Comments by "红火树 RedFireTree" (@firetree2007) on "Decoding The Rise Of India's Luxury Power Players | Latest News | Gravitas" video.

  1. from the calculation we know, for 90% of Indian population, 1.26 billion people, the income is less than $2 a day.
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  2. This is the reality of India, now Modi is in UN with his big mouth talking about the future, while under his term in India, he made this country with no future.
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  3. 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.
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  4. 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.
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  5.  @bekkemlavanyareddy6503  mattered, or you wont come out to deny it
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