Comments by "红火树 RedFireTree" (@firetree2007) on "Tracking India's Economic Affluence | World Business Watch | WION News" video.

  1. All the numbers show that India’s bubble of being the "next superpower" and the "fastest growing economy" is bursting. India set a target of $110 billion in FDI, but in reality, in 2024, it received only $10.6 billion. The top 10% of the population owns 77% of India’s total wealth. Since calculating wealth distribution is difficult, let's use GDP as an estimate. With a total GDP of $4 trillion, the remaining 90% of India’s population (1.26 billion people) share 23% of the GDP, which is $920 billion. This results in an average income of $730 per year, or roughly $2 a day, placing 90% of the population at the UN poverty line. India’s manufacturing sector’s share of GDP has dropped from 17% in 2013 to 12.84% in 2023. This trend suggests that India will continue to remain largely agricultural and struggle to industrialize to the necessary 20% threshold.
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  2.  @RebeccaPerry-Piper-u8x  Just like Russia, despite being at war and under Western and U.S. sanctions, its economy is still surging due to its nearly endless natural resources. India contributes to this by purchasing large amounts of Russian oil, sending money to Russia. This demonstrates that the world largely runs on material resources—those with real, tangible assets are rich and strong. India, on the other hand, lacks such resources. What it does have in abundance is people, but there are no jobs and no significant natural resources. Instead, there’s plenty of empty rhetoric, which is entirely useless. Pakistan has a much brighter future than India, as a huge oil reserve was recently discovered in Pakistan’s waters, ranked the 4th largest in the world and the largest in Asia. Although it will take time to explore and develop this resource to generate wealth, it signals a promising future for Pakistan to potentially become one of the wealthiest countries in the world—unlike India.
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  3.  @RebeccaPerry-Piper-u8x  if you know how to make them and use them
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  4.  @RebeccaPerry-Piper-u8x  In 2021, China had installed 18 percent more robots per manufacturing worker than the United States. And when controlling for the fact that Chinese manufacturing wages were significantly lower than U.S. wages, China had 12 times the rate of robot use in manufacturing than the United States.2023-9-5
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  5. now the question should be, what now? what to do? who is responsible for all these? Top 1% Indians own 40% of total wealth, using GDP, these group of 14 million people with average GDP of $114000 per person per year. Rest to them the top 9% of people, total 126 million people, with average GDP of $11700 per person per year Rest 90% of Indians, 1.26 billion people, with $2 a day.
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  6. In 2021, China had installed 18 percent more robots per manufacturing worker than the United States. And when controlling for the fact that Chinese manufacturing wages were significantly lower than U.S. wages, China had 12 times the rate of robot use in manufacturing than the United States.2023-9-5
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  7. the large scale of using robot is the future, therefore, "with largest youth population" but no jobs for them is a tragedy for India since they have no jobs therefore not only they cannot create any wealth but also they have to eat to survive and hence a huge burden already.
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  8. as shown in Oct 10th 2021, The Express Tribune, with title "Indians furious. ..........."
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