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The phrase "economy surpasses" gives a very different impression. The only thing I can take is that India is now generating more income. I'm not sure what to ma

The phrase "economy surpasses" gives a very different impression. The only thing I can take is that India is now generating more income. I'm not sure what to make of it because if one were to look at the income/wealth distribution numbers where the richest 1% hold nearly 60% of India's wealth [0]. It would be interesting to see if this income is enough for India (under equitable distribution assumptions), to make India "unpoor". IF so, it would mean that India does not lack the money or resources. It lacks the means to distribute its resources. [0] https://www.credit-suisse.com/us/en/about-us/research/research-institute/news-and-videos/articles/news-and-expertise/2016/11/en/the-global-wealth-report-2016.html https://www.credit-suisse.com/us/en/about-us/research/resear...

devoply 10y ago
Yeah and how is that number skewed in the US... India has a much better distribution than most Western countries. The problem is that it's divided over a billion people. UK has a significantly smaller population.
- denzil_correa 10y ago
  > The problem is that it's divided over a billion people. UK has a significantly smaller population. UK also is significantly smaller in size too. Just in case, the population density of England is higher than that of India.
  - devoply 10y ago
    dunno how area or population density affects economic output other than perhaps for agrarian economies that need the land. maybe real estate, but you can build up you don't need tons of land for that.
    - denzil_correa 10y ago
      More people, more services and more goods produced - more GDP.
      - vishnujayan 10y ago
        true.Indian GDP is not based on exports but rather Indians producing goods,services and selling to Indians which has a population of 1 billion is pretty much the backbone of our business which contribute to GDP. Each state in India is the size of an European country Competing each other to surpass the growth level are the driving factors of Indian economy..

devoply 10y ago

Yeah and how is that number skewed in the US... India has a much better distribution than most Western countries. The problem is that it's divided over a billion people. UK has a significantly smaller population.

denzil_correa 10y ago
> The problem is that it's divided over a billion people. UK has a significantly smaller population. UK also is significantly smaller in size too. Just in case, the population density of England is higher than that of India.
- devoply 10y ago
  dunno how area or population density affects economic output other than perhaps for agrarian economies that need the land. maybe real estate, but you can build up you don't need tons of land for that.
  - denzil_correa 10y ago
    More people, more services and more goods produced - more GDP.
    - vishnujayan 10y ago
      true.Indian GDP is not based on exports but rather Indians producing goods,services and selling to Indians which has a population of 1 billion is pretty much the backbone of our business which contribute to GDP. Each state in India is the size of an European country Competing each other to surpass the growth level are the driving factors of Indian economy..