How many years will it take for China to add another India's nominal GDP? 3, 4 or 5?

[CHN Bamboo]

That is my prediction,What's your prediction?I also predict that Gambia won't become a devoloped country in this century too.

……
In 40 years

 

[Yizhi]

I'm totally wrong, I apologise for all Chinese members here who feel insulted with such meaningless comparison to a country with GDP per capital lower than Sub-Sahara Africa.
Thanks for @Martian2 's education.

Andrew you've got to have better things to do.

No need sinking to their level.

 

[AndrewJin]

That is my prediction,What's your prediction?I also predict that Gambia won't become a devoloped country in this century too.

My prediction is GDP of Western China is more than entire India for the rest of this century, and the gap is becoming bigger each year.

Andrew you've got to have better things to do.

No need sinking to their level.

Last day of 7-day National Day Holidays.
U know the reason.

 

[Yizhi]

My prediction is GDP of Western China is more than entire India for the rest of this century, and the gap is becoming bigger each year.


Last day of 7-day National Day Holidays.
U know the reason.

.....!!!!


.

 

[AndrewJin]

Aren't you guys chasing USA ? no ? k.

My purpose of this thread is that Indian should know the truth and stop comparing to China, it's insulting.

 

[Nilgiri]

Where did this image come from?

The IMF estimate for India GDP in 2015 is now 2.3 trillion not the figure posted here.

Report for Selected Countries and Subjects

Considering that China was adding a "current" India every year not so long ago...now its taking 2 years and soon it will be taking 3 years and it will be around 4 years by 2020 which is definitely a promising trend. From 2020 - 2030 India will kick into the next gear of absolute GDP addition yearly while China will be in a full transition to a much slower yearly growth as both demographics, lower margins and higher consumption rather than investment start to take larger holds on the economic structure....so this kind of comparison will no longer be relevant.

If we look at 2010 for example, we see the US was at 15 trillion and China at 6 trillion. In 2015 the US is at 18 trillion and is expected to reach 21 trillion by 2018 according to the IMF. So it took 8 years for the US to add another "current" China.

Report for Selected Countries and Subjects

At what point does this number become meaningless then?

That too these IMF projections of yoy nominal growth of 10% and 8% for India and China respectively are somewhat on the conservative side for India and optimistic side for China I feel.

 

[AndrewJin]

Does it matter?I seriously doubt that India will become a devoloped country in this century.Don't compare China and india like westerners do please.

My apology.

 

[CHN Bamboo]

My purpose of this thread is that Indian should know the truth and stop comparing to China, it's insulting.

You are very boring.
Boring man,stop trolling.
Our own country has many problems as well!!
And,I doubt ur statistic need a change.(Look what nilgiri post)

 

[lightoftruth]

My purpose of this thread is that Indian should know the truth and stop comparing to China, it's insulting.

Nowadays its not us but these ppl
India to grow at 7.5 per cent in 2016, faster than China: IMF | The Indian Express

This thread might not fulfill its purpose,try doing a protest near IMF,world bank head office.

 

[AndrewJin]

Where did this image come from?

The IMF estimate for India GDP in 2015 is now 2.3 trillion not the figure posted here.

Report for Selected Countries and Subjects

Considering that China was adding a "current" India every year not so long ago...now its taking 2 years and soon it will be taking 3 years and it will be around 4 years by 2020 which is definitely a promising trend. From 2020 - 2030 India will kick into the next gear of absolute GDP addition yearly while China will be in a full transition to a much slower yearly growth as both demographics, lower margins and higher consumption rather than investment start to take larger holds on the economic structure....so this kind of comparison will no longer be relevant.

If we look at 2010 for example, we see the US was at 15 trillion and China at 6 trillion. In 2015 the US is at 18 trillion and is expected to reach 21 trillion by 2018 according to the IMF. So it took 8 years for the US to add another "current" China.

Report for Selected Countries and Subjects

At what point does this number become meaningless then?

That too these IMF projections of yoy nominal growth of 10% and 8% for India and China respectively are somewhat on the conservative side for India and optimistic side for China I feel.

Nominal?
Have u added deprecation of rupee?

 

[AndrewJin]

Nowadays its not us but these ppl
India to grow at 7.5 per cent in 2016, faster than China: IMF | The Indian Express

This thread might not fulfill its purpose,try doing a protest near world bank head office.

Growth rate yes, but the gap is growing bigger.
China will add a new Indian GDP for no more than 3 years from 2015.

 

[Nilgiri]

My purpose of this thread is that Indian should know the truth and stop comparing to China, it's insulting.

Well your purpose failed. We will continue comparing to China whenever we feel like....after all we have to also normalise for the gap in opening up and market reforms. If we take this into account, India is pretty much on the same trajectory.

 

[Srinivas]

If you carefully check the growth rates at the time period from 2010 to 2015 that is the period after recession, exports declined. Chinese economic growth is all about building and adding the stats to their GDP. This is not true indicator of GDP.

