The Economist: India China export growth rates

[KALKI]

Thanks, i did'nt know CAD was benign. I think our economic model suits us and will serve us well till about 2015. But after 2015 we should follow CAD surplus cause our workforce will begin to increase whereas of China will begin to decrease and therefore we should invest as much in infra till 2015-16 fiscal, so that we have an export base sector ready. Also R&D should be encouraged.

Now, my dear friend, you are 'in the know'.

 

[Roybot]

From your link:



So a current account deficit, is not necessarily a bad thing in the "short term", if you are using the time to gain a suplus in the future.

When was the last time India had a trade surplus?

2001-2004

Report for Selected Countries and Subjects

 

[KALKI]

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[53fd]

Ok, let India be the biggest exporter in the world. What's the use of being the biggest exporter in the world if you import more than you export, & have a huge CAD? There's a famous quote: "It's not about how much money you make, it's about how much you get to keep". Pretty true in India's case.

 

[KALKI]

Ok, let India be the biggest exporter in the world. What's the use of being the biggest exporter in the world if you import more than you export, & have a huge CAD? There's a famous quote: "It's not about how much money you make, it's about how much you get to keep". Pretty true in India's case.

Current Account Deficit Definition

 

[53fd]

Current Account Deficit Definition

So what's your point? Did I say anything wrong?

 

[KALKI]

So what's your point? Did I say anything wrong?

If only you knew that having a CAD wasn't necessarily such a bad thing after all.

 

[oct605032048]

Guess what genius? Current Account is dependant on a lot of things than just wikipedia.

Afghanistan has better current account balance than both India and Pakistan, as per your own link

Hence, Afghanistan is a bigger exporter than both India and Pakistan, I guess, eh?

Why are you laughing when your country is doing worse than afghanistan?

 

[53fd]

If only you knew that having a CAD wasn't necessarily such a bad thing after all.

So basically you're saying it's always a good thing, right? Can you explain to me how having such a high CAD in this/India's case is good for India, talking about India's situation specifically?

 

[KALKI]

Why are you laughing when your country is doing worse than afghanistan?

'Coz laughing is good for health.

 

[IndoCarib]

Ok, let India be the biggest exporter in the world. What's the use of being the biggest exporter in the world if you import more than you export, & have a huge CAD? There's a famous quote: "It's not about how much money you make, it's about how much you get to keep". Pretty true in India's case.

When we actually become the biggest exporter in the world, we will automatically cease to import more than we export.

 

[KALKI]

So it's always a good thing?

If only you knew what 'not necessarily' means.

 

[53fd]

If only you knew what 'not necessarily' means.

Please answer the rest of my post:

So basically you're saying it's always a good thing, right? Can you explain to me how having such a high CAD in India's case is good for India, talking about this/India's situation specifically?

 

[IndoCarib]

Why are you laughing when your country is doing worse than afghanistan?

You didnt understand a thing Kalki was saying. Economics is not your cup of tea !

 

[oct605032048]

I think such verbal nuances in economics should not be used. It doesnt seem fair if India says to Pakistan our exports are twice your GDP.
China is an export oriented economy, so naturally it has high export orders which help world growth. By the way India latest data puts it at $ 1.789 trillion economy. You just missed by 189 billion.

Cheers

You are talking about China and india comparison why drag Pakistan into this?