Body massage and tourism are not real source of income for Thailand, the country earns maximum money from...
New Delhi: Thailand is in the news these days due to the border dispute with Cambodia. The common belief is that tourism is the mainstay of Thailand's economy, but this is only half true. What is the main source of Thailand's income?
This country of South-East Asia owns a multi-faceted economy, where, along with tourism, agriculture, export, industry, and services also play an important role. According to the data, even though the share of tourism in Thailand's GDP is about 20%, other sectors play a bigger role than this. There is a belief in many parts of the world that Thailand is related to massage and similar businesses, but this is not at all true. Let us know through this article from which other industries Thailand earns. Which are the other sectors from where Thailand earns?
Thailand is the world's largest rice exporter. Its 'Jasmine Rice' is very popular in the international market. Along with this, rubber, fruits, marine products and maize are also produced in large quantities. According to estimates, 30% of the country's population is dependent on agriculture. At the same time, fisheries also strengthen the rural economy of the country and there is a large export of prawns, squid and fish. Why is Thailand called the Detroit of Asia?
Thailand is called 'Detroit of Asia' because there are automobile plants of Japanese, American and European companies here. Companies like Toyota, Honda, Ford, and Isuzu manufacture vehicles on a large scale. Electronics, computer hardware, and textiles are also important components of Thailand's industrial strength. What are Thailand's other sources of revenue?
About 60% of Thailand's economy comes from exports. The country exports agricultural products, automobiles and electronics to China, Japan, America and the European Union. Tourism is also a major source of income. In the year 2024, about 35 million foreign tourists came to the country, generating an income of about $ 48 billion. Health services, especially medical tourism, have also given the country international recognition.
Thailand is an attractive destination for foreign investors due to political stability and business-friendly policies. Many companies from Japan, America and China are investing here. Also, the production of minerals like natural gas, tin and tungsten has promoted industrial development.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
23 minutes ago
- Economic Times
Nithin Kamath slams flawed comparison between India and US in candid post, says ‘Gambling runs deep in American culture'. Netizens applaud
Agencies Zerodha's Nithin Kamath sparked debate by contrasting India's options trading with the US, cautioning against superficial comparisons. He emphasized that India's market is less leveraged and still developing, unlike the US, which he characterized as having a deep-rooted gambling culture. In a bold and unfiltered post that's making waves across financial circles, Zerodha co-founder Nithin Kamath has challenged what he calls a 'misguided narrative' comparing India's options trading volumes to those of the United States. And he isn't mincing words. Kamath took to social media this week, highlighting stark contrasts in market maturity, investor behavior, and cultural ethos—concluding with a punchline that's hard to ignore: 'Gambling runs deep in American culture.' The remarks, which appear in a now widely circulated LinkedIn post, reflect growing concerns over surface-level interpretations of trading data, especially as India's retail participation in stock markets continues to surge. At the heart of Kamath's argument is the assertion that Indian markets are not dangerously overleveraged, as some analysts and commentators suggest. He notes that most comparisons rely on the sheer number of options contracts traded, without factoring in premiums or actual capital value. 'If anything, India is significantly less leveraged than the US, even taking into account the fact that our markets are 15–20 years behind theirs,' Kamath wrote in his post. To drive home the scale of difference, Kamath pointed out that the margin funding market in the US recently crossed $1 trillion. In India? It's still under $10 billion—just 1% of that. Likewise, while shorting is a trillion-dollar mechanism in the US, India's stock lending and borrowing market remains in its infancy. — Nithin0dha (@Nithin0dha) Kamath's most eyebrow-raising observation, however, came from outside the trading world—sort of. Referring to a bizarre $210 million wager on whether Ukrainian President Volodymyr Zelensky would wear a suit to the NATO summit, Kamath underlined how deeply embedded gambling is in the American psyche. 'From the stock market to sports, casinos, events, lotteries, prediction markets, and crypto, you can bet on anything,' he said. 'Calling the US a gambling society wouldn't be unfair.' Kamath's comments have ignited a spirited conversation online, with many users rallying behind his take. One user wrote, 'We actually cannot compare Indian markets with the US… the biggest companies in the US are still growing fast, but fractional investing will change the Indian market.' Another comment struck an optimistic tone: 'In the US, approximately 62% of the population has stock market investments, whereas in India, it's only 6%. India could be a sleeping giant waiting to awaken.' Other users praised Kamath for drawing attention to the importance of measuring real leverage over superficial contract counts. 'Comparing contract numbers without looking at actual value is like counting cars without checking if they're Ferraris or Fiat Puntos,' one quipped. Kamath's broader point is that while India's markets are evolving rapidly, they are still in a formative phase—and that's no reason to ring alarm bells. He argued that overzealous comparisons with mature markets like the US not only lack nuance but risk misleading retail investors and policymakers alike. 'We're still building basic infrastructure,' another netizen commented. 'Our regulators are right to be cautious given how new retail participation is. Better slow growth than 2008 crashes.' Whether one agrees or disagrees with Kamath's framing, one thing is clear: the story of India's financial markets cannot—and should not—be told through the lens of another nation's gambling habits.
