BRICs Share Of World Economy Up Four Times In 10 Years

[Hello_10]

When did Indian Govt officials bad mouth China?



When did India bracket itself with China "in whatever things which could be bracketed, like innovation, science, economy, market." ?



Besides the topic here is about BRIC, not only India and China?

So hilarious that Indo-phobic tendencies get the best of many CCs here, before common sense.

India needs to learn from Chinese model‏

sir, the problem with immature Indians here, if they want to go against fanatic Islam then they find themselves with Western group. and if they want to resist western dominance, then they find themselves moving towards the Islamic Jihadi groups who fight with christian religious Western dominance. while your main ground would be to resist both of that side and put your stand clearly. and on my side, I always keep space for any credible change in society etc also, which may benefit the society as a whole, but first it would prove itself worth/good for the common people, the society......

yesterday i was talking that Indian rulers/diplomats gotto learn from Chinese model. you always have to understand that US/West always trying to give you disadvantage on the different businesses, hiding the facts/truth, and trying to cheat the nation, India. even if IT companies have export orders from west, they pay very high tax and deliver the best projects at a very less cost? India, in fact, suffer Trade Deficit with US+EU. you gotto think to the level that, "no business was ever done to benefit other side and if you down yourself on any issue then it simply means that you want to benefit other side." India just need to stick with the norms of WTO and keep kicking US/West, who want to first give losses to India on different businesses and at the same time they want to involve india in their different wars, which they have mainly organized to solve their 1000s Christian religious issues with Islam. first India won't become an arm of Christianity against Islam and at the same time Indian diplomacy gotto be well prepared to handle those western champions, mainly British and British origins of US/Australia/Canada, who always want some space to give losses to India, on the business side, political side and also doing wrong publicity about India, about indian society as whole.......

if india sell products to US then India buy from them also and in fact India suffer trade deficit from US+EU? and no business was done to benefit other side and if western firms recruit high qualified professionals then they do this after a long process of selection and then they pick only their people of interest, who may develop new techs for them, and inprove the exixsting technologies also. as, why would they bring people from overseas while their own unemployment rate is very high? and in fact, whenever US's president and UK's PM visit India, they mainly beg for jobs in India? and if they want high skilled migration then its in very limited number and to select the best people they may find from India or an indian origin from a foreign institute? India needs to stick with norms of WTO/UN and keep kicking those enemies who just want to destroy your country...........

Indians gotto learn to handle to different sides in different ways. if you talk to a pakistani national then present every aspect in front of him and if you then get to face a US's national then you then have to talk in a different way, considering that side of politics. with always taking care that a western citizen will only serve his nation, whether he/she is an Indian origin or not. an Indian American will only defend his nation and you have to defend your own country you are based in, the India. as, every good and bad of India is concerned with Indian nationals only, regardless what an American Indian say here to defend US/UK/Australia/Canada...............

in short, India needs to learn from Chinese model and get very high growth like China, like how China achieved the highest growth during last 30 years on its geo-political stand, much higher than India.....

David Cameron delivers address at Infosys Bangalore: Full Text
July 28, 2010

The Tata Group is now the largest manufacturing employer in Britain. And more than 180 Indian companies have invested in our IT sector.

Indian companies employ 90,000 people in the UK. Many more jobs in Britain exist thanks to the activities of British companies in India. Now I want to see thousands more jobs created in Britain, and of course in India through trade in the months and years ahead. That is the core purpose of my visit ."

David Cameron delivers address at Infosys Bangalore: Full Text | NDTV.com

 

[Hello_10]

BRICS can transform global governance

NEW DELHI: Ahead of the BRICS summit here, India Monday said the grouping of five major emerging economies was not ranged against anyone but is "a responsible transnational grouping" that can play a critical role in reforming global governance.

"We are not a bloc, not an ideological group ranged against anyone," Sudhir Vyas, secretary (economic affairs) in the external affairs ministry, said at the launch of the two-day conference by academics and experts from BRICS countries comprising Brazil, Russia, India, China and South Africa.

