FT: The dangers in Delhi’s dream of overtaking China LOL

[AndrewJin]

China's retail sales rose 12 percent year on year in 2014 to 26.24 trillion yuan (4.28 trillion U.S. dollars)
Who can tell me Indian number?

BEIJING, Jan. 20 (Xinhua) -- China's retail sales rose 12 percent year on year in 2014 to 26.24 trillion yuan (4.28 trillion U.S. dollars), the National Bureau of Statistics said on Tuesday.

Retail sales, a key indicator of consumer spending, continued to accelerate in December, rising 11.9 percent from a year earlier.

The figure was up from November's 11.7 percent and October's 11.5 percent.

"Retail sales strengthened, suggesting some progress in much-needed economic rebalancing from investment towards consumption," Nomura economists wrote in a research note after the release of economic data.

Retail sales growth in rural areas outpaced that in urban China. Last year, sales in rural regions rose 12.9 percent from a year ago, while sales in urban areas climbed 11.8 percent.

Online sales showed robust growth, soaring 49.7 percent year on year in 2014 to 2.79 trillion yuan.

Consumption has been a bright spot in the Chinese economy, which is confronting slowing domestic investment growth and a weak global recovery.

China's gross domestic product (GDP) grew 7.4 percent in 2014, registering its weakest expansion in 24 years.

Consumption contributed 51.2 percent to GDP growth last year, three percentage points more than the previous year.

Looking ahead at 2015, retail sales are expected to rise 12.2 percent year on year, according to a working paper published last month by a group of economists of the People's Bank of China.

 

[Mo12]

Troll title and thread @waz @Irfan Baloch

 

[AndrewJin]

China’s retail sales grew 10.8 per cent year on year to 2.49 trillion yuan ($390.89 billion) in August

China’s value-added industrial output expanded 6.1 per cent year on year in August, up from 6 per cent in July, the National Bureau of Statistics said on Sunday.

China’s retail sales grew 10.8 per cent year on year to 2.49 trillion yuan ($390.89 billion) in August, higher than forecasts.

Beijing has set its official growth target for 2015 at 7 per cent.

Fixed asset investment, a measure of government spending on infrastructure, expanded 10.9 per cent on-year in the January-August period.

Is it the so-called consumption-driven Indian economy so "consumption-driven" because the other two building block of GDP, aka investment and export too low? A matter of statistics.
@TaiShang @Shotgunner51

 

[HariPrasad]

wait yar, Modi still has 4 years

By the time let him be happy.

 

[dray]

Kind of weird how India was growing at 4% then suddenly 7.7%, most people say it is accounting magic rather than real economic growth.

Stop pulling out data from ungodly places. Check the chart, this one is from IMF.

Stuck in low global growth and India overtaking China – is this the 'new normal'? | Business | The Guardian

 

[dray]

Just 10 years ago China's GDP was where India's GDP is today...not sure what Chinese are gloating about here.

 

[Maira La]

Just 10 years ago China's GDP was where India's GDP is today...not sure what Chinese are gloating about here.

Dhoti, the gap is widening, because of disparate growth rates. Meaning you will never catch up. In another 10 years you'll be a smaller fraction of Chinese economy.

 

[Speeder 2]

Just 10 years ago China's GDP was where India's GDP is today...not sure what Chinese are gloating about here.

So for you $1 today equals to $1 a decade ago? No wonder they say Indians are dumb...

 

[IndoCarib]

It is amusing when **** and **** like @Speeder 2 start talking economics !! And since when a line that has 'danger' in it ends with a LOL ? That says a lot about this ***** @Speeder 2

 

[dray]

Dhoti, the gap is widening, because of disparate growth rates. Meaning you will never catch up. In another 10 years you'll be a smaller fraction of Chinese economy.

You should seek medical help for your perversions about dhoti, I can't help you.

So for you $1 today equals to $1 a decade ago? No wonder they say Indians are dumb...

It just shows where we could be ten years later, dumb chinese.

 

[SrNair]

India's growth is solely based on domestic consumption .It is not export oriented .
We have our way and strong points .And so we dont need the certificate from morons from the sweatshops.

 

[[Bregs]]

India will never try to ape china model or world bank model rather it will work on its middle oath keeping domestic growth factor in mind which has to a certain extent kept India insulated from the past global economic depressions

 

[SrNair]

India will never try to ape china model or world bank model rather it will work on its middle oath keeping domestic growth factor in mind which has to a certain extent kept India insulated from the past global economic depressions

Foreign members in here cant understand the unique case of India.This is a democracy so govt must accountable toward the people.We cant bulldoze a building or a colony in the name of development.Democracy important advantage is the stability.

 

[[Bregs]]

Foreign members in here cant understand the unique case of India.This is a democracy so govt must accountable toward the people.We cant bulldoze a building or a colony in the name of development.Democracy important advantage is the stability.

exactly we are into almost 25 yrs of reforms and they are yielding results without affecting our domestic demand

 

[Speeder 2]

Foreign members in here cant understand the unique case of India.This is a democracy so govt must accountable toward the people.We cant bulldoze a building or a colony in the name of development.Democracy important advantage is the stability.

Let's see:

According to you:

1. India is a democracy where the govt must be accountable towrds the people, right?

2. that means what the people want , the govt must do, right?

3. that means if the govt doesn't do is because that the Indian people don't want, right?

4. since Indian govt doesn't do many in-door plumbing, right?

5. so Indian people prefer sh!ting in the open - conclusion

Thank you for making that known to the world. Now stay clear off my way.