Will Indonesia replace India in the BRICs?

[junk]

Did you actually read that Economist article?

It says that China is NOT a currency manipulator.

The chart in the article clearly shows that the RMB is rising in value compared to the USD.

No offence to anyone, but india is a hypa powah buddy, be carefull CD could you post the video india 2030 ? plz thank you

 

[ChineseTiger1986]

no not really, he's simply born to the right parents. only morons admire him or believe he's a self-made man.

Anyone who borns with a golden spoon can manage to become a billionaire.

 

[Yeti]

no not really, he's simply born to the right parents. only morons admire him or believe he's a self-made man.



objective statistics > your anecdotes. sorry buddy.

Back to the point yes India's economy is not doing as well as it could but hey look at the current economic climate and the situation of Europe not to mention the corruption cases that have hit India over the last 1yr or so


If we pass key reforms it will give FDI a surge and we can be back to the level we was b4 the global meltdown.

 

[ChineseTiger1986]

Report: India to be world's biggest economy in 2050



Posted by:
CNN Producer, Paul Armstrong



(Image credit: AFP/Getty Images)

(CNN) – India will overtake China as the world’s biggest economy by 2050, a new report says.

This follows China’s rise to the top spot in 2020 at the expense of the United States, according to the 2012 Wealth Report by Knight Frank and Citi Private Bank.

The survey was published as India hosts the BRICS summit of emerging economies, which also includes China, Russia, Brazil and South Africa.

The report predicts India’s GDP will reach $85.97 trillion in terms of purchasing power parity (PPP) by 2050, compared to China’s figure of $80.02 trillion for the same period.

The United States sits in third place at $30.07 trillion, with BRIC nations Brazil and Russia predicted to retain their position in the top 10.

Are the BRICS overrated?

Earlier this year, a report from the International Monetary Fund (IMF) expected India’s economy to expand “above trend” in 2011, with high levels of growth continuing over the medium term, spurred by “high investment in infrastructure and productivity gains.”

Interestingly, Indonesia, Nigeria, Mexico and Egypt are the other developing economies expected to take their place at the top table.

“Many poor economies have opened up and reached the modicum of institutional quality and political stability that are needed for fast growth and rapid catch- up,” said Willem Buiter, Citi’s Chief Economist.

James Lawson, a director with Ledbury Research, says much of this growth can be attributed to a few key areas, including natural resource development, manufacturing and construction.

The report adds that the losers will be western countries - in terms of output , at least.

Citi forecasts the North American and Western European share of world real GDP will fall from 41% in 2010 to just 18% in 2050. Developing Asia’s share is expected to rise from 27% in 2010 to 49% in 2050.

As if to reinforce the shift eastwards in wealth distribution, the report adds the region covering China, South-East Asia and Japan now has more centa-millionaires (those with over US$100m in assets) than North America or Western Europe.



Show me where it says that from IMF I do not trust Chinese puppet media

2050 is really far away from now, isn't it?

Lets talk about 2020 first.

 

[Chinese-Dragon]

If we pass key reforms it will give FDI a surge and we can be back to the level we was b4 the global meltdown.

You can't pass any reforms at all, not even something as small as retail FDI.

Look at how the Indian government tried to pass retail FDI, and they were forced by their own allies to backflip several times, eventually shutting the entire thing down.

 

[Yeti]

2050 is really far away from now, isn't it?

Lets talk about 2020 first.

Who knows what the future holds? not me nor these think tanks, one can predict based on figures but nothing is certain. More will become clear when the elections are held as this current government has really shafted us and no reforms will be passed until then.

You can't pass any reforms at all, not even something as small as retail FDI.

Look at how the Indian government tried to pass retail FDI, and they were forced by their own allies to backflip several times, eventually shutting the entire thing down.

Thats changing witness Hilary Clinton's visit to West Bengal and the change in West Bengal chief minister Mamata's thinking.