It's in the area of global governance that BRICS can make its presence felt, he said.

Vyas's comments came amid the oft-voiced worries in some influential sections in the West that the BRICS could turn into an adversarial grouping that could challenge the hegemony of the West in leading multilateral institutions.

Underlining the unique nature of BRICS, Vyas stressed that it was not a geographical grouping like the ASEAN, or commodity-based like the Organization of Petroleum Exporting Countries ( OPEC) or security-based like the North Atlantic Treaty Organization ( NATO), but "a new growth pole in a multi-polar world".

"It's a trans-continental grouping with increasing geo-political significance," he said. BRICS can engage with the international community in a serious manner as a responsible partner in the resolution of international crises, he stressed.

More than 50 scholars from the five BRICS countries are taking part in the 4th BRICS Academic Forum meeting being hosted by Observer Research Foundation, a New Delhi-based public policy think tank.

The forum is expected to generate ideas and proposals that will be considered by the leaders of the five countries at the fourth BRICS summit here March 29.

India will host the BRICS summit for the first time since the leaders' meeting was first held in the Russian city of Yekaterinburg in 2009 at the height of the global financial recession. The theme for the New Delhi summit is "BRICS Partnership for Stability, Security and Growth".

The fourth BRICS summit will focus on ways to deal with the festering global economic downturn and make a renewed pitch for reforming the global governance architecture which has been dominated by Western countries since the end of the World War II.

BRICS has evolved into a powerful grouping of the world's leading emerging economies that, according to an estimate, accounts for nearly half the world's population, 30 percent of global landmass, 18 percent of global GDP and 35 percent of global foreign exchange reserves.

The forum is also expected to focus on ways to ramp up greater intra-regional trade and look at ways to improve coordination on international issues in multilateral fora and developmental issues that include food security, energy security, public health, science and technology and urbanisation.

BRICS can transform global governance: India - The Economic Times

 

[kingkobra]

Do not pay heed to chinese members here who claim that they were pro china but attitude of Indian members changed their stance...Chinese arrogance can be seen from how they behave with Vietnamese and russians from whom they have copied all their technologies.

 

[Hello_10]

BRICS to explore setting up development bank

NEW DELHI: The BRICS summit of Brazil, Russia, India, China and South Africa March 29 will explore a slew of new ideas, including a development bank and an investment fund that can spur the development of the emerging and developing countries.

These are among some of the recommendations made by the BRICS academic forum that brainstormed ideas and proposals for the BRICS leaders' meeting that ended in New Delhi Tuesday.

The contours of the development bank are being finalised, and may include proportionate contributions from each of the BRICS member countries to invest in development projects in these countries, said informed sources.

The 4th BRICS Academic Forum said establishing such financial institutions will help take forward the 2011 BRICS Sanya Summit's decision to "strengthen financial cooperation" among their individual development banks.

Around 60 scholars from the five BRICS countries took part in the 4th BRICS Academic Forum meeting, which was organised by the Observer Research Foundation, a New Delhi-based public policy think tank. The theme for the New Delhi summit is "BRICS Partnership for Stability, Security and Growth".

They made 18 recommendations which will be considered by the leaders of the five emerging economies in diverse areas, including global governance, food security, energy security, intra-BRICS trade and enhanced academic exchanges.

The Forum recommended that given the state of the Eurozone and the continued ripples created by the global financial crisis, greater emphasis must be given to creating frameworks for enabling viable and timely responses to both endogenous and exogenous financial shocks within and outside BRICS.

For this, a systematic approach must be articulated to respond to any further economic downturns in the global economy.
The Forum said BRICS nations also must seek to create institutions that enable viable alternatives for enhancing an inclusive socio-economic development agenda within and outside BRICS. Such institutions should set global benchmarks for best practices and standards.

Participants at the conference stressed that BRICS must evolve as a platform for creating contextualised multilateral policies, and by mutual consultation develop viable and credible mechanisms to respond to local, regional and international political and social turbulence such as the churning going on in West Asia and North Africa.

