India to catch up with China? Stop deluding yourselves!

[AndrewJin]

A beggar on the street shouldn't compares with the richest Man ever!


For Greater China as a whole (without accounting for Macau) combined position surpasses US$ 3.82897 trillion, making her world's largest creditor nation.




India is a debtor nation, net IIP stood at US$ -353.1 billion at end 2016 Q2.
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38199



India lives by hot money and loans !!!

we should have a look at how a beggar lives on the street !!!

Poor people do not have debt, they beg on the filthy street.

(Global Wealth Report 2015)

 

[grey boy 2]

Day dreaming is not good for health
Cut to the Chase
Even if India grows at a faster clip, catching up with the Chinese economy will take a very long time.

Two reports released in quick succession last week - one from the World Bank and the other from its twin, the IMF - indicated that the India economy could start growing faster than the Chinese economy within a year or two.

The reports generated quite a lot of enthusiasm among cheerleaders of the government and the press in general. Most headline writers focused on India overtaking China in growth stakes. Many proclaimed that India would catch up with our northeastern neighbour soon. However, a reality check is in order here. The Chinese economy in 2014 was estimated to be around $10.355 trillion. It had reached that figure after almost 30 years of 10 per cent-plus growth. Sure, its growth had slowed down in the past couple of years. But even after slowing down, it notched up over 7 per cent growth in its worst year in two-and-a-half decades.

Meanwhile, the Indian economy stood at $2.047 trillion in 2014. It has never grown at over 10 per cent since Independence. Currently, its growth stands at 5.4 per cent. By 2017, it is expected to grow at over 7 per cent, provided everything works out properly, the government does not make any mistakes and the global economy does not slip back into recession anytime soon. Even then, given the sheer differences in the size of the two economies, it seems unlikely that India will catch up with China anytime soon, or even in a couple of decades.

To understand that, look at the chart Wide Gap. Assuming India grows at an average of 10 per cent over the next couple of decades from 2015 - and it is possible, given the Chinese economy managed to do so for a long period - the GDP of India in 2035 would still be at $15.15 trillion. Meanwhile, even if the Chinese economy slowed to 5 per cent during the same period, it would still be almost double the size of the Indian economy in that year. In fact, at a 10 per cent compounded growth rate, the Indian economy in 2035 would still be lower than the current US economy, which stood at $17.4 trillion in 2014.

Read more http://www.businesstoday.in/magazin...nese-economy-world-bank-imf/story/214979.html

 

[randomradio]

Employment you mean unofficial sector with absurdly low salary?

They are not absurdly low. Just last month you were talking about how Indian traders are arguing for increasing pay $269 per month as minimum wage from half that today. And you were complaining about how that is too much for 'Indian' productivity.

http://scroll.in/article/814382/des...-done-the-right-thing-by-hiking-minimum-wages

An unskilled labour will now be entitled to a minimum wage of Rs 14,052, up from Rs 9,568. For semi-skilled labourers, it has been revised from Rs 10,582 to Rs 15,471, while skilled labourers will get Rs 17,033, instead of the present Rs 11,622.

So for unskilled labour it's been revised to $210.

http://www.clb.org.hk/content/shanghai-gets-token-increase-minimum-wage

Shanghai increased its statutory minimum wage today by 8.4 percent to reach 2,190 yuan per month, making it the highest monthly minimum wage in the country. The hourly rate increased from 18 yuan to 19 yuan per hour.

That's just $325. In comparison, your minimum wages are too low when cost of essentials are more than two times that in India. To match Delhi's wages, Shanghai's wages should have been at least $550-650.

https://www.numbeo.com/cost-of-livi...try2=China&city2=Shanghai&displayCurrency=CNY

So you have far more poorly paid labourers out on the streets than India.

Yes, we are a creditor country.
Poor people on the street never borrow money.
They don't have assets, how to borrow?
lol.....
that man can really BS.

Do you even know what IIP means? It's just the amount of assets citizens have internationally. Being in the positive is not a good thing for emerging markets, it means there has been credit flight from the country. China has seen massive amounts of credit outflow in the last few years. So it means the Chinese are buying houses and other properties in foreign countries instead of spending in their own country. Why are you so proud about that? This is something for advanced economies to be proud about, not emerging countries like China or India.

And the debt figures speak for themselves. Bring debt down to the sustainable Indian levels, then we will talk. Otherwise your country is another Japan in the making. And at least Japan became a rich country before its economy tanked.

 

[endyashainin]

The Indians talk, talk, talk, and talk... I haven't met an Indian who is not an expert in everything. He will talk at length about something he is completely clueless about just to show how clever he is... Indians have an excuse for every failure and take credit for things others have achieved. They are such lazy time wasters. No wonder China has pulled far far ahead of India.

