High tech export: india is worse than Philippines

[randomradio]

Excuse and blaming mentality. Why not just admit India industries is totally not capable of producing such stuff? You really think India is capable of making high end equipment like Tunnel Boring Machine and latest smart phone chip set? Not even in next 100 years.

We now manufacture fighter aircraft, submarines and satellite launch rockets.

You really think a tunnel boring machine surpasses all of the above? High IQ Chinese indeed.

 

[Han Patriot]

OK that answers my question. You have done no basic study on Deng's reforms at all (Taxes/extractions btw come in many guises, GST/VAT is just one small part).

Neither do you understand how short, mid and long term liquidity chains benefit as result of that in like economics 101 way.

If a govt extracts less from an economy at every crucial high OC step for nascent industry, where do you think the liquidity goes genius? Do you know how a bank works when its operating on FRB system? Looked into the 1992 CPC congress decision for eventual FRB (fully implemented cpl years later I believe), and why it was instrumental in unleashing the credit from the environment Deng created in 80s?

How do you know I have not studied anything? OO yah you are Indian, you know all about Chinese reforms. I AM THE PRODUCT OF THAT REFORM BTW.

Now you are shifting the goal post, first you point out that GST will transform India into the next China while I am telling you tax reform is just one small part of that reform. The real harbingers of that reform was the unleash of the pent up entrepreneurial spirit, the changing of the economic production mode, from joint ownership to individual ownership. Tax reforms came later on, almost 10 years after the reform. Hell up til the 90s, Chinese tax codes were in a mess, even India had a more developed tax code, Chinese reform merely upgraded the tax code to a more internationally accepted standard.

I already explained the socio economic argument too, it is not such black and white issue at all. Even taking the face value numbers of the socioeconomic disparity, applying a normal distribution analysis between India and China still leaves major difference in what I am talking about (genuine liquidity flow reform)....i.e India should be at least 2 - 3 times larger in nominal GDP and somewhat bigger in PPP (And assuming 0 ramped crossflow into socioeconomic across the time period) if equivalent reforms were done in India as China did in the 80s....esp how Deng oriented them from ground up as well as top down in sequence.

You are assuming, but the reality is different, India have had private ownership like since forever. You need to understand CCP destroyed private production after 1949. However poor they were in economic management, one thing they did well at least prior to 1967 was investment in social programs. This dividend proved immensely useful when China began the reform in the 80s. The real bottleneck to Indian growth was the government, in China, the growth was due to the government. The real disparity is in competency levels, China is result driven, India talks. No point telling me about PEE PEE PEE, that metrics is bullshit, is your oil imports priced in PPP? Unless India is an isolated country in Mars, it is meaningless.

In fact the stuttering of Indian economy from 2009 for about 5 years show just how bad the liquidity chain situation still was....because in 1991, all the reforms did was largely capital account based only to ease an immediate BoP problem. There was thus still one arm being held behind the back that is now only slowly being released for work.

So using apples and oranges to compare but claiming both are apples is frankly silly and very CPC-groupthink oriented.
.

Wtf is liquidity chain, stop using the word liquidity, use the word credit. India will revert back to that mode once oil prices rise. The only reason these past 3 years was a bonanza was due to oil price not becoz your government suddenly became competent. Remember the rupee was 45:1 and the rupee is still in the 65:1 range today. It has never recovered, only growth had been good due to oil price. India is still a country dependent on Monsoon rains for god's sake. GST will not make you the next China, investment in social programs, infrastructure and TOILETS will change India.

 

[AndrewJin]

How do you know I have not studied anything? OO yah you are Indian, you know all about Chinese reforms. I AM THE PRODUCT OF THAT REFORM BTW.

Now you are shifting the goal post, first you point out that GST will transform India into the next China while I am telling you tax reform is just one small part of that reform. The real harbingers of that reform was the unleash of the pent up entrepreneurial spirit, the changing of the economic production mode, from joint ownership to individual ownership. Tax reforms came later on, almost 10 years after the reform. Hell up til the 90s, Chinese tax codes were in a mess, even India had a more developed tax code, Chinese reform merely upgraded the tax code to a more internationally accepted standard.




You are assuming, but the reality is different, India have had private ownership like since forever. You need to understand CCP destroyed private production after 1949. However poor they were in economic management, one thing they did well at least prior to 1967 was investment in social programs. This dividend proved immensely useful when China began the reform in the 80s. The real bottleneck to Indian growth was the government, in China, the growth was due to the government. The real disparity is in competency levels, China is result driven, India talks. No point telling me about PEE PEE PEE, that metrics is bullshit, is your oil imports priced in PPP? Unless India is an isolated country in Mars, it is meaningless.



Wtf is liquidity chain, stop using the word liquidity, use the word credit. India will revert back to that mode once oil prices rise. The only reason these past 3 years was a bonanza was due to oil price not becoz your government suddenly became competent. Remember the rupee was 45:1 and the rupee is still in the 65:1 range today. It has never recovered, only growth had been good due to oil price. India is still a country dependent on Monsoon rains for god's sake. GST will not make you the next China, investment in social programs, infrastructure and TOILETS will change India.

Once one’s arguments include PPP, he/she fails the discussion

Hope they one day use non-ppp oil to drive their economy.

oops, you know their electronic products are more expensive than in developed countries and East Asia-ASEAN?

 

[Han Patriot]

Once one’s arguments include PPP, he/she fails the discussion

Hope they one day use non-ppp oil to drive their economy.

oops, you know their electronic products are more expensive than in developed countries and East Asia-ASEAN?

Of course, these Indians flock to Singapore in droves to buy TVs. You will see them packing 50" TVs and trying to get it onto the plane everytime.

