Hardly 20 to 25 mega cities/towns. It shows our lopsided planning. That's why all the mega cities are flooded with people and mush room colonies of poor people. Our Stage Governments must change their outlook and try to develop second and third tier towns so that dependency on mega cities will come down and all round development can be expected. But will it happen? Let me hope so.
RE:Ten cities with high Annual income
by Pavan C. Joshi on Aug 22, 2008 06:08 AM Permalink
- Dummies ..
Sad to say govt.'s claim that China is 'round-tripping' biz friendly place is bang-on! Hold on a min., turns out same re: India. Asia capital flight thanks to outright (outrageous) Communism and India's slow silting as per govt. 'Socialism' made others richer.
Past is over, the wealth that left Asia over past 50 yrs. is returning ... howusay ... 'round-tripping' back in big multiples. Re: leakage and wealth destruction, in China's case, there was lots of loss and waste ... jhatka style! Thanks Communism. Same with India. Except, the process was a slow-bleed ... full halal ... hehe ... howusay ... 'Socialism'. And the returning or 'round-tripping' money is amplified with add-on investments by a saturated world. Inida-world's last big market!
Asia, it's govt.'s, it's 'modern' leaders and founding father's were and continue to be its greatest ... so sorry to say ... burden. No blame! Apologize, say sorry ... not sc**w your ppl. When will Asians grow up? Wake-up ... .
Why do we talk anbout PCI. Itis all jugglery and misleading.If we hv to compare our county with other countries, we have to equalise the basis and than compare on the basis of PCI. It is erroneous to compare straighaway on the basis of per capta income. We hv to remove the creamy layer and than see. India is not the Indian cities and those who r getting 40K and 50K and soft ware engineers. India is elsewhere which most of us either do know or never bring it out in the reckoning. The fact is that we r very very poor and it will take many many years to come to the stage when we can compare ourselves with other Nations who matter. Unfortunately we r too slow and waste our energies in self developement and give scant attention to developement of the total society.Education, strict family planning and equel distribution of wealth on the basis of efforts put in, will only help. May the wisdome prevail.
Please see the average income of the people by removing the upperclass. As per the survey of UN, the people below poverty level in India live with a income of Rs 30 per day.
The present categorisation of countries based on National Income / per capita income is useless. Developed countries have grown tremendously during last 50 yrs, but happiness of people of these countries has not increased, on the contrary it has decreased slightly. Similarly Ambani brothers r the richest in India, but they r not talking to each other. It means they'r not happy. Their mother must b very unhappy. Our per capita income has doubled in 7 yrs, but has the happiness doubled? This increase in income is meaningless for people under poverty line. Moreover, once a person's basic needs of food, shelter, clothing is met, his happiness no longer increases with increase in income.
So why to degrade the environment in the name of GDP etc.? Instead a Happiness Index should b evolved. Measures should b taken for increasing happiness of the people.
Population control is also a must. We must strongly follow Chinese policy of one child norm (followed by them since 1979).
RE:National Income should b replaced by National Happiness
by Secular India on Aug 02, 2008 09:06 PM Permalink
Bakwaas mat kar. India's poor will get fed only if there is at least 15% GDP growth for the next 20 years. And prosperity in itself reduces population as all studies have shown. Happiness and wealth generation are strongly related.
I dont understand as whats so proud pointing our the percapita income,
In past india had been ruined by so many countries , we still are happily proud to say out per capita income has increased and our FM saying we will grow double in every 9 years at this 9% GDP...
Also Why inflation is taken using whole sale index and not Retail price?
How many of you can refuse this that you are paying more than double of what you used to pay for groceries,food, clothes and prices have trippled for buying a home, steel,cement , take schooling price or college price or marriage or festival expenditure.. for a matter of fact just take any thing and compare for last few years back...
And Come on dont tell me that we used to get 30k and now get 60-80k a month...If this pace goes on then those you all could not make sufficient income managing such high inflation growth then i am sure most of those who r in their 50's and already retired if not have planned sizeable income for retirement will be duped.
What will happen if 2001 repeats and IT crisis come or industrial break down happen if the stock market goes boom !? how many of you can pay your EMI's?, live in this costly India...? God help india...
Lets just pray all goes fine for ever and live happily ever after.
