Re:Pay attention to the Indian startup scene
by cambalache on Monday October 26, 2020 @11:13PM
(#24904168)
India has a negative trade balance so still need "strong" currency to buy abroad, same thing for its citizens to travel and its companies to expand internationally. The size of the economy is nothing to sneeze at, but in the same way PPP gdp is more important than nominal for the average citizen, per capita is way more important than total GDP, that's the reason anybody would pick to live in the small economies of San Marino, Luxembourg, Monaco o Curacao over India or Nigeria.
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Re:Pay attention to the Indian startup scene
by arthtyagi on Tuesday October 27, 2020 @02:57AM
(#24905009)
You make an interesting point. However, India and Nigeria are starkly different, just food for thought. It's almost like comparing U.S with South Africa.
Re:Pay attention to the Indian startup scene
by cambalache on Tuesday October 27, 2020 @10:28AM
(#24907746)
> However, India and Nigeria are starkly different, just food for thought.
No, they are not. GDP nominal per capita: India: 2000, Nigeria: 2000. GDP PPP per Capita, India: 6000, Nigeria : 5000
> It's almost like comparing U.S with South Africa.
GDP PPP per capita: US: 63000, South Africa: 12000. GDP nominal per Capita, US: 63000, South Africa : 5000