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India: A billion people have no real money to spend, says report

bbc.com

31–40 of 54 posts

Re: India: A billion people have no real money to spend, says report

#31

I am reposting this comment, which was inexplicably marked [dead] within seconds of being posted, even though it is a brand new account with no comment or submission history at all. burnermore 2 minutes ago [dead] | parent | context | unvouch | favorite | on: India: A billion people have no real money to spen... Indians who have huge spending potential are in huge numbers. They are just leaving India. High skilled In…

Usually you can vouch for the comment of a new account.

Re: India: A billion people have no real money to spend, says report

#32
post #21

Earlier quoted context omitted.

With such low pay to compete with, it's ideal for startups.

Most graduates in this country needs to be trained from scratch for any serious programming work, due to how horrible the education system is. So it's not worth for the startups.

At my Mumbai startup we get a ton of applicants who have communication skills on par with Koko the Gorilla.

Re: India: A billion people have no real money to spend, says report

#33

I am reposting this comment, which was inexplicably marked [dead] within seconds of being posted, even though it is a brand new account with no comment or submission history at all. burnermore 2 minutes ago [dead] | parent | context | unvouch | favorite | on: India: A billion people have no real money to spen... Indians who have huge spending potential are in huge numbers. They are just leaving India. High skilled In…

[deleted]

Re: India: A billion people have no real money to spend, says report

#34
post #29

all that can be traced back to the British colonization and exploitation of India's wealth and resources. At least now, folks don't die of hunger.

Not all of it. Our Institutions are not as strong as Western counterparts and not week as our neighbours to collapse into military dictatorship.

I blame the absolutist institutions more than colonization.

Re: India: A billion people have no real money to spend, says report

#35
post #21
post #14

One of the ways this is very evident is when you look at entry level software dev salaries at the giant IT sweatshops (Infosys, TCS, Wipro etc). 2010: ₹325k a year (equivalent to then $7000 per year) 2025: ₹350k a year (equivalent to now $4000 per year) Even disregarding the global earning parity, that's only a rise of 10% over 15 years when inflation has risen by 100% in the same period. This is even more egregious…

With such low pay to compete with, it's ideal for startups.

My friend doing B2B SaaS startups in India is very negative on the market since buyers are so penny pinching - sounds like the way is to build there but sell elsewhere.

Re: India: A billion people have no real money to spend, says report

#36
post #29

all that can be traced back to the British colonization and exploitation of India's wealth and resources. At least now, folks don't die of hunger.

I’m sure that’s a contributor but at some point people need to drop the historical excuse and find ways past it.

Re: India: A billion people have no real money to spend, says report

#37
post #7

Indians are more like minimaliss. My bro makes good money but never bought a home. I used my previous laptop for 12y. Being not like Americans is a feature

Not consuming also means it’s hard to make a business that grows there; which also means it’s hard to get the economy to grow overall.

Re: India: A billion people have no real money to spend, says report

#38

Oh this is BBC hmm? lets get political this time. Over the past 11 years since the current government took charge people in India have been demanding a ton of changes :D. Before 2014 the Congress party ran the show for decades and I firmly believe they trashed our culture values and economy with their clueless vision for the future. But in the last 11 years Ive seen real progress with my own eyes better roads upgrade…

Even with all the problems I hear from foreign news and my Indian friends it’s hard to deny that things are getting better - the question is how long will it take, not if; hopefully while India’s population remains young!

Re: India: A billion people have no real money to spend, says report

#39

I am reposting this comment, which was inexplicably marked [dead] within seconds of being posted, even though it is a brand new account with no comment or submission history at all. burnermore 2 minutes ago [dead] | parent | context | unvouch | favorite | on: India: A billion people have no real money to spen... Indians who have huge spending potential are in huge numbers. They are just leaving India. High skilled In…

Thank you. I updated the comment. I donno if you can see. Can I do something if my comment was not adhering to any guidelines?

I don't know why, but you're somehow being targeted; This comment was also made dead.

If comments from newcomers are no longer allowed on HN, the hidden censors should speak up now to explicitly say so. Silent censorship is the harbinger of public debate's death.

Re: India: A billion people have no real money to spend, says report

#40

I am reposting this comment, which was inexplicably marked [dead] within seconds of being posted, even though it is a brand new account with no comment or submission history at all. burnermore 2 minutes ago [dead] | parent | context | unvouch | favorite | on: India: A billion people have no real money to spen... Indians who have huge spending potential are in huge numbers. They are just leaving India. High skilled In…

This is generally inaccurate and not particularly insightful. Indians by and large aren't "paying tax like first world countries". The income tax rate is comparable to other countries and India actually has extremely low tax compliance. Only employees of medium and large companies report their incomes accurately.

As for low quality products, well it's just catering to the price point of the Indian consumer. The number of people in India willing to pay $10 for 50 grams of Assam is so low that it's not even worth putting out such a product in the market. Indians are also notoriously price-sensitive.

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