How rich do you think Indians are really (or) what is the true buying potential of the Indians ?
Mood:  bright
Topic: Indians Real PPP ????
I wonder what is the real worth of most of the folks in India. I know on paper it is lot lot less. I keep coming across people with small jobs but big properties in their or under some binami names. How are all this getting accounted for in the big picture? My father is a teacher and we spent most of our childhood in small villages. Begin a teacher they have to do all kind of census work in and arround their school village. Sometimes I used to go with him and help in filling out those spread sheets with the data. One such census I went with him was to collect movable & immovable properties, Anual Income of each house etc etc. I was amazed to see the numbers they come out with. A typical house in a village for example with a mother, father at a minimum two sons both married living together having one or two acers of land and all six also working as agriculture labour ( those days the minimum was 25 to 40 Rs a day ) say they anual income is 1500 Rs. We reasoned with them a lot we said it is not what you save we are interested in just the income. We had to give up and right down the amount they say. Also the big shots in the village with 30 to 40 aces of land will let us write something like 15000 to 20000 Rs a year. Of about 50 odd villages I went to with him only one house had a an income of above 30000. Rs per annum. I am not sure where and how these census end up but I have a feeling that ture purchasing power parity of Indians could be lot lot higer than what we see.