Consumption
topic on 2 shows · 4 statements across 4 episodes
the Knowledge Project 
WTF is with Nikhil Kamath
4 statements about Consumption, every show
Escobari: Consumption explodes when GDP per capita reaches $3,000 to $5,000
“In the three to five, consumption explodes.”
Biyani: 30 million households drive 60% of India's total consumption
“The 30 million, what do you call, three crore households in this country, are basically contributing to 60% of India's consumption.”
Biyani: Peak consumer spending occurs at $7,000 to $11,000 per capita GDP
“The best consumption happens when the economy is around 7000 to 11,000 dollar.”
Cowen: Automation will widen income inequality while boosting consumption for the poor
“So the world will be a lot more productive because of automation and smart software, and this will give us a lot of consumer goods for free. So we'll have this super sharp divide between the rich and the poor in terms of income, but in terms of actual consumpt…”