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Indian economy to grow by 6.4 per cent in 2015-16:World Bank

Going on with the argument said by few of Indian users here, so it can be say that countries like Singapore, Malaysia, Thailand, Taiwan, etc. and all the other countries which have less GDP than India currently and less population than India and yet regarded as advanced/Develop countries by the whole world, will be poor and less develop countries to Indians, because they have less GDP and less population than India? :yahoo::yahoo::yahoo:

Well some people even try to bring their states GDP Growth rates while we talking about Country's GDP Growth rate as whole. going by that argument one would say all the 9 provinces of Sri Lanka, where Eastern and Northern Province GDP grew by more than 20% and western province grew by 20% or so and so. :cheesy:

Basic calculation to measure how much country is wealthy is by dividing total GDP of that particular year by the total population of the particular country. with Sri Lanka having just 20.1 Million of Population and currently they posses a GDP which could give $3279 GDP Per Capita, where it put them in the Lower Middle Income Bracket, and intend to become upper middle income country by 2015/2016. while India GDP can give only $1500+. having the second largest population of the world, eventually India is automatically become the huge Market, it's not magic. and GDP nominal figures are not the way to measure how country is performing or what position they are in, whether they are poor, lower middle, upper middle, high income or advanced economy. India can annually achieve or grew their GDP by $300Billion or $400 Billion easily with the huge population India has. that $400Billion increase of GDP would be more than the total GDP of Countries like Malaysia, Singapore etc. so does it mean India is much develop than them? the biggest question in the end of the day is how much that increase of GDP would increase the GDP Per Capita portion.

HDI indexes may vary from state to state or in Sri Lanka scenario province to province. while we talking about at national level it is such a joke to mention states GDP level growth or HDI levels. big or small every country has potential to become wealthy and rich. for example, Singapore, which having 5 million people stuck in to a 716.1 km² land area having GDP worth of total GDP of Pakistan or Bangladesh. Sri Lanka by any mean not tiny, with total land area of 65,610 km² it is a medium size island and with a population of 20.1 Million people similar to population like Australia or Malaysia, it posses a huge potential. it is not secret Sri Lanka's Economy growing at a rapid pace, than other Subcontinent countries, and it is definitely will reach so called advanced and wealthy category (According estimates by 2035). the main reason why we lag behind from the rest of the regions in the world is not having mutual understanding and bond to each other. not having a thinking "we should stand together as a region and show the world who we are". that's what South East Asian countries, Asian tiger economies doing and what we are lacking.

Ignore Indians as they are an easily jealous lot.

Sri Lanka and BD(to be soon) are the most economically successful countries in the sub-continent,

We both are dominated by one ethnic group and therefore decisions are made more efficiently, than would be the case of being a mish-mash of different nations into a legal entity of a country
.
 
Ignore Indians as they are an easily jealous lot.

Sri Lanka and BD(to be soon) are the most economically successful countries in the sub-continent,

We both are dominated by one ethnic group and therefore decisions are made more efficiently, than would be the case of being a mish-mash of different nations into a legal entity of a country
.

bonglo stan is the poorest country in SA. If you are an economical success, we must be the Kingdom of heaven.
 
Going on with the argument said by few of Indian users here, so it can be say that countries like Singapore, Malaysia, Thailand, Taiwan, etc. and all the other countries which have less GDP than India currently and less population than India and yet regarded as advanced/Develop countries by the whole world, will be poor and less develop countries to Indians, because they have less GDP and less population than India? :yahoo::yahoo::yahoo:

Well some people even try to bring their states GDP Growth rates while we talking about Country's GDP Growth rate as whole. going by that argument one would say all the 9 provinces of Sri Lanka, where Eastern and Northern Province GDP grew by more than 20% and western province grew by 20% or so and so. :cheesy:

Basic calculation to measure how much country is wealthy is by dividing total GDP of that particular year by the total population of the particular country. with Sri Lanka having just 20.1 Million of Population and currently they posses a GDP which could give $3279 GDP Per Capita, where it put them in the Lower Middle Income Bracket, and intend to become upper middle income country by 2015/2016. while India GDP can give only $1500+. having the second largest population of the world, eventually India is automatically become the huge Market, it's not magic. and GDP nominal figures are not the way to measure how country is performing or what position they are in, whether they are poor, lower middle, upper middle, high income or advanced economy. India can annually achieve or grew their GDP by $300Billion or $400 Billion easily with the huge population India has. that $400Billion increase of GDP would be more than the total GDP of Countries like Malaysia, Singapore etc. so does it mean India is much develop than them? the biggest question in the end of the day is how much that increase of GDP would increase the GDP Per Capita portion.

HDI indexes may vary from state to state or in Sri Lanka scenario province to province. while we talking about at national level it is such a joke to mention states GDP level growth or HDI levels. big or small every country has potential to become wealthy and rich. for example, Singapore, which having 5 million people stuck in to a 716.1 km² land area having GDP worth of total GDP of Pakistan or Bangladesh. Sri Lanka by any mean not tiny, with total land area of 65,610 km² it is a medium size island and with a population of 20.1 Million people similar to population like Australia or Malaysia, it posses a huge potential. it is not secret Sri Lanka's Economy growing at a rapid pace, than other Subcontinent countries, and it is definitely will reach so called advanced and wealthy category (According estimates by 2035). the main reason why we lag behind from the rest of the regions in the world is not having mutual understanding and bond to each other. not having a thinking "we should stand together as a region and show the world who we are". that's what South East Asian countries, Asian tiger economies doing and what we are lacking.

