Is India really growing faster than China?

[AndrewJin]

I always thought you would achieve the Developed country tag by 2030s and I don't mean developed in the sense of Eastern Europe

That won't be a problem in some provinces...
I guess my province will reach the real developed level around 2030-2040.
But we also have our poorest Guizhou Province, probably 2050-2060.
It's not just about building infra...
Concerning infra, Guizhou is actually much better, but there are also index like life expectancy, college student ratio, productivity per capita, etc.

6000km expressway, 10,000km expressway in 2020

Locals even make a music video bragging their roads titled "every county is linked with expressways".
My a***.

Have a look at a video about one county in Guizhou.
You probably will know how hard it is to develop.
Sometime I am thinking, why not just move all the people to other provinces?

Pingtang County, Guizhou Province

 

[sweetgrape]

It depends on how you define developed.



Bro, I have zero clue on what you are talking about.

Ok, nevermind, forget it.

BTW, By my standard, Modi is also not a qualified PM, Maybe not do better than your EX-PM, but, at least, now, he can make you feel comfortable mentally.

 

[randomradio]

BTW, By my standard, Modi is also not a qualified PM, Maybe not do better than your EX-PM, but, at least, now, he can make you feel comfortable mentally.

Why is that?

 

[AndrewJin]

Claim down...everyone....
It's great for every country to develop....


Enjoy some videos about China's natural beauty....
Have some tea and snacks

Eastern China

Western China

Southwest China

Southern China

btw, I've been to 90% places mentioned in the above videos.

 

[UKBengali]

I think for relatively smaller countries like BD and SL, becoming relatively developed is foreseeable.
SL is becoming like a hub between the East and the West.
BD is really close to East Asia-ASEAN, can be comprehensively integrated into this manufacturing powerhouse.

BD is not that small population wise though. We are looking at a population peaking at around 200 million by 2030.

BD would need to get good stable government for many decades if it is to have any hope of
being a developed country this century. This is something it has never had.

 

[Shotgunner51]

BD is not that small population wise though. We are looking at a population peaking at around 200 million by 2030.

BD would need to get good stable government for many decades if it is to have any hope of
being a developed country this century. This is something it has never had.

Yes are right, BD is definitely not small in many absolute terms, world's 8th largest population in particular, which is targeted to reach 200M by 2030! Abundance of manpower is both a challenge as well as opportunity.

• Trends are promising, say BD is already second largest RMG manufacturing hub, that's a very impressive result. I believe her economy will continue to expand along this path of light industry, which can absorb large amount of labor.

• Challenges are on how to attract more investments (especially on infra, vocational training), how to improve connectivity with major investors or markets.

Wish BD can mitigate these two primary challenges, and successfully capitalize on her industrialization opportunity, good luck!

 

[UKBengali]

Yes are right, BD is definitely not small in many absolute terms, world's 8th largest population in particular, which is targeted to reach 200M by 2030! Abundance of manpower is both a challenge as well as opportunity.

• Trends are promising, say BD is already second largest RMG manufacturing hub, that's a very impressive result. I believe her economy will continue to expand along this path of light industry, which can absorb large amount of labor.

• Challenges are on how to attract more investments (especially on infra, vocational training), how to improve connectivity with major investors or markets.

Wish BD can mitigate these two primary challenges, and successfully capitalize on her industrialization opportunity, good luck!

One of the biggest hurdles is that BD needs to grow other industries like electronics, pharmaceuticals and
IT to become major export earners like garments is currently. While both BD electronics and pharmaceutical
companies totally dominate the home market, their export presence is tiny at the moment.

 

[faithfulguy]

India Constitution is both written in English and Hindi

True. But the English version is the authoritive version.

 

[Shotgunner51]

One of the biggest hurdles is that BD needs to grow other industries like electronics, pharmaceuticals and IT to become major export earners like garments is currently. While both BD electronics and pharmaceutical companies totally dominate the home market, their export presence is tiny at the moment.

