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India Will Grow by the GDP of Pak Annually

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Take your shining india propaganda in some other forums, Pakistanis will not buy it and so will not the rest of the world:

By Calum MacLeod, USA TODAY
DELHI, India — Sanjay Garg was among the Indians crowding the stores here to buy gold jewelry and other precious metals on Dhanteras, the first day of a five-day festival during which Hindus pray for prosperity and good health and splurge on coins and baubles.
But the young fashion designer's good luck came in black and weighed 3,200 pounds.

Picking up his new, Indian-made Chevrolet Cruze at a Delhi showroom crowded with buyers keen to mark the special day, Garg, 30, considers the $25,000 price tag very affordable.

India, at least in parts, is booming. "We don't need to serve the white people anymore," Garg says of Raw Mango, his high-end, traditional-clothing business. "Before, everything went for export, but now we can focus on our own domestic market."

India is the first stop Saturday of a 10-day, four-nation Asia swing by President Obama, who said Thursday that he hopes to open up markets to U.S. goods in Asia. He'll find here a more prosperous nation than in past years — but one that is concerned about terror threats and how the United States handles them. His other stops are South Korea, Indonesia and Japan.

Two-thirds of Indians have a favorable view of the USA, a Pew Research Center opinion poll reported last month. But businessmen are alarmed by Obama's perceived opposition to outsourcing, a major revenue-earner for India's surging information technology sector. And then there's the Pakistan factor.

"I want America and India to be closer than America is to Pakistan now," says Sanjay Rana, sales manager at a lights shop crowded with Diwali festival shoppers on Chandni Chowk, the chaotic heart of Old Delhi.

"Pakistan is not a good country," says Rana, 48, of the neighbor and old rival that the Obama administration recently awarded $2 billion for anti-terrorism efforts.

In India, there is "the suspicion that Obama's administration is being far too solicitous of Pakistan's concerns, without doing much about Pakistan's own support for terrorism," security analyst C. Raja Mohan says.

On Saturday, Obama is scheduled to visit a memorial to the victims of a 2008 terrorist attack in Mumbai by a Pakistan-based Muslim terrorist group that seeks forced conversion to Islamic law. The terrorists attacked a train station, Jewish community house and the Taj Mahal Palace hotel, killing 166 people. Obama will stay at the hotel while visiting Mumbai.

The India that the president and first lady will see has transformed over two decades.

"We couldn't get a car or a telephone, all the things that the West takes for granted," says Sanjaya Varma, a metals consultant, of the socialist-leaning state of the nation in 1988 when his company, Tata Steel, sent him to work in the USA.

When Varma and his wife came back home to Delhi in 2007, the changes were jolting.

"TV was more or less non-existent when we left, as there were just two government channels — but now there are over 500," Varma says.

India's swelling middle class is estimated at 300 million, yet is dwarfed by the nation's 800 million poor living on less than $2 a day.

Today's typical young Indian wears Levi's, Nike sneakers and a Gap sweatshirt, and sips a Diet Coke with his Big Mac and fries, says commentator Dilip Bobb in this week's Outlook, an Indian news magazine. But the young oppose the U.S. wars in Afghanistan and Iraq, Bobb says.

Indian author Avirook Sen challenges the view that U.S. popularity may be slipping. "Why is there still such a queue for visas outside the U.S. Embassy?"

One reason may be that the government sector remains as corrupt and inefficient as ever, Sen says. Only the private sector gets things done, Varma says.

The U.S. and India, the world's most powerful and largest democracies respectively, appear a natural fit. Still, self-interest rules, Varma says with a sigh.

"America is not going to do anything for India. America wants to put out fires worldwide, but there's no fire in India," he says. "America acts in its self-interest, and right now that's to arm Pakistan."

A crucial issue in this volatile region remains Kashmir, the Indian-controlled region also claimed by Pakistan. Some Indian Muslims hope Obama can intervene.

