India is the Last BRIC standing

pher said:

india should be kicked out from brics. it has worst econimical fator among all member, in terms of total or per capital gdp, yet creating biggest noise. Those indian working style only hamper brics's cooperation.

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And he strikes once again as the representative of his country to demonstrate his narrow thinking emerged out of his small brain.

India has a huge parallel economy in black money. Professionals hardly pay Taxes. Doctors, Advocates do not show their income to avoid taxes. Properties are sold (On paper ) at 20 to 30% of their actual value. Recently WB said that India's Poverty line is subject to a huge upward rrvision because of revaluation of Indian currency in PPP. Poor may fall to 25% of current level and bellow 100 MN in number. This is applicable to Indian Economy also. New valuation in PPP will push the size of Indian Economy much higher than current level of 4.5 TR USD to 7 to 8 TR USD in PPP term leaving behind Japan and other economy by a huge margin.

I don't know but all those BRIC nations are facing a slow down! Slowdown had started even in China :-/

Maybe these folks are more learned than those Harward Analysts at Goldman Sachs who proposed the idea of BRICs.

GDP Nominal is inversely proportional to GDP PPP , which is purchase power parity , u can get a Happy meal at under a dollar .

45'22' said:

Should wait for some time....
Modi is known for his development agenda...

And it will take Time to reflect those changes...
the next 2 years....expect the growth around 6 percent

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I don't doubt his ability as a statesman.Just pointing out a sobering facet of his PM term until now.

Nova2 said:

Which was what RBI has predicted it be around rather than the what economist has predicted its growth to be..
GDP growth likely to be below 5% in Q2: ICRA - TOI Mobile | The Times of India Mobile Site
this is what many have predicted
India's GDP growth to be subdued at 5.2 per cent in Q2: Dun and Bradstreet - Financial Express
and said a figure of 5.3% was too optmistic...but that is what they got..
Q2 GDP growth at 5.3% versus 5.2% YoY; slower than Q1 growth of 5.7% - The Economic Times on Mobile

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Sigh..you really don't get it do you?The report and links I posted clearly said that India actually grew slower than at the same period last year. The links you posted just show that everyone expected India's performance this year to be even worse than it has been.But it is still a drop in growth rates.

To sum it up in short,India did even worse than last year's under UPA but albeit at less than feared.India's growth rate is actually lower this time and is slowing down, even compared to last year and it is in no way a recovery at least as far as the concerned quarter.In short India is faring as badly as the rest of the BRICS,if not worse as the previous years were already periods of reduced and stagnant growth and certainly is not standing strong.An increased quarterly growth rate would be indicative of a strong and getting progressively stronger India and not a reduced quarterly result.

So how exactly is India standing tall amongst the BRICS,when it too is growing slower and in fact doing worse than an already bad previous performance?To say India performed better would be misleading.It would be far more apt to say India did less worse than expected but still very bad.

pher said:

we don't need to self-promoted like what india do about its super power status.. Actually US sugesst us to be one of the G2 to rule the world, and we reject it. apparently we are not as ambious as indians.

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Much appreciated.

China only deserves G1.

So, does Somalia.

And the good thing is that nobody's permission is needed to join G1.

Brahma Bull said:

Why would we even consider nominal GDP as the criteria ? In India with 1 dollar in your pocket,you can fill your stomach easily for a day.

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2 dollars.

jarves said:

2 dollars.

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25 Rs veg meal here in Orissa

jarves said:

2 dollars.

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20 Rs choley bhatoorey in delhi
but no guarantee you will survive the day

pher said:

we don't need to self-promoted like what india do about its super power status.. Actually US sugesst us to be one of the G2 to rule the world, and we reject it. apparently we are not as ambious as indians.

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G2? are u kidding me? china should G1 for its the sole superpower of the world and US stands nowhere near the chinese might. being a member of a BRICS does not suit china's reputation, it should kick its own a** out of it

After all these years，India is still growing at a snail's pace during a period of extremely high level of inflation

India would only manage sub 3% growth if the inflation rate is brought down to a level comparable to China's。

Srinivas said:

Cooked up figures do not make China an economic power but a giant economy with many weaknesses !!

The Chinese Economy Is Facing A $6.8 Trillion Nightmare That Could Get Worse | Business Insider India

This the amount that is wasted in building ghost towns. Plus in the mean time they have added more than that amount to the total GDP. Double manipulations.

There is an article which is countering the claims, But the fact remains that lot of money is wasted on constructions and at the same time this amount is considered as GDP.

China econom is facing trouble and will be slow in the coming decade.

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Business Insider India, LOL

Here's the Economist on this exact same story: Wasted investment: China's $6.8-trillion hole? | The Economist

China growing at some 7.5% with inflation running at 1.6-1.8%

India growing at some 5% with inflation at 6.5%。

Enough said。

The value of Indian rupee against the greenback is going down the toilet again