Most people think India is doing poorly in economic growth, but the truth is India is doing great in terms of Profit \u2014 GDP ratio. Still, the overall development of GDP is slower. Indicating that the country is doing great in improving the profits of earning people, most people are starving on the other hand. So the people\u2019s income is generated at the cost of others sacrificing their food.unsplash.comThe primary reason for this is because India is creating a local economy rather than a globalized one. Most people in India earn their living from other Indians living around them. This doesn\u2019t increase the local living standard because the total value in circulation remains the same.Source: https:\/\/groco.com\/article\/how-much-profits-are-u-s-companies-really-holding-overseas\/On the other hand, countries like the US, UK & other EU nations have companies that generate income for their economy by creating global businesses. US companies make $2.1 trillion in income on foreign lands which is the GDP of India. So the US is earning the income that all Indians combined make from their foreign business. This would be a daunting task for companies in India to expand beyond borders; the average VC investment in India is far less than that of the developed nations. But these are all true if there is \u201cno bitcoin.\u201d2008 \u2014 The most significant year in the human race, where people started to thrive on decentralization. Unknowingly the human race began to understand that the businesses and money markets are condensed. This condensed economy created a more accessible mechanism or flow of capital across pockets\/nations across the globe.When people realized its nature of scarcity, they thought it could be the gold of the digital world. In my opinion, gold is invaluable compared to Bitcoin. Gold didn\u2019t impact lives in any way, and it just made rich stay rich. But\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Most people think India is doing poorly in economic growth, but the truth is India is doing great in terms of Profit \u2014 GDP ratio. Still, [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/4550"}],"collection":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/comments?post=4550"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/posts\/4550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/media?parent=4550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/categories?post=4550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/zh\/wp-json\/wp\/v2\/tags?post=4550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}