USA Entitlement Spending equals India’s GDPMarch 4, 2011 7:41 am
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”
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