India and China - A GDP Comparison

[Han Patriot]

Just The FactsPreviousNext
Can India Surpass China’s Economy by 2050?

I once read an article asking the same question but different timeline. CAN INDIA OVERTAKE CHINA BY 2020? Btw, please wake up and realise that Brahmos is just a Russian missile with an Indian paint.

 

[艹艹艹]

Twenty-second Century belongs to India

 

[C130]

When do you think the next economic crisis will come?

when the global ponzi scheme fails

 

[kvpak]

Can India Surpass China’s Economy by 2050?

God willing, Tamil Nadu would be out of India (may be all of South India). Then the Hindi belt would not have the brain power to expand economy.

May be Khalistan free too. Then the Indian would not have muscle and leadership of the Sikhs.


In such situation what is left of India (mainly the Hindi belt) would be poor and undeveloped to the level of some African countries.

Think about this
"India would have registered higher growth rates if it had comprised only what are now its southern and western parts...The rest of the country held the South and West back...", so said P. Chidamparam, former Minister of Finance of India (2004-2008) to the American Ambassador Timothy Roemer in August 2009. Chidamparam concluded that India could achieve 11-12 per cent growth if it were the South and West only, noting that the rest of the country held it back.” (The Hindu newspaper; March 23, 2011).

 

[faithfulguy]

Just The FactsPreviousNext
Can India Surpass China’s Economy by 2050?
9 facts on the economic rise of India after a delayed start.

The Globalist, May 8, 2016

Credit: Niyazz - www.shutterstock.com

Takeaways

• For several decades to come, China will almost certainly hold its new spot at the top of the global economic table.
  
• By 2050, it is possible India’s economy will have edged out not only the US but also China for the top spot.
  
• India’s economy is only a little over 40% as large as the U.S. and Chinese economies.
  
• The Indian economy is expected to be 2% larger than the U.S. economy by 2050 — but 30% smaller than China’s.

1.For several decades to come, China will almost certainly hold its new spot at the top of the global economic table.

2.However, by 2050, it is possible India’s economy will have edged out not only the United States but also China, to take the top spot.

3.A little more than a decade after China launched its market-based reforms, India jumped into the growth game as well.

4.India’s economic liberalization policies of 1991 led to an increasing role for the private sector and opened the economy to foreign investment.

5.As of 2014, India’s $7.3 trillion economy was the world’s third-largest, measured in terms of purchasing power parity.

6.However, it is at present only a little over 40% as large as the U.S. and Chinese economies.


7.While India’s growth has not been as strong as China’s over the past two decades, its growth rate is expected to outpace China’s in the coming decades.

8.To realize its potential, India will need to sustain its reform policies and increase investment in infrastructure, education (especially women) and better governance.

9.The Indian economy is expected to be about 2% larger than the U.S. economy by mid-century — but about 30% smaller than China’s.

Sources: PricewaterhouseCoopers with additional analysis by The Globalist Research Center.

More on this topic

• India: Getting Back to No. 2
• Trolls are most welcome

The economic power of a country cannot be measure by overall PPP. PPP per capita is good for comparing standard of living. But to measure economic power of a country, the only number that matters nominal GDP. PPP is useless for this regard.

 

[Han Patriot]

The economic power of a country cannot be measure by overall PPP. PPP per capita is good for comparing standard of living. But to measure economic power of a country, the only number that matters nominal GDP. PPP is useless for this regard.

PPP is not even good at measuring standard of living, it is just telling you how much you can get in a basket of goods for a dollar. The problem is defining this basket of goods and services. Theoretically speaking, if that was true, then India wouldn't need to import supposedly expensive Chinese goods since by PPP measure, a dollar could purchase cheaper goods internally.

They fail to realise that money is a storage of value and a means of exchange, simply keeping money is useless and hence it has to be spent to upgrade infrastructure, services, human capital, technology and so on. This is precisely what China is doing, some argue China is wasting money, but do you want a trillion worthless pile of paper dollars of a state of the art HSR transporting 1bil ppl a year at 300km/hr?

So even if by paper value India is a 2 trillion economy or PPP 8 trillion whatever, if the people still need to shit in the streets, the air pollution is shittier than China, the people are starving, caste wars, hartals, retarded kids, subsaharan health care, etc, then it is just another failed state. You can judge their ability to organize and manage the country just by looking at how they implement the demonetization scheme. It was complete chaos.