"As home to nearly half of the world's population, BRICS have a responsibility to create pathways for sustainable development. BRICS could learn from policy successes as well as failures of the past from within and outside BRICS, and seek to implement policy solutions for sustainable development," the BRICS Academic Forum said.

BRICS research institutions have also signed a Memorandum of Understanding to step up interactions between think tanks. The next Forum meeting will be held in South Africa in 2013.

Addressing the scholars at the valedictory session, Dinesh Bhatia, joint secretary, the external affairs ministry, said intra-BRICS policymaking efforts and inputs from the academic community are invaluable in creating an inclusive and credible approach to managing common concerns and shared responsibilities.

BRICS to explore setting up development bank - Economic Times

 

[Hello_10]

The Most Expansive Places to Live
15-10-2012

the E7s+South Africa:-

5th Moscow, Russia: $17,566 per sq.m.

10th Mumbai, India: $11,306 per sq.m.

20th Shanghai, China: $6,932 per sq.m.

29th Istanbul, Turkey: $4,569 per sq.m.

33rd, South Africa, Cape Town: $4,272 per sq.m.

41th Brazil, Sao Paolo: $3,836 per sq.m.

73rd Jakarta, Indonesia: $2,099 per sq.m.

74th, Mexico, Mexico City: $2,085 per sq.m.


Other Emerging Asia

47th Dubai $3,393 per sq.m.

54th Bangkok $2,996

68th Kuala Lumpur $2,182 per sq.m.

World's most expensive cities

 

[Hello_10]

,
we have most powerful countries ranking by US+EU governments as below. BRIC are the four in the top 6 most powerful nations here:

“The new global power line-up for 2010 also predicted that New Delhi's clout in the world will further rise by 2025,” as per ‘Global Governance 2025,' jointly issued by the National Intelligence Council (NIC) of the U.S. and the European Union's Institute for Security Studies (EUISS).

The U.S. tops the list of powerful countries/regions in 2010, accounting for nearly 22 per cent of the global power. China is second, along with European Union at 16 per cent and India is placed third at eight per cent. Japan, Russia and Brazil follow India with less than five per cent each.

The Hindu : News : U.S. report says India third most powerful nation

and the most powerful countries by military strength only, are ranked as below:

Global Firepower - 2012 World Military Strength Ranking

 

[retaxis]

Do not pay heed to chinese members here who claim that they were pro china but attitude of Indian members changed their stance...Chinese arrogance can be seen from how they behave with Vietnamese and russians from whom they have copied all their technologies.

Why are you so mad? Its not like Chinese members ask you 'hey learnt some more english in the slums ey u malnourished slumdog?' Why don't you just stfu and stop trolling?

 

[Hello_10]

here, the Natural Economic Order of World is as below, and it can change only when different wars are orgaized, like how Western Nations organized different wars in 19th century and changed this economic ranking. and for Indians, I said many times, "China will always share the top two economic spot with India like till 18th century, or, both will come down together like since 19th century after different Western organized wars." and if CHina may achieve high economic size like in 17th and 19th centuries, then India will simply replace China to second spot like how Indian economy was on the top till 18th century, excluding the 17th century, as below: (now, think, Indians here want China to go up or go down?????????)

Indians here would only expect the China to clear the 'Western Hurdles' and rest, all is alright for India, as, China does do the work

List of regions by past GDP (PPP) - Wikipedia, the free encyclopedia

With $85 trillion, how India can become world's largest economy

According to a study by US banking group Citi, India will be the world's largest economy within 39 years. Indian GDP in 2050, measured by purchasing power parity (PPP), will be $85.97 trillion. China, in second place, will have a GDP of $ 80.02 trillion and the US $ 39.07 trillion (see chart).

With an estimated population in 2050 of 1.63 billion, India will thus have a per capita income of over $53,000 - in the range of today's wealthiest countries like Switzerland and Norway. Sounds too good to be true? Of course it is.

On paper - mathematically - Indian poverty should disappear by 2050. The reason it won't is that huge inequalities in income will persist unless we rapidly implement second-generation economic reforms which deliver real benefits to the bottom of India's socio-economic pyramid.

