Indian Economics thread.

[Rettam Stacf]

Increasing air passenger traffic is a sign of increasing prosperity
check this ranking of countries by air passenger traffic india is the 4th biggest aviation market in the world
View attachment 87695

If you are looking at economic power of a country, total air passengers carried can be one of the several indicators, albeit a weak one.

But if you are looking at the prosperity of the citizens, air passengers carried per capita makes more sense.

For Japan and China, with highly developed high speed rail system that directly competes with air travel, total air + HSR passengers carried would have been a much better indicator.

 

[Chandragupt]

Air passenger traffic doesn't seem like a reliable metric for prosperity, we can see here with Russia beating all the other EU countries with the exception of UK, and Brazil beating out Canada.

There are other factors as to why air passenger traffic is high in those select countries, like having a huge landmass requiring transport through air or being the only mode of transportation to reach a certain destination.

I have suggestion for another metric instead, how about the amount of smartphones, computers, cars or luxury brand bought? Maybe the percentage of sale in the global market for those products in each country for comparison?

You should also see the population of Brazil and Canada

 

[Chandragupt]

Some metrics that should be relevant for India in her current development stage are:
1) Total electricity used
2) Electricity used for residential/manufacturing purposes
3) Cement
4) Steel
5) Imports of raw materials
6) Exports of industrial goods
7) Indian patents accepted in WIPO
8) Disposable income per capita
9) Access to fresh water
10) Urbanisation
11) Agricultural/Manufacturing/Services job ratio
12)Total labour participation rate
13) Mortality rate
14) How many freight/cargo ships enter/exit Indian ports
Etc.

This is the ranking of different countries by electricity consumption
Numbers are provided by the EIA based on 2017 data and are expressed in kilowatt-hours (kWh).

• China - 5.934 trillion.
• United States - 3.888 trillion.
• India - 1.176 trillion.
• Japan - 946.16 billion.
• Russia - 918.58 billion.
• Germany - 538.83 billion.
• Brazil - 516.22 billion.
• South Korea.- 511.76 billion.

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[Chish]

Increasing air passenger traffic is a sign of increasing prosperity
check this ranking of countries by air passenger traffic india is the 4th biggest aviation market in the world
View attachment 87695

After all your claims and assertions have been disproved, you keep moving the goalposts. And yet claimed yourself to be neutral.

 

[Overbom]

This is the ranking of different countries by electricity consumption
Numbers are provided by the EIA based on 2017 data and are expressed in kilowatt-hours (kWh).

• China - 5.934 trillion.
• United States - 3.888 trillion.
• India - 1.176 trillion.
• Japan - 946.16 billion.
• Russia - 918.58 billion.
• Germany - 538.83 billion.
• Brazil - 516.22 billion.
• South Korea.- 511.76 billion.

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Also note this point:

2) Electricity used for residential/manufacturing purposes

 

[siegecrossbow]

Some metrics that should be relevant for India in her current development stage are:
1) Total electricity used
2) Electricity used for residential/manufacturing purposes
3) Cement
4) Steel
5) Imports of raw materials
6) Exports of industrial goods
7) Indian patents accepted in WIPO
8) Disposable income per capita
9) Access to fresh water
10) Urbanisation
11) Agricultural/Manufacturing/Services job ratio
12)Total labour participation rate
13) Mortality rate
14) How many freight/cargo ships enter/exit Indian ports
Etc.

Electricity use and steel production are very high, the latter being the second highest after China. I think the issue with power generation is that it is not stable in India, which could limit development of high tech industries like semiconductor which require stable power supply.

I really think that India could benefit from more hydropower. Most of rainwater is deposited during the monsoon season and there is drought for rest of the year. Building lots of dams will not only provide stable, clean, power supply but solve the problem of water shortage for agriculture.

 

[Andy1974]

Electricity use and steel production are very high, the latter being the second highest after China. I think the issue with power generation is that it is not stable in India, which could limit development of high tech industries like semiconductor which require stable power supply.

I really think that India could benefit from more hydropower. Most of rainwater is deposited during the monsoon season and there is drought for rest of the year. Building lots of dams will not only provide stable, clean, power supply but solve the problem of water shortage for agriculture.

Along with pumped storage, floating solar arrays, fish and other marine farming, tourism and development of the new reservoir coastline… perhaps they should try learning something from China for a change.

 

[PiSigma]

Ireland is ranked high because of foreign tourists visiting that small country
But my point was that GDP of both China and india is underestimated more in case of india because it’s not as organized as China

Actually Ireland is high is because it's an island, so flying is the only way to get anywhere. Big European countries all have HSR, so most people just take the train to other cities or drive.

China's numbers are also depressed, since most people prefer HSR. So if u want to compare tourism, need to look at the tourism spending numbers domestic and international.

 

[PiSigma]

This is the ranking of different countries by electricity consumption
Numbers are provided by the EIA based on 2017 data and are expressed in kilowatt-hours (kWh).

• China - 5.934 trillion.
• United States - 3.888 trillion.
• India - 1.176 trillion.
• Japan - 946.16 billion.
• Russia - 918.58 billion.
• Germany - 538.83 billion.
• Brazil - 516.22 billion.
• South Korea.- 511.76 billion.

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So India produces similar amounts of power to Japan, but have 12x more people. Therefore, have 12x less industry or consumption. Sounds about right.

China is 5x richer than India and produce 5x the power.

US is post industrial, so power use is reduced.

 

[gelgoog]

Power use in the US isn't reduced. US is a major energy hog and is one of largest users of energy/capita. If not the largest.