India, China growth race 'silly', says Nobel winner

[RoYaL~GuJJaR]

So that means Japan is 12 times ahead than China. Israel is 70 times ahead than China. First you decide the criteria, Then ask question.

Bang on!

 

[RockyX]

India also has about 8 times the population of Pakistan that you seem to forget. For the past 50 years in both countries existence, Pakistan grew at a faster rate than India, had higher GDP per capita levels than India, comparable to South Korea. For the first time in history, when Pakistan is in the forefront of the international WOT, India gets the chance to progress, & Indians want to compare themselves to China
[/IMG]

So as per your Criteria, Israel is one of the richest country in the world. GDP 220 Billion $. Population 7.5 Million. Means Israel is 60 times ahead than China and 30 Times ahead than Pakistan. Hence, Pakistan is ahead than China. Enjoy !!

 

[IndoCarib]

Of course it is the US trying to prop up India, as they're threatened by China, but not India.

Ok, Now you are singing a different tune. I understand it may be difficult for you to admit !

 

[RoYaL~GuJJaR]

If Indians compare themself with china as a nation(economically)!

Then why arse of some people here is burning?? lol

---------- Post added at 11:42 PM ---------- Previous post was at 11:41 PM ----------

Ok, Now you are singing a different tune. I understand it may be difficult for you to admit !

Hahahah....You hit the Nerve man

 

[53fd]

Ok, Now you are singing a different tune. I understand it may be difficult for you to admit !

Who's singing a different tune? GDP per capita is one way to look at things. There are other socioeconomic indicators as well. In almost all socioeconomic indicators, India is comparable to Pakistan, not China. I suggest you look at my post rationally & in a calm manner.

 

[Manas]

China can have the heaven of prosperity.

We have democracy and freedom .

 

[jdme]

Sen doesn't want India and China compared so he wrote an article comparing two countries.

 

[IndoCarib]

Who's singing a different tune? GDP per capita is one way to look at things. There are other socioeconomic indicators as well. In almost all socioeconomic indicators, India is comparable to Pakistan, not China. I suggest you look at my post rationally & in a calm manner.

The bolded part is debatable. What is not debatable is this constant india china comparison by various media, whether you like or not !

 

[aakash_2410]

India also has about 8 times the population of Pakistan that you seem to forget. For the past 50 years in both countries existence, Pakistan grew at a faster rate than India, had higher GDP per capita levels than India, comparable to South Korea. For the first time in history, when Pakistan is in the forefront of the international WOT, India gets the chance to progress, & Indians want to compare themselves to China

Yeah we all know
When it gained independence in 1947 from UK. Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual real GDP growth rates were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower growth in the second half of that decade.
During the 1960s, Pakistan was seen as a model of economic development around the world, and there was much praise for its economic progression. Karachi was seen as an economic role model around the world.

While growth rate of the socialist economy of India before 1991, which stagnated around 3.5% from 1950s to 1980s, while per capita income growth averaged 1.3%. and blah blah blah


And that's where per capita GDP comes into play:

Current: Future: [2050]
India: $1265 $20,826
Pakistan: $965 $7,066

 

[53fd]

The bolded part is debatable. What is not debatable is this constant india china comparison by various media, whether you like or not !

Debate it. Want me to show you the list of all the socioeconomic indicators that India is comparable to Pakistan in? Maybe you can show me all the indicators that show India is comparable to China.

 

[jdme]

Who's singing a different tune? GDP per capita is one way to look at things. There are other socioeconomic indicators as well. In almost all socioeconomic indicators, India is comparable to Pakistan, not China. I suggest you look at my post rationally & in a calm manner.

I agree. India is atleast on par with Pakistan and actually pulling ahead. That in itself should displease you. Besides, as long as conditions in India are improving (they have, mostly in last 15 years), there is always light at the end of tunnel.

 

[RoYaL~GuJJaR]

Who's singing a different tune? GDP per capita is one way to look at things..

Why are you hell bent to compare your pakistan with India ??

Btw...If you wana measure everything with per capita thingy..then by that...China is not even comparable to japan? US?

Heck by that logic even China is comparable with countries like Iran,algeria,angola,jordan,thailand. kazhakistan etc etc...and all these countries i have mentioned have higher GDP per capita then china!

Stay on your words now! Wana be smart a**!

 

[53fd]

Yeah we all know
When it gained independence in 1947 from UK. Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual real GDP growth rates were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower growth in the second half of that decade.
During the 1960s, Pakistan was seen as a model of economic development around the world, and there was much praise for its economic progression. Karachi was seen as an economic role model around the world.

While growth rate of the socialist economy of India before 1991, which stagnated around 3.5% from 1950s to 1980s, while per capita income growth averaged 1.3%.


And that's where per capita GDP comes into play:

Current: Future: [2050]
India: $1265 $20,826
Pakistan: $965 $7,066

Projections are assumptions, they hardly come out true in most cases anyways.

 

[jdme]

China can have the heaven of prosperity.

We have democracy and freedom .

Tell that to millions of hungry people. They know neither freedom or democracy. You can call it epic failure of democracy that Indian government enforced socialist agenda on India (still does) and kept India a pauper nation.

 

[MrProudIndian]

What race?

India is currently slowing down to 7% growth, despite all the boasting.

Both Turkey and Argentina are growing faster than that.

Grow up some sense..that downgrade in growth was controlled...it was done by RBI to tackle high interest rates and inflation,with the kind of market India possesses its easy to maintain ~9% growth rate,but you have to slow it down for a short period to curb other things,predictions for next FY is 8.7-9% oready