:tup:

This is way better way of clarifying this.. Well put.. Unlike that other guy who seem to pull stats out of his arse without any verified source

8.2% ??!!??.. Yeah right.. Sounds more like that glorified accountant and political stooge Nivad Cabraal
 
bonglo stan is the poorest country in SA. If you are an economical success, we must be the Kingdom of heaven.


Life expectancy of BD is 70 years as opposed to 66-67 of India.

BD economy growing faster than India and expected for the next 5 years

BD started independence in 1971 as opposed to 1947 for India.

What was India doing with the extra 24 year head start it had over BD?

Another loser from a country where millions starve to death every year.
 
Guys nothing wrong with Sri Lanka or Bangladesh, comparing themselves with us. After all, its good for the region.

India cannot be a major economic power, without economically sound neighbors.
 
Life expectancy of BD is 70 years as opposed to 66-67 of India.

BD economy growing faster than India and expected for the next 5 years

BD started independence in 1971 as opposed to 1947 for India.

What was India doing with the extra 24 year head start it had over BD?

Another loser from a country where millions starve to death every year.

India HDI: 0.586
bonglo HDI: 0.558

India Per capita (PP and Nominal): $5,350/ $1500
bonglo Per capita (PP and Nominal) $2,810/ $822

Guys nothing wrong with Sri Lanka or Bangladesh, comparing themselves with us. After all, its good for the region.

India cannot be a major economic power, without economically sound neighbors.

bongo is the poorest country in SA, it should be comparing itself with Somalia or Sudan, not us.
 
Guys nothing wrong with Sri Lanka or Bangladesh, comparing themselves with us. After all, its good for the region.

India cannot be a major economic power, without economically sound neighbors.

Like wise neither Sri Lanka or Bangladesh can grow without India.. Simple states of it's massive market and economy.. So it's all reciprocal.. It's a global economy after all
 
India HDI: 0.586
bonglo HDI: 0.558

India Per capita (PP and Nominal): $5,350/ $1500
bonglo Per capita (PP and Nominal) $2,810/ $822

Ignorant Indian may want to check out the IMF database that says BD GDP/capita is 1200 dollar nominal and 3400 dollar at PPP:

Report for Selected Countries and Subjects

BD HDI will rise as they have not taken into account that BD recently re-based GDP to 2005 base year from 1995 and will soon rebase to 2012, that India is using

Can someone answer the question, what was India doing with the 24 year head start that it had over BD?
 
bongo is the poorest country in SA, it should be comparing itself with Somalia or Sudan, not us.

Poverty should not be criteria here, for qualification to compare.

By the same logic we have largest concentration of poor on the planet and we should not compare ourselves with China, rather Sub-Saharan Africa
 
Like wise neither Sri Lanka or Bangladesh can grow without India.. Simple states of it's massive market and economy.. So it's all reciprocal.. It's a global economy after all

Not sure about Sri Lanka but BD has little dependence on India.

Apart from the several billions dollars of imports which will become slightly more expensive, a completely destroyed Indian economy would mean little for BD.

Exports to India only account for 2% of BD total after all.
 
Not sure about Sri Lanka and BD has little dependence on India.

Apart from the several billions dollars of imports which will become slightly more expensive, a completely destroyed Indian economy would mean little for BD.

Exports to India only account for 2% of BD total after all.

In a global economy you cannot discount anybody, The world markets are shifting to the East, China and India will have some of the biggest purchasing power in the near future.. We cannot disregard thier massive growing middle class.. Western markets will be negligible compared.. So i dont think it will be prudent to ignore the economy growth of our largest neighbor and it's market for our goods and services.. Just simple economics 101

Btw SL economy is not dependent on India either
 
Like wise neither Sri Lanka or Bangladesh can grow without India.. Simple states of it's massive market and economy.. So it's all reciprocal.. It's a global economy after all

It also applicable in other way around as well. big or small, India need their neighbors as well. Whole region must perform well and act together
 
It also applicable in other way around as well. big or small, India need their neighbors as well. Whole region must perform well and act together

Definitely.. and i fully agree on you highlighting the folly of how certain Indian posters here trying to compare certain states with national stats.. If so Western province of SL would be concidered first world owing to it's GDP and HDI standards
 
:tup:

This is way better way of clarifying this.. Well put.. Unlike that other guy who seem to pull stats out of his arse without any verified source

8.2% ??!!??.. Yeah right.. Sounds more like that glorified accountant and political stooge Nivad Cabraal
Exactly that was a neutral post by
@raveninthesky ,the other guy has been exaggarating the facts,SL's growth is projected by IMF is at 6.5% for 2015,which of course can be revised just like it was done in 2013 december(revision from 6.% to 7% by IMF),but throwing away 8.4% kinda figures,for sure would lead to some trolling.
 
In a global economy you cannot discount anybody, The world markets are shifting to the East, China and India will have some of the biggest purchasing power in the near future.. We cannot disregard thier massive growing middle class.. Western markets will be negligible compared.. So i dont think it will be prudent to ignore the economy growth of our largest neighbor and it's market for our goods and services.. Just simple economics 101


India is a competing economy for BD and not a partner right now.

They are simply unwilling to import BD products. BD exports only 500 million dollars to India but imports 5 billion dollars. Despite repeated assurances India does not allow free access to its markets for BD products despite the fact that BD could sell many products at competitive prices.

China, OTOH, is rapidly taking in ever growing BD exports and it is now importing 800 million dollars from only 150 million or so 5 years ago.

India has no interest in complementary economic relations with BD and probably wont do for some more decades.

Like I say, a completely destroyed Indian economy, will make little difference to BD development. Different for Sri Lanka I know though.
 

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