How far is India behind China

[jatt+gutts]

Even it is maybe more important but because no one could ever be able to calculate it. it is BS.

with dollar 2 you cant have a cup of cofee in USA but in india dollar two means 95 rupees. with that much we can afford a large pizza.

 

[Chinese-Dragon]

with dollar 2 you cant have a cup of cofee in USA but in india dollar two means 95 rupees. with that much we can afford a large pizza.

Just because your things are cheaper, does not make you richer.

That's why we use nominal GDP when comparing economies.

 

[oct605032048]

with dollar 2 you cant have a cup of cofee in USA but in india dollar two means 95 rupees. with that much we can afford a large pizza.

With 0.90$ I can have my hair cut at home. But in the US that would cost me $30.

The nominal GDP of China is roughly 50% of US. Dose that mean China's PPP is 15 times of US?

 

[EAsian]

with dollar 2 you cant have a cup of cofee in USA but in india dollar two means 95 rupees. with that much we can afford a large pizza.

But you may got sick for drinking indian coffee.

 

[jatt+gutts]

Just because your things are cheaper, does not make you richer.

That's why we use nominal GDP when comparing economies.

nominal gdp ist important. PURCHASING POWER IS MORE important. if we can buy more means we a re richer. paper money is irelevant.

---------- Post added at 07:29 AM ---------- Previous post was at 07:28 AM ----------

But you may got sick for drinking indian coffee.

no chinese wont. you aint get sick eating worms and cockroaches. lol

 

[Chinese-Dragon]

nominal gdp ist important. PURCHASING POWER IS MORE important. if we can buy more means we a re richer. paper money is irelevant.

If you want to talk about individual living standards, you use GDP per capita (PPP).

However, if you want to COMPARE different economies, then you use nominal.

"The IMF considers that GDP in purchase-power-parity (PPP) terms is not the most appropriate measure for comparing the relative size of countries to the global economy, because PPP price levels are influenced by non-traded services, which are more relevant domestically than globally," the IMF said.

CNN.com

 

[oct605032048]

Purchasing power is nothing but some economic concept.

In practice, it is different in every industry in every place at every time point. There is no perfect way to measure that. So cut your crap.

 

[EAsian]

Nobody cares ppp crap，that's sad but ture.

 

[jatt+gutts]

If you want to talk about individual living standards, you use GDP per capita (PPP).

However, if you want to COMPARE different economies, then you use nominal.



Will the 'Age of America' end in 2016? - CNN.com

alright buddy then nominal growth rate now a days for india is 21 %. even then we will cath you up sooner than you expect us to.

 

[Chinese-Dragon]

alright buddy then nominal growth rate now a days for india is 21 %. even then we will cath you up sooner than you expect us to.

Again:

1990 - China GDP : India GDP - 1 : 1
2000 - China GDP : India GDP - 2 : 1
2010 - China GDP : India GDP - 4 : 1

You're not catching up at all, you are falling behind very quickly.

And your vaunted nominal growth is mostly inflation. For India's REAL GDP growth, the latest figures show 6.9%.

 

[ChinaToday]

Again:

1990 - China GDP : India GDP - 1 : 1
2000 - China GDP : India GDP - 2 : 1
2010 - China GDP : India GDP - 4 : 1

You're not catching up at all, you are falling behind very quickly.

And your vaunted nominal growth is mostly inflation. For India's REAL GDP growth, the latest figures show 6.9%.

just ignor him buddy he is another clueless indian.

 

[EAsian]

alright buddy then nominal growth rate now a days for india is 21 %. even then we will cath you up sooner than you expect us to.

ahhh，still slower than us.

 

[jatt+gutts]

Again:

1990 - China GDP : India GDP - 1 : 1
2000 - China GDP : India GDP - 2 : 1
2010 - China GDP : India GDP - 4 : 1

You're not catching up at all, you are falling behind very quickly.

And your vaunted nominal growth is mostly inflation. For India's REAL GDP growth, the latest figures show 6.9%.

first make up your mind you wanna compare real gdp or nominal gdp growth rates.

 

[oct605032048]

alright buddy then nominal growth rate now a days for india is 21 %. even then we will cath you up sooner than you expect us to.

If you have 100% inflation you'll have 100% nominal growth. But that's meaningless.

---------- Post added at 02:38 AM ---------- Previous post was at 02:38 AM ----------

first make up your mind you wanna compare real gdp or nominal gdp growth rates.

He was talking about nominal GDP.

 

[EAsian]

this is stupid.just like talking to a cow.