India GDP per capita Rs 99,872 ($1567) 2014-15

[Kabira]

Because India compute GDP As Factor Cost and World Bank And IMF on current Market Prices only recently india Change its Gdp Calculation Method.if you were an Economic Student you can Easily differentiate But Since it shows you Cannot

IMF and WB staff just estimates what ever comes to their mind. They are not reliable, other wise Pakistan is growing at 6% according to WB. Next week India will release full year report, lets see how much is changed instead of IMF mumbo jumbo.

 

[Providence]

After this thread, I reckon @save_ghenda is a product of Barkley university

Hehe ... nice pun there

 

[farhan_9909]

Pakistan maintained a higher per capita income than india for nearly 6 decades and most likely either next year or few years from now,we once again will surpass them

Bichaarey ghareeb indians

 

[Roybot]

That is old news, OP is all about "GDP" per capita and not NNI per capita as it was case before.



Just wanted to correct Indians braging about wrong GDP $1800 per capita. Provide official Indian goverment source and I will accept it.

Lol once again thats because Indian government reports GDP figures at factor cost, come next year there won't be any different between the IMF and Indian Government figures!

Hehe ... nice pun there

Sad part is, that am not even making this shyte up!

http://www.nytimes.com/2015/05/18/w...t-reaps-millions-columbiana-barkley.html?_r=0

 

[NKVD]

IMF and WB staff just estimates what ever comes to their mind. They are not reliable[/QUOTE]
Yeah @save_ghenda
Economics is right Why Shouldn't you get Nobel Prize For your Remarkable Talent I think Federal Reserve should Hire you

 

[Kabira]

Lol once again thats because Indian government reports GDP figures at factor cost, come next year there won't be any different between the IMF and Indian Government figures!


=0

Poor excuse, IMF staff estimates. They rarely use exact figures, next year don't expect similarity between Indian goverment figures and IMF. Instead Indians may start to ignore IMF if they show less per capita income then Indian goverment.

 

[Shotgunner51]

As i said you are stupid to think that I just cooked the graphs in couple of seconds. Ofc it's from economicshelp. I just gave you the content of a link which dumbs down the two terms to a critical extent so that bots like you can stop trolling and understand !

what a complete moron to think others will assume u to cook charts and graphs within seconds ... LOL that's idiotic comment of 1st degree ... oh wait u a chart-graph bot? anyway economicshelp seems fine ... yup 'helping to simplify economics' all that's about ... oh you use simplified results? of course why not ... u don't know anything sophisticated as i said ... go get sophisticated results at least try ... now go get some

 

[SrNair]

That is old news, OP is all about "GDP" per capita and not NNI per capita as it was case before.



Just wanted to correct Indians braging about wrong GDP $1800 per capita. Provide official Indian goverment source and I will accept it.

You dont know the basics of economics then how can you teach us ,Indians,about our own economy .Indian economy .
What do you know more than us about our economy ?

And you are asking govt sources.For that you should wait for our govt estimates.

Dont waste your time by estimating our economy.You cant equal our nation with yours on any field including economy with these usless estimtio

 

[farhan_9909]

@save_ghenda

Considering the deficit target for next year,which put the GDP at 320Billion dollars.most likely we will surpass 1650$ mark for per capita next year.add to this the expected appreciation of rupee later this year(bringing it down to 98-99 again)

 

[NKVD]

Poor excuse, IMF staff estimates. They rarely use exact figures, next year don't expect similarity between Indian goverment figures and IMF. Instead Indians may start to ignore IMF if they show less per capita income then Indian goverment.

do you know what is Factor cost GDP i think you need Guidance India's GDP is at factor cost and America's at Market price because in India it is difficult to ascertain the market price of all the commodities and services. Market price is nothing but the MRP you see printed on a good. So it becomes a tedious task in India, or for that matter, any developing country to get the market price. Thus for India it is calculated at factor cost.
Difference between GDP at market price and GDP at factor price? | World of Finance

 

[Kabira]

WB is yet to update India's gdp since 2013 lmao

India | Data

 

[Providence]

Poor excuse, IMF staff estimates. They rarely use exact figures, next year don't expect similarity between Indian goverment figures and IMF. Instead Indians may start to ignore IMF if they show less per capita income then Indian goverment.

There is a fundamental difference between estimating GDP at factor cost and at market prices.

Factor costs means the prices of the factors of production. i.e. Capital( read machinery) and Labour. The product let's say a refrigerator may sell after 3 months for say double the price, those scenarios aren't captured in the prev method. It also doesn't consider the value additions which are done by small unorganized sector as the item passes through the value chain.. Hence, to tackle those scenarios the world wide norm is to estimate GDP at market prices.

 

[Roybot]

Poor excuse, IMF staff estimates. They rarely use exact figures, next year don't expect similarity between Indian goverment figures and IMF. Instead Indians may start to ignore IMF if they show less per capita income then Indian goverment.

Its not a poor excuse! Its ECO101

GDP (Factor Cost) = GDP (Market Prices)- Indirect Taxes +Subsidy

 

[Kabira]

There is a fundamental difference between estimating GDP at factor cost and at market prices.

Factor costs means the prices of the factors of production. i.e. Capital( read machinery) and Labour. The product let's say a refrigerator may sell after 3 months for say double the price, those scenarios aren't captured in the prev method. It also doesn't consider the value additions which are done by small unorganized sector as the item passes through the value chain.. Hence, to tackle those scenarios the world wide norm is to estimate GDP at market prices.

"India
Primary domestic currency: Indian rupees
Data last updated: 03/2014"

India per capita 2014 $1584.

Edit/Review Countries

IMF estimate of $2.3 trillion is for 2015-16 and not 2014-15 which ended March this year.

Its not a poor excuse! Its ECO101

GDP (Factor Cost) = GDP (Market Prices)- Indirect Taxes +Subsidy

I will post this again.

"India
Primary domestic currency: Indian rupees
Data last updated: 03/2014"

India per capita 2014 $1584.

Edit/Review Countries

IMF estimate of $2.3 trillion is for 2015-16 and not 2014-15 which ended March this year. Indian goverment also will provide estimate between $2.2-2.3 trillion for 2015-16. Just like Pakistan GDP $320b for 2015-16.

 

[Providence]

"India
Primary domestic currency: Indian rupees
Data last updated: 03/2014"

India per capita 2014 $1584.

Edit/Review Countries

IMF estimate of $2.3 trillion is for 2015-16 and not 2014-15 which ended March this year.

I dont care what these values say. I am trying to make you appreciate the diff between factor cost and market price. I rest my case though !