How many years will it take for China to add another India's nominal GDP? 3, 4 or 5?

[Nilgiri]

excessive amount of unskilled, illiterate and uncivilized people is cancerous to the mankind```your demographic 'dividend' is no more than your 'India shining' and 'IT superpower' delusion

in fact your bottom-low quality population is a curse to your country

We don't care to convince trolls like you otherwise...since you probably have a miserable existence in reality.

I will post this for people's who's opinions matter:

ITI boom: 8 institutes being set up every day since 5 months | education$top | Hindustan Times

ITI boom: 8 institutes being set up every day since 5 months

The demand for Industrial Training Institutes (ITIs) in the country is scaling unprecedented highs with skill development becoming a buzzword under the ruling Bharatiya Janata Party-led NDA government.

“Several reasons have contributed towards this ITI boom. Besides the governmental push and underscoring skill development as a priority sector, we have implemented a movement from the manual to a simplified online system. It is much easier than ever to start an ITI,” said a top government official familiar with the development.

According to government figures, on an average about eight new ITIs—lead institutes for acquiring and developing vocational skills—are being set up across India every day for the last five months. From April 1 to August 30, 1,133 ITIs have been set up and the corresponding additional increase in seating capacity has been by 1,71,392.

“There is a rush among corporates to set up ITIs as part of their CSR effort. Also, there is an increasing demand for skill acquisition and we are expanding into new geographies and areas where there was no such facility before. Moreover, the number of skills is multiplying by getting subdivided into specialties. For example, a skill like welding has about 12 variants now,” the official added.

The top states with the biggest number of ITI are Uttar Pradesh (2,185), Rajasthan (1,769), Karnataka (1,481), Madhya Pradesh (886), Bihar (873), Maharashtra (863) and Tamil Nadu (722).

The official, however, sounded a note of caution over the mushrooming of these institutes.

“With the mushrooming of ITIs, there are quality and regulatory issues too which we are trying to address in an urgent manner. We are trying to devise a ranking system for the ITIs across the country. This system will be up in about a month or so,” the official added.

Operated by both the government and the private sector, ITIs are vocational training organisations that provide post-school technical training. Normally, a Class 10 certificate is the minimum eligibility for admission to ITIs.

At present, there are 13,105 ITIs which cater to about 18,65,629 students at any given point of time. While 2,293 are government-run, 10,812 are operated by the private sector.

Interestingly, the demand for ITIs is rising in the face of plummeting demand for engineering courses in the country with a whopping 13.3 lakh seats in engineering colleges—including both government and private institutes and comprising IITs, NITs, and renowned engineering colleges—going vacant in the last three years.

HT had reported that the government is actively considering utilisation of capacities in such engineering institutes by introducing skill development and entrepreneurial courses so that skill development capacity is enhanced with minimum investment and optimal utilisation of resources.

 

[Great Sachin]

more time than India add another Pakistan gdp

 

[Dungeness]

Let's see. Give it a year. Next year by this time, the arrogance in your tone would be suitably toned down and you would be back to "China is a developing country" speel, I assure you.

Come on, China has never claimed to be a Superpower, either in 2012 or in 2030. China has always claimed to be a developing country, and we do not really have to wait to "next year by this time" to claim that. We are just a humble nation. By the way, people usually do not associate "arrogance" with Chinese people.

 

[CAPRICORN-88]

I dont see Indian babies dying from it. Just how much melamine did the Chinese put in their's? Spoonfuls?



China had a similar growth trajectory in the early 2000s did it not? We are around there and it will only accelerate in the coming years. We are just starting the real take-off phase, have a look at the IMF or WB projections and the global competitiveness report.

We probably are not going to do the same infrastructure and real estate bubble and other investment bubbles that China seems to have gotten an unhealthy taste for (to the detriment of its long term economic stability)...we are fine growing at 7%+ (real GDP growth) and increase as the market situation improves globally and domestically. Better organic growth (and probably higher than the conservative estimates out there now) with fewer bubbles, lets see where the situation stands in 2020.

The 94 billion addition figure is mostly because of the slip some years back around 2011/12 in Nominal terms and nominal momentum but India is adding in the 200 billion mark range right now and it will soon hit 300 billion and more yearly.

