@Electrumun@VilasDholam1@MinhazMerchant@firstpost@grok It has only limited relevance. If you consume anything g that has a part of it internationally traded then exchange rate comes. Milk or produce for examine in US is not 8 times more than in India. It is maximum 2 times more. Whereas the per capita income is 30 times more.
@BharatFirst77@mshahi0024@anjanaomkashyap Coming to debt to gdp India has around 86%. US has 122%. Look what 122% gives sidewalks, running water, sewage, public schools, police, fire, city parks, libraries, parking lots, well designed roads and other infra. Plus SS, Medicare and Medicaid. What do we get for that debt?
@BharatFirst77@mshahi0024@anjanaomkashyap Comparing US economy and Indian economy is like comparing Tata Motors to roadside garage. We have no presence in AI, semiconductors, cloud computing, mobile OS, mobile applications, software, networking, databases, AI apps, social media, space and operating systems and more.
@BharatFirst77@mshahi0024@anjanaomkashyap That is not correct. Japan, Italy and China have higher debt to gdp. Did they go bankrupt? America has fantastic industries and technology and that attracts capital. In India we have Asian paints, l&T and TCS and Raymond’s all 50 years ago were on top too.
@praveenv88@TARUNspeakss Ofcourse China in wealth terms is far less. America is lower than Switzerland. It is not population it is output. America has $32 trillion output.
@WorldOfStats44 BS statistics. PPP has no use u less you buy everything within the border. Everything. And you keep using this BS to give false prestige. Go and see 100 kms from any city and even within cities and see how many live like $12,000 income. your jealousy towards developed nations
@BharatFirst77@mshahi0024@anjanaomkashyap If you look at the composition of American economy vs Indian economy the difference is like Digtwsre engineer vs house maid. Go and research what constitutes American economy vs I fund economy.
@Barchart Musk made more money than me last 29 years. So what? I am not poor but I am happy he made more money he created more jobs. I did not create one job.
@BaluGorade I don’t as just reading American Social media platforms last year generated $800 billion in as revenue. 55% comes from outside America. Imagine that. Other nations to export $500 billion how much work they have to do. How many employees need to work. Just digital with them.
@harsh_vardhhan America is ruling the world in AI, semiconductors, software, Cloud computing, networks. OS, mobile platforms, AI applications and databases and social media platforms. Here we are celebrating GCC Officer openings. That is why they are $93K per capita and we are at $3K.