RE:Why inflation is taken using whole sale index and not Retail price?
by Jojo George on Jul 29, 2008 11:47 AM Permalink
India has one of the highest rates of wage inflation in the world. It has been staying around 12% to 15%, and except for a few ITES companies, no one was complaining. That, a labour abundant country like India was having one of the highest wage-inflation rates in the world, should have told us something about the extent of structural inflexibilities and skill shortages that the Indian economy was facing. In a developed economy, wage inflation needn't necessarily cause even a medium term price inflation because the additional income due to wage inflation translates to additional effective demand, which through market signals, result in increase in production of goods and services to meet this demand. When infrastructural bottlenecks and skill-shortages prevent supply from catching up with demand, price inflation is the immediate result. Hyper wage inflation in certain sectors were celebrated by the Indian middle-class without realizing that it is the first clear indicator of a structural malaise. But, now that price inflation is catching up, we all crib. In fact, some people who benefited greatly from the economic reforms of the last couple of decades now crib about them. The tragedy is that the structural bottlenecks are the result of slowing down reforms in areas ranging from labor market to pension to retail to education in the last few years. The government knows it, industry associations know it. It is the middle-class, which needs to lend its weight to policy corrections
RE:Why inflation is taken using whole sale index and not Retail price?
by Jojo George on Jul 29, 2008 12:41 PM Permalink
The government, for valid reasons as well as for fear of electoral backlash, is trying to affect effective demand by absorbing liquidity through interest rate hikes. That will work in the short-run, although with a time lag. But in the long run, the solution is not to force demand down, but to remove the obstacles that prevent supply from catching up with rising demand. China went through a phase of sustained double-digit inflation, but the government there did not have to worry about short-run electoral issues, and so, China did not try demand management. China went ahead with faster liberalization and decontrol to let supply catch up with demand. In the long run, that certainly is a better solution. Indian government cannot ignore short-term sentiments, and therefore, the RBI will have to mop up excess liquidity in the current market. But, hope the Prime Minister shows the statesmanship and long-run vision that he showed during the first phase of reforms as well as on the Nuclear deal, again on de-bottlenecking the economy further.
Inflation can be technically measured using Consumer Price Index as well. But, then don't expect to get a nation-wide average. CPI figures will vary from city to city as consumption bundles vary between regions. WPI, and not CPI, is used for indicating inflation rate precisely because of comparability issues.
RE:Why inflation is taken using whole sale index and not Retail price?
by Girish Rao on Jul 29, 2008 10:47 AM Permalink
in 2001 our IT industry was not mature. We will survive much better than the last time. Also remember that civilization is a self-organizing complex thing, there might be some hiccups now and then, but then we will always continue to improve. The challenge is to improve at a fast rate for a number for years. As for old people unlike in West even today parents live with children and share in the expenses(thus providing stability as well as bringing down cost of living) so that is not as big a problem as in the west.
RE:Why inflation is taken using whole sale index and not Retail price?
by sathian k on Jul 30, 2008 08:21 AM Permalink
well i am not sure if anyone said or predicted that IT industry was not mature 2001 and neither do experts predict now, so i leave it there...may be i was just alarming and hope we IT Guys are in safe hands like TCS, Infy, Wipro, etc.
Live with kids is different from depending on kids...So you would be happy to be a dependent father of your kid and live life happily?..fine. I am sure u would start cribing if u live one such adjusting life.
IN A PLANE THERE WERE 5 OCCUPANTS , THEIR AVG INCOME WAS 80000 CR....BUT THE PASSANGERS WERE MUKESH A, ANIL AMBANI AND BILL GATES ...U AD ME KNOW HOWMUCH THE PILOT AND CO PILOT EARNS...2 CUT THE STORY SHORT ..IF AMBANIS /BIRLA/TATA LEAVE THE COUNTRY AND OPT FOR US CITIZONSHIP ..INDIAS PER CAPIA INCOME WILL BE LESS THAN 200USD
according to atlas method, India's GDP is 1.17 trillion dollars, and China's GDP is 3.28 trillion dollars. the following matter is false information by the author of this column. "China is the world's second largest economy, with its GDP standing at slightly more than $7 trillion. India, by comparison, touched the $1-trillion mark in 2007." The author has mixed up atlas method and PPP method and gave this wrong data. According to PPP terms China's GDP is 6.99 trillion dollars and GDP of India is 2.81 trillion dollars. The author has irresonsibley written the above statement which indicates that China is nearly 7 times richer than India in GDP terms. In terms of PPP( Purchasing power parity) china's per capita income is double than that of india(China: 5370 US$, and India: 2740 US$)
RE:false information repeated
by Ravi on Jul 31, 2008 04:44 PM Permalink
You are right. Also the per capita figures seem to be per month and not per year. This is a hastily written unnecessary article
Well india used to the greatest nation , we are earning 40k avg now buy how much are we spending a month, what will happen to those who are retired and live on fixed income...
A middle class with 10k earning was good enough for a family of 4-5 now?
My point is simple, today you earn 30-50K a month and tomorrow you may earn 1L - 3L (its just a Forex Gimmics) but what is the essential commodity price they also grow along with income.. so whats the big deal.
See usa , they earn a avg of less than 40K per annum but people are living more than comfortable life than anyother country in the world.
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