Comments on: India’s rich, richer than the French. Its poor, much poorer http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/ Perspectives on South Asian politics Thu, 02 Jun 2016 08:03:22 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: global2014 http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/comment-page-1/#comment-28961 Wed, 02 Oct 2013 22:58:49 +0000 http://blogs.reuters.com/india/?p=5151#comment-28961 If USA has 27% affluent people then they also have 99% living on debt. In fact I dont think there is anyone in the US who doesnt live a borrowed life with mortgages, loans, loans and more loans…and thats why USA is in such deep trouble now. There is more “real” wealth in India but in USA most of the wealth is fake and on paper only. India is an old country with a lot of problems but it has stood the tests of time over centuries and is still standing up. USA is a nouveau riche country that has little history to prove its resilience…if so much wealth is created in USA then an eve bigger amount of wealth disappears in the US as well.

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By: paaji http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/comment-page-1/#comment-27932 Mon, 18 Feb 2013 18:23:44 +0000 http://blogs.reuters.com/india/?p=5151#comment-27932 As you know most of the communities (Bengali or Tamils) in this sub-continent are infected by ‘Culture of Poverty(hopelessness)’ syndrome, irrespective of class or economic strata, lives in pavement or apartment. Nobody is seriously ashamed of or regret the deep-rooted corruption, decaying general quality of life, worst Politico-Governance, bad work place, weak mother language, filth, continuous consumption of common social space (mental as well as physical, both). Do not ever look for any other positive alternative gesture/values to perform a real way of parenthood – deliberately stop giving birth to any child him/herself till the entire society improves up to the mark, co-parenting children those are born out of extreme poverty, instead. We are becoming parents only by self-procreation – mindlessly, blindfold (supported by some lame excuses), depriving the children’s fundamental rights(of a decent & caring society, fearless & dignified living). We are being driven by the very animal instinct, pushing persons for a nasty living, indulging the entire community to go perish. If the Bengali people ever opt for a freedom from vicious cycle of poverty, need to involve in Production of Space(Henri Lefebvre), form a positive sentiment to overcome the inherent ‘hopeless’ mindset, definite application of human dignity, decent & fair Politics would certainly come up. – Siddhartha B, 16/4, Girish Banerjee Lane, Howrah -711101, India.

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By: periellath http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/comment-page-1/#comment-19087 Mon, 24 Oct 2011 15:54:15 +0000 http://blogs.reuters.com/india/?p=5151#comment-19087 India and other emerging economies will take their due place in the world arena once economic re balancing sets in to achieve global parity of labor and services worldwide. Along with it these countries will create millions of millionaires and billionaires !
What is more important for the wealthy in India and other nations is to help and support the poor in their respective countries to become financially educated and resist the temptation to exploit the poor for their ignorant mind set! Any poor person can become rich if he changes his mindset to get financially educated! Such a country will be unparalleled in its economic might and there won’t be any poverty in such a world! So get financial education above everything;Govts all over the world should take initiatives to get their citizens financially educated to reduce future dependence on them.

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By: jacobsmithseo http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/comment-page-1/#comment-19023 Sat, 15 Oct 2011 09:35:45 +0000 http://blogs.reuters.com/india/?p=5151#comment-19023 This is the concern which exists in the society and needs to be eliminated from the society as soon as possible.
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By: Ashok007 http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/comment-page-1/#comment-19021 Sat, 15 Oct 2011 08:15:26 +0000 http://blogs.reuters.com/india/?p=5151#comment-19021 What an irony? material handling equipments

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By: Peacekeeper101 http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/comment-page-1/#comment-19016 Fri, 14 Oct 2011 17:02:04 +0000 http://blogs.reuters.com/india/?p=5151#comment-19016 @abhi1498,

The EconomicTimes report DOES mention China is ALREADY the 3rd richest nation in the world **AS OF 2010** (not 2015).

You need to read the whole article. It states it clearly on paragraph 4.

As for the European Business Review, it doesn’t talk about India because it only lists THE TOP 3 countries in terms of luxury spending. And India is not one of them. The top 3 are Japan, China, followed by the US.

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And by the way, the reports I quoted ARE about the people rather than the country. As a country, China IS ALREADY richer than America, being the banker of America and most of the world

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By: abhi1498 http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/comment-page-1/#comment-19002 Fri, 14 Oct 2011 08:05:08 +0000 http://blogs.reuters.com/india/?p=5151#comment-19002 @Peacekeeper101
The report is not about the richer country. It is about the number of rich people. The idea of private property is an anathema to a communist country. My question is : Which of these two countries, China and India have more rich people, i.e. more than $100000 in liquid assets. Peace!

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By: abhi1498 http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/comment-page-1/#comment-18974 Thu, 13 Oct 2011 13:24:22 +0000 http://blogs.reuters.com/india/?p=5151#comment-18974 @ Peacekeeper101
While the number of affluent households in China and India is 3 million each, the U.S. has more than 31 million, the survey shows.

First read the TNS report. The problem is with the study/surveys. Economic survey times talk about the year 2015. Europeanbusiness review doesn’t talk about India. Moreover, how can the surveys be accurate about a communist country like China.

Knowledge doesn’t give you wisdom.

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By: Peacekeeper101 http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/comment-page-1/#comment-18956 Thu, 13 Oct 2011 07:27:57 +0000 http://blogs.reuters.com/india/?p=5151#comment-18956 @abhi1498,

Just about all statistics available show China way ahead of India. You just need to visit the 2 countries, and you will notice the huge difference.

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In any case:

* As of 2010, China is the 3rd richest nation in the world:

http://economictimes.indiatimes.com/news  /international-business/China-to-be-sec ond-richest-country-by-2015-Study/articl eshow/6712806.cms

* China is also the 2nd largest luxury goods comsumer in the world as of 2010:

http://www.europeanbusinessreview.com/?p =2391

http://en.wikipedia.org/wiki/Luxury_good s_in_the_People%27s_Republic_of_China

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By: abhi1498 http://blogs.reuters.com/india/2011/10/07/indias-rich-richer-than-the-french-its-poor-much-poorer/comment-page-1/#comment-18806 Mon, 10 Oct 2011 21:05:22 +0000 http://blogs.reuters.com/india/?p=5151#comment-18806 One can hardly believe him surveys. For USA, the survey might be true but never for India. In India, as the per the Indian Government, India has 191,963,935 households.
If 1 percent of these households means just 3 million, I pity TNS. Moreover, as the above comment says, the report is just based on the interviews of mere 12,000 people. Till date, not a single exit or opinion poll about India has predicted correctly three times consecutively. For China, the communist government might have special relations with TNT, allows it to collect data freely.

Although the headline could be true. India might have more Rich people that France. Not only France, more than UK. The real question is –

Who has more rich people? China or India. India or China

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