Every 2 years China adds a Russia

[IND151]

Russia GDP (Nominal) is still bigger than India's, so the title of this article would be also true if replaced Russia with India.

But only marginally and given Russia's low growth rates, India in just few months will surpass it.

BTW India is now 2 trillion dollar economy.

RankCountry2014 GDP (Nominal)
(Billions of US$)% of Global GDP (Nominal)
- European Union$18,39923.7%
1

United States$17,41622.4%
2

China$10,35513.3%
3

Japan$4,7686.1%
4

Germany$3,8204.9%
5

France$2,9023.7%
6

United Kingdom$2,8483.7%
7

Brazil$2,2442.9%
8

Italy$2,1292.7%
9

Russia$2,0572.7%
10

India$2,0482.6%

The IMF also predicted for the end of the year 2014 released in the October 2014 edition of the World Economic Outlook Databases (WEO). Since the list is preliminary as 2014 is not finished, only countries with GDP over 2 trillion dollars are listed.

List of countries by GDP (nominal) - Wikipedia, the free encyclopedia

 

[birju]

Russia's strengths that are not accounted for in their nominal GDP exist only because of their past nominal GDP. Throughout the 70's and 80's Russia's GDP reached over half the US, and at one point reached 65% of the United States.

RUSSIA'S LARGE AMOUNT OF MILITARY EQUIPMENT AND LARGE AMOUNT OF EQUIPMENT AND KNOWLEDGE IN MANY INDUSTRIES IS NOT IRRESPECTIVE OF THEIR GDP, BUT RATHER BECAUSE OF THEIR GDP IN PAST DECADES. IMAGINE IF CHINA HAD A GDP AT IT'S LEVEL TODAY FOR ANOTHER 20 YEARS. THAT'S WHAT IT'S PREDECESSOR THE SOVIET UNION HAD. IT'S NO SURPRISE THAT THEY STILL RETAIN MUCH OF THE EQUIPMENT, KNOW-HOW, AND SKILL-SETS FROM SUCH A LARGE ECONOMIC POWER.



These have to do with the luck of being born on such land, and having the past economic might to extract such resources. Not some metric that we can only guess at.

Besides, it's not a positive that Russia's natural resources represent such a large amount of their total GDP. It's one of the highest in the world.

View attachment 138122

Again wrong. The Russians were denied all high tech civil technology and how much could they manage to steal blueprints???? For e.g. there is an insinuation that Soviets stole this and that like Concorde blueprints but blueprints of an aircraft like Concorde are in tonnes and how many kilos the Soviets managed to steal???

And yet the soviets made such brilliant planes as long range IL-62 and medium range Tu-154 to rival CONTEMPORARY US aircraft while having an economy much smaller and having no access to US aircraft.

while the US gave China its latest giant Boeing 747 and midget Boeing 737 in 1978 or nearby year and still China, with half the US economy, cannot make a MIDGET AIRCRAFT AFTER 35 YEARS to rival Boeing 737 ON ITS OWN and has to take HALF THE WORLD's help to get that MIDGET Comac C919 off the ground.

 

[narcon]

India lost big chunk of its slice of economy due to White rule and consequent fraud totaling billions of dollars for a decade..

Now it will reverse all that due to nationalist government at the helm.

And in the long run, it will match or beat China anyway;

India’s Secret Weapon: Its Young Population

the median age of India's population as a whole is 28, significantly lower than that of regional peers China and Japan, at 37.6 and 44.4, respectively, according to data from global market research firm Euromonitor.

Indians are 10 years younger than Chinese..

 

[Chinese-Dragon]

India lost big chunk of its slice of economy due to White rule and consequent fraud totaling billions of dollars for a decade..

Now it will reverse all that due to nationalist government at the helm.

And in the long run, it will match or beat China anyway;

India’s Secret Weapon: Its Young Population



Indians are 10 years younger than Chinese..

And the Democratic Republic of the Congo has a median age of 16. So according to your logic, they will beat everyone else?

