HN user

ashwinm

79 karma

Same username on twitter

meet.hn/city/in-Bengaluru

Socials: - x.com/ashwinm

---

Posts10
Comments35
View on HN

It is hilariously unique indian mentality. Jumping on any positive news about the country to correct why it cant be. It always starts with "believe me im indian". A glance over the report could have prevented it.

It uses Multidimensional Poverty Index (MPI) not something you are referring to.

What leak exactly? What do anyone achieve by getting your number? Does this outweigh it benefits?

Now you want India to stop subsiding poor? Do you even know the level difference between US and India. And history of political/economic systems?

And who should be making solutions, Internet warriors like you ? Comparing US, then bend over and gives his DNA to get a tourist visa. Hay, I gave it voluntary !

Where are you coming from ? I live in Bangalore and been to Delhi. Every shop including kirana's have wallet facilities. Now they are graduating to UPI. And its backed by statistics by RBI. Mobile payments increased 61% last year.[1]

Indian's are just like any other middle,lower-middle income society. They are careful where they spend money. Your parents are part of 'late majority' in the Diffusion of innovations curve [2]. Look what collage kids do not parents.

[1] https://telecom.economictimes.indiatimes.com/tele-talk/mobil...

[2] https://en.wikipedia.org/wiki/Diffusion_of_innovations

If you don't know where the bias is coming then how can you judge it objectively ? I will not take fox news or British tabloids seriously just like these guys.

It is not name calling when the editors have a history with the ideology. Its a common knowledge. If you ask them they will say the same (In india, its not a derogatory term) !.

Your sources are staggeringly biased. Misrepresenting statistics by making it intentionally complicated.

No it didnt

Average ~25-30% growth in urban india.[1]

Questionable

Seriously ? Official data is available. Can't you judge it yourself? Communist 'thewire' is your source that too for when there is official clarifications?[4]

[1] https://timesofindia.indiatimes.com/img/61556580/Master.jpg

[2] https://timesofindia.indiatimes.com/img/61556578/Master.jpg

[3] https://www.rbi.org.in/scripts/neftview.aspx

[4] http://pib.nic.in/newsite/PrintRelease.aspx?relid=170087

[5] http://indianexpress.com/article/business/demonetisation-imp...

In india two third economy was unaccounted. With demonetization everyone had no other option but to deposit it in to bank accounts. Which made a money trail.

-- 2$-3$ billion worth of old currency IT department last year.

-- The total tax base is increased. Evidence of this is that PAN card applications have increased 3x (Daily Issuance of PAN Nearly Triples Post Demonetisation), number of people filing tax has grown a lot [Income tax base expands by 9.1 mn people after note ban) and net tax collections is also significantly up. This is good for a lot of reasons. It makes the taxation fair and also can help government increased budgetary allocations.

-- Economy is able to run normally with 20% lower currency levels.Which makes it harder for households to hoard money. When money is not hoarded, it makes for greater efficiency in the economy.

-- Bank deposits have grown significantly

-- Digital banking became a way of life atleast in the urban India.

No its not. Why do you want wallet when you can transfer directly from bank account with same ease? 270 million bank accounts were opened under Jan Dhan, mainly poor.

Paytm is transforming itself to payment bank and UPI provider.