Poging GOUD - Vrij
RHETORIC OR REALITY: FOCUS ON PER CAPITA
Mint Mumbai
|February 16, 2024
There was a time, I feel sure, when India had nobody who played cricket.
That was before England brought cricket to India and sparked the craze for the game we now see here. But in those early days when nobody played cricket in India, there were already plenty of people who played it in England. But at some point, after Indians got hooked to the game, certainly our count of cricket players equalled and then overtook England's.
Did we celebrate that moment? Don't worry, it's a rhetorical question.
You and I own companies that both make handmade shoes. Yours is several years older than mine. So when mine started operations, naturally yours was producing far more shoes than mine. But my company is much larger it has recruited 10 times the number of shoemakers that you employ. Inexorably, then, my company catches up to and overtakes the output of yours.
Is either company surprised when that happens? Rhetorical question again.
One final situation for your contemplation. The Agarwal family has mother, father, and two kids, all with large appetites and no interest in exercise. Thus, all four cut rather portly figures. Collectively, they weigh 400 kg (bear with me, this is a thought experiment). Their neighbours, the Manchandas, are far more health conscious-they eat wisely, play football regularly and are all slim and athletic people. They are a larger family than the Agarwals: mother, father and six kids (bear with me again).
In each case, a better comparison might be with "per capita" numbers.
Divide the families' respective weight totals by their count. You find that individually, the Agarwals comfortably outweigh the Manchandas, 100kg to 50kg. So much for a milestone. I don't know how many cricketers England and India, respectively, have-except that India must have many more. But even if India has nearly 20 times as many people, I suspect India's per capita cricketer count is about the same as England's; certainly not 20 times greater.
Dit verhaal komt uit de February 16, 2024-editie van Mint Mumbai.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Mumbai
Mint Mumbai
These firms will sell shovels during semaglutide gold rush
Weight-loss drug semaglutide, also used to treat type-2 diabetes, will face its next big turning point in early 2026, when patents held by Novo Nordisk expire in India.
1 mins
November 27, 2025
Mint Mumbai
'First-gen founders take bigger investment risks'
India’s markets are minting a new class of first-generation millionaires: entrepreneurs who’ve scaled ideas into Initial public offerings (IPOs) and unlocked unprecedented personal wealth.
2 mins
November 27, 2025
Mint Mumbai
EV, hydro boom to power 6x rise in battery storage by ‘47
India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic components, according to two people aware of the development, with electric vehicles (EVs) expected to contribute a third of the demand.
2 mins
November 27, 2025
Mint Mumbai
Candidates using AI? No, thanks, say IIT recruiters
As the annual placement season dawns at the Indian Institutes of Technology (IITs), colleges and recruiters are working to bar artificial intelligence (AI) tools and prevent cheating at test venues, a concern that first rose last year.
3 mins
November 27, 2025
Mint Mumbai
Taxpayer base soars, but return filings lag sharply: CBDT data
India’s income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, according to latest data from the central board of direct taxes (CBDT).
3 mins
November 27, 2025
Mint Mumbai
Market nears peak on dollar tailwind
Stocks jump 1.2%, but futures rollovers signal weak conviction
3 mins
November 27, 2025
Mint Mumbai
SP Eyes Tata exit to cut debt costs
Debt-laden Shapoorji Pallonji Group is banking on Tata Trusts softening the stance on its potential exit from Tata Sons to reduce its borrowing costs, two people aware of the matter said.
2 mins
November 27, 2025
Mint Mumbai
MO Alternates launches its maiden private credit fund
The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions
3 mins
November 27, 2025
Mint Mumbai
HP to cut jobs after profit outlook miss
HP Inc.gave a profit outlook for current year that fell short of estimates and the company said it will cut 4,000 to 6,000 employees through fiscal 2028 by using more AI tools
1 mins
November 27, 2025
Mint Mumbai
Apple set to regain top smartphone maker spot after 14 yrs
Apple Inc.will retake its crown as the world’s largest smartphone maker for the first time in more than a decade, lifted by the successful debut of a new iPhone series and a rush of consumers upgrading devices, according to Counterpoint Research.
1 min
November 27, 2025
Listen
Translate
Change font size

