Counting the Cost - India's rising power in Africa

[Kyusuibu Honbu]

you don't through stones at others house when your own house is made of glass..... going by your logic broken economy like venezuala (16,529$), Greece, argentina (world bank 2014) has more per capita income than your China...
List of countries by GDP (nominal) per capita - Wikipedia, the free encyclopedia
so will you say your country is a $hith0le (acc to your logic)???. infact your per capita ranking is 80.... !!!! so why brag about your so called economic prowess as only second to USA.... you seem to judge evrything and all national and international dealings of a country on basis of per capita income???
one advice to you.... troll less... be humble....
"With pride, there are many curses. With humility, there come many blessings."
Ezra Taft Benson

@Spectre @nForce

He is incapable of comprehending a basic fact :GDP per capita difference between two nations has no relation to ability one to invest in other

For instance UK GDP per capita is 28 times that of Indian GDP per capita yet India is third largest FDI source for UK

List of countries by GDP (nominal) per capita - Wikipedia, the free encyclopedia

India emerges as third largest FDI source for U.K. - The Hindu

Makes me wonder, where they got their economics degree from

 

[Jat Boy]

India GDP per capita is very low at $1600 Per head and indians will have to take that on the chin

Well done pakistanis

INDIA TOO FAR TO GO YET

But

Those poor indians still have better per capita than the filthy rich pakistanis who enjoy less $1200 per capita each.

I wont post figs of GDP or FOREX because when they are 10 times the size and 30 times the size it embaressing.

Country comparison Pakistan vs India GDP per capita (Euros) 2015 | countryeconomy.com

we should not really compare because india is the 7th largest economy in the world and pakistan ranks 56th

but its good to educate those idiots that claim AFRICA is richer than india.

For the record 55 COUNTRIES have a better GDP than Pakistan 90 countries are growing faster in GDP as we speak than pakuistan.

Bangladesh forex is $8 billion greater than PAKISTAN

 

[Mr.Nair]

A 1000 dollar question is when we can expect Pakistan-African summit in Pakistan !

Indian Companies Stake Claim to African Vehicle Market

Tata Motors bets big on defence sector | Latest News & Updates at Daily News & Analysis

Availability of affordable generic medicines from India has earned it the title of being the ‘pharmacy of the developing world.’ Affordable medicines from India have saved millions of lives in Africa over the past two decades, particularly of people suffering from HIV, cancer, hepatitis and tuberculosis. Over 96 per cent of all HIV medicines purchased by donor agencies for use in poor countries globally are sourced from India. Patient-support programmes of organisations like MSF (Doctors Without Borders) fully depend on Indian generics. These drugs are also saving lives of citizens from the developed world, who travel to India just to get cured using generic drugs. Because of generic anti retroviral drugs manufactured in India, the price of basic HIV treatment combination dropped from over $10,000 to around $100.

and much more on various field......

 

[Icewolf]

Wait India having power in Africa? Africa should help India instead.

 

[Shotgunner51]

@Shotgunner51 very cleverly included the average PCI of only a few developing sub sharan african countries not all of them. May be he doesnt even know how many countries are there in sub sharan region

Look on the Brighter side, we have Chinese engaging in cherry picking and intellectual dishonesty

Seems that you still have some queries on this issue? I posted the links, so is it your lack of basic literacy to verify data? Or just find it too bitter to swallow so might as well deny it? Either way understandable, let me help spoon-feed you step-by-step.

Sources: The World Bank, so is it "globally reputed" for you?

Sub-Saharan Africa (all income levels), what is it?

• 48 countries: Angola, Benin, Botswana, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Congo, Dem. Rep., Congo, Rep., Cote d'Ivoire, Equatorial Guinea, Eritrea, Ethiopia, Gabon, Gambia, The, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe
• 2014 Population 974,324,323
• 2014 GDP $1,728,322,315
• Data sources: World Development Indicators| World DataBank

OK then now we know what is Sub-Saharan Africa, how does it compare with india on GDP per Capita?

• Data sources: GDP per capita (current US$) | Data | Graph

• 2014 GDP per Capita, Sub-Saharan Africa (all income levels) $1,773.9, india $1,595.7.
• SSA is 11.2% higher than india
  
• Data shows that india is always lower than SSA from 2006 to 2014, 9 years in a row

So the fact is simple, straightforward and obvious: india has lower GDP/capita than Sub-Saharan Africa
Any more query on this issue?

