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

[REhorror]

India will probably the 3rd biggest soon, with Japan being 4th and Germany being 5th.

 

[nufix]

Comparing external debt with deficit, and seeing it as irony. Why I am getting a feeling that here Indonesians are far more worse than Bangladeshis in understanding economics.

I dont know, ask your farmers why they are killing themselves though. Not enough subsidies maybe?

 

[Farhan Bohra]

Better off? Man, just throw a quick look at people around you and tell me how you are better off? I would not even bother mention it point by point.



Hey your deficit man, i might be stood corrected by the deficit is still there. Thanks to Indian economic "experts" lol

Source?

WB shows India per capita at 2,227 at most for 2021 https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=IN

Indonesia is at 4.291. https://data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=ID

That is almost double



Not as much experienced as you guys in terms of other people's posterior of course

Ahh

When nothing works ,, per capita saves the day. Right?

BTW, SL per capita is also higher than india. But that didn’t saved them.

 

[Indos]

You talked of money, I posted the global wealth databook’s 2021 data.

https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2021.pdf

India

India Economic Snapshot - OECD

www.oecd.org

Indonesia

Indonesia Economic Snapshot - OECD

www.oecd.org

 

[Farhan Bohra]

I dont know, ask your farmers why they are killing themselves though. Not enough subsidies maybe?

Not enough subsidies for farmers in India, while whole world crying about it in WTO. Mi gaad the idiots in this forum

These Guys are switching the topics so fast.

From India took over UK, it was about India vs Indonesia, then India have debts, no but India have deficits , but no it’s about farmer . No no no , it’s about per capita.

Now another idiot posted about economic snapshot. What you guys actually want? Decide that first.

 

[nufix]

Not enough subsidies for farmers in India, while whole world crying about it in WTO. Mi gaad the idiots in this forum

Yeah, Indian farmers are not crying about it in WTO coz they already killed themselves. Mi gaad the idiots in this forum

Not enough subsidies for farmers in India, while whole world crying about it in WTO. Mi gaad the idiots in this forum

These Guys are switching the topics so fast.

From India took over UK, it was about India vs Indonesia, then India have debts, no but India have deficits , but no it’s about farmer .

Now another idiot posted about economic snapshot. What you guys actually want? Decide that first.

That's cos people dont want to bother to mention it point by point dumbo, with hopes that you guys might be able to look inwards first. But it seems you cannot.

Ahh

When nothing works ,, per capita saves the day. Right?

BTW, SL per capita is also higher than india. But that didn’t saved them.

What nothing works? Almost all indicator brought here point to Indonesia having better economic indexes than India. The only good thing about India is its sheer cumulative size, which also is the reason for India's worse economic indexes when compared at individual level.

 

[Farhan Bohra]

Your inflation is high and now get 90 % debt to GDP ratio and with Q2 2022 growth that only grows about 3 percent from the same period in 2019 while the growth is basically decreasing from your Q1 2022 growth at 4.1 percent .

Compare it with Indonesia debt to GDP ratio which is around 37 % now that can still grow better than your economy despite our gov that still give subsidized fuel price. Our state budget is still relatively quite healthy and we produce half of our oil demand where our SOE, Pertamina, dominates the industry from drilling, refining, shipping, until selling the retail fuel to the people.

We can make our fuel price competitive and if the oil price will be around 70-80 USD per barrel, with our current fuel price, that will not create too much burden to our state budget. There is strong indication that oil price will likely between 70-80 USD per barrel in 2023 due to expected lower economic growth in developed countries and China and possible Iran-US reaches deal to release Iran oil to the international market with much ease.

70 % of our subsidized fuel is consumed by cars (upper middle class group), there will be law soon being released to ban people with private cars with more than 1400 cc engine uses subsidized fuel, there is enough chance as well that soon all private cars cannot buy subsidized fuel which is a very good policy that our gov needs to take.

Here another golden post

This person posting Q2 data which end at 30th September.

Indian statistician must contact this next gen Einstein , who created such a fabulous math to calculate growth figure even before the end of that quarter.

 

[Black Tornado]

Thanks, but my point still stands though. Furthermore, the same sources show Indonesia's per capita gdp being more than twice India, therefore classifiying it as upper middle income country while India is still in the lower middle income country.

View attachment 877092

India will come in upper middle income category soon, but we were talking of money so I think wealth per capita would be appropriate, yes per capita GDP is more important, but so is the wealth a person holds.

I dont know, ask your farmers why they are killing themselves though. Not enough subsidies maybe?

More businessmen commit suicide than farmers here, farmers take huge loans then refuse to pay it and kill themselves, some fault is there’s as well.

 

[Farhan Bohra]

Yeah, Indian farmers are not crying about it in WTO coz they already killed themselves. Mi gaad the idiots in this forum



That's cos people dont want to bother to mention it point by point dumbo, with hopes that you guys might be able to look inwards first. But it seems you cannot.



What nothing works? Almost all indicator brought here point to Indonesia having better economic indexes than India. The only good thing about India is its sheer cumulative size, which also is the reason for India's worse economic indexes when compared at individual level.

Inwards first? You do realise you posting on a thread about India. That is real irony.

 

[nufix]

Inwards first? You do realise you posting on a thread about India. That is real irony.

Yeah, all the more reasons. Indians love to boast its cumulative economic size but forget hundreds of millions of its people still have no toilets and often resort to open defecations. That is real irony my dude.

India will come in upper middle income category soon, but we were talking of money so I think wealth per capita would be appropriate, yes per capita GDP is more important, but so is the wealth a person holds.


More businessmen commit suicide than farmers here, farmers take huge loans then refuse to pay it and kill themselves, some fault is there’s as well.

Sure, "soon". While Indonesia is already there. What is your point?

 

[Indos]

Here another golden post

This person posting Q2 data which end at 30th September.

Indian statistician must contact this next gen Einstein , who created such a fabulous math to calculate growth figure even before the end of that quarter.

Hei Indian, I see Q2 as April-June period. I use international standard, not Indian standard

Thanks

 

[Farhan Bohra]

Hei Indian, I see Q2 as April-June period. I use international standard, not Indian standard

Thanks

You do realize you talking about India on an Indian thread, without knowing Indian quarters.

But even then, it doesn't make any sense

India’s Q1 GDP grows at 13.5 percent, lags estimates

A rebound in private consumption - one of the key factors for the economy - and growth in contact-intensive sectors amid declining Covid-19 fears aided economic momentum in the first quarter. Moreover, a severe coronavirus Delta wave in the comparable year-earlier period had impeded growth as...

economictimes.indiatimes.com

 

[Black Tornado]

Yeah, all the more reasons. Indians love to boast its cumulative economic size but forget hundreds of millions of its people still have no toilets and often resort to open defecations. That is real irony my dude.

Well you aren’t perfect as well

Water, sanitation and hygiene

Providing children with a clean environment to live, play and learn

www.unicef.org

Sure, "soon". While Indonesia is already there. What is your point?

I never had a point, even Indonesia became an upper middle income country just last year (after recession from 2019). But because our GDP growth rate is high, it will take a few years for India to breach the level.