Nouriel Roubini: Indian Tortoise Will Soon Pass Chinese Hare

[Globenim]

You know the irony of this article and thread is you can see it as daydreaming of the tortoise while the hare keeps running.

 

[Raphael]

Why do you treat each of these articles like they're personal insults? I know you phrase your disapproval either as scorn or ridicule but it comes across like you are affronted. What China has achieved over the past three decades is astonishing, I would have imagined that those achievements would lead to citizens who aren't so insecure about their country.

I hope I don't appear "personally affronted", because I'm merely fatigued that mainstream Western media keeps trotting out the same disingenuous articles time and again, leaving very little room for real journalism. Why should we as consumers have to sift through all this shit to get to the real news"

Anyway, if anyone should be insulted, it should be you. These journalists keep setting the same impossibly high benchmarks, and acting as if nothing happened when you don't reach them. Are they being sincere to you when they repeat them, or just patronizing? Do you think they are taking you seriously?

 

[bolo]

Nouriel Roubini

India's greatest stand up comic.

 

[TheMatador]

A few hundred years is "soon" for the tortoise to pass the hare.

 

[bolo]

I dont think anybody believes this anymore.. other than gullible Indians..

it's absurd that a NYU professor like him could even mention it. Further proof higher education does not make you wiser or smarter.
then he goes on and praises Abe's printing mo' money policy.

 

[asquare]

I hope I don't appear "personally affronted", because I'm merely fatigued that mainstream Western media keeps trotting out the same disingenuous articles time and again, leaving very little room for real journalism. Why should we as consumers have to sift through all this shit to get to the real news"

Anyway, if anyone should be insulted, it should be you. These journalists keep setting the same impossibly high benchmarks, and acting as if nothing happened when you don't reach them. Are they being sincere to you when they repeat them, or just patronizing? Do you think they are taking you seriously?

Your fatigue is somewhat understandable, Western commentators find it hard to place themselves outside their own context and understand the way the rest of the world works. I suppose, partly, because hitherto they haven't felt the need to. It'll take them time to adjust to a new reality.

I'm not insulted. I don't really see it as patronising either. They tend to be overly optimistic about India because India fits more easily into their cultural context than China does. That being said, I'm very confident about India over the coming decade myself.

 

[bolo]

Roubini's prediction might not be wrong. But it does sound very unconvincing, coming out of the mouth of a fake economist like him. When charlatans like Roubini, Krugman or Acemoglu start praising China's economy, I will be very worried. Conversely, when they scream and harp on about China's "slow pace of reforms" or "unsustainable growth model", I will be able to breathe a sigh of relief.

No, he's wrong. "Educated" people like him making stupid comments such as India will experience double digit growth beginning in 2016-17 over China is ludicrous. If China grows at 6%, how the **** is india going to grow at 10%? Indian Shaman magic?

 

[bolo]

A few hundred years is "soon" for the tortoise to pass the hare.

assuming the hare is going to stand still and do nothing. Knowing the Chinese, that ain't happening again.

 

[mujhaidind]

It's a feel good article. Let the Indians have their moment.

So true. Hindu India can never overtake China.

 

[Kaniska]

Come on guys...being optimistic is a good thing...but we should be pragmatic too...At least for next 25 year, If India gets a good leader who is non corrupt, then India can sustain its competition with as competetor to China, so forget about being overlapping it...Our economy does not have a strength of its own, it is just an service industry driven economy without any strong fundamentals...where as China has its own strong manufacturing base, then will provide constant return and continue its growth path at least for 10-15 year till China economy matures...On the otherhand, Indian economy will start in a downward turn the moment US or European markets gets impacted...That is the reality...

Rather than competing with size of economy, India should focous on the improvement of quality of life of people..Like there are many small Eurpean nations and even like Singapore too, they are small nation but with high quality of life...That is another perspective of looking at the economy too...

 

[Donatello]

If measuring growth rate is all he has got, then by his logic, Afghanistan would beat all with it's 17.2% growth in 2010, then 8.7%in 2012, 10.2% in 2013 . But we all know how that works.

China is massively huge. It's GDP growth will slow YoY. Which means it can grow a lot more slowly compared to India, from now, and yet still be adding the same billions or more to it's GDP compared to India.

So take this with a pinch of salt, sprinkled on the floor.

 

[FairAndUnbiased]

These types of people actually disdain India - they just do it in a more subtle manner because Indians fit their interests. Whenever India does something against their interests, their fangs come out though. Just look at the MOM reports on BBC.

 

[AZADPAKISTAN2009]

The tortoise is high on ganja