Check the list of countries by median age, the lower the age, the poorer they are:

List of countries by median age - Wikipedia, the free encyclopedia

Obviously, having too many young people, and being unable to provide enough jobs for them, is a huge liability.

What matters more is the dependency ratio, the number of dependents per working age person. And in that regard, China does significantly better than India:

Age dependency ratio (% of working-age population) | Data | Table - World Bank

We have far less dependents per working age person than India does, and it clearly shows in our economic performance compared to India.

 

[birju]

Who let this supremacist back? Needs a chapaad.

Ignore such trolls as much as you can. they may receive a trillion likes and what not.. everybody knows who they are, no matter what they call themselves and appear scholarly or experts.

there are scholarly trolls, one liner trolls, demeaning trolls, low life trolls,, and trolls who put onlysmileys and derail topics by adding unnecessary pages to any thread.there are also combinations. Google and see how paid trolls play with words and their tactics but they stop being valid after sometime and they ridicule themselves by their posts.

Just look out for some sane Pakistani posters like Jungibaaz and some brilliant Iranian and US posters. I have read his comments on IDF too which I found informative and revealing.

otherwise you may get banned without valid reason while paid trolls can get off with anything.

 

[narcon]

But only marginally and given Russia's low growth rates, India in just few months will surpass it.

BTW India is now 2 trillion dollar economy.

RankCountry2014 GDP (Nominal)
(Billions of US$)% of Global GDP (Nominal)
- European Union$18,39923.7%
1

United States$17,41622.4%
2

China$10,35513.3%
3

Japan$4,7686.1%
4

Germany$3,8204.9%
5

France$2,9023.7%
6

United Kingdom$2,8483.7%
7

Brazil$2,2442.9%
8

Italy$2,1292.7%
9

Russia$2,0572.7%
10

India$2,0482.6%

Not only low growth but its depreciating currency which has gone down 20% in recent 4 months coupled with crude oil prices decline. India will catch up with Russia in a blink of eye..

 

[kyle Chiang]

Most Chinese don't think China has achieve enough success in AGDP,public welfare,environmental conservation,the quality of economy growth,ect.America,Japan,German and many developed countries run a head of China far away.

 

[American_Millenium]

China needs to translate its economic power into national strength (financial power, technological sophistication, military power, political power, etc).

It's like the year China's economy is bigger than the American economy, no one will say China is a more powerful country than America. America has had multiple decades to turn that economic might into comprehensive national strength.

Russia already translated its economic power into national strength when it was a superpower. This is why despite China having a much larger economy, Russia has more national power than China.

China cannot completely take advantage of it's financial power until it liberalizes it's banking system.

As for technological sophistication, this is both a mix of GDP per capita and GDP. India has a larger GDP than Sweden, but who is more of a technological power? China's GDP per capita is commensurate with her technological power so as her living standards improve so too will her technology and knowledge.

Finally, China's military. Spending a paltry 1.3% of GDP on defense is the reason for China's lag behind other major powers. While it is indeed true that the US has had literally decades of $300-700 billion defense expenditures per annum, the fact that China is still spending 1/3 of US and Russian defense spending (as a % of GDP) is an even bigger problem.

It's probably true that the official figures don't fully account for the total spending, but simply look at the production China is churning out. Clearly they are not spending over 2% of their GDP on their military.

As for Russia having more power, most of their stock comes from Cold War times (Soviet Union). Now that they have a GDP of $2 trillion they will have to create a leaner, and fitter military. The thousands of MBT's and combat aircraft are being retired for newer generations, but these newer gen are going to be built in paltry numbers compared to the Soviet Union. At least Russia's defense spending is 4-4.5% of GDP, essentially making it's economy appear 3x bigger compared to China when looking at defense spending.

 

[narcon]

And the Democratic Republic of the Congo has a median age of 16. So according to your logic, they will beat everyone else?

Check the list of countries by median age, the lower the age, the poorer they are:

List of countries by median age - Wikipedia, the free encyclopedia

Obviously, having too many young people, and being unable to provide enough jobs for them, is a huge liability.

