Why Economists Are Still Baffled by India’s GDP Growth

[Shotgunner51]

China is the number one supplier of Power engineering equipment in India. Indian mfrs. can't sell their products anymore and are crying for non-tariff barriers like the whining idiots they are.

The Chinese make all sorts of local high-tech and bio-tech devices including pacemakers and robotics. Read up or Google it before you comment. That tired old saw that the Chinese only make 'junk' is no longer true. Manufacturing in China has moved up.

Bro you might as well ignore that illiterate post, you know illiteracy and intelligence quotient are seriously pathetic over there. China exports more HIGH-TECH than Germany-US-Japan combined, here are some data:

Latest Data from World Bank
High-technology exports (current US$), 2013
High-technology exports are products with high R&D intensity, such as in aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery. Data are in current U.S. dollars.

1 China 560,058,333,865
2 Germany 193,087,960,652
3 United States 147,833,168,925
4 Singapore 135,601,531,429
5 Korea, Rep. 130,460,427,536

High-technology exports (current US$) | Data | Table​

 

[Dungeness]

- As for the rest of your China-build-road and China-build-railway gobblygook, congrats for building some roads and railways 150 years past due date.

In the past 30 years, tens of thousands miles of expressway and 18 thousand KM high speed rail ways have been built across China , and this achievement is cherished by Chinese people cross all walks of life, and is the envy of entire civilized world, developed and developing countries alike, including the President of the United States of America. Sure China could have used the Chinese labors that built tens of thousands mile rail ways for then underdeveloped America and build it form themselves, but the history doesn't take "what-if" into consideration, dose it? So what is wrong China has the capability building them now? Why you have problem with it? Are you anti-social or anti-development?

Heard of saying "better later than never"? Like it or not, China will continue to build more expressways and railways not only in China itself but also in America (heard of California XpessWest ?), In Europe, in all continents. So go ahead, eat your heart out!

He hates China because we defeated them in 1962, and like other Indians he thinks that China gave nuclear weapons to Pakistan.

Ya, I do not think he is Pakistani either. No Pakistani will have this level of hatred towards China.

 

[Asif Durrani]

How about yourself?
You havent show me the evidence of the cultral revolution damage.
一言难尽 watch what you have posted before.
Having seen this kind of reply in American website,I usually tend to regard them as machine.
Not until I saw your repeatition,did I come to know that IT SHOULD BE A REAL PERSON'S REPLY.
Middle kingdom....?
Maoist?
Do you know the way to become PM/president in China?
Do you know there are few Chinese caring about politics?
If you major in politics(some other majors are also useful) in good university,then you can go into gov.
If not,care for yourself,and vote for village officials.

If you want to see the damage of your cultural revolution then get on to your stupid Baidu nonsense and search for it yourself Mr. Pigdin. And it does not surprise me that most Chinese do not care about politics. How else could a nation of 1.4 billion be powerless against an illegal, undemocratic dictatorship for so long? The lack of spine is obvious, and so is the consequent lack of interest.

 

[Rasengan]

This is all Mr. Durrani's (nice pick of a name) jealousy at China's success. I'm holding my breath for Indian 'clean' eco-friendly development model. NOT!

This individual is hilarious because apparently he mocks the Chinese and speaks ill on their country, however he took a vacation to China which speaks of his treacherous character. American's in general are stuck in their old ways of grandeur and they are best described by a proverb from Confucius:"Only the wisest and stupidest of men never change". The glorious Indian development model is untouchable because the secrets of Vedas scriptures have shown how to use coal generation plants without polluting the atmosphere

 

[Bilal9]

He hates China because we defeated them in 1962, and like other Indians he thinks that China gave nuclear weapons to Pakistan.

I heard from my grandfather that when the Chinese troops advanced in Ladakh in 1962 - the Indian troops left their antiquated rifles on the ground and ran away.

Later when a truce was negotiated - the rifles were returned. However Indian troops were astonished to find that their dirty weapons had been lubricated, cleaned and returned in brand new condition.

This individual is hilarious because apparently he mocks the Chinese and speaks ill on their country, however he took a vacation to China which speaks of his treacherous character. American's in general are stuck in their old ways of grandeur and they are best describes by a proverb from Confucius:"Only the wisest and stupidest of men never change". The glorious Indian development model is untouchable because the secrets of Vedas scriptures have shown how to use coal generation plants without polluting the atmosphere

I'm personally fascinated about LASER Brahmastra weapons and Brahmanic super-levitation transport craft.

I have to clarify that these concepts are published in none other than the RSS/Sangh Parivar Hindutva supremacy manuals.

