India On Track To Knock Britain Out Of World's Top 5 Economies

[Blue Marlin]

lol why you become troll? so you are pak origin...

i dont care what you say about pakistan, but the uk...........

 

[Mangus Ortus Novem]

Firstly, any progress that advances the Human Condition anywhere is a great thing and must be celeberated.

Good job india. Keep moving forward and elevate your citizens to a better life they deserve.

The sum total of ASEAN, Japan, Korea and China is bigger than the enitre EU combined and some more...

If one adds the sum total of South Asians, india being the biggest, it is huge...

When South West/West Asia, Pak, GCC and Iran, along with EEU is added...the combined total of this pan Asian economic landscape is mind boggling.


If all posters, just for a moment, leave their autopiloted nationlism aside, just look at this pan Asian Economic landscape...

Apart from JP and SK/Singapore... every country is a developing country...there is at least 5 decades of growth ahead...

Can anyone of you imagine the Total GDP of Pan Asia?

Along with systematic improvement of HDI and Pan Asian Spiritual Heritage... world can be a different place altogether. Without WW3 the power balance in the world can be restored by truly Peaceful means. Imagine!

Yet all Asians will fight and belittle each other and keep on benchmarking with Western economies and what not...

Why?

Economic growth is means towards an end... advancement / betterment of Citizens' Lives.

Otherwise, it is just accounting.

All the best to all Asian states, including india, to achieve their fullest potential.

The day Asians will start benchmarking with each other...would be the day that Asian will finally come out of their colonised minds, and would at last truely free.

How long will it take?

 

[Thorough Pro]

Can you stop tagging me in your posts, as informed multiple times in the past I am not interested in any india related news.

@mods @waz Can you stop him from spamming?

India On Track To Knock Britain Out Of World's Top 5 Economies
India's economy is still recovering from a cash ban that sucked out 86 percent of currency in circulation near the end of last year.
© 2017 Bloomberg L.P | Anirban Nag, Bloomberg | Last Updated: April 28, 2017 09:53 (IST)
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Highlights

1. According to IMF projections, India will overtake German economy in 2022
2. But there are many challenges for India to get to that position
3. Implementation of GST and bad loan pile at banks are biggest among them

India will overtake Germany in 2022 as the world's fourth-largest economy and push Britain out of the top five, based on analysis of growth projections by the International Monetary Fund. But the challenges the South Asian nation must surmount to get there are many.

These include executing a wide-ranging overhaul of the tax system, sorting out the biggest pile of distressed assets among major economies, reviving lackluster productivity, substantially increasing employment opportunities, encouraging corporate investment and overcoming a significant infrastructure shortfall.

India's economy is still recovering from a cash ban that sucked out 86 percent of currency in circulation near the end of last year. And then there's the likely near-term disruptions from the implementation of a nationwide goods and sales tax; indeed the government has already missed an April deadline for putting the tax in place and is now working against the clock to meet its new July 1 goal.

While there is little doubt the GST will be beneficial in the long run, economists are concerned about India's banking system and the overall health of its public finances -- both seen as lightning rods for global credit agencies that already rate Indian debt just above "junk'' status.

Bad loans, restructured debt and advances to companies that can't service their debt have risen to about 16.6 percent of total loans, government data show. That spike in bad loans has forced banks to focus on recovering bad debts. As a result, loan growth has fallen to near record lows, posing a challenge to Prime Minister Narendra Modi's government as it seeks to revive investment and boost employment.

Apart from slowing investment, India's labor productivity has been weakening, limiting growth and employment opportunities.

Labor productivity per person employed eased from 10 percent in 2010 to 4.8 percent in 2016 as reforms sputtered. According to the International Labour Organisation, output per worker is projected at $3,962 for India in 2017, a fraction of Germany's $83,385.

Still, the potential remains. Ranking countries and regions on their gross domestic product, for 2017 and 2022 based on IMF forecasts, India, growing at 9.9 percent a year in nominal terms, will surpass Germany by 2022 as the world's fourth largest economy, with the U.K dropping out of the top five after 2017.

