Most of the problems of India is because of its Over Poulation and India has to control its population only. otherwise India has around 350mil Upper Middle Class, similar to total population in 1947/1951, 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:
we find GDP of India was $4.45tn in 2011 but its still manipulated by the US/UK since 2006. as, till 2005, 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 60% to 70% higher, of the country like Brazil/Turkey it was around 10% higher. and for the developed nations, the difference was hardly around 1% to 3%. like as below:
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's official: India's a trillion-$ economy - Times Of India
means, GDP of India on PPP was already $5.16tn in 2005. again we have India's growth rate since 2005 as below:
India GDP Annual Growth Rate
here we find, average growth rate of India from first quarter 2006 till december qurater 2011, stood at around 8.6%, on 'annual' basis. hence even if we consider 8.5% annual growth rate of india for the six year time between 2006 to 2011, and considering GDP on PPP of India at $5.16tn in 2005, we may calculate its value by 2011 as below:
GDP on PPP of India by end 2011 = 5.16*1.085*1.085*1.085*1.085*1.085*1.085 = $8.42tn
but we would also get to know that PPP value consider value of goods and serivces in US$ 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, with considering an overall factor of just 1.08 only then also, then
GDP on PPP of India comes around = 8.42 * 1.08 =
$9.1tn by 2011.
and it still hasn't included 'Value Added' effects also. but we also know that the undocumented part of GDP might not have registered the similar growth as the accurate datas which we consider in New Method, so I would put GDP on PPP of India at least at
$8.1tn by 2011.
again, for those who have further interests, we know that share of agriculture was aroud 15% in India's GDP in 2011 therefore, we find share of agriculture in indian economy, 0.17 * 8.0 = $1.36tn, on which 52% population of india is dependent. means around 600mil people based in agriculture in india have per capita income = $2,266.
this way, 8.1 - 1.36 = $6.74tn is left for rest of 600mil people based in industry and service in India, with per capita income of around $11,000 on PPP which is higher than Brazil..........
again, we have news that a third 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 $2,500 which takes a share of $750bil hence we are then left with around 6.74 - 0.75 = $6.00tn, around, for rest of 300 mil people, the so called Middle Class of India with per capita income around $20,000 on PPP. but it is estimated that agriculture sector also have around 50mil Middle Class whose share is more 'undocumented' as agriculture is also non-taxable business in India.
so we find total middle class of India around 350mil with per capita income around $19,000 on PPP which is similar to Very High HDI countries like Argentina, Poland, Saudi Arabia etc
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