 

[Chinese-Dragon]

Thats changing witness Hilary Clinton's visit to West Bengal and the change in West Bengal chief minister Mamata's thinking.

So it requires Hilary Clinton to ask a regional-level politician like Mamata, before the Indian Government can carry out any reforms at all?

And Mamata easily could backflip again at the last second and bring the entire reform process crashing down, once again.

 

[ChinaToday]

when they predicted china going to overtakes usa they got the stats and datas to back it up ie gdp 3 x or 4 x america , maintain double digits growth for over 20 years ect ect... where as for india they dont have anything to back it except democracy and population

 

[Yeti]

So it requires Hilary Clinton to ask a regional-level politician like Mamata, before the Indian Government can carry out any reforms at all?

And Mamata easily could backflip again at the last second and bring the entire reform process crashing down, once again.

Key reforms can't be passed otherwise if they are not backed can they? this is not China but India and in that respect we are worse for it

However this retail reform yes it is of benefit for logistics and cold storage which we need but it must not be at the cost of farmers that is what Mamata has said which is a fair point.

 

[Chinese-Dragon]

Key reforms can't be passed otherwise if they are not backed can they? this is not China but India and in that respect we are worse for it

Reforms can't be passed at all.

We all saw the Indian government forced to backflip over and over again over the retail FDI issue. Even one low-level regional politician like Mamata can crash the entire system.

If you can't even pass something as small as retail FDI, the chances of passing good nation-wide reforms is zero.

That yet another reason why you were downgraded by S&P, along with your terrible fiscal deficit, debt-to-GDP ratio and trade deficit. Not to mention shrinking 6.1% GDP growth rates and the collapsing value of the Rupee.

 

[ChinaToday]

India's GDP forecast cut to 6.3% by MS

India's GDP forecast cut to 6.3% by MS

with pathetic gdp forcast like this only fool will believed india will surpass china in 2050and we all knew MMS always set target well above india can manage, what this mean is india gdp is about 5.9 to 6.1%

 

[jbond197]

No offence to anyone, but india is a hypa powah buddy, be carefull CD could you post the video india 2030 ? plz thank you

Why you Pakistani & Chinese troll is so obsessed with some silly video from a regional movie.. That probably gives life to trolls like you and your counterparts in Hongkong and China..

Pity you people who are ashamed of your ethnicity and fake yourself on online forums as French and what not..

Let me pass your message again - there is a troll call to CD to post the video, so go ahead champ troll, make yourself relevant!!

 

[Yeti]

They can't be passed at all.

We all saw the Indian government forced to backflip over and over again over the retail FDI issue. Even one low-level regional politician like Mamata can crash the entire system.

If you can't even pass something as small as retail FDI, the chances of passing good nation-wide reforms is zero.

Buddy she is not a low level politician but one who removed the Communist party in power and is Chief minister of West Bengal.
If you remember the Indo-US nuclear deal the 123 agreement how much problems and domestic pressure's we face to pass it? but in the end we did as it was in the countries long term benefit.


However the most important thing for India to do is improve cold storage for food as we have so much wheat etc going to waste and decrease the corruption ill give u a perfect case of state wastage you can read:


BBC News - India probes Dalit leader Mayawati's palm tree imports

 

[jbond197]

Yeti, would you stop feeding trolls?? By replying them you are actually helping them earn daily wage more.. Let them die..

 

[Chinese Century]

i say kick the indians out of the BRIC.

even jim o'neill said india is the worst performer in the BRICs.

the entire economy is based on debt, deficits and collapsing currency.
classic ponzi scheme.

bernie madoff should not be in prson, he should be the indian finance minister.
madoff will fit in perfectly managing a ponzi scheme as the indian finance minister.

all ponzi schemes collapse and the indian ponzi scheme is collapsing right before our very eyes.
the indian 'miracle' was good while it lasted. now they are doomed.

indians as always is all talk and no substance.
they talk a big talk, but fire blanks when it comes to actually delivering.