UK slips behind India to become the world's sixth biggest economy

[INDIAPOSITIVE]

https://twitter.com/x/status/1565708559417057281

https://twitter.com/x/status/1565516106135023616

 

[Skull and Bones]

https://twitter.com/x/status/1565708559417057281

https://twitter.com/x/status/1565516106135023616

That’s based on PPP

 

[Yongpeng Sun-Tastaufen]

UK does not produce any consumer electronics.

 

[Piotr]

https://twitter.com/x/status/1565708559417057281

https://twitter.com/x/status/1565516106135023616

It was meant to happen sooner rather than later. Congrats to India. In the future many other countries (eg. Indonesia, Pakistan, Egypt, Mexico) will have bigger nominal GDP than Windsorland.

 

[Leishangthem]

I dislike predicting future ,but I don't estimate indian gdp surpassing japan and USA by 2030,India would be lucky to be in top 4 even.

 

[MH.Yang]

I dislike predicting future ,but I don't estimate indian gdp surpassing japan and USA by 2030,India would be lucky to be in top 4 even.

There should be no problem for India to enter the top three.

 

[kankan326]

cIt was meant to happen sooner rather than later. Congrats to India. In the future many other countries (eg. Indonesia, Pakistan, Egypt, Mexico) will have bigger nominal GDP than Windsorland.

There should be no problem for India to enter the top three.

China's development gives people an illusion that every developing country with big population will become big economic power. Not true. China is an exception, not a universal case for most countries. Most developing countries, including Indian, have a development ceiling. The so-called "middle income trap" can also be explained as these countries hit their development ceilings. Most countries can never reach to developed stage.

India will hit its development ceiling in recent several years. Which means, there will be no real growth for India. All economic growths in paper are just to balance international inflations.

 

[Beast]

Despite overtaking UK economy. It still stuck in the USD 3 trillion mark.

 

[Lava820]

Despite overtaking UK economy. It still stuck in the USD 3 trillion mark.

In 2021-22, India's GDP was $3.17 trillion

 

[Beast]

In 2021-22, India's GDP was $3.17 trillion

Precisely, the 3 trillion mark range is never surpass for many years... All thanks to modi.

India didn't progress but more of UK recess due to stupid leadership and constant lying by UK politician to divert from real problem.

 

[Indos]

In 2021-22, India's GDP was $3.17 trillion

Well, 3 trillion USD and 3.17 trillion USD doesnt have any big different

That’s based on PPP

Correct, thus better to assess the real GDP of any country. Eliminating the currency value bias over USD.

 

[MH.Yang]

China's development gives people an illusion that every developing country with big population will become big economic power. Not true. China is an exception, not a universal case for most countries. Most developing countries, including Indian, have a development ceiling. The so-called "middle income trap" can also be explained as these countries hit their development ceilings. Most countries can never reach to developed stage.

India will hit its development ceiling in recent several years. Which means, there will be no real growth for India. All economic growths in paper are just to balance international inflations.

I said that India can enter the top three, but there will be a big gap between it and the top two.

It's not that India is strong, but that Japan is declining too much, and Germany has only 80 million people.

 

[Lava820]

China's development gives people an illusion that every developing country with big population will become big economic power. Not true. China is an exception, not a universal case for most countries. Most developing countries, including Indian, have a development ceiling. The so-called "middle income trap" can also be explained as these countries hit their development ceilings. Most countries can never reach to developed stage.

India will hit its development ceiling in recent several years. Which means, there will be no real growth for India. All economic growths in paper are just to balance international inflations.

Gross domestic product (GDP) fell by 2.6% in the three months to the end of June

Coronavirus: China economy shrinks on zero-Covid policy

The world's second largest economy slowed after lockdowns across a number of cities.

www.bbc.com

DIVERSIFY MANUFACTURING

Honda is considering building a parallel supply chain

www.supplychaintribe.com

India posts double-digit growth when China heads for slowdown

While the Indian economy is going to clock 7.5 per cent growth this year, the Chinese economy under wolf warrior President Xi Jinping is hit by a teetering real estate sector which is threatening the banking sector.

www.hindustantimes.com

 

[Black Tornado]

We can overtake Germany and Japan in 3-4 years I feel

 

[waz]

https://twitter.com/x/status/1565708559417057281

https://twitter.com/x/status/1565516106135023616

Means little considering the huge Indian population and the terrible living conditions people have.
Let us know when per capita income reaches a level indicating good living standards, you have a free health service and a generous welfare state. I haven’t even gone into innovation, growth industries etc.
This comparison is a joke.