India is losing the race: NY Times

[A.Rafay]

Who said race was on between china and India, china is way ahead only fools will be racing india with china.

 

[Wombat]

What are you a false flag chinese or Pakistani or what??

Chinese GDP was 2 + Trillion during the period 2006 and 2007 that is where India is now and fast catching up with China in GDP growth rate.
Chinese economy cannot maintain huge GDP growth as it grows but India has the potential to grow.

Chinese and the cheerleaders of Chinese here chest thump with stats nothing else do not matter for them.

India will grow steadily in sane manner unlike china.

As per World Bank , between 2004 and 2011 China's GDP rose from 1.83 trillion to 7.3 trillion. while India's rose from 721.5 billion to 1.8 trillion .

Before GFC there was more capital flow all around which is not the case anymore

You can see this in GDP growth from 2008-09 China grew from 4.52 trillion to 4.99trillion while India's GDP fell backward in 2007 to 1.22 trillion from 1.23 then rose up to 1.36 trillion in 2009.

Also you need to look at inward FDI ( foreign direct investment ) to compare the countries, between 2004-2011, China averages at about 91.5 billion per year while India about 24.25.

here are the number :-

From 2004 - 2011 ( per yr in billions of USD)

China :- 61 - 72 - 73 - 84 - 108 - 95 - 115 - 124
India : - 6 - 8 - 20 - 25 - 43 - 36 - 24 - 32

In 2012 china's inward FDI fell this mean money might flow into other Asian countries ( Vietnam, Indonesia etc) , but outward FDI [ Chinese spending money on other countries ( resource and market expansion ) ] is increasing ; targeted to hit 150 billion per yr from 2015 . This is good new for all around.

hence one of the reason why china getting cosier with India in recent times and is keen to be a good partner with India. this could benefit both counties.

Then there is also pegging of Chinese Yuan to dollar ( keeps import prices down ) , cheap manufactured goods ( at times flooding markets) which does create trade deficit / imbalance. It wont be possible to replicate this by India in the future.


nevertheless , China is still behemoth and has performed the largest economic transition in history and you are fooling yourself by saying India is 5 yrs behind China.

 

[Srinivas]

As per World Bank , between 2004 and 2011 China's GDP rose from 1.83 trillion to 7.3 trillion. while India's rose from 721.5 billion to 1.8 trillion .

Before GFC there was more capital flow all around which is not the case anymore

You can see this in GDP growth from 2008-09 China grew from 4.52 trillion to 4.99trillion while India's GDP fell backward in 2007 to 1.22 trillion from 1.23 then rose up to 1.36 trillion in 2009.

Also you need to look at inward FDI ( foreign direct investment ) to compare the countries, between 2004-2011, China averages at about 91.5 billion per year while India about 24.25.

here are the number :-

From 2004 - 2011 ( per yr in billions of USD)

China :- 61 - 72 - 73 - 84 - 108 - 95 - 115 - 124
India : - 6 - 8 - 20 - 25 - 43 - 36 - 24 - 32

In 2012 china's inward FDI fell this mean money might flow into other Asian countries ( Vietnam, Indonesia etc) , but outward FDI [ Chinese spending money on other countries ( resource and market expansion ) ] is increasing ; targeted to hit 150 billion per yr from 2015 . This is good new for all around.

hence one of the reason why china getting cosier with India in recent times and is keen to be a good partner with India. this could benefit both counties.

Then there is also pegging of Chinese Yuan to dollar ( keeps import prices down ) , cheap manufactured goods ( at times flooding markets) which does create trade deficit / imbalance. It wont be possible to replicate this by India in the future.


nevertheless , China is still behemoth and has performed the largest economic transition in history and you are fooling yourself by saying India is 5 yrs behind China.

China cannot grow double digits particularly when the wages are high and MNC's are looking for alternative manufacturing destinations like Vietnam and India.

1) At the same time Chinese population is 38 years average and India population is average is 28 years age.

2) As the Chinese economy expands the growth will be come lesser and lesser while India's economic growth rate will out pace china's growth as shown by the latest predictions in 2013 India has closed the growth rate will eventually out pace chinese growth rate.

