South Asia 100 crore Indians have no extra money to spend: Report

[Krishna with Flute]

"diversity is our strength"

do you gentlemen agree with that statement @Bilal9 @Lulldapull @Krishna with Flute @Guru Dutt @Baali Jutt ?

If diversity is simply a manifestation of Indianness in its different from. Not otherwise.

 

[Bilal9]

"diversity is our strength"

do you gentlemen agree with that statement @Bilal9 @Lulldapull @Krishna with Flute @Guru Dutt @Baali Jutt ?

@Sharma Ji sorry to reply way late, but I did not see this earlier. Too many things going on.

Diversity is a recipe for problems, generally. Too many fault lines. North/South, Kaley/Gora, Brahmin/Dalit, Machhli-eater Bangalis and then Veggie Gujaratis and Jains.

Homogeneity - and also, benevolent one party dictatorship, is a source for strength.

China has 80% Han Chinese. And the rest of the minorities learn fluent Mandarin.

In Bangladesh 85% people are Bengali speaking Sunni (Sufi) Muslims. Mostly peaceful and not really radical, though @Krishna with Flute dada would disagree.

These countries have inbuilt homogeneity which is a strength.

 

[Krishna with Flute]

100 crore Indians have no extra money to spend: Report

India, with its massive population of over 1.4 billion (143 crore), has a much smaller group of people who actively spend on non-essential goods and services, according to a report by Blume Ventures. The venture capital firm's report said that only about 130-140 million (13-14 crore) Indians form the country's "consuming class," meaning they have enough disposable income to buy beyond basic needs.


The report mentions that the nation's GDP is "heavily dependent on consumer spending". The "consuming class" comprised roughly 140 million people and "effectively constitutes the market for most startups". Another 300 million (30 crore) people are classified as "emerging" or "aspirant" consumers. They have started spending more, thanks to the convenience of digital payments, but still remain cautious buyers. They are "heavy consumers and reluctant payers", the report mentioned.

"OTT/media, gaming, edtech, and lending are relevant markets for them (aspirant consumers). UPI and AutoPay have unlocked small ticket spends and transactions from this group," the report mentions.

The larger part of India's population, roughly 1 billion (100 crore), however, do not have the kind of incomes to be able to spend anything on discretionary goods. "They are beyond the pale, as of now, for startups," the report mentions.
The report highlights that India's consumer market is not expanding widely but rather deepening. This means that while the number of wealthy people isn't growing significantly, those who are already rich are getting richer.

This shift is influencing business trends, particularly the rise of "premiumisation"âa strategy where companies focus on selling higher-end, more expensive products to wealthier consumers rather than mass-market goods. This trend is evident in the booming sales of luxury homes and premium smartphones, even as budget-friendly options struggle. For instance, affordable housing made up 40 per cent of the market five years ago but has now dropped to just 18 per cent.

The findings support the idea that India's economic recovery after the pandemic has been "K-shaped"âwhere the rich continue to prosper while the poor struggle with declining purchasing power.

According to data, the top 10 per cent of Indians now hold 57.7 per cent of national income, up from 34 per cent in 1990, while the bottom half has seen its share drop from 22.2 per cent to 15 per cent.

The current consumption slowdown is further worsened by declining financial savings and rising debt among the majority of Indians. The Reserve Bank of India (RBI) has also tightened rules on unsecured lending, which had previously fuelled consumer spending after the Covid pandemic. Since many in the "emerging" consumer group relied on borrowing to spend, this change is expected to affect overall consumption levels.

However, long-term challenges remain. The middle class, traditionally a key driver of consumer demand, is shrinking.

A report by Marcellus Investment Managers states that the middle 50% of India's tax-paying population has seen little to no wage growth in the past decade. When adjusted for inflation, this effectively means their incomes have halved.

"The middle 50 per cent of India's tax-paying population has seen its income stagnate in absolute terms over the past decade. This implies a halving of income in real (i.e, inflation-adjusted) terms. This financial hammering has decimated the middle class's savings â the RBI has repeatedly highlighted that net financial savings of Indian households are approaching a 50-year low. This pounding suggests that products and services associated with middle class household spending are likely to face a rough time in the years ahead," the report mentions.

The Marcellus report also warns that white-collar jobs are becoming scarcer due to automation. AI-driven systems are replacing clerical and secretarial roles, and even supervisory jobs in manufacturing are declining.

