Why India Will Displace China as Global Growth Engine.

[tranquilium]

That doesn't matter, though.

Even, the chinese themselves have stopped caring about what their own govt says.

Recall a russian joke (..err.. a soviet one actually): "we pretend to do the work, and they pretend to pay us the money".

Let's milk them, so far as the things are going well.

Sigh...this again. If you can't beat them with data, blame the reliability. Okay, let's talk reliability. Here is something from US Federal Reserve, one of the strongest force behind global economy:

Federal Reserve Bank San Francisco | On the Reliability of Chinese Output Figures, Research, China, Economic Growth, GDP, Gross Domestic Product, Chinese Economy

Never claimed i was an economics guru, but it's pretty straightforward math. Until you add Chinese economics and cooking of the books ofcourse. Anything is possible then.

Real growth rate is the GDP increase after inflation is removed. For example, an economy was $100 previously and it grew to $105 with an inflation rate of 5%, then the real growth rate will be 0% because the increment in the economy is entirely inflation. When the Chinese GDP growth is mentioned, it is pretty always spoken in real growth rate, because that is the rate that measure how far the economy actually progressed.

ain't 1 month enough? would be glad to buy a new mobile every month.

lol u made my day. about 30% of yer GDP is contributed by foreign companies (revenue stands at US$ 3 trillion in 2011), i.e. nothing to do with yer ppl.

Where did you get that statistic? The total FDI in China is 253 billion USD in 2012 and 116.0 billion USD in 2011. For FDI to produce a 3 trillion revenue in 2011 will require a return rate of almost 3000%, not even drugs dealing is THAT profitable.

https://www.uschina.org/statistics/fdi_cumulative.html
http://www.oecd.org/daf/inv/FDI in figures.pdf


A (not) funny thing just happened in the past few days. Mr. George Soros has returned and stock market are beginning to look like 97 financial crisis 2.0. I am wondering what is going to happen this time around.

 

[shuttler]

Growth and other concerns | The Hindu

Let me look at some numbers, drawing from various sources — national as well as international, in particular World Development Reports of the World Bank and Human Development Reports of the United Nations. Life expectancy at birth in China is 73.5 years; in India it is still 64.4 years. Infant mortality rate is 50 per thousand in India, compared with just 17 in China, and the under-5 mortality rate is 66 for Indians and 19 for the Chinese. China's adult literacy rate is 94 per cent, compared with India's 65 per cent, and mean years of schooling in India is 4.4 years, compared with 7.5 years in China. In our effort to reverse the lack of schooling of girls, India's literacy rate for women between the ages of 15 and 24 has certainly risen, but it is still below 80 per cent, whereas in China it is 99 per cent. Almost half of our children are undernourished compared with a very tiny proportion in China. Only 66 per cent of Indian children are immunised with triple vaccine (DPT), as opposed to 97 per cent in China. Comparing ourselves with China in these really important matters would be a very good perspective, and they can both inspire us and give us illumination about what to do — and what not to do, particularly the glib art of doing nothing.

Life expectancy in Bangladesh is 66.9 years compared with India's 64.4. The proportion of underweight children in Bangladesh (41.3 per cent) is a little lower than in India (43.5), and its fertility rate (2.3) is also lower than India's (2.7). Mean years of schooling amount to 4.8 years in Bangladesh compared with India's 4.4 years. While India is ahead of Bangladesh in male literacy rate in the youthful age-group of 15-24, the female rate in Bangladesh is higher than in India. Interestingly, the female literacy rate among young Bangladeshis is actually higher than the male rate, whereas young females still do much worse than young males in India. There is much evidence to suggest that Bangladesh's current progress has much to do with the role that liberated Bangladeshi women are beginning to play in the country.

What about health, which interests every human being as much as anything else? Under-5 mortality rate is 66 in India compared with 52 in Bangladesh. In infant mortality, Bangladesh has a similar advantage, since the rate is 50 in India and 41 in Bangladesh. Whereas 94 per cent of Bangladeshi children are immunised with DPT vaccine, only 66 per cent of Indian children are. In each of these respects, Bangladesh does better than India, despite having less than half of India's per-capita income.

Expenditure on what is somewhat misleadingly called the “social sector” (health, education, nutrition, etc) has certainly gone up in India, and that is a reason for cheer. And yet we are still well behind China in many of these fields. For example, government expenditure on health care in China is nearly five times that in India. China does, of course, have a higher per-capita income than we do, but even in relative terms, while China spends nearly two per cent of its Gross Domestic Product (GDP) on health care (1.9 per cent to be exact), the proportion is only a little above one per cent (1.1 per cent) in India.

 

[djsjs]

Is India still scheduled to displace China?

China-India Nominal GDP (1980-2013)
International Monetary Fund
Figures in $millions

Year	China	India
1980	202,458	181,416
1985	307,017	227,873
1990	390,279	323,527
1995	727,947	365,020
2000	1,198,477	476,350
2005	2,256,919	808,744
2010	5,930,393	1,614,834
2011	7,321,986	1,838,166
2012	8,227,037	1,824,832

List of countries by past and future GDP (nominal)​

What happened to the Indian economy in 2012?

US dollar is waving every second ,so it's meaningless to compare 2 countries in $.
if we had to,compare some other statistics,such as electricity consumption,oil consumption,steel production.....
anyway,we don't have to compare ourselves with *****