The Economist: India China export growth rates

[KALKI]

the major reason for the trade deficit is due to oil import.

Oil import is not a factor here. Oil import price is the same for both India and China.

 

[kanpur]

Oil import is not a factor here. Oil import price is the same for both India and China.

but for india imports nearly $60-80bn (or more)worth of oil every year i.e.the reason behind trade deficit out the oil we are not in trade deficit.

 

[KALKI]

but for india imports nearly $60-80bn (or more)worth of oil every year i.e.the reason behind trade deficit out the oil we are not in trade deficit.

China imports even more oil.

Oil import is not a factor here.

 

[ramu]

Why Indian CAD is not a cause for alarm just yet.

Current account deficit likely to be 2.7 percent of GDP: Rangarajan

 

[LaBong]

CD and his flamebaiting, bilalhaider and his new found knowledge of economics, sweet!

 

[KALKI]

CD and his flamebaiting, bilalhaider and his new found knowledge of economics, sweet!

Oh C'mon now!

Don't say such things about our very own Mr. know-it-all.

 

[53fd]

This is what happens when one uses things that are meant for the brain, for toilet.



India

1. Oil price is a universal factor. Same for both India and China.

So what does that have to do with CAD? India still imports a lot of oil, & that is a major factor in its high CAD. I'm not talking about oil price here.

2. Please read The Economist instead of using it for toilet paper.

'A third' means 33.33% and not 60%.

I was recalling it from memory, as I read that figure before. It used to be 50% before till recent times, as you have quoted from your link. Regardless to say, it's still a high % (33.33%)

 

[LaBong]

True, if you look at exports in isolation. The USA has a big export sector as well, more than twice the size of the Indian one, but everyone knows they are a trade deficit nation.

The important thing is the balance of trade. But in order to appeal to your semantics, I will edit my first post.

Again, when great powers are on the rise, they are almost always trade suplus nations. Britain and the USA were, they only started gaining large trade deficits when they entered a phase of relative decline.

India is not yet even a great power yet they already have a trade deficit.

India doesn't strive to be great power, we just want to reach at our former status, i.e. contributing to one fourth of world economy; India has always been a self-contained country.

Yes we do feel jubilant at times, you wouldn't understand, we are from the country which had to sell her gold to feed her children, been through long way since then.

 

[bandit]

True, if you look at exports in isolation. The USA has a big export sector as well, more than twice the size of the Indian one, but everyone knows they are a trade deficit nation.

The important thing is the balance of trade. But in order to appeal to your semantics, I will edit my first post.

Again, when great powers are on the rise, they are almost always trade suplus nations. Britain and the USA were, they only started gaining large trade deficits when they entered a phase of relative decline.

India is not yet even a great power yet they already have a trade deficit.

You seem to have a weak memory, you start arguing on one topic and go on all over the map.

Here is what you said...

Guess what genius? Did you read the title of the article?

"Is India becoming an export powerhouse?"

Check that list to see who the current export powerhouses are. China, Germany, Japan, etc.

India on the other hand, has a trade deficit. When America and Britain were rising powers, they both held the crown of the largest manufacturer in the world.

As you so prominently bolded the part, I gave you a table that shows India is a major exporting country.

You started talking about superpower and rising powers.

If you can't defend your own statements why not keep your trap shut in the first place?

 

[kawaraj]

i don't see the trend is going to change any time soon, just from the Chart.

if global economy rebound fast than we expected, the most beneficiary would be China as its export will hike too.

India sell far few categories of merchandise than China, so it' still long way to go for indian exporters.

 

[53fd]

CD and his flamebaiting, bilalhaider and his new found knowledge of economics, sweet!

It's funny, a kid with no knowledge of economics comes here & starts talking, just like on the other thread that started talking about a 'Hindu growth rate' because he didn't have anything else to respond by in economics. Take a hike kid

 

[KALKI]

So what does that have to do with CAD? India still imports a lot of oil, & that is a major factor in its high CAD.

China imports far more oil than does India. Oil import is not the factor here.

I was recalling it from memory. It used to be 50% before, as you have quoted from your link. Regardless to say, it's still a high % (33.33%)

If only you started using The Economist for its intended puposes rather than using it as your toilet paper.

If only you started reading the article before commenting headlong.

...anyways!

---------- Post added at 10:41 AM ---------- Previous post was at 10:39 AM ----------

It's funny, a kid with no knowledge of economics comes here & starts talking, just like on the other thread that started talking about a 'Hindu growth rate' because he didn't have anything else to respond by

lol Bilal Haider talking of 'knowledge'

 

[ramu]

So what does that have to do with CAD? India still imports a lot of oil, & that is a major factor in its high CAD. I'm not talking about oil price here.



I was recalling it from memory, as I read that figure before. It used to be 50% before, as you have quoted from your link. Regardless to say, it's still a high % (33.33%)

Nothing. You have made a complete U turn and now trying to sound as though someone said US had anything to do with CAD. If you are wrong then accept it. From your memory you said it is 50% but then why did you write more than 60%. When presented with facts, you now seem to clutch straws.

 

[LaBong]

It's funny, a kid with no knowledge of economics comes here & starts talking, just like on the other thread that started talking about a 'Hindu growth rate' because he didn't have anything else to respond by in economics. Take a hike kid

Yes and our resident economist respond to my Hindu growth rate comment as 'Let's not talk about religion in economics thread'.

 

[53fd]

China imports far more oil than does India. Oil import is not the factor here.

For India, which exports far less than China, it does.

lol Bilal Haider talking of 'knowledge'

You don't even know the 'abc' of economics, not even knowing how a CAD can benefit productivity. You probably don't even know the differences between real, nominal & PPP GDPs.