Can India GDP hit 7.3 Trillion$ in 2022?????

[WAR-rior]

Let us not go into personal attacks. I am not here to write grammatically correct English, nor am I here to teach economics.

@on topic if Chinese economy grew from 1.6 T to 7.3 T in 10 years then the average compounded growth rate should be (7.3/1.6)^(1/10)=16.4%.

As far as I know China did not grow any where near that in last 10 years

Exactly..........

Now this 16.4 happened because p/e ratio was 1.5 times the real GDP growth rate. Thats because, Chinese exports are so high that Dollars in China are in abundance. Same is not the case with India due to its import nature. Thats why even if our real GDP grows by around 10%, our nominal growth is around (5 - 10) % only. the day we get either currency strong or a more international level price rates in our domestic market, we wud also get positive in (p/e) factor.

Then even our nominal GDP growth will be around 15%.

 

[IND151]

our GDP will be around 4 trillion $ max in 2022

 

[xuxu1457]

Let us not go into personal attacks. I am not here to write grammatically correct English, nor am I here to teach economics.

@on topic if Chinese economy grew from 1.6 T to 7.3 T in 10 years then the average compounded growth rate should be (7.3/1.6)^(1/10)=16.4%.

As far as I know China did not grow any where near that in last 10 years

Year*** GDP（RMB）*** GDP($)*****growth rate
2011***47,156,400 ***7,426,200***9.2
2010****39,798,315****5,879,063****10.3
2009****34,090,281****4,990,526****9.2
2008****31,404,543****4,521,827****9.6
2007****26,581,031****3,495,664****14.2
2006****21,631,443****2,713,495****12.7
2005****18,493,737****2,257,619****11.3
2004****15,987,834****1,931,644****10.1
2003****13,582,276****1,640,966****10
2002****12,033,269****1,453,820****9.1
2001****10,965,517****1,324,818****8.3

and in 2001,1$=8.28RMB,now 1$=6.35RMB

 

[SpArK]

GDP will hit 5 paisa soon...

 

[Chinese-Dragon]

Year*** GDP（RMB）*** GDP($)*****growth rate
2011***47,156,400 ***7,426,200***9.2
2010****39,798,315****5,879,063****10.3
2009****34,090,281****4,990,526****9.2
2008****31,404,543****4,521,827****9.6
2007****26,581,031****3,495,664****14.2
2006****21,631,443****2,713,495****12.7
2005****18,493,737****2,257,619****11.3
2004****15,987,834****1,931,644****10.1
2003****13,582,276****1,640,966****10
2002****12,033,269****1,453,820****9.1
2001****10,965,517****1,324,818****8.3

and in 2001,1$=8.28RMB,now 1$=6.35RMB

These are real growth rates, not nominal ones.

 

[WAR-rior]

Year*** GDP（RMB）*** GDP($)*****growth rate
2011***47,156,400 ***7,426,200***9.2
2010****39,798,315****5,879,063****10.3
2009****34,090,281****4,990,526****9.2
2008****31,404,543****4,521,827****9.6
2007****26,581,031****3,495,664****14.2
2006****21,631,443****2,713,495****12.7
2005****18,493,737****2,257,619****11.3
2004****15,987,834****1,931,644****10.1
2003****13,582,276****1,640,966****10
2002****12,033,269****1,453,820****9.1
2001****10,965,517****1,324,818****8.3

and in 2001,1$=8.28RMB,now 1$=6.35RMB

Now consider the GDP ($) and try to find the growth one by one. Then compare it with the last colum of given growth. REvert back when you find them the same.

 

[SpArK]

For increasing growth rate use horlicks or complan.

 

[xuxu1457]

we can see that, from 2003 to 2007 ,a very high increase, that's the time when China joint WTO and more open dmestic market,

before that, many Chinese people were afraid of opening dmestic market, but infact, the more you open your dmestic market, the higher competitive your dmestic company have

 

[WAR-rior]

@ ALL

Before assuming anything do get the input data 1st. Before giving a predicted Nominal GDP figure, 1st someone get the GDP PPP of india for 2022. Once that is given, then we can talk.

 

[IND151]

I'll give you the IMF quote again:



edition.cnn.com/2011/BUSINESS/04/26/us.china.economy/index.html

They said it very clearly.

They did NOT give any special exceptions to India.

CD is right

 

[WAR-rior]

CD is right

What rite? Its true that internationlly comaprisions are made by nominal GDP.

But nominal cannot be calculated without PPP GDP of any country. to calculate 'y', u need to know 'x' rite?

SO how can GDP PPP be irrelevant.

Also no one is ranking India on basis of PPP GDP. But people here are assuming nominal GDP without even trying to know the PPP GDP.

Hows that possible ?

 

[xuxu1457]

Now consider the GDP ($) and try to find the growth one by one. Then compare it with the last colum of given growth. REvert back when you find them the same.

what you said is nominal growth, the listed is actual growth rate, need to cut Exchange rate, Price and Inflation

such as 2011 you harvest 10 ton rice, price :1000$/ton, you get 10000$
2012 you harvest 10 ton rice, price :1500$/ton, you get 15000$

but your GDP increase 0, cut the price element

 

[WAR-rior]

what you said is nominal growth, the listed is actual growth rate, need to cut Exchange rate, Price and Inflation

such as 2011 you harvest 10 ton rice, price :1000$/ton, you get 10000$
2012 you harvest 10 ton rice, price :1500$/ton, you get 15000$

but your GDP increase 0, cut the price element

exactly, u r rite.

then why were u arguing otherwise before. I have been saying from my 1st post that chinese growth from 1.3 to 7.3 is not due to real growth rate. its because of real growth rate multiplied by (p/e) which was heavily in favor of chinese due to their export nature and fixed currency rate. If you wud have kept your currency rate floating, yuan wud have been very much equal to dollar and your nominal growth rate wud have been less irrespective of same real growth. Reason being ur 'e' wud have made p/e ration larger which when divided by your PPP GDP wud have given comparatively low nominal GDP.

 

[xuxu1457]

exactly, u r rite.

then why were u arguing otherwise before. I have been saying from my 1st post that chinese growth from 1.3 to 7.3 is not due to real growth rate. its because of real growth rate multiplied by (p/e) which was heavily in favor of chinese due to their export nature and fixed currency rate. If you wud have kept your currency rate floating, yuan wud have been very much equal to dollar and your nominal growth rate wud have been less irrespective of same real growth. Reason being ur 'e' wud have made p/e ration larger which when divided by your PPP GDP wud have given comparatively low nominal GDP.

no PPP only used at dmestic at one time, not used to campare, for in Japan 10$ you can only buy 3 shallot, in India can buy 300 shallot, but Japan can use the 10$ to buy 300 from India but India buy only 3 from Japan

 

[WAR-rior]

no PPP only used at dmestic at one time, not used to campare, for in Japan 10$ you can only buy 3 shallot, in India can buy 300 shallot, but Japan can use the 10$ to buy 300 from India but India buy only 3 from Japan

so when sis i deny ?

But tell me how can u calculate nominal GDP without knowing PPP GDP. Even your chinese niminal GDP is calculated after calculating PPP GDP. then you guys calculate (p/e) to get nominal.

You simply cant directly calculate nominal GDP. not possible