Why Pakistan is wealthier than India

[KhalaiMakhlooq]

you still haven't disproven my arguements. And it is a fact that for all its problems, gdp per capita and gdp per capita ppp are still the most comonly used measures of wealth. The UN HDI is used to measure wahr gdp rankings fail to record. Those lists are how global economists measure wealth and syandard of living. period.

And we are not even talking about some of the more specific measures of development. you want to think pakistanis are wealthier than india when pakistan has a shorter life expectancy, higher infant and maternal mortality, and ranks lower on food security? The fact you claimed nigeria, the country with the highest pop below poverty shows the flaws of your measurements.

Don't act like moderator ..we are talking about wealth of countries and its important to know how its being distributed ..You could be wealthy nation overall but still could have majority population who are starving

Whats has it got to do with the anything we are discussing 'proudindianguy'

 

[Cobra Arbok]

Don't act like moderator ..we are talking about wealth of countries and its important to know how its being distributed ..You could be wealthy nation overall but still could have majority population who are starving

fortuntely, there is another index called hdi adjusted for inequality that measures that. And inda ranks higher than pakistan on food security, although not as much as it should.

 

[Proudpakistaniguy]

Whats has it got to do with the anything we are discussing 'proudindianguy'

You are just dumb troll

 

[KhalaiMakhlooq]

You are just dumb troll

lol

fortuntely, there is another index called hdi adjusted for inequality that measures that. And inda ranks higher than pakistan on food security, although not as much as it should.

Okay anything adjusted, means taking the same base figure and then changing it based on variables. The base data set is the same, and has the same flaws.

 

[Cobra Arbok]

so basicaly Pakisan ranks ahed of india in ONE index and the op wants to use that to make a claim that the average pakistani is wealthier thanb the average indian while ignoring the other more comonly used indices.

lol


Okay anything adjusted, means taking the same base figure and then changing it based on variables. The base data set is the same, and has the same flaws.

all data has flaws. it is the interpretation that matters. And for is flaws hdi considers key developmenta aspects such as life expectancy, infant mortality, access to schooling and healthcare and schooling, all of which are definitely aspects of "wealth."
and there is also the mulidimensiona poverty index.

 

[KhalaiMakhlooq]

so basicaly Pakisan ranks ahedof india in ONE index and thenop wants tonuse tht to mae a claim that the average pakistani is wealthier thanb the average indian while ignoring the other more comonly used indices.


all data has flaws. it is the interpretation thst matters. And for is flaws hdi considers key developmenta aspects such s life expectancy, infant mortality, access to schooling and healthcare and schooling, all of which are definitely aspects of "wealth."
and there is also the mulidimensiona poverty index.

Ask the World Bank. I don't get paid for this shit.

 

[Cobra Arbok]

Ask the World Bank. I don't get paid for this shit.

the world bank still mostly uses gdp per capita figures. in fact the wb is an agency that CALCULATES GDP. And i already said the measure you use has been around for a while, bit has still jot overtakeb gdp per capita despite its flaws. And as i said before, despite its flaws, the hdi measures mostly record data not measured by gdp per capita.

Anyeay although the op is pretty convincing, I will go with most WB UN and IMF data that suggests Indians are onnaverage wealthier than pakistanis.

 

[KhalaiMakhlooq]

the world bank still mostly uses gdp per capita figures. in fact the wb is an agency that CALCULATES GDP. And i already said the measure you use has been around for a while, bit has still jot overtakeb gdp per capita despite its flaws. And as i said before, despite its flaws, the hdi measures mostly record data not measured by gdp per capita.

Yes, and I've referenced how major business are changing, Like read the Harvard, Barclays, McKinsley, TIME, FT, Economist publications above.

