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

[CHN Bamboo]

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

That's right temporarily...
But...你引火上身了……

 

[AndrewJin]

In Q2 of 2014, India's GDP growth is only 4.7%. (nominal).
Depreciation of rupee is crazy, trade deficit is dramatically increasing.

China has not used SNA2008, the magic GDP calculating method.
Even we don't used SNA2008, the recent report released in September has shown an unbelievable fact.

China 2008

 

[Nilgiri]

Nominal?
Have u added deprecation of rupee?

Have you considered PPP then if we are going to prefer real to nominal?

 

[CHN Bamboo]

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".

Andrew should have the ability to analyze like u...

In Q2 of 2014, India's GDP growth is only 4.7%. (nominal).
Depreciation of rupee is crazy, trade deficit is dramatically increasing.

You should explain it firstly...

 

[xyxmt]

Let Indian compare with Pakistan, China is a unrealistic dream for India.

 

[AndrewJin]

OMG, the PPP cheerleaders come!

Next time, buy Rafale with PPP and let Indian officers receive PPP commission.

 

[Nilgiri]

In Q2 of 2014, India's GDP growth is only 4.7%. (nominal).
Depreciation of rupee is crazy, trade deficit is dramatically increasing.

4.7% growth would have been the REAL growth not nominal growth (which treats inflation as growth as well).

As for depreciation of Rupee, it is coming under control now:

XE.com - USD/INR Chart

As for trade deficit give Modi one full term and lets come back to that.

For next year projection even with all these problems you are harping on about:

India's Growth Will Further Surpass China's in 2016: IMF

 

[Nilgiri]

OMG, the PPP cheerleaders come!

Next time, buy Rafale with PPP and receive PPP commission

Since you are making a huge distinction between nominal and real growth (which you have already erroneously confused with each other already)....it is only natural to bring in PPP as a metric as well.

We are not talking about import but all forms of consumption. Do the Chinese have something against PPP or is it only because their mulitplier does not look so big suddenly?

 

[Echo_419]

How many years it will take for China to add another Indian GDP?
Count from 2015.

View attachment 262955

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The frustration is real

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.

The shameless ness displayed by Chinese is real

 

[CHN Bamboo]

PPP??....
When China's PPP surpass US,nearly no media would like to report.

 

[Nilgiri]

There's one small problem with bringing in exchange rates with nominal GDP. Nominal GDP is only useful as a parameter when we are talking about using the local currency.

It loses utility when we convert to a foreign currency that is not used in any significant way within the country.

If the Russian ruble halved in value w.r.t US dollar over a year....does that suddenly mean Russians are now half as rich? Are they that reliant on US goods for consumption? You tell me.

Nominal GDP when standardised with one currency (US dollar) is simply comparing what the economies of countries would stack up like if everyone could only use US dollars in the world. Not good for comparing domestic consumption and hence the real purchasing power of an economy.

 

[Nilgiri]

PPP??....
When China's PPP surpass US,nearly no media would like to report.

I saw it reported in a fair number of media articles.

 

[CHN Bamboo]

I saw it reported in a fair number of media articles.

In that period,no conspicuous alert.
I only know that from foreigh website.

 

[Nilgiri]

PPP is for developing country to feel good about themselves, and they buy it.

Developed countries also use PPP....for example the extremely high living costs of Switzerland and Norway have a large impact on their PPP compared to market rate.

In that period,no conspicuous alert.
I only know that from foreigh website

I'm talking about foreign websites. If Chinese don't care about PPP figures, thats on them.

Its more of a useful metric for per capita income anyway rather than gross domestic product.

Both it and market rates have pros and cons depending on the situation.

 

[AndrewJin]

In that period,no conspicuous alert.
I only know that from foreigh website.

PPP makes developing country self-content.
The methodology of PPP is questionable, and highly unstable, especially for bigger countries where regional difference is obvious.
That's why PPP is seldom and nearly never mentioned here.
After all, when comparing countries, real GDP is much more reliable.