"He's head of the most powerful country in the world; he can do anything, including resolving problems in India-Pakistan relations, and the Kashmir issue," says Muhammad Alam, 30, a bookstore employee in New Delhi's Nizamuddin district.

Of equal importance, and more immediate relevance, is the need for improvements in basic living standards, Alam says. His neighborhood, a poor ghetto 500 yards from a famous tomb Obama will visit Sunday, lacks medical, educational and sanitation facilities, he says.

"There is a complete lack of development here, possibly because it is a Muslim area," Alam says. "Many dignitaries have come here, but nothing is done."

Sitaram Yechury, a member of India's Parliament and representing the Communist Party of India, worries about India's legions of poor farmers, if, as Obama advocates, U.S. agricultural products are granted more access, and also about a loss of independence in foreign policy.

"India is being drawn into a strategic framework with the USA" that "will draw India into an area of conflict with China rather than cooperation," he predicts.

The huge consumer markets of both India and China are seen as the savior of struggling Western economies, but "the USA should play a more reasonable role in settling conflicts here, rather than taking a position to establish its hegemony," Yechury says.


Obama's visit to India spotlights prosperity, dire need - USATODAY.com
 
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It definitely can, yes, when a country is in a state of war and extreme instability. However, I do not think that is what happened. It is probably just an error in estimation.

Btw do you know what the criteria for the Pakistani national poverty line is, as opposed to the Indian national poverty line?

Well Pakistan doesn't have that much of problems for the poverty to go from 17% to 36% in a matter of a year. It may have gone up to 20%, or if you wanna be really pessimistic then 25%.

I don't really know about Pakistan's poverty line, but from what I remember, it was slightly higher than that of India. But again, that aside, the 36% is pure myth created by current government to discredit the Musharraf government.
 
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And for of those indians here gloating that their country's GDP is higher than Pakistan's (even though the high GDP of india didn't benefit the common indian and india is still the home to the largest population of poverty-stricken people in the world). Tell me how is india affected by war of terror. Does india share a long border with Afghanistan like Pakistan does? Does india have to deal with TTP terrorists and suicide bombings that Pakistan had to deal with since US invasion of Afghanistan?


KARACHI: Pakistan has suffered immensely due to the war against terrorism and the nation’s economy is in a shambles due to flight of investment by foreigners, said President Asif Ali Zardari on Tuesday.

Addressing the 34th Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Awards at the Governor House, Zardari said that businessmen should support the government by understanding the challenges it is facing, adding that it is trying its best to facilitate investors by providing them the best infrastructure and incentives.

He stated that the government is also doing its utmost to tackle economic issues such as gas and power shortages. In addition, the floods devastation has also pushed the economy back. Zardari said that “the level of aid provided by foreign countries highlights the trust other countries have in Pakistan and its government.”

The president also blamed the previous government for the challenges the country is facing, adding that “bad governance by the previous leader led to the entire nation having to pay the price for his mistakes.”

Commerce Minister Makhdom Amin Fahim said that a high-level convention, in which all Pakistani consulates and its representatives will be asked to discuss measures to improve the image of the country and trade with other nations, is being planned.

He said that the ministry is working on increasing trade levels with non-traditional markets and several steps have been taken towards that end. Referring to the awards programme, Fahim said that the ministry of commerce encouraged such events as they help to boost the image of local industries at an international platform.

President FPCCI, Sultan Ahmed Chawla, highlighted the problems facing businessmen and stressed that they should be taken into confidence when key decisions are made about the running of the economy. Mehtabuddin Chawla, the CEO of al Karan Towel Industries Pvt Limited, won the President of the Year Award while the Best Businessman of the Year award went to M Ghaffar Chaudhry. Seventy other awards were given.

Published in The Express Tribune, October 6th, 2010.


We should see how things are after this war of terror ends.
 
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I think India and Indians thinks that if it has a bigger economy it will be able to defeat smaller nations. According to that statement US spent a trillion $s in Iraq, lost 5000+ men and 45,000+ injured in a conflict by Iraq's insurgents which did not have an economy. North Korea should have lost badly according to India's formula and according to the Indian Philosophy the Viet Kong in Vietnam did not even stand a chance since US had a big economy.

