Is India really a rich country?

[ohmrlobalobayeh]

Thanks.

I believe most Indians here would want to actually tell you this very fact, but some due to lack of being able to express properly, would have conveyed that we are a land of milk and honey.

Our pride stems from the fact that we are a civilizational country with a powerful history. Indian nationalism has nothing to do with belittling others, as nationalism is viewed in the Western societies.

Hope that clears the air.

Thanks for clearing the air that Britain was ruled, subjugated and expoilted by Indians for over 200 years and that the British Raj+ East India Company atually denoted an Indian-controlled global empire where the sun never sets- n not the other way round.

India got rich n powerful as a result of India's Crown colony- the United Kingdom of Britain, Scotland and Ireland- and that Anglo-Saxons servants, toenail cutters, fan-wavers were serving Indian princes.
Thanks for clarifying India's rich history that she sent Anglo-Saxons prisoners and plantation workers to her colonies all over the globe to toil the land in the name of the Indian Empire.

The UK has India to thanks for the grand inheritance of the Vedic Parliament, Vedic Common Law, and the Hindi language being the lingua franca of all British citizens today.

Thus, puppet- king George IV was grateful to Emperor Mahamat Gandhi of the Indian Comonwealth and her Dependencies for the latter generous and compassionate release of the UK as an independent state.

Such is powerful India's GLORIOUS and POWERFUL civillizational history- truly incredible.

I got tremendously enlightened, thanks.

 

[SBUS-CXK]

Only blindly patriotic Indians think of India as a rich country. Most of us know the truth which is there is a massive disparity between the rich and the poor in India. On the other hand, India is only becoming wealthier with time. Hence finding it's rightful place in the World.

Much to the distaste of Britain and their bastard child.

For exile prisoners. Don't expect too much.

 

[Dalai Lama]

Thanks for clearing the air that Britain was ruled, subjugated and expoilted by Indians for over 200 years and that the British Raj+ East India Company atually denoted an Indian controlled empire n not the other way round. India got rich n powerful as a result of India's Crown colony- the United Kingdom of Britain, Scotland and Ireland.

Such is powerful India' GLORIOUS civillizational history

I got tremendously enlightened, thanks.

You couldn't digest knowledge and enlightenment if it was force-fed to you through a tube. Lumping Ireland in with the rest of Britain goes to show how enlightened you are when it comes to history. Ireland itself was a colony of Britain which was exploited to the point of famine, prompting the Irish to emigrate en-masse to The United States.

While you were beating your chest like a primitive chimp, did you conveniently forget about how a tiny country called Mongolia dominated your Country forcefully. The mere sight of ~1200 Mongol warriors struck such fear amongst the Han Chinese that they surrendered without offering up any resistance at Wuwei; the second largest city of the Western Xia empire.

Contrast this with the British Raj which was the outcome of the British East India Company attempting to establish stability amongst a divided set of peoples in order to protect their flow of trade and you should feel pretty enlightened indeed.

 

[ohmrlobalobayeh]

You couldn't digest knowledge and enlightenment if it was force fed to you through a tube. Lumping Ireland in with the rest of Britain goes to show how enlightened you are when it comes to history. Ireland itself was a colony of Britain which was exploited to the point of famine, prompting the Irish to emigrate en-masse to The United States.

While you were beating your chest like a primitive chimp, did you conveniently forget about how a tiny country called Mongolia dominated your Country forcefully. The mere sight of ~1200 Mongol warriors struck such fear amongst the Han Chinese that they surrendered without offering up any resistance at Wuwei; the second largest city of the Western Xia empire.

Contrast this with the British Raj which was the outcome of the British East India Company attempting to establish stability amongst a divided set of peoples in order to protect their flow of trade and you should feel pretty enlightened indeed.

Ya I'm indeed enlightened by 200 over years of India's civillizational history.

U guys should be proud- very, very proud.

Thanks.

 

[SBUS-CXK]

You couldn't digest knowledge and enlightenment if it was force-fed to you through a tube. Lumping Ireland in with the rest of Britain goes to show how enlightened you are when it comes to history. Ireland itself was a colony of Britain which was exploited to the point of famine, prompting the Irish to emigrate en-masse to The United States.

While you were beating your chest like a primitive chimp, did you conveniently forget about how a tiny country called Mongolia dominated your Country forcefully. The mere sight of ~1200 Mongol warriors struck such fear amongst the Han Chinese that they surrendered without offering up any resistance at Wuwei; the second largest city of the Western Xia empire.

