836,516,558,918,138,748,196,618,278,624,692,522,694,622,962,156,142,626,449,628,564,228,565,924,283,233,853,632,288,636,293,634,566,238,964,662,182,960,359,423,453,935,968,128,922,611,714,321,862,243,135,248,716,469,456,253,722,642,942,643,718,939,724,734,576,644,936,819,961,172,813,132,726,646,199,648,733,915,184,134,524,652,361,174,362,328,364,258,732,656,366,654,144,336,146,263,463,268,528,532,923,944,738,176,578,534,537,536,742,429,866,433,369,178,744,436,186,136,925,343,869,158,746,439,926,916,466,664,112,826,111,542,298,967,927,443,846,917,299,544,582,941,474,446,754,666,698&s=NGDPD&grp=0&a=

Per capita income is calculated this way:

Income of Ambani + Income of a labourer / divided by 2

 

[Protest_again]

Lol. If 90% of population is earning less than 10000 a month. Then who's buying 145 million smart phones a year, 3 million cars a year, 20 million bikes a year. And who's transacting $200 billion a year on just Google pay. Surely not Pakistanis.

The US Federal Reserve, or the Fed, should replicate India’s Unified Payments Interface (UPI) model for its proposed interbank real-time gross settlement (RTGS) service, Google has recommended.

Launched in 2016, the UPI is the country’s flagship real-time payments system, which allows users to transfer money directly from their bank accounts. Since it works across multiple bank accounts, without revealing the details of one’s account to the other party, it makes paying someone as simple as handing over cash. It clocked 1.2 billion transactions in November, valued at Rs 1.89 trillion. Citing the UPI’s phenomenal success in India, Google, in a letter to the Fed, said FedNow should be an open system, like the UPI.


"First, the UPI is an interbank transfer system (there are now over 140 member banks, after initially launching with nine participating banks). Second, it is a real-time system. Third, it is 'open' - meaning technology companies can build applications that help users directly manage transfers into and out of their accounts held at banks," Mark Isakowitz, vice-president, government affairs and public policy, US and Canada, Google, wrote in a November 7 letter.

Adoption of the system was rapid, growing from 100,000 monthly transactions, to 77 million, to 480 million, to 1.15 billion monthly transactions in the first four years.

"After just three years, the annual run rate of transactions flowing through UPI is about 10 per cent of India' GDP (gross domestic product), including 800 million monthly transactions valued at $19 billion," said the letter marked to Ann Misback, secretary, board of governors of the Federal Reserve System.

 

[BringHarmony]

That dont make sense. How come if population increases by 1 percent and economy grow by 6 percent then per capita should increase by 5 percent. Care to explain how it increases by 10 percent?

The economic measure in question is GNI per capita.
https://www.investopedia.com/terms/g/gross-national-income-gni.asp

It is the income earned by all individuals and businesses divided by population of the nation.

Gross domestic product is value of ALL products and services produced by a nation.

@Minho Correct GDP per capita to GNI per capita. The report you linked to states GNI.

@mmr, what this means is that on an average, income of Indians are increasing faster than the economy growing (10% vs 6-7% or so). It could mean that indian labour market is correcting to underpayment of some individuals or businesses. From what I heard, Indians are the most underpaid employees in the world.

Remember folks. GDP per capita measures PRODUCTIVITY. GNI per capita measures PROSPERITY. They are two different thing and reflect two different ideas. Oh, to see a trend, always correct for inflation.

Per capita income is calculated this way:

Income of Ambani + Income of a labourer / divided by 2

If you don't know something you have two options :

1. Keep quite and learn it.
2. Open your mouth and let the entire world know that you are ignorant.

You have remarkably taken the second option to its extreme. Show the world that you are ignorant and proud of it.

 

[Dil Pakistan]

The economic measure in question is GNI per capita.
https://www.investopedia.com/terms/g/gross-national-income-gni.asp

If you don't know something you have two options :

1. Keep quite and learn it.
2. Open your mouth and let the entire world know that you are ignorant.

You have remarkably taken the second option to its extreme. Show the world that you are ignorant and proud of it.

Going by the superficial and flippant tone of your post, you don't have a clue.

 

[BringHarmony]

Going by the superficial and flippant tone of your post, you don't have a clue.

Oh I have more clue than you can ever have. If you had any clue, you would have corrected the OP instead of making yourself look like an ***. What makes things even more interesting is that you are claiming to be 52. I shudder at what a 20 year old will be from your community. The level of ignorance I have seen in Pakistan folks, especially those who are living outside Pakistan is quite astonishing.

 

[Dil Pakistan]

Oh I have more clue than you can ever have. If you had any clue, you would have corrected the OP instead of making yourself look like an ***. What makes things even more interesting is that you are claiming to be 52. I shudder at what a 20 year old will be from your community. The level of ignorance I have seen in Pakistan folks, especially those who are living outside Pakistan is quite astonishing.

You talk of level of ignorance?
Let us first talk about level morality and ethics (which is much more important then any knowledge) - and let us start with you.
Just read your post - and see what language and words you have used - clearly you will not be ashamed of yourself as you are from the country that no woman is safe from being raped.
The country where people like drink URINE COLA and wash themselves COW DUNG.

…..and this is just your beginning - your peak is when you turn into a Modi

 

[BringHarmony]

You talk of level of ignorance?
Let us first talk about level morality and ethics (which is much more important then any knowledge) - and let us start with you.
Just read your post - and see what language and words you have used - clearly you will not be ashamed of yourself as you are from the country that no woman is safe from being raped.
The country where people like drink URINE COLA and wash themselves COW DUNG.

…..and this is just your beginning - your peak is when you turn into a Modi

What are you blabbering about?

Canada is the safest country for women.

And why the hell you skipping like a monkey from branch to branch? The thread is about Indian Economy, so stick to it. If you have some rape fantasies, go elsewhere.

 

[Murgah]

The economic measure in question is GNI per capita.
https://www.investopedia.com/terms/g/gross-national-income-gni.asp

It is the income earned by all individuals and businesses divided by population of the nation.

Gross domestic product is value of ALL products and services produced by a nation.

@Minho Correct GDP per capita to GNI per capita. The report you linked to states GNI.

@mmr, what this means is that on an average, income of Indians are increasing faster than the economy growing (10% vs 6-7% or so). It could mean that indian labour market is correcting to underpayment of some individuals or businesses. From what I heard, Indians are the most underpaid employees in the world.

Remember folks. GDP per capita measures PRODUCTIVITY. GNI per capita measures PROSPERITY. They are two different thing and reflect two different ideas. Oh, to see a trend, always correct for inflation.


If you don't know something you have two options :

1. Keep quite and learn it.
2. Open your mouth and let the entire world know that you are ignorant.

You have remarkably taken the second option to its extreme. Show the world that you are ignorant and proud of it.

You are the biggest fool here who don't know how to calculate pci kindly enrolle yourself in some decent school and don't be a bakht

 

[Dil Pakistan]

What are you blabbering about?

Canada is the safest country for women.

And why the hell you skipping like a monkey from branch to branch? The thread is about Indian Economy, so stick to it. If you have some rape fantasies, go elsewhere.

"Monkey" is not related to me - that your HANUMAN JI.

I have cut you down to size in reply to your posts.

As I had predicted, you have no shame, no morality.

You can have Canadian flags to show yourself on this forum, but as soon you open your mouth "your origin" shines through.​