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

[SoulSpokesman]

@Black Tornado

It is perfectly possible for an economy to have exports to be 100% or even greater of the GDP. Typically these countries would have a very high share of manufacturing or trading exports in their GDP; and a very large imported component too.

Regards

 

[Black Tornado]

@Black Tornado

It is perfectly possible for an economy to have exports to be 100% or even greater of the GDP. Typically these countries would have a very high share of manufacturing or trading exports in their GDP; and a very large imported component too.

Regards

Well it simply would mean that value addition is less, by that there are mainy countries that are re-exporting hubs so such nations’ export figures aren’t worthy.

 

[-=virus=-]

On the ground tangible dikhao, infra etc

yahan pukhai mar re, "ahead of UK"

 

[migflug]

"Nomura expects India's GDP growth to slow from 7.0% year-on-year in the current fiscal to 5.2% in the 2023-24 fiscal year".
There is lot that needs to be done, our bane (weak manufacturing) needs to be diluted as soon as possible or we will see a sub 4-5% in longer run. Unless and until our manufacturing improves, high growth in the long run is infeasible. But things are moving in the right direction with the advent of PLI schemes, hopefully, we capitalise on that.

 

[Indos]

ASEAN states are rich in natural resources on per captia basis compared to India and South Asian countries.
Can ASEAN rival India in software sector ? A lot of ASEAN states are backward - Myanmar, Cambodia, Philippines, parts of Indonesia

Dont forget your coal production is way higher than Indonesia and has large raw material for steel industry.

Indian software sector is mainly boosted by Indian using English in much of their states, English is much more welcomed in India compared to your own national language. English proficiency among Indian university graduates enable Indian service companies, including in software sector, to get huge chunk of Western outsource market, just see your service export figure, it shows your software industry is boosted by the service export due to Western outsourcing market.

Indonesia will likely to catch up inshaAllah as we now starts teaching English to our kids in their elementary school, compared to in the old days when we were introduced with English starting in our junior high schools.

Much improvement nowadays by seeing our kids below 12 years old have already been conversing in English.

Well our rural areas are catching up with huge funding by Jokowi administration. It is widely known about our program to fund village with huge money, something unheard in previous administration. We also have made law to fund education of 20 % of our state budget.

The fund doesnt only come from our education ministry but also our religious ministry as religious ministry fund our state owned madrasah. The best high school in Indonesia is state Madrasah, out of 20 best high schools in Indonesia, 13 are public high school (state owned and free of charge).

Local Province administration also provide fund for teachers salary, like happening at least in Jakarta, basically Jakarta school teachers salary (civil servant) in entry level is already quite good, at 7 million Rupiah (470 USD) per month, that was 7 years ago, dont know for current salary.

 

[MH.Yang]

Lol, so what China can pull off, every country can do it too? over 10 years ago around the 2008 Beijing Olympics China was already among the world top industrial, manufacturing and trading nations, what about today's India? You can cry about whatever rate you will grow, but you need a base, don't you?

Your method of comparison is wrong. In 2007, China's GDP was 3.55 trillion US dollars. It is similar to India's GDP(2.9 trillion) in 2021.

However, this does not mean that 2021India has reached the level of 2007China. Because the value of $3 trillion in 2007 is significantly higher than that of $3 trillion in 2021.

I suggest this comparison. In 2021, the global GDP will be 96.1 trillion US dollars. India accounted for 3%. In 1997, the global GDP was 31.62 trillion US dollars. China's GDP is 961.6 billion US dollars, accounting for 3%. So India in 2021 should be equal to China in 1997.

The real economic gap between China and India should be 24 years.

However, from 1990s to 2011, China always maintained an economic growth rate of 10 +%. And India cannot achieve our speed. So if India wants to reach the level of 2021China, it will take far more than 24 years.

 

[Leishangthem]

This year is a painful year for the whole world. Not only South Korea and Japan, but also Germany have trade deficits. The only bright spot is Vietnam.

The IMF predicts that only China and those resource exporting countries will have surpluses this year. Vietnam was the only country whose performance exceeded expectations.

All US lackeys will have trade deficit and high inflation,they have to back US embargo on russia in some form or the other.