 

[Asif Durrani]

I will provide a simple test to determine whether you have actually visited Dalian, because obviously your description of the city is erroneous and this is probably due to listening to fox news. What is the distinctive characteristic of Dalian citizens which make them so different to their fellow comrades in other cities and provinces in China? The answer should be a piece of cake, because they you have proclaimed in your previous post you have actually visited the city. Dalian is famous for its beeches and has fantastic aquarium parks and its one of the most prime locations where retired generals normally live. Did the tooth fairy come in your dream and tell you that Dalian had many real estate projects which became stalled due to the impending doom of a Chinese bubble? Clearly you knowledge is zilch because Dalian Wanda Group has made tremendous amount of money and now they are looking to expand abroad, by even doing some projects in India.
........
You were arrogantly preaching the sermon to me on the concept that Chinese cities are polluted and undoubtedly this statement can be correct in some instances, however you are a hypocrite because America also has the same problem where 40% of the population breaths in harmful air. The only deceitful individual who has an identity crisis is you, who love to spit shine the shoes of his white aristocratic masters. Its hilarious hearing your cesspit of analysis on the Chinese development model, when the western world itself during the industrial revolution was prone to use coal to generate electricity. The Chinese have followed a similar pattern and it clearly falls in line with Rostow's five economic principles of growth, which every country in this world can be categorized into those phases. If you wish to criticize the Chinese, then you must do a better job since your knowledge is quite frankly dismal. How exactly is the Chinese model collapsing in front of our eyes, when the largest recipient of FDI last year was the Chinese when they received an inflow of $128 billion in investments. Also the British Chancellor did not grovel to the American's in building and funding the HS2 network, that would connect Birmingham to London, instead he pleaded with the Chinese because their technology and efficiency even beats the Japanese in this sector. The same scenario is being played out in Indonesia, where the Chinese are winning the race to build a HS train. Henceforth, the amusement show provided by you is fantastic. The rest of your gibberish nonsense, I will reply later.

To the contrary, it is you who has never been to Dalian, and have only read an online description which in typical Chinese fashion talks nonsense. Dalian is dusty and over-constructed - not a square inch of space is left available without any construction going on. And the worst part is that A LOT of these buildings are lying/will lie unoccupied. Your silly repetition of it being a retirement home for Generals, as if it somehow proves your point, is proof enough that you are an ill-travelled person with low levels of self esteem and a need for affirmation.

I see that you have not been able to reply to even one of my points, and have instead merely repeated your earlier gobblygook nonsense on the Great Middle Kingdom (GMK). So all that the GMK has to show for its development is building roads and railways after the world has moved to air -travel. And the other thing that you talk about is FDI in manufacturing, when the world is fast moving towards a post-industrial society. So how long in your assessment will China take to catch up with the West on tech? Will 100 years be enough? Pathetic.

so you kown china well?Bangladesh is a developing country, so is china.
as for india, no one will respect superpower-daydreaming big mouth.

Listen, it was YOUR President who was told off by Obama just two days ago at the summit speech that since China claims it is a rising power so it must not behave like a poor country any longer. The world only sees a country that talks the talk but when told to act responsibly says that "oh sorry! We are developing folks!!"

 

[Bilal9]

Ya, I do not think he is Pakistani either. No Pakistani will have this level of hatred towards China.

LOL if this guy is Pakistani then I'm a 2015 OSCAR winner.

 

[Rasengan]

- I see you will not quit lying about Chinese lending practices. Chinese banks lend shadily to public enterprises that will never be able to repay these loans because they have over-invested so heavily that they will be out of business before the situation improves. Period. Do you know the exposure of Chinese Banks to real estate, steel and infrastructure companies? The first is a bubble about to burst, the second is an industry where Chinese over-production has caused the global steel industry to become a loss-making sector, and the third is a classic example of over-investment in things no one will need after the correction.
- How will Chinese steel companies or real estate companies repay loans when they make losses year after year? For how long will China be able to fudge its numbers and deny that it is collapsing under internal debt?
- The renminbi is still not free floating, and now the Chinese government is being forced to do the reverse of what it was asked to do prior to 2014. In the past six months, it has spent billions of dollars to save it from loosing further. One year everyone is piling on China to stop manipulating its currency, next year China is forced to buy its own currency to stop a fall. Get the picture?
..

