Rashmin 🇮🇳

Yes, Professor Kevin. In 'PPP per capita' terms India is growing faster than China was at one stage. That's something amazing. So the transformation is going to be faster. But India will be much better than Mexico, Brazil, Thailand in a decade, and on par with China in many aspects (by PPP). Because, in 2030s: - India's manufacturing will become a big contributor to its economic prosperity. - India's exports will be many times of what it is now. - India's massive investments in national infra and logistics now will start paying huge dividends. - And most importantly, the Indian rupee will start appreciating sometime in 2030s due to all the above. It can't be kept weak even if India wishes. - The AI enabled tech acceleration in 2030s will contribute to faster transformation of India. - India's next infra push starting soon is going to be in developing its cities to world class, modern standards and providing quality housing for all. So that's why I keep saying the world will experience "the great Indian short squeeze" in 2030s. Due to adversarial attacks and infowar, to hurt India in many ways, India is being shorted by the world as being some laggard incapable of improvement. Indians themselves have been made to believe this by constant propaganda using everyday issues (which were much worse before.) And suddenly, in 2030s, the world will realize they have been misled about India. They will land in India to experience much better infra and facilities than home. They will see most Indians living affordable and wealthy lives with low crime and high trust. It will be a Megasthanes, Marco Polo, and Mark Twain moment for the west, discovering India, all over.

According to World Bank's latest report, India's extreme poverty has fallen from 27.6% to just under 2.6%. And for Indians living under Rs. 400 a day (lower middle income), it has come down from 57.7% of the population to 16.1%. Remarkable achievement by India given the rupee depreciated and the inflationary pressure of a fast growing economy.