The Economic Survey 2025 also echoed the warning about AI's impact. The survey warned that while AI boosts productivity, it could disrupt India's labour-intensive economy. A rushed transition may spur demands for policy intervention, including taxation on AI-driven profits, which the IMF cautions could hurt growth.

The report called for a balanced approach, urging collaboration between the government, the private sector, and academia to ensure inclusive gains. It also stressed that while AI's impact on jobs remains uncertain, complacency could prove costly for India.

India is growing at over 7% with 100 crore people having no extra money to buy. What will happen when those 100 crore people will have extra money to spend?

 

[Krishna with Flute]

Like I've been saying all along, India is bound to break apart sooner or later.

This is the dream of Pakistanis as well for years. One Pakistani anchor was saying that he had been listening this since his Childhood. In between Pakistan broke vertically. It seem that now BD is also sharing this this dream. Our neighbors who on the verge of being broken down are dreaming breakup of India. Our plan is to make a greater India with POK, Baluchistan, Northen part of BD. We want Nepal and Bhutan to join Indian union if they want to do that voluntarily.

 

[Krishna with Flute]

No, there is a massive hand-me-down economy going. At least big cities etc, we have a big "aap le jao if you have use for it"

AC/microwave/stoves/TV/speakers .. all given away to domestic help, good working condition proper ones.

Impossible to say how big the urban middil class really is but its big.

Bhai, food delivery guys with iPhones (even if not the latest greatest ones)

India is a consumption monster, rich buying fancy cars to now even urban poor with most of the trappings of modern life.. sabke ghar me TV, smartphone, ACs also but they cost electricity so not used much. lol

See @Sharma Ji , the definition of truth and reality of BD is something which says anything bad about India. No matter whether you quote WB report, IMF report or damn anything. If they are able to find any youtube video saying that India is not progressing but regressing and India will break up, that will give our friends like @Bilal9 and @Saif lots of excitement.

 

[Bilal9]

See @Sharma Ji , the definition of truth and reality of BD is something which says anything bad about India. No matter whether you quote WB report, IMF report or damn anything. If they are able to find any youtube video saying that India is not progressing but regressing and India will break up, that will give our friends like @Bilal9 and @Saif lots of excitement.

Wrong !!

India regressing or breaking up is a problem - because instability next door is a bad thing for us economically.

Stability is always a good thing for development.

It is not us who wish the worst for India.

But there is a large section of Indian population who have terminal hatred for Bangladesh.

This is all Thanks to Chaiwala.

 

[Krishna with Flute]

Wrong !!

India regressing or breaking up is a problem - because instability next door is a bad thing for us economically.

Stability is always a good thing for development.

It is not us who wish the worst for India.

But there is a large section of Indian population who have terminal hatred for Bangladesh.

This is all Thanks to Chaiwala.

Everybody hates you. Aren't the Myanmar people hate you? Pakistanis hate you so much that they wanted to Change DNA of BD,.

 

[Bilal9]

Everybody hates you. Aren't the Myanmar people hate you? Pakistanis hate you so much that they wanted to Change DNA of BD,.

People are free to hate or love whom they dislike or like. We are talking about India here, not BD/PK/Myanmar.

BTW Pakistanis hate us so much, they are sending their Foreign Secretary Amna Baloch to Dhaka ahead of Deputy PM/Foreign Minister Senator Mohammad Ishaq Dar following her next - to meet with Dr. Yunus.

 

[Bilal9]

India is growing at over 7% with 100 crore people having no extra money to buy. What will happen when those 100 crore people will have extra money to spend?

It's called jobless growth. Look it up.

 

[Krishna with Flute]

People are free to hate or love whom they dislike or like. We are talking about India here, not BD/PK/Myanmar.

BTW Pakistanis hate us so much, they are sending their Foreign Secretary Amna Baloch to Dhaka ahead of Deputy PM/Foreign Minister Senator Mohammad Ishaq Dar following her next - to meet with Dr. Yunus.

That is ok but I replied to your post in which you say that we hate you guys. I said that others also hate you.

 

[Krishna with Flute]

It's called jobless growth. Look it up.

Only service growth can be of low employment growth and not manufacturing, agriculture and infrastructure. Our government is pushing infrastructure growth like anything. We build 37 k.m. High way everyday. Construction activities are happening at a very rapid rate. 10 crore people are given loan for self employment. Employment is generated at a very rapid pace. A BIMARU state like UP which had unemployment rate in double digit has an unemployment rate of 3% today. Things are moving in right direction at a very rapid pace.

