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dog_eat_god t1_j0dmdc5 wrote

Quantity of life, not quality of life.

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LanewayRat t1_j0dru9c wrote

So you didn’t read it?

India’s population growth is slowing considerably (due to start falling after 2050). The economy is set to boom in that time, the article says, suggesting more of the improvements to the quality of life that India is already starting to experience.

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X0AN t1_j0dtt5y wrote

Set to boom is not the same as will boom.

Also, saying don't worry in 30 years you'll be ok isn't particularly helpful to most people.

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LanewayRat t1_j0duerj wrote

No, that isn’t what I (the article) said.

Don’t believe it if you want, but don’t make it up.

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ArkGuardian t1_j0ez1ms wrote

Eh the fertility rate isn't really a concern. Who knows what will happen to the economy but a demographic collapse in one direction doesn't seem to be in the cards

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mynameismy111 t1_j0klq6n wrote

Based on COVID there's a fair chance 30 years for population to peak isn't the most likely odd

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market_theory t1_j0eywqw wrote

The Indian economy has been set to boom for the last 50 years.

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sunchaud t1_j0f7bk8 wrote

And by most metrics, it has been booming for the past 20 years: > GDP: 8x, to 3.2 trillion dollars in 2021

> HDI: up 0.18, to .633

> GDP per Capita: up 5.5 times to 2.3k

> Poverty Rate: down 40 p.p, from 55% to 16%. that's 400MM people out of poverty (!!)

Obviously it does not hold a candle to western Europe levels of development, but it has taken big strides and to argue otherwise is ignorant.

That not withstanding, as anyone with basic understanding of socioeconomic development would know, progress is exponencial and it's faster when the populations stops expanding massively. As India approach replacement levels in fertility, the focus stops being expansion of services and starts being on quality, thus India readies itself for the "true boom".

You can hate India all you want, but it has been doing its homework over the century, despite all the geopolitical noise.

At last, India has been independent for 75 years and talks of "the boom of the economy" have been common place only after 1990. So no, not 50 years

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Jerund t1_j0h9rt8 wrote

Similar to china but you hear only hear from china is the one pulling off this miracle phenomenon

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market_theory t1_j0ihzhn wrote

It has experienced good real per capita growth -- which is to be expected given its low starting point -- but the predictions that it will soon outstrip China have yet to be realized.

> You can hate India all you want

Why do you think I hate India? I don't much like its current leader or his moronic hindutva supporters but I'd much rather see it do well than China.

> "the boom of the economy" have been common place only after 1990

I will concede I overstated the period.

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sunchaud t1_j0k0vwj wrote

> Predictions will outrstrip China

There has been no such predictions in the last 15 years. The most bullish predictions have India catching up to Japan in the next 10-15 years ( in terms of gross GDP). In most social aspects, India is close to where China was in 2007-2008, so we are 15 years behind.

It is true that China has shown signs of economic weakness due to their 0 COVID policy, but most economic agents still have them growing at 4-5% per year and surpassing them in the short-mid term is a pipe dream

The hope is to close the gap and to compete with them more fiercely.

> Low base

Preposterous statement. India and all non European/NAFTA/Australia and NZ started from the almost same low base. It is the 4th country that most grew in this time period

Take LATAM as an example, no country was able to maintain India's rate of growth this consistently except for China. To deny the active role of the governments and the people is not based on reality

Besides, if a 900% growth in GDP is not a boom for you, I don't know what would be

> I don't hate India

I might have let the tone of other comments in this thread make me biased. If so, my apologies

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LanewayRat t1_j0feeks wrote

Do you realize how relatively well off the Indian people in the picture are compared with a similar crowd 20 years ago? Look at them.

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StationOost t1_j0g07j4 wrote

You will find well-off people in any society on Earth. It says nothing about the whole country.

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market_theory t1_j0ih2v5 wrote

Obviously it has experienced real per capita growth but the predictions that it will soon outstrip China have yet to be realized.

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LanewayRat t1_j0iknqf wrote

Yes… “predictions” that anything will happen “soon” are all yet to be realized 🤷🏼‍♂️

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mynameismy111 t1_j0kltce wrote

Comparing 1950s India to 2000s alone, things have gotten better

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