 

[Shotgunner51]

Is the bolded part your personal observation or opinion of Globally reputed economic watchdogs?

Is the CIA World Factbook a globally reputed economic watchdog for you?

Now let's compare industrial GDP for 2014:​

• • india is only $528 billion, on par with much less populous countries like France ($521 billion) & Italy ($520 billion), KSA ($503 billion), Mexico ($439 billion) & Indonesia ($417 billion).
  • The advanced industrialized nation, far smaller in population, are like Japan ($1.27 trillion), Germany ($1.085 trillion), South Korea ($564 billion)
  • Look at other BRICS. Tiny South Africa $108 billion, Brazil $645 billion, Russia $669 billion, and China a staggering $4.42 trillion!
  • It carries only 25.8% in overall GDP, on par with Nigeria (25.7%), below world average of 30.5%

Instead of industrial, let's look at agricultural GDP 2014:​

• • india is $356 billion, second only to China's $945 billion, a fair output given so many people to feed.
  • It carries 17.4% weight in overall GDP, second only to Nigera (17.8%), overtaking Indonesia, Thailand, Iran and Argentina, far higher than world average of 5.9%

Does these data suggest india being an industrialized nation? or an agrarian economy?

Data sources:

The World Factbook
List of countries by GDP sector composition - Wikipedia, the free encyclopedia​

If he was so butthurt with this thread title, he could have debunked the video title and content by simply posting information of India Africa trade and Investment contrasting it other nations trading and investing in Africa, rather he went on to post unrelated garbage on GDP per capita comparisons with SSA. Guess such illogical nonsense appealed to intellect of Chinese and Pakistanis members on this thread hence that post

You mention "butthurt" about thread title? let's have a chat on this "butthurt" issue.

First look at india. The small and low-tech industrial base gives incompetitive hi-tech exports, even weaker than either Philippines, Vietnam or Czech Republic! The country suffers a 30+ years long trade deficit, and heavily indebted to international creditors, by now negative $362 billion. Given the negative position, limited financial reserves have to be managed for servicing much bigger external debts, no luxury for aggressive investment like Sovereign Welfare Fund (SWF).

Then China. The world's biggest industrial base also tops the world's exports. Particularly in very competitive high-tech, China exports more than US-Germany-Japan-France combined! Despite massive imports of energy and raw materials (world biggest importer of crude oil and many strategic materials), China has been enjoying trade surplus for 2 decades, this year is expected to reach $600 billion, again tops the world. Last but not least, China mainland alone is the world's second largest creditor after Japan, China combined (HK/MC/TW) largest in the world. Due to excessive financial reserves, following experience of Singapore, UAE, China has started to setup Sovereign Welfare Funds which by now again is number one largest in the world.

The contrast seems staggering.

Data sources: In Post #22​

Now knowing these facts, can you explain whose "butt" is "hurt"?

 

[AndrewJin]

Is the CIA World Factbook a globally reputed economic watchdog for you?

Now let's compare industrial GDP for 2014:​

• • india is only $528 billion, on par with much less populous countries like France ($521 billion) & Italy ($520 billion), KSA ($503 billion), Mexico ($439 billion) & Indonesia ($417 billion).
  • The advanced industrialized nation, far smaller in population, are like Japan ($1.27 trillion), Germany ($1.085 trillion), South Korea ($564 billion)
  • Look at other BRICS. Tiny South Africa $108 billion, Brazil $645 billion, Russia $669 billion, and China a staggering $4.42 trillion!
  • It carries only 25.8% in overall GDP, on par with Nigeria (25.7%), below world average of 30.5%

Instead of industrial, let's look at agricultural GDP 2014:​

• • india is $356 billion, second only to China's $945 billion, a fair output given so many people to feed.
  • It carries 17.4% weight in overall GDP, second only to Nigera (17.8%), overtaking Indonesia, Thailand, Iran and Argentina, far higher than world average of 5.9%

Does these data suggest india being an industrialized nation? or an agrarian economy?

Data sources:

The World Factbook
List of countries by GDP sector composition - Wikipedia, the free encyclopedia​

You mention "butthurt" about thread title? let's have a chat on this "butthurt" issue.

First look at india. The small and low-tech industrial base gives incompetitive hi-tech exports, even weaker than either Philippines, Vietnam or Czech Republic! The country suffers a 30+ years long trade deficit, and heavily indebted to international creditors, by now negative $362 billion. Given the negative position, limited financial reserves have to be managed for servicing much bigger external debts, no luxury for aggressive investment like Sovereign Welfare Fund (SWF).

