to hide stolen money. IRS of usa is already prosecuting one real estate billionaire for hiding billions of $ to evade tax. Bank by the name LTB is owned by Prince of Liechtenstein
whatever the percapita income these statistics say are on the paper. Income of Ambanis and tatas have skyrocketed, but not that of common man. where an IT professional earns a four digit salary per day, many indians struggle to get even three digit salary for the whole month !!!
the increse in PCI doesnt indicate the increased income of common man, but it indicates widened gap between poor and the rich..the resources are not distributed equally...
(remember, i am dead against communism, but still saying this)
china pci in atlas method is $2360 vs $950 for India. but it heartening to know we have doubled in 8 years. at least the direction is right even if it is slow. tortoise zindabad!!!
RE:china per capita vs india
by kanu kangal on Jul 25, 2008 07:53 AM Permalink
Unfortunately in real world it is the hare that does not sleep under tree,grabs opportunity at the right time and wins
RE:us is the best
by M S on Jul 25, 2008 02:41 AM Permalink
no thanks mate!! i would rather wait a few decades and experience the same here in Mumbai. and it is not a case of sour grapes, i have spent time in west for professional commitments but always maintained India as base.
dharavi slums might be bad, but those are Indian standards....have you visited back streets of Chicago? are they not worst places as per Western standards?
we Indians as students are tought how to read the 'Globe', so we know where is USA and some like you go there when they grow up (or maybe your parents did)... but the dumb students dont even know where the f**kin Afghanistan/Iraq is... you live there and know that this is true.
today Lewis Hamilton, the F1 prodigy was racing karts in Mumbai, come here mate, will take you to a nicest multiplex....
and dont worry, in a few decaded even the villagers will also have a better life, once they are educated and empowered. will take time, but will happen....
and last thing, next time you come to visit India, dont f**kin stuff your baggage allowance with Indian stuff... buy everything in US of A and stay there
RE:RE:RE:us is the best
by harish raj on Jul 25, 2008 12:06 PM Permalink
Abe saale, nali to tu saaf karega USA jake, bec there you cannot afford a servant, you yuourself are a servant.
RE:RE:us is the best
by Ashwin Subramanian on Jul 25, 2008 02:57 AM Permalink
You are nothing but a m*r*n. All it takes is to build one multiplex or mall and you w*nk*rs think that your area is developing and that you will achieve world standards.
Do you even have basic amenitites like 24-hour power and water supply? Do you have enough open spaces for playing some sport like cricketfootball or for people to jog around? Can you find a 1-km stretch of road in your city without any potholes during the rainy season?
You are all nothing but a bunch of materialistic low-lives who only want to jerk off on a glitzy new mall or a 300-seater 10-screen multiplex.
RE:us is the best
by M S on Jul 25, 2008 03:04 AM Permalink
your name sounds Indian.... how much have you contributed in taxes in India? And just imagine, as the original post by tathagat invited, if all Indians go to US, what will happen of US? :-)
Who will you sell F16s to? Who will you sell nuclear reactors to?
And you call Indians materialistic low-lives? Hehe you lost is mate, thats f**kin you, a secondary citizen in first world country.....
and ya FYI worlds only $2 billion (ya thats correct USD 2 billion, not Rs) is comming up in Mumbai owned by an Indian....
will take time, but as I said earlier, the infrastructure will develop..
and ya, Hamilton did not have to drive on roads with Pot-Holes... he drove the kart in a proper karting arena....
RE:us is the best
by kanu kangal on Jul 25, 2008 07:49 AM Permalink
Why when someone points out reality, Indians jump on that person as if the guy was unpatriotic. Indians have such low expectation as opposed to tax they pay. Mumbai's british developed sewer system has collapsed. It's been flooding since last 4 year. And this moron is talking about $2 billion(ya USD $2 billion) coming up in Mumbai. Frog living in well assume that is the world. I am appalled at the lack of knowledge in terms of how the global infrastructure that too by educated public.
RE:us is the best
by a on Jul 25, 2008 11:57 AM Permalink
philonthropist, sab ek baap ki aulaad hote hai be gadaha, bilogogy nahi padha kya, isliye jaahil ganwar jaisa baat kar raha hai, jaahil desi
RE:us is the best
by Philanthropist on Jul 25, 2008 09:41 AM Permalink
abe saalo.....agar tumhein amrika ki chaatni hai to wahi maro na.........kyu yaha muh khol kar gandgi phaila rahe ho.......agar ek baap ki aulaad ho to wahi rehna US mein....wapas mat aana kabhi........
RE:us is the best
by harish raj on Jul 25, 2008 12:04 PM Permalink
dear ashwin subramiam, does your us of a have politicians like the left, does your usof a politicians have as much money in swiss accounts as indian politicians, does your us of a have as much diversity as INDIA have. DOes your us of A have as much GUTS to allow other countries as INDIA has, and you are talking about your 300 yrs old america, just have alook at the 5,000 year old INDIA, When you are rejected from us of a, dont come to here.
RE:RE:us is the best
by a on Jul 25, 2008 11:58 AM Permalink
MS, in a few decades your bones and skin will dry and wrinkle away, you wont be fit to exeprience anything
What are the parameters ? This report of the World Bank is baseless and wrong. Per capita Income of India is much lower. It is not even 15000. There are 1000s of labours working for Rs.60/- a day or even less.
RE:Per Capita Income in India
by . on Jul 25, 2008 03:30 AM Permalink
Read again.. it says per annum not monthly!! if a labour earns Rs 60/day it he/she will be making 18780-21900 per year.. and this is average.. so even mukesh ambani's income should be taken into account!
I don't know how this economist comes to this figure and their methods of Analysis. Per capita income of Rs.40,000 per year means approx. Rs.3,333 per month. Do you feel our farmers, labourers, Drivers, daily wagers or let say 60% of the population earns this every month ?? This is not a real picture as when such calculations are made the average will always inclined more towards 5% of very high income people like top ranked Business families.
RE:RE:Need to Check the Statistics
by selvaraj on Jul 25, 2008 05:38 AM Permalink
Report is true , here in coimbatore every labour is earning more than 350 per day a driver earns more than 500 rupees per day we find no labours , to do any work for 100 rupees .
RE:Need to Check the Statistics
by cheriyan jacob on Jul 25, 2008 12:08 PM Permalink
Dear Ashim, I'll explain. Assume your PCI is 10L. Assume for other 9 people it is 1L each. So whats the group average. 10L 10L divided by 10. Hence 2L. It is double value of other 9 peopl's PCI becuase one fellow still earns 10L
Adil Zainulbhai, head of McKinsey India, Report The size of the Indian addressable market for businesses will surge as internal migration lifts the urban population from 318m to 523m and reduces the proportion living in harder-to-reach rural areas from 71 to 63 per cent. Indias middle class, defined as those earning between $4,400 and $22,000, will rise from 50m people, or 5 per cent of the population, to 583m people, or 41 per cent by 2025, more than tenfold The number of Indians living in deprivation, defined as those with incomes of less than $5.40 a day, has already fallen from 93 per cent of the population in 1985 to 54 per cent today and will decrease to 22 per cent by 2025. The number of global Indians with incomes of over $22,000 will rise tenfold to 24m, their average incomes climbing from $35,000 in 2005 to $50,000 in 2025.
To my memory India was always catagorized as one of the poorest countries by all world financial organizations, like world bank and IMF. For the first time as per this article about India, it is catagorized as 'lower middle income', which is bettter than poor income country ( see that India's per capita income is 950 $ and the definition is above 935 $ to become a 'lower middle income' love to all
