India becomes world's 5th largest economy, overtakes UK, France

[N.Siddiqui]

That old man should have retired long ago. And the wooden wheel over rough ground is transferring every bump to his shoulders.

The long handle is leveraging all the shocks...nobody retires in a village till you die.

 

[KhanBaba2]

nobody retires in a village till you die.

You are making it look like he is working on his own farm for the love of it. He is working in a Brick Kiln in Rawalpindi as a labourer.

 

[ps3linux]

PakBrother mine,

Numbers. Data. Beat them to make them become lap dancers... Reality and Claims...

2019:

The Combined GDP of EuropeanUnion was about $18+Trillion

The American GDP was $21+Trillion

The Chinese GDP $14+Trillion

The biggest chunk of global innovation, consumption and production is in the CombinedWest... this also includes Japan, SouthKorea, Australia, NewZealand, Canada and Mexico.

The 2019 CombinedWestern GDP is about $32+Trillion and it is going to remain so the Biggest Chuck of Global GDP this century.

At 5% GrowthRate China will be hitting $28+Trillion by 2030.

When you look at the policies, trade framework agreements and of course, military interventions... we see the CombinedWest ...acting to keep the GAP as it is..till at least the End of the 21st Century.

If anyone can challenge the Global Domminance in terms of share in Global GDP it is China!

When we look at the Net Innovation Output in % terms we find that the CombinedWest is leagues ahead in not only MaturityCurve but overall InnovationCreation Ecosystem... the structure of their economies is, infact, driven by Innovation...

The Rest is here to make T-shirts and cheaper consumer goods for Wall-Martz of this CombinedWest to make even more money...

Do you see the Cycle of CapitalRotation and Reinvestment in the CombinedWest?

From ChinaOpening for the CombinedWest... to present day ContainChina rage of AsiaPivot, the Concert of Democracies to IndoPacificOceanRegion.... all is just about not allowing an IndependentActor which can reshape the overall DominanceMatrix of GlobalGDP...

The post WW2 FianancialArchitecture is the product of Agreement of the FinancialElite of the CombinedWest. We can call it TheEmpire for sake of simplicity.

It was the Empire which decided that Petro-Dollar will be vehicle of Wealth/DollarRecycling of the GCC and that there wouldn't be much touted/shouted Dimmocrazy in that PetroSpace... a Win-Win for everyone.

It was the same Empire which asked/told the GCC to hire workforce from India to keep it afloat...

And it is the same Empire which told the Oh I See to not mention a word about IoJK... GCC is a Component of the CombinedWest. It is what it is. Lamenting about Ummah can only lead to headaches...

From Indian perspective it calculates that to be a Component of the CombinedWest is vital for its survival and economic development.. that is THE Reason we have seen too much Anti-China rhetoric from Indian Gov and IndianMedia...

However, there is also transactional nature of things if India wishes to be a Component of the CombinedWest. So, far it has tried and to a degree succeeded in reaping benefits but not doing much what is required of it to join the Club.

Example, glaring one, is Kablusitan. India repead so much benefits in the past two decades from the War in Kabulistan... it could deploy legions of proxies from there and caused us $200+Bln in economic loss and lives of 80+k Paks... Let us NEVER forget APS.

Equally, during this time India could grow economically as well... all those ShinnyIndia, IncredibleIndia adds... with full support of Intl. MarasiMedia ...but on ground it didn't send troops to Kabulistan or did any Concerting in the Concert of Democracies...or any tangible 'activisim' in the IndoPacificOeanRegion...

The point of bringing in all these elements is to demonstrate that the 'economy' or whatnotz don't happen in isolations...and there is very little room for an IndependentActor in the present GlobalFinancialArchitecture... we can safely ignore lofty/flowery statements from the CombinedWest regarding India.

How can the CombinedWest allow another StrategicHeadache when it can barely manage China?

Now that we have created the proper context let us visit the Indian Economy.

1. How many Indian Universities are in top 100?
2. What is the total number of patents by Indian is the past 30 years and what is the trend line?
3. What is Net Contribution of Global Technical Knowledge Output by India in the past 30 years?
4. What is the share of India in Global Industrial Output?
5. What is the global share of India in Quality Infrastructure?
6. What is the HDI of India compared to top 20 economies in the world?
7. What is the per hectare yeild of India when compared to top 20 AgroProducers?
8. What is the Net Output of India in DefenceTechnologies in Operations when compared to top 10 Defence Producing States?
9. If per capita income of India is $3000 then why are there 100s of millions living in absolute poverty?
10. What is the Quality of Life Qoutient of India when compared to top 30 countries in the world?

India needs to spend/invest about $3+Trillion at the minimum in its Infrastructure if it wishes to come anywhere near the middle income country. This it needs to do when it has done complete planning of all its major cities. And this it needs to do in next ten years..when its economy is forecasted to be around $7+Trillion.

As I said.. Data. Numbers. Data.. beat them up to do LapDance...not that difficult.

However, in absolute terms we have a growing imbalance with India ecomomically. Historically, IndianEconomy had been 3Times ours... and we need to restore this balance.

Not for ego or chest thumbing..but for our survival. It is that simple.

@ps3linux and I have had good discussions.. and there is so much structural reforms that we need to do to lay the foundations of sustainable growth over the next 30 years.

Our focus needs to be at the quick wins like AgroSector where we need at least per hectare yield of 3 times for what it is now... and then there is associated production of meat and milk that goes with it.

It is our good fortune that China needs to move up the ValueChain/Ladder and move towards more ValueAdded and Consumption based growth.

