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India is the richest country in the world. You don't grow to 1.3 billion people because your hungry and poor or don't have resources. How could a people even b

India is the richest country in the world. You don't grow to 1.3 billion people because your hungry and poor or don't have resources. How could a people even breed themselves to 1.3 billion with the lack of resources? These stories are someones fabrication. There is plenty of water in India or their population wouldn't be growing.

arethuza 11y ago
"India is the richest country in the world." Using what measure? Using total GDP it seems to be 8th or 9th (behind, for example, Italy) and per capita it is pretty low 120th or worse.
- known 11y ago
  If you want to tell people the truth, make them laugh, otherwise they'll kill you. http://www.dailymail.co.uk/news/article-2325502/Map-shows-worlds-racist-countries-answers-surprise-you.html http://www.dailymail.co.uk/news/article-2325502/Map-shows-wo...
  - snambi 11y ago
    I'm not sure how true this. India is only place where jews were never persecuted. jews, ahmadis, zorastrians lived peacefully in india, when they were persecuted everywhere. https://en.wikipedia.org/wiki/Zoroastrianism#In_South_Asia https://en.wikipedia.org/wiki/Zoroastrianism#In_South_Asia
- snambi 11y ago
  You need to adjust for the currency. Rupee is artificially lowered to boost exports. Italy has 58M people. India has 1.25B people. This is approximately 25 times. So, India needs at-least 25x food, cloths, housing etc. If you take actual quantity and calculate using dollar terms, it would result in india being much bigger economy than Italy.
  - arethuza 11y ago
    But doesn't that imply that comparing national GDPs is silly then - because presumably you could make that kind of argument about any country?
  - akiselev 11y ago
    India is richer than Italy because it has 25 times more people/food? That's absolute nonsense. If you take actual quantity and calculate using dollar terms, this is what you get: https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PP...
    - arethuza 11y ago
      That's interesting - so if you ignore the EU as not really being a country the #1 is China.
      - akiselev 11y ago
        Yes, in aggregate the PPP GDP of China is #1, just slightly ahead of the United States, both of which are just below the European Union (which, to be fair, is like the US but with each state having more sovereignty in the federal system). The picture is complicated by the relative populations though. Per capita, the EU is $25k, China is $13k, US is $54k, Germany is $46k, and India is only $6k. Unfortunately, the PPP calculation is very complicated and controversial so I don't really know how valid or useful these numbers are. Unless we're going for a trivial definition, it also doesn't say much about availability of luxuries, infrastructure, stability of government/economy, etc. so it's not a 1:1 mapping of wealth.
Retric 11y ago
1+ billion poor people means wealth in aggregate, but each of those poor people are going to be making very short term choices. EX: Corruption is a great exmaple of https://en.wikipedia.org/wiki/Nash_equilibrium https://en.wikipedia.org/wiki/Nash_equilibrium

arethuza 11y ago

"India is the richest country in the world." Using what measure? Using total GDP it seems to be 8th or 9th (behind, for example, Italy) and per capita it is pretty low 120th or worse.

known 11y ago
If you want to tell people the truth, make them laugh, otherwise they'll kill you. http://www.dailymail.co.uk/news/article-2325502/Map-shows-worlds-racist-countries-answers-surprise-you.html http://www.dailymail.co.uk/news/article-2325502/Map-shows-wo...
- snambi 11y ago
  I'm not sure how true this. India is only place where jews were never persecuted. jews, ahmadis, zorastrians lived peacefully in india, when they were persecuted everywhere. https://en.wikipedia.org/wiki/Zoroastrianism#In_South_Asia https://en.wikipedia.org/wiki/Zoroastrianism#In_South_Asia
snambi 11y ago
You need to adjust for the currency. Rupee is artificially lowered to boost exports. Italy has 58M people. India has 1.25B people. This is approximately 25 times. So, India needs at-least 25x food, cloths, housing etc. If you take actual quantity and calculate using dollar terms, it would result in india being much bigger economy than Italy.
- arethuza 11y ago
  But doesn't that imply that comparing national GDPs is silly then - because presumably you could make that kind of argument about any country?
- akiselev 11y ago
  India is richer than Italy because it has 25 times more people/food? That's absolute nonsense. If you take actual quantity and calculate using dollar terms, this is what you get: https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP) https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PP...
  - arethuza 11y ago
    That's interesting - so if you ignore the EU as not really being a country the #1 is China.
    - akiselev 11y ago
      Yes, in aggregate the PPP GDP of China is #1, just slightly ahead of the United States, both of which are just below the European Union (which, to be fair, is like the US but with each state having more sovereignty in the federal system). The picture is complicated by the relative populations though. Per capita, the EU is $25k, China is $13k, US is $54k, Germany is $46k, and India is only $6k. Unfortunately, the PPP calculation is very complicated and controversial so I don't really know how valid or useful these numbers are. Unless we're going for a trivial definition, it also doesn't say much about availability of luxuries, infrastructure, stability of government/economy, etc. so it's not a 1:1 mapping of wealth.

Retric 11y ago

1+ billion poor people means wealth in aggregate, but each of those poor people are going to be making very short term choices. EX: Corruption is a great exmaple of https://en.wikipedia.org/wiki/Nash_equilibrium https://en.wikipedia.org/wiki/Nash_equilibrium