AndrewJin
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Can be, will be.....Let's wait until 2012.
2015 Q2 GDP growth (dollar) rate of top 20 economies
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Martian2
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China's nominal GDP growth is unparalleled.
I will try to convince everyone that China's nominal GDP growth is the highest in the world.
Indian members should stop trying to compare their country to China, because it's no contest.
Nominal GDP growth from 2010 to 2015
China: ($11.4 trillion - $6 trillion) / $6 trillion = 90%
India: ($2.2 trillion - $1.7 trillion) / $1.7 trillion = 30%
To make matters worse, China's economy is five times larger than India's.
In conclusion, China's nominal GDP growth has been three times higher than India's over the last five years (90% vs. 30%). Also, China's nominal GDP in absolute terms is five times higher than India's ($11.4 trillion vs. $2.2 trillion).
There is no way that any Indian can convince a Chinese that the two economies belong in the same league or are worthy of a direct comparison.
I will try to convince everyone that China's nominal GDP growth is the highest in the world.
Indian members should stop trying to compare their country to China, because it's no contest.
Nominal GDP growth from 2010 to 2015
China: ($11.4 trillion - $6 trillion) / $6 trillion = 90%
India: ($2.2 trillion - $1.7 trillion) / $1.7 trillion = 30%
To make matters worse, China's economy is five times larger than India's.
In conclusion, China's nominal GDP growth has been three times higher than India's over the last five years (90% vs. 30%). Also, China's nominal GDP in absolute terms is five times higher than India's ($11.4 trillion vs. $2.2 trillion).
There is no way that any Indian can convince a Chinese that the two economies belong in the same league or are worthy of a direct comparison.
Last edited:
Obambam
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China's nominal GDP is unparalleled.
I will try to convince everyone that China's nominal GDP growth is the highest in the world.
Indian members should stop trying to compare their country to China, because it's no contest.
Nominal GDP growth from 2010 to 2015
China: ($11.4 trillion - $6 trillion) / $11.4 trillion = 47%
India: ($2.2 trillion - $1.7 trillion) / $2.2 trillion = 23%
To make matters worse, China's economy is five times larger than India's.
And their population isn't helping. It is already at a similar level to ours. Imagine having to look after all these people with such a limited national budget.
AndrewJin
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Yes, I still don't get it, with so little public budget, they still waste a big proportion in Rafale.
Their people mean nothing to their elected government.
Martian2
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My best four arguments that India should not compare itself to China
1. China's ($11.4 trillion) nominal GDP is five times larger than India's ($2.2 trillion).
If we adjust China's nominal GDP to the SNA 2008 method, China's nominal GDP is closer to $12.5 trillion. China's nominal economy is actually 5.7 times larger than India's.
2. China's nominal GDP growth rate is three times higher than India's.
By eyeballing China's nominal GDP for 2010 ($6 trillion) to 2015 ($11.4 trillion), you can see that it almost doubled. The exact nominal GDP growth rate was 90%.
Indian nominal GDP for 2010 ($1.7 trillion) to 2015 ($2.2 trillion) grew by 30%.
China is growing three times faster than India and will continue to outgrow India in the future. The Indian currency is simply depreciating too excessively each year.
3. China Inc. is profitable and this has been true for decades. This year, China's merchandise trade surplus is about $550 billion US dollars.
India Inc. has been unprofitable for as long as I can remember. The Indian annual trade deficit is about $137 billion.
------------------------------
Indian trade deficit increases to $137 billion.
There is no sign that India will ever follow in China's footsteps. India Inc. keeps bleeding cash. Without a cash hoard to fund modern manufacturing plants and R&D, India will perpetually stay a backward country.
Prime Minister Modi has shown no discernible impact on India's economy.
India frets trade gains could unravel as deficit widens | Reuters
"India frets trade gains could unravel as deficit widens
NEW DELHI | BY MANOJ KUMAR
Fri Apr 17, 2015 7:09pm IST
...
Annual figures published on Friday for the full fiscal year that ended in March showed merchandise exports declined 1.2 percent to $310.5 billion, while imports were down 0.6 percent, at $447.6 billion.
That widened the annual trade deficit for Asia's third-largest economy to $137 billion in the 2014/15 fiscal year from $135.8 billion in the preceding year, with the fall in net exports likely to hurt gross domestic product."
------------------------------
4. China is Asia's leading science nation. Worldwide, China ranks second in the number of research articles published in the prestigious journal Nature.
In comparison, India is a meager 5% of China's output in Nature articles. Since India is only 1/20th of China's scientific research capability, it is silly to compare the two countries.
