A country that relies on 10 million of it's population for the 50% of its revenue is insane. Yet, we have countless people that keeps barking up the Indian economic miracle like it's arrived already. I too wants Indian economy to grow to benefit the people of that country's lives and maybe in the course of Indian economic development it's persistent insecurities against China will be lessened (perhaps a tall task) and will bring forth to India an actual confidence and not misplaced arrogance that's loudly being parroted by its media pushed and egged by the West.
1. It was 10 million household not poeple. ( Still not much but anyways that would be 30-40 million poeple)
2. You can take any economy and would find the same discrepancy regarding inequality. The bottom 50% of usa hold 2% of wealth. 2%( Couldn't find data regarding consumption but it can be extrapolate to an extent). What exactly are you blabbering about?
3. The household final consumption expenditure per capita of India is 4.2 k usd. Same for china is 6K usd. You can refer to world bank data for that.
4. The same aggregate data for entire country would put india at 3rd or 4th place and it's growing. Germany and Japan are more or less stagnant nominally speaking.
5. And seriously 10 million. You could have just cross checked that with other high value indicators such as car sales. It was around 4 million last year at third position, more than japan and the numbers are around 3-4 million every year since past 3-4 years. By your 10 million logic or data india should have exhausted it's car sales in around 3 years. Seen that happening?
I agree that china is in far better position than india and india prolly won't ever overtake China but geez the amount of racism that I feel in the posts in these thread is insane..
Like the Indian managers thing, you can make such a list of business failures under any ethnic group but nah . Xypher has a problem when it mentions chinese incompetent managers but you are fine as long as it reeks racism against Indians.