红火树 RedFireTree
WION
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Comments by "红火树 RedFireTree" (@firetree2007) on "Su0026P Global: India Set to Become World's 3rd Largest Economy | World Business Watch | WION" video.
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India's richest 1% of the population owns 40% of the country's wealth, and the richest 10% own 77%. Based on this, we can do a calculation using the total GDP to estimate income distribution.
India's total GDP is $3.57 trillion, with the average income (GDP per capita) being $2,550 per year.
If 77% of the wealth goes to the top 10%, that amounts to $2.748 trillion.
The remaining $822 billion (23% of GDP) is shared by the rest of the population, which is 1.26 billion people (1.4 billion total population minus the 0.14 billion in the top 10%).
Now, dividing this $822 billion by 1.26 billion people gives $652.38 per year.
Thus, the bottom 90% of India's population has an average income of about $652 per year, far lower than the national average GDP per capita of $2,550. The real income for many would be even lower due to wealth concentration at the top.
from the calculation we know, for 90% of Indian population, 1.26 billion people, the income is less than $2 a day.
The United Nations defines poverty as an income of less than $2 per day, and the international poverty line is set at $2.15 per day. so that 90% of Indian population live under the UN poverty line on average, certainly among 90% some got higher income, some got much lower, this is just on average.
your rank in 3 means nothing for the 90% of your population.
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@User-fhihyigji i am here just for teasing you to have fun, nothing else,
India's richest 1% of the population owns 40% of the country's wealth, and the richest 10% own 77%. Based on this, we can do a calculation using the total GDP to estimate income distribution.
India's total GDP is $3.57 trillion, with the average income (GDP per capita) being $2,550 per year.
If 77% of the wealth goes to the top 10%, that amounts to $2.748 trillion.
The remaining $822 billion (23% of GDP) is shared by the rest of the population, which is 1.26 billion people (1.4 billion total population minus the 0.14 billion in the top 10%).
Now, dividing this $822 billion by 1.26 billion people gives $652.38 per year.
Thus, the bottom 90% of India's population has an average income of about $652 per year, far lower than the national average GDP per capita of $2,550. The real income for many would be even lower due to wealth concentration at the top.
from the calculation we know, for 90% of Indian population, 1.26 billion people, the income is less than $2 a day.
The United Nations defines poverty as an income of less than $2 per day, and the international poverty line is set at $2.15 per day. so that 90% of Indian population live under the UN poverty line on average, certainly among 90% some got higher income, some got much lower, this is just on average.
your rank in 3 means nothing for the 90% of your population.
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@Asura_clan no matter how much a country total debt is , as long as the central government do not need to pay for the interest for it, it is OK for the central government, For India, your government need to pay 24% of its total budget to the interest, which mean it does not have more money to invest in others like capital investment or defense or education or R&D, China 's total budget is 7 times of yours, at the same China's total interest payment form central government is only 9% of its total budget, so China have more money to invest in other area, such as your total R&D invest is only 0.65% of your GDP, China is at 2.5 % of its GDP, total money amount is 19.5 times of yours, your whole country's R&D input is only $23 billion, while China's private company Huawei's 2022 total R&D is $25 Billion.
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