 

[Bilal9]

Only service growth can be of low employment growth and not manufacturing, agriculture and infrastructure. Our government is pushing infrastructure growth like anything. We build 37 k.m. High way everyday. Construction activities are happening at a very rapid rate. 10 crore people are given loan for self employment. Employment is generated at a very rapid pace. A BIMARU state like UP which had unemployment rate in double digit has an unemployment rate of 3% today. Things are moving in right direction at a very rapid pace.

Just pure Godi media propaganda about employment figures which is doubted even by independent Indian sources,

Claims have been made that the Modi government has manipulated unemployment figures, with critics arguing that the actual job creation has not met expectations. Surveys indicate a significant portion of the population believes the unemployment situation is serious, contrasting with government assertions of job growth.

1.6 million jobs vanish as pressure mounts on India’s Modi before budget

Indian PM claims to have created 80m jobs in past four years, but figures remain under contention

www.independent.co.uk

 

[Krishna with Flute]

Just pure Godi media propaganda about employment figures which is doubted even by independent Indian sources,

Claims have been made that the Modi government has manipulated unemployment figures, with critics arguing that the actual job creation has not met expectations. Surveys indicate a significant portion of the population believes the unemployment situation is serious, contrasting with government assertions of job growth.

1.6 million jobs vanish as pressure mounts on India’s Modi before budget

Indian PM claims to have created 80m jobs in past four years, but figures remain under contention

www.independent.co.uk

Your wishful thinking is not a reality. Our EPF (employee provident fund) Accounts have doubled in last 11 years. We have very good agencies which generates very reliable DATA. We do not need certification from you. For you, a random video on India is more reliable than IMF report/DATA. So your wishful believing has only one use. That is to entertain you. It does not serve any other purpose.

Your problem is that you do not read what you post. Bellow Paragraphs are from your posted articles.

According to the central bank’s report, released on 9 July, the overall employment rate rose from 3.2 per cent in 2022-23 to 6 per cent in 2023-24, meaning the country created more than 46.7 million jobs in that time.

In total, the number of employed people increased from 596.7 million in March 2023 to 643.3 million in March 2024. Most of the new jobs, 18.5 million, came from agriculture and allied sectors while 4.8 million appeared in construction, The Times of India reported.

 

[Saif]

Your wishful thinking is not a reality. Our EPF (employee provident fund) Accounts have doubled in last 11 years. We have very good agencies which generates very reliable DATA. We do not need certification from you. For you, a random video on India is more reliable than IMF report/DATA. So your wishful believing has only one use. That is to entertain you. It does not serve any other purpose.

Your problem is that you do not read what you post. Bellow Paragraphs are from your posted articles.

According to the central bank’s report, released on 9 July, the overall employment rate rose from 3.2 per cent in 2022-23 to 6 per cent in 2023-24, meaning the country created more than 46.7 million jobs in that time.

In total, the number of employed people increased from 596.7 million in March 2023 to 643.3 million in March 2024. Most of the new jobs, 18.5 million, came from agriculture and allied sectors while 4.8 million appeared in construction, The Times of India reported.

https://www.reuters.com/article/business/indias-incredulous-data-economists-create-own-benchmarks-idUSKCN1SF0L2/

India's incredulous data: Economists create own benchmarks
By Manoj Kumar

NEW DELHI (Reuters) - Economists and investors are increasingly showing that they have little or no confidence in India's official economic data – presenting whoever is elected as the next prime minister with an immediate problem.

There have been questions for many years about whether Indian government statistics were telling the full story but two recent controversies over revisions and delays of crucial numbers have taken those concerns to new heights.

The government itself has admitted there are deficiencies in its data collection.

A study conducted by a division of the statistics ministry in the 12 months ending June 2017 found that as much as 36 percent of the companies in the database used in India's GDP calculations could not be traced or were wrongly classified.

Last December, the government held back the release of jobs data but an official report leaked to an Indian newspaper showed the unemployment rate had touched its highest level in 45 years.

Economists and investors are now voting with their feet – by using alternative sources of data and in some cases creating their own benchmarks to measure the Indian economy.

Many economists said they were stunned when the government upwardly revised GDP growth for 2016/17 to 8.2 percent from 6.7 percent.

Even those close to the government have said the lack of accuracy in the official data makes it much more likely that authorities will miss major swings in activity and be unable to react quickly to head off a crisis. It is also a problem for investors who may be misled into thinking the economy is more robust than it really is.