Its the rate of growth that matters since we have a smaller base....the real consolidation and catch up in terms of ratio will happen in the 2020 - 2030 period anyway and beyond.

These Will Be the World's 20 Largest Economies in 2030 - Bloomberg Business

I mean right now in nominal USD terms, China is 5 times India. By 2030 this ratio will drop to 3.4 times and it will drop further by 2050 to about 1.7 times according to some projections:

A generation from now, most of the world’s GDP will come from Asia - Quartz

So even sticking to just Nominal GDP, what is the big issue in playing catch up? If you want to be racist and bigoted and say it is impossible for India because blah blah blah....fine keep saying that. That is ironic given the same things were being said to China for many years and now you have let that same sort of insecurity and paranoia get to your head as well.

Honestly you Chinese seem to take your status way too seriously given you are all still ridiculed world wide with the "made in china" "low quality" moniker....it is pretty ridiculous and desperate. Stop projecting your insecurity onto others. We have our goals and objectives, you have yours....and lets hope for both to succeed peacefully. Where is the wrong in saying that?



So an example was made of him/them under public pressure. Thanks for clearing that up. I did not know.

Anyways lets agree the better comparison was indeed the Xinjiang knife attack in Kunming to the hate crimes in India.

Unless India achieved double digit growth for the next 30 years and the rest of the world standstill, seriously I do not see that happening.

 

[TaiShang]

The funny thing about this is while China own FDA completely BANNED the product as if affected Chinese babies, other countries including India continue to use melamine in their milk and the joke is that they are all not originated from China. Melamine is added in to confuse and raise the protein content.

Thank you for providing free education to the Indian. But you won't possibly go nowhere as it will become a circular debate, just like Indian style government.

Come on, China has never claimed to be a Superpower, either in 2012 or in 2030. China has always claimed to be a developing country, and we do not really have to wait to "next year by this time" to claim that. We are just a humble nation. By the way, people usually do not associate "arrogance" with Chinese people.

China is a developing nation, period. We recognize the developed nations, their productivity, high-value industries and life standard.

China learned a lot from the likes of Singapore, Korea and Japan. These countries still represents the standards the China desired to achieve.

Just as Chinese know where their countries stand, they also know what a sub-Saharan-level country such as India stands.

What is surprising is Indian delusion and PPPed bragging.

When you expose them to statistical facts, then they will slowly (cunningly, as they may think) derail the topic. Hence, milk issue, eating rats, and Xinjiang.

Indian debate ethics is no more developed than its political governance.

 

[CAPRICORN-88]

I dont see Indian babies dying from it. Just how much melamine did the Chinese put in their's? Spoonfuls?

Simple. How many Indians can afford to drink formulae milk! Hahaha

 

[Jacob Martin]

The part in bold italicised is your argument and just shows your ignorance or downright lying on the matter.As I have pointed out a couple of posts above,PPP is useless even for spending within the country as soon as you move out of the very basic demands of food etc. and goes for a middle class lifestyle at similar quality levels.Unless you want o ignore the quality factor which of course you are so anxious to.

Your argument is simplistic. "Food etc." is much larger than you think. It also includes the cost of leasing/buying property, cost of public transportation, entertainment, medicines and healthcare, etc. More than 3/4 of all expenditure for any middle class family is in these things, and not on iPhones. You don't know what you are talking about, quite frankly.

What you simply can't get is-spending inside a country doesn't magically lower your costs.You seem to be under the mistaken assumption that anything that costs an arm and a leg in the international market will magically have it's price reduced to a third or less because of PPP.

Considering you have very little clue about what you yourself are talking about, I think you should refrain from trying to paraphrase my words. Show me where I wrote that anything that costs an arm and a leg in the international market will magically have it's price reduced to a third or less because of PPP? Obviously, the amount of imported goods, raw material imports, etc., will play their due role in input costs and PPP is adjusted accordingly. The final PPP figure takes that into account. So what's your grouse again?

 

[GS Zhou]

India is always proud of its "consumption driven" economy. But I really don't know what the Indian people really consume!!