"Sometimes men are born ignorant and not stupid. However clearly education has made you become stupid". This proverb was mentioned by Bertrand Russell, which unfortunately fits your description. The banking system was reformed during the 2008 crisis and since then those who have corrupted have paid the price with a jail sentence. Yang Kun the Vice President of Agricultural Bank of China was one such example. However, give me an example in the last two years where Chinese Banks have been lending to shadily public enterprises? If the Agricultural Bank of China promotes the practices of lending shadily, then why exactly did it achieve the second biggest IPO in history, because I am sure the investors ignored your fear mongering propaganda. Gordon Chang as your literature source will hardly convince me on the doomsday theory of China. The Chinese Steel Industry has suffered greatly, although larger State-Owned Enterprises have purchased smaller companies to downscale the size of the industry and making it more efficient in the process. Furthermore, some of these companies have filed for bankrupt and Chinese Banks like any other financial institution has seized the assets. Some of Chinese real estate companies are in profit, such as Dalian Wanda Group.

 

[Bilal9]

To the contrary, it is you who has never been to Dalian, and have only read an online description which in typical Chinese fashion talks nonsense. Dalian is dusty and over-constructed - not a square inch of space is left available without any construction going on. And the worst part is that A LOT of these buildings are lying/will lie unoccupied. Your silly repetition of it being a retirement home for Generals, as if it somehow proves your point, is proof enough that you are an ill-travelled person with low levels of self esteem and a need for affirmation.

I see that you have not been able to reply to even one of my points, and have instead merely repeated your earlier gobblygook nonsense on the Great Middle Kingdom (GMK). So all that the GMK has to show for its development is building roads and railways after the world has moved to air -travel. And the other thing that you talk about is FDI in manufacturing, when the world is fast moving towards a post-industrial society. So how long in your assessment will China take to catch up with the West on tech? Will 100 years be enough? Pathetic.

By your logic 'building roads and railways' are useless because everything now moves by air.

Who's going to pay for air-shipping Mr. Economics man??

Should we ship hundreds of millions of tons of export/import containers by air too?

It is you who is a typical theoretical Indian who has zero clue about how industry, commerce and logistics works in the _REAL_ world.

And I won't call you Pakistani anymore - it's by now amply obvious who you are.

 

[Asif Durrani]

You are seriously outdated and stuck deep in the mentality that shaped by the west propaganda of cold war era and by some so called Chinese political dissidents whose solo purpose of life is to topple current Chinese regime for their own gains. Please check the declassified CIA report on China's famine during "Great Leap Forwards" of 1958-1961, which your story of "murderer of 45 million Chinese" was based on, and be prepared for a few heavy slaps on the face.

"The only thing that is worse than being brainwashed, is believing yourself immune to being brainwashed."

Here is the link:url]

Read

Frank Dikotter, Mao’s Great Famine
Thomas P. Bernstein, Mao Zedong and the Famine of 1959-60, A Study in Wilfulness
Jasper Becker, Hungry Ghosts: Mao’s Secret Famine
Benjamin A. Valentino, Final Solutions: Mass Killings and Genocide in the 20th Century

Mao was a mass-murderer in the league of Stalin. He killed more people than Hitler and Pol Pot combined. The 45 million figure is a conservative one; 65 million and 78 million are also often mentioned.
And you think it is worthwhile to defend this mass-murderer? How cowardly and craven are you as a people? To surrender yourself to a regime that kills so many millions and then tries to spin stories to hide the truth?

 

[rott]

UK BENGALI

re:

What compared TO NEW YORK OR EUROPE yes.

but Pakistan or Bangladesh INDIAN CITIES ARE MILES AHEAD

CARE TO SEE

I WILL EDUCATE YOU this is 2015 not 1990

Lol, who are you trying to fool?
I know what Indian cities look like. It looks like a garbage dumbing ground. Try your propaganda elsewhere.

 

[Rasengan]

To the contrary, it is you who has never been to Dalian, and have only read an online description which in typical Chinese fashion talks nonsense. Dalian is dusty and over-constructed - not a square inch of space is left available without any construction going on. And the worst part is that A LOT of these buildings are lying/will lie unoccupied. Your silly repetition of it being a retirement home for Generals, as if it somehow proves your point, is proof enough that you are an ill-travelled person with low levels of self esteem and a need for affirmation.
"

Your sentence definitely proves the assumption that you have actually never visited Dalian, because you could not answer my straightforward question which should be a piece of cake. Most Chinese in this forum who have traveled to Dalian, will understand my question fully in the unique of this city and its citizens. Seriously you sound like a dollar beggar who needs to be spoon fed information. Dalian under no circumstances can it be describes as a dusty city and construction is occuring throughout the city, however this is because of Japanese investment.

I see that you have not been able to reply to even one of my points, and have instead merely repeated your earlier gobblygook nonsense on the Great Middle Kingdom (GMK). So all that the GMK has to show for its development is building roads and railways after the world has moved to air -travel. And the other thing that you talk about is FDI in manufacturing, when the world is fast moving towards a post-industrial society. So how long in your assessment will China take to catch up with the West on tech? Will 100 years be enough? Pathetic.

