India is interesting because ever since their economy started slowing down in 2016, the top 5-20% stopped buying small affordable cars and motorcycles because they couldn't afford it while the top 5% started buying more expensive, larger cars. (i'm using percentiles because the media refers to the top 20% as the 'middle class' even though they are nowhere in the middle).
and the Government has been obsessed with building highways and widening existing highways even in places where it isn't environmentally suitable, its been the 'growth' strategy. it increases the GDP once off but doesn't have much impact the incomes of the working class, most of the spending ends up leaking into private contractors' bank accounts and imports.
most of the spending ends up leaking into private contractors' bank accounts and imports.
I mean… yeah. We want billionaires and contractors to become richer so then they’ll trickle it down to us. It’s basic economics. They’re learning from the best in the west
We also have a nearly 90% tax on cars and can't drive these cars after 10 years for Diesel and 15 years for Petrol. Plus the government mixes Ethanol in the fuel to further fuck up the vehicles all while fuel is already far more expensive than it's international rate and we have access to Russian fuel for even cheaper than that.
Infrastructure is bottom tier with bridges falling apart everytime it Rains a bit. No actual sewage system so water clogs everytime it Rains a bit. Roads are dogshit and riddled with traffic. Most people live like cockroaches in fucked up environments. Honestly I would rather move to Europe than live here.
India is interesting because ever since their economy started slowing down in 2016, the top 5-20% stopped buying small affordable cars and motorcycles because they couldn't afford it while the top 5% started buying more expensive, larger cars. (i'm using percentiles because the media refers to the top 20% as the 'middle class' even though they are nowhere in the middle).
and the Government has been obsessed with building highways and widening existing highways even in places where it isn't environmentally suitable, its been the 'growth' strategy. it increases the GDP once off but doesn't have much impact the incomes of the working class, most of the spending ends up leaking into private contractors' bank accounts and imports.
I mean… yeah. We want billionaires and contractors to become richer so then they’ll trickle it down to us. It’s basic economics. They’re learning from the best in the west
We also have a nearly 90% tax on cars and can't drive these cars after 10 years for Diesel and 15 years for Petrol. Plus the government mixes Ethanol in the fuel to further fuck up the vehicles all while fuel is already far more expensive than it's international rate and we have access to Russian fuel for even cheaper than that.
Infrastructure is bottom tier with bridges falling apart everytime it Rains a bit. No actual sewage system so water clogs everytime it Rains a bit. Roads are dogshit and riddled with traffic. Most people live like cockroaches in fucked up environments. Honestly I would rather move to Europe than live here.