Götterdämmerung
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I won't mind buying. But I don't have roads to drive on ...... too congested! Hence did not buy it![]()
I only drive once a month my car to resupply my wine cellar.

Public transport and bike are more fun and less hussle.
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I won't mind buying. But I don't have roads to drive on ...... too congested! Hence did not buy it![]()

Like this?Small family run farms and industrial agriculture both have their advantages and disadvantages. The best would be to combine small family run farms within a co-operative with high education, particularly knowledge in how to ensure sustainable high yield without depleting and poisoning the soil.
I think the report is about annual average real growth, growth minus inflation....Probably inflation in india is quite high?
I think it's about inflation and currencyActually the inflation is very low.
The OP says about real average growth. While India's GDP grew by 70%, salaries grew only by .2%. So what is happening to the remaining GDP? It should account for someone's activity after all GDP is the total income of all the people of the country.
I only drive once a month my car to resupply my wine cellar.
Public transport and bike are more fun and less hussle.
I think it's about inflation and currency
This year's real growth
View attachment 334918
http://www.economist.com/node/21604509
View attachment 334920
View attachment 334919
Real growth discounts inflation and not currency fluctuations. GDP growth rates are real growth rates, they don't include inflation. Currency has nothing to do with salaries. And inflation has been hovering around 5%,which is quite healthy. If jobs are not growing, salaries are not growing, but GDP is growing, there is something missing from the equation.
Maybe they are giving figures in USD.
Our currency has declined from 47 per dollar at its height in 2008 to 67 right now.
If that is the case it will reflect why all growth in salaries was taken away by decrease in currency valuation.
Maybe it's better to find the original report....Then it is like comparing apples with oranges. This will undermine the whole OP.
Of course Chinese salaries are way ahead of India. China is the largest or 2nd largest consumer market for nearly all the big global brands and Chinese tourists are the biggest spenders in the world by a long way.
China is ahead of India in everything and that will continue to be so forever. I've said India will break up sometime this century as they will get their 'balkanisation' moment. Artificially created unions never last.
India won't EVER surpass China.
Luckily for Germany Porsche a and BMW doing well in China. The middle class us getting bigger every year so no worriesTo whom shall we sell our Beamers and Porsches if China remains poor? EU and US markets are saturated.
India salaries inch up, Chinese rise 11%
Updated: September 16, 2016 00:39 IST
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Local pay packets grew just 0.2% since 2008
India has seen a salary growth of just 0.2 per cent since the great recession eight years back, while China recorded the largest real salary growth of 10.6 per cent during the period under review, says a report.
According to a new analysis by the Hay Group division of Korn Ferry, India’s salary growth stood at 0.2 per cent in real terms, with a GDP gain of 63.8 per cent over the same period.
During the period under review, China, Indonesia and Mexico had the largest real salary growth at 10.6 per cent, 9.3 per cent and 8.9 per cent, respectively.
Meanwhile, some other emerging markets including Turkey, Argentina, Russia and Brazil had the worst real salary growth at (-) 34.4 per cent, (-) 18.6 per cent, (-) 17.1 per cent and (-) 15.3 per cent, respectively.
“Most emerging G20 markets stood at either one end of the scale or the other either amongst the highest for wage growth, or amongst the lowest. However, India stood right in the middle, with all the mature markets,” the report said.
Unequal wages
The report further noted that Indian wage growth is the most unequal.
“Of the countries we looked at, Indian wage growth was by far the most unequal — people at the bottom are 30 per cent worse off in real terms since the start of the recession; whilst people at the top are 30 per cent better off,” said Benjamin Frost, Korn Ferry Hay Group Global Product Manager — Pay.
Strong wage growth for senior jobs is mostly because of skill shortages for key professional and managerial roles; and the increasing connection to a more globalised pay market at the senior levels — a market where India still pays less than most countries, but is catching up fast, Mr. Frost said.
Regarding the poorer wage growth at the bottom, the report noted that it was more because of an oversupply of people.
“India has made less progress than some other countries in bringing high value jobs to the country. This has led to poor job growth, therefore an oversupply of unskilled or semi—skilled people, and poor wage growth,” Mr. Frost said.
Worst recovery
Globally, the United States suffered one of the worst salary recoveries among developed nations. Adjusted for inflation, salaries in the United States decreased 3.1 per cent on average since September 2008 — despite a Gross Domestic Product (GDP) growth of 10.2 per cent.
Canada leads
Canada’s salary recovery is the best among developed nations, with a 7.2 per cent salary growth on average, with a GDP gain of 11.2 per cent.
Other developed nations experienced flat to modest salary growth, with Australia at 5.9 per cent, France at 5.2 per cent, Germany at 5 per cent and Italy at 2.4 per cent.
“Overall, while global economists point to this recovery as one of the worst in history, there are political, economic and social reasons for the disparate salary fluctuations in different countries,” Mr. Frost said.
http://www.thehindu.com/business/Economy/india-salaries-inch-up-chinese-rise-11/article9111667.ece
Sorry that i've deleted the first thread because of posted in the wrong section
How is the salary of informal sectors like? Here, in informal sectors like daily paid construction workers such as brickmason, they are paid several hundred yuan per day.Well, that is if they have a "Salary". For 80-90% work force that labored in "Unorganized or Informal sectors", their income may not even be surveyed.
How is the salary of informal sectors like? Here, in informal sectors like daily paid construction workers such as brickmason, they are paid several hundred yuan per day.
Workers in factories are not considered woking in the formal sectors?There was a thread discussing "Chinese Incursion on Indian Flag Industries...", and here is what was said: " Even after working for 8 to 10 hours per day, their earnings do not cross Rs 600-700 a week. Most of the women are sold bread winner of the family".
$10 for per week hard labor!!! This is the Second India that our friends here have no idea about.
Source: https://defence.pk/threads/chinese-incursion-on-indian-flag-industry-huge-demand-for-tricolours-‘made-in-china’.444112/#ixzz4KU0cGTb6