India Archives

Asian Ascent

By Econ70 | 11/15/2012

By 2060, India and China are each projected to have economies larger than that of the US, and collectively 46% of world GDP, compared to 24% today. By contrast, the developed economies of Europe, North America and Japan will account for 42% of world GDP compared to 65% now. Despite this, GDP/person in China will…

Food is Expensive

By Econ70 | 05/31/2011

In poor countries people spend much more on food than we do. In the Philippines 47% of income is spent on food. The amount is 45% in India, 40% in Vietnam, 36% in Indonesia, 33% in Thailand, 30% in China, 22% in Singapore, 14% in S. Korea. Here it’s just 8%. Because it’s so high…