India to grow faster than China by 2016: Goldman Sachs

[Luca1]

To me this is merely a another guess about future economic course until it does get transformed into a reality.... Lets hold ourselves for a while ......

Very sensible point. But most Indians rather dwell in all these predictions instead of working hard to achieve them.

 

[Beast]

The indian economist will be fired in 2016

 

[Luca1]

The indian economist will be fired in 2016

But another will take his place to make another prediction.

 

[l'ingénieur]

 

[Shinigami]

I've been hearing these predictions for years now. The World Bank even said that India would surpass China's growth rate by 2010.

Considering that China's base economy is so large, we actually add an entire India very 2 years.

India should be shooting for more than just matching China's slowing rate of growth. In order for India's base economy to reach the 2014 Chinese GDP of $10.4 trillion, you'll have to grow at double-digits for decades.

thats a stupid statement to make even if china's official statements are true, which are unlikely

CARSON BLOCK: China's Fake GDP Is Over-Inflated By 25% | Business Insider India

Is China faking its economic growth? Chanos thinks so - Feb. 16, 2012

China Fake Data to Skew More Export Numbers - Bloomberg

Biggest Fib Of The Year: China GDP Grows 7.5% In Q2 - Forbes

 

[Beast]

But another will take his place to make another prediction.

No, they will not hired another indian again.

 

[Shinigami]

Wrong. Guess again.

Karachi?

 

[vsdave2302]

india’s economic growth is likely to overtake China from 2016 onwards, says the Goldman Sachs’ chief India economist Tushar Poddar. The investment bank forecasts India’s GDP (gross domestic produce) to grow by 6.8 percent in calendar year 2016 (compared to 6.7 percent for China), and touch 7.0 percent in 2017 (China 6.5 percent), the latest data released by the global investment bank showed.

Besides Goldman Sachs, several other investment banks such as Citigroup and Morgan Stanley have also forecast a bullish trend for India’s markets and economy in the coming months.

Goldman Sachs India says recovery for the country would be led by a range of factors including easing of liquidity and rising foreign direct investments. A fall in fiscal and current account deficits and a kick-start to structural reforms from the Narendra Modi-led government will further boost the growth.

China’s breakneck pace of growth in recent years has started to sputter due to a cooling in domestic demand and investment, besides rising costs which have all impacted manufacturing activity.

“We expect a pick-up in [India] growth led by investment demand,” Poddar said. The bank forecasts India to grow by 6.3 percent in calendar year 2015. India grew by just 4.7 percent in the twelve months to March 2014.

The economist said there was a higher likelihood of structural reforms starting in the energy, infrastructure, technology and manufacturing sectors next year, while reforms to sectors like labour and agriculture could take longer, possibly over 2-3 years. Poddar also said the balance sheets of Indian companies and banks, which showed stressed assets, were likely to improve in coming years as macro-economic conditions improve.

Poddar, like several other economists, expects India’s central bank to start cutting interest rates in the first half of 2015. He is betting for a 50 basis points cut in rates through two policy meetings. The rupee is likely to remain flat at around 63 to the dollar, he said.

Goldman Sachs India expects a strong pick up in FDI in coming years, from $27 billion in fiscal 2014 to $36 billion in fiscal 2015. Most of this investment would come from countries like China and Japan, Poddar said.

Forbes India Magazine - India to grow faster than China by 2016: Goldman Sachs

This is something waiting to be happenned since a long. NDA took indian growth rate from 5 to 8.2% in its time. Had NDA remained in power again, it would have touched 10% and would have remained at that level. However unfortunately that did not happen. Now under the new NDA regime, a possibility to grow very fast is emerging. We need to be aggressive on economic front and put robust policies in place to crub corruption. Modi has a vision and we can be a hub of electronics, Textile and Automobile and R & D in many sector along with IT. What we need is focus. Our Enthusiastic youth is vary much capable to meet any chalanges and turn chalanges into opportunity. We have got a proper leadership now and we can now progress as per our potential.

An economy smaller than Italy's is a superpower. Wishful thinking.

The only thing Indians are known for is their ego at this point. And their severe self-hatred. Other than serious personality, intellectual, and hygiene deficits, Indians are not really known for anything.

Are you ashamed of displaying your country flag?

 

[Luca1]

Karachi?

I'm not from Pakistan. Never been there. None of my ancestors are from there. I'm an American with mix ethnicity.

 

[Chinese-Dragon]

thats a stupid statement to make even if china's official statements are true, which are unlikely

From the IMF:

List of IMF ranked countries by past and projected GDP (nominal) - Wikipedia, the free encyclopedia

China 2011 - $7.3 trillion

China 2013 - $9.5 trillion

-------------

India 2011: $1.88 trillion

India 2013: $1.87 trillion

So we add an India every two years.

Also, notice that India's GDP actually shrunk between 2011 and 2013.

 

[vsdave2302]

But another will take his place to make another prediction.

reaction of you people give me the confidence that we are on right path. I expect to see even more harsh reaction with more and more such news coming out. It will be very interesting to see @$$ burn reaction in 2016 but unfortunately, it is couple of years away.

 

[Luca1]

thats a stupid statement to make even if china's official statements are true, which are unlikely

CARSON BLOCK: China's Fake GDP Is Over-Inflated By 25% | Business Insider India

Is China faking its economic growth? Chanos thinks so - Feb. 16, 2012

China Fake Data to Skew More Export Numbers - Bloomberg

Biggest Fib Of The Year: China GDP Grows 7.5% In Q2 - Forbes

The only way to get all those articles is a Google search of Gordon Chang articles.

 

[Chinese-Dragon]

The only way to get all those articles is a Google search of Gordon Chang articles.

Gordon Chang articles.

 

[Shinigami]

From the IMF:

List of IMF ranked countries by past and projected GDP (nominal) - Wikipedia, the free encyclopedia

China 2011 - $7.3 trillion

China 2013 - $9.5 trillion

-------------

India 2011: $1.88 trillion

India 2013: $1.87 trillion

So we add an India every two years.

Also, notice that India's GDP actually shrunk between 2011 and 2013.

assume China 2011 - $7.3 trillion to be true (actually it would be around 5trillion)
assume growth rate of 10% (actually its less than 5)

in 2 years you have a GDP increase of 1.5 trillion (actually its a third of that) which not equal to india's GDP
not to mention you forgot to mention that india's GDP grew to 2 trillion the very next year

like i said earlier chinese statistics are faulty and unreliable and made to make themselves look good to the world

CARSON BLOCK: China's Fake GDP Is Over-Inflated By 25% | Business Insider India

Is China faking its economic growth? Chanos thinks so - Feb. 16, 2012

China Fake Data to Skew More Export Numbers - Bloomberg

Biggest Fib Of The Year: China GDP Grows 7.5% In Q2 - Forbes

 

[Lil Mathew]

I've been hearing these predictions for years now. The World Bank even said that India would surpass China's growth rate by 2010.

Considering that China's base economy is so large, we actually add an entire India very 2 years.

India should be shooting for more than just matching China's slowing rate of growth. In order for India's base economy to reach the 2014 Chinese GDP of $10.4 trillion, you'll have to grow at double-digits for decades.

Double digits for decades????
In 2004 China's nominal gdp was only $1.9 Trillion..