Indians talk while Chinese work, the results are night and day.

Will India be able build one city like Chongqing before 2116?

 

[AndrewJin]

Day dreaming is not good for health
Cut to the Chase
Even if India grows at a faster clip, catching up with the Chinese economy will take a very long time.

Two reports released in quick succession last week - one from the World Bank and the other from its twin, the IMF - indicated that the India economy could start growing faster than the Chinese economy within a year or two.

The reports generated quite a lot of enthusiasm among cheerleaders of the government and the press in general. Most headline writers focused on India overtaking China in growth stakes. Many proclaimed that India would catch up with our northeastern neighbour soon. However, a reality check is in order here. The Chinese economy in 2014 was estimated to be around $10.355 trillion. It had reached that figure after almost 30 years of 10 per cent-plus growth. Sure, its growth had slowed down in the past couple of years. But even after slowing down, it notched up over 7 per cent growth in its worst year in two-and-a-half decades.

Meanwhile, the Indian economy stood at $2.047 trillion in 2014. It has never grown at over 10 per cent since Independence. Currently, its growth stands at 5.4 per cent. By 2017, it is expected to grow at over 7 per cent, provided everything works out properly, the government does not make any mistakes and the global economy does not slip back into recession anytime soon. Even then, given the sheer differences in the size of the two economies, it seems unlikely that India will catch up with China anytime soon, or even in a couple of decades.

To understand that, look at the chart Wide Gap. Assuming India grows at an average of 10 per cent over the next couple of decades from 2015 - and it is possible, given the Chinese economy managed to do so for a long period - the GDP of India in 2035 would still be at $15.15 trillion. Meanwhile, even if the Chinese economy slowed to 5 per cent during the same period, it would still be almost double the size of the Indian economy in that year. In fact, at a 10 per cent compounded growth rate, the Indian economy in 2035 would still be lower than the current US economy, which stood at $17.4 trillion in 2014.

Read more http://www.businesstoday.in/magazin...nese-economy-world-bank-imf/story/214979.html

lol
I'm just wondering, how do the magic PPP-crazy indians pay their food and clothes?

How do the magically wealthy high-class indians in Mumbai and Dehli have such low life expectancy when people in Shanghai have 82.75 year old (2015) who have, according to many RSSers, lesser purchasing power?

Somebody should stop BS and making a drama of himself/herself.
Big mouth and delusion should not be one element of the national mentality.

 

[endyashainin]

lol
I'm just wondering, how do the magic PPP-crazy indians pay their food and clothes?
View attachment 344268 View attachment 344270 View attachment 344269

How do the magically wealthy high-class indians in Mumbai and Dehli have such low life expectancy when people in Shanghai have 82.75 year old (2015) who have, according to many RSSers, lesser purchasing power?

Somebody should stop BS and making a drama of himself/herself.
Big mouth and delusion should not be one element of the national mentality.

To an Indian, reality doesn't matter. Reality is not real; only what you believe is real. This is a central tenet of Hinduism. It's like Hindus never grow up mentally.

 

[randomradio]

How do the magically wealthy high-class indians in Mumbai and Dehli have such low life expectancy when people in Shanghai have 82.75 year old (2015) who have, according to many RSSers, lesser purchasing power?

It's simple. You don't let poor people stay in your major cities using the hukou system. We allow anybody to come in.

In India, there is no such system. Anybody from any part of the country with any social status can live in any part of India without being questioned by anybody.

Naturally when so many poor people live in Indian cities, they reduce those rosy numbers that the Chinese have pride in.

That's why China's internal migration is only 200 million while India's internal migration is 400 million.
http://timesofindia.indiatimes.com/...of-Indias-population/articleshow/24313033.cms

 

[endyashainin]

It's simple. You don't let poor people stay in your major cities using the hukou system. We allow anybody to come in.

In India, there is no such system. Anybody from any part of the country with any social status can live in any part of India without being questioned by anybody.

Naturally when so many poor people live in Indian cities, they reduce those rosy numbers that the Chinese have pride in.

That's why China's internal migration is only 200 million while India's internal migration is 400 million.
http://timesofindia.indiatimes.com/...of-Indias-population/articleshow/24313033.cms

It's true that Indians enjoy many freedoms that are unimaginable to the Chinese, or anyone else for that matter.

Indians are free to:
1) Live in slums.
2) Gang rape.
3) Urinate anywhere they please.
4) Defecate on the hillside.
5) Defecate on the beaches.
6) Defecate near temples.
7) Defecate on the railway tracks.
8) Talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk...