I would describe electronics and phramaceuticals as future potential instead of as hurdles, there many more opportunities lying ahead while BD gradually industrializes in her growth curve.

The international export market is very competitive, it would be safer to reinforce competitiveness of an already leading industry say RMG through:

1. High degree of industrial concentration, hence lower cost, higher bargaining power, better capital efficiency, BD should secure position as 1st largest in the world.
2. Vertical expansion along supply chain, say go upstream into materials, components, tools, even agriculture/mining, or go downstream into distribution, brand marketing.
3. Synergic horizontal expansion, explore other industries that have business synergies with RMG.

 

[UKBengali]

I would describe these as future potential instead of as hurdles, there many more opportunities lying ahead while BD gradually industrializes in her growth curve.

The international export market is very competitive, it would be safer to reinforce competitiveness of a leading industry say RMG through (1) high degree of industrial concentration, hence lower cost, higher bargaining power, better capital efficiency, BD should secure position as 1st largest in the world (2) vertical expansion along supply chain, say go upward into materials, components, or downward into marketing (3) horizontal expansion into other industries that have synergy with RMG.

You are right in that BD can do a lot more with garments in both increasing the volume and also the value-add through materials, components etc. The fact that China is starting to move away from this industry
due to it's ever rising labour costs should help.

As for other industries like pharmaceuticals and electronics, you are also correct that they should be more accurately termed future potentials. The export market is highly competitive and BD companies will need to offer exceptional price/performance ratio to make significant progress. In the meantime they are making good progress in a domestic market of 160 million, with an ever higher share of the population that is able to afford these products every year.

 

[ChineseTiger1986]

India has already used the SNA 2008, while China still uses the SNA 1993.

 

[Dungeness]

My mistake, I thought you were talking about something else. Between I think you are underestimating yourself

In Chinese culture, "over promise but under delivery" is not considered a good trait. We learnt our share of lessons in recent history.

 

[S10]

India may actually be growing faster than China, due to recent slow down in the Chinese economy. Does that mean it will surpass China? No. A 14 years old teenager at the height of his puberty will grow faster than an 18 years old Yao Ming, but that doesn't mean he's going to end up taller.

 

[faithfulguy]

India has already used the SNA 2008, while China still uses the SNA 1993.

So India is growing faster because of accounting tricks only. Sad but true. The only benefit is for Indians to boast more in PDF.

 

[Jlaw]

Atually, this is exactly my point. India believes China is her equal. Nehru even unilaterally invented the phrase Hindi Chini Bhai Bhai(Indians and Chinese are brothers). In reality, they are not historically, economically, politically, culturally, and genetically(im glad i do not have ridiculously-bad body odour).

Past memories of colonialism atually drives a sharp dagger into the hearts of Indians today. Just go to any India-related forums and one can always see resentful comments about how the british looted everything from india. The caste system was atually amplified and put to effective use by the British to 'divide and rule' the Indians. It is easy to come to this conclusion if one were to research on this subject.

But the truth is that Brits made India a unified country. There was no india at the time but various kingdoms. in fact indian laws are copied primarily from British laws. i would argue that british was good for india and one time where the colonizer did good for the colonized.

Yes are right, BD is definitely not small in many absolute terms, world's 8th largest population in particular, which is targeted to reach 200M by 2030! Abundance of manpower is both a challenge as well as opportunity.

• Trends are promising, say BD is already second largest RMG manufacturing hub, that's a very impressive result. I believe her economy will continue to expand along this path of light industry, which can absorb large amount of labor.

• Challenges are on how to attract more investments (especially on infra, vocational training), how to improve connectivity with major investors or markets.

Wish BD can mitigate these two primary challenges, and successfully capitalize on her industrialization opportunity, good luck!

Bangladeshi are different than indians. I think they will be a future manufacturing powerhouse over india. Based on BD improving every year on HDI as well as my personal experience working with some of these guys. hard working compared to indians.