The opposition and other critics have said Modi suppressed jobs data and "massaged" economic growth numbers in an attempt to show that his government has done better than the previous administration.

Some investors have been burned by believing in India's high growth story.

P. C. Mohanan, former acting chairman of the national oversight body for statistics, who resigned to protest government interference over the release of the jobs figures and back series data on GDP, said the government hasn't allocated the resources it needs to measure activity given the growth in the economy.

Gita Gopinath, the International Monetary Fund’s chief economist, told an Indian TV channel last month the IMF had raised the issue of "transparency" with Indian officials in data collection and, in particular, measurement of the GDP deflator - the adjusted inflation rate used to estimate real GDP.

 

[Bilal9]

All Indians should watch this Video by noted Indian economist Mr. RN Bhaskar. It is an eye-opener against Godi Media propaganda.

 

[Krishna with Flute]

https://www.reuters.com/article/business/indias-incredulous-data-economists-create-own-benchmarks-idUSKCN1SF0L2/

India's incredulous data: Economists create own benchmarks
By Manoj Kumar

NEW DELHI (Reuters) - Economists and investors are increasingly showing that they have little or no confidence in India's official economic data – presenting whoever is elected as the next prime minister with an immediate problem.

There have been questions for many years about whether Indian government statistics were telling the full story but two recent controversies over revisions and delays of crucial numbers have taken those concerns to new heights.

The government itself has admitted there are deficiencies in its data collection.

A study conducted by a division of the statistics ministry in the 12 months ending June 2017 found that as much as 36 percent of the companies in the database used in India's GDP calculations could not be traced or were wrongly classified.

Last December, the government held back the release of jobs data but an official report leaked to an Indian newspaper showed the unemployment rate had touched its highest level in 45 years.

Economists and investors are now voting with their feet – by using alternative sources of data and in some cases creating their own benchmarks to measure the Indian economy.

Many economists said they were stunned when the government upwardly revised GDP growth for 2016/17 to 8.2 percent from 6.7 percent.

Even those close to the government have said the lack of accuracy in the official data makes it much more likely that authorities will miss major swings in activity and be unable to react quickly to head off a crisis. It is also a problem for investors who may be misled into thinking the economy is more robust than it really is.

The opposition and other critics have said Modi suppressed jobs data and "massaged" economic growth numbers in an attempt to show that his government has done better than the previous administration.

Some investors have been burned by believing in India's high growth story.

P. C. Mohanan, former acting chairman of the national oversight body for statistics, who resigned to protest government interference over the release of the jobs figures and back series data on GDP, said the government hasn't allocated the resources it needs to measure activity given the growth in the economy.

Gita Gopinath, the International Monetary Fund’s chief economist, told an Indian TV channel last month the IMF had raised the issue of "transparency" with Indian officials in data collection and, in particular, measurement of the GDP deflator - the adjusted inflation rate used to estimate real GDP.

There are two names comes in forefront who disputes Government data. Both were saying very good about economy when they were in Government. They are Arvind Subramanium ex economic advisor of Indian government. Other name is Raguuram arjan ex head RBI. Both were US agents. Both were in highest economic bodies of India. Since when they are kicked out for favoring US, they keep bluffing all the nonsense. In one quarter when India's GDP figures were poor (4.5%, yes, 4.5% is very good for other countries but not India), he told it a Hindu growth rate. When the figure turned out to be 7.8%, he disputed the data.

Now you have talked about IMF economist, Now let me quote IMF reports about India. Let us see whether you are able to agree with it or not. Your cherry picking will expose you otherwise.

India has eliminated hunger poverty say IMF.

Extreme poverty eliminated in India, says IMF report. Findings decoded

As a resounding endorsement to PM Modi’s food security scheme Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), the IMF has said that it “illustrates the robustness of India’s social safety architecture as it withstood one of the world’s biggest exogenous income shocks.” The scheme, it observed...

www.timesnownews.com

Form IMF directly,

https://www.imf.org/en/Publications/WP/Issues/2022/04/05/Pandemic-Poverty-and-Inequality-Evidence-from-India-516155

INDIA HAS ERADICATED EXTREME POVERTY: IMF REPORT - The Daily Guardian

Report lauds Prime Minister Narendra Modi’s food security scheme, the Pradhan Mantri Garib Kalyan Anna Yojana, for helping India achieve this feat.

thedailyguardian.com

Has India Really Eliminated Extreme Poverty Or Has It Stopped Counting Its Poor?

