India: the emerging Asian Super Power

[Indos]

My queries are as below:

1. With a smaller population, ASEAN is far bigger economy than India by all means e.g. GDP, trade volume, GDP/capita, fiscal reserves. ASEAN is financially far more powerful.
2. ASEAN is much more industrialized. In terms of Industrial GDP Indonesia alone is about the same as India, not to mention ASEAN which also include manufacturing powerhouse Thailand, microchip hub Malaysia & world financial center Singapore. Just the 5 founders of ASEAN have manufacturing added 2.3 times that of India (WB2013, $515 bn vs $223 bn). While India is an agricultural dominated economy (17.4% of GDP, one of the highest in the world which average at 5.9%).
3. In terms of security, with a strong tech/industrial base ASEAN can produce basic weaponry, and with powerful financial resources they are no short of top notch weaponry supplies from overseas e.g. F-15SG, F-16 Block 52/60, FA-18D Su-27, Su-30MKM, Mig-29, SSK Type-218SG, SSK Chang Bogo Class. Future weapons will include F-35, KFX/IFX 4.5G jets, etc. Moreover there is ANZUS, and bi-lateral co-ops between ASEAN with other UNSC P5 countries, Japan, SK.
4. Other advantages possessed by ASEAN includes education, natural resources, ASEAN + 3 (CN/JP/SK) FTA, etc.

How will India being an agricultural-dominated economy interact with a economically bigger, far more wealthier, much more industrialized, and militarily more modernized ASEAN?

@Indos @madokafc @Nan Yang @somsak

Very Nice...........

 

[Luca1]

My queries are as below:

1. With a smaller population, ASEAN is far bigger economy than India by all means e.g. GDP, trade volume, GDP/capita, fiscal reserves. ASEAN is financially far more powerful.
2. ASEAN is much more industrialized. In terms of Industrial GDP Indonesia alone is about the same as India, not to mention ASEAN which also include manufacturing powerhouse Thailand, microchip hub Malaysia & world financial center Singapore. Just the 5 founders of ASEAN have manufacturing added 2.3 times that of India (WB2013, $515 bn vs $223 bn). While India is an agricultural dominated economy (17.4% of GDP, one of the highest in the world which average at 5.9%).
3. In terms of security, with a strong tech/industrial base ASEAN can produce basic weaponry, and with powerful financial resources they are no short of top notch weaponry supplies from overseas e.g. F-15SG, F-16 Block 52/60, FA-18D Su-27, Su-30MKM, Mig-29, SSK Type-218SG, SSK Chang Bogo Class. Future weapons will include F-35, KFX/IFX 4.5G jets, etc. Moreover there is ANZUS, and bi-lateral co-ops between ASEAN with other UNSC P5 countries, Japan, SK.
4. Other advantages possessed by ASEAN includes better educated work-force, natural resources, ASEAN + 3 (CN/JP/SK) FTA, etc.

How will India being an agricultural-dominated economy interact with a economically bigger, far more wealthier, much more industrialized, and militarily more modernized ASEAN?

@Indos @madokafc @Nan Yang @somsak

India will soon has a bigger economy per capita than ASEANS with newer calculation.

 

[Bornubus]

My queries are as below:

1. With a smaller population, ASEAN is far bigger economy than India by all means e.g. GDP, trade volume, GDP/capita, fiscal reserves. ASEAN is financially far more powerful.
2. ASEAN is much more industrialized. In terms of Industrial GDP Indonesia alone is about the same as India, not to mention ASEAN which also include manufacturing powerhouse Thailand, microchip hub Malaysia & world financial center Singapore. Just the 5 founders of ASEAN have manufacturing added 2.3 times that of India (WB2013, $515 bn vs $223 bn). While India is an agricultural dominated economy (17.4% of GDP, one of the highest in the world which average at 5.9%).
3. In terms of security, with a strong tech/industrial base ASEAN can produce basic weaponry, and with powerful financial resources they are no short of top notch weaponry supplies from overseas e.g. F-15SG, F-16 Block 52/60, FA-18D Su-27, Su-30MKM, Mig-29, SSK Type-218SG, SSK Chang Bogo Class. Future weapons will include F-35, KFX/IFX 4.5G jets, etc. Moreover there is ANZUS, and bi-lateral co-ops between ASEAN with other UNSC P5 countries, Japan, SK.
4. Other advantages possessed by ASEAN includes better educated work-force, natural resources, ASEAN + 3 (CN/JP/SK) FTA, etc.

How will India being an agricultural-dominated economy interact with a economically bigger, far more wealthier, much more industrialized, and militarily more modernized ASEAN?

@Indos @madokafc @Nan Yang @somsak

Wrong Data

Indian GDP is now $2.3 trillion

 

[Icewolf]

Emerging? India is already a superpower fools.

 

[scholseys]

Indians want to be a superpower but are lazy and not willing to put in the work, even Bangladesh has better sanitation than India. Indians are all moo, no milk, I even used a Gao Mata reference...