The US has a big economy, so does Germany, France, UK, Canada but Talibaan are not defeated yet, so the Indian Formula is wrong again and again.
Argentina with a smaller economy did go to war with the UK which had a economy 20 times it size and the Libyans defeated Italy by kicking them out of Libya with hardly any economy. Indian Formula is wrong again and again.
 
With The Recent Reviseded growth forcast of 9.7% for the Indian Economy in 2010-2011 the indians will add $126 billion to its GDP by March 2012.

This will Give the Indians a GDP of $1.3 trillion+

All the indications are that the Indian GDP is set to grow at near double digit growth over the Next 5 years. Infact many believe it will ovetake China as the fastetst growing GDP in the next few years.

In 3 Years time the Indian GDP will be in excess of $1.8 trillion
By growing at around 10% per annum India will be adding a staggering $180 billion a year to its GDP.

THIS IS INCOMPARISON to Pakistans entire GDP at $170 billion and growing at a useful but modest 4.0% ..

If the trajectory continues as is predicted and the WOT bogs Pakistan down for another 5 years India could grow to be NOT 8-1 IN SIZE OF gdp but more like 12-1 or 15-1 by 2020.

I didn’t bother going through the whole discussion other than the 1st post, which has a fundamental mistake. Possibly the same might have been corrected but here is how it should have been.

The Indian gdp in rupees is rs61,32,171crores
The rupee as of date 1st april 2010 was trading at rs44.3/US$
The india gdp in US$ is $1.384trillion

When calculating nominal gdp always figure in the inflation rate. We are not calculating real gdp that the inflation rate gets discounted, so here is how it will be if the IMF prediction were to come true.

Base Indian gdp - rs61,32,171crores
Real gdp growth rate (projected as per IMF) – 9.7%
Inflation rate – 8-10%

Nominal gdp by 31st march, 2011: rs72,65,150crores but this is a figure I seriously doubt even the GoI agrees with, so this is how it is expected to play out:

Real gdp growth rate – 8.5%
Inflation rate – 8-10%

Expected nominal gdp by 31st march, 2011: rs71,85,677crores (never do these calculations in US$ since you will never know what the prevailing exchange rate will be at the time of such calculations get done officially)
If the rupee is still trading at rs44.3/$, the same in US$ will be – $1.622trillion

Which means in the current year india would have added:

$1.622trillion – $1.384trillion = $0.238trillion or $238billion

-------------------Added Later------------------------

coming to the key question raised: "India Will Grow by the GDP of Pak Annually"

India crossed that mark last fiscal when on 31st March, 2009 the Indian gdp was at $1.220trillion, and in during the fiscal 2009-10 India added $164billion which is what is the gdp of pakistan was more or less as of 30th June, 2010, starting this fiscal we will be moving way ahead.
 
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I provided source which showed that 80% of Indians live below $0.5 a day. As Karan pointed out, that link may be 3 years old, but those numbers probably haven't changed much since.

Now where are you getting the number that 33% of Pakistanis live below the poverty line? It was 17% in 2008 as confirmed by WB.

Utter nonsense, if, according to you, 1 billion people contribute 180 billion dollars to GDP, then it means that the remaining 250 million contribute the remaining 1.1 trillion to the GDP, meaning there are tens of thousands of millionaires…how come...where is the middle class?…a country that is as big as India cannot grow at a rate of near 10% without growth being pervasive…It means poverty is being reduced in India at much faster rate then any of us actual think it to be
 
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Poverty in India is not an issue only for some Pakistani members to bring up here to beat the Indians with, it is of very serious concern for every Indian. A GDP of a trillion plus makes sense only if we can leverage this to lift the poor out of their misery so they too can feel and benefit from the nation's economic progress and take pride in it.
Yes China has indeed managed to lift millions and millions out of poverty in a remarkably short period of time. Maybe, in a democratic setup, that sort of single mindedness of purpose is not possible but India should have done better than it has.

