India's economy likely to grow 6.4% next year; may be a hair's breadth away from China by 2016: OECD

[Chinese-Dragon]

So, you telling me you can replace all labor force with Robots and keep the manufacturing cost lowest in the world till eternity. ;lol:

Currently the technology is only cost-effective in certain areas, where there is a lot of repetitive motion involved. And in these areas, it is very effective.

If you have a manufactured product in your hand right now, there is a good chance there was an industrial robot somewhere in the supply chain.

Of course, the technology is only going to continue improving as time goes on. Especially in terms of cost-efficiency.

So when India is done building their national manufacturing base (it took us 40 years), who knows how effective these industrial robots are going to be. Certainly they will replace human labor in a large number of areas, they already do today.

China is not going to miss that train. Today, right now, China is already the largest market in the world for industrial robots.

 

[ito]

So, you telling me you can replace all labor force with Robots and keep the manufacturing cost lowest in the world till eternity. ;lol:

He doesn't know what he is talking of, and funny thing is he talks as if he is Chinese president

 

[dray]

We had sustained double-digit growth for three whole decades, and we are still a developing country.

India hasn't even started the double-digit race. After you get sustainable double-digit growth, keep it up for three decades in a row, then come back and tell me you're starting the race. Then maybe someone will take you seriously.

And by the way, no other country in the history of the world has achieved average double-digit growth for three decades in a row. China is the only one that has done that, in all human history. It's a pure anomaly, not a trend that can be repeated, even if you were to somehow exactly simulate China's internal conditions during those years.

So the odds that it's even possible again are extremely low. Nearly zero, especially after the boom years of 2004-2007. No one is going to allow that kind of global credit boom again. But don't take my word for it, try it yourself and see.

Yeah, China went up like rocket, and will come down empty, robots won't generate employment for your large population.

 

[Audio]

And by the way, no other country in the history of the world has achieved average double-digit growth for three decades in a row. China is the only one that has done that, in all human history. It's a pure anomaly, not a trend that can be repeated, even if you were to somehow exactly simulate China's internal conditions during those years.

*cough* 8 bill.$/month of FDI for 30 years *cough*

But ofcourse, full disclosure is not in your vocabulary.

 

[Chinese-Dragon]

Yeah, China went up like rocket, and will come down empty, robots won't generate employment for your large population.

India never went up in the first place, India still has more poverty than the entire continent of Africa.

Like I said, first sustain double-digit growth rates for three decades in a row. Then you can say you have started the race.

After that, you'll still be a developing economy. But at least not poorer than Africa.

The problem of course is that China is the only country in the history of the world, that managed to sustain double-digit growth for thirty years in a row. It's a complete anomaly, driven by some very specific internal economic and political conditions in China.

It has never happened before, and will never happen again. Even if you somehow replicate the exact internal conditions of China during those decades, the global landscape has completely changed, everyone is awake and fighting to be the next big growth story.

There is no competitive vacuum anymore, you'll have to fight for every last export order, and in most cases Southeast Asia will win. By a big margin too, they are far more competitive than you.

 

[Kyusuibu Honbu]

The problem of course is that China is the only country in the history of the world, that managed to sustain double-digit growth for thirty years in a row. It's a complete anomaly,

its a complete lie as well.

I am looking at history of Chinese GDP growth, at no period is there a three decade double digit growth rate

World Development Indicators-Google Public Data Explorer


Such delicate victims with delicate egos

 

[Chinese-Dragon]

its a complete lie as well.

I am looking at history of Chinese GDP growth, at no period is there a three decade double digit growth rate

World Development Indicators-Google Public Data Explorer


Such delicate victims with delicate egos

Failed reading comprehension.

From the Financial Times:

China has entered an era of slower growth and must adjust to the end of three decades of double-digit annual economic expansion.

Financial Times

Obviously it means an "average" double-digit growth rate over thirty years.

That would be obvious to anyone who had an IQ above 81.

And here is one from BusinessWeek, two days ago:

China’s three decades of 10 percent annual average growth was driven by the largest urbanization in mankind’s history as labor shifted from the countryside to cities and factories.

