Will Indonesia replace India in the BRICs?

[Amolthebest]

Did Brazil get downgraded by S&P?

S&P downgrades BESI Brasil's ratings with negative outlook, Brazil, Banking, news

 

[Chinese-Dragon]

S&P downgrades BESI Brasil's ratings with negative outlook, Brazil, Banking, news

Can you not read?

It says they downgraded "BESI Brasil" which is a corporation, not a nation.

 

[Amolthebest]

Can you not read?

It says they downgraded "BESI Brasil" which is a corporation, not a nation.

My point is S&P is just one indicator and not the end of the world. if Brazil can make come back then why can not India.

 

[Chinese-Dragon]

My point is S&P is just one indicator and not the end of the world. if Brazil can make come back then why can not India.

Brazil wasn't actually downgraded though, because their fundamentals are good.

Also, Brazil has the 6th largest economy in the world.

India on the other hand only has the 11th largest economy in the world.

List of countries by GDP (nominal) - Wikipedia, the free encyclopedia

 

[Amolthebest]

Brazil wasn't actually downgraded though, because their fundamentals are good.

Also, Brazil has the 6th largest economy in the world.

India on the other hand only has the 11th largest economy in the world.

List of countries by GDP (nominal) - Wikipedia, the free encyclopedia

Do you think 11th largest economy with huge untapped potential and skilled human resources can be bring down on knee just by one downgrade.I dont think so.

 

[Chinese-Dragon]

Do you think 11th largest economy with huge untapped potential and skilled human resources can be bring down on knee just by one downgrade.I dont think so.

When did I say that?

The trend is definitely negative though. Extreme policy paralysis, when even low-level regional politicians like Mamata can shut down retail FDI reforms with a snap of her finger.

 

[itaskol]

The case for Congo replacing China is strong. The future is democratic nations, not regimes like China, North Korea or Nigeria.

then iran replace india, bangeladesh replace brazil, saudi arabia replace south africa...

 

[Chinese Century]

My point is S&P is just one indicator and not the end of the world. if Brazil can make come back then why can not India.

because brazil dont run a ponzi scheme based on massive deficits, massive debt and debt based consumption importing goods you cannot afford.

ANY country can get growth by increasing your debts to consume depreciating consumer goods(living beyond your means) while getting the gdp number up. but countries know once your debt levels reach a certain limit, your ponzi scheme is over. eg. greece, india.

if your currency is not a reserve currency, your currency will collapse as the deficits and debts force investors to lose confidence and see capital outflows, its a massive loss of confidence in your economy.

countries go into debt to increase their productive capacity, build factories to produce goods for domestic msrket and foreign market, improve infrastructure to connect the nation and improve efficiency such as logistics, electricity, internet, etc

india goes into debt to consume imported goods, there is no return from it, you just go into debt.

india will have to completely change its economic model through major reforms to get the country back on track. and your leaders are not willing to reform at the pace and scale neccessary to stop this staggering loss of confidence in your economy which is reflected in your currency collapsing. once your currency is collapsing, the wealth created in india will disappear. the purchasing power will significantly diminish and since india is a major importer of pretty much everything, your debt based consumer economy will come to a grinding halt. consumers cannot afford and the higher the government goes into debt, the worse your currency collapses.

all these years india was running a giant ponzi scheme, its just that india has run out of rope and the global investors have figured it out just like they figured out greece cannot meet its obligations.

how can india have a consumer driven economy when its per capita disposable income is tiny? by going into debt.
its debt based consumption. the US does the same thing, only the US dollar is the world reserve currency, all global trade, energy, agriculture, raw materials are quoted and sold in dollars, so there is a global demand for dollars so their currency has more leeway before it collapses.
rupee dont have that priviledge.

this is how the US bankrupted the soviet union, the US knew they can tolerate massive deficits and debt while building weapons as long as the dollar is the reserve currency, the soviet rouble could not keep up with that amount of debt and deficits as its currency was not the primary reserve currency. the soivets reached the limit of its deficits and debt trying to keep up with the US and its economy fell apart and its currency totally collapsed.

india will have a similar fate if you do not reform pretty quickly, mark my words.

 

[Jackdaws]

then iran replace india, bangeladesh replace brazil, saudi arabia replace south africa...

That would certainly bode well for you - despotic regimes and your nation gel rather well.

 

[explorer9]

Indonesia is growing with huge local demand and stable political situation plays a key role if they are able to merge with Malaysia and Brunei that will definitely make them the power to reckon with.

 

[R0H1T]

because brazil dont run a ponzi scheme based on massive deficits, massive debt and debt based consumption importing goods you cannot afford.