It is not only pointless trying to show Pakistan or any other nation in poor light by pointing to its low GDP, it is also childish and immature.

India can not claim to be doing well as long as huge number of Indians continue to be extremely poor and destitute. Progress has to be all encompassing, every body has to be taken along. Otherwise the disparity so created will threaten to tear the very fabric of our nation.
Writings of the renowned Dr Amartya Sen in this regard are an eye opener. It is time we paid attention to his Social Choice and Welfare Economics theories to seriously tackle poverty in India.

Yes, the trillion dollar plus economy that India has achieved is laudable, but there is more, much more to be done. Comparison with Pakistan will not improve the state of our poor.
 
I think India and Indians thinks that if it has a bigger economy it will be able to defeat smaller nations. According to that statement US spent a trillion $s in Iraq, lost 5000+ men and 45,000+ injured in a conflict by Iraq's insurgents which did not have an economy. North Korea should have lost badly according to India's formula and according to the Indian Philosophy the Viet Kong in Vietnam did not even stand a chance since US had a big economy.

The US has a big economy, so does Germany, France, UK, Canada but Talibaan are not defeated yet, so the Indian Formula is wrong again and again.
Argentina with a smaller economy did go to war with the UK which had a economy 20 times it size and the Libyans defeated Italy by kicking them out of Libya with hardly any economy. Indian Formula is wrong again and again.

What makes you think that the progress India is making in the economic sphere is only to wage a war against Pakistan...don't you think India has more important matters to deal with than think Pakistan always or waging war against Pakistan...War is the last thing Indian at present are thinking of
 
I provided source which showed that 80% of Indians live below $0.5 a day. As Karan pointed out, that link may be 3 years old, but those numbers probably haven't changed much since.

Now where are you getting the number that 33% of Pakistanis live below the poverty line? It was 17% in 2008 as confirmed by WB.

I think there is a lot of confusion among regarding the data.I have clarified it once.I will do it again.I hope everyone gets it this time.

According to the national level the number of BPL stands at around 0.3 billion or around 25% of total population.

Source

This is reducing over the years and that is a positive development.The following graph of time and percentage of population BPL shows how it has reduced over the years.In the coming years,it is expected to reduce further.
BPL_Data_GOI.png
 
What makes you think that the progress India is making in the economic sphere is only to wage a war against Pakistan...don't you think India has more important matters to deal with than think Pakistan always or waging war against Pakistan...War is the last thing Indian at present are thinking of

Because most Pakistanis think that way about India - they have a single minded obsession with India. Anytime any issue is discussed, they start off about Kashmir, Kashmir, Kashmir like a stuck record. The reason for the existence of many people is to hate India and to cause harm to India. Look at this bigot Omar1984 as a perfect example.

Having that sort of mentality, they think Indians also feel the same way. They just don't know any better.
 
@TalwarRajput

I suggest you stop that.Nowhere related to the thread.
 
OK, great. So why there are 340,000,000,000 million people in India below the poverty line?
340,000,000,000 million :woot:...
If you meant to question why are there 340 m people below poverty line.. I have a single line answer... because we are a developing country like yours.
And we are working toward pulling everyone out of poverty... it is just a matter of time. We know what it takes to achieve it and by Gods grace we are blessed with a stable and progressive economy the whole world is looking upto.
 
I have a single line answer... because we are a developing country like yours.
And we are working toward pulling everyone out of poverty... it is just a matter of time. We know what it takes to achieve it and by Gods grace we are blessed with a stable and progressive economy the whole world is looking upto.

Also, India has a very large population (like China).

So even a relatively low percentage, can end up as a HUGE real number.
 
Yes @CD... agree, most of Asia barring a few countries are still developing and have a long way to go before they can provide basic standards of living to all. It is a herculean task no matter, but the right path is what matters and give it 10 or 20 more years and we will be able to show the rest of the world how things can be changed in half the time :cheers:
 
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