What matters more is the dependency ratio, the number of dependents per working age person. And in that regard, China does significantly better than India:

Age dependency ratio (% of working-age population) | Data | Table - World Bank

We have far less dependents per working age person than India does, and it clearly shows in our economic performance compared to India.

How convenient to pit a least developed country as Congo against BRICS member, emerging market, India to propel your dialogue to a new height!

For a younger Congo folks to have jobs, Congo must have industries that it lacks unlike India!

"A growing workforce is an advantage for both the manufacturing and services sectors in India. Not only do businesses have access to people that are young and physically fit, it means less cost pressures, particularly on the wage front, because of the availability of labor,"

Young work force with innovative mind against sick and pension dependent people?

Unemployment ratio factor of india is 3 times better that Spain, South Africa and Greece...

Age dependency ratio?

India has the same age dependency ratio as that of Italy - So?

 

[American_Millenium]

Regardless, the bottom line is that Russia does have the power.

If we really were adding a Russia every 2 years, in terms of military and diplomatic power, that would be the best thing ever. But unfortunately we are not.

Our problem is that we are starting from a low base, Russia has had decades of being a superpower to build up their military and diplomatic power.

Russia is still a very good example for us in terms of nation-building, we have a lot to learn from both their successes and their mistakes. They have already tread the path before, and are looking to do so again. It would be foolish of us to think we have learned all we can from Russia, their power is much deeper and much more complex than many people give them credit for.

If China was adding an entire Russia in terms of military and diplomatic power then China would have 1,000 destroyers by now and control all of Asia as satellite states. I was only referring to GDP. Raw numbers.

 

[Nova2]

the exchange rate of your currency reflect your competitive ability or economic power in international arena, making all countries comparable. otherwise you india could be world no 1 by just printing rupee relentlessly. learn some basics.

Did i say Indian currency was best then the rest ,i had put forward the resons for Indian economy remaining stagnat for the last 2 yrs,is that so hard for you to comprehend? You can keep ur basic knowledge abt economy to ur self, mate.

I dont know why Indian's always do this. Making a comparison is not mocking. The title of the thread and the majority focus was on Russia because it has a larger GDP, but somehow you brought the mockery of India into this.

The only reason I made a comparison with India is because analysts are always comparing the two and pretending like they've had the same growth. I'm proving they've had nowhere near the same growth since the 1990's.

I agree comparing Indian economy and chinese economy isnt fair now,it would hv been fair to compare them back in 2010 when both these countries were the fastest growing major economies in the world,but not anymore,India had slowed down and had lost a lot of ground. The reason i said such comparision to ''mocking India'' is because you can come across such comparision every other day on the forum. And anyways its not the Indian government that compares these two economies,they have their own shit to clear first before making any kinda of comparisions,it mostly the western world,or private Indian media channels who love to quote western news articles.

 

[American_Millenium]

"With a GDP more than ten times the size of the Soviet Unions, the U.S. could spend five percent of GDP on defense, and far outspend the Soviet Union. " from strategypage ( i cannot post links as i am a new member but have been guest reader for more than 7 years)

while when you search search "soviet gdp vs us gdp" on google and you get in kushnirs org

Comparison GDP of USSR and leaders

Year United States Japan GermanyFrance Italy USSR
1970 1075.9 209.1 208.9 146.4 109.3 433.4
1980 2862.5 1087 919.7 690.3 459.8 940
1990 5979.6 3103.7 1714.4 1244.1 1138.2 776.

The Soviet GDP was just 15% of US economy in 1990 but it matched or outclassed USA in some of the the most cutting edge technology like largest and very useful cargo aircraft like An-124/an-225 and helicopter Mi-26, Akula, Typhoon and Oscar submarines, and Mig-31/29 su-27 aircraft and tu-160 aircraft. while it lagged just slightly in other r fields ALL THE WHILE IT WAS DENIED EVEN A CLOSER LOOK AT US made Boeing-747 up until 1992.

but most important USSR was just 5 years behind USA in key tech areas and it even matched US achievements in most hi tech areas when it was just out of total devastation during world war 2 and made TU-95, mig-15/19 and an-12, tu-104 aircraft in just 15 years after 1945 when it was virtually destroyed.

