New Dead Line: India must try to become developed country by 2030: Jaitley

[rendong]

HDI score = quality.



You haven't understood.

Let me make it simpler. China and Kerala have similar HDI scores.

Kerala's per capita income in 2016 is $3100.
China's per capita income in 2016 is $6900.

Do you see the difference here? Less than half the per capita but similar HDI scores.

So 15 years later, Kerala may compete in HDI with the US and France with possibly 1/5th the per capita income. That is called affordable development.

Similarly I'm sure China will compete with US and France in HDI scores with less than half the per capita income in the next 10-15 years.



It can be replicated in 15 years.

The thing is unlike most small countries, India has the potential to create world beating companies that can attract money and talent, like the US does.



Can't compare the technology levels of Indonesia with India.

Since countries like India and China are large, development can happen at a much larger scale with a smaller per capita. For example, both India and China have started building bullet trains with a low per capita income. While small countries can do so only when they have 2x the per capita income because they do not have the population advantage.



If policy changes are robust and actually work, then we will see a transformation to countries like Thailand and Malaysia are today by 2025.

For example, the govt wants universal healthcare, they want to triple and then quadruple healthcare spending by that time, while also reducing the cost of healthcare by more than half.

Then they have started a housing development scheme where every single Indian family will have a house. It started in the mid 80s, but it's got a new booster dose under the new govt. That takes care of sanitation.

Education is undergoing structural reforms as well.

China per capita GDP 8,123.18 USD 2016， in 2018, $10000 per capita.

 

[TruthTheOnlyDefense]

What are you guys actually arguing about? India has a long way to go to be considered a developed country, India is not even considered in the same league as Malaysia, Thailand, Indonesia etc. There is nothing to argue or debate about, instead of Indian's arguing on a stupid website, they should try and get their country developed first.

Like I have said India has a long way to go, they have a lot of problems although they are starting to fix those problems, but the problems are huge 300 or 400 million people live in worse conditions than Sub-Saharan Africa, then you throw in all the other problems/issues.

It won't take 23 years to make India a developed nation, it will take 100 years at least, yes India are making strides, but India needs to change culturally, it's a mindset thing, as long as India still has infanticide and the way Indians treat women India is going nowhere fast.

Even in China there is poverty, and infanticide don't believe the crap Chinese posters on here will tell you, China has a lot of problems as well, they are just good at sweeping it under the carpet and pretending it doesn't happen, the fancy buildings etc are all just a cover up a distraction, you scratch just a little below the surface and you will see what the truth in China is.

No country is perfect, no country is better than the other, there are problems everywhere, but given a choice I am glad I was born in Australia.

 

[rcrmj]

a slumd0g lives in a sewer brags to a well rounded millionaire how clean its sewer is compared to that millionaire's guest toilet`````and the funny part is that slumd0g has never left the sewer it dwells in````

 

[Menthol]

That's incorrect. You can even call it as propaganda or perhaps even ignorance.

The world can sustain a human population many times more at the same level as western population. What we lack today we will have tomorrow. For example, we need clean energy and much more advanced recycling technologies.



I think you should reserve judgement until you visit India in 2030. Today's India is still a 3rd world country. The article speaks of 2030.

India is now going through the same kind of aesthetic transformation of cities that developed countries have gone through.



Meh, there are different ways HDI is calculated. I think I saw inequality adjusted HDI figures for US and France and compared it to Kerala's HDI.

https://en.wikipedia.org/wiki/List_of_countries_by_inequality-adjusted_HDI

Big deal. It has not changed the point. Kerala's going to have a lower rise in per capita compared to the US but will see a major boost in HDI anyway over the next 15 years.

Kerala's HDI was 0.62 in 2011, today it appears to be 0.72, probably last year's figures. It shows that you don't need to be very rich to have high HDI. And also that improvements can be made very quickly. So Kerala will achieve western HDI figures first in India and that will happen with a very low per capita income.

In 2011, India's score was 0.55.
http://www.kseboa.org/news/india-ranks-low-134-in-human-development-index-2011-02111895.html

In 2015, the score was 0.62.
http://www.livemint.com/Politics/Nc...global-Human-Development-Index-Norway-No.html

If India continues to increase at this pace, we will reach 0.83 in 2027. With a modest per capita growth of 6.5%, India will only be worth less than $4000 by 2027.

