Decline of the West: China, India to Replace US, EU by 2050-PwC Report

[ashok mourya]

Allow me to make a wild prediction.

As long as China has 1.3-1.5 billion people living at first world standards, India will NEVER become a high income country because there will not be enough raw materials and natural resources left over to do it. China will have consumed all the world's natural resources by then. In fact, China is already doing it.

Steel production is a good example:

List of countries by steel production - Wikipedia, the free encyclopedia

You can't build a modern industrialized country without steel. Steel is the backbone of a modern country. Every bridge, freeway, railway, skyscraper, automobile, and ship contain steel. China is already producing more steel than the next 10 countries combined. Where will India get the iron ore to produce enough steel to match China? Will India industrialize without steel?

Electricity production is another example:

The World Factbook

India will have to multiply her current electricity production by 6 just to match China's 2013 figure. Where will India get this energy from? China has massive coal reserves. Does India have the same? Does India have the transportation infrastructure to transport such a large amount of coal around the country?

Country Iron Ore Reserves Iron Content

1 Australia 35.0 billion metric tons 17.0 billion metric tons

2 Brazil 29.0 billion metric tons 16.0 billion metric tons

3 Russia 25.0 billion metric tons 14.0 billion metric tons

4 China 23.0 billion metric tons 7.2 billion metric tons

5 India 7.0 billion metric tons 4.5 billion metric tons

WHERE IS COAL FOUND?

Electrical consumption Vs production in India and china

Electricity - production 871 billion kWh (FY11/12 est.) 5.398 trillion kWh (2013)
Electricity - consumption 698.8 billion kWh (2010 est.) 5.322 trillion kWh (2013)

India is way ahead of china in demand and supply of electricity.

India's transport Infrastructure is way ahead of china comparing size of both the nations.

Railways 63,974 km / 86,000 KM
Roadway 4,689,842 km/ 4,106,387 km
Airports 346/ 507
Heliport 45 / 47
Pipelines refined products 11,069 km / refined products 15,298 km

India
arable land: 47.87%
permanent crops: 1.53%
other: 86.84% (2011)
Irrigable land; 663,340 sq km
Freshwater withdrawal (domestic/industrial/agricultural)
total: 761 cu km/yr (7%/2%/90%)
per capita : 613 cu m/yr (2010)

China
arable land: 11.62%
permanent crops: 3.74%
other: 48.39% (2011)
Irrigable land;629,380 sq km
Freshwater withdrawal (domestic/industrial/agricultural)
total: 554.1 cu km/yr (12%/23%/65%)
per capita: 409.9 cu m/yr (2005)

 

[Galad]

It is simple reality.West is declining(cannot be reversed anymore) -global East is getting bigger and bigger with each passing year.Only western clueless politicians and brainwashed population(can see them here at forum too) are incapable to see it.

 

[IND151]

It is simple reality.West is declining(cannot be reversed anymore) -global East is getting bigger and bigger with each passing year.Only western clueless politicians and brainwashed population(can see them here at forum too) are incapable to see it.

Yes, it is.....................

 

[bolo]

Country Iron Ore Reserves Iron Content

1 Australia 35.0 billion metric tons 17.0 billion metric tons

2 Brazil 29.0 billion metric tons 16.0 billion metric tons

3 Russia 25.0 billion metric tons 14.0 billion metric tons

4 China 23.0 billion metric tons 7.2 billion metric tons

5 India 7.0 billion metric tons 4.5 billion metric tons

WHERE IS COAL FOUND?

Electrical consumption Vs production in India and china

Electricity - production 871 billion kWh (FY11/12 est.) 5.398 trillion kWh (2013)
Electricity - consumption 698.8 billion kWh (2010 est.) 5.322 trillion kWh (2013)

India is way ahead of china in demand and supply of electricity.

India's transport Infrastructure is way ahead of china comparing size of both the nations.

Railways 63,974 km / 86,000 KM
Roadway 4,689,842 km/ 4,106,387 km
Airports 346/ 507
Heliport 45 / 47
Pipelines refined products 11,069 km / refined products 15,298 km

India
arable land: 47.87%
permanent crops: 1.53%
other: 86.84% (2011)
Irrigable land; 663,340 sq km
Freshwater withdrawal (domestic/industrial/agricultural)
total: 761 cu km/yr (7%/2%/90%)
per capita : 613 cu m/yr (2010)

China
arable land: 11.62%
permanent crops: 3.74%
other: 48.39% (2011)
Irrigable land;629,380 sq km
Freshwater withdrawal (domestic/industrial/agricultural)
total: 554.1 cu km/yr (12%/23%/65%)
per capita: 409.9 cu m/yr (2005)

Plus india has Agni 5, the most deadly weapon of India military.
China cannot counter this. India us superpower.

 

[ashok mourya]

Plus india has Agni 5, the most deadly weapon of India military.
China cannot counter this. India us superpower.

Plus india has Agni 5, the most deadly weapon of India military.
China cannot counter this. India us superpower.

