Comments by "红火树 RedFireTree" (@firetree2007) on "‘Indian Economy Can’t Progress Until…’: Rahul Gandhi Alerts Modi Govt After Shocking Q2 GDP Numbers" video.

Exactly. In India, the top 1% of the population holds 40% of the country’s total wealth, while the top 10% controls 77%. The remaining 90% of the population holds only 23% of the wealth. Using GDP as a measure, the 90% of Indians, who live on just $2 a day—at or below the UN poverty line—lack spending power. Without sufficient consumer spending, there is no driver for economic growth. With India also suffering from a significant trade deficit, growth cannot come from trade either. As a result, the country’s economic growth is bound to decline.
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India's official poverty line, as per current methodology, is approximately ₹1,059.42 per month for rural areas and ₹1,286 per month for urban areas, which translates to about ₹35 and ₹43 per day, about $0.4-0.5 a day, respectively. This standard is notably lower than international benchmarks, $2.17 a day
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India needs to keep 7% growth for 23 year to reach today's China GDP in 2047, 5.4% growth means India cannot reach today's China GDP in 2047
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According to recent studies, the gap between the rich and poor in India is currently considered to be significantly larger than it was during the British colonial period, meaning that income inequality is worse today than under British rule; this is often referred to as the "Billionaire Raj" being more unequal than the "British Raj."
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@debojitdas9787 India's gap between rich and poor now is greater than the colonial time. It is the worst in the world, at least one of the worst in the world.
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@debojitdas9787 90% Indians with less than $2 a day, you cannot deny it.
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@debojitdas9787 According to recent studies, the gap between the rich and poor in India is currently considered to be significantly larger than it was during the British colonial period, meaning that income inequality is worse today than under British rule; this is often referred to as the "Billionaire Raj" being more unequal than the "British Raj."
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@zacthegamer6145 in your dreams,
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Indian people and the Chinese people have fundamentally different mindsets, ideologies, and values, shaped by thousands of years of cultural and religious traditions. For instance, Chinese intellectuals have long been troubled by the stark inequality between the rich and the poor, as reflected in the saying "朱门酒肉臭，路有冻死骨" (literally, "Behind mansions, delicacies rot, while on the streets, people freeze to death"). Written by Du Fu, AD 755 , 1269 years ago. They have strived for a more equitable society. In contrast, such inequality is often seen as a natural part of the social order in India. Not only rich think this way, the poor also think this way, therefore, there will not change in fundamentals in India like in China, and therefore, India will never be like China.
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@zacthegamer6145 ok then enjoy this, as shown in Oct 10th 2021, The Express Tribune, with title "Indians furious. ..........."
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@debojitdas9787 90% of Indians live at $2 a day, it is very easy to calculate, reason is 10% of top Indians own 77% of India wealth (use the data from G..gle, with an Indian as its CEO), , wealthy is difficult to calculate so use GDP, assume India GDP is $4 trillion (actually not that much) , since 77% for the top 10%, rest of 90% shares rest of 23%, which is $ 920 billion, divided by 1.26 billion, that is $750 a year, or $2 a day (actually $1.97 a day)
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@debojitdas9787 useless argument, your total GDP and your total population is there, easily calculated, you cannot hide,
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@debojitdas9787 India's official poverty line, as per current methodology, is approximately ₹1,059.42 per month for rural areas and ₹1,286 per month for urban areas, which translates to about ₹35 and ₹43 per day, about $0.4-0.5 a day, respectively. This standard is notably lower than international benchmarks, $2.17 a day
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@debojitdas9787 read it carefully, it is not you can "cross over China", it is you cannot even reach today's China GDP (2024) in 2047, that is 23 years in the future.
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@debojitdas9787 you drunk too much cow pea
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90% of Indians live at $2 a day, it is very easy to calculate, reason is 10% of top Indians own 77% of India wealth (use the data from G..gle, with an Indian as its CEO), , wealthy is difficult to calculate so use GDP, assume India GDP is $4 trillion (actually not that much) , since 77% for the top 10%, rest of 90% shares rest of 23%, which is $ 920 billion, divided by 1.26 billion, that is $750 a year, or $2 a day (actually $1.97 a day)
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@zacthegamer6145 so what? tell me, do not be shy, what can you do about it?? nothing, haha, you are so useless.
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@debojitdas9787 90% of Indians live at $2 a day, it is very easy to calculate, reason is 10% of top Indians own 77% of India wealth (use the data from G..gle, with an Indian as its CEO), , wealthy is difficult to calculate so use GDP, assume India GDP is $4 trillion (actually not that much) , since 77% for the top 10%, rest of 90% shares rest of 23%, which is $ 920 billion, divided by 1.26 billion, that is $750 a year, or $2 a day (actually $1.97 a day)
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