Then China. The world's biggest industrial base also tops the world's exports. Particularly in very competitive high-tech, China exports more than US-Germany-Japan-France combined! Despite massive imports of energy and raw materials (world biggest importer of crude oil and many strategic materials), China has been enjoying trade surplus for 2 decades, this year is expected to reach $600 billion, again tops the world. Last but not least, China mainland alone is the world's second largest creditor after Japan, China combined (HK/MC/TW) largest in the world. Due to excessive financial reserves, following experience of Singapore, UAE, China has started to setup Sovereign Welfare Funds which by now again is number one largest in the world.

The contrast seems staggering.

Data sources: In Post #22​

Now knowing these facts, can you explain whose "butt" is "hurt"?

I guess our famous waz tagger doesn't know much about sovereign welfare funds given their terrible fiscal capability. I guess the real butt hurt stuff is that they have to remove their road building fund to make a contribution to our African brothers.

 

[liall]

Some no job Chinese posters always commenting in thread related to India.

 

[AndrewJin]

You are doing it again.

Our esteemed Chinese poster @AndrewJin who racially abuses Pakistanis

@waz

 

[IndoCarib]

Is the CIA World Factbook a globally reputed economic watchdog for you?

Now let's compare industrial GDP for 2014:​

• • india is only $528 billion, on par with much less populous countries like France ($521 billion) & Italy ($520 billion), KSA ($503 billion), Mexico ($439 billion) & Indonesia ($417 billion).
  • The advanced industrialized nation, far smaller in population, are like Japan ($1.27 trillion), Germany ($1.085 trillion), South Korea ($564 billion)
  • Look at other BRICS. Tiny South Africa $108 billion, Brazil $645 billion, Russia $669 billion, and China a staggering $4.42 trillion!
  • It carries only 25.8% in overall GDP, on par with Nigeria (25.7%), below world average of 30.5%

Instead of industrial, let's look at agricultural GDP 2014:​

• • india is $356 billion, second only to China's $945 billion, a fair output given so many people to feed.
  • It carries 17.4% weight in overall GDP, second only to Nigera (17.8%), overtaking Indonesia, Thailand, Iran and Argentina, far higher than world average of 5.9%

Does these data suggest india being an industrialized nation? or an agrarian economy?

Data sources:

The World Factbook
List of countries by GDP sector composition - Wikipedia, the free encyclopedia​

You mention "butthurt" about thread title? let's have a chat on this "butthurt" issue.

First look at india. The small and low-tech industrial base gives incompetitive hi-tech exports, even weaker than either Philippines, Vietnam or Czech Republic! The country suffers a 30+ years long trade deficit, and heavily indebted to international creditors, by now negative $362 billion. Given the negative position, limited financial reserves have to be managed for servicing much bigger external debts, no luxury for aggressive investment like Sovereign Welfare Fund (SWF).

Then China. The world's biggest industrial base also tops the world's exports. Particularly in very competitive high-tech, China exports more than US-Germany-Japan-France combined! Despite massive imports of energy and raw materials (world biggest importer of crude oil and many strategic materials), China has been enjoying trade surplus for 2 decades, this year is expected to reach $600 billion, again tops the world. Last but not least, China mainland alone is the world's second largest creditor after Japan, China combined (HK/MC/TW) largest in the world. Due to excessive financial reserves, following experience of Singapore, UAE, China has started to setup Sovereign Welfare Funds which by now again is number one largest in the world.

The contrast seems staggering.

Data sources: In Post #22​

Now knowing these facts, can you explain whose "butt" is "hurt"?

Cry all you want. Barring a few like S Africa, Gabon, ,most of these countries have PCI less than 1000$, some have less than 500$. Dont worry, Indian aid will go to poorer of sub saharan africa.

PM Modi offers Africa $10-bn loan, says projects to be monitored | The Indian Express

India is stepping up its investment in Africa whereas China's is down

China's investment in Africa down 40% on year: govt - Yahoo News India

Why India, not China, is a better investment partner for Africa
Quartz

Some more for you to chew on and sulk !

 

[arp2041]

As always....indians showing INTOLERANCE to views from the other side.

 

[Shotgunner51]

@Shotgunner51 very cleverly included the average PCI of only a few developing sub sharan african countries not all of them. May be he doesnt even know how many countries are there in sub sharan region

Cry all you want. Barring a few like S Africa, Gabon, ,most of these countries have PCI less than 1000$, some have less than 500$.

