India once again becomes 10th largest economy in the World

[Chinese-Dragon]

BTW am curious. According to the UN, the list is like this:

1 United States 14,447,100
2 China 5,739,358
3 Japan 5,458,873
4 Germany 3,280,334
5 France 2,559,850
6 United Kingdom 2,253,552
7 Brazil 2,088,966
8 Italy 2,051,290
9 India 1,722,328
10 Canada 1,577,040
11 Russia 1,479,823

Any idea how these guys calculate? India is 9th and Russia drops down to 11th?!

This is 2010 data.

In 2010, China's GDP was around 5.8 trillion. In 2011 it increased to 7.3 trillion.

The large increase was partially due to the strengthening of the Yuan against the dollar.

India's GDP ranking fell from 9th in 2010 to 11th in 2011 for the opposite reason, i.e. the weakening of the Rupee.

 

[Jade]

I dont think its difficult to pass Italy, France, UK, Russia and Brazil. The challenge will be to pass Germany and then Japan. These two countries have a tremendous industrial base and it would need some real hard work to get up there ahead of them. All these European countries have lagging economies, so they will eventually lose out. Only Germany is strong in EU. As for Russia, we are not that far, if you see those figures. I think next year we'd be able to pass Russia. The difference is not that much. Its only 24000 dollars. And their GDP growth only 4.3%. If India can clock something around 6% for a couple years, we can overtake them.

BTW am curious. According to the UN, the list is like this:

1 United States 14,447,100
2 China 5,739,358
3 Japan 5,458,873
4 Germany 3,280,334
5 France 2,559,850
6 United Kingdom 2,253,552
7 Brazil 2,088,966
8 Italy 2,051,290
9 India 1,722,328
10 Canada 1,577,040
11 Russia 1,479,823

Any idea how these guys calculate? India is 9th and Russia drops down to 11th?!

I would take IMF seriously than UN when it comes to GDPs

 

[Jade]

I think India should have crossed France and be in top 5 in next 5 years. Most countries are stagnated in the list apart from China, India and Brazil, hence should not take a lot effort

 

[Chinese-Dragon]

Brazil is expected to grow at 1.5% this year.

Down from the 2.7% annual growth rate in 2011.

Brazil economists cut 2012 growth forecast to 1.5% - Wall Street Journal

 

[Shardul.....the lion]

We need good infrastructure and huge manufacturing industries to sustain even current growth rate and to feed huge population. Lets hope high FDI and manufacturing industries come to India to make their base.

 

[IND151]

^^ i think GOI is considering more reforms

These reforms and gaining of INR against dollar will eventually make our economy stronger; though with growth, it will be difficult to control inflation

 

[IND151]

Brazil is expected to grow at 1.5% this year.

Down from the 2.7% annual growth rate in 2011.

Brazil economists cut 2012 growth forecast to 1.5% - Wall Street Journal

1.5%!!!!

this is very low GDP growth rate

 

[danger007]

Venezuela´s GDP - per capita (PPP) is $12,400 (2011 est.), compared to China´s $8,400.
So if judged by number, China is poorer.

But is there anyone from you who wants to visit Venezuela capital - Caracas? If yes, you are a lucky guy, who survives and is still alive.

what it suppose to do with this thread.... Bro you can find plenty threads to fight.....
It doesn't matter how per capita you got, china gdp is 20 times higher than vietnam..... Ok

 

[fgdrey189]

I think India can overtake US as the biggest economy in the world tomorrow as long as India makes their rupee rise strongly to 1 against the US dollar tonight.

 

[kawaraj]

I think India can overtake US as the biggest economy in the world tomorrow as long as India makes their rupee rise strongly to 1 against the US dollar tonight.

You have the sense of humor

 

[soumya1989]

You have the sense of humor

why did you open this dead thread?

 

[IND151]

Update: latest reports tell India has 1.946 trillion dollar GDP now

https://www.google.co.in/url?sa=t&r...oujIIMbzIxSy-lTdQZ7eiMQ&bvm=bv.47244034,d.bmk

 

[IND151]

https://www.google.co.in/url?sa=t&r...poDYBw&usg=AFQjCNEPyq0YRxAa2TSvuRDdWRLUIAUieg