We are not here to defame any one because of our spiritual,military and economic power.You may be no. 2 but you cannot underestimate the no.3/4.We never wanted to be hegemonic super power like UK,USSR or USA but that much powerful who can give most of facilities what a developed nation at most can give to its citizen and a military power with minimum nuclear deterrence and second strike capability so that no body dare to attack us.

 

[Lux de Veritas]

Don't ever do business with an Indian. From the business I've done with Indians, I can tell you Indians are the most corrupt, lying, manipulative and by far the laziest people I have ever come across. Indians and Africans are the same type of people.

They will do everything to screw you and will break every rule to make sure they screw you.

I don't trust a single thing coming out of that country, not a damn thing.

If you have dealt with Indians, you will realise this first hand and you will see why Indian society is so backward and will never ever surpass China or the US.

In India, the more corrupt you are, the higher up in society you go. They reward corruption.

And then there is the world famous Indian bureaucracy. The less said about that, the better.

These guys are tough customers. Actually Indians are going after one another in their own tribe as well, it is not just Chinese that got shit.

If they are your customer, good luck, the kind of funny and unreasonable questions they asked can make you vomit blood.

USA know India wont be strong, so she support India.

 

[Edison Chen]

Don't ever do business with an Indian. From the business I've done with Indians, I can tell you Indians are the most corrupt, lying, manipulative and by far the laziest people I have ever come across. Indians and Africans are the same type of people.

They will do everything to screw you and will break every rule to make sure they screw you.

I don't trust a single thing coming out of that country, not a damn thing.

If you have dealt with Indians, you will realise this first hand and you will see why Indian society is so backward and will never ever surpass China or the US.

In India, the more corrupt you are, the higher up in society you go. They reward corruption.

And then there is the world famous Indian bureaucracy. The less said about that, the better.

I have no substantial business connections with them but I can understand your feeling, since they don't bureaucratically support a business friendly environment.

 

[Lux de Veritas]

I have no substantial business connections with them but I can understand your feeling, since they don't bureaucratically support a business friendly environment.

Don't ever do business with an Indian. From the business I've done with Indians, I can tell you Indians are the most corrupt, lying, manipulative and by far the laziest people I have ever come across. Indians and Africans are the same type of people.

They will do everything to screw you and will break every rule to make sure they screw you.

I don't trust a single thing coming out of that country, not a damn thing.

If you have dealt with Indians, you will realise this first hand and you will see why Indian society is so backward and will never ever surpass China or the US.

In India, the more corrupt you are, the higher up in society you go. They reward corruption.

And then there is the world famous Indian bureaucracy. The less said about that, the better.

PRC despite being a shrewd and cunning people can be trusted to get things done most of the time. PRC business partner is a torn between politics and optimizing efficiency.

You still can close deal with PRC and after some time, it is still possible to have some genuine friendship.

Indian is a different animal altogether. These are people that I would rather not work with. Indians are people who can sacrifice anything, any efficiency to make sure they are in charge and to make sure no one threaten their position.

The Indians managers hiring and promotions are extremely irrational and a lot of their undelings are pure incompetent.

Indians customers are devil. They have poison tongue and they think they themselves are king. Even after getting job done, Indian customers can pick on very minor things and make a big fuss. On the other hand, if you are customer of Indian, especially software, be assure they deliver stuff full of bug.

It is better to runaway from India market and any Indian companies altogether.

I am very pessimistic about India and any company taken over by Indians.

India is good because white man help them and white man propaganda machine praise them.

You always hear Beijing is polluted but you never hear Delhi, Varanasi..etc are the most air toxic city in the world by any standards.

 

[Luca1]

Indian government is smart, they manipulate the key economic figure by changing the indicator, for example, all the world use CPI to measure the level of the rise of price of the commodity, Indians use WPI (Wholesale Price Index) instead. Because the weight factor of food accounts only for 15.4%, but if it were CPI, this weight is 47%~57%, the CPI will far surpass 20%. The Indian government also set the base period of WPI in 1993-1994 when the real CPI is very high, so the real CPI is far more than their official number.

So this is to under report inflation. Which in turn will increase GDP growth rate regularly. I wonder what is India's real GDP if it's calculate like everyone else.

 

[Lux de Veritas]

So this is to under report inflation. Which in turn will increase GDP growth rate regularly. I wonder what is India's real GDP if it's calculate like everyone else.

I think the best way to gauge an economy is electricity and steel production. GDP data is subjected to too much masturbation.

 

[Luca1]

I think the best way to gauge an economy is electricity and steel production. GDP data is subjected to too much masturbation.

It should be more than thiese two figures. But you are on the right track.

 

[Chanakya's_Chant]

Indian government is smart, they manipulate the key economic figure by changing the indicator, for example, all the world use CPI to measure the level of the rise of price of the commodity, Indians use WPI (Wholesale Price Index) instead. Because the weight factor of food accounts only for 15.4%, but if it were CPI, this weight is 47%~57%, the CPI will far surpass 20%. The Indian government also set the base period of WPI in 1993-1994 when the real CPI is very high, so the real CPI is far more than their official number.