Just take food as a simple example:
- meat: the meat consumption per capita of India is only 7% of China! (4.11 kg vs. 59.6 kg)
- vegetable: vegetable consumption per capita of India is only 24% of China! (84.7 kg vs 348 kg)
If vegetarian could been used as the excuse of low meat consumption, how to explain low vegetable consumption? What are the vegetarian Indian really eating? grass?

What is funnier is that, Indian people even have a higher Engel's Coefficient (defined as the % of food spending vs. total spending) than China!

Lets considering the following facts: Indian almost eat nothing (according to the Chinese standard); and PPP effect (some Indian friend on this forum mentions this again and again) would result in a lower food price in India! So, ultra-low food consumption times cheap food means Indian people theoretically should only spend a tiny amount of money on their daily meals. But even this tiny amount of money still means a burden to Indian! How could they consume the other stuff???

 

[EAsian]

India is always proud of its "consumption driven" economy. But I really don't know what the Indian people really consume!!

Just take food as a simple example:
- meat: the meat consumption per capita of India is only 7% of China! (4.11 kg vs. 59.6 kg)
- vegetable: vegetable consumption per capita of India is only 24% of China! (84.7 kg vs 348 kg)
If vegetarian could been used as the excuse of low meat consumption, how to explain low vegetable consumption? What are the vegetarian Indian really eating? grass?

What is funnier is that, Indian people even have a higher Engel's Coefficient (defined as the % of food spending vs. total spending) than China!

Lets considering the following facts: Indian almost eat nothing (according to the Chinese standard); and PPP effect (some Indian friend on this forum mentions this again and again) would result in a lower food price in India! So, ultra-low food consumption times cheap food means Indian people theoretically should only spend a tiny amount of money on their daily meals. But even this tiny amount of money still means a burden to Indian! How could they consume the other stuff???

It's just a western lip service.A country that is comsumption driven is equal to a country that can't produce things that foreigner need/want to buy.

 

[Nilgiri]

India is always proud of its "consumption driven" economy. But I really don't know what the Indian people really consume!!

Just take food as a simple example:
- meat: the meat consumption per capita of India is only 7% of China! (4.11 kg vs. 59.6 kg)
- vegetable: vegetable consumption per capita of India is only 24% of China! (84.7 kg vs 348 kg)
If vegetarian could been used as the excuse of low meat consumption, how to explain low vegetable consumption? What are the vegetarian Indian really eating? grass?

What is funnier is that, Indian people even have a higher Engel's Coefficient (defined as the % of food spending vs. total spending) than China!

Lets considering the following facts: Indian almost eat nothing (according to the Chinese standard); and PPP effect (some Indian friend on this forum mentions this again and again) would result in a lower food price in India! So, ultra-low food consumption times cheap food means Indian people theoretically should only spend a tiny amount of money on their daily meals. But even this tiny amount of money still means a burden to Indian! How could they consume the other stuff???

Vegetable weight means little if you dont look at what type of vegetables we are talking about. The Chinese probably consume lots of water-based lettuce type vegetables that add to the weight but not that much to overall nutrition profile.

For example lets look at the world vegetable consumption per capita:

HelgiLibrary - Vegetable Consumption Per Capita in the World

The figures are indeed 348 kg for China versus India at 84.7 kg.

But have you looked at some other countries too?

Australia: 96 kg

Bangladesh: 26 kg

Brazil: 54 kg

Canada: 114 kg

France: 104 kg

Germany: 94 kg

Indonesia: 43 kg

Norway: 77 kg

South Korea: 222 kg (Also similar to China - similar composition of types of veggies I guess).

UK: 94 kg.

As for meat, a better measure is protein intake:

Daily Protein Intake Per Capita

India consumes about 56g/day/person similar to Indonesia and Philippines and also India's neighbours.

Here are the recommended protein intake amounts:

Daily Protein Requirements: Are You Getting Enough?

We don't need an excessively high protein diet, it can actually be quite harmful...to our bodies and also for the environment....especially if its excessive red meat consumption/production.

Lets considering the following facts: Indian almost eat nothing (according to the Chinese standard);

Wrong.

would result in a lower food price in India! So, ultra-low food consumption times cheap food means Indian people theoretically should only spend a tiny amount of money on their daily meals. But even this tiny amount of money still means a burden to Indian! How could they consume the other stuff???

You have completely misunderstood Indian consumption patterns and have a skewed narrative.

