Chanakyaa
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will a failed economy, a rocket high inflation, india is not going to match such kind of growth.
let's just be honest: how many indians work hard and deliver results? not many. they dream, they talk, they plan, they make proposal, they argue, they discuss, they debate, but they just don't willing to work on it and complete it.
Professor As Aslways.... Your Data is Incorrect. Infact the Reality is Opposite.
You Need a Reality Check....
But as many other analysts have argued, China is most likely to experience a soft landing. As Stephen Roach, non-executive Chairman of Morgan Stanley Asia, writes:
Chinas economy is slowing. This is no surprise for an export-led economy dependent on faltering global demand. But Chinas looming slowdown is likely to be both manageable and welcome. Fears of a hard landing are overblown.
(cont.) An increasingly unbalanced Chinese economy cannot afford persistent 10% GDP growth. Provided that there is no recurrence of the severe external demand shock of 2008 a likely outcome unless Europe implodes there is good reason to hope for a soft landing to around 8% GDP growth. A downshift to this more sustainable pace would provide welcome relief for an economy long plagued by excess resource consumption, labour-market bottlenecks, excess liquidity, a large buildup of foreign-exchange reserves, and mounting inflationary pressures.
For China, there is a deeper meaning to recent global developments. A second major warning shot in three years has been fired at this export-led economy. First, the United States, and now Europe China's two largest export markets are in serious trouble and can no longer be counted on as reliable, sustainable sources of external demand. As a result, there are now major questions about the sustenance of China's long powerful export-led growth model.
Accordingly, China has no choice but to move quickly to implement the pro-consumption initiatives of its recently enacted 12th Five-Year Plan. Strategic transition is what modern China is all about. Thats what happened 30 years ago, when economic reform began. And it needs to happen again today. For China, a soft landing will provide a window of opportunity to press ahead with the formidable task of increasingly urgent economic rebalancing.
Read more of Myths debunked Why China will have a soft landing by Stephen S. Roach here.
In terms of growth forecasts, Chinas GDP is expected to reach $7.209 trillion in 2012 with a growth rate of 9.52 percent. In contrast, major advanced economies in the G7 are looking at a collective growth average of just 2.45 percent.
India too, is looking forward to a good year in 2012. GDP is forecasted at $1.858 trillion, a 7.82 percent increase from 2011. Home to the second largest population in the world, Goldman Sachs predicts that India would become the third largest economy in the world by 2035, just behind the United States and China.
Globally, companies have their eyes set on India as a rapidly growing nation that is full of opportunities. The sheer scale of development needed could drive growth for many years.
India has the advantage of size. The scope of growth and excess capacity present in terms of resources would drive growth in the future, said Madan Sabnavis, chief economist at Care.
But in what would come as a surprise for many - It is indeed time for Africa.
Source ::: http://www.economywatch.com/economic-statistics/year/2012/
(the real one apparently are not doing a good job.
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