BRICS could overtake G-7 as the biggest economic block

[Audio]

We will move up

Ya, i know. But linearity as described in these articles never happens in reality.

People from west live in their world. For them, the world starts and ends with them. You cannot help.

lol......when i point out real trends as opposed to predictions from 2010 as you've linked i live in my own world indeed. Real world.

 

[ito]

Don't hold your breath.

There is nothing to hold the breath...Developing world will raise. It is given. This is how economies evolve. A developed economy will have less potential to grow as compared to developing economy.

Ya, i know. But linearity as described in these articles never happens in reality.



lol......when i point out real trends as opposed to predictions from 2010 as you've linked i live in my own world indeed. Real world.

That are not my predictions..they are predicted by the west's World Bank, and IMF.

 

[Audio]

That are not my predictions..they are predicted by the west's World Bank, and IMF.

You linked this

Top 10 largest economies in 2020 - Analyst Insight from Euromonitor International

from 2010.

The Bloomberg 2015 link doesn't make any predictions, just states facts up to now.

There is nothing to hold the breath...Developing world will raise. It is given. This is how economies evolve. A developed economy will have less potential to grow as compared to developing economy.

lol, no shit? What kept you down so far?

 

[ito]

You linked this

Top 10 largest economies in 2020 - Analyst Insight from Euromonitor International

from 2010.



lol, no shit? What kept you down so far?

Learn to read the link before typing like a bot. The data is from IMF

Anyway...as I said I will tag you once BRICS cross G 7. Till then peace.

 

[500]

The GDP of the BRICS countries may surpass that of the G7 within two or three years, as it has already hit $32.5 trillion and rising, claims State Duma Foreign Relations chief Aleksey Pushkov.

When you make international calculations u should use nominal $ not PPP.

BRICS nominal GDP is 16.9 trln $
G-7 nominal GDP is 33.9 trln $

So its wont surpass not in 3 not even in 30 years.

 

[Audio]

Learn to read the link before typing like a bot. The data is from IMF

Anyway...as I said I will tag you once BRICS cross G 7. Till then peace.

Ah.....2010 data, PPP for a start. Although i see someone already mentioned the PPP, was saving that for last reply. Just wanted to keep letting you feel good for a while longer.

 

[ito]

When you make international calculations u should use nominal $ not PPP.

BRICS nominal GDP is 16.9 trln $
G-7 nominal GDP is 33.9 trln $

The point is not whether the GDP is nominal or PPP. The point is in next two decade BRICS will emerge as the biggest economic block over taking G 7.

 

[Mr.Nair]

You linked this

Top 10 largest economies in 2020 - Analyst Insight from Euromonitor International

from 2010.

The Bloomberg 2015 link doesn't make any predictions, just states facts up to now.



lol, no shit? What kept you down so far?

At least 3 countries are in top 10 economies in BRICS

According to PWC estimation in GDP PPP

 

[Audio]

At least 3 countries are in top 10 economies in BRICS

That's not the subject here and i have no problems with that. Wild predictions are. Specially for 30 years on. And how these predictions are being spun by Russian MP for obvious reasons and picked up by ito who then refurbishes them with floskules like "future is BRICS".

I would also say that i might invest something little in India, as there is no doubt there's room for growth.

 

[Mr.Nair]

That's not the subject here and i have no problems with that. Wild predictions are. Specially for 30 years on.

I would also say that i might invest something little in India, as there is no doubt there's room for growth.

Around 10 years before i found all major economic decisions are taken by this G7 nations and big media coverage, now for the past few years, hardly you can see G7 meetings for that purpose neither world bothered much like before.Why !

 

[500]

The point is not whether the GDP is nominal or PPP. The point is in next two decade BRICS will emerge as the biggest economic block over taking G 7.

As I said PPP is irrelevant internationally.

 

[Audio]

Around 10 years before i found all major economic decisions are taken by this G7 nations and big media coverage, now for the past few years, hardly you can see G7 meetings for that purpose neither world bothered much like before.Why !

What major economic decisions are you talking about that are being undertaken by BRICS?
That Silk Road thingy or in other words, a vehicle to save the Chinese infra industry? Or AIIB bank which has less capital as we've given to Greece in the past few years?

 

[Mr.Nair]

Can any one compare G7 italy and canada with non G7 member like China, absolutely not.Yes per capita income they are leading but almost all indicators they are almost negligible to china's might in current world.

 

[Audio]

Can any one compare G7 italy and canada with non G7 member like China, absolutely not.Yes per capita income they are leading but almost all indicators they are almost negligible to china's might in current world.

Hypocritical comparisons.
First ito comes up with PPP as measure of international weight as opposed to nominal (because PP suits Russians and ito better) and now, you're comparing small members with heavyweights. Go compare EU (member of G7) to China, or BRICS in whole. Or US....or Germany to India, or Italy to India. These are fairer comparisons.

 

[Mr.Nair]

What major economic decisions are you talking about that are being undertaken by BRICS?
That Silk Road thingy or in other words, a vehicle to save the Chinese infra industry? Or AIIB bank which has less capital as we've given to Greece in the past few years?

BRICS is an emerging power and i am not telling BRICS bank overtakes WB,IMF blah blah.Just i can show case internatonal ranking by countries which shows what importance for some G7 countries are in world stage compared to some brics countries !

List of top international rankings by country - Wikipedia, the free encyclopedia