Anyway, moving on to a different track. It must have been a humbling experience for these Indian journalists to witness in person how far India has fallen behind China.

 

[AndrewJin]

To an Indian, reality doesn't matter. Reality is not real; only what you believe is real. This is a central tenet of Hinduism. It's like Hindus never grow up mentally.

I have said before, india will really develop only without their crazily religious mentality that cares about beef banning more than poverty alleviation of the low-caste.

To understand that, look at the chart Wide Gap. Assuming India grows at an average of 10 per cent over the next couple of decades from 2015 - and it is possible, given the Chinese economy managed to do so for a long period - the GDP of India in 2035 would still be at $15.15 trillion. Meanwhile, even if the Chinese economy slowed to 5 per cent during the same period, it would still be almost double the size of the Indian economy in that year. In fact, at a 10 per cent compounded growth rate, the Indian economy in 2035 would still be lower than the current US economy, which stood at $17.4 trillion in 2014.

The problem is, Western China, where prices are similar to india, is an economy of 2 trillion dollars with growth over 8% in H1 2016. The gap between india and Western China is getting bigger and bigger. Let alone the much more developed Central China and Coastal China.

The economy of China's top 2 provinces in the East is also a 2 trillion dollar economy, growing at 7-8%.

China is adding an entire india every 3 years, the gap is just getting bigger and bigger overtime.

It's true that Indians enjoy many freedoms that are unimaginable to the Chinese, or anyone else for that matter.

Indians are free to:
1) Live in slums.
2) Gang rape.
3) Urinate anywhere they please.
4) Defecate on the hillside.
5) Defecate on the beaches.
6) Defecate near temples.
7) Defecate on the railway tracks.
8) Talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk...


Anyway, moving on to a different track. It must have been a humbling experience for these Indian journalists to witness in person how far India has fallen behind China.

Hope they one day can live up to the level of the capital of China's poorest city.

In terms of countryside, here is a benchmark level in China's poorest province for reference
Penglai Village, Niuchang Autonomous Township of Buyi Minority

 

[boxer_B]

It's true that Indians enjoy many freedoms that are unimaginable to the Chinese, or anyone else for that matter.

Indians are free to:
1) Live in slums.
2) Gang rape.
3) Urinate anywhere they please.
4) Defecate on the hillside.
5) Defecate on the beaches.
6) Defecate near temples.
7) Defecate on the railway tracks.
8) Talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk, talk...

China's GDP figure includes most populous and happening cities like this

 

[boxer_B]

To an Indian, reality doesn't matter. Reality is not real; only what you believe is real. This is a central tenet of Hinduism. It's like Hindus never grow up mentally.

Chinese mental growth

 

[CHN Bamboo]

That's just $325. In comparison, your minimum wages are too low when cost of essentials are more than two times that in India.

Though the minimum salary is still low in Shanghai,middle class which accounts for 51% of population in Shanghai earned more than 219,770 yuan every year.
/*
由中国社会科学院社会学研究所组织撰写的社会蓝皮书在京发布。蓝皮书对北上广三大城市的中间阶层做出详细解读。

上海大学张海东教授就蓝皮书内容介绍说，调查结论显示，北京的中间阶层规模比例大约是55%，上海大约是51%，广州大约是42.5%。

北京的中间阶层收入最高，年收入为256016元。其次是上海中间阶层的年收入219770元，广州的中间阶层年收入最低，为170037元。
http://m.guancha.cn/society/2015_12_25_345887.shtml
*/

 

[randomradio]

https://hbr.org/2013/10/indias-secret-to-low-cost-health-care?=1

A renowned Indian heart surgeon is currently building a 2,000-bed, internationally accredited “health city” in the Cayman Islands, a short flight from the U.S. Its services will include tertiary care procedures, such as open-heart surgery, angioplasty, knee or hip replacement, and neurosurgery for about 40% of U.S. prices. Patients will have the option of recuperating for a week or two in the Caymans before returning to the U.S.

At a time when health care costs in the United States threaten to bankrupt the federal government, U.S. hospitals would do well to take a leaf or two from the book of Indian doctors and hospitals that are treating problems of the eye, heart, and kidney all the way to maternity care, orthopedics, and cancer for less than 5% to 10% of U.S. costs by using practices commonly associated with mass production and lean production.

The nine Indian hospitals we studied are not cheap because their care is shoddy; in fact, most of them are accredited by the U.S.-based Joint Commission International or its Indian equivalent, the National Accreditation Board for Hospitals. Where available, data show that their medical outcomes are as good as or better than the average U.S. hospital.

