Ppl with such low GDP per capita are supposed to get cheaper/better public healthcare/infra/education etc first than cheaper 1GB per day data plans to watch tiktok & youtube all day. It is called putting the cart before the horse.Why? Isn't the telecom sector delivering prices that conform to GDP per capita?
Certainly more affordable than earlier.
Whereas you could argue that energy costs are not.
Read this multi page old pdf (https://old.ccs.in/internship_papers/2002/16.pdf ) which still holds true in many areas to know the facts of "Delhi electricity board privatisation". To keep it short, the power sector in Delhi is not fully privatised & the low electricity prices ppl get there mainly comes from govt money paid to the companies which eventually leads to this situation:If there was more competition in the power sector then prices will reflect the increased competition.
In Delhi this is a reality. I thought it was the case in Bombay too. So i don't get why @6pack doesn't get the benefit?
Delhi projected to slip into revenue deficit for first time in 31 years | Delhi News - Times of India
Delhi's finances are predicted to fall into deficit for the first time by the end of FY25, with expenses surpassing revenue. Earnings are projected to
timesofindia.indiatimes.com
You are the one being clueless here if you think gdp per capita does not matter. Amusing thing is that all the govts in India so far want nothing more than increase this gdp per capita but go for the consolation prize of gdp as it is easier to achieve & sell to public not to mention gdp increase also increase gdp per capita. Btw, you can forget about India becoming developed nation by 2047 if it doesn't increase its GDP per capita to high levels because that's one of the basic requirements of being eligible to be called a developed nation. @variablevector already explained about "nominal vs real gdp".The question is why does gdp per capita matter. If it did then showoff section on this board would be about showing what fruits and vegetables you could afford today.
It matters if you want to launch some fcmg product and looking for opportunities. Not when speaking about the aggregate national level.
And there is the clue for you.
Aggregrate not disaggregate.