• Thursday, November 21, 2019

India once again becomes 10th largest economy in the World

Discussion in 'Central & South Asia' started by IND151, Oct 22, 2012.

  1. IND151

    IND151 BANNED

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    According to list by International Monetary Fund, India once again has become 10th largest economy in the world.

    At current prices our GDP is 1.9 Trillion $ plus

    http://www.google.co.in/url?sa=t&rc...pYDYCw&usg=AFQjCNEPyq0YRxAa2TSvuRDdWRLUIAUieg





    Report for Selected Countries and Subjects

    http://www.imf.org/external/pubs/ft...,582,917,474,544,754,941,698&s=NGDPD&grp=0&a=
     
  2. joekrish

    joekrish SENIOR MEMBER

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    We have a long way to go and a lot of things to do to climb up that ladder.
     
  3. veekysingh

    veekysingh FULL MEMBER

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    We were at 9 before. I am feeling sad.
     
  4. IND151

    IND151 BANNED

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    ^^ Very true

    But we have regained our position, which is good

    Another good news is we are close to the mark of 2 Trillion Dollars

    according to 2010 figures by IMF (updated) we dropped down to 11th spot

    now we are back on number 10 spot
     
  5. Shimly

    Shimly FULL MEMBER

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    Congratulation to India, no doubt you deserve it, I hope you will keep going up
     
  6. IND151

    IND151 BANNED

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    ^^ thank you
     
  7. Abhishek_

    Abhishek_ BANNED

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    long way to go, many miles to cover.
     
  8. IND151

    IND151 BANNED

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    ^^ Indeed

    But we, now, are very close to 2 Trillion $ Mark
     
  9. xuxu1457

    xuxu1457 SENIOR MEMBER

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    I thought India GDp is bigger than Brazil and Russia
    Brazil really astonished me, Brazil GDP is 1trillion$ in 2006, now 2.5trillion$, but economic of Brazil is not healthy, working for international capital
     
  10. third eye

    third eye ELITE MEMBER

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    The numerical point India achieves is of little consequence.

    We need to look inwards and stop institutionalized corruption and hope that we have more Khemkas than corrupt Politicians.

    Only then can we prosper.
     
  11. ahfatzia

    ahfatzia SENIOR MEMBER

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    I think India will catch and pass Italy sometime next year but to out-GDP the resource rich Russia might need some hard work.
     
  12. shuttler

    shuttler ELITE MEMBER

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    why Brazil is not healthy and india is?
     
  13. joekrish

    joekrish SENIOR MEMBER

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    As of now that looks like a far fetched dream. The son of a guns will never give in.
     
  14. xuxu1457

    xuxu1457 SENIOR MEMBER

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    international capital and Brazil, Brazil is a profit machine of international capital,Blowing up,pierce, Blowing up again,pierce again
     
  15. Wickerman

    Wickerman FULL MEMBER

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    I dont think its difficult to pass Italy, France, UK, Russia and Brazil. The challenge will be to pass Germany and then Japan. These two countries have a tremendous industrial base and it would need some real hard work to get up there ahead of them. All these European countries have lagging economies, so they will eventually lose out. Only Germany is strong in EU. As for Russia, we are not that far, if you see those figures. I think next year we'd be able to pass Russia. The difference is not that much. Its only 24000 dollars. And their GDP growth only 4.3%. If India can clock something around 6% for a couple years, we can overtake them.

    BTW am curious. According to the UN, the list is like this:

    1 United States 14,447,100
    2 China 5,739,358
    3 Japan 5,458,873
    4 Germany 3,280,334
    5 France 2,559,850
    6 United Kingdom 2,253,552
    7 Brazil 2,088,966
    8 Italy 2,051,290
    9 India 1,722,328
    10 Canada 1,577,040
    11 Russia 1,479,823

    Any idea how these guys calculate? India is 9th and Russia drops down to 11th?!