How far is India behind China

[oct605032048]

if we keep on doubling our gdp in 4 years that would mean we are only 5 - 6 years behind chinas gdp. and even less in ppp terms

---------- Post added at 07:07 AM ---------- Previous post was at 07:05 AM ----------

in gdp(ppp) which is real indicator of wealth of country chinese economy is little more than double of indian economy.

PPP is bullsh1t or to put it more precisely, bullsh1t is PPP.

 

[jatt+gutts]

Only 8%？ China have been growing at a speed higher than that for 120 quarters.[/QUOTE

8% is inflation adjusted growth rate.. nominal growth rate for last four years were 18%. this is how india is close to 2 trillion mark now.

 

[EAsian]

this applies to china as well not just india and india is not going to slow too much. this you can write down on the wall. we can see changes happening all around. people now have more money to spend than in 90s

chinese is east asian .our limits is like the limits of japanese and korean.
India is a south asian country ，your limits would be somewhere like malaysia or thai.

 

[oct605032048]

chinese is east asian .our limits is like the limits of japanese and korean.
India is a south asian country ，your limits would something like malaysia or thai.

That's politically very incorrect.

 

[jatt+gutts]

PPP is bullsh1t or to put it more precisely, bullsh1t is PPP.

ppp is more importannt than nominal...no point in having 4 times the gdp of india if it costs 10 times to live in china than in india.

 

[Chinese-Dragon]

In 1990, China and India had the same nominal GDP.

In 2000, China's GDP became twice the size of India's GDP.

In 2010, China's GDP became FOUR times the size of India's GDP.

So it is not a question of "catching up". It is a question of how fast India is falling behind.

 

[EAsian]

I think the limit of china's gdp would be six or seven times of india

 

[oct605032048]

ppp is more importannt than nominal...no point in having 4 times the gdp of india if it costs 10 times to live in china than in india.

That's why it is BS. Because no one could ever never be able to collect enough information to give any reliable estimation of PPP.

 

[EAsian]

That's politically very incorrect.

political correct doesn't means truly correct.
you are not a politician，are you？

 

[oct605032048]

Even it is maybe more important but because no one could ever be able to calculate it. it is BS.

 

[Chinese-Dragon]

chinese is east asian .our limits is like the limits of japanese and korean.
India is a south asian country ，your limits would be somewhere like malaysia or thai.

Malaysia and Thailand are Southeast Asian countries.

India is a South Asian country, like Nepal and Bangladesh.

 

[jatt+gutts]

we dont care as long as we dont fall behind in gdp ppp. we will get you soon. inflation is rising in india. so even if the economy of india slows down our nominal gdp growth rate is higher than chinas. got the point.

 

[oct605032048]

political correct doesn't means truly correct.
you are not a politician，are you？

That's why I said it is politically incorrect. I didn't say it is not true.

 

[EAsian]

Malaysia and Thailand are Southeast Asian countries.

India is a South Asian country, like Nepal and Bangladesh.

Did i say thai and malaysia are south asian countries？

 

[oct605032048]

we dont care as long as we dont fall behind in gdp ppp. we will get you soon. inflation is rising in india. so even if the economy of india slows down our nominal gdp growth rate is higher than chinas. got the point.

You don't got the point. China's GDP in 2010 was 40 trillion while in 2011 was 47 trillion. You tell me what is the nominal growth rate.