Economy

Big global startup IPOs in Q2 2021

Nine big startups came up with IPOs in Q2 2021. All are technology companies except Oatley (Oat milk maker) and Didi (Ride haling company).

How much money do you need to be rich in India?

You need $60,000 net wealth (Assets – Liabilities) to be in the top 1 % of India which is 32 times the GDP/Capita in India.

30-year economic boom for big economies

In this 29-year period between 1991 and 2019, India's GDP/capita grew by an average of 6.9% every year, and the country became 7x richer.

How have the richest countries fared in the last 40 years?

The inability of oil-rich states to diversify their economy has hurt them. They are as dependent on oil in 2021 as they were in 1978.

Where is India headed?

A 3% annual will increase India's GDP per capita from $2,100 to $5,100 in 2050 as compared to $8,800 of China in 2019.

India – punching above its weight?

India's Wealth per capita is equal to that of Iran despite Iran's per capita GDP being four times of India. How do we explain this?

Is the Indian economy overleveraged?

India's external debt to GDP ratio at 19% is lower than all major emerging economies except China.