India is now a $ 3.1 trillion economy

[xuxu1457]

GDP -2019 -- 2020 -- 2021（trillion$）
india - 2.87 -- 2.67 -- 3-3.1 +0.24trillion
US --- 21.4 -- 20.9 -- 22.6 +1.2trillion
China 14.28 -- 14.7 -- 16.7 +2.4trillion

 

[FuturePAF]

The problem is how can India create jobs for those with minimal education. Agriculture jobs cannot create much cash income to support a closed circuit economy. The three driving of economy are investment, export and consumption. Labor intensive export oriented manufacturers is the key.

The labor intensive industries require technological modernization. Why would these countries give technology to India in a down market. India won’t get the opportunity China got. The west has learned and can’t endure another generation hollowed out.

 

[Maira La]

Both India and Africa continents house same similar sized population (~ 1.3 - 1.4 billion) and are similar sized economies (~ 2.8 - 3 trillion), which on per capita basis is best described by 1 word -> misery.

 

[beijingwalker]

Too early to make any prediction in the volatile time, could be another negative growth year

Coronavirus: Week of Jan. 2 to Jan. 8, India's new cases hit 7-months high

Citigroup to fire vaccine holdouts this month; Tokyo's Ueno Zoo to close for January

asia.nikkei.com

 

[Faqirze]

GDP doesn't mean shit when your an overpopulated shithole, GDP per person is what actually matters. Even war torn and developing countries like Syria and Iraq perform much better then you in that aspect. If only you idiots actually understood how basic economics work.

Stick to waddling in the shit filled Ganges and comparing yourselves with other fragile shitholes like Pakistan, maybe that will boost your fragile ego. supa powa by 2025

 

[Falcon26]

India is a poor performing nation. China with a similar population as India has a GDP of $18-trillion.

Heck, Turkey with a population of just 84-million has a GDP of $720-billion against India’s 1.3-trillion. The population of India is 1.3-billion.

GDP -2019 -- 2020 -- 2021（trillion$）
india - 2.87 -- 2.67 -- 3-3.1 +0.24trillion
US --- 21.4 -- 20.9 -- 22.6 +1.2trillion
China 14.28 -- 14.7 -- 16.7 +2.4trillion

So between 2019-2021, China added an economy as large as India’s entire GDP?

no competition really between China and India. Indians will compare themselves to Pakistan and Afghanistan to feel good, but objectively speaking, they are in the dust.

 

[beijingwalker]

India is a poor performing nation. China with a similar population as India has a GDP of $18-trillion.

Heck, Turkey with a population of just 84-million has a GDP of $720-billion against India’s 1.3-trillion. The population of India is 1.3-billion.


So between 2019-2021, China added an economy as large as India’s entire GDP?

no competition really between China and India. Indians will compare themselves to Pakistan and Afghanistan to feel good, but objectively speaking, they are in the dust.

In 2020, Guangdong province GDP $1.74 trillion, Jiangsu province $1.63 trllion, Shangdong province $1.16 trillion, .......

 

[aryobarzan]

 

[faithfulguy]

India is a poor performing nation. China with a similar population as India has a GDP of $18-trillion.

Heck, Turkey with a population of just 84-million has a GDP of $720-billion against India’s 1.3-trillion. The population of India is 1.3-billion.


So between 2019-2021, China added an economy as large as India’s entire GDP?

no competition really between China and India. Indians will compare themselves to Pakistan and Afghanistan to feel good, but objectively speaking, they are in the dust.

India GDP is 3 trillion. While China GDP grew by 2.4 trillion. For an Indian, 3 trillion is more than 2.4 trillion. So India has over over taken China as #1.


I can imaging an Indian paper or blogger taking my post and write an article to brag. Or create a video to proclaim Indian Supra Powa.

 

[Turingsage]

Its wonderful to see Chinese and their sycophantic Pakistani pom pom girls compare Chinese and Indian economies in the last 20 odd years.