 

[prashantazazel]

Richest 10% of Indians own over 3/4th of wealth in India
While wealth has been rising in India, not everyone has shared in this growth. There is still considerable wealth poverty, says Credit Suisse’s India wealth report
Last Published: Tue, Oct 23 2018. 06 27 AM IST

The richest 10% of Indians own 77.4% of the country’s wealth, says Credit Suisse in their 2018 Global Wealth Report. The bottom 60%, the majority of the population, own 4.7%. The richest 1% own 51.5% (chart 1 above). And it’s not some bleeding-heart NGO that’s arrived at these figures, but a blue-blooded Swiss bank.

Such a high level of disparity raises several questions, not the least of which is the extent to which it subverts democracy. While everybody talks about development these days, a legitimate question from the Credit Suisse data is: whose development are we talking about? Is it development for the top 1%, or for the top 10%, or the poorest 60%?



The cornering of the fruits of development by the wealthy and the stark disparity in wealth shares provide fuel for social unrest and rising crime. It increases disaffection and threatens to tear apart the fabric of the nation—it puts enormous strain on nation-building if the share of the majority in the nation’s wealth is less than 5%.

https://www.livemint.com/Money/iH2a...Indians-own-over-34th-of-wealth-in-India.html

This inequality is the same as the US.
It is inevitable if you want to grow fast.

https://en.m.wikipedia.org/wiki/Wealth_inequality_in_the_United_States

 

[Cobra Arbok]

Yes, and I've referenced how major business are changing, Like read the Harvard, Barclays, McKinsley, TIME, FT, Economist publications above.

well i guess we will have to wait and see how that changes then. I am simply refering to most current data. Maybe in the future meian wealth will replace gdp per capita and hdi.

 

[KhalaiMakhlooq]

well i guess we will have to wait and see how that changes then. I am simply refering to most current data. Maybe in the future meian wealth will replace gdp per capita and hdi.

Yes, look out for it, would probably help in your research in the future.

 

[Proudpakistaniguy]

fortuntely, there is another index called hdi adjusted for inequality that measures that. And inda ranks higher than pakistan on food security, although not as much as it should.

We know India is super power and their HDI is better than even European countries India might be fastest growing economy in the world and yet its wealth is hardly redistributed across the population. Countries can only be considered as developed if quality of life and standard of living (of most citizens ) is very high or at least a decent one and on that parameter both are failure nations as are most other countries in this region. The disparity between people living in a metropolitan city like Mumbai, Kolkata, Delhi is astonishing. People defecating on the roads, while on the same road, you see affluent businessmen driving their expensive cars.

 

[Tejas Spokesman]

Yes, look out for it, would probably help in your research in the future.

Only reason Pakistam is ahead of India in this index is because of human capital which in this index is calculated as total earnings over one's lifetime.
Since the median age in Pakistan is 4 years less than India so they added ~$1500×4 to Pakistan as extra ($1500 is Pakistan's median income).

But when it comes to Real Wealth ie Physical wealth India is far ahead of Pakistan.

So using their formula if median age in India was same as Pakistan (keeping everything else same) then Indian per person wealth would be $25800.

 

[Vapnope]

While i agree that GDP doesn't indicate the equality in wealth distribution among population however it is wrong to assume that Pakistan is wealthier than India.
These indicators do not change the fact that we do not have money to pay off loans our vault is way smaller than India.

 

[nahtanbob]

you still haven't disproven my arguements. And it is a fact that for all its problems, gdp per capita and gdp per capita ppp are still the most comonly used measures of wealth. The UN HDI is used to measure wahr gdp rankings fail to record. Those lists are how global economists measure wealth and syandard of living. period.

And we are not even talking about some of the more specific measures of development. you want to think pakistanis are wealthier than india when pakistan has a shorter life expectancy, higher infant and maternal mortality, and ranks lower on food security? The fact you claimed nigeria, the country with the highest pop below poverty shows the flaws of your measurements.

gdp per capita ppp is the best measurement of living standards. life expectancy and infantry mortality rates are the best non-economic metrics of socio-economic well being