India's capital is like a wasteland and this is for ex-middle class (which is now upper class, no middle class exists, its a chasm between upper and lower)
India has surpassed Japan to become the fourth-largest economy
61–64 of 64 posts
Re: India has surpassed Japan to become the fourth-largest economy
#62Popular media likes to take this very simplistic view and turns the nations' economies into competition, forgetting that economies should work for the people, not vice versa. If it was a competition, then eventually someone would have to win (what is the definition of winning is unclear to me either) which so far doesn't seem possible. What actually matters is what a country does with the economy it has. Whether it translates into better lives, stability, and opportunity for its citizens. By that measure, "4th largest" tells us almost nothing. The more useful question isn't "how big" but "for whom".
Re: India has surpassed Japan to become the fourth-largest economy
#63Per capita is the more meaningful number. Look up the rankings. The difference is dramatic. For trajectory note that the Indian population is growing while japans population is shrinking. So taking all that into account per capita it’s about 50 years before India catches up with Japan if current rates stay the same. I can guarantee rates will not stay the same.
Nominal GDP is very important for geopolitics.
What matters for most humans is quality of life, health and safety.
Per capita is more relevant to people overall.
Re: India has surpassed Japan to become the fourth-largest economy
#64About 70 years ago India decided to adopt Western style Democracy but Soviet style Command economy whereas China adopted Soviet style everything. Then China started market reforms and liberalization in 1978 whereas India actually started 13 years later in 1991. Both cpuntries have seen massive growth, but the rate of growth in India has simply not kept up with China, and there is also the compounding effect of having…
All due respect, not only do you seem to know very little about Indian economy, you're also confusing altitude and latitude. Uttar Pradesh for instance is literally a flood plain.