The reasons for using WPI are as follows>>

(1) Data on Wholesale Price Index (WPI) is available every week, while data on Consumer Price Index (CPI) is only available every month, so there is a time lag in CPI data availability compared to WPI data availability, which can impact decision making both for RBI and the Government of India.

(2) In India, we do not have one CPI calculated per se. Earlier, there were 4 CPIs calculated for 4 different sets of workers, and now we have three such CPIs, out of which the most famous is CPI for Industrial Workers (CPI-IW). The others used currently are CPI for agricultural laborers and CPI for rural laborers.

The argument used therefore is that there is no one CPI value which can be used for decision making by either RBI or the Government of India.

(3) According to our policy makers/decision makers at RBI and elsewhere, or so it seems, WPI has a broader coverage compared to all the CPIs, in terms of the commodities covered, quotations, larger number of non-agricultural products and tradeable items, which are missing in the CPIs.

Also, interest rates which the RBI controls may not have much of a correlation with high food prices and therefore decision makers may feel that since they can't target inflation across major sections constituting the CPI, they would rather focus on WPI constituted of goods on whose demand interest rates may have a more significant impact.

(4) WPI is calculated on an all India basis, while CPI is calculated for specific centres in India and then this is aggregated to an all India index.

Allow me to make a wild prediction.

As long as China has 1.3-1.5 billion people living at first world standards, India will NEVER become a high income country because there will not be enough raw materials and natural resources left over to do it. China will have consumed all the world's natural resources by then. In fact, China is already doing it.

Steel production is a good example:

List of countries by steel production - Wikipedia, the free encyclopedia

You can't build a modern industrialized country without steel. Steel is the backbone of a modern country. Every bridge, freeway, railway, skyscraper, automobile, and ship contain steel. China is already producing more steel than the next 10 countries combined. Where will India get the iron ore to produce enough steel to match China? Will India industrialize without steel?

Electricity production is another example:

The World Factbook

India will have to multiply her current electricity production by 6 just to match China's 2013 figure. Where will India get this energy from? China has massive coal reserves. Does India have the same? Does India have the transportation infrastructure to transport such a large amount of coal around the country?

(01) With a total production of 83.20 million tonnes (MT), India remained the world's fourth-largest steel producing nation for the fifth year in a row in 2014 as well, according to data compiled by WSA.

India retains fourth position in world steel order - Economic Times

(02) India is expected to become the world's second largest producer of crude steel in 2015-16, moving up from the fourth position, as its capacity is projected to increase from 100 million tonne (MT) to about 112.5 MT in 2015-16.

India on its way to be the second largest producer of steel in 2015-16: Study - Economic Times

(03) India becomes World's Third Largest Electricity Producer in 2013 doubling its generation capacity to 2.50 lakh MW in 10 Years.

​

India becomes World's Third Largest Electricity Producer overtaking Japan

 

[Luca1]

The reasons for using WPI as follows>>

(1) Data on Wholesale Price Index (WPI) is available every week, while data on Consumer Price Index (CPI) is only available every month, so there is a time lag in CPI data availability compared to WPI data availability, which can impact decision making both for RBI and the Government of India, as the previous answer states.

(2) In India, we do not have one CPI calculated per se. Earlier, there were 4 CPIs calculated for 4 different sets of workers, and now we have three such CPIs, out of which the most famous is CPI for Industrial Workers (CPI-IW). The others used currently are CPI for agricultural laborers and CPI for rural laborers.

The argument used therefore is that there is no one CPI value which can be used for decision making by either RBI or the Government of India.

(3) According to our policy makers/decision makers at RBI and elsewhere, or so it seems, WPI has a broader coverage compared to all the CPIs, in terms of the commodities covered, quotations, larger number of non-agricultural products and tradeable items, which are missing in the CPIs.

Also, interest rates which the RBI controls may not have much of a correlation with high food prices and therefore decision makers may feel that since they can't target inflation across major sections constituting the CPI, they would rather focus on WPI constituted of goods on whose demand interest rates may have a more significant impact.

(4) WPI is calculated on an all India basis, while CPI is calculated for specific centres in India and then this is aggregated to an all India index.



(01) With a total production of 83.20 million tonnes (MT), India remained the world's fourth-largest steel producing nation for the fifth year in a row in 2014 as well, according to data compiled by WSA.

India retains fourth position in world steel order - Economic Times

(02) India is expected to become the world's second largest producer of crude steel in 2015-16, moving up from the fourth position, as its capacity is projected to increase from 100 million tonne (MT) to about 112.5 MT in 2015-16.

India on its way to be the second largest producer of steel in 2015-16: Study - Economic Times

(03) India becomes World's Third Largest Electricity Producer in 2013 doubling its generation capacity to 2.50 lakh MW in 10 Years.

​

India becomes World's Third Largest Electricity Producer overtaking Japan

Thanks for showing growth ion India. This are not fudged numbers. You have more integrity than your PM.

 

[Lord ZeN]

Misleading Article.
It's the European countries who is on decline. The United states is surly gonna remain the most powerful/ influential nation throughout the 21st century. And India is nowhere in the race.

 

[boomslang]

I just saw your reply on that "Chinese imam dance" thread.

Nahhh. That's the way I think sober.