You can't use China statistic data to compare it with India. And then create a roadmap of India development based on it.

Because China's data are mostly wrong. China real data is actually much higher than being reported. Whatever from HDI to economy growth. I can say China is actually far surpassing Thailand.

And India data is also wrong too. As the reality is much lower than being reported, including economy growth.

One day India's HDI and GDP per capita will be equal to today China. But you wont see the same development level, as well as wealth and economy power as China today.

 

[randomradio]

Yeah the same old disillusioned terms. Future, growth, 2030 etc. You're no different from those Indians back in 2008 who boast India will be a superpower in 2012.

Why not extrapolate further and say that India will reach 1.00 HDI in 2050?

So you would rather hide behind silly politics rather than facts and figures?

China per capita GDP 8,123.18 USD 2016， in 2018, $10000 per capita.

Cool. That makes Kerala look even better.

 

[Mista]

So you would rather hide behind silly politics rather than facts and figures?

Elaborate. What silly politics am I hiding? What facts and figures? How is it a 'fact' when it doesn't even happen yet? It's just you and your disillusions in 2030.

 

[randomradio]

You can't use China statistic data to compare it with India. And then create a roadmap of India development based on it.

Because China's data are mostly wrong. China real data is actually much higher than being reported. Whatever from HDI to economy growth. I can say China is actually far surpassing Thailand.

And India data is also wrong too. As the reality is much lower than being reported, including economy growth.

I have not used China's data at all.

And India's data is not wrong. India's poverty line is measured at $2 for rural India and $3 for urban India, both figures are larger than the $1.9 that the WB uses.

One day India's HDI and GDP per capita will be equal to today China. But you wont see the same development level, as well as wealth and economy power as China today.

This doesn't even make sense. If HDI and per capita incomes become equal to China, then the development level, wealth and economic power will be equal to China as well.

If two countries have a HDI of 0.8, then the development level of these two countries are the same.

Elaborate. What silly politics am I hiding? What facts and figures? How is it a 'fact' when it doesn't even happen yet? It's just you and your disillusions in 2030.

The fact that India's HDI figures are improving fast is a fact.

India is adding a little more than 0.1 to the HDI score every year with very sketchy economic growth. And this was without a proper health, education and food policy. Now we are overhauling all three in a very significant manner. So it's obvious the score will improve faster.

 

[Mista]

The fact that India's HDI figures are improving fast is a fact.

India is adding a little more than 0.1 to the HDI score every year with very sketchy economic growth. And this was without a proper health, education and food policy.

Lolno. You don't use linear extrapolation on HDI because of diminishing returns. Life expectancy and mean education level gets more difficult to increase from a higher base. It's much easier to raise your life expectancy from 70 to 75 than 75 to 80. Not even the US reached a life expectancy of 80 and they have basically plateaued.

Like I said, why don't you extrapolate India's HDI figures to 2050 then? India will be the first country to reach a HDI of 1.00 going by your logic.

Now we are overhauling all three in a very significant manner. So it's obvious the score will improve faster.

Lmao. So instead of linear extrapolation which is already flawed, you're suggesting India will experience a exponential uplift in HDI?

 

[rcrmj]

I have not used China's data at all.

And India's data is not wrong. India's poverty line is measured at $2 for rural India and $3 for urban India, both figures are larger than the $1.9 that the WB uses.



This doesn't even make sense. If HDI and per capita incomes become equal to China, then the development level, wealth and economic power will be equal to China as well.

If two countries have a HDI of 0.8, then the development level of these two countries are the same.



The fact that India's HDI figures are improving fast is a fact.

India is adding a little more than 0.1 to the HDI score every year with very sketchy economic growth. And this was without a proper health, education and food policy. Now we are overhauling all three in a very significant manner. So it's obvious the score will improve faster.

get out the disgusting slume just for once to see the real world for your holy cow's sake```your delusion is beyond any human known boundary````especially for people like us who have traveled dozens of countries, spent years abroad````and India is one of them, to me it is the most chaotic, poorly planned and disgusting of them all, and thats a fact!
cow will speak Vedic before India becomes developed, and thats a fact too

 

[Nan Yang]

And India's data is not wrong. India's poverty line is measured at $2 for rural India and $3 for urban India,

really?

 

[MULUBJA]

Unlikely, money and poverty alleviation aren't the only factors of developed status.


