Re:Wall Street Banks Warn Downturn Is Coming
by vram22 on Wednesday August 23, 2017 @01:18PM
(#15083301)
>The vast majority of Indians aren't involved in either the "real" economy enough (ie, the one governments measure), or are too poor for it to matter
Not too sure about that. Also will depend on what exactly you mean by it. If income tax payers, maybe yes. But if just people who earn money, there are other means than income tax to include them in calculations.
Anyway, it's a very complex issue.
>Yes, India has come a long way, but it still has a long way to go - economically speaking
True. And not just economically - in other ways too.
A rapidly developing country, no doubt - but not developed yet
The vast majority of Indians aren't involved in either the "real" economy enough (ie, the one governments measure), or are too poor for it to matter
Yes, India has come a long way, but it still has a long way to go - economically speaking