China Potential Outstripping 1950s Japan Is Reform Prize - Businessweek

 

[Kyusuibu Honbu]

Failed reading comprehension.

From the Financial Times:



Financial Times

Obviously it means an "average" double-digit growth rate over thirty years.

That would be obvious to anyone who had an IQ above 81.

And here is one from BusinessWeek, two days ago:



China Potential Outstripping 1950s Japan Is Reform Prize - Businessweek

Your original post makes no mention of word average -

India never went up in the first place, India still has more poverty than the entire continent of Africa.

Like I said, first sustain double-digit growth rates for three decades in a row. Then you can say you have started the race.

After that, you'll still be a developing economy. But at least not poorer than Africa.

The problem of course is that China is the only country in the history of the world, that managed to sustain double-digit growth for thirty years in a row. It's a complete anomaly, driven by some very specific internal economic and political conditions in China.

It has never happened before, and will never happen again. Even if you somehow replicate the exact internal conditions of China during those decades, the global landscape has completely changed, everyone is awake and fighting to be the next big growth story.

There is no competitive vacuum anymore, you'll have to fight for every last export order, and in most cases Southeast Asia will win. By a big margin too, they are far more competitive than you.

Now edit your post and feel good about yourself

 

[SarthakGanguly]

Obviously it means an "average" double-digit growth rate over thirty years.
That would be obvious to anyone who had an IQ above 81.

Please quote any tabular format showing China's (PRC) annual growth rate for the past 30 years. It would be spectacular in that case. Pls point me to a yearwise listing of growth rates.
The IQ taunt was very predictable, especially when you know Indians hardly cross 18 on a scale.
***

 

[Chinese-Dragon]

Your original post makes no mention of word average -



Now edit your post and feel good about yourself

Neither did the Financial Times, in the link I gave above.

They thought people would be clever enough to figure it out, but apparently they need to make more effort for you.

Did you seriously think anyone was claiming that China grew at double digits every single year?

That is nonsensical, any person with a brain would realize that all these statements above are obviously referring to the average growth rate.

 

[anant_s]

Chinese and US GDP growth rates

Future Prediction by PWC

 

[anant_s]

The thing is China can't remain world factory till eternity where price matters.

Yes sooner new locations would develop that will be more cost effective. Garments is one area where countries like Bangladesh are making rapid strides and will soon give tough competition to both China and India. Similarly unless India maintains its edge in education, IT and IT based services sector might start to see a slip.
Then off course there are Demographic factors that decide the direction of economy (the way people spend, save, earn employment etc).
While there is no denial that China will soon the the largest economy in the world, it will not be without some stiff competition. In my view if there is Political stability in India, with governments refraining from getting into populist measures and Agriculture and manufacturing sector picking up, there is no reason why India shouldn't be right on Top.

 

[TheTruth]

Don't worry, China will become the largest economy in the world and remain so for a decade or two naximum, before we snatch away the title from China....permanently.

Never going to happen.

Yes sooner new locations would develop that will be more cost effective. Garments is one area where countries like Bangladesh are making rapid strides and will soon give tough competition to both China and India. Similarly unless India maintains its edge in education, IT and IT based services sector might start to see a slip.
Then off course there are Demographic factors that decide the direction of economy (the way people spend, save, earn employment etc).
While there is no denial that China will soon the the largest economy in the world, it will not be without some stiff competition. In my view if there is Political stability in India, with governments refraining from getting into populist measures and Agriculture and manufacturing sector picking up, there is no reason why India shouldn't be right on Top.

India needs to invest more in its people. It's capable of doing so but the idea seems to offend the elites.

 

[Judge]

This is the growth rate expected with the current Red-Tapism and a very slow speed of reform. As the real reforms start flowing they will start uprating the projections as well. Business sentiment is in our favor. Remember, India managed to grow at 10% even under the shambolic UPA-II rule.

No.
India did not touch double digits. Highest we managed was 9.6%

 

[Bouncer]

Didn't OECD predict 7.7% for 2013?

Indian economy to grow at 7.7% in 2013:OECD