China produced 427 Nature articles. India produced only 20. This is not competitive.
Country rankings | Nature Publishing Index Asia-Pacific | Nature Publishing Group
In conclusion, the gap between China and India is unbelievably huge.
China's nominal GDP is about 5.7 times larger than India's (using SNA 2008), grows three times faster on average (90% vs. 30%), the difference is almost $700 billion in trade (e.g. China has a $550 billion trade SURPLUS; India has a $137 billion trade DEFICIT), and China's research publication is 20 times higher in the prestigious journal Nature (427 Chinese research articles vs. 20 Indian articles).
Why in the world would anybody want to compare India to China? They do not belong in the same classification.
China's economy should only be compared to the United States or the European Union.
China's economic growth is relevant in determining the speed at which China is closing in on US nominal GDP.
China's trade surplus is relevant in calculating the additional contribution to China's nominal GDP growth. I can't think of a single major nation that has a China-like nominal GDP growth rate.
China's #2 worldwide ranking in Nature publications should only be compared to the United States (ranked world #1) or Germany (ranked world #3). At worst, China should only be compared to Japan (ranked world #6).
1. China's ($11.4 trillion) nominal GDP is five times larger than India's ($2.2 trillion).
If we adjust China's nominal GDP to the SNA 2008 method, China's nominal GDP is closer to $12.5 trillion. China's nominal economy is actually 5.7 times larger than India's.
2. China's nominal GDP growth rate is three times higher than India's.
By eyeballing China's nominal GDP for 2010 ($6 trillion) to 2015 ($11.4 trillion), you can see that it almost doubled. The exact nominal GDP growth rate was 90%.
Indian nominal GDP for 2010 ($1.7 trillion) to 2015 ($2.2 trillion) grew by 30%.
China is growing three times faster than India and will continue to outgrow India in the future. The Indian currency is simply depreciating too excessively each year.
3. China Inc. is profitable and this has been true for decades. This year, China's merchandise trade surplus is about $550 billion US dollars.
India Inc. has been unprofitable for as long as I can remember. The Indian annual trade deficit is about $137 billion.
------------------------------
Indian trade deficit increases to $137 billion.
There is no sign that India will ever follow in China's footsteps. India Inc. keeps bleeding cash. Without a cash hoard to fund modern manufacturing plants and R&D, India will perpetually stay a backward country.
Prime Minister Modi has shown no discernible impact on India's economy.
India frets trade gains could unravel as deficit widens | Reuters
"India frets trade gains could unravel as deficit widens
NEW DELHI | BY MANOJ KUMAR
Fri Apr 17, 2015 7:09pm IST
...
Annual figures published on Friday for the full fiscal year that ended in March showed merchandise exports declined 1.2 percent to $310.5 billion, while imports were down 0.6 percent, at $447.6 billion.
That widened the annual trade deficit for Asia's third-largest economy to $137 billion in the 2014/15 fiscal year from $135.8 billion in the preceding year, with the fall in net exports likely to hurt gross domestic product."
------------------------------
4. China is Asia's leading science nation. Worldwide, China ranks second in the number of research articles published in the prestigious journal Nature.
In comparison, India is a meager 5% of China's output in Nature articles. Since India is only 1/20th of China's scientific research capability, it is silly to compare the two countries.
China produced 427 Nature articles. India produced only 20. This is not competitive.
Country rankings | Nature Publishing Index Asia-Pacific | Nature Publishing Group
In conclusion, the gap between China and India is unbelievably huge.
China's nominal GDP is about 5.7 times larger than India's (using SNA 2008), grows three times faster on average (90% vs. 30%), the difference is almost $700 billion in trade (e.g. China has a $550 billion trade SURPLUS; India has a $137 billion trade DEFICIT), and China's research publication is 20 times higher in the prestigious journal Nature (427 Chinese research articles vs. 20 Indian articles).
Why in the world would anybody want to compare India to China? They do not belong in the same classification.
China's economy should only be compared to the United States or the European Union.
China's economic growth is relevant in determining the speed at which China is closing in on US nominal GDP.
China's trade surplus is relevant in calculating the additional contribution to China's nominal GDP growth. I can't think of a single major nation that has a China-like nominal GDP growth rate.
China's #2 worldwide ranking in Nature publications should only be compared to the United States (ranked world #1) or Germany (ranked world #3). At worst, China should only be compared to Japan (ranked world #6).
