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A comment on India lifted 415M out of poverty in 15 years, says UN. Parent comment

Re:India lifted 415M out of poverty in 15 years, says UN by dirtyid on Monday November 07, 2022 @02:19PM (#33510893)
You're comparing national debt with total debt.

PRC national debt gdp is ~70%, LOWER than India ~90%.

Also PRC has 5.5x the GDP / per capita vs India.

[ Parent | on HN ]
Re:India lifted 415M out of poverty in 15 years, says UN by onlyrealcuzzo on Monday November 07, 2022 @02:44PM (#33511261)
That's including debt held by "private" corporations that are extensions of the state.

All the mega banks in China are indistinguishable from the state - you're looking at 100% of debt to GDP on their balance sheets alone.

[ Parent | on HN ]