Some seven decades after independence, India may outshine its former colonial master.

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[waz]

There are more measures than simply GDP. The UK has 65 million people remember.

 

[padamchen]

There are more measures than simply GDP. The UK has 65 million people remember.

@waz you siding with Britain or secretly rooting for India as a desi expat and post colonial?

 

[peacefulguy]

Uk is the most undeserving country which hardly mfrs anything and is purely well off as a commission agent. Living of the sweat of others.

 

[padamchen]

Uk is the most undeserving country which hardly mfrs anything and is purely well off as a commission agent. Living of the sweat of others.

They've been living on royalty mode since they gave up their colonies.

 

[Paranoid Android]

Our inequality is too damm high..
But good is we are changing for good..

 

[Khan_21]

Uk is the most undeserving country which hardly mfrs anything and is purely well off as a commission agent. Living of the sweat of others.

Oh boy don't know where to start . You don't have to manufacture anything to be something . The most developed country in the world Norway is hardly a manufacturing giant .

 

[peacefulguy]

Important thing is the rate of growth is goid and in positive territory.
If only our govt depts like utilities and roads etc could also reflect the growth.

Oh boy don't know where to start . You don't have to manufacture anything to be something . The most developed country in the world Norway is hardly a manufacturing giant .

My point was that uk mfrs nothing substantial but has 80 % service industry which gets a cut for every financial transaction poor countries like pakistan or india makes.
Read about the libor manipulations made by their banks.
They have a undeserving stanglehold with their currencies and financial institutions with no productivity.

 

[Khan_21]

="peacefulguy, post: 9427970, member: 184555"
My point was that uk mfrs nothing substantial but has 80 % service industry which gets a cut for every financial transaction poor countries like pakistan or india makes.
Read about the libor manipulations made by their banks.
They have a undeserving stanglehold with their currencies and financial institutions with no productivity.

http://www.themanufacturer.com/uk-manufacturing-statistics/

Still the 9th biggest manufacturer in the world .

https://www.thelocal.de/20170327/made-in-germany-rated-most-loved-country-brand-worldwide

''Made in the UK '' is the fourth most sought after brand in the world . Its just you and your usual Indian insecurities on display .

 

[peacefulguy]

[QUOTE="Khan_21, post:

''Made in the UK '' is the fourth most sought after brand in the world . Its just you and your usual Indian insecurities on display .[/QUOTE]
As per your stats ..mfg is just 10 % of GVA of uk economy. So their high living std is due to the 90% contribution of service industry.
Also a poor 3rd world country like india is 6th in the list of top mfg countries as compared to uk at 9th.
Lets keep the discussion civil . I can also be quite foul mouthed .

 

[Avon]

This is happening because of Rupee appreciation by 5% in last few months. I wrote one article on it and now it is ha and it is happening now.

https://defence.pk/pdf/threads/indi...-economy-in-2-days-and-nobody-noticed.484549/

I hope you have included depreciation of pound as well. Exit from EU made it go on a roller coaster ride... Whereas India rupee is appreciating cos of macro economic conditions and yea GST too.

In the long run India will be no. 3 behind US and China both in economic and military terms. Today India is a poor country with only 20-30% of the country propelling the growth story so the potential is huge, imagine the whole country being part of the growth story

I love your imagination you stand by your name.

 

[Surya 1]

I hope you have included depreciation of pound as well. Exit from EU made it go on a roller coaster ride... Whereas India rupee is appreciating cos of macro economic conditions and yea GST too.

No when it was written, It was not written in the contest of bretain. But you are right, A study with multiple currencies would have made better sense.

 

[peacefulguy]

Gist of my argument is that uk is enjoying a high living std due to its service industry without getting its hands dirty like germany for eg . Taking commission for essentialky doing nothing is a dishonourable way to earn.