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I live and work in a Tier 3 city in India. I generally find it more comfortable and liveable in (though perhaps a little too slow and boring). Anyway, one of t
by noufalibrahim 7y ago
I live and work in a Tier 3 city in India. I generally find it more comfortable and liveable in (though perhaps a little too slow and boring).
Anyway, one of things that I've reading about and slowly beginning to align with is the massiveness of the unorganised sector in the country. Lots of transactions and activity takes place in a way that the central government and planning agencies don't have direct visibility into.
To use a programming metaphor, it's a huge ball of legacy code with patches on top of patches on top of workarounds and special cases. Trying to systematically manipulate this is hard, to say the least. I'm not sure if the push to digital transactions, the demonetisation and other things will change this. I don't think it's likely but neverthless, it's an interesting thought exercise.
One interesting podcast that recently discussed this is https://www.thinkpragati.com/podcast/the-seen-and-the-unseen/7954/demystifying-gdp/ https://www.thinkpragati.com/podcast/the-seen-and-the-unseen.... It specifically discusses GDP as a performance measure, what its limitations are and how those are relevant to India.
- sbmthakur 7y agoI live in a Tier 1 city and online transactions have gone up over the years. Not sure how much of this is due to the Demonetization, but UPI has played a significant part.[1] 1. https://www.financialexpress.com/industry/banking-finance/india-loves-upi-90-crore-upi-transactions-so-far-10-crore-in-august-alone/1697018/1 https://www.financialexpress.com/industry/banking-finance/in....
- noufalibrahim 7y agoMy experience as well. A lot of people even in Tier 3 places ask whether if you have Tez or something especially if they don't have change.
- mnywise563 7y agoThere exists a category of Indians who apologise for being Indian...They like to 5uck on f0reign d1cks