7 sats \ 3 replies \ @cointastical 2 Jan 2023 \ on: India: demographics and Bitcoin bitcoin
If bitcoin were to capture even a decent fraction of remittances that would be a huge boost towards mass adoption.
As remittances to India touch $100 billion, diaspora puts its money where its mouth is
#116165
https://www.americanbazaaronline.com/2022/12/29/indian-diaspora-100-billion-remittance-451962/
Why India’s secret export power is remittance
https://timesofindia.indiatimes.com/why-indias-secret-export-power-is-remittance/articleshow/96657873.cms Archive
Thank You for this information. Thats a very strong argument if You keep in mind how easy it is to get access to the btc ecoystem and what's the dynamic like in the LN based on Taro! Greets and thanks again!
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Probably could soon overtake Japan and Germany economically to take over the 3rd place in the global economy.
Not sure how soon, but yes -- India needs to only grow their GDP by 15% to top Germany's, and 22% to top Japan's.
Share of the global GDP, by country (2022)
Source:
Share of the global GDP, by country (2022)
#116515
https://www.visualcapitalist.com/countries-by-share-of-global-economy
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It could definitely be India's decade. And it will push some of the asian tigers, too. I really like Vietnam or Thailand as open market economies. That will attract lots of capital to flow.
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