The next big economy in Asia?

[ahsanraza81]

hmmm...maybe

 

[Nirvana]

In Asia , Its china For the moment
Next to Japan

Though India is Catching up fast

 

[Jade]

I have a question guys.I still dont understand what`s PPP for can anyone help me on this.even though I read it many times now I`m still kinda confused

PPP takes into account the relative cost of living and the inflation rates of countrieswhile Nominal GDP only takes exchange rates

Living standards are measured with PPP while wealth is measured by Nominal

 

[Water Car Engineer]

In Asia , Its china For the moment
Next to Japan

Though India is Catching up fast

No, it was Japan at first then came China then comes maybe India.

1st Japan's moment 2nd China's moment 3rd India's moment hopefully

 

[ahsanraza81]

hmmmm...maybe

 

[Zeeshan360]

No, it was Japan at first then came China then comes maybe India.

1st Japan's moment 2nd China's moment 3rd India's moment hopefully

Now it's China 1st , Japan is 2nd and India 3rd

 

[Zeeshan360]

hmmm...maybe

hmmmm...maybe

 

[Chow chow]

India is the biggest economy in south Asia

3rd biggest in Asia and

8th biggest in the world

 

[cuncon1202]

The world measures the relative sizes of economies based on PPP terms (and that is only why that metric was invented in the first place... remember Mac-Index?), as that highlights the actual 'value' of production and consumption (economic activity) and thus helps economists to understand the relative levels of prosperity and growth...

In Asia, China is the first and by a very very comfortable margin, Japan is 2nd and India is 3rd ... However, after the recent natural disasters and the following nuclear disasters has pushed Japanese economy in a recesion and has Shrunk by more than a percentage for the second quarter on thr trot and a look at that, with an expected 8.5-9% growth in India will give you a very clear idea that it is a matter of 1-2 years (just because Inflation takes away some meaning of our growth numbers, else it would have happened in 1 year) that India becomes the second biggest economy in Asia... Some numbers for your reference (PPP numbers from CIA Factbook):

1. USA - 14.9 Trillion
2. China - 9.9 Trillion
3. Japan - 4.3 Trillion (degrowing by ~1% annualy)
4. India - 4.0 Trillion (growing by 9% on average)
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html

In South Asia, we are the leader by miles as the second country on the list (Pakistan) is at 451 Billion

so, India is the next big economy in Asia!

 

[kawaraj]

Indian economic growth will slow to only more than 7 percent, dont ask why, check out your hindustantimes.com

 

[kawaraj]

Why I remember even south Korea economy is bigger than india's?

 

[TopCat]

Yes. I agree. I said the second biggest economy after China in Asia is Japan. But be it 15 years or 100 years, i can see India over-taking Japan soon, just like how China will over-take the US soon. Japan is in a decline.

Anyway, on topic. India is by far the biggest economy in South Asia.

It will probably take 100 years for China or India to overtake per capita income of Japan. Japan will keep its position by providing knowlege base services to the billions in China and India and make the quality of life to its citizen even better. A prospersous India and China is good for whole world as it will add 2 more billion consumers.

 

[Tiki Tam Tam]

Bangladesh will overtake all!

Just my gut feeling based on the posts I read.

 

[Water Car Engineer]

Now it's China 1st , Japan is 2nd and India 3rd

Japan had its massive economic growth in the 80s. When China and India wasn't even thought about. Then came China. And hopefully India is next.

 

[Balwinder Singh]

Bangladesh will overtake all!

Just my gut feeling based on the posts I read.

This deserves to be put on uncyclopedia