INDIAN ECON, POLITICS, SOCIETY + BTC PRICE

[pawanjain]

This is definitely a forced implementation with a false premise. The common man who dreams of owning a second hand petrol car is left without a choice, he must either spend more money at mechanical shops or let go of his dream. When entering the voting booth, people need to remember this. That is the true power of democracy, rather than blindly swallowing every utopian dream politicians sell.   

It is not the dreams politicians sell that people are swallowing but the freebies that politicians are throwing on people.
For a mere 5000 rupees, people will forget all the suffering they get and go vote for those politicians.
They don't acknowledge the fact that these politicians will recover more than what they have invested in freebies one or the other way around after the election.

[Clement Kaliyar]

~
There was a time when, if the price of petrol or diesel increased by 50 paisa, there would be a massive strike against the government. Nowadays, nobody cares, because the government knows how to play with public psychology.

It is simple, if you want people to forget the issue, then introduce them a bigger issue which is the strategy followed by every government in the world.

Per capita income has increased, and public transport infrastructure has been improved significantly. Opposition is dead, and other issues are stopping people from coming out and voice the increase in petrol prices and on E20. I know only one thing: no one will suffer more than the middle class in this country. Already, the population is in decline and in a non-replacable number of particular religion. Whatever can be squeezed from the middle class, the government will do it asap.

It is true that the per capita income has increased, but there is a big illusion that politicians are selling when it comes to per capita income increase.

To simplify things for everyone to understand, per capita income is a simple calculation, total national income ÷ total population.

Total number of billionaires have increased in the past decade. The elite are making money and it will be calculated in the total national income. What about the common hard working class and the middle class. Almost half of the population is above the poverty line and not reached the middle class barrier.

These are facts that is available in the public domain published by the government. When you live in a country where the average monthly income of around 50 crore people is below $150 and if someone boast about the increase in per capita income, what should we say.

Check your own bank balance and you will understand, whether you are able to save like you did a decade or two decades ago.

[Bitcoin Smith]

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These are facts that is available in the public domain published by the government. When you live in a country where the average monthly income of around 50 crore people is below $150 and if someone boast about the increase in per capita income, what should we say.

Check your own bank balance and you will understand, whether you are able to save like you did a decade or two decades ago.

Last time I checked we even fell below Bangladesh in per capita and now we are in the range of African nations that is not good. And as you said even the per capita income is not the actual representation of growth but these politicians use this for their sake. Median income is what we should be looking at and it is around 12K, which means more than 70 crore people earn 12K per month and even worse, our government considers anyone who is making a hundred rupee is above the poverty line.

Change in the election result is not going to change that, if we want a change then we need new ideology but I doubt we will have such one party for the next 20-30 years.

[Cointikka]

It is true that the per capita income has increased, but there is a big illusion that politicians are selling when it comes to per capita income increase.

Total number of billionaires have increased in the past decade. The elite are making money and it will be calculated in the total national income. What about the common hard working class and the middle class. Almost half of the population is above the poverty line and not reached the middle class barrier.

These are facts that is available in the public domain published by the government. When you live in a country where the average monthly income of around 50 crore people is below $150 and if someone boast about the increase in per capita income, what should we say.

Check your own bank balance and you will understand, whether you are able to save like you did a decade or two decades ago.

I do not know about your bank balance status, but I am happy with what I am earning. My salary has increased significantly in the last 10 years, and so have my friends and family members. 10 years ago, it was a struggle to complete 30 days of a month with the salary that I was drawing after working 9 hours a day. I do not know which state you live in, but in my state and the district I am living in, the development has been incredible over the past 2 decades. The standard of living has gone up significantly. Even a cart owner selling tea and coffee or an autorikshaw driver makes good money to lead a good life.

The income disparity between the states within India was there, but I was not aware that it was so high in some states. My only issue is with the flex fuel and not the rise in fuel prices or the gas prices.

Last time I checked we even fell below Bangladesh in per capita and now we are in the range of African nations that is not good. And as you said even the per capita income is not the actual representation of growth but these politicians use this for their sake. Median income is what we should be looking at and it is around 12K, which means more than 70 crore people earn 12K per month and even worse, our government considers anyone who is making a hundred rupee is above the poverty line.

Change in the election result is not going to change that, if we want a change then we need new ideology but I doubt we will have such one party for the next 20-30 years.

Bangladesh's figures were wrong because the country has an IMF loan. Those were fudged figures published in a left-leaning global website. BTW... they have again approached the IMF for another loan due to rising global crude prices. The minimum salary of a car driver is between 15K and 30K, depending on the number of hours they work. Even a Blinkit partner earns more than 12K if he/she works 12 hours a day. Blinkit pays the least fee to partners, as they do not travel more than a KM or 2.

[Bitcoin Smith]

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The minimum salary of a car driver is between 15K and 30K, depending on the number of hours they work. Even a Blinkit partner earns more than 12K if he/she works 12 hours a day. Blinkit pays the least fee to partners, as they do not travel more than a KM or 2.

The numbers don't speak the real truth of what's changed and whether it is positive or negative.

Let me give you the clear perspective, a driver made 10 to 15K 10 years back and now the value is doubled but we need to look at the price of gold, it is almost tripled or even higher, the rent of houses increased a lot and price of everything so even if the salary is doubled we are living the same standard of living or even worse than before.