3) At the same time we are heavily investing in Infrastructure and manufacturing sectors, Countries like Japan are showing interest to invest in India and are shifting their manufacturing plants here.

So all above points will eventually help India to grow.

By the way the GDP figures you are showing of China are debatable and some times exaggerated for various reasons.

Going by GDP (PPP) Indian economy will reach the size of Chinese economy in 5 years

The top 10 economies in 2020 - Rediff.com Business

India's growth model is different from China's so no problem for us.

 

[jayron]

There is really no competition between India and China in any field. They are miles ahead of us. But we really cannot compare with them and try to match them. India has its own way of developing and has to create reforms that will suit its system and society.

 

[Wombat]

China cannot grow double digits particularly when the wages are high and MNC's are looking for alternative manufacturing destinations like Vietnam and India.

1) At the same time Chinese population is 38 years average and India population is average is 28 years age.

2) As the Chinese economy expands the growth will be come lesser and lesser while India's economic growth rate will out pace china's growth as shown by the latest predictions in 2013 India has closed the growth rate will eventually out pace chinese growth rate.

3) At the same time we are heavily investing in Infrastructure and manufacturing sectors, Countries like Japan are showing interest to invest in India and are shifting their manufacturing plants here.

So all above points will eventually help India to grow.

By the way the GDP figures you are showing of China are debatable and some times exaggerated for various reasons.

Going by GDP (PPP) Indian economy will reach the size of Chinese economy in 5 years

The top 10 economies in 2020 - Rediff.com Business

India's growth model is different from China's so no problem for us.

I got the results from World bank , they lend pretty much to every country on this planet and I believe its more reputable than your Indian Media

1) median age of India is 25.9 while china is 35.9

2) yup dream on

3) agree! , but this investment doesn't mean India will outpace china in 5 yrs


Also , India's fiscal year GDP growth has be cut by everyone , however some are gentler while others are harsher

From HSBC
2013 :- 5.7 from 6.2
2014 :- 6.9 from 7.4

While china GDP is predicted grow to about 8.0 +

 

[scarcry]

I got the results from World bank , they lend pretty much to every country on this planet and I believe its more reputable than your Indian Media

1) median age of India is 25.9 while china is 35.9

2) yup dream on

3) agree! , but this investment doesn't mean India will outpace china in 5 yrs


Also , India's fiscal year GDP growth has be cut by everyone , however some are gentler while others are harsher

From HSBC
2013 :- 5.7 from 6.2
2014 :- 6.9 from 7.4

While china GDP is predicted grow to about 8.0 +

World Bank expects India, China to close GDP gap

Figures

 

[Wombat]

World Bank expects India, China to close GDP gap

Figures

Thanks and my bad! , didn't look at figures for 2015,

The World Bank expects that by 2015, the growth rate of China would be 7.9% and that of India 7%



Also I don't know how this is really significant , you need to run sustained GDP growth % higher than china to achieve GDP numbers, I still don't believe you can catchup with China's - GDP in 5 yrs or that India is only 5 yrs behind China.

look all isn't lost , India will differently edge up to china and ever surpass it some day for sure , but it cant/wont happen in 10-20 yrs.

Also it wont run the same race and in the same manner, so compering it is futile. China and India are 2 different types of demographic and don't have the same dynamics.

 

[Chinese-Dragon]

World Bank expects India, China to close GDP gap

Figures

The article says "India's growth is expected to inch closer to that of China in near future".

Considering that our base economy is 4 times larger than India's, you'll have to surpass our "percentage" growth rate by a significant margin if you want to catch up.

For example, 5% of 8 trillion is a lot more than 10% of 2 trillion. Even though the percentage growth rate is half, the base size of the economy makes an enormous difference.

 

[deepak.chauhan2312]

How can India be in same race as China...China started Economic boom in 70s and India started it in 90s so India is 20yrs behind China and China is a rabbit and India is tortoise, it can only wait for China to take a rest so it can coverup some gap thats all

 

[Icewolf]

India was in a race with China?

