India is the Last BRIC standing

American_Millenium said:

Business Insider India, LOL

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

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Chinese-Dragon said:

He's right though.

India has the smallest economy in the four BRIC countries.

And India's nominal GDP has actually been falling these past few years. (Granted, much of that was due to the collapse of the Rupee.)

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Srinivas said:

I have mentioned the counter article you have posted here. The estimates are from officials not from the media and there are many news papers which posted this estimates.

I believe even if the wastage is 6.8 Trillion , the GDP is all cooked up and most of the investment went into CCP official pockets and ghost towns.

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cirr said:

A currency that's touching 9 months lows against the US dollar must be the sole reason that makes India the last standing BRIC。

62 rupees to the dollar sounds great for the last still standing。

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Agent Smith said:

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

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cirr said:

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

Enough said。

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Chinese-Dragon said:

He's right though.

India has the smallest economy in the four BRIC countries.

And India's nominal GDP has actually been falling these past few years. (Granted, much of that was due to the collapse of the Rupee.)

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cirr said:

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。

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he-man said:

Good for exports,,,ccp artifically keeps the currency low

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Chinese-Dragon said:

Yeah, imagine our growth rate fell to 5.3% of our $10.4 trillion economy. That would be terrible, but we would still be adding a whole India to our economy every few years.

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Swachh_Bharat said:

Enough said。

China cut interest rates since they started worrying that deflation is looming close by.

Chinese balloon just got a hole ... and iron-ore companies are racing to sell their iron-ore before China deflates to Somalia. Race against time for iron-ore companies.

Enough said。Amen。

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Brahma Bull said:

In India with 1 dollar in your pocket,you can fill your stomach easily for a day.

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