Indian Economics thread.

[Overbom]

India carefully "protecting" its demographic "dividend"

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Now, after two years of the coronavirus pandemic, it is looking more like a lost generation, crushing the middle-class dreams of families looking for better opportunities for their children.

Hundreds of millions of students across India have received little to no in-person instruction with schools intermittently shut down since the start of the pandemic.

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Mahesh Davar, a farmhand in central India, is pained to see his young sons working beside him. He and his wife toiled in the fields to send their boys, now 12 and 14, to school, hoping it would secure them better jobs and easier lives.

Their education effectively ended almost two years ago, when schools shifted online; the family lacked the money for internet access. Around the globe, more than 120 million children have faced the same situation, according to the United Nations.

“Poor people like us fight every day to keep the stove burning,” Mr. Davar said. “Tell me how and where we will afford the money for mobile phones?”

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Typically a large share of the population entering the work force would be an economic boon. Now it could prove a burden, as undereducated and underemployed people in a welfare state like India end up consuming a larger share of resources, from free medicine to food subsidies.

Remote education has been offered widely in India, but four out of 10 students lack the necessary internet connectivity to attend. And online teaching, particularly in public schools, has been largely available only for older students.

Even before the pandemic, India’s education system was woefully inadequate, with many public schools in rural areas short of teachers and books. Less than half of students possess the reading and math skills to progress to the next grade.

Absolutely shambolic and essentially a crime against humanity for depriving children of education.
And while this was happening, let's not forget the Indians were trying to stage their idiotic attack against China lol.

Joke on them though, while watching India sinking, China is laughing all way to the bank

 

[ougoah]

Well that's not new for India. It has always managed with 30% to 50% under-educated (read not educated), barely literate, and under-nourished. The top classes in India still live in luxury and comfort. The rich are protected and they get wealthier.

It's only some western press beginning to raise the awareness of India being a pretty poor country on a per capita basis. One of the poorest. It wasn't a Switzerland before western media began giving this topic any attention.

 

[weig2000]

https://twitter.com/i/web/status/1486770980525592577

 

[siegecrossbow]

https://twitter.com/i/web/status/1486770980525592577

Why not first man on Alpha Centauri as well? It is about as likely.

 

[9dashline]

Why not first man on Alpha Centauri as well? It is about as likely.

Interesting he said India will be second largest economy but ahead of US... at least they admit China will be number one economy lol

 

[sndef888]

Interesting he said India will be second largest economy but ahead of US... at least they admit China will be number one economy lol

https://twitter.com/i/web/status/1486770980525592577

Given India's economy in 2021 was around 3 trillion, it would have to grow at 25% a year to overtake USA by 2030. And this is assuming USA has 0 growth, so in reality it would need to be over 30% a year.

If India can grow 30% a year for even 1 year I will worship Modi as the new god.

 

[PiSigma]

https://twitter.com/i/web/status/1486770980525592577

So living on $1 a day is considered middle class in India.

 

[PiSigma]

Given India's economy in 2021 was around 3 trillion, it would have to grow at 25% a year to overtake USA by 2030. And this is assuming USA has 0 growth, so in reality it would need to be well over 30% a year.

If India can grow 30% a year for even 1 year I will worship Modi as the new god.

Math was never an journalist/propagandist strong suit. 0s don't mean much to an English major.

 

[SanWenYu]

Given India's economy in 2021 was around 3 trillion, it would have to grow at 25% a year to overtake USA by 2030. And this is assuming USA has 0 growth, so in reality it would need to be over 30% a year.

If India can grow 30% a year for even 1 year I will worship Modi as the new god.

You forogot that US can have negative growth.

He might have been describing the "what if WW3 breaks out in 2027" scenario where the US would have been defeated and broken up into 52 pieces after the 3 year long war. India would not have sided with the US at the last moment because it had not been happy about being treated as the pawn piece in QUAD. After the war, India would have automatically and passively become the #2 economy in 2030.

 

[Mountain]

Why not first man on Alpha Centauri as well? It is about as likely.

Due to basic nature of Indians,even middle powers of the west doesn't take them seriously. Prediction of fastest Indian supercomputer by 2017, superpower by 2020. These predictions were made in Indian mainstream medias.