Like saying Somalia trying to compete with USA

How can India be in same race as China...China started Economic boom in 70s and India started it in 90s so India is 20yrs behind China and China is a rabbit and India is tortoise, it can only wait for China to take a rest so it can coverup some gap thats all

According to some, India is behind China 50 years on all factors

 

[kawaraj]

Can anybody Explain whats status of Pakistan Vs India and China ....Then it will Clear the hole thing.....

Can anybody Explain whats status of Pakistan Vs India and China ....Then it will Clear the hole thing.....

Don't bring a third nation in your race. We never brag we are a fast growing economy like you do. To te modest, India's GDP is only one fifth of China's, not any thing close to " China's is more than twice of Indian economy "as the article overstated....

 

[t_for_talli]

As per World Bank , between 2004 and 2011 China's GDP rose from 1.83 trillion to 7.3 trillion. while India's rose from 721.5 billion to 1.8 trillion .

Before GFC there was more capital flow all around which is not the case anymore

You can see this in GDP growth from 2008-09 China grew from 4.52 trillion to 4.99trillion while India's GDP fell backward in 2007 to 1.22 trillion from 1.23 then rose up to 1.36 trillion in 2009.

Also you need to look at inward FDI ( foreign direct investment ) to compare the countries, between 2004-2011, China averages at about 91.5 billion per year while India about 24.25.

here are the number :-

From 2004 - 2011 ( per yr in billions of USD)

China :- 61 - 72 - 73 - 84 - 108 - 95 - 115 - 124
India : - 6 - 8 - 20 - 25 - 43 - 36 - 24 - 32

In 2012 china's inward FDI fell this mean money might flow into other Asian countries ( Vietnam, Indonesia etc) , but outward FDI [ Chinese spending money on other countries ( resource and market expansion ) ] is increasing ; targeted to hit 150 billion per yr from 2015 . This is good new for all around.

hence one of the reason why china getting cosier with India in recent times and is keen to be a good partner with India. this could benefit both counties.

Then there is also pegging of Chinese Yuan to dollar ( keeps import prices down ) , cheap manufactured goods ( at times flooding markets) which does create trade deficit / imbalance. It wont be possible to replicate this by India in the future.


nevertheless , China is still behemoth and has performed the largest economic transition in history and you are fooling yourself by saying India is 5 yrs behind China.

Dude get the basics of mathematics
You cannot compare absolute gdp increment(in $ terms) if the one GDP figure is 4 times the other
In absolute terms gap will increase because the % is applied on the figure is many times larger

------------- China---------India
$0.5 Trillion---1994---------2002
$1 Trillion-----1998---------2007
$2 Trillion-----2005---------2013[E]

Its visible we are behind China but we have not given up the hope

 

[illusion8]

Don't bring a third nation in your race. We never brag we are a fast growing economy like you do. To te modest, India's GDP is only one fifth of China's, not any thing close to " China's is more than twice of Indian economy "as the article overstated....

1/4th to be exact, anyways India's will be along term plan - let's see how the situations stand in a decade and a half.

 

[Wombat]

Dude get the basics of mathematics
You cannot compare absolute gdp increment(in $ terms) if the one GDP figure is 4 times the other
In absolute terms gap will increase because the % is applied on the figure is many times larger

------------- China---------India
$0.5 Trillion---1994---------2002
$1 Trillion-----1998---------2007
$2 Trillion-----2005---------2013[E]

Its visible we are behind China but we have not given up the hope

Could you explain this a bit more , don't know what you meant ?

 

[Ayush]

Thanks and my bad! , didn't look at figures for 2015,

The World Bank expects that by 2015, the growth rate of China would be 7.9% and that of India 7%



Also I don't know how this is really significant , you need to run sustained GDP growth % higher than china to achieve GDP numbers, I still don't believe you can catchup with China's - GDP in 5 yrs or that India is only 5 yrs behind China.

look all isn't lost , India will differently edge up to china and ever surpass it some day for sure , but it cant/wont happen in 10-20 yrs.

Also it wont run the same race and in the same manner, so compering it is futile. China and India are 2 different types of demographic and don't have the same dynamics.

I agree.at the moment we are 10-20 years behinf china.and it will take us atleast 40-60 years to catch up with China.