The ultra-low-cost position of Indian hospitals may not seem surprising — after all, wages in India are significantly lower than in the U.S. However, the health care available in Indian hospitals is cheaper even when you adjust for wages: For example, even if Indian heart hospitals paid their doctors and staff U.S.-level salaries, their costs of open-heart surgery would still be one-fifth of those in the U.S.

When it comes to innovations in health care delivery, these Indian hospitals have surpassed the efforts of other top institutions around the world, as we discussed in our recent HBR article. Today, the U.S. spends $8,000 per capita on health care; if it adopted the practices of the Indian hospitals, the same results might be achievable for a whole lot less, saving the country hundreds of billions of dollars.

A key to this is that, faced with the constraints of extreme poverty and a severe shortage of resources, these Indian hospitals have had to operate more nimbly and creatively to serve the vast number of poor people in need of medical care in the subcontinent. And because Indians on average bear 60% to 70% of health care costs out of pocket, they must deliver value. Consequently, value-based competition is not a pipe dream but a reality in India.

Three major practices have allowed these Indian hospitals to cut costs while still improving their quality of care.

A Hub-and-Spoke Design

In order to reach the masses of people in need of care, Indian hospitals create hubs in major metro areas and open smaller clinics in more rural areas which feed patients to the main hospital, similar to the way that regional air routes feed passengers into major airline hubs.

This tightly coordinated web cuts costs by concentrating the most expensive equipment and expertise in the hub, rather than duplicating it in every village. It also creates specialists at the hubs who, while performing high volumes of focused procedures, develop the skills that will improve quality. By contrast, hospitals in the U.S. are spread out and uncoordinated, duplicating care in many places without high enough volume in any of them to provide the critical mass to make the procedures affordable. Similarly, an MRI machine might be used four to five times a day in the U.S. but 15 to 20 times a day in the Indian hospitals. As one CEO told us, “We have to make the equipment sweat!”

U.S. hospitals have been developing similar structures, but there are still too many hubs and not enough spokes. Moreover, when hospitals consolidate, the motive often is to increase market power vis-à-vis insurance companies, rather than to lower costs by creating a hub-and-spoke structure.

Task Shifting

The Indian hospitals transfer responsibility for routine tasks to lower-skilled workers, leaving expert doctors to handle only the most complicated procedures. Again, necessity is the mother of invention; since India is dealing with a chronic shortage of highly skilled doctors, hospitals have had to maximize the duties they perform. By focusing only on the most technical part of an operation, doctors at these hospitals have become incredibly productive — for example, performing up to five or six surgeries per hour instead of the one to two surgeries common in the U.S.


This innovation has also reduced costs. After shifting tasks from doctors to nurse practitioners and nurses, several hospitals have even created a lower tier of paramedic workers with two years’ training after high school to perform the most routine medical jobs. In one hospital, these workers comprise more than half of the workforce. Compare that to the U.S. system, where the first cost-cutting move is often to lay off support staff, shifting more mundane tasks such as billing and transcription onto doctors overqualified for those duties — precisely the wrong kind of task shifting.

Good, Old-Fashioned Frugality

There is a lot of waste in U.S. hospitals. You walk into a hospital in the U.S., and it looks like a five-star resort; half of the building has no relation to medical outcomes, and doctors are blissfully unaware of costs. By contrast, Indian hospitals are fanatical about wisely shepherding resources — for example, sterilizing and safely reusing many surgical products that are routinely discarded in the states after a single use. They have also developed local devices such as stents or intraocular lenses that cost one-tenth the price of imported devices.

These hospitals have also been innovative in compensating doctors. Instead of the fee-for-service model, which creates an incentive to perform unnecessary procedures and tests, doctors at some Indian hospitals are paid fixed salaries, regardless of how many tests they order. Other hospitals employ team-based compensation, which generates peer pressure to avoid unnecessary tests and procedures.

Innovation has flourished in the U.S. in the development of new pills, clinical procedures, devices, and medical equipment, but in the field of health care delivery, it appears to have been frozen in time. In too much of the U.S., system, health care is viewed as a craft and each patient as unique. But by applying principles of mass production and lean production to health care delivery, Indian doctors and hospitals may have discovered the best way to cut costs while still delivering high quality in health care.

 

[boxer_B]

Filming empty mall, apartments and city is an offense in China and Journalist can be arrested by Police.

 

[Trying to be honest]

For people who are interested in issues that China is facing and its impact internally and across the globe, do read the blog below. Nothing too alarming but not too rosy either, can be said to be mixed

http://blog.mpettis.com/