Larry Summers: Beware of China and India

[Beidou2020]

i know...it is only allowed for china

India is not even a challenge for China, let alone America.

Once you get half of your population access to proper sanitation, then you have earned the right to compare yourself to African countries.

says the man of a country not free to go against the party line. freedom is a concept chinese are incapable of understanding.

there is a reason why the noveu rich are leaving china at the first instance they can after bribing enough people at enough places !

i would rather have people riding trains in freedom than well fed slaves parroting the party lines from a 50 cent poster..anyday !

and by the way, do it PPP, GPP, PDP, any way you want...it cant measure what matters to us.



and "why" that happened ? because of MMS and congress.

why is the rupee at 60ish ? RBI policy. no strengthening the rupee till the economy can support it. not the other way around.

talking of devalued currency, how exactly did u think china gathered around 3 trillion dollars ????

by devalueing it's currency.

The only freedom you Indians have is freedom to defecate in the streets and freedom to be slave to the white man.

Indian economy is a giant debt ponzi scheme running massive current account and budget deficits which has led to the collapse of the Rupee. Indian economy is a structurally flawed economy with the typical Hindu bureaucracy and backwardness.

The only way India will beat China is in the pipe dream of Indians, never in the real world

 

[Cat Shannon]

India is not even a challenge for China, let alone America.

Once you get half of your population access to proper sanitation, then you have earned the right to compare yourself to African countries.



The only freedom you Indians have is freedom to defecate in the streets and freedom to be slave to the white man.

Indian economy is a giant debt ponzi scheme running massive current account and budget deficits which has led to the collapse of the Rupee. Indian economy is a structurally flawed economy with the typical Hindu bureaucracy and backwardness.

The only way India will beat China is in the pipe dream of Indians, never in the real world

Yes @Beidou2020

Yes @Beidou2020

You're right ! @Beidou2020

happy ?

 

[Speeder 2]

India matching American power?

Who thinks of these nonsense?

That's why this low IQ dimwit Larry Summers said " 2. We stink at predicting the future..."

Don't you see? If we use PPP (aka monopoly money), then India's economy is already the 3rd largest in the world and not actually 1/5th the size of China. As the world's largest arms importer, I'm sure the Russians, Europeans, and Americans accept Indian PPP instead of cold hard cash. I'm sure the Russians will accept Indian PPP for their gas too. Oh wait...they don't. No one does. How silly of me.


By the way, that's insane how China added an entire India, economically, in two years.

And according to PPP, "world's third biggest economy India" still can't afford toilets.

This PPP must be really good. Giveme more!

 

[FairAndUnbiased]

yeah..but that's now ! take a look at a 10 year graph for yuan against dollar, you will see the forceful devaluation to get the maximum out of a dollar !! all developing economies do it. common stuff !!!!!!!

I'm looking at it and I see an unbroken upward trend. Do you mind telling me which graph you are looking at? Maybe you mistook the rupee graph as the RMB graph?

 

[Tshering22]

His country needs to stop meddling and start working on good things that don't end up ruining millions of lives.

Once that is done, there will be very less conflicts in the world.

 

[IsaacNewton]

Due to india size and location, india will always be a consequential geopolitical factor. But to claim that it is on the same league as china is 25 years premature.

 

[Arya Desa]

Larry Summers is right.