They added these non performing assets to GDP and after that the housing recession declined the values of these assets but the GDP kept on increasing, they trying to fool others with their GDP stats.

Their is 6 to 7 trillion GDP at best !!

Where did this image come from?

The IMF estimate for India GDP in 2015 is now 2.3 trillion not the figure posted here.

Report for Selected Countries and Subjects

Considering that China was adding a "current" India every year not so long ago...now its taking 2 years and soon it will be taking 3 years and it will be around 4 years by 2020 which is definitely a promising trend. From 2020 - 2030 India will kick into the next gear of absolute GDP addition yearly while China will be in a full transition to a much slower yearly growth as both demographics, lower margins and higher consumption rather than investment start to take larger holds on the economic structure....so this kind of comparison will no longer be relevant.

If we look at 2010 for example, we see the US was at 15 trillion and China at 6 trillion. In 2015 the US is at 18 trillion and is expected to reach 21 trillion by 2018 according to the IMF. So it took 8 years for the US to add another "current" China.

Report for Selected Countries and Subjects

At what point does this number become meaningless then?

That too these IMF projections of yoy nominal growth of 10% and 8% for India and China respectively are somewhat on the conservative side for India and optimistic side for China I feel.

 

[coffee_cup]

Note the fact no Indian has opened a thread "how many years will it take for India to add another Pakistan nominal gdp 3-4-or-5 "

Guess even most arrogant bunch from our side are more humble and of a higher class than those from our Eastern side of border.

Of course, its nothing to be proud of, considering how humble Japanese are compared to us.

It is due to the fact that Pakistanis do not open any threads based on some manipulated data to compare themselves with a neighbor who has 7-8 times the size of their economy.

Indians on the other hand open almost on daily basis such silly threads comparing themselves to China and claiming to overtake it within few years etc.

Now that is not even close to being "humble".

 

[AndrewJin]

Well your purpose failed. We will continue comparing to China whenever we feel like....after all we have to also normalise for the gap in opening up and market reforms. If we take this into account, India is pretty much on the same trajectory.

Growing trade deficiency, depreciating rupee, good luck.
2015 Q2 GDP growth (dollar) rate of top 20 economies

You cannot stop the Indian Rupee depreciation until the huge Indian federal budget and trade deficits are fixed.

During the last five years from 2010 to 2015, the Indian Rupee has depreciated from 45 to 65 Rupees per US dollar.

(65 - 45) / 65 = 30% depreciation

Look at that huge 30% currency depreciation over the last five years. I suggest you admit that the Indian Rupee is under pressure and still depreciating.

Nominal GDP growth from 2010 to 2015

China: ($11.4 trillion - $6 trillion) / $6 trillion = 90%

India: ($2.2 trillion - $1.7 trillion) / $1.7 trillion = 30%

To make matters worse, China's economy is five times larger than India's.

In conclusion, China's nominal GDP growth has been three times higher than India's over the last five years (90% vs. 30%). Also, China's nominal GDP in absolute terms is five times higher than India's ($11.4 trillion vs. $2.2 trillion).

There is no way that any Indian can convince a Chinese that the two economies belong in the same league or are worthy of a direct comparison.

In conclusion, the gap between China and India is unbelievably huge.

China's nominal GDP is about 5.7 times larger than India's (using SNA 2008), grows three times faster on average (90% vs. 30%), the difference is almost $700 billion in trade (e.g. China has a $550 billion trade SURPLUS; India has a $137 billion trade DEFICIT), and China's research publication is 20 times higher in the prestigious journal Nature (427 Chinese research articles vs. 20 Indian articles).

Why in the world would anybody want to compare India to China? They do not belong in the same classification.

China's economy should only be compared to the United States or the European Union.

China's economic growth is relevant in determining the speed at which China is closing in on US nominal GDP.

China's trade surplus is relevant in calculating the additional contribution to China's nominal GDP growth. I can't think of a single major nation that has a China-like nominal GDP growth rate.

China's #2 worldwide ranking in Nature publications should only be compared to the United States (ranked world #1) or Germany (ranked world #3). At worst, China should only be compared to Japan (ranked world #6).

Indian trade deficit increases to $137 billion.

There is no sign that India will ever follow in China's footsteps. India Inc. keeps bleeding cash. Without a cash hoard to fund modern manufacturing plants and R&D, India will perpetually stay a backward country.

Prime Minister Modi has shown no discernible impact on India's economy.

India frets trade gains could unravel as deficit widens | Reuters

"India frets trade gains could unravel as deficit widens
NEW DELHI | BY MANOJ KUMAR
Fri Apr 17, 2015 7:09pm IST
...
Annual figures published on Friday for the full fiscal year that ended in March showed merchandise exports declined 1.2 percent to $310.5 billion, while imports were down 0.6 percent, at $447.6 billion.

That widened the annual trade deficit for Asia's third-largest economy to $137 billion in the 2014/15 fiscal year from $135.8 billion in the preceding year, with the fall in net exports likely to hurt gross domestic product."