Comments by "红火树 RedFireTree" (@firetree2007) on "Parliament Session 2024: PM Modi Takes Oath As Lok Sabha MP Amid Rousing Cheers | Watch" video.
-
11
-
Modi failed almost all his promises for the first 2 terms, now, for the third term, his major promise is to make India the third economy, well, it is an empty pie again, and here is why:
The United States spends 23% of its GDP, which is about $6.5 trillion. China also spends 23% of its GDP, totaling $4 trillion. India, with a smaller economy, spends less, allocating about 15% of its GDP, which amounts to $580 billion for 2024. Although India's total GDP is $3.73 trillion, roughly 1/4.6 of China's, the amount it can spend is about 1/6.9 of China's expenditure.
How much money a country can spend is crucial for its development and national defense, as it reflects a country's real strength. While you may inflate your GDP numbers to make them appear larger, you cannot spend inflated figures. You may claim that you surpassed the UK in GDP, but the UK's budget is $1 trillion a year, which is 1.72 times that of India. Therefore, for India, its GDP number does not mean much since it cannot reflect its real strength, if we assume India actually also spend 23% of its real GDP, then the real GDP of India is $2.52 trillion. Rank number 8 in the world, after France 's $3.1 trillion, therefore, Modi's promise to make number 3 will remain as a dream
7
-
under Modi, the gap between India and China widened, in 2014, India GDP was $2 trillion, China was $10 trillion, difference is $8 trillion, in 2023, despite India claims it had the fastest growth, India GDP is $3.73 trillion, China is $17. 7 trillion, the difference is $14 trillion, that is 75% increase in the gap.
3
-
2
-
2