India has “miles to be traveled” in wealth creation compared to other Asian nations, said financial planner D. Muthukrishnan in an article on X (formerly Twitter). By relying on a striking comparison, he noted that, while 7% of Indians have passports, only 1% move internationally.
“The total owners of luxury cars in India, including brands like Mercedes -Benz and BMW, is estimated at only 0.5 million – only 0.03% of the population. In Thailand, the property rate is 5%. Did you know that 53% of Thai have a car, while in India, it’s only 7%? We have kilometers and kilometers to go, “he wrote.
His post resonated with many discussions sparkling on low -residents per capita from India, high taxes and inadequate infrastructure.
“Ridiculous taxes, pathetic roads and insane rights have prevented us from obtaining solid products! Hopefully the rights reductions will increase the automotive sector. I don’t care to protect the national industry if not competitive – Let the market free decide, “a user commented.
Another stressed that the problem extends beyond affordability. “International international and luxury travel rates in India in India are not only gaps in income. They are deeply structural – linked to town planning, taxation and social mobility. »»
Some users have underlined the need for higher income before expecting an increase in expenses. “Before that, we have to increase our income per capita from $ 2,900. If we exclude the highest 30 million people, it drops to only $ 600. Unless income increases, expenses will not do so either. But as a capitalist, I am optimistic about the banks – they fill the gap in grass India by a formal credit, “wrote a person.
Another has emphasized the low-income population of India: “The rich will take care of themselves. The poor, earning $ 1,000 at $ 1,500 in GDP, need support. They have limited resources and scope. »»
While some considered these statistics as alarming, others considered them as an appeal to action. “The potential of India is massive, but the gap is real. From passports to luxury cars, the figures tell a story of unexploited growth. Pontoons Le Dossé step by step, Mile by Mile, “said a user.
