Indian Economy: News and Discussion

sauntheninja

Senior Member
Joined
Dec 16, 2020
Messages
1,896
Likes
5,255
Country flag

 

FalconSlayers

धर्मो रक्षति रक्षितः
Senior Member
Joined
Oct 14, 2020
Messages
27,294
Likes
187,936
Country flag
Poor can never be helped by giving out money, u may solve their temporary issue but that won't elevate them from poverty.

If Ambani donates all his wealth he won't be able to feed the entire country for 10 days
Yes it’s true they have a socialist ideology of spending the money they get instead of investing on things.
 

TakAman

Regular Member
Joined
May 16, 2021
Messages
173
Likes
1,168
Country flag
U can't really fault them can u?
Their needs are basic such as food, clothing and Housing.
U need all of those before u can make an investment.

Poor people have no choice.
Actually Indians have a very high saving rate:


29% vs 16% for Americans.

And much higher than Pakis, Banglas.

Even though Americans earn much more, they waste all their money on Brazzers subscriptions, non-sensical stuff.

Asians (both Indians and Chinese) are known to be hard savers in US or Europe.
 

FalconSlayers

धर्मो रक्षति रक्षितः
Senior Member
Joined
Oct 14, 2020
Messages
27,294
Likes
187,936
Country flag
Actually Indians have a very high saving rate:


29% vs 16% for Americans.

And much higher than Pakis, Banglas.

Even though Americans earn much more, they waste all their money on Brazzers subscriptions, non-sensical stuff.

Asians (both Indians and Chinese) are known to be hard savers in US or Europe.
This is the reason why US Economy kept growing fastly, it’s no good to have this number this high it should be 24% atleast for India by 2030.
 

Ajax01

Regular Member
Joined
Feb 29, 2020
Messages
360
Likes
1,183
Country flag
This is the reason why US Economy kept growing fastly, it’s no good to have this number this high it should be 24% atleast for India by 2030.
You should really watch CEA KV Subramanian talk in ISB on YouTube to get an idea of the economic model we are aiming for. Its a good idea to having high savings rate to invest into the economy while demand comes through exports and domestic consumption as % of economy declines. Infact it is most likely indian savings will go up as our population ages. Savings is also bank interest rate agnostic rather demographics related.
 

TakAman

Regular Member
Joined
May 16, 2021
Messages
173
Likes
1,168
Country flag
You should really watch CEA KV Subramanian talk in ISB on YouTube to get an idea of the economic model we are aiming for. Its a good idea to having high savings rate to invest into the economy while demand comes through exports and domestic consumption as % of economy declines. Infact it is most likely indian savings will go up as our population ages. Savings is also bank interest rate agnostic rather demographics related.

Yes, as counter example is that chinese save 48% (2x more than India and 3x more than USA)
while Pakis save 6%:


It is not always linearly related.

Wonder where do Pakis spend most of their wealth.

Secondly it really matters where you are spending your income.
On self improvement, education.

Or just on drinks and brazzer subscriptions like Americans.

Overall, India needs productive investment and productive consumption strategies. Percentage savings, etc would not matter much.
 

Chandragupt Maurya

Tihar Jail
Banned
Joined
Jun 23, 2020
Messages
3,564
Likes
9,414
Country flag
Yes, as counter example is that chinese save 48% (2x more than India and 3x more than USA)
while Pakis save 6%:


It is not always linearly related.

Wonder where do Pakis spend most of their wealth.

Secondly it really matters where you are spending your income.
On self improvement, education.

Or just on drinks and brazzer subscriptions like Americans.

Overall, India needs productive investment and productive consumption strategies. Percentage savings, etc would not matter much.
Pakistan is the biggest supplier of cheap labor to gulf countries
 

Edinburgh

Tihar Jail
Banned
Joined
Mar 5, 2021
Messages
225
Likes
509
Country flag
Pakistan is the biggest supplier of cheap labor to gulf countries
There's nothing wrong with exporting labor.
India and Pakistan have 8. 5 million and 6 million workers respectively in the Gulf States.Bringing back tens of billions of dollars a year.
 

FalconSlayers

धर्मो रक्षति रक्षितः
Senior Member
Joined
Oct 14, 2020
Messages
27,294
Likes
187,936
Country flag
There's nothing wrong with exporting labor.
India and Pakistan have 8. 5 million and 6 million workers respectively in the Gulf States.Bringing back tens of billions of dollars a year.
Source?
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,978
Country flag
Ya'll Nibbiars Kesoram Rayon, a BK Birla Group Company has suspended operation's in Bengal with 2500 direct jobs and many indirect jobs getting suspended. Not a single debate on it in local Media. The more factory closes, the more TMC gains. Jobless youths will become its foot soldiers. Same happened during Left rule.

Amitabh B.
 

sauntheninja

Senior Member
Joined
Dec 16, 2020
Messages
1,896
Likes
5,255
Country flag
Ya'll Nibbiars Kesoram Rayon, a BK Birla Group Company has suspended operation's in Bengal with 2500 direct jobs and many indirect jobs getting suspended. Not a single debate on it in local Media. The more factory closes, the more TMC gains. Jobless youths will become its foot soldiers. Same happened during Left rule.

Amitabh B.
yet Haryana's unemployment rate is 26.4

 

Lonewolf

Psychopathic Neighbour
Senior Member
Joined
Jan 26, 2021
Messages
7,300
Likes
27,599
Country flag

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
29,416
Likes
112,978
Country flag

Latest Replies

Global Defence

New threads

Articles

Top