 

[AndrewJin]

Of course, these Indians flock to Singapore in droves to buy TVs. You will see them packing 50" TVs and trying to get it onto the plane everytime.

But how do Singaporans exchange received PPP to the real currency?

 

[Han Patriot]

But how do Singaporans exchange received PPP to the real currency?

LOL, that's the point TVs are not priced in PEE PEE PEE dollars, they are priced based on a global price and it happens to be more expensive in India due to protectionist tariffs.

Almost all commodities are priced based on global prices, not PEE PEE PEE dollars.

 

[AndrewJin]

LOL, that's the point TVs are not priced in PEE PEE PEE dollars, they are priced based on a global price and it happens to be more expensive in India due to protectionist tariffs.

Almost all commodities are priced based on global prices, not PEE PEE PEE dollars.

Except for locally produced food and things like that.
Even on that point, they consume very little food on the per capita level,
Where is the PPP magic then?
They can't even get enough PPP-related food......
Things like protein intake, cal intake......OMG, no matter real PPP products like food, and non-PPP products like smart phones and computers, they simply just consume very little!
Things are just so mysterious there!

 

[Han Patriot]

Except for locally produced food and things like that.
Even on that point, they consume very little food on the per capita level,
Where is the PPP magic then?
They can't even get enough PPP-related food......
Things like protein intake, cal intake......OMG, no matter real PPP products like food, and non-PPP products like smart phones and computers, they simply just consume very little!
Things are just so mysterious there!

In PPP terms, we are already richer than US. But is this the truth? Nowadays, Modi like to use Mumbai stats.

 

[Dungeness]

Because we have purchase power and we buy our products unlike china who can not buy anything having quality and cost.

If not for people like you, I would have had a more positive outlook on India's future. Posting a stupid comment like this, you are making Indians in general look uneducated or uninformed.

By the way, 2017 is coming to end, where is your "132.8 exaflops super-supercomputer"?

India will have 'super-supercomputer' by 2017
https://timesofindia.indiatimes.com...upercomputer-by-2017/articleshow/19450713.cms

 

[MULUBJA]

Another brilliant excuse from Indians.

Indians are always brilliant do not you know that?

If not for people like you, I would have had a more positive outlook on India's future. Posting a stupid comment like this, you are making Indians in general look uneducated or uninformed.

By the way, 2017 is coming to end, where is your "132.8 exaflops super-supercomputer"?

India will have 'super-supercomputer' by 2017
https://timesofindia.indiatimes.com...upercomputer-by-2017/articleshow/19450713.cms

Its between 2017 to 2020. Read the article. I do not know how would you react when we will get it. I expect a similar whine like we reached to Mars or we launched 104 satellite.

 

[randomradio]

Once one’s arguments include PPP, he/she fails the discussion

Hope they one day use non-ppp oil to drive their economy.

oops, you know their electronic products are more expensive than in developed countries and East Asia-ASEAN?

Of course, these Indians flock to Singapore in droves to buy TVs. You will see them packing 50" TVs and trying to get it onto the plane everytime.

Current Account is not affected by PPP, but the rest of the Indian economy is affected by PPP. This is all common sense. India's CA is -1.5% which means 98.5% of the GDP is affected by PPP calculations. All the imported TVs, oil etc is only 1.5% of the GDP.

You lot forget that India's main source of GDP numbers is from domestic consumption and services.

Look at the numbers.
https://www.numbeo.com/cost-of-livi...ia&city1=Mumbai&country2=China&city2=Shanghai

 

[faithfulguy]

We now manufacture fighter aircraft, submarines and satellite launch rockets.

You really think a tunnel boring machine surpasses all of the above? High IQ Chinese indeed.

Yes, because all 3 inventions you described was invented before a modern tunnel boring machine.

 

[rott]

132.8 exaflops will be translated to another number by vedic PPP method.

I rather laugh and enjoy their posts than to reply to their stupidity.

 

[randomradio]

Yes, because all 3 inventions you described was invented before a modern tunnel boring machine.

You mean satellites were launched into space before 1845?

 

[Nilgiri]

Wtf is liquidity chain

LOL. OK so you dont know basic stuff and want to discuss seriously. Funny. This is the problem when you can only google/baidou to try keep up. Do you know what liquidity is? What a chain is? Put those together. "Credit" is just one type of it....wonder if you can list any others?

But there are some good stuff you mention in your post I have to say....problem is most people don't know how to sift and filter through it esp CPC'ers who want simple black and white verdict.

Then you simply go into repeat mode anyway thinking thats adding to any of your "argument".

Then these droners who got their behinds handed to them before on like the basic of basic things regarding PPP:

https://defence.pk/pdf/threads/india-and-china-a-gdp-comparison.455611/page-4#post-8812120

keep spouting their same one-line groupthink over here as though nothing happened. Like this one:

Once one’s arguments include PPP, he/she fails the discussion

LOL. Just read your failure in that first thread Mr. Jin. You fled and never returned for a reason. If you want round two argument on PPP, please prepare something more than one-liners and dont run away this time when things get deep. You inherently understand next to 0 about it past what you could grab from a simple cherry picked surface scratch to suit whatever position you already had.

Honestly I don't know which is funnier. Anyways my points were geared towards the neutrals that may come across this thread, you can now go back to your same ol scheduled programming now.

In PPP terms, we are already richer than US.

"Richer" implies per capita, cmon you should know better than that.

Why is is strange that total physical consumption of China finally reaches/surpasses a level of population 4+ times less given the relevant historical heritage?

Century of humiliation (and then more self inflicted pain for a while after) was an aberration in history, the rebound is of course going to be inevitable.