India’s IT Professionals More Valuable Than Wall Street Investment Bankers

Here is some stats, purely from a relative per capita perspective:

Indian IT industry makes revenues of 76 Billion on an employee base of 2.54 Million.
So industry per capita revenue: USD 29921.

Per Capita of average Indian: 1134 USD.

So the average IT professional, in per capita terms, provides 26 times more output in dollar terms than the average Indian.

But Wall Street Investment Bankers make a total revenue contribution of 20.58 Billion USDs, with an employee base of 162,200. So that is a per capita contribution of 123456 USDs. But US Per capita income is 45989 USDs.

So the average Investment Banker on Wall Street, in per capita terms, provides just 2.6 times more output in dollar terms than the average American.

That is quite a difference.

Statistics Source: Nasscom, World Bank, WSJ, Economic Times

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Japan’s Earthquake Impact: Just One-Fifth Of US War Budget For 2011

This from AIR Worldwide: “Based on currently available information, catastrophe modeling firm AIR Worldwide estimates that insured property losses from the Mw9.1 earthquake that struck Japan on Friday will range between 1.2 trillion JPY to 2.8 trillion JPY. Using today’s exchange rate of 81.85 JPY to the dollar, this translates to a range of between 15 billion USD and 35 billion USD. ”

We have written about the US war budget for 2011: Wall Street And The War In Iraq. “According to the Department of Defense, the US has budgeted 159.3 Billion USD for the wars in Iraq and Afghanistan for the year 2011.”

So there it is – the painful comparison – US Has Budgeted 5 To 10 Times The Total Economic Impact Of The Earthquake For War In 2011.

Statistics Source: AIR Worldwide

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India’s Total Online Ad Market Equals Facebook’s 3 Weeks Revenue

Here is another statistic, just to get the relative sizes of market right: Based on projected numbers,

India’s Online Advertising Market for the year 2011: 222 Million USD (Source: IAMA)

Facebook’s Revenue for 2011: 4 Billion USD (they did 2 Billion in 2010)

So there it is, the comparison: India’s Total Online Ad Market Equals Facebook’s 3 Weeks Revenue.

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China Has 9 Times More Active Internet Users Than India

Even though it is a well known fact that China is the most connected country in the world in terms of number of active internet users, we don’t look at this statistic this way: China has 9 times the active internet user base as that of India. Yes, thats right, 420 Million active internet users in China vs some 52 Million in India.

Total Number of Active Internet Users in China: 420 Million (China Internet Network Information Center)
Total Number of Active Internet Users in India: 52 Million (Internet And Mobile Association of India)

Statistics Source: IAMA Report

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Angry Bird Users Can Create Wikipedia in 30 Days

If everyone playing Angry Bird starts working on putting together some knowledge about the world, they can create a complete wikipedia in 30 days. Yes, thats right. The COMPLETE WIKIPEDIA in 30 days.

The total number of hours consumed by Angry Birds players world-wide is roughly 200 million minutes a DAY, which translates into 1.2 billion hours a year. To compare, all person-hours spent creating and updating Wikipedia totals about 100 million hours over the entire life span of Wikipedia (Neiman Journalism Lab).

We have written about Angry Bird Statistics before. But this comparison is just mind blowing.

Statistics Source: Mauronewmedia

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USA Entitlement Spending equals India’s GDP

Talking about scale, this one is a stunner – remember, India has a population of more than 1.2 billion, compared to the U.S population of 300 million. The stat is a little old, but the scale holds.

Going through Mary Meeker’s USA INc report, we spotted this statistic:

“USA Entitlement Spending equals India’s GDP”


With a population of 1.2 billion (vs. USA’s 310 million) and 2010 GDP growth of 10% (vs. USA’s 3%), India is a well recognized emerging country on the global stage.

It’s notable that India’s 2010 nominal GDP* of $1.43 trillion was equal to USA’s $1.43 trillion in federal government spending on Social Security, Medicare, and Medicaid.

Statistics Source: Mary Meeker, “About USA Inc” Report

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100 Million: iPods Vs iPhones

It took Apple Five and a half years to sell 100 Million iPods. In just three and a half years, it has sold 100 Million iPhones.

CUPERTINO, California—April 9, 2007—Apple® today announced that the 100 millionth iPod® has been sold, making the iPod the fastest selling music player in history. The first iPod was sold five and a half years ago, in November 2001, and since then Apple has introduced more than 10 new iPod models, including five generations of iPod, two generations of iPod mini, two generations of iPod nano and two generations of iPod shuffle.

Source: Apple

Apple announced, at its event in San Francisco Wednesday, that it has sold its 100 millionth iPhone.

When the iPhone first launched in June 2007, many questioned the long-term success of the product — could Apple, a newcomer to the mobile space, make a name for itself. The answer, unequivocally, is yes.

Source: Mashable

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Whats A Tweet Worth?

Google this term ‘Whats A Tweet Worth?’ , and you will find tonnes of results. There is a reason for that – how else do you value a company with no other assets, literally?


We spotted this statistic in wsj today – the monetary value of a single tweet –

At $10 billion, Twitter is valued at $105 for each of the 95 million tweets its users write every day.

Statistic Source: WSJ DealJournal

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Wall Street and The War On Iraq

We wrote about 135 Billion recently – the total Wall Street compensation for the year 2010. That number is strikingly close to another number that is a US priority – the war on Iraq and Afghanistan. According to the Department of Defense, the US has budgeted 159.3 Billion USD for the wars in Iraq and Afghanistan for the year 2011.

Statistics Source: Defense.gov

This equals that!

And, thinking that Wall Street deserves that 135 Billion would be a classic ‘fooled by randomness’ scenario. Iraq and Afghanistan we understand – Wall Street, we don’t !

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Starbucks, Gartner and App Stores: The 15 Billion Dollar Connection

We now have a brand new 15 Billion Dollar Industry – Well, if we are asked to take a guess, most of us would get this one right – bcos we all know, ‘there must be an app for that’ !

Gartner estimates that the app store industry would ring in revenues of 15 billion USDs, no less. This is a 190 percent increase from 2010 revenue of $5.2 billion.

Worldwide mobile application store downloads are forecast to reach 17.7 billion downloads in 2011, a 117 percent increase from an estimated 8.2 billion downloads in 2010, according to Gartner, Inc. By the end of 2014, Gartner forecast over 185 billion applications will have been downloaded from mobile app stores, since the launch of the first one in July 2008.

Worldwide mobile application store revenue is projected to surpass $15.1 billion in 2011, both from end users buying applications and applications themselves generating advertising revenue for their developers. This is a 190 percent increase from 2010 revenue of $5.2 billion.

Now that we have spotted this statistic, how do we digest this? Lets try this: the annual revenue of Starbucks. In 2010, Starbucks made USD 10.7 billion in revenue. So our hypothesis is right: the act of buying an app from the app store is comparable to having a coffee at Starbucks. Well, more or less 🙂

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