When the pandemic struck India, India was in its lowest economic growth in over a decade. According to the latest Oxfam report on inequality, the COVID-19 pandemic pushed more than 4.6 crore Indians into extreme poverty.

www.indiatimes.com

 

[Krishna with Flute]

India remains ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD​

India remains ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD

"India's performance has been quite impressive. For this year, we expect India to retain a high growth rate, 6.8 per cent for the year that ends in March," IMF MD Kristalina Georgieva said.

indianexpress.com

India’s GDP To Grow At 7% In FY23, IMF Says Economy At Relative ‘Bright Spot’ In World​

India's GDP To Grow At 7% In FY23, IMF Says Economy At Relative ‘Bright Spot’ In World

While India's GDP is estimated at 7 per cent, lower than last fiscal year, IMF accords Indian economy to be in a 'bright spot'.

www.india.com

World Bank bullish on Indian economy, reaffirms faith in country's potential​

World Bank bullish on Indian economy, reaffirms faith in country's potential

The World Bank has expressed strong confidence in India's economic growth, despite a slight slowdown. The lender encouraged global investors to invest in India, emphasizing on its robust growth projection of 7.2% for the upcoming fiscal year as projected by RBI for December 2024.

economictimes.indiatimes.com

India’s Economy to Remain Strong Despite Subdued Global Growth​

India’s Economy to Remain Strong Despite Subdued Global Growth

The Indian economy continues to grow at a healthy pace despite challenging global conditions, according to World Bank’s latest India Development Update: India’s Trade Opportunities in a Changing Global Context. But to reach its $1 trillion merchandise exports goal by 2030, India needs to...

www.worldbank.org

India has potential to become world’s second-largest economy: Mark Mobius​

India has potential to become world’s second-largest economy: Mark Mobius

ddnews.gov.in

World Bank bullish on Indian economy: 'Shining light in the world, best place to invest'​

World Bank bullish on Indian economy: 'Shining light in the world, best place to invest' - World Bank bullish on Indian economy: 'Shining light in the world, best place to invest' BusinessToday

World Bank Country Director Auguste Tano Kouame dismissed worries over short-term fluctuations, calling India “the shining light in the world” and urging global investors to capitalise on its growth.

www.businesstoday.in

Now you can counter these news of Wb and IMF by searching a BS video from you tube which says that India is a backward economy, India has hunger, India is worse than Africa and Somalia etc. We have some very good well-wishers like you who continues to fabricate unrealistic negative news to please people like you. The fact of the matter is that our progress is outstanding. What we have done for our people has no parallel in whole world ever.

 

[Egyptian]

I love the free speech here @Bilal9

 

[Krishna with Flute]

I love the free speech here @Bilal9

he is a guy with agenda, particularly in case of India.

 

[Krishna with Flute]

India's extreme poverty rate declines from 27.1% in 2011-12 to 5.3% in 2022-23: World Bank​

Story by Statesman News Service
• 1w•
1 min read

India's extreme poverty rate declines from 27.1% in 2011-12 to 5.3% in 2022-23: World Bank
Data from the World Bank shows that India’s extreme poverty rate declined from 27.1% in 2011-12 to 5.3% in 2022-23. The development comes as the World Bank has revised upwards its threshold poverty line to $3 per day. India has lifted 171 million people from extreme poverty in the decade between 2011-12 and 2022-23, as per the international financial institution.





In contrast, nearly 45% of Pakistan’s population lives in poverty, with 16.5% classified as living in extreme poverty, as per the report.

The World Bank’s latest projections indicate that Pakistan’s poverty rate remains at 42.4%, with an estimated 1.9 million additional people expected to fall into poverty in 2024-25., “virtually unchanged from last year.”

The country’s 2.6% economic growth is also deemed “insufficient to reduce poverty.” “With population growing at nearly 2 per cent annually, this translates to 1.9 million additional people falling into poverty this year,” the report said.

World Bank’s report also mentioned that the agriculture sector faces significant challenges in Pakistan as in 2025, weather conditions deteriorated with a 40 per cent reduction in rainfall, alongside pest attacks and shifting production choices.

“Crop yields are projected to decline, ranging from 29.6 per cent for cotton to 1.2 per cent for rice, limiting sectoral growth to under 2 per cent,” the report says.