Time of India
26 minutes ago
- Time of India
From stress to serenity: How India's yoga diplomacy can benefit H-1B holders
As someone who has been advocating for knowledge-worker rights since 2004, I've witnessed the H-1B visa issue evolve from online debates to kitchen table discussions and eventually, to the halls of Congress. The uncertainty and anxiety faced by Indian H-1B holders and their families have only intensified with the growing US visa backlog, now a staggering 11.3 million under the Trump administration. The US visa backlog has real-life implications for millions of Indians who have invested in their American dreams. Delays and uncertainty have become a constant source of stress, affecting not just their careers but also their personal lives. As a nation with a significant soft power asset in spiritual diplomacy, India must navigate this complex issue while balancing its strategic autonomy. A Powerful Tool for Cultural Understanding India's spiritual diplomacy, including Yoga diplomacy, can be a potent tool in promoting cultural understanding and cooperation. With International Yoga Day recognised by over 180 countries worldwide, Yoga has become a global phenomenon, promoting Indian heritage and global harmony. Yoga, with its emphasis on mindfulness, breath control, and physical well-being, can help alleviate stress and anxiety, promoting mental health and resilience. By showcasing its rich spiritual heritage and promoting Yoga, India can foster people-to-people connections and build bridges between nations. Creating a Collective Collaborative Ecosystem To harness the benefits of Yoga diplomacy, India can invite Yoga centres across the country to participate in a unified initiative. This ecosystem can be built by partnering with renowned Yoga centres and ashrams to develop and promote Yoga programs tailored to the needs of Indian citizens abroad. Digital platforms like YogaYukt can disseminate Yoga resources, including videos, apps, and online classes, to enhance accessibility and reach a wider audience of over 650,000 volunteers trained through the Yoga Certification Board. Collaborating with research institutions can also help study the benefits of Yoga and meditation for mental health and well-being. Economic Potential The significance of Yoga and Ayurveda extends beyond culture and diplomacy — they also carry major economic potential. As part of the $4 trillion global wellness industry, India has positioned itself as a leading supplier of Ayurvedic products, herbal remedies, and wellness services. Yoga-related tourism, teacher training programs, and international workshops generate revenue and open up employment opportunities. With global trends shifting toward preventive health and natural living, India is increasingly seen as a hub for integrative healthcare — a fusion of tradition and innovation. A Game-Changer for Global Understanding India's collective collaborative effort to promote Yoga diplomacy can be a game-changer in fostering global understanding, cooperation, and peace. By harnessing the power of Yoga and meditation, India can promote its rich spiritual heritage, build bridges between nations, and demonstrate its commitment to the well-being of individuals worldwide. This initiative can not only aid in addressing the challenges faced by Indian citizens abroad but also showcase India's unique cultural identity and promote a positive image of the nation globally. With a 25-million-strong Indian diaspora representing a powerful network of influence across the world, Yoga diplomacy provides a cultural link that strengthens ties between these communities and their homeland. As India continues to navigate complex global issues, its Yoga diplomacy effort can serve as a beacon of hope and cooperation, promoting a more harmonious and peaceful world order. Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.
News18
26 minutes ago
- News18
US Consumers Will Be Paying A Large Sales Tax On All The Imported Goods : Steve Hanke #brasstacks
US Consumers Will Be Paying A Large Sales Tax On All The Imported Goods : Steve Hanke #brasstacks Last Updated: July 31, 2025, 22:49 IST Videos World | Trump reserves the right to change the terms of the deal since nothing is in writing. American consumers will be paying a large sales tax on all the imported goods. It is a disaster for US consumer: Steve Hanke American Economist n18oc_worldWatch News18 Mobile App - homevideos US Consumers Will Be Paying A Large Sales Tax On All The Imported Goods : Steve Hanke #brasstacks CNN name, logo and all associated elements ® and © 2024 Cable News Network LP, LLLP. A Time Warner Company. All rights reserved. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Use of the CNN name and/or logo on or as part of does not derogate from the intellectual property rights of Cable News Network in respect of them. © Copyright Network18 Media and Investments Ltd 2024. All rights reserved.
