Indian economy to reach $5 TRILLION by 2025: Morgan Stanley

[Chinese-Dragon]

theres a popular theory here in the west that China is the only second world country in the world. the same people perceive Russia as a second world country as well.

Bro there is no comparison between China and Indias economy, for such a populous country 5 trillion is nothing by 2025. your economy and their economy isn't even a competition they are loosing so badly.

China is everything Modi secretly dies to be.

Technically China is a 2nd world country because it was part of the Communist bloc during the Cold War, but in modern usage "3rd world country" simply means a developing country, which China is.

Russia is different, they industrialized a long time ago.

In the UNSC P5... China is the only "3rd world country" there.

And? How does it matter ? BTW! All these nominal GDP based comparison are worthless when you are taking about domestic consumption and production of goods and services. People eat food not dollars. PPP makes more sense. In that India's GDP is actually 2.5-3 times smaller to China.

GDP by PPP is useful in a per capita sense for measuring living standards, but it's not useful for comparing the economic power of nations.

China is already the largest economy by PPP, but nobody says that China is the largest economy in the world. It's just a feel good measure to make developing countries feel better about their condition.

 

[Ryuzaki]

For that we need Mr Modi to win 2019 elections with majority again

 

[xyxmt]

good for India, maybe then India stop obsessing with Pakistan...just a hope

 

[EndangeredSpecies]

GDP by PPP is useful in a per capita sense for measuring living standards, but it's not useful for comparing the economic power of nations.

China is already the largest economy by PPP, but nobody says that China is the largest economy in the world. It's just a feel good measure to make developing countries feel better about their condition.

Ultimately money is a proxy to purchasing power. Your GDP is measure of economic activity within your country. Nominal matters more in international trade, which for India is still limited. BTW, China is also trying to focus more on local consumption and less on export.

good for India, maybe then India stop obsessing with Pakistan...just a hope

Indo-Pakistan affair has nothing to do with economy, we all know that. It was spectacularly narrated in 'Eat grass but make bomb' statement of Bhutto. It is about just three things, Kashmir, Kashmir and Kashmir.

 

[Chinese-Dragon]

Ultimately money is a proxy to purchasing power. Your GDP is measure of economic activity within your country. Nominal matters more in international trade, which for India is still limited. BTW, China is also trying to focus more on local consumption and less on export.


Indo-Pakistan affair has nothing to do with economy, we all know that. It was spectacularly narrated in 'Eat grass but make bomb' statement of Bhutto. It is about just three thing, Kashmir, Kashmir and Kashmir.

Well PiGuFeng, do you think that China is the largest economy in the world?

Because China doesn't think so, in fact our National Bureau of Statistics has rejected the use of PPP completely.

The buying power of currency matters a lot when it comes to economic "power". And yes some people claim the Yuan is undervalued by 2x (which hilariously would suggest that our nominal GDP actually 2x larger than it currently is), but it's still a better measure overall. Which is why China is always referred to as the "2nd largest economy".

PPP is good for use in per capita terms for measuring relative living standards, but has little to do with economic "power" of nations.

 

[EndangeredSpecies]

Well PiGuFeng, do you think that China is the largest economy in the world?

Because China doesn't think so, in fact our National Bureau of Statistics has rejected the use of PPP completely.

The buying power of currency matters a lot when it comes to economic "power". And yes some people claim the Yuan is undervalued by 2x (which hilariously would suggest that our nominal GDP actually 2x larger than it currently is), but it's still a better measure overall. Which is why China is always referred to as the "2nd largest economy".

PPP is good for use in per capita terms for measuring relative living standards, but has little to do with economic "power" of nations.

Yes I do think that China is the largest economy in the world in terms of good and services produced.

I do not know why your Bureau of Statistics think the way it does and will not comment on it.

Answer me honestly, an apple purchased in India or China will have very similar nutrition profile as one from America, a hair cut done in India or China will have very similar value as done in America or Europe. Don't you think so?

Hence PPP makes more sense when you are comparing Good and Services produced (Which is actually what GDP/Economy is all about). The only time when you should bother about 'US Dollar' value of your economy is when you are buying or selling things to the US or Europe.

 

[nik141993]

predictions & more predictions

 

[Ahmed_Vohra]

More importantly China will be the biggest economy in the world by 2025 and will dwarf Indias 5 trillion economy as chinas economy will be $38 trillion by 2025

still a long time till india sits on the big boys table

http://www.telegraph.co.uk/finance/...ina-to-be-worlds-biggest-economy-by-2025.html

Why don't we care about our Paksarzameen rather than look at where bharatis or chinis will stand in 15-20 years.

The fact is our hukmaraan have sold the country for their personal interests and our immediate future is not as bright as either of these countries' so we should be doing something to change that rather than care about them.

 

[Kashmiri Pandit]

Things don't keep growing for forever .
A state of stagnation follows a state of High growth .

When one reaches the state of Developed , their are hardly any areas left that can keep growing .

 

[Chinese-Dragon]

Answer me honestly, an apple purchased in India or China will have very similar nutrition profile as one from America, a hair cut done in India or China will have very similar value as done in America or Europe. Don't you think so?

That's very true, an apple/haircut is worth the same to the end user whether it costs $100 or $1.

But $100 is still 100x more powerful than the $1, in global terms. And when you compare economies it's done on such terms.

The buying power of currency is an important aspect of economic power.

 

[Providence]

MIND BOGGLING

Morgan Stanley estimating an Average GDP Growth of 11 percent for India for next 8 years

NOMINAL GROWTH ! Not REAL GROWTH !

 

[Bussard Ramjet]

Should be 7 trillion not 5, but it's a start! if we can account for the black money that is stashed aboard.

Gosh! When will this rona-dhona over black money end? However much black money there is outside, it is no where near to trillions like you suggest.

If GST and Labor Law Reforms are passed before then. It would be difficult for even Congress to f*ck our economic growth if it comes to power.

GST can be passed and implemented.

Labor Law not. The whole opposition, and the powerful labor unions will be up in arms against this.

If we can have 10% real growth and 5% inflation, then our GDP will double in 72/15 = 4.8 years.

We doubled our economy in 4 years in the past. Our economy was $600 billion in 2004 and $1.2 trillion in 2007.

From 2004, to 2007, we had a huge appreciation of ruppee, along with high inflation rates.

Lets see...
1. China is also a 3rd world country with second highest number of poors.
2. Their economy is around 5-6 times if counted using nominal and just 2.5-3 times if counted using PPP. I do not know how you got this idea of '10 times'.
3. We are in MTCR and we will also block their entry should they try again as they did in 2004. Oh and UN resolutions, we have support from Russia, France, England, US. They are the odd one out and have an immense diplomatic pressure due to that.

I don't really think China cares much about MTCR seriously.

 

[truthseeker2010]

Indian economy to reach $5 trillion by 2025: Morgan Stanley

http://www.moneycontrol.com/news/ec...-trillion-by-2025-morgan-stanley_8533001.html

$5 trillion means average of 9.2% from now to 2025, whats the latest growth rate? 6.6%?

 

[Zee-shaun]

That's great. Add 5 more years to the Stanley's report and this is how India will be.

 

[Bussard Ramjet]

$5 trillion means average of 9.2% from now to 2025, whats the latest growth rate? 6.6%?

5 trillion is nominal growth rate, which includes inflation, and currency movement.