Let's see who should be crying? You did say I used "average PCI of only a few developing sub sharan african countries not all of them", didn't you? And now you say "Barring a few like S Africa, Gabon, most of these countries have PCI less than 1000$, some have less than 500$". Alright, what is real data for Sub-Saharan Africa? Now read these:

1. SSA (all income levels) consists of 48 countries. Check post #38
   
2. In 2014 SSA $1,774 vs india $1,596
3. From year 2006 to 2014, india is always lower than SSA, 9 years in a row.

Yes, these are hard facts from the World Bank, ground realities are too bitter to accept so you are in denial? So here you go and chew hard slowly on this: india has lower GDP/capita than Sub-Saharan Africa

Dont worry, Indian aid will go to poorer of sub saharan africa.

PM Modi offers Africa $10-bn loan, says projects to be monitored | The Indian Express

India is stepping up its investment in Africa whereas China's is down

China's investment in Africa down 40% on year: govt - Yahoo News India

Why India, not China, is a better investment partner for Africa
Quartz

Some more for you to chew on and sulk !

Why bring China into this discussion? Since you are at it then let's chat a bit.

The China Global Investment Tracker is a comprehensive data set covering China’s global investment and construction activity. Inaugurated in 2005, the CGIT now includes approximately 1,600 large transactions worth well over $1 trillion across energy, real estate, high-tech, and other industries. The full list of transactions, including the amount, the parent investor, the host country, and the sector, is available for public use with the proper citation. The tracker is published by the American Enterprise Institute and the Heritage Foundation. Between 2005 and July 2013, CGIT has captured $119.7 billions of investment in Sub-Saharan Africa.​

Forex reserves under central banks are just "defensive" investment, therefore some countries (well india obviously not included) do setup Sovereign Welfare Funds as one way (there are others) to manage excessive reserves. China (HK included) Sovereign Welfare Funds have around $2 trillion of assets cross the globe under management now, largest in the world.​

So india is coming up with a $10 billion loan? Sure everyone can "step up" investment, especially when base is low there is only one way to go aka UP, the only question is how deep is one's pocket? The modest size of indian investment is understandable, after all india is just a trade deficit nation, moreover it is a major debtor nation (latest international position is already negative $362 billion!) so how high up there can india "step up"?

 

[IN-2030]

Yes, recorded data shows that india ($1,596; World Bank 2014) has lower GDP/capita than Sub-Saharan region ($1,774), let alone the far more developed Arabic countries in the north like Morocco ($3,103) Egypt ($3,199), Algeria ($5,498) or war-torn Libya ($6,570). Given the fact that Africa is home to most fastest growing economies (South Sudan tops the world by a stunning 36.2%; World Bank 2014), there is no data to support the prediction that india is catching up with Africa any time soon, or would it ever happen.

GDP per capita (current US$) | Data | Graph

Other facts that support future growth potential of Africa includes its vast territory of over 30 million sq.km, rich natural resources, billion plus population of fast-improving literacy/health, massive infrastructure building plans, and continuous offshoring of manufacturing jobs (e.g. Special Economic Zones) from other industrialized economies.

@Dungeness @Economic superpower

LoL...amazing to see chinese talking about gdp per capita of INDIA.. what was gdp per capita of China in 2004,it was not even $1500 ...was not chinese companies were investing in china?!! check gdp per capita of INDIA IN 2010 it was $1500 but due to rupee depreciation dollar per capita hadn't moved up in 2011-14 now it goes to $1900 and if current trend goes it will cross $3000 by 2019...
Whom am i trying to convince?? to trollers

 

[faithfulguy]

LoL...amazing to see chinese talking about gdp per capita of INDIA.. what was gdp per capita of China in 2004,it was not even $1500 ...was not chinese companies were investing in china?!! check gdp per capita of INDIA IN 2010 it was $1500 but due to rupee depreciation dollar per capita hadn't moved up in 2011-14 now it goes to $1900 and if current trend goes it will cross $3000 by 2019...
Whom am i trying to convince?? to trollers

He is right about India's ability to punch above its weight. India per capita income is below that of subsaharan Africa. But it's trying to help other. We all know that India need to build up its infrastructure, sanitation and be able to feed its own people. Why help others when you can't help yourself? First, India need to help itself before helping others.