Googlygook is a racists terminology however its unsurprising to hear such foul language from an uncultured American who spit shines shoes during the day and then drives his taxi in the night to serve his customers. Nobody in the world respect America, because your country will become the by-product of a used up condom which is thrown in the trash can, after its application has been fulfilled.

This particular Great Middle Kingdom owns $1.4 trillion of your economy and the era of American imperialism disguised as democracy and threatening other countries is over. This GMK has enough capital to purchase western companies and take over your industries and the process is made transparent, when next month the Chinese will place a bid on many British companies on power, railways, telecommunication etc.

 

[Dragon4]

Lol, who are you trying to fool?
I know what Indian cities look like. It looks like a garbage dumbing ground. Try your propaganda elsewhere.

Look whose talking about propaganda

 

[Rasengan]

If you want to see the damage of your cultural revolution then get on to your stupid Baidu nonsense and search for it yourself Mr. Pigdin. And it does not surprise me that most Chinese do not care about politics. How else could a nation of 1.4 billion be powerless against an illegal, undemocratic dictatorship for so long? The lack of spine is obvious, and so is the consequent lack of interest.

Chinese Bamboo for your information is a women, however its not unsurprising that you failed to make the distinction, because most American's can't tell the difference between left and right.

 

[Bilal9]

Read

Frank Dikotter, Mao’s Great Famine
Thomas P. Bernstein, Mao Zedong and the Famine of 1959-60, A Study in Wilfulness
Jasper Becker, Hungry Ghosts: Mao’s Secret Famine
Benjamin A. Valentino, Final Solutions: Mass Killings and Genocide in the 20th Century

Mao was a mass-murderer in the league of Stalin. He killed more people than Hitler and Pol Pot combined. The 45 million figure is a conservative one; 65 million and 78 million are also often mentioned.
And you think it is worthwhile to defend this mass-murderer? How cowardly and craven are you as a people? To surrender yourself to a regime that kills so many millions and then tries to spin stories to hide the truth?

Hunger is as big a crime as murder - not to give credence to your Mao murder fables you repeat like a broken record....

This is from an Indian website ('Bhookh.com' - meaning hunger). There are some people left in India who know what the priorities should be. Feed your people first before dreaming of world domination....

Hunger Facts

1.Hunger remains the No.1 cause of death in the world. Aids, Cancer etc. follow.

2.There are 820 million chronically hungry people in the world.

3.1/3rd of the world’s hungry live in India.

4.836 million Indians survive on less than Rs. 20 (less than half-a-dollar) a day.

5.Over 20 crore (crore=10 million) Indians will sleep hungry tonight.

6.10 million people die every year of chronic hunger and hunger-related diseases. Only eight percent are the victims of hunger caused by high-profile earthquakes, floods, droughts and wars.

7.India has 212 million undernourished people – only marginally below the 215 million estimated for 1990–92.

8.99% of the 1000 Adivasi households from 40 villages in the two states, who comprised the total sample, experienced chronic hunger (unable to get two square meals, or at least one square meal and one poor/partial meal, on even one day in the week prior to the survey). Almost as many (24.1 per cent) had lived in conditions of semi-starvation during the previous month. (Adivasis are lower class Hindus or animists)

9.Over 7000 Indians die of hunger every day.

10.Over 25,00,000 Indians die of hunger every year. (Meaning 25 Million die from hunger every decade and in twenty years you killed more Indians than Mao 'supposedly' killed by his own hands. Of course this Mao story is entirely untrue.)

11.Despite substantial improvement in health since independence and a growth rate of 8 percent in recent years, under-nutrition remains a silent emergency in India, with almost 50 percent of Indian children underweight and more than 70 percent of the women and children with serious nutritional deficiencies as anemia.

12.The 1998 – 99 Indian survey shows 57 percent of the children aged 0 – 3 years to be either severely or moderately stunted and/or underweight.

13.During 2006 – 2007, malnutrition contributed to seven million Indian children dying, nearly two million before the age of one.

14.30% of newborn are of low birth weight, 56% of married women are anemic and 79% of children age 6-35 months are anemic.

15.The number of hungry people in India is always more than the number of people below official poverty line (while around 37% of rural households were below the poverty line in 1993-94, 80% of households suffered under nutrition).

Sources :

UN World Food Programme
UN World Health Organization: Global Database on Child Growth and Malnutrition, 2006
UN Food and Agriculture Organization: SOFI 2006 Report
National Commission for Enterprises in the Unorganized Sector (India)
National Family Health Survey 2005 – 06 (NFHS-3) (India)
Centre for Environment and Food Security (India)
Rural 21 (India)