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

[TheTruth]

lol same old same old. Learn to floss and use toothpaste, and then open your mouth to the world.

Is this a bizarre claim of superior dental hygiene on the part of the brainwashed serf?

 

[Bombaywalla]

Is this a bizarre claim of superior dental hygiene on the part of the brainwashed serf?

YU SMELL BAD. Y U NO USE TOOTHPASTE? Y U NO FLOSS?

 

[$@rJen]

You guys are delusional.

This data is compiled by Western and international organizations, and reported by the Indian media itself. Yet you guys still can't believe it.

India has more slaves than any other country - Economic Times

India has more slaves than the rest of the world combined, that is a fact. What you are talking about is just something you invented in your head.

I understand being a slave of CCP is difficult.. But don't worry Sheldon will take care of you

 

[deltaforce81]

Doesn't India really need double digit growth figures to lift it's massive population out of poverty?

 

[anant_s]

6,6% for 2016?isn't it slow?it means india will take atleast 3 more years to reach 7% mark

Perhaps not 3 years.
New government has been simplifying the matters and trying to improve upon the business environment. it is also looking to cut the GDP deficit, recently Diesel was made completely de-regulated. However considering the way previous government worked (or rather didn't), things might take 2-3 years to get back on the track.

from the highs of 9+% growth, we have come down to almost half that value in last fiscal year and the gloomy financial conditions globally didn't help the matter coupled with economic BAD policy at home itself along with High Inflation.
Central Bank (RBI) has since been battling inflation mainly by increasing the interest and borrowing rates and that is one reason why manufacturing isn't picking up.

Modi govt is trying to revive the investment cycle and has taken several bold decisions mainly on front of attracting investment and transparency in policy formation. It is looking to revive manufacturing and agriculture which have become laggards and affecting growth seriously.

Experts are predicting a growth rate of about 5-5.5% this year and from there it should pick to higher values of 7.5%+. Recent victories for ruling government has also boosted the market sentiment and the markets have rallied significantly this year rising about 29% .
If the trends continue, the economy should be back to 9%+ rates in 2-3 years time.

If i were you, I'd worry why China's GDP came down from 7.7% to 7.3... and further going down.. While Indian economy though very low is Improving every year.. last year it was 4.7% this year 5.4%.. See the chart .

Yes in all likelihood, it has already bottomed out and things are already looking up. Political stability and a pro-growth government is helping too.

 

[dray]

LOL, always "next year".

It's been that way since I joined the forum four years ago.

The problem of course is that China's GDP as of 2014 will be around $10.4 trillion, compared to India's projected GDP in 2014 which is around $2 trillion.

The difference in the size of the base economy has now ballooned to 5 times.

Due to our large base economy, we add over $1 trillion to our GDP in one year. That means every two years we are essentially adding another India.

Actually no, the One Child Policy has already been scrapped.

And China has a much lower dependency ratio than India:

Age dependency ratio (% of working-age population) | Data | Table - World Bank

Which means China has far less dependents per working age person than India does. Which shows in our vastly better economic performance than India.

Anyway, Britain only has a working age population of around 20 million, yet their GDP is much higher than India! With such a small working age population, they produce more output than India does.

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.

 

[INDIC]

"Loss making", lol. All of the infrastructure projects that you desperately wish you had 30 years ago would all have been "loss making" in the initial stages.

India may reach 6.6% growth, but lets hope Sri Lanka, Pakistan and Bangladesh grow even faster. Sri Lanka is already much richer, Pakistan is stabilizing and Bangladesh is superior in social indicators.

Ok, I read your comment but its unable to refute anything.

 

[Chinese-Dragon]

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.

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.

 

[INDIC]

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.

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

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.

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.

The question is, can China keep the trend running as your low cost manufacturing is already losing its steam because of fast expanding salaries.

 

[Shishike]

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



The question is, can China keep the trend running as your low cost manufacturing is already losing its steam because of fast expanding salaries.

do you know how many robots we purchased last year?

 

[INDIC]

do you know how many robots we purchased last year?

Robots?

 

[Shishike]

Robots?

instead of labors, but dont worry, Indian have lots of slaves to use, and cheap enough in several decades.

 

[Chinese-Dragon]

Robots?

China is currently the largest market in the world for industrial robotics.

And our national infrastructure and supply chains are already in place. Even today, industrial robots are cost effective in many areas.

By the time India builds a national manufacturing base (it took us 40 years), then industrial robots will be far more efficient than they are today.

 

[INDIC]

instead of labors, but dont worry, Indian have lots of slaves to use, and cheap enough in several decades.

Why are Chinese so obsessed in calling others as slaves, is it getting rid of some complexion regarding themselves.

China is currently the largest market in the world for industrial robotics.

And our national infrastructure and supply chains are already in place. Even today, industrial robots are cost effective in many areas.

By the time India builds a national manufacturing base (it took us 40 years), then industrial robots will be far more efficient than they are today.

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

 

[ito]

Actually OECD cuts India's forecasted growth from 5.7% to 5.4% this year. 6.4% is the foretasted growth for 2015-2016.