China, India economies set to dwarf G7 before long -OECD.

[Icewolf]

India right now is a primitive economy... No future for it..

It was going in the right direction in the 80's when it opened up its economy but unfortunately these economic reforms stayed and as the world economy grew more mature, India could never catch up. Now whats going on in India is that the rich are getting richer while poor are getting poorer and this gives the illusion that India is doing well economically, but really this is all just a bubble and will pop in few years... ONly one in BRIC who people shoud really pay attention to is China, rest countries are useless

Add that to the rising debt and inflating currency and you see this is just a ponzi scheme..... even few months ago india proposed that $1 trillion was going to spent on infrastructure, but does india have that type of money?

 

[Zheng He]

India right now is a primitive economy... No future for it..

It was going in the right direction in the 80's when it opened up its economy but unfortunately these economic reforms stayed and as the world economy grew more mature, India could never catch up. Now whats going on in India is that the rich are getting richer while poor are getting poorer and this gives the illusion that India is doing well economically, but really this is all just a bubble and will pop in few years... ONly one in BRIC who people shoud really pay attention to is China, rest countries are useless

Add that to the rising debt and inflating currency and you see this is just a ponzi scheme..... even few months ago india proposed that $1 trillion was going to spent on infrastructure, but does india have that type of money?

Yup, the Indian 'growth' story was all based on continually going into debt. Once they reached the tipping point, growth is falling (real GDP numbers are worse than official) and the currency collapsed and have not recovered. It's at 55 and going lower.
As you said, it was a debt based Ponzi scheme. The Indian debt situation is alot worse than what's in the official books. There are many off balance sheet items.

 

[faithfulguy]

Yup, the Indian 'growth' story was all based on continually going into debt. Once they reached the tipping point, growth is falling (real GDP numbers are worse than official) and the currency collapsed and have not recovered. It's at 55 and going lower.
As you said, it was a debt based Ponzi scheme. The Indian debt situation is alot worse than what's in the official books. There are many off balance sheet items.

Agree. And Indians here like to sooth their souls with movies about a future India superpower with white servants. But I sympathize with the despicable state of India and understand how some of them would talk down others just to make themselves feel better about the sorry state of their country

 

[conworldus]

Do China and India form an exclusive club, have a military alliance, or anything? If not, why do so many articles put these two together. These two country are so different in EVERY aspects except population size. Genetically we are also different groups.