India has ZERO covid restrictions,almost 1 in 4 Indian has covid ,but luckily,omricon isn't dangerous like earlier variant,so China should also also relax this outdated covid lockdown stuff and approach a technology based approach that prevents serious cases .Spend the resources on screening and aid to patients rather than lockdowns.
India is operating like no covid world scenario,with no regards for anything,on top of cheap russian old. India is better off now than it was before covid in that regard,at least in some way.Whole world is spending resources on covid management while the west is also making veiled embargo on russian oil and gas,meanwhile India alone is pushing on like there's no covid and also relishing on cheap russian oil,India has no reason to not grow like pre covid trajectory.It would be shame if India still failed to get substantial growth.

 

[Farhan Bohra]

Logo ki Sach mein bahut jalati hai. Wtf are we comparing ASEAN vs India. Mi gaad the idiocities.

 

[nahtanbob]

Dont forget your coal production is way higher than Indonesia and has large raw material for steel industry.

Indian software sector is mainly boosted by Indian using English in much of their states, English is much more welcomed in India compared to your own national language. English proficiency among Indian university graduates enable Indian service companies, including in software sector, to get huge chunk of Western outsource market, just see your service export figure, it shows your software industry is boosted by the service export due to Western outsourcing market.

Indonesia will likely to catch up inshaAllah as we now starts teaching English to our kids in their elementary school, compared to in the old days when we were introduced with English starting in our junior high schools.

Much improvement nowadays by seeing our kids below 12 years old have already been conversing in English.

Well our rural areas are catching up with huge funding by Jokowi administration. It is widely known about our program to fund village with huge money, something unheard in previous administration. We also have made law to fund education of 20 % of our state budget.

The fund doesnt only come from our education ministry but also our religious ministry as religious ministry fund our state owned madrasah. The best high school in Indonesia is state Madrasah, out of 20 best high schools in Indonesia, 13 are public high school (state owned and free of charge).

Local Province administration also provide fund for teachers salary, like happening at least in Jakarta, basically Jakarta school teachers salary (civil servant) in entry level is already quite good, at 7 million Rupiah (470 USD) per month, that was 7 years ago, dont know for current salary.

Is there any part of per captia that does not ring a bell ? ASEAN states with the exception of SIngapore and Vietnam have more per captia natural resources than all the South Asian countries. Look across the board from farmland, forests, natural resources etc

India has plenty of competition in the software sector. It has 50% market share. It is reinforced by Indian grad students, Indian CEOs and Indian engineers in USA. China is the biggest rival. Political differences with China make India a preferred destination. Unless Indonesians want to emigrate in large numbers to USA it ain't going to happen

 

[Black Tornado]

"Nomura expects India's GDP growth to slow from 7.0% year-on-year in the current fiscal to 5.2% in the 2023-24 fiscal year".
There is lot that needs to be done, our bane (weak manufacturing) needs to be diluted as soon as possible or we will see a sub 4-5% in longer run. Unless and until our manufacturing improves, high growth in the long run is infeasible. But things are moving in the right direction with the advent of PLI schemes, hopefully, we capitalise on that.

Let the current geo-politic mess clear, our manufacturing will rebound. PLI is going to be sanjeevni for that. Also I doubt these forecasts, we’ll see next year.

 

[Farhan Bohra]

I

Is there any part of per captia that does not ring a bell ? ASEAN states with the exception of SIngapore and Vietnam have more per captia natural resources than all the South Asian countries. Look across the board from farmland, forests, natural resources etc

India has plenty of competition in the software sector. It has 50% market share. It is reinforced by Indian grad students, Indian CEOs and Indian engineers in USA. China is the biggest rival. Political differences with China make India a preferred destination. Unless Indonesians want to emigrate in large numbers to USA it ain't going to happen

Its foolish to compare india vs ASEAN. It makes no sense, india is republic with a strong center, a sovereign nation.

ASEAN is just a group , where half of the countries support China, other half neutral, and other half US.

Otherwise add Australia too, ohh wait whole world.

And further , per capita doesn’t matter in absolute power terms.