Last edited:
TaiShang
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My best four arguments that India should not compare itself to China
1. China's ($11.4 trillion) nominal GDP is five times larger than India's ($2.2 trillion).
If we adjust China's nominal GDP to the SNA 2008 method, China's nominal GDP is closer to $12.5 trillion. China's nominal economy is actually 5.7 times larger than India's.
2. China's nominal GDP growth rate is three times higher than India's.
By eyeballing China's nominal GDP for 2010 ($6 trillion) to 2015 ($11.4 trillion), you can see that it almost doubled. The exact nominal GDP growth rate was 90%.
Indian nominal GDP for 2010 ($1.7 trillion) to 2015 ($2.2 trillion) grew by 30%.
China is growing three times faster than India and will continue to outgrow India in the future. The Indian currency is simply depreciating too quickly each year.
3. China Inc. is profitable and this has been true for decades. This year, China's merchandise trade surplus is about $500 billion US dollars.
India Inc. has been unprofitable for as long as I can remember. The Indian annual trade deficit is about $137 billion.
Indian trade deficit increases to $137 billion.
There is no sign that India will ever follow in China's footsteps. India Inc. keeps bleeding cash. Without a cash hoard to fund modern manufacturing plants and R&D, India will perpetually stay a backward country.
Prime Minister Modi has shown no discernible impact on India's economy.
----------
India frets trade gains could unravel as deficit widens | Reuters
"India frets trade gains could unravel as deficit widens
NEW DELHI | BY MANOJ KUMAR
Fri Apr 17, 2015 7:09pm IST
...
Annual figures published on Friday for the full fiscal year that ended in March showed merchandise exports declined 1.2 percent to $310.5 billion, while imports were down 0.6 percent, at $447.6 billion.
That widened the annual trade deficit for Asia's third-largest economy to $137 billion in the 2014/15 fiscal year from $135.8 billion in the preceding year, with the fall in net exports likely to hurt gross domestic product."
4. China is Asia's leading science nation. Worldwide, China is second in the number of research articles published in the prestigious journal Nature.
In comparison, India is a meager 5% of China's output in Nature articles. Since India is only 1/20th of China's scientific research capability, it is silly to compare the two countries.
China produces 427 Nature articles. India produced only 20. This is not competitive.
Country rankings | Nature Publishing Index Asia-Pacific | Nature Publishing Group
In conclusion, the gap between China and India is unbelievably huge.
China's nominal GDP is about 5.7 times larger than India's (using SNA 2008), grows three times faster on average (90% vs. 30%), the difference is almost $700 billion in trade (e.g. China has a $550 billion trade SURPLUS; India has a $137 billion trade DEFICIT), and China's research publication is 20 times higher in the prestigious journal Nature (427 Chinese research articles vs. 20 Indian articles).
Why in the world would anybody want to compare India to China? They do not belong in the same classification.
China's economy should only be compared to the United States or the European Union.
China's economic growth is relevant in determining the speed at which China is closing in on US nominal GDP.
China's trade surplus is relevant in calculating the additional contribution to China's nominal GDP growth. I can't think of a single major nation that has a China-like nominal GDP growth rate.
China's #2 worldwide ranking in Nature publications should only be compared to the United States (ranked world #1) or Germany (ranked world #3). At worst, China should only be compared to Japan (ranked world #6).
An excellent scientific comparative analysis for a positive rating.
Learning a lot from these posts.
@Chinese-Dragon
AndrewJin
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That comparison will hurt Modi cheerleaders.My best four arguments that India should not compare itself to China
1. China's ($11.4 trillion) nominal GDP is five times larger than India's ($2.2 trillion).
If we adjust China's nominal GDP to the SNA 2008 method, China's nominal GDP is closer to $12.5 trillion. China's nominal economy is actually 5.7 times larger than India's.
2. China's nominal GDP growth rate is three times higher than India's.
By eyeballing China's nominal GDP for 2010 ($6 trillion) to 2015 ($11.4 trillion), you can see that it almost doubled. The exact nominal GDP growth rate was 90%.
Indian nominal GDP for 2010 ($1.7 trillion) to 2015 ($2.2 trillion) grew by 30%.
China is growing three times faster than India and will continue to outgrow India in the future. The Indian currency is simply depreciating too excessively each year.
3. China Inc. is profitable and this has been true for decades. This year, China's merchandise trade surplus is about $550 billion US dollars.
India Inc. has been unprofitable for as long as I can remember. The Indian annual trade deficit is about $137 billion.
------------------------------
Indian trade deficit increases to $137 billion.