Contrast this with the British Raj which was the outcome of the British East India Company attempting to establish stability amongst a divided set of peoples in order to protect their flow of trade and you should feel pretty enlightened indeed.

The Mongolia empire was more like Nazi Germany at that time. they occupied the whole of Russia. The farthest reaches Hungary. Only China resists to 1271.

And then, you know Zhu Yuanzhang?

 

[Dalai Lama]

The Mongolia empire was more like Nazi Germany at that time. they occupied the whole of Russia. The farthest reaches Hungary. Only China resists to 1271.

And then, you know Zhu Yuanzhang?

I was just responding to the idiot buddy. I like China but I'm not one to take shit from random nincompoops either.

 

[Shamsher1990]

That's a very simplistic, even illogical, supposition. If all the poors are killed, then the so called rich and nouve riches would suddenly become desperately poor themselves as well, because these rich and nouve riches made their money off the larger population of poor. So if all the poors are killed tomorrow, India will remain a poor country, killing off the poor won't do a thing.

Not exactly. The poors are poor in India because they are highly under-employed and their traditional employment is disappearing due to automation and modernization. Mean while rich and nouve riches are rich not only because it is extremely cheap to live in India but also they are involved in businesses --legal or illegal-- which are extremely well paying.

Think this way, in India a large number of farms are cultivated by families. Their farms keep on getting smaller and smaller with each generation due to property distribution while average family size is still atleast 6-8 members all working in agriculture. Productivity per person goes down with each generation and they become poor. If they had kept their family size to one or two children, this would not have been the result.

Hence I presented the hypothetical scenario : if these excess people were not there --or hypothetically, a dictator eliminated them-- productivity per captia will improve without lowering the overall production or significantly increasing the production cost.

Upshot is :-
1. Rich in India are signficant in number, in fact on a per nation basis India is having top 3 or 4 ranking in number of billionaires. These people are rich not only because they are snatching rights of poor but because they are in higher value and higher paying businesses which poors cannot enter AND their pot of earning grows each year.

2. Poors in India are mostly in businesses that are traditional and are limited not by man power but by other resources: like agriculture where the limiting resource is land itself, another example is land less labourers or migrant labourer. In all of these cases, they are under productive and their overall pot size is remaining same or even decreasing.

3. Even if large number of poors in India were to disappear suddenly --hypothetically speaking-- the riches in India will not become poor.

Hence the reality of India is a dual one -- like a number of other developing nations. There is a realtively small rich part and there is a huge poor part. But since India is pretty large, its relatively rich part --when compared to other nations-- is quite large.

 

[Sugarcane]

Can you have any normal discussion when India is involved?

What's abnormal? It's fact that Hindustani people and media use only third degree for Hindustan i.e. Richest, Fastest, Heaviest, Lightest, Costliest, Cheapest, Best, Most etc.

 

[Shamsher1990]

No one can live on $1.90 a day that's why I said 500 million people.

1.90 USD PPP will be around 34 INR daily.

1 KG of low quality rice costs around 24-30 rupees. For one day you need maximum 200 Grams of uncooked rice. (http://www.agriwatch.com/grains/rice/) : 5-6 INR

Chickpea, major source of protein in India costs 40-60 INR per KG (http://www.agriwatch.com/pulses/chana-chickpeas/) Daily one needs 100 Gram of uncooked chickpea. About 4-6 INR

For INR 15 a person can afford low quality season vegetables like Orca 250 grams (https://www.bigbasket.com/pd/40023470/fresho-ladies-finger-organically-grown-500-gm) or 250 grams of potatoes (https://www.bigbasket.com/pd/40023470/fresho-ladies-finger-organically-grown-500-gm) or Cluster beans (https://www.bigbasket.com/pd/10000039/fresho-beans-cluster-1-kg/) or eggs ( INR 6 per egg).

That brings total of food items to 25. For INR 5-6 in most of villages or smaller cities, you can get coal or cow dung cakes for cooking the items.

Mostly a lot of poor people also keep biscuits like Parle-G incase of emergency. They are cheap (INR 5-10) and can fill the stomach for time being with a small cup of tea.

Its not a glamorous survival but in Indian villages or smaller cities it is possible to barely survive on that amount.