CPEC SEZs afford us this great oppotunity..however, this depends much more on us than China as of now.

CPEC Phase2 IF executed with professional efficiency will lay the foundation of much needed Industrialisation in Pakistan.

Pakistan desparately needs Industrialism which is going to take us at least 30 years...

GoP clearly is benchmarking China ..and based on this we are at least 40 years behind China.

Just to give a Glaring Example of Khottaismo.. ML1 top speed is going to be 200+/-km/h? Whereas China has now world's biggest network of HSRs with continous improvment of technology.

Why cann't we think in terms of two decades? We are NOT going to have any HSR this decade...but from 2030s it will be different... so why not invest $1+Bln more on ML1 and lay the foundations of the future?

In the current form of Government in Pakistan we shall remain running left to right.. since, this makes Pak a SoftState...whereas for economic development a High Functioning State is needed.

China is one of the Highest Funcitoning States...compared to China we are not even 10%.

In economy it is The Quality that matters!

SouthKorea being a 'small' economy compared to India has 100 times more Quality in its Economy than India can achieve by 2050.

Pakistan, if we work non stop till the mid century, can become a middle income country... which must be The Strategic Goal of Pakistan!

Mangus

@Slav Defence @WebMaster @Irfan Baloch @The Eagle @Dubious @Reddington @SIPRA @StormBreaker @Sine Nomine @Indus Pakistan @Signalian @PakSword @RescueRanger @Major Sam @Horus @Shotgunner51 @Juggernaut_is_here @jamahir

Strange, very strange I mean OK india become No 5 or No 6 or No 7 economy, their industrial output has gone off chart, all the major tech companies are now headed by Indians, poverty is non existent, basic facilities like toilets are available to all along healthcare, education and infrastructure but how does it correlates to Pakistan. If a country/nation is forward looking they aim and target the next one ahead of them, I find it very strange Indians and another neighbors of their the bhangis (19th century meaning) gloat and compare themselves with Pakistan which is like looking at the self proclaimed competitor who is seven places behind.

What would people think if a Heavy Weight boxer would challenge a feather weight one?? It may be a privilege for a feather weight to challenge a heavy weight and may be even win the fight, but truly it is an insult for the heavy weight to compare or challenge a feather weight. At least I would feel like, but then again Indians may be an exception to this I don't know may be depends upon the country/nation and the collective wisdom.

Now few thoughts what is actually per capita income its GDP or GNI divided by total population of that country, does it account for concentration of wealth, does it account for disparity in income between various socio economic classes, does it account for the amount of population below poverty line, food security?
No it doesn't its just another stupid estimate, nothing more.

I find these measure mentioned above as may be very rough estimates but they in no know represent the actual facts, if I try and correlate Per capita income with the actual food security, poverty, life style of india or bhangis it will not even be close to 0.3.

Here is one data which could be correlated easily pick up the annual data analysis at **** hub for 2019, correlate Indian user/VPN rise in India/cheapest mobile data packages in India and then equate with violent sexual crimes in India, compare it with the mobile users/violent sexual crimes 15 years back and I don't mean to insult anyone this simply how meaningful correlation is established economy is a different thing.

Now if I were to correlate Pakistan GDP vs actual food security, poverty, life style with that of india the correlation will be negative.

I always ask people do they have any idea about the life style, living standard or food security about Pakistan? imagine today I have asked the concerned to report a STR (suspicious transaction report) with FMU (financial monitoring unit) because his income of RS.1.2 million per annum does not corroborate with his wealth of Rs. 80 million with additional 40 million he has placed with us. This is not an isolated case because of my profession I am privy to financials of over 30K Pakistanis from Punjab who could be termed as HNWI/UHNWI and I have yet to come across those who report their financials truly.

Our problem is not the size of our GDP or PCI (per capita income) or GNP our problem is lack of documentation, our grey economy is more than ten times of our actual economy, equate it with our reported GDP and then compare it with any regional country. Biggest proof is our living standard, central punjab is our major population hub as is Karachi. Does our living standard corroborate with our reported income/wealth. Just one plaza near zeb un nisa street has more variety and transactions that whole of liberty in Lahore. Imagine the amount of transactions all cash. We have our share of poverty but our reported income does not match with our life styles.

In central punjab businessmen would give a 5 million cheque to the supplier and the cheque has got nothing to do with any banking transaction, the supplier will comeback on decided date return the cheque and collect 5 million in cash, its just for surety nothing else, returned cheque is torn and destroyed. On almost daily basis billions of rupees are exchanged in the cotton markets of Faisalabad and yet barely few hundred thousand are reported. People have no idea how much money changes hand in the whole sales markets of Pakistan called as Aarhat mandi. Our dear friend India through FATF has provided us the framework and guidelines to improve in this area through improvement of economy documentation if we continue on this path we 'll be a different country few decades down the road.

I have deliberately not touched upon how the real GDP is not established due to under invoicing/in house transactions in exports and over invoicing/in house transactions in imports.

 

[jamahir]

SouthKorea being a 'small' economy compared to India has 100 times more Quality in its Economy than India can achieve by 2050.

Good point.

The problem in India ( or in Pakistan for that matter ) is the pretend democracy we have. That five years of one party ruling the country. If someone has a Progressive idea they need to wait for the completion of the five year term of the ruling party. Add to that a huge population among which Regressive ideas are deeply imprinted. Things like farmer suicides, student suicides and honor killings are not thought of as occurances which require immediate removal through revolutionary means.