China and India to rank as the world's most influential economies: poll

[JayAtl]

In the US we call it consumer confidence indicator and " right track/ wrong track ( country headed) indicator- and they are good indicators of the economy and the political party in power. I found this very interesting... more a consumer is confident the more they spend , which is critically important for an economy. savings too much of it- actually hurts growth



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China and India to rank as the world's most influential economies poll - Channel NewsAsia

SINGAPORE : Most people in the world believe that China will be the world's most influential economy in ten years, except for a majority of Indians.

The first Harris Poll conducted in Asia showed that in fact 80 percent of Indians believe that the top position will be claimed by their own country.

In contrast almost half of the respondents, or 49 per cent in the US, 85 per cent in China, 87 per cent in Hong Kong and 75 per cent in Singapore believed China will take the top spot.

India ranks openness of trade as being less important to the success of the economy than China does.

About 16 percent of respondents from India saw this as being important compared to 39 percent of those from the mainland.

The survey, conducted by market research firm Harris Interactive, aims to detail the economic views of more than 4,000 respondents across the six countries.

Asha Choksi, Senior Vice President, Harris Interactive Asia, said: "But in India they were focused on things like their infrastructure and their feeling was that if things moved in the right direction their economy could be one of the largest as well."

Respondents in China showed the most optimistic outlook of their economy.

Ninety percent of Chinese believed that their economy will grow over 25 years compared with 66 percent of Indians who said the same about India, and 54 percent of Americans about the US.

Alvin Liew, Economist, Standard Chartered Bank, said: "Going forward, I think this optimism is likely to persist. In this decade itself, China will still be in there together with India and some of the selected countries such as Vietnam and possibly also Indonesia."

Singapore respondents also showed a healthy sense of optimism - 46 percent saw the Republic as the next big player in the global economy.

This was a higher figure compared to Hong Kong at 40 percent.

Mr Liew said: "I think if you look at Singapore's growth, the 14.5 percent growth certainly that is a big confidence booster for the economy, the citizens and for the government going forward".

Respondents from India, Hong Kong, China and US also viewed Singapore as having more prospective growth compared to other countries in the Southeast Asia region.

 

[Developereo]

Misleading title.

The only people who think India will be the most influential economy are Indians. None of the other countries' respondents put India anywhere near the top.

Harris Interactive: Harris Polls > First Asia Harris Poll Released Comparing Attitudes in China, Hong Kong, India, Singapore and the United States

"Which one of the following economies do you think will be most influential in 10 years?"
% of polled people in each country who picked India: US 2%, China 1%, Hong Kong 1%, India 80%, Singapore 6%

 

[CardSharp]

These polls mean very little. Their laymen opinions and the layman really doesn't know much about the economy.

 

[GodlessBastard]

Ghost leader, we have two trollies inbound, engaging.

Roger that, Fox 3.

 

[The HBS Guy]

These polls mean very little. Their laymen opinions and the layman really doesn't know much about the economy.

Exactly, 10 years ago, how many would have thought that China would be where it today is or India would be where it today is.

These are expectations of laymen and not forecasts of some economists or something.

 

[GUNS-N- ROSES]

personally speaking i dont think india will be most influential economy in next 10 yrs. it will be certainly in top 5 influential economies but not topmost.

 

[CardSharp]

Exactly, 10 years ago, how many would have thought that China would be where it today is or India would be where it today is.

These are expectations of laymen and not forecasts of some economists or something.

Generally speaking they might, might give some indication of FDI flow but other than that, they're kind of useless.

 

[The HBS Guy]

Generally speaking they might, might give some indication of FDI flow but other than that, they're kind of useless.

Not even that. An FDI analyst knows his way. FDI analysts are no laymen who base their decisions on opinions.

An investment analyst has to make sound investment decisions based on real, conrete, audited data.

What you're talking about is 'Goodwill' and that is a very small factor in the whole gamut of other factors influencing investment decisions.

 

[GUNS-N- ROSES]

i personally dont beleive in these so called polls and forecasts. if u give too much importance to them then it will be a heart break for u.

india has already made its mark in services and software field. if india is to be counted as a major power it has to achieve high degree of excellence in high technology industrial segment be it locomotives, industrial turbines etc etc.

nations do not become super power on imported technologies.

 

[JayAtl]

The confidence of ones citizenry in its countries direction and future has been proved to be an important economic indicator toward consumer spending. It is related to how they save or spend. The more they save ,as they tend to do in some countries, is not helpful for that countries ecnomony .

 

[cross1993]

Pointless poll.

 

[JayAtl]

personally speaking i dont think india will be most influential economy in next 10 yrs. it will be certainly in top 5 influential economies but not topmost.

and why is that? this at worst shows india being a close 3rd and at best we have india showed as being no 1 in a few decades. ... there is a lot of political play by international countries that are going to influence growth in favor of India. fact is - this is a moving target. where did the downgrade of " it will be certainly in top 5 influential economies but not topmost." analysis come from?

 

[JayAtl]

i personally dont beleive in these so called polls and forecasts. if u give too much importance to them then it will be a heart break for u.

india has already made its mark in services and software field. if india is to be counted as a major power it has to achieve high degree of excellence in high technology industrial segment be it locomotives, industrial turbines etc etc.

nations do not become super power on imported technologies.

I agree about the superpower bit. the US will continue to be the only superpower for decades and decades.

 

[Chinese-Dragon]

I agree about the superpower bit. the US will continue to be the only superpower for decades and decades.

This is the first time I will agree with you.

Ideally, I hope that China never becomes a "superpower". China should take care of China, and not worry about sending troops halfway across the world for whatever reason.

 

[JayAtl]

This is the first time I will agree with you.

Ideally, I hope that China never becomes a "superpower". China should take care of China, and not worry about sending troops halfway across the world for whatever reason.

In a global economy the super power status helps in many deals...and not just wars. Look at what is happening in Libya- gaddafi was/is pro china... and all that oil. hmmm