Traveller55
Tape Ball Regular
- Joined
- Jan 22, 2018
- Runs
- 547
You are not understanding.
An Indian is about 20% richer than a Bangladeshi, and about 25% richer than a Pakistan (based on GDP per capita). This despite India being one of the fastest growing economies and having a GDP that dwarfs Pakistan and Bangladesh combined.
Its not 'despite', its because of their fastest growing economy that they've left us in the dust.
20% or 25% are big numbers. Thats like saying the average indian eats an extra roti for every 4 roties the average paksitani eats.
The above is the sole reason why Indians choose to leave their country booming of so called riches and intellect; they feel poor even after 10+ years of economic growth. If an Indian moves to the UK, the GDP per capita is around $40000 - or simply put around 2200% (instead of 20% odd compared with it's neighbours).
This is precisely why Pakistan and Bangladesh do not need to compete with the Indian economy because GDP per capita remains on par with Indians. Hence the talk of economic boom and all is simply not relative.
catching up to us in late 90s and growing the gap to 1/4th to 1/5th better than us in less than 2 decades is the very definition of economic boom. Especially for a large economy.
If the current trends continue, in another 30 years, India will be as much richer than Pakistan/BD as Germany is to Ukraine.