13 districts of India contribute to half of India’s GDP

Liabilities and high interest loans rising, household savings falling. It's a very worrying statistic if people are borrowing money just to stay afloat.

Delhi's per capita income is one of the highest in the country. It soared from ₹3,76,217 in 2021-22 to ₹4,61,910 in 2023-24. The capital of India is second on the list of the Richest Cities in India, with an overall GDP of USD $293.6 Billion.

I guess that's what happens when u have lazies who just want biryanis in life. This post is not about South, but a well known answer to a question about North😅. Be grateful south people still smile at us at times. And protect it for your own good https://twitter.com/aviralbhat/status/1744726138822508753?t=6oD5XcLhsi_C-0fuXzbrtg&s=19

..unless either of the two mess up insanely bad We'll probably get to the #3 spot if things go well. But it seems impossible that we'll ever go beyond that. Internal reasons that are very hard to fix:- (1) Our population TFR fell below standard replacement rate in 2023. This means we will not be able to follow the same economic growth trajectory required to reach developed status before population stagnation or declination. This is not a death knell but definitely very VERY bad news. (2) Our blue-collar workforce skill levels are not only subpar but are slowly falling behind the world standards every year. Much of our youth aim to join government orgs like the Army or the Railways which train for the job later, not before. Despite a national shortage of skilled plumbers, electricians etc, our vocational training orgs have been unsuccessful in attracting people towards these careers as well as churning out skilled workers. (3) Our bureaucratic environment is extremely slow with pathetic turnaround times on initiatives. This is not government specific and has always been the case so it seems like this will always be. This is not even a problem unique to India as many other countries have been facing this too but it is still a factor that negatively impacts our growth massively. I wish it was just internal reasons but a large part of it also comes down to both China and US being aggressively great at ensuring their successes:- (1) Chinese manufacturing seems nearly impossible to overcome - not just for India but also for the US. Yes, we might win over some industries and companies like the US, Vietnam, Thailand etc. have been doing but the amount of autocratic control in China allows them to crush competition easily. Case in point - the recent tussle between India and China on solar manufacturing which China won by autocratically lowering their prices. (2) If de-dollarisation succeeds, it will benefit China the most because (contd. in comments)

A viral(but not informative) Bhatnagar recently shared a graph of India, with red and blue belts. I have a quick question as to how is state wise GDP measured? Like almost all large banks are headquartered in Mumbai. So, the contributions by regional departments of those banks, would those be counted in Maharashtra's GDP or respective state's GDP? Or is this question not relevant? Or say since Maharashtra is the HQ of major banks, almost all corporate loan sanctions happen there (so that's why they have a disproportionately high share of stamp duty collection). Even if there's a manufacturing company in Jharkhand, they will have to get stamp papers in Maharashtra to get loans. Also Kerala gets disproportionate share of remittances (inwards from ME). Do these remittances get counted in Kerala's GDP. These are mostly blue collar workers, so it's not like Kerala education system is producing extraordinary people or Kerala govt incubating industries. So, that's why I am very confused how is state wise GDP computed?

The US is in its late stage capitalist phase, a ship that's going to sink for the next 50 years. If you're a young person there it doesn't make sense to work as hard as your Grandpa the reward on average isn't as great. India on the other hand is poised to become a great multi-trillion $ economy. Onto something huge. We're talking like 10x growth of the economy here. Start-ups that have made it like Razorpay, Swiggy, PayTM, even Cred, if they survive will be really huge as capital in the country, liquidity and lifestyles go up over the next 50 years. Be the capitalist, take the risks, make bets, work and stack up promotions and money. Don't join an Infosys and work 70 hours there, do it for a start up of any scale you believe is going to make it. Or better yet start your own.

curious to know. I remember fiscal strategy was quite different from other countries during covid. the government focused on infrastructure related expenses rather than direct benefit transfer.

The distribution of deposits in scheduled commercial banks(SCBs) across the Indian economy reaffirms that India is fundamentally an ascending world country. 1. Households make up the majority of deposits, a whopping 61.95%, close to ₹11,792,507 crores in SCBs. It appears that Indian Households are poised as significant potential consumers. It will be interesting to see how startups position themselves towards B2C services and product offerings that appeal to this sector. 2. There is also a significant gender split, with deposits from women roughly being a fifth of the total (20.49%), close to ₹3,900,593 crores. This represents a sizeable yet underutilised female demographic, a growth opportunity waiting to be tapped for startups. Women centric consumption will become a macro trend as a second order effect. Think maternity care, female hygiene, beauty, women-centric fashion and more. 3. Importantly, the majority of deposits are held in urban and metropolitan centres, cumulating to around 76% of all deposits (around ₹15,270,500 crores). It was always obvious that the highest revenue opportunity is in the Indian Metro scene. There exists mainstream relevance and aspiration for folks outside of these spaces. The road to higher likelihood of growth and profitability leads through the Indian Metro. 4. Large deposits for the Non-Financial Corporations at around ₹32,611,52 crores or 17.13% presents an uncanny duality. On one hand, these corporations are likely competition for startups. But? On the other hand, they can also be viewed as potential clients. B2B startups that offer valuable services to these corporations, such as SaaS solutions, stand to gain from this. 5. The Financial Corporations section, represents 5.84% of total deposits (₹1,111,565 crores) It creates an opportunity for FinTech startups seeking to disrupt or foster partnerships. Link to RBI data: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=BsrPublications#!21