UK slips behind India to become the world's sixth biggest economy

[Cheepek]

Lol Indian government ran a budget deficit of a staggering 21.2% in Q1 2022.

India's fiscal deficit touches 21.2% of annual target in Q1: Govt data

In actual terms, the fiscal deficit was at Rs 3.51 trn at the end of the first quarter of 2022-23, data from the Controller General of Accounts showed

www.business-standard.com

meanwhile Indonesian government ran a budget surplus in Q1 2022. https://www.thejakartapost.com/busi...a-posts-718-million-budget-surplus-in-q1.html

Oh the irony again

Dumbo that's 21% of our annual deficit target.
One ret@rd wasn't enough, now we have two monkeys masquerading as economic ex-farts!

 

[nufix]

Yeah and Indonesians are fallen from heaven. All your posts are proof that how we are so much better off.

Better off? Man, just throw a quick look at people around you and tell me how you are better off? I would not even bother mention it point by point.

Dumbo that's 21% of our annual deficit target.
One ret@rd wasn't enough, now we have two monkeys masquerading as economic ex-farts!

Hey your deficit man, i might be stood corrected by the deficit is still there. Thanks to Indian economic "experts" lol

 

[Cheepek]

Man, trying to defend a higher cost of living at a much lower budget because "aT Le4st tHe GovErnMenT eArNs" is downright pathetic. Saudi oil is also subsidised you know. So, to me it sounds more like Indian government could not afford to help its people while Saudi and Indonesian government could.

Furthermore, Saudi Arabia does not rely on imports to meet its oil need while Indonesia produces oil more than India on per capita basis (3150+ barrels vs 550+ barrels) which makes it less reliant on import than India is. India's per capita production is comparable to EU countries, but people in the EU could actually still afford such prices while people in India on average..... well, we all know.

Taxing a commodity whose demand is met primarily by imports == higher cost of living?
From which part of the brain do you churn out such gibberish?

 

[nufix]

Taxing a commodity whose demand is met primarily by imports == lower cost of living?
From which part of the brain do you churn out such gibberish?

Demand primarily by imports? I mean like India that imports over 80% of its oil needs? Meanwhile, Indonesia out produce India in oil production with lower number of population lol.
From which part of the brain do you churn out such gibberish?

 

[Cheepek]

Better off? Man, just throw a quick look at people around you and tell me how you are better off? I would not even bother mention it point by point.



Hey your deficit man, i might be stood corrected by the deficit is still there. Thanks to Indian economic "experts" lol

Almost all countries barring a select few run budget deficits, my gawd just shut up!

 

[Black Tornado]

Better off? Man, just throw a quick look at people around you and tell me how you are better off? I would not even bother mention it point by point.

You should do that, as you’re claiming to be the best here, we ain’t as rich as y’all.

 

[nufix]

Almost all countries barring a select few run budget deficits, my gawd just shut up!

Yeah, so much for not subsidising your poor population to get tax revenue eh?

You should do that, as you’re claiming to be the best here, we ain’t as rich as y’all.

Where did we claim we are the best? but average Indonesians do have more money than average Indian. That is beyond debate.

 

[Cheepek]

Meanwhile, Indonesia out produce India in oil production with lower number of population lol.

My gawd.
Yes you are correct. I admit Indonesians are far better than Indians at drilling oil from their posteriors.

 

[Black Tornado]

Where did we claim we are the best? but average Indonesians do have more money than average Indian. That is beyond debate.

Not much difference in per capita terms, day night difference in absolute terms.

Yeah, so much for not subsidising your poor population to get tax revenue eh?

Which generates tax revenue thats spent on capex and boosts GDP, what’s wrong? This atleast gets us high GDP growth compared to other major economies.

 

[nufix]

My gawd.
Yes you are correct. I admit Indonesians are far better than Indians at drilling oil from their prosteriors.

Hey that is better than buying oil drilled from someone else's prosterior

 

[Cheepek]

Hey that is better than buying oil drilled from someone else's prosterior

I don't know, maybe you are correct. You sure sound experienced enough.

 

[nufix]

Not much difference in per capita terms, day night difference in absolute terms.
View attachment 877086


Which generates tax revenue thats spent on capex and boosts GDP, what’s wrong?

Source?

WB shows India per capita at 2,227 at most for 2021 https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=IN

Indonesia is at 4.291. https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=ID

That is almost double

I don't know, maybe you are correct. You sure sound experienced enough.

Not as much experienced as you guys in terms of other people's posterior of course

 

[Black Tornado]

Source?

WB shows India per capita at 2,227 at most for 2021 https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=IN

Indonesia is at 4.291. https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=ID

That is almost double

You talked of money, I posted the global wealth databook’s 2021 data.

https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2021.pdf

 

[nufix]

You talked of money, I posted the global wealth databook’s 2021 data.

https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2021.pdf

Thanks, but my point still stands though. Furthermore, the same sources show Indonesia's per capita gdp being more than twice India, therefore classifiying it as upper middle income country while India is still in the lower middle income country.

 

[Farhan Bohra]

Lol Indian government ran a budget deficit of a staggering 21.2% in Q1 2022.

India's fiscal deficit touches 21.2% of annual target in Q1: Govt data

In actual terms, the fiscal deficit was at Rs 3.51 trn at the end of the first quarter of 2022-23, data from the Controller General of Accounts showed

www.business-standard.com

meanwhile Indonesian government ran a budget surplus in Q1 2022. https://www.thejakartapost.com/busi...a-posts-718-million-budget-surplus-in-q1.html

Oh the irony again

Comparing external debt with deficit, and seeing it as irony. Why I am getting a feeling that here Indonesians are far more worse than Bangladeshis in understanding economics.