Ok first of all 1990 was a year before the collapse of the Soviet Union. You chose the worst year to compare metrics. As I said, during the 70's and 80's Russia was at almost 1/2 the size of the US but also spending 25% of it's GDP on the military. It was outspending America 4 or even 5 to 1 while having 50% of US GDP. It's military spending was surpassing the size of US military spending on many occasions and spent more per year than the US for most of the Cold War!

The equipment you referenced. Is it a coincidence that they were all produced in the 70's and 80's during Russia's highest GDP (50% of US GDP), with none having been designed and produced in the 90's, 2000's, or 2010's?

Mig-31: 1975 first flight
Oscar: 1975 laid down
Typhoon: 1976 laid down
Su-27: 1977 first flight
Mi-26: 1977 first flight
Tu-160: 1981 first flight
An-124: 1982 first flight
Akula: 1983 laid down

 

[Nova2]

Not only low growth but its depreciating currency which has gone down 20% in recent 4 months coupled with crude oil prices decline. India will catch up with Russia in a blink of eye..

India is set to go past Italy & russia in 2015. Going past other countries would take a bit longer.

 

[American_Millenium]

But only marginally and given Russia's low growth rates, India in just few months will surpass it.

BTW India is now 2 trillion dollar economy.

RankCountry2014 GDP (Nominal)
(Billions of US$)% of Global GDP (Nominal)
- European Union$18,39923.7%
1

United States$17,41622.4%
2

China$10,35513.3%
3

Japan$4,7686.1%
4

Germany$3,8204.9%
5

France$2,9023.7%
6

United Kingdom$2,8483.7%
7

Brazil$2,2442.9%
8

Italy$2,1292.7%
9

Russia$2,0572.7%
10

India$2,0482.6%















List of countries by GDP (nominal) - Wikipedia, the free encyclopedia

Estimates are highly inaccurate. They do not take into account currency appreciation or deprecation.

Hence, China's numbers are always undervalued in estimates (for example last year China's GDP in 2013 was supposed to be $8.9 trillion but it ended up $9.4 trillion) and India's numbers may be overvalued in this estimate. Any idea on Rupee appreciation or depreciation for this year? We can add it to the numbers and you'll get the final GDP they will post for 2014.

Ignore such trolls as much as you can. they may receive a trillion likes and what not.. everybody knows who they are, no matter what they call themselves and appear scholarly or experts.

there are scholarly trolls, one liner trolls, demeaning trolls, low life trolls,, and trolls who put onlysmileys and derail topics by adding unnecessary pages to any thread.there are also combinations. Google and see how paid trolls play with words and their tactics but they stop being valid after sometime and they ridicule themselves by their posts.

Just look out for some sane Pakistani posters like Jungibaaz and some brilliant Iranian and US posters. I have read his comments on IDF too which I found informative and revealing.

otherwise you may get banned without valid reason while paid trolls can get off with anything.

Very poor impulse control. You can't respond without being dramatic or insulting.

You are very apeish in the way you argue. Stay angry boyo.

 

[Nova2]

Estimates are highly inaccurate. They do not take into account currency appreciation or deprecation.

Hence, China's numbers are always undervalued in estimates (for example last year China's GDP in 2013 was supposed to be $8.9 trillion but it ended up $9.4 trillion) and India's numbers may be overvalued in this estimate. Any idea on Rupee appreciation or depreciation for this year? We can add it to the numbers and you'll get the final GDP they will post for 2014.



Very poor impulse control. You can't respond without being dramatic or insulting.

You are very apeish in the way you argue. Stay angry boyo.

There has been no depreciation in Indian rupee throughout this year, rupee was at 68/$ in August 2013 which had appriciated to 62/$ in Jan'2014 and keeps hovering between 59-62/$,right now rupee is at 61/$,it infact has appreciated in a year then depriciating ,India is set to become a $2 trillion dollar econony,those estimates are preety much accurate for India.