"I" in BRIC might stand for Indonesia, not India

[Yeti]

2012 late in the year India will be holding the BRIC summit but i guess India is not part of BRIC now

 

[Baby Leone]

Goldman is now feeling that it was their mistake to bring india in tht equation now they want to change it & Indonesia is more better option for them ....

just thinking now wht US will do to save her puppy against big China in asia

 

[Yeti]

Goldman is now feeling that it was their mistake to bring india in tht equation now they want to change it & Indonesia is more better option for them ....

just thinking now wht US will do to save her puppy against big China in asia

Why is India holding the BRIC summit in 2012 then

 

[true_indian]

Arey yaar, how stupid can you be? Western media is just trying to pressure India to open its economy for them. That's all. Don't worry this phase will pass. Honestly I don't care how fast other BRIC countries develop. India will develop at its own pace given its democratic system. There is competition with China in positive sense but we cannot give away our rights to out do them. So what if India takes another couple of decades to become a developed society. It may be too much time for us individuals but for India that is nothing.

 

[harpoon]

We must focus on our development and interests rather than debating about whether we should or should not be some arbitrary club's member.

 

[Tamil Arasan]

Jan 2012

(BRICs) The acronym was coined by Goldman Sachs in a 2001 paper entitled "Building Better Global Economic BRICs".

Goldman Sachs says that the country that has been the biggest letdown has been India.

Goldman Sachs: from brick to basket case, what is going on in India? Well, some numbers tell us trembling story. India's blessing and curse is that it has a messy, chaotic, decentralized democracy. Unlike China, it has no unified sense of direction.

If it doesn't get its act together, "I" in BRIC might stand for Indonesia, not India.

Is India the broken BRIC?

You may call what ever you want about India "messy, chaotic, decentralized democracy." but still India was able to achieve a growth of 8% to 9% over a period of time with out any kind of major stimulant programs from the Indian government, but on the other hand China has pumped huge stimulant to grow it's economy - considering that Indian democracy has also done well. Even this year when all the major economies of world are facing negative or standstill growth India is able to achieve 6.9% growth...

You can see in the below video were an economist of Chinese origin talks about the strengths and weakness of Indian economy in a more rational manner...

India today has reached this respected position in global stage not because of our government stimulant or encouragement for the development of our economy - it's due to the dedicated and hardworking private sector.

During the cold war Russia was matching the USA in each and every field with the government controlled centralized economy, but in long run the private entrepreneurship of America taken it to greater heights when the companies such us Google, Microsoft, apple and many more pitched in...

India's growth is based on private sector and their hard work and dedication for success - one such example is below...

 

[Chinese-Dragon]

India's growth is based on private sector and their hard work and dedication for such - one such example is below...

The majority of China's GDP growth rate comes from the private sector as well.

So what?

 

[Tamil Arasan]

The majority of China's GDP growth rate comes from the private sector as well.

So what?

You will get the answer from the first video...pls watch it - "Riz Khan: Does democracy hinder economic growth?"

Did I say any place China don't have a private sector?

 

[ares]

Goldman is now feeling that it was their mistake to bring india in tht equation now they want to change it & Indonesia is more better option for them ....

just thinking now wht US will do to save her puppy against big China in asia

You know ..if you work hard and grow by 3% this yr..you might be able to preserve your position in next 11.

 

[Gautam]

some guys get happy with anti India lollipop. but before eating the lollipop- they don't realise that the BRIC summit is to take place in India in 2012

i don't even feel like laughing on their childishness. but LOL anyways.

 

[Tamil Arasan]

Goldman is now feeling that it was their mistake to bring india in tht equation now they want to change it & Indonesia is more better option for them ....

just thinking now wht US will do to save her puppy against big China in asia

hear comes some one who don't know how to keep his own house in order and commenting on India!!!, by the way Indonesia expanded 3.5 percent in the third quarter of 2011 - but India expanded 6.9 percent so India is still growing faster then Indonesia and a bigger economy, and could you please post the economic growth of Pakistan for the third quarter of 2011??

We all know who is the puppy of USA - they come and bust your A## on a daily basis with their drones and you couldn't do any thing and you are calling us puppy!!!

 

[bee3690]

Replace C with cambodia then..then all will be at peace

 

[lamlap]

Indonesia has one of the world's fastest growing economies, and it's already the largest in Southeast Asia. The economy grew 6.5% in the first nine months of 2011

Indonesia's economy expands by 6.5 pct in 2011

 

[lamlap]

Indonesia Vs India


Inflation

Indonesia = 3.79%
India = 9%

GDP Growth

Indonesia = 6.5%
India = 6.9%



India's GDP Growth Slows to 6.9% - WSJ.com
India exceeds 9% inflation

 

[heartrocker22]

This is Econstories video will help you which economy is better guess which country is following keynesian model to its last word... one was USA who is ditch And now it is ..... ?
"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem - YouTube
Fight of the Century: Keynes vs. Hayek Round Two - YouTube

India or China
Now which country has a centralized planning where few decide for many?
which country has release enormous stimulus package...
Which country has created mal-investment, building up ghost cities?
Which country had fastest credit expansion for last decade?

An Austraian prespective