India now has the largest population on the planet. China is in 2nd place.
Nominal GDP
$3.9T, Per Capita GDP $2,612, Population 1.439,232,375 billion. Debt to GDP
81.89%,
Employment is 46.6%, Unemployment 10.9%, 2021-2024 Inflation 17.8%. Imports $854.8B, Exports $776.68B. Trade Deficit is $70.12B. In 2023 India’s global share of manufactured goods was 3.3%. Labor force participation is 50%. 49% are urban and 51% are rural. Average age is 28.7 years. The cost of living in India is 70% lower than the cost of living in the US.
Salaries in
cities average $3828/mo or $45,936/yr.
Salaries in
rural areas average $14,000 for men and $10,000 for women.
https://www.statista.com/statistics/1071319/india-average-earnings-of-employee-rural-by-gender/
Labor force participation includes Agriculture
is 41.19%, Industries employ 26.18% and Services employ 32.33%.
India rupee is 12 US cents.
70% of India’s economy is consumer driven due to their large population. Crops include rice, corn and wheat. Livestock includes cows, buffalo, pigs, chickens and fish.
India has good potential. Its natural resources include coal, oil, gas, bauxite, chromite, iron, copper, gold and diamonds. It has a large, well-educated population.
224 million (16%) are undernourished but nobody dies from lack of food or water. Starvation ended 10 years ago when the government began providing food.
India
has attracted significant interest as a manufacturing hub, particularly for key
sectors like automotive, engineering, chemicals, pharmaceuticals, and
consumer durables. The
Indian manufacturing sector is projected to be one of the fastest-growing
sectors in the local economy. Jan
18, 2024
There are 326.3 million
cars on the road in India. Maruti
Suzuki India Ltd is a Japanese car and holds a 42.75% market share. Tata Motors Ltd founded in
1945 is an Indian car company and holds a 11.5% market share.
India should have a good
chance to increase its manufacturing jobs as companies exit China and add to
its economy with jobs that require degrees in Engineering, Math and IT.
Computer Engineering. Computer science is a trending course, and every year, many students from every part of the country get enrolled in high numbers. Hindi and English are taught in schools.
Comments
I use Geek Squad offered by Best Buy as my computer maintenance
service. I access them on-line and they do an excellent job. I’ve also
recruited Indian Engineers using H1b visas. They are very smart and very
precise and have a great sense of humor.
Norb Leahy, Dunwoody GA Tea Party Leader
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