ST1976
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India is below per capita GDP terms than many African countries and talking of Pakistan, we aren't doing much better than them despite this supposedly being the worst economic period of their existence and this being our best. Our GDP per capita is barely twice that of Pakistan, now compare that to China which is 5 times more than ours. Even Bangladeshis next door who were less than half our GDP per capita like 10 years ago are now equal to us, so we don't really have much to gloat about. As for the topic itself, comparing India to Japan is a joke, one is a manufacturing superpower, one of the cleanest countries in the world that fell into decay because they decided to have less kids and one is a country that lacks toilet ranks 100 on hunger index and is rated one of the filthiest countries in the world.
I'll be very honest here. There is no point in this chest beating, about who has more millionaires. India would obviously have more HNI considering its population and widespread economic inequality.
Japan is a post industrial society with a much smaller population. They have their own problems but way different requirements and geopolitical concerns. But they as a society are way beyond us.
India and Japan cannot be equated together. While India has crossed various milestones it's too early to celebrate, the widespread inequality, unemployment and the countless internal problems needs to be solved first. Maybe in the next couple of decades we'll get close to US/China standards but it's a long way to go.
here we have a news about growing economic power of India
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India's cabinet on Wednesday approved a proposal to spend 11.8 trillion rupees ($142 billion) to extend a free food program for about 800 million beneficiaries for five years.
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=> Under the Pradhan Mantri Awas Yojana - Gramin (PMAY-G), the Government has set an ambitious target to build 3.32 crore houses. As of November 19, 2024, 3.21 crore houses have been sanctioned, and 2.67 crore houses have been completed, significantly improving the living conditions of millions of rural families.
The PMAY, in the last 10 years, has ensured 4.21 crore houses for eligible economically poor families, according to the latest government figures.