We almost outspend 10x 20x against any nation of ASEAN. They always be weak for us to crush, if we want to choose the path of imperialism, which we would eventually.

 

[MH.Yang]

Is there any part of per captia that does not ring a bell ? ASEAN states with the exception of SIngapore and Vietnam have more per captia natural resources than all the South Asian countries. Look across the board from farmland, forests, natural resources etc

India has plenty of competition in the software sector. It has 50% market share. It is reinforced by Indian grad students, Indian CEOs and Indian engineers in USA. China is the biggest rival. Political differences with China make India a preferred destination. Unless Indonesians want to emigrate in large numbers to USA it ain't going to happen

India's population is its advantage over ASEAN, not its f*cking per capita resources.

Who has the most per capita resources in China and Russia? Whose economy is better?

Population is the most important resource. Of course, a population with a low IQ is not a resource.

 

[Indos]

Is there any part of per captia that does not ring a bell ? ASEAN states with the exception of SIngapore and Vietnam have more per captia natural resources than all the South Asian countries. Look across the board from farmland, forests, natural resources etc

India has plenty of competition in the software sector. It has 50% market share. It is reinforced by Indian grad students, Indian CEOs and Indian engineers in USA. China is the biggest rival. Political differences with China make India a preferred destination. Unless Indonesians want to emigrate in large numbers to USA it ain't going to happen

Well, in term of natural resources it is a bless by God, similar with USA which also has huge natural resources in oil, coal, and gas. For oil and gas, USA are the biggest producer in the world and until now is self sufficient for coal as well with some of them being exported. In the old time, USA also the biggest coal producer, they just shift away from it and uses more gas for their power plants.

We will see for service export, unlikely to catch up with Indian service export figure for the next 5 years, but I am hopeful Indonesia can get much more Western service outsourcing market for another 7-10 years to come, including in software sector. We will see, at least one important component which is English proficiency among our university graduates I hope is much much better after 2025 as we are embracing our new generation. It was still quite bad around 10 years ago, getting better now.

Indonesia is quite late as well in software, many just go to electronics, civil engineering, and oil and gas sector related engineering. There are huge demand for those sector domestically but now I think many high schools graduates are learning IT in our universities

 

[nahtanbob]

India's population is its advantage over ASEAN, not its f*cking per capita resources.

Who has the most per capita resources in China and Russia? Whose economy is better?

Population is the most important resource. Of course, a population with a low IQ is not a resource.

South East Asia is richer than South Asia thanks to per capita resources.
Pakistan cannot pay their fuel bill. Neither could India until 1990s.

I

Its foolish to compare india vs ASEAN. It makes no sense, india is republic with a strong center, a sovereign nation.

ASEAN is just a group , where half of the countries support China, other half neutral, and other half US.

Otherwise add Australia too, ohh wait whole world.

And further , per capita doesn’t matter in absolute power terms.

We almost outspend 10x 20x against any nation of ASEAN. They always be weak for us to crush, if we want to choose the path of imperialism, which we would eventually.

There is enormous diversity among ASEAN states. Ignoring Singapore and Vietnam all of them have more arable land, more water than India, Pakistan or Bangladesh. In an agarian economy that is a huge plus. How hard is that to comprehend ?

 

[nahtanbob]

Well, in term of natural resources it is a bless by God, similar with USA which also has huge natural resources in oil, coal, and gas. For oil and gas, USA are the biggest producer in the world and until now is self sufficient for coal as well with some of them being exported. In the old time, USA also the biggest coal producer, they just shift away from it and uses more gas for their power plants.

We will see for service export, unlikely to catch up with Indian service export figure for the next 5 years, but I am hopeful Indonesia can get much more Western service outsourcing market for another 7-10 years to come, including in software sector. We will see, at least one important component which is English proficiency among our university graduates I hope is much much better after 2025 as we are embracing our new generation. It was still quite bad around 10 years ago, getting better now.

Indonesia is quite late as well in software, many just go to electronics, civil engineering, and oil and gas sector related engineering. There are huge demand for those sector domestically but now I think many high schools graduates are learning IT in our universities

Give Pakistan the same amount of oil production on a per captia basis Indonesia has. They won't going to the IMF 13 times