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Babu doesn't understand the difference between income and wealth, but made economic policies for the country for 3 decades.
Exactly. The first thing I thought was kya chutiya post hai. You are comparing with the wealth of 2 persons vs the whole india does a trx of.
Calculate the wealth of whole india. South Bombay where ambani resides will be some of a trillion or so. Let alone other souths.
Exactly
If we are removing the top 5% from our population, please remove the top 5% from these sub-Saharan African countries too, and then compare the per capita GDP. That will be a fair comparison.
U r data scientist right? So doesn't it says in data science to compare the same columns? The guy is comparing the wealth with the GDP. India is not worth 4T. India is worth way more than that.
Bhaiya kaafi upar hain is sab se. I legit thought GDP ki baat hi kar rahe hain. I thought that was a given, dono jagah same metric compare karna.
Bruh.....
Similarly if you remove the bottom 5% it will go up 😂😂😂 This does not make sense. I would not remove bottom 5% of India and start saying we are better in per capita than country x
So you mean, Labourers, Side Gigs Workers, Farmers are useless in the Country? bottom layer in pyramid is the backbone of India...top 5% can fly to any other country anytime but bottom 5% will continue to contribute till last breath....
Don't try to cover up Govt flaws.
India's nominal per capita income is definitely less. However, we need to look at the median and also for purchasing power parity.
If we are talking in dollar terms, India ppp would come around 2.5-3.5 usd.
That is much lower than other countries though.
Note: India has not published ppp data for quite some time. Most Indians don't pay taxes, so often India's data is inaccurate and does not reflect the ground reality properly.
“Nexus of good” is such a self important, avengers-ass name for an org 😅
But the ground reality is also that India is better off than the sub Saharan African countries.
Also, what bullshit is this? Ambani and Adani combined have net worth i.e wealth of 200 billion USD.
GDP is gross domestic product. The total value created from all finished goods and services for that year.
So this genius is taking a yearly number and subtracting the net worth of the top 5%.
See how stupid that is?
I'll give you an example so you can understand this better.
Google. A massive company. Google makes a revenue of 350 billion ( GDP ) Has 180k employees. So revenue per employee is 1.9 Million USD. ( Per capita income )
The founder Larry Page is worth 150 billion and Sergey Brin is worth 130 billion. So 350 - ( 150 + 130 ) = 70 billion. Now revenue per employee is only 380k.
See how stupid that is ??
Brother, you can be against the current govt for various valid reasons. But please. Improve your common sense before posting literal shit and then arguing for it.