I mean can you explain why Russia, Egypt and Belarus spend more on their food %wise than India even though they are more developed? Same goes for Saudi Arabia and Hungary compared to China.

Between India and China, the Food spending % is close ...around 26% to 22% respectively.

Also notice that the week spending per person for China is 9 dollars and for India its 5 dollars. Not something to the factor of 10 times like some trolls here are suggesting.

Here is the macronutrient profile worldwide:

Global Nutrition Consumption and BMI

 

[GS Zhou]

The reason that the developed country has a lower vegetable consumption is that it has a close to 100kg meat consumption per capita! 20times of yours!

The funniest news I heard this week is that people from a country with a lower age expectancy saying the diet of another country with higher life expectancy is UNHEALTHY!

Regarding the consumption per capita, the 2013 China figure is RMB 13,220, or USD 41 per week. It makes sense that it climbs to about 50 dollar in 2015, exactly 10 times of India!

 

[Nilgiri]

The reason that the developed country has a lower vegetable consumption is that it has a close to 100kg meat consumption per capita! 20times of yours!

Not reflected in the macronutrient profile in any meaningful way. Protein intake per person in India is satisfactory and the FAO has put the food calorie supply at more than 105% for India per capita.

We also make up the difference in things like milk:

HelgiLibrary - Milk Consumption Per Capita in the World

India: 53.7 kg

China: 29.7 kg

Pulse consumption:

HelgiLibrary - Pulse Consumption Per Capita in the World

India: 14kg

China: 9kg

Various peas and lentils:

Peas Consumption by Country

and things like Paneer which seem to not have any readily accessible figures.

Plus vegetables are not 1 to 1 equivalent. 1 kg of chinese lettuce is not equivalent to 1 kg of Eggplant or Tomato or Okra nutritionally. It is quite literally trying to compare apples and oranges.

The funniest news I heard this week is that people from a country with a lower age expectancy saying the diet of another country with higher life expectancy is UNHEALTHY!

You are welcome to search the facts out for yourself. Indian life expectancy has little to do with diets and hunger and more to do with health and sanitation....both of which are improving every year.

It is well known that heart diseases, colon cancer, diabetes and other forms of overconsumption diseases are taking an increasing toll on western health. So India must be wary of these problems and seek to focus on a more healthy balanced nutrition profile like that found in Japan compared to say the US....and one that is suitable for our environment and conditions.....rather than directly replicating western food consumption patters and having things like this result:

As Obesity Rises, Chinese Kids Are Almost as Fat as Americans - China Real Time Report - WSJ

Chinese kids are more obese than their South Korean and Japanese counterparts....even though those countries are way more rich than China. You may soon be approaching US levels even.

Regarding the consumption per capita, the 2013 China figure is RMB 13,220, or USD 41 per week. It makes sense that it climbs to about 50 dollar in 2015, exactly 10 times of India!

Where is your source for this. I could only find the Economist data and this site:

How big per capita food expenditures in your country? - knoema.com

Both which state Chinese food consumption per capita is roughly double that of India in US dollar terms.

 

[Nilgiri]

Found some figures:

Chinese grocery market hits $1tn

2016 grocery market size:

China: 1.5 trillion USD

India: 566 billion USD

When you factor in the differing price levels (factor of 0.3 for India and 0.6 for China where 1 is US - according to World Bank estimates from 2011 ICP data)...effectively Indian market doubles again w.r.t China...so I fail to see where this figure of 10 times is coming from you. At best its about 3 times in pure nominal value (which is quite meaningless for domestic consumption comparison anyway).

Household consumption is roughly double India as well:

Household final consumption expenditure per capita (constant 2005 US$) | Data | Table

(agreeing quite well with the food market data)

 

[Nilgiri]

Dont know what the definition of clothing was used or what source that is from....but here are some figures on full apparel market size:

http://www.citiindia.com/pdf/Harminder Sahni.pdf

Again ratio of consumption is nowhere near 10 times even in nominal comparison.

 

[Storm Force]

INDIA is way BEHIND china WE GET THIS

BUT generally its around the 7th largest GDP & fASTEST GROWING gdp on the planet

ITS DOING MORE THAN OK THEN THE REST OF THE WORLD 100 NATIONS ETC