How was China and India during 1945- 1970's before the US companies were offered slave labour, no land planning constraints, no environment laws, no union laws, no strikes, generous tax incentives and repatriation laws.
Absolute dictatorial control of all employees , their pay, working hours and no responsibility for health, vacations, working conditions etc.
The US and Western capitalists hit the jackpot and moved en-masse to the Chinese mainland for manufacturing.
China has reaped those rewards from the West besides the vast export market of the West and the theft of intellectual property

 

[Cheehg]

The labor intensive industries require technological modernization. Why would these countries give technology to India in a down market. India won’t get the opportunity China got. The west has learned and can’t endure another generation hollowed out.

Not exactly. Those industries mostly owned by Asian countries, western companies just buy and go. They don't want to own manufacturers. Bangladesh garments manufacturers either locally owned or by Chinese, Hongkong and Taiwanese companies. Garments, toys, plastic injection products are hardly high tech.

 

[faithfulguy]

Its wonderful to see Chinese and their sycophantic Pakistani pom pom girls compare Chinese and Indian economies in the last 20 odd years.

How was China and India during 1945- 1970's before the US companies were offered slave labour, no land planning constraints, no environment laws, no union laws, no strikes, generous tax incentives and repatriation laws.
Absolute dictatorial control of all employees , their pay, working hours and no responsibility for health, vacations, working conditions etc.
The US and Western capitalists hit the jackpot and moved en-masse to the Chinese mainland for manufacturing.
China has reaped those rewards from the West besides the vast export market of the West and the theft of intellectual property

People who open up manufacturing in China are Taiwanese or other Asian companies. Such as FoxConn or TSMC. And these companies do open factories in India. But they certainly won’t send female employees to India except to punish them.

 

[FuturePAF]

Not exactly. Those industries mostly owned by Asian countries, western companies just buy and go. They don't want to own manufacturers. Bangladesh garments manufacturers either locally owned or by Chinese, Hongkong and Taiwanese companies. Garments, toys, plastic injection products are hardly high tech.

It’s not these companies that I meant but the German Mittlestand type companies. Niche manufacturers of high quality products. Basically all the industries China is trying to catch up in under their 2025 initiative.

 

[Nan Yang]

View attachment 807130

Interesting.
Malaysia - $0.37T
Singapore - $0.38T

Don't know whether to cry or to laugh.

 

[applesauce]

Its wonderful to see Chinese and their sycophantic Pakistani pom pom girls compare Chinese and Indian economies in the last 20 odd years.

How was China and India during 1945- 1970's before the US companies were offered slave labour, no land planning constraints, no environment laws, no union laws, no strikes, generous tax incentives and repatriation laws.
Absolute dictatorial control of all employees , their pay, working hours and no responsibility for health, vacations, working conditions etc.
The US and Western capitalists hit the jackpot and moved en-masse to the Chinese mainland for manufacturing.
China has reaped those rewards from the West besides the vast export market of the West and the theft of intellectual property

roughly the same and as recently as 1990 china's gdp was only slightly ahead of india, 360 billion vs 320 billion.

and yes for the growth in the last 30 years, china paid in pollution and hard work.

but it did pay off. it has now gotten to the point where china is trading punches with the us.

and for all the issues you mentioned, india also suffered and continues to suffer them, yet has achieved comparatively pitiful growth for it.

india suffers them and gets little growth because its missing the other half of the ingredients.

sure low wages, lax environmental and employee protection laws help, but you also need

infrastructure, even in the 80s coastal china had decent roads, ports and basically on time trains
stable electricity
literate population so they can be easily taught light then later, heavy manufacturing (and i don't mean india style of literacy where writing your own name counts as literate, in china you need to know at least 2000 chinese characters to count - high schoolers normally know about twice that)
clear laws, india bureaucratic red tape is famous and differing laws between its provinces are a mess.

the west didn't go to china because they loved communism so much, its because literally no one else offered what china had on even a tenth of the scale.