There is no sign that India will ever follow in China's footsteps. India Inc. keeps bleeding cash. Without a cash hoard to fund modern manufacturing plants and R&D, India will perpetually stay a backward country.
Prime Minister Modi has shown no discernible impact on India's economy.
India frets trade gains could unravel as deficit widens | Reuters
"India frets trade gains could unravel as deficit widens
NEW DELHI | BY MANOJ KUMAR
Fri Apr 17, 2015 7:09pm IST
...
Annual figures published on Friday for the full fiscal year that ended in March showed merchandise exports declined 1.2 percent to $310.5 billion, while imports were down 0.6 percent, at $447.6 billion.
That widened the annual trade deficit for Asia's third-largest economy to $137 billion in the 2014/15 fiscal year from $135.8 billion in the preceding year, with the fall in net exports likely to hurt gross domestic product."
------------------------------
4. China is Asia's leading science nation. Worldwide, China ranks second in the number of research articles published in the prestigious journal Nature.
In comparison, India is a meager 5% of China's output in Nature articles. Since India is only 1/20th of China's scientific research capability, it is silly to compare the two countries.
China produced 427 Nature articles. India produced only 20. This is not competitive.
Country rankings | Nature Publishing Index Asia-Pacific | Nature Publishing Group
In conclusion, the gap between China and India is unbelievably huge.
China's nominal GDP is about 5.7 times larger than India's (using SNA 2008), grows three times faster on average (90% vs. 30%), the difference is almost $700 billion in trade (e.g. China has a $550 billion trade SURPLUS; India has a $137 billion trade DEFICIT), and China's research publication is 20 times higher in the prestigious journal Nature (427 Chinese research articles vs. 20 Indian articles).
Why in the world would anybody want to compare India to China? They do not belong in the same classification.
China's economy should only be compared to the United States or the European Union.
China's economic growth is relevant in determining the speed at which China is closing in on US nominal GDP.
China's trade surplus is relevant in calculating the additional contribution to China's nominal GDP growth. I can't think of a single major nation that has a China-like nominal GDP growth rate.
China's #2 worldwide ranking in Nature publications should only be compared to the United States (ranked world #1) or Germany (ranked world #3). At worst, China should only be compared to Japan (ranked world #6).
No worries, Modi will handle it well.
Let's wait until 2012!
AndrewJin
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+1An excellent scientific comparative analysis for a positive rating.
Learning a lot from these posts.
@Chinese-Dragon
@Chinese-Dragon
AndrewJin
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Calm down man, 2012 is in near future.Could, would, should, can be, will be.....
These are famous Indian words.
Indians
Beidou2020
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Chinese retails sales in the first 6 months of 2015 is greater than the ENTIRE Indian economy.
Nilgiri
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No one is really that interested in how much Chinese versus Indians can purchase if they were all shipped off to the US and forced to use US dollars. (Maybe world export companies are to some extent).
If you are all angry that Chinese GDP per capita is only double that of India in PPP terms, that's on you...not us.
Keep self-inflating your ego if it helps you sleep at night!
Beidou2020
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Keep using PPP (a figure that's dismissed by the international community) to keep massaging your ego if it helps you sleep at night.
Nilgiri
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Please show me where the "international community" "dismisses" PPP?
Have you read anything about the process the ICP goes through to establish PPP price level methodology?
Have you ever looked at how the IMF uses PPP extensively to establish the formula for SDR's within its own organisation?
http://www.imf.org/external/pubs/ft/wp/2010/wp10253.pdf
It is not our fault if China does not follow the same degree of comprehensiveness as India in collecting and collating data for submission to the ICP.
Again thats on you, not us.
The rest of the document is an introductory lesson to all you self-declared Chinese "PPP is garbage" experts.
Last edited:
AndrewJin
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Magic Indian consumption. They have no money for electric appliances, no money for traveling abroad, no money for better education, no money for access-controlled expressways, but they have money to buy Rafale. What a successfully demon-crazy!
Beidou2020
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Nearly all mainstream economists except the crackpots that want attention dismiss PPP as a joke as it grossly inflates poor economies. The international community don't rank world economies based on PPP.
Even the Chinese government dismissed PPP when China became number 1 economy. China is nowhere near number 1 economy. India is nowhere near Chinese economy.
India is no where near number 3 in any other measure except PPP.
Indian PPP is highly unreliable because most of that is fluff. Indian economy is utterly irrelevant in the world economy.
3rd largest economy
Dream on kid
India behaves a lot like North Korea.
Spends all the money on military while its population is starving.
Both are despotic regimes.
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