• Saturday, October 19, 2019

India and China - A GDP Comparison

Discussion in 'World Affairs' started by Nanga Tarzan, Oct 14, 2016.

  1. dy1022

    dy1022 FULL MEMBER

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  2. GS Zhou

    GS Zhou FULL MEMBER

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    PPP is more like a "number game" to entertain the low-wage country. The magic of PPP only works in very simple business, e.g. hire a maid to clean the house for you, or hair-cutting. However, when coming to industrial area, PPP actually means nothing.

    Do you think the PPP magic works when you buy the crude oil from Saudi, or iron ore from Brazil, or construction equipment from Caterpillar, cars from Toyota, telecom equipment from Huawei, smartphones from Xiaomi, fighters from Dassaualt, planes from Boeing, or trains from Hitachi?
     
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  3. AndrewJin

    AndrewJin ELITE MEMBER

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    They always do that.
    No arguments and data to support their claims.
    Just randomly type some BS to make themselves feel good.
     
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  4. Nilgiri

    Nilgiri ELITE MEMBER

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    Yah grab a few selective things in response to a macroeconomic statement I made.

    Are all grams of vegetable and fruit the same quality of grams?

    Is dahl even counted as a vegetable?

    These are the kind of questions that seek to be measured by overal GDP on PPP basis since it looks at local basket consumption intakes of goods and services and their price levels....which are not easily quantifiable many times nominally given highly variable consumption patterns across the world.

    Your retail e-commerce sales (and I have told you this before) are also very wrong for India currently. This was obviously a projection done quite some years back that you keep spouting. Do you have it saved somewhere as your go-to figure to trumpet as fact? Well its pretty wrong.
     
  5. AndrewJin

    AndrewJin ELITE MEMBER

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    PPP is only reliable on NON-tradable goods and service, like your examples.
    In global trade, Tradable good and service are emphasised, such as airplanes, electronics, machinery, oil and gas, etc.

    Show us the newest number E-commerce pls and agricultural products pls.
    Again, better to support your arguments with facts and data.
    Otherwise, it is another typical feel-good climax via hollow words and sentences.
     
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  6. Nilgiri

    Nilgiri ELITE MEMBER

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    Yes greater international trade exposure is what ultimately pushes greater realisation of PPP into nominal.

    That is the fundamental difference between India and China in these two metrics.

    You are talking to someone that wrote a thesis paper on the ICP methodology.

    Actually it means a lot in all realms of economics. All physical consumption does. The differential is just not so great given industrial goods tend to make up a greater portion of international trade in general compared to other consumables.

    PPP seeks to measure the on the ground physical consumption of goods and services inside a country. There is no question of it meaning "something" or "nothing". It is an estimate just like nominal....and has a stronger utility for cross country comparisons....given its consumption of goods and services that matter, not what a currency may or maynnot be undervalued/overvalued by.

    You going to tell me that consumption in Russia suddenly tanked by 5 times in the space of a few months when their currency crashed w.r.t USD?

    Its not a question of "reliability".

    The price multiplier just comes down significantly when its globally traded given there will be something closer to a global price level for such goods.
     
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  7. AndrewJin

    AndrewJin ELITE MEMBER

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    Data and evidence pls.
    Pls don't type too much hollow paragraphs.

    Regards.
     
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  8. Nilgiri

    Nilgiri ELITE MEMBER

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    http://www.medianama.com/2016/06/223-iamai-ecommerce-study/

    211,000 crore by this year end is to be about 32 billion USD, up from about 19 billion USD the previous year (2015).

    It is in a state of large early growth so such projections are changing a lot:

    http://www.economist.com/news/brief...ople-come-online-any-other-country-e-commerce

    It will need about 5 years or so to mature (like say China already has) before we can make some decent trends and future estimates.

    http://economictimes.indiatimes.com...years-morgan-stanley/articleshow/51031652.cms

    What you mean data and evidence? Read up the ICP program, there is your data and evidence.

    You want me to spoon feed you every little bit of what PPP is?
     
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  9. grey boy 2

    grey boy 2 SENIOR MEMBER

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    Bro, i'm afraid you're asking for too much from our dear Indian friends
    Indians are extremely good with their mouth only, thats why they're the biggest exporter of "TALKS" in the world for a reason= "thanks to their cheap call centers":sarcastic:
     
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  10. Nilgiri

    Nilgiri ELITE MEMBER

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  11. Ram Mahadev

    Ram Mahadev FULL MEMBER

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    http://www.economist.com/news/leade...-real-trouble-will-hit-china-coming-debt-bust... MUST READ ARTÄ°CLE...


    Their global lending has put even more burden. On China... As they say Chinese can fake anything from states to toys. For me China is a bubble to burst. May be that's why war will be the final resort to justify their steroid growth
     
  12. dy1022

    dy1022 FULL MEMBER

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  13. Nilgiri

    Nilgiri ELITE MEMBER

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    @ahojunk

    Check out the spam by this guy again.
     
  14. Gibbs

    Gibbs SENIOR MEMBER

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    They have been saying that since the 90's, Unfortunately for the West more specifically the US that bubble seems to be made of titanium
     
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  15. dy1022

    dy1022 FULL MEMBER

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    Last edited: Oct 15, 2016
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