ANY country can get growth by increasing your debts to consume depreciating consumer goods(living beyond your means) while getting the gdp number up. but countries know once your debt levels reach a certain limit, your ponzi scheme is over. eg. greece, india.

if your currency is not a reserve currency, your currency will collapse as the deficits and debts force investors to lose confidence and see capital outflows, its a massive loss of confidence in your economy.

countries go into debt to increase their productive capacity, build factories to produce goods for domestic msrket and foreign market, improve infrastructure to connect the nation and improve efficiency such as logistics, electricity, internet, etc

india goes into debt to consume imported goods, there is no return from it, you just go into debt.

india will have to completely change its economic model through major reforms to get the country back on track. and your leaders are not willing to reform at the pace and scale neccessary to stop this staggering loss of confidence in your economy which is reflected in your currency collapsing. once your currency is collapsing, the wealth created in india will disappear. the purchasing power will significantly diminish and since india is a major importer of pretty much everything, your debt based consumer economy will come to a grinding halt. consumers cannot afford and the higher the government goes into debt, the worse your currency collapses.

all these years india was running a giant ponzi scheme, its just that india has run out of rope and the global investors have figured it out just like they figured out greece cannot meet its obligations.

how can india have a consumer driven economy when its per capita disposable income is tiny? by going into debt.
its debt based consumption. the US does the same thing, only the US dollar is the world reserve currency, all global trade, energy, agriculture, raw materials are quoted and sold in dollars, so there is a global demand for dollars so their currency has more leeway before it collapses.
rupee dont have that priviledge.

this is how the US bankrupted the soviet union, the US knew they can tolerate massive deficits and debt while building weapons as long as the dollar is the reserve currency, the soviet rouble could not keep up with that amount of debt and deficits as its currency was not the primary reserve currency. the soivets reached the limit of its deficits and debt trying to keep up with the US and its economy fell apart and its currency totally collapsed.

india will have a similar fate if you do not reform pretty quickly, mark my words.

Way to go MBA man why don't you consider applying for the job of IMF/World Bank Prez then we'll get to see you screw the CN economy forever with your (in)sane theories

 

[Hello_10]

In the OECD Educational tests, China came at the top of the world.

India came at the bottom.

there are many fake type tests, which were conducted by UN and OECD by taking only poor students from India. the main international exams to compare skills of the countries are GMAT for management, GRE for engineering and one for medicines. here we have comparison of GMAT scores of Indian and Chinese institutes as below, you may compare where exactly they stand in these top exams. similar results we have for GRE and medical exams also:

here, you will find a generation gap between the marks scored by the Indian students w.r.t. to rest of the world. GMAT is the exam which may help you get scholarship from top ranked management universities and then you may earn among the highest in world.

Global 200 Top Business Schools 2010 by Region | TopMBA.com (this is for Asia pecific)

Note: GMAT score for IIM Calcutta was '760' in 2009 which is incorrectly written here for 2010 as '500' only. Minimum GMAT score required for admission in IIM Calcutta is "700", as per in "Admissions Requirements" section of this website. )
Indian Institute of Management Calcutta | TopMBA.com

Global 200 Top Business Schools 2010 by Region | TopMBA.com (this is for North America)
Note: Average GMAT score of few top universities of USA is above 700 mark mainly because of those Indian students who got admission there under scholarship programs for their very high GMAT score, raising overall average GMAT score above 700 for these universities. Over 95% population of country like USA, UK, Australia, Canada are hardly high school pass labors, there is just no enviornment of studying hard in these countries. High GMAT score of the universities of these countries is mainly because of the International students.)

Global 200 Top Business Schools 2010 by Region | TopMBA.com (this is for Europe)

US businessmen could become billionaire because of highly qualified migrants only and Indian professionals were the main force behind it. West lives in bluff of superiority and use the techs which were developed by immigrants, mainly Indians, and at the same time they have these traitor journalists who do publicity of Fake like this story by Times of India.

UN is a slave organization of US/EU and it was an effort to do wrong publicity of India.

 

[Chinese-Dragon]

there are many fake type tests, which were conducted by UN and OECD by taking only poor students from India. the main international exams to compare skills of the countries are GMAT for management, GRE for engineering and one for medicines. here we have comparison of GMAT scores of Indian and Chinese institutes as below, you may compare where exactly they stand in these top exams. similar results we have for GRE and medical exams also:

here, you will find a generation gap between the marks scored by the Indian students w.r.t. to rest of the world. GMAT is the exam which may help you get scholarship from top ranked management universities and then you may earn among the highest in world.

UN is a slave organization of US/EU and it was an effort to do wrong publicity of India.

India misses out on university rankings - Hindustan Times

India does not appear in the Top 200 of the recently released QS World University Rankings. Even as the US and the UK continue to dominate the international rankings scene, India’s highest-ranked institution IIT-Delhi stands at 218th position – 16 places down from last year’s 202nd place.

While India is yet to secure a place in the top 200, other Asian countries such as China, Japan, Singapore, Hong Kong and Taiwan sit comfortably among the Top 100 of the rankings table, led by University of Hong Kong (22) and University of Tokyo (25).

There is not one single Indian univeristy in the Global top 200.

Whereas all the East Asian countries (including Korea) are strongly represented.

 

[Götterdämmerung]

UN is a slave organization of US/EU and it was an effort to do wrong publicity of India.

Since there are more negative press about China than India coming from the EU and US, how come China still came out on the top in this particular test? The PISA test is treated as a serious matter here in Europe.

 

[Hello_10]

Indonesia is growing with huge local demand and stable political situation plays a key role if they are able to merge with Malaysia and Brunei that will definitely make them the power to reckon with.

Indonesia has a unique advantage to be less dependent on export similar to India. please check number 3 of my post #178 for GDP growth rate. here we find Indonesia could maintain close to 6% on average growth rate during last 3 years as even during recession, its economy was very less affected due to external happening, similar to India. But for example of China, if the demand from rest of world comes down, its Industries will face serious losses. During recession 2009, China did have to give a hefty Bail Out package to its industries while India was not that much worried...............

https://www.cia.gov/library/publica...ndia&countryCode=in&regionCode=sas&rank=21#in