Shinigami
SENIOR MEMBER
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- Mar 15, 2011
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Italy, Canada and Brazil have bigger economies than India does.
List of countries by GDP (nominal) - Wikipedia, the free encyclopedia
(First column is IMF data for 2011. Second column is World Bank data for 2010)
You're overstating the importance of India to the world economy.
for all we know, china might be doing worse than somalia
Marc Faber: Chinese Government Statistics Are Fake | ValueWalk
Chinese government statistics are fake for the most part and if Chinese economy is slowing down there will be more money printing in China. the Chinese government economic figures are meaningless, because they are manipulating most of the economic data, which confirms that there is no economic growth in China this year in fact China’s production of steel, cement and electricity as well as the volume of its exports and car sales are stable or declining compared to last year, which is incompatible with the growth announced by the government he explained
China Is a Black Box of Misinformation - Bloomberg
GDP-ism has become the Chinese government’s strongest ideology, and as such might not be an accurate indicator of reality. In the political and economic matrix of China, rosy statistics are the strongest self-justification mechanism for authority.