India and China - A GDP Comparison

[Nanga Tarzan]

The figure below shows the GDP of India (in orange) and China (green). China's GDP is roughly $10 trillion and India's is $2 trillion. The first figure in the graph shows the current GDP. But an interesting thing happens if the scale is shifted by 10 years which is shown in the second figure.

Basically, India is at least 10 years behind China.

 

[C130]

China is a bubble though

 

[ssethii]

If you assume that Indian GDP will sky rocket similar to the Chinese GDP.

 

[Nanga Tarzan]

China is a bubble though

Not really a bubble but more like "managed" growth.

If you assume that Indian GDP will sky rocket similar to the Chinese GDP.

That's why I used the words "at least".

 

[randomradio]

If you assume that Indian GDP will sky rocket similar to the Chinese GDP.

50-50. For that to happen, the currency should appreciate like it did for China, which is quite unlikely in our case because of our large import basket of raw materials and balancing that with our exports. So the govt will try to keep it stable.

But in case the currency appreciates, then it will be better than the Chinese economy.

Citibank says it may happen.
http://timesofindia.indiatimes.com/...ps-Adam-Gilmour-says/articleshow/32319371.cms

Not in 2014 of course, but it's a likely event. Especially when raw materials imports will decrease drastically over the next 5 years.

 

[Khan_21]

The figure below shows the GDP of India (in orange) and China (green). China's GDP is roughly $10 trillion and India's is $2 trillion. The first figure in the graph shows the current GDP. But an interesting thing happens if the scale is shifted by 10 years which is shown in the second figure.

Basically, India is at least 10 years behind China.

View attachment 343271

More like 50 years . Do you think by 2050 India will be having 400km/hr trains ? Or Cities similar to Shanghai , Shenzhen ? I don't think so .

 

[C130]

Not really a bubble but more like "managed" growth.


That's why I used the words "at least".

managed growth?? more like reckless credit loans. looks like China didn't learn from Bush's everyone one should own a house bubble.

it's a giant bubble that will wipe out trillions of dollars.

 

[Sanchez]

India does have a hope to repeat China's success. You need to at least change your culture to more liberal direction and carry out your work more sufficiently.

managed growth?? more like reckless credit loans. looks like China didn't learn from Bush's everyone one should own a house bubble.

it's a giant bubble that will wipe out trillions of dollars.

Can Americans actually teach Chinese any economics? I think not.

 

[Gandhi G in da house]

The figure below shows the GDP of India (in orange) and China (green). China's GDP is roughly $10 trillion and India's is $2 trillion. The first figure in the graph shows the current GDP. But an interesting thing happens if the scale is shifted by 10 years which is shown in the second figure.

Basically, India is at least 10 years behind China.

View attachment 343271

You are a new member. Now you will learn your first lesson of PDF. Never start comparison threads. They never end well.

 

[Tiger Genie]

China was able to push economic development first and then social development. Being an communist dictatorial form of government makes that possible.

India cannot do that sort of prioritization, being a representative democracy. Both developments have to go hand in fandm which will take longer than China.

For example it is a lot more difficult in India to clear out a 1000 villages to build a dam. In China, it will be done at engineering and funding speed.

 

[Nanga Tarzan]

More like 50 years . Do you think by 2050 India will be having 400km/hr trains ? Or Cities similar to Shanghai , Shenzhen ? I don't think so .

Bullet trains and megacities have nothing to do with GDP.

 

[idune]

Bullet trains and megacities have nothing to do with GDP.

It does. Beside being symbol of development and prosperity, these services add to productivity and productivity adds to GDP.

 

[C130]

India does have a hope to repeat China's success. You need to at least change your culture to more liberal direction and carry out your work more sufficiently.



Can Americans actually teach Chinese any economics? I think not.

well China only got rich when it adopted the U.S model so yeah we can and have.


China housing bubble is real

 

[Nilgiri]

PPP (Actual physical consumption of goods and services rather than nominal conversion through exchange rate which assumes price levels are the same everywhere in the world and that there is no overvaluing/undervaluing of currencies) is a way more important measure of GDP:

http://data.worldbank.org/indicator/NY.GDP.MKTP.PP.CD?locations=IN-CN-BD-PK

 

[Indika]

It does. Beside being symbol of development and prosperity, these services add to productivity and productivity adds to GDP.

Not always it makes no difference to catch a flight to place which is 100kms away which can be reached by a road in an hour or so. Sometimes such complex systems add more overhead than benefit it gives.