The first chart in our three-chart collage shows the ranking of the top five countries by GDP in 2050 as per Citi's projections. Indian GDP in 2011 is estimated at $4.45 trillion (PPP). To reach $85.97 trillion in 2050, the Indian economy will have to grow at an average annual rate of 8.1% a year for the next 39 years. Optimistic? Perhaps, but not overly so.

The Citi study relies heavily on India's two dividends - demographic and democratic. The demographic dividend will ensure that India has the largest number of working-age people in the world (over 800 million) between 2015 and 2035 before tapering off as our population reaches a plateau of just over 1.60 billion and starts ageing (as China's already is). Fertility rates of increasingly educated urban and rural Indian women will dip from today's 2.6 to 1.7, which is when a country's birth and death rates equalise.

A large number of working-age Indians between 18 and 60, however, will be less than optimally productive if they remain poorly educated and are therefore unemployable. To gain from our 20-year demographic sweet spot, education reform must clearly top the government's agenda. Infosys mentor N R Narayana Murthy was partly right when he said that the standard of IIT students has fallen. It has. Too many are rote-learners, spewed out by coaching classes, not creative thinkers.

Education reform must start with government-run primary schools. Shockingly, in some villages, primary schools have no teachers, no students and an empty shed that serves as a classroom. The government spends 52,000 crore on education every year. That is less than it spends on fertiliser subsidy alone ( 55,000 crore).

The second dividend Citi banks on to project India's rise to the top of the GDP rankings in 2050 - especially in comparison with China - is democracy. China's autocratic government, the argument goes, can command 10% GDP growth, build superhighways and create gleaming infrastructure.

But beneath the towers and the maglev bullet train tracks of Shanghai lurks social tension. As China's per capita income rises, its 1.34 billion people will increasingly yearn for real freedom: a free press, an open Internet and, most crucially, democracy.

If the Chinese government can't deliver on these, a "Chinese Spring" a decade hence cannot be ruled out. That could plunge China into years of uncertainty. Throughout history, as countries grew richer, they grew freer. Will China prove an exception? Unlikely. By that token, India's democracy is a double-edge scimitar. Our raucous, open society takes us two steps forward economically and then one step backwards.

But if governance reforms - land, electoral, judicial and police - are implemented quickly, the stage could be set for second-generation economic reforms that will turn our democratic institutions into assets for long-term economic and social growth. We will then move from a culture of high subsidies leaked to corrupt middlemen to a culture of high productivity.

Second-generation economic reforms were stuck in UPA-I because of the Left's ideological opposition and have been derailed in UPA-II because of muddle-headed opposition from within the fractious UPA coalition itself. It is time to cast off the fetters.

We must allow FDI in retail, introduce hybrid agricultural technology to double crop yields within a decade, modernise infrastructure, make land acquisition fairer to farmers, improve healthcare, pass enabling legislation to unleash the entrepreneurial energy of small and medium enterprises - the backbone of our economy - and implement tough, effective regulation to clean up business practice.

India is set to become the world's third largest economy in the world in 2011 largely because Japan's GDP will shrink by around 2% to $4.42 trillion following the devastating earthquake and tsunami. But if a growing GDP is not to become a cruel irony for India's 445 million still-desperately poor people, the government must begin the second stage of economic liberalisation without losing any further time.

Examine our second and third charts. The one on top is pyramid-shaped, split into three sections. It reflects India's current household income structure: a large base of the poor and relatively poor of over 860 million, a narrow intermediate section of the middle-class around 280 million and a tiny tip of the reasonably well-off of 70 million.

The chart below it is diamond-shaped and reflects the shape of things to come in 2050 if political and economic reforms have their desired effect. The bottom section comprises around 330 million of the poor and relatively poor (down from 860 million today), the top section comprises the well-off, around 300 million, up from 70 million today and the intermediate bulge comprises the expanded middle-class of nearly one billion, up from 280 million today. That is the future. We must lay its foundation today.

With $85 trillion, how India can become world's largest economy - Economic Times