The so called financial experts have been giving negative predictions for growth.... since past few years. Everytime they are being proved wrong. Still they go on regardless
How far the GDP growth is related to per capita income in dollar terms.Quora once showed that the per capita income in dollar of SriLanka was twice that of India.Wikipedia showed a graph reveling that the per capita income of Indonesia in dollar was twice that of India in2012.Where does India stand in these per capita income dollar terms when the top10% people have 74% national wealth and bottom 30% people have 1.4% national wealth(statistics from Credit suisse as quoted by H.Ansari,some two years back).Wherefrom the investing (not investment)for GDP growth comes about?.Is it from that 74% with the rich-have they got time enough to do investing without enjoying that wealth) or from the 1.4% from the bottom 30% who might be investing without having their daily meals .How the per capita of each Indian comes about?Some knowledgeable people should tell clearly.Now every year the GDP grows up in india and our percapita income is half of Srilanka tells that all these figures are ------.Are we barking the wrong GDP tree,The gross Domestic Poverty.R.POnnambalam
Re: GDP Growth every year,but per capita income half that SrlLanka
by Truth Prevails on Sep 24, 2018 08:15 AM
Look at the population mumbers. There is no way you can compare India and sri lanka
Re: GDP Growth every year,but per capita income half that SrlLanka
by Truth Prevails on Sep 24, 2018 08:18 AM
There are a lot of people who income is not counted in the per capita earning, like rental income, pretty shops and businesses, agricultural income, labour wages
If political parties spending has an effect on GDP figures , it also demonstrates that black money does have a positive effect on growth, once it is used. The trick is to get it overground and use it well.That's a fundamental point that missed the BJP entirely, in the punitive DEmo exercise.