Eeeeeehhhhh, debatable

If India continues to grow at a significant rate, and invests in human development, it could become developed this century (though, I doubt it will be by 2030).

You hit the nail. GDP measurement has many deficiencies. If you have 300 USD, you can not do just a week EUROPE or US but you can very happily in subcontinent. SO GDP PPP is not the proper criterion. We must focus on rural development, education, Health, Rivers reviving, Water conservation, Agriculture and well being of our population. Believe me we can be very happy countries if we focus properly on our developmental priorities.

especially for people like us who have traveled dozens of countries, spent years abroad``

Still you are unable to get rid of the fitly education implanted in your small brain. Whenever you write here anything, it does not give an impression of someone who has traveled so extensively. You always sounds like a brain washed idiot without any exception.

 

[rcrmj]

You hit the nail. GDP measurement has many deficiencies. If you have 300 USD, you can not do just a week EUROPE or US but you can very happily in subcontinent. SO GDP PPP is not the proper criterion. We must focus on rural development, education, Health, Rivers reviving, Water conservation, Agriculture and well being of our population. Believe me we can be very happy countries if we focus properly on our developmental priorities.



Still you are unable to get rid of the fitly education implanted in your small brain. Whenever you write here anything, it does not give an impression of someone who has traveled so extensively. You always sounds like a brain washed idiot without any exception.

to deluded, ignorant and inferior complex Indian, yeah reality does seem idiotic to you funny people,
primitive factor driven economy, check WIPO's latest nation's competitiveness report 2017, indeed, that is where reality puts you country at```

 

[ashok mourya]

India likely to be $6 trillion economy in 10 years: Morgan Stanley
By PTI | Sep 27, 2017, 08.54 PM IST

MUMBAI: India is expected to be a USD 6 trillion economy -- the third largest in the world -- in the next 10 years, majorly helped by digitisation, says a report.

According to global brokerage Morgan Stanley, India's digitisation drive would provide a boost of 50-75 basis points to GDP growth in the coming decade.

"We estimate that digitisation will provide a boost of 50-75 basis points to GDP growth and forecast that India will grow to USD 6 trillion economy and achieve upper-middle income status by by 2026-27," Morgan Stanley head India research and India equity strategist Ridham Desai told reporters here.


"We expect India's real and nominal GDP growth to compound annually by 7.1 per cent and 11.2 per cent respectively over the coming decade," he added.

Citing the report 'India's digital leap - The multi-trillion dollar opportunity' released today, Desai said apart from some short term teething problems including implementation of GST, there is scope for visible shifts in economic activity starting in 2018 which would eventually lead India to be the top five equity markets in the world with a market capitalisation of USD 6.1 trillion and the third-largest listed financial services sector around the globe with a market cap of USD 1.8 trillion by 2027.


India's consumer sectors is also likely to add about USD 1.5 trillion over the next ten years.

"We project gross FDI inflows amounting to USD 120 billion by FY'27, almost double the current 12-month trailing run rate of USD 64 billion," Desai said.

Accordingly, Desai also noted that stock markets are likely to remain robust as a stronger economic growth should drive stronger corporate earnings growth.

Desai also said the country is also likely to witness strong domestic participation in equities.

"We project equity saving of USD 420 billion USD 525 billion over the next ten years, versus the respective USD 60 billion and USD 120 billion that households and foreign portfolios invested over the previous ten years," he said.

While the report exudes confidence that India's growth story is to continue, it also identified certain risks.

These are with respect to political stability, privacy debate over Aadhaar, and implementation of GST, among others.

The report said that while the Supreme Court has made privacy a fundamental right in a recent judgement, private parties will likely continue to question whether Aadhaar violates privacy rights.

"Any adverse judgement in the courts could derail one of the main anchors of our framework," it said.

Further, it noted that GST is expected to disrupt smaller businesses causing job losses and a general slowdown in economic growth, however, it is likely to lead to lower public debt to GDP subsequentl

 

[MULUBJA]

to deluded, ignorant and inferior complex Indian, yeah reality does seem idiotic to you funny people,
primitive factor driven economy,

This shows how eveloved human being you are. You are personification of dump of garbage. DO not eat dogas fried in gutter oil. Drink cow milk. Your mental health will improve.

 

[TruthTheOnlyDefense]

LOL so funny.