India keeps growing faster than China

[INDIAPOSITIVE]

India keeps growing faster than China
BYASIA UNHEDGEDonNOVEMBER 30, 2015inASIA UNHEDGED,CHINA,SOUTH ASIA

India continues to pull ahead of China as the world’s fastest-growing big economy on a surge in third-quarter manufacturing output.

For the three months ended Sept. 30, India’s gross domestic product grew 7.4% from a year earlier, according to government datareleased Monday.


Indian factory workers

This matched the 7.4% median forecast of economists polled by The Wall Street Journal. It was a significant jumped from the 7.0% growth posted in the second quarter. China’s GDP grew 6.9% in the third quarter.

Over the period from July to September, manufacturing output jumped 9.3%, up from 7.2% in the second quarter. Growth in financing and insurance services growth climbed to 9.7% from 8.9%.

However, growth in farm production only edged up to 2.2% from 1.9% the previous quarter and growth slowed in trading and hotel services to 10.6% from 12.8%

As one of the major economies of the emerging markets, known as the BRICS, India stood out as an outperformer, while Brazil, Russia and China have all struggled this year. The Indian people seem much more optimistic about the future following last year’s election of Minister Narendra Modi.

Modi ran on a platform of making it easier to do business in India.

“We believe that the Indian economy will remain a growth outperformer in Asia in 2016,” Chua Han Teng, Asia analyst at BMI Research told the Wall Street Journal. “Macroeconomic prospects are brighter under Prime Minister Narendra Modi’s administration due to an improvement in the business environment.”


India keeps growing faster than China | Asia Times

 

[Srinivas]

India will hit double digit growth and this will be sustained for more than 4 decades

 

[PatriotLover]

Can members clarify a few things.

When did India open up its economy vs when did China open up its economy?

Is the gap same NOW as the gap between India and China in developmental/economic terms.

Eg. If China opened up its economy 20 years before India did, is Indias pesent GDP the same as Chinas GDP 20 years back?

I am not trolling, just interested in know if the GDP/developmental gap increasing or not.

 

[Beast]

India will hit double digit growth and this will be sustained for more than 4 decades

If you feel happy, that will do

 

[Srinivas]

Can members clarify a few things.

When did India open up its economy vs when did China open up its economy?

Is the gap same NOW as the gap between India and China in developmental/economic terms.

Eg. If China opened up its economy 20 years before India did, is Indias pesent GDP the same as Chinas GDP 20 years back?

I am not trolling, just interested in know if the GDP/developmental gap increasing or not.

India opened up economy 15 years after China and check the GDP of china in early 2000's it is the same !

 

[PatriotLover]

India opened up economy 15 years after China and check the GDP of china in early 2000's it is the same !

So the gap is same 15 years today. Any data on poverty for both China and India in the same gap measuring way?

 

[Stannis Baratheon]

Chinese economy is just going through a phase where the government regulates more on environmental issues. Also, since we are doing comparison between India's economy vs China's economy, let's remember that the Chinese economy is 5 times that of India's. And their government spending is much greater than India's whole GDP.

 

[jung41]

So the gap is same 15 years ty. Any data on poverty for both China and India in the same gap measuring way?

We are not competiting China . India is working for their own peoples interest and is progressing enough to beat beggars one day

 

[Providence]

So the gap is same 15 years today. Any data on poverty for both China and India in the same gap measuring way?

Well unfortunately, this is a very tacky question and cannot be answered with any numbers. Poverty is inherently related to national wealth which does not have any direct correlation with national income.


E.g. China has an extremely skewed income distribution but the wealth distribution is pretty decent !

 

[Chika_Pika]

If you feel happy, that will do

Good start for your lot

 

[PatriotLover]

Well unfortunately, this is a very tacky question and cannot be answered with any numbers. Poverty is inherently related to national wealth which does not have any direct correlation with national income.


E.g. China has an extremely skewed income distribution but the wealth distribution is pretty decent !

Sustained difference is quite interesting to me. I wanted to apply the same logic for Pakistan. Pakistan was well ahead of India in per capita basis and developmental indicators up untill quite recently. Terrorrism and other factors stalled our growth and thus India recently overtook us. Now as terrorism decreases, economic prospects look good, I was trying to understand if it is possible for us to reduce this gap and catch up and overtake India.

 

[Providence]

Sustained difference is quite interesting to me. I wanted to apply the same logic for Pakistan. Pakistan was well ahead of India in per capita basis and developmental indicators up untill quite recently. Terrorrism and other factors stalled our growth and thus India recently overtook us. Now as terrorism decreases, economic prospects look good, I was trying to understand if it is possible for us to reduce this gap and catch up and overtake India.

Pakistan has a very different economic structure than india. I suppose every country need their own regulatory body to channelize sector growth. Pakistan unfortunately have to find their own still.. And I don't see why a resource rich country like pak cannot surpass a huge but less agile country like India..
Post Doctoral education is the key !

 

[Vedicity]

So the gap is same 15 years today. Any data on poverty for both China and India in the same gap measuring way?

This is a common fallacy. Let's not make our Hindu friends excited over this.

The gap between India and China is 15 years IF India can grow as fast as China has grown in the past 15 years.

China has averaged over 11% growth in the past 15 years.

But can India grow at 11% a year for 15 years? India has grown only around 7% a year in the past two decades.

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Let's do some simple math:

China's GDP is around 11.4 Trillion US dollars, which is 5.2 times larger than India's GDP.

Let's very generously assume India can grow at 10% a year, it will take 17 years for India to catch to where China is today.

But as I said, India has only managed 7% annual growth in the past 20 years.

If India grows at 7%, which is her actual long-term performance, it will take India 25 years to reach where China is today.

Of course, China is still growing. At China's current growth rate the trajectory, Chinese GDP increases by 900 billion US dollars every year, equivalent to 40% of India's GDP.

The gap between India and China is actually INCREASING every year.

In other words, India is not catching up with China. India is actually falling further behind.

So please, Hindutvas, stop dreaming. India should try to catch up with Brazil, which is a more realistic goal.

 

[Azadkashmir]

if you want to develop quick then you need to stop all your intellectuals going abroad for work, have database of all best thinkers intellectuals and teachers etc. then round them up put them to work. nazi-communist style. education need to be free an real quality. at same time bring blueprints and complete factories over to India. maybe on the sly when the international bankers are not looking setup national bank print you own currency debt free, do barter trade too and barter pay work, start gold and silver coins to. India has plenty of sun light solar factory with r and d, taxes will pay for solar on houses and solar will feed back into the grid. corruption you need intel agency to track down biggest fat cats first and slaughter them in public for horror affect and make crowd happy thus this makes them loyal to you.

 

[Vedicity]

if you want to develop quick then you need to stop all your intellectuals going abroad for work, have database of all best thinkers intellectuals and teachers etc. then round them up put them to work. nazi-communist style. education need to be free an real quality. at same time bring blueprints and complete factories over to India. maybe on the sly when the international bankers are not looking setup national bank print you own currency debt free, do barter trade too and barter pay work, start gold and silver coins to. India has plenty of sun light solar factory with r and d, taxes will pay for solar on houses and solar will feed back into the grid. corruption you need intel agency to track down biggest fat cats first and slaughter them in public for horror affect and make crowd happy thus this makes them loyal to you.

What you are asking for is impossible. India is a lazy cow. You cannot ask a cow to become a lion and be bold and decisive.