 

[TruthTheOnlyDefense]

1.90 USD PPP will be around 34 INR daily.

1 KG of low quality rice costs around 24-30 rupees. For one day you need maximum 200 Grams of uncooked rice. (http://www.agriwatch.com/grains/rice/) : 5-6 INR

Chickpea, major source of protein in India costs 40-60 INR per KG (http://www.agriwatch.com/pulses/chana-chickpeas/) Daily one needs 100 Gram of uncooked chickpea. About 4-6 INR

For INR 15 a person can afford low quality season vegetables like Orca 250 grams (https://www.bigbasket.com/pd/40023470/fresho-ladies-finger-organically-grown-500-gm) or 250 grams of potatoes (https://www.bigbasket.com/pd/40023470/fresho-ladies-finger-organically-grown-500-gm) or Cluster beans (https://www.bigbasket.com/pd/10000039/fresho-beans-cluster-1-kg/) or eggs ( INR 6 per egg).

That brings total of food items to 25. For INR 5-6 in most of villages or smaller cities, you can get coal or cow dung cakes for cooking the items.

Mostly a lot of poor people also keep biscuits like Parle-G incase of emergency. They are cheap (INR 5-10) and can fill the stomach for time being with a small cup of tea.

Its not a glamorous survival but in Indian villages or smaller cities it is possible to barely survive on that amount.

But India is still an extremely poor country, it's ok a few make money and can be considered rich by Indian standards, but India has a long way to go.

 

[Shamsher1990]

But India is still an extremely poor country, it's ok a few make money and can be considered rich by Indian standards, but India has a long way to go.

A lot of things depend upon what you want to do with a fact.

If you are looking at a country from purely social point of view, eg you want to support children with troubled childhood or malnutrition then it makes more sense to you to go with an estimate of how many poor child with no access to proper diet may be there in that country. So you start with an estimate of how many below poverty line or vulnerable households may exist in a country.

If you are a business looking to a market a product --say a car, you try to estimate how many people are going to be able to buy it and if their number are growing and relative to your other market how big is this number. In that sense for such countries India may be a bigger market than say Australia or Canada because even though the number of poors is extremely large the absolute number of rich is large enough to justify an India specific strategy.

Ultimately 'rich' or 'poor' nation is a oversimplification of a much bigger reality. A poor country may have a massive number of poor folks but it can have more rich folks than perhaps a number of smaller and richer countries. Which is roughly the reality of India is.

 

[HariPrasad]

What's abnormal? It's fact that Hindustani people and media use only third degree for Hindustan i.e. Richest, Fastest, Heaviest, Lightest, Costliest, Cheapest, Best, Most etc.

Who said that India is richest?

 

[Kamikaze Pilot]

@Tshering22 bhai,

Would you mind if I marry a Sikkimese girl?

 

[LASER1]

Umm. he is not your brother?

I have no brothers here.

 

[HariPrasad]

1.90 USD PPP will be around 34 INR daily.

1 KG of low quality rice costs around 24-30 rupees. For one day you need maximum 200 Grams of uncooked rice. (http://www.agriwatch.com/grains/rice/) : 5-6 INR

Chickpea, major source of protein in India costs 40-60 INR per KG (http://www.agriwatch.com/pulses/chana-chickpeas/) Daily one needs 100 Gram of uncooked chickpea. About 4-6 INR

For INR 15 a person can afford low quality season vegetables like Orca 250 grams (https://www.bigbasket.com/pd/40023470/fresho-ladies-finger-organically-grown-500-gm) or 250 grams of potatoes (https://www.bigbasket.com/pd/40023470/fresho-ladies-finger-organically-grown-500-gm) or Cluster beans (https://www.bigbasket.com/pd/10000039/fresho-beans-cluster-1-kg/) or eggs ( INR 6 per egg).

That brings total of food items to 25. For INR 5-6 in most of villages or smaller cities, you can get coal or cow dung cakes for cooking the items.

Mostly a lot of poor people also keep biscuits like Parle-G incase of emergency. They are cheap (INR 5-10) and can fill the stomach for time being with a small cup of tea.

Its not a glamorous survival but in Indian villages or smaller cities it is possible to barely survive on that amount.

1.Recently I visited a tribal area. They have a very low income but they do not need any money except filling petrol and recharge mobile. They have everything available from their source I.e. milk, food etc. So majority of those low income people are in villages where there they have all the resources required for life are there own and they do not need to buy them.

2. World bank has said that india's poverty will reduced to 1/4th as the new ppp valuation is due .