 

[Shotgunner51]

Wrong Data
Indian GDP is now $2.3 trillion

The data was 2012-2013 by East-West Center, ASEAN was much bigger than India in GDP. Please show your source link of data or this will be disinformation (@waz @Horus @Oscar )

According to most updated numbers from IMF (International Monetary Fund)
World Economic Outlook Database, April 2015
Report for Selected Countries and Subjects

ASEAN is $2,451,562 million, 20% bigger than
India's $2,049,501 million

Country GDP ($M)
Indonesia 888,648
Thailand 373,804
Malaysia 326,933
Singapore 308,051
Philippines 284,927
Vietnam 170,565
Burma 56,759
Brunei 16,214
Cambodia 15,659
Laos 10,002
---------------------------
ASEAN 2,451,562
​

 

[AndrewJin]

The data was 2012-2013 by East-West Center, ASEAN was much bigger than India in GDP. Please show your source link of data or this will be disinformation (@waz )

According to most updated numbers from IMF (International Monetary Fund)
World Economic Outlook Database, April 2015
Report for Selected Countries and Subjects

ASEAN is $2,451,562 million, 20% bigger than
India's $2,049,501 million

View attachment 217193

Country GDP ($M)
Indonesia 888,648
Thailand 373,804
Malaysia 326,933
Singapore 308,051
Philippines 284,927
Vietnam 170,565
Burma 56,759
Brunei 16,214
Cambodia 15,659
Laos 10,002
---------------------------
ASEAN 2,451,562
​

East Asia-ASEAN can form a complete manufacturing chain. And there are some of the most important markets, China, Japan, South Korea, ASEAN.

 

[Shotgunner51]

India will soon has a bigger economy per capita than ASEANS with newer calculation.

Even with special treatment, it will be difficult to match other economies since India (bulk of South Asia) has world's lowest GDP per capita ~$1600 which is lowest, even lower than Sub-Saharan Africa.

Check numbers from World Bank:

 

[AndrewJin]

Very Nice...........

Indonesia and other ASEAN countries are the real future. Much better infrastructure, much better work ethics, much more educated labour...ASEAN+East Asia, the engine of the world.

 

[Shotgunner51]

East Asia-ASEAN can form a complete manufacturing chain. And there are some of the most important markets, China, Japan, South Korea, ASEAN.

Yes. Let's check the weight of agriculture in the economy.

Out of world's 35 larger economies, India tops the world in % of GDP in agriculture sector at 17.9% (way higher than world average of 5.9%), with 2014 output of $356,319 million (surpassing USA, Indonesia & Brazil), understandable for a 1.25B population. India is basically an agricultural economy.

China's agricultural GDP is $942,859 million, tops the world in absolute size, 2.6 times of India. But is only 9.1% of overall GDP since China's industrial GDP is gigantic at $4,413,825 million (which also tops the world in absolute size, 33% bigger than USA, 8.4 times of India)

List of countries by GDP sector composition - Wikipedia, the free encyclopedia

 

[AndrewJin]

Yes. Let's check the weight of agriculture in the economy.

Out of world's 35 larger economies, India tops the world in % of GDP in agriculture sector at 17.9% (way higher than world average of 5.9%), with 2014 output of $356,319 million (surpassing USA, Indonesia & Brazil), understandable for a 1.25B population. India is basically an agricultural economy.

China's agricultural GDP is $942,859 million, tops the world in absolute size, 2.6 times of India. But is only 9.1% of overall GDP since China's industrial GDP is gigantic at $4,413,825 million, tops the world in absolute size, 33% bigger than USA, 8.4 times of India.

With more investment in corporate agriculture and hi-tech agriculture, we will see the absolute size of China's agricultural GDP continuously growing but a sharper decrease in it's percentage of total GDP.

Less agricultural population but high yielding!

With a smaller population, ASEAN is far bigger economy than India by all means e.g. GDP, trade volume, GDP/capita, fiscal reserves. ASEAN is financially far more powerful.

The first time I know ASEAN surpasses India in GDP...

 

[Shotgunner51]

With more investment in corporate agriculture and hi-tech agriculture, we will see the absolute size of China's agricultural GDP continuously growing but a sharper decrease in it's percentage of total GDP.
Less agricultural population but high yielding!

Yes, in agriculture sector, China is close to 1 trillion (2014 GDP @ $942,859 million), thanks to mechanization and application of other techs, and infrastructure. Despite massive urbanization, China is expected to continue growing in this sector with massive use of IT/tech/machinery and refinement of infrastructure (power grid, hydro engineering, waste treatment), though the weight in overall GDP (2014 @ 9.1%) will continue to drop. You mat start a new thread on agriculture for in-depth discussion.

 

[Aepsilons]

With more investment in corporate agriculture and hi-tech agriculture, we will see the absolute size of China's agricultural GDP continuously growing but a sharper decrease in it's percentage of total GDP.
View attachment 217198
Less agricultural population but high yielding!


The first time I know ASEAN surpasses India in GDP...

The high efficiency and high effectiveness of China's agricultural sector is due in part to corporate management of these farms, which have reduced the burden on individual farming communities. Higher yield with less barriers. Definitely something that India can emulate in the future.

 

[migflug]

Its stupid to think india as a super power but yes it is has a potential to become a great economic power. Its demography supports it.

 

[AndrewJin]

The high efficiency and high effectiveness of China's agricultural sector is due in part to corporate management of these farms, which have reduced the burden on individual farming communities. Higher yield with less barriers. Definitely something that India can emulate in the future.

Yes. Still, China's agriculture hasn't reaches the set goal, how I envy the arable land of India and US.
China and Japan have the same challenge, no enough arable land and too many mountains. To provide Chinese and Japanese with adequate food is a incentive for China and Japan to invest more in agricultural technology.