Comments by "红火树 RedFireTree" (@firetree2007) on "Gadkari New Jibe At Modi Govt? Road Minister Jokes About BJP Not Retaining Power In 2029; Watch Why" video.

  1. with more than 10 years under BJP/Modi, India with 90% of population earns $2 a day, and with India's manufacturing down from 17% in 2013 in GDP to 12.84% in 2023 with no hope to get industrialized.
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  2. 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 for 2024 is $4 trillion, with the average income (GDP per capita) being $2857 per year. Top 1 % own 40% of the wealth, that is $1.6 trillion, and shared by 14 million people, with income for them is $114,286 a year per person. If 77% of the wealth goes to the top 10%, that amount is $4 trillion x 77% =$3.08 trillion, among it, $1.6 trillion is already taken by top 1%, so it is $3.08 trillion- $1.6 trillion= $1.48 trillion, shared by 9% of India population, to make it for this group to have $11746 per person per year. The remaining $920 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 $920 billion by 1.26 billion people gives $730 per year per person Thus, the bottom 90% of India's population has an average income of about $730 per year, far lower than the national average GDP per capita of $2857. The real income for many would be even lower due to wealth concentration at the top. From the calculation we know, for 90% of the Indian population, 1.26 billion people, the income is $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 the 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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