Its the system. Phoren (western) countries have a better environment where the Indians excel the most. Bring that environment to India and you will see that they will beat the world. What's bogging India down is the vote bank politics of our country plus poverty & illiteracy.
its only high populaton mate. we have new GDP Per Capita on PPP calculation for India considering the year 2012 also, as below:
now poverty of India is because of its over population. Most of the problems of India is because of its Over Poulation and India has to reduce its population only. otherwise India has around 350mil Upper Middle Class, more than total population in 1947, whose per capita income on PPP is similar to the Very High HDI countries like Argentina, Poland, Saudi Arabia etc. one day I calculated as below:-
first, we find GDP on PPP of India was $4.45tn in 2011 but its still manipulated by the US/UK since 2007. as, till 2006, we had a different way of measuring GDP on PPP which used to include estimated undocumented part of GDP also. and I remember, this way GDP of high population 'developing' countries was around 50% to 80% higher, and for the middle order countries like Brazil/Turkey it was around 10% higher. and for the developed nations, the difference was hardly around 1% to 3% by that "Old Method" which was in application till 2006. like as below:
"There are, however, practical difficulties in deriving GDP at PPP, and we now have two different estimates of the PPP conversion factor
for 2005,
India's GDP at PPP is estimated at
$ 5.16 trillion or $ 3.19 trillion depending on whether the old or new conversion factor is used," it said.
It's official: India's a trillion-$ economy - Times Of India
means, GDP of India on PPP was already $5.16tn in 2006. again we have India's growth rate since 2007 as below:
India GDP Annual Growth Rate
here we find, "Average Growth Rate" of India from first quarter 2007 till december qurater 2012, stood at around 7.7%, on 'annual' basis, considering GDP growth for the year 2012 around 5.7% only, as estimated. hence considering GDP on PPP of India at $5.16tn in 2006 by Old Method, we may calculate its value by 2012, after 6 years since early 2007, as below:
GDP on PPP of India by end 2012 = 5.16*1.077*1.077*1.077*1.077*1.077*1.077= $8.053trillion
but we would also get to know that PPP value consider value of goods and serivces in US$ term, means we would include the factor of inflation of United States also. and if we consider average 1.5% inflation of US for those six year in between early 2007 to 2012, with considering an overall factor of just 1.10 this way, then GDP on PPP of India comes around = 8.053* 1.1=
$8.86tn by 2012. and it still hasn't included 'Value Added' effects also........
again, we know that share of agriculture was around 17% in India's GDP in 2012. therefore, we find share of agriculture in indian economy, 0.17 * 8.86= $1.506 trillions, on which 50% population of india is dependent. means around 600mil people based on agriculture in india have per capita income around = $2,500 on PPP by 2012, which is itself similar to the lower middle order countries.
this way, 8.858 - 1.50 = $7.36tn is left for rest of 600mil people based in industry and service in India, with per capita income of around $12,366 on PPP which is higher than Brazil..........
again, we have news that 25% of the population of cities are either in slum or in bit better condition only. so we would consider per capita income of 300mil living in cities in low condition at hardly $3,000 which takes a share of $900bil from its GDP. hence we are then left with around 7.36 - 0.90 = $6.46tn, around, for rest of 300 mil people living in cities, the so called Middle Class of India with per capita income around
$21,533 on PPP this way.
but it is estimated that out of total 600mil people based in agriculture sector, it also has around 50mil Lower Middle Class with Per Capita Income around $12,000 on PPP. (as we know that agriculture has higher share of 'undocumented' part, with that, Agriculture also has higher share of non-taxable business of India.)
so we find total middle class of India around 350mil with per capita income around $20,000 on PPP which is similar to Very High HDI countries like Argentina, Poland, Saudi Arabia etc, and more than total population of India at the time of freedom in 1947
Most Expansive Places to Live
15-10-2012
5th Moscow $17,566 per sq.m.
7th Singapore $16,350 per sq.m.
10th
Mumbai $11,306 per sq.m.
12th Sydney $8,774 per sq.m.
20th Shanghai $6,932 per sq.m.
29th Istanbul $4,569 per sq.m.
47th Dubai $3,393 per sq.m.
54th Bangkok $2,996
68th Kuala Lumpur $2,182 per sq.m.
73rd Jakarta $,2099
World's most expensive cities
MUMBAI:
Office rentals in Mumbai and Delhi continue to be among the highest in the world, beating the likes of New York, Washington or Shanghai despite a depreciating rupee. Renting office space in Mumbai and Delhi costs over $65 and nearly $73 per square meter a month, while the same costs $63 in New York $48 in Washington and $41 in Shanghai, property consultancy firm DTZ said in a report.
Mumbai, Delhi office rentals top Shanghai, New York - Economic Times
Now there is something wrong with the policies of India??? SO you do agree then that the Indian NRIs asking for socialism are the biggest hypocrits in the world?
