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

[Laozi]

You do it. Your going to call mine cherry picked. From the many I have seen I draw the conclusion there is not much to differantiate both sides of Wagah other than more beggers ands men pulling rickshaws on Indian side. Also more presence of females in public spaces is visible east of Wagah.

One can easily figure out the genuine and hand picked sponsored vlogger.

You can open a thread and there will be a flood of vlogs showing both positive and negative aspects of both the nations.

This might clear a lot of misconceptions people have since the vloggers are usually unbiased.

 

[925boy]

As I said many times there's nothing to brag about producing more wealth than countries whose populations are about 67 millions when yours is more than 1,3 billion.

The real achievements which you could brag about would be to provide the same standards of living and quality of life,education,healthcare,public safety,justice,transports,social servcies etc. the citizens of France or the UK enjoy especially when you see the challenges facing south asia and the long way they have to go. You can brag about numbers but the reality of the ground is all different!

If hte context is individuals, i completely agree.

But when the context is national, youre not so right. While each Indian is on avg poorer than average Frenchman, France as a nation is now squarely weaker than India. This has serios implications and advantages- For one, France will now take care with dealing with Indian national issues and citizens. Strong countries tend to not treat citizens of weaker countries too well...so this has group-dynamic implications,not only individualistic..

 

[SrNair]

You do it. Your going to call mine cherry picked. From the many I have seen I draw the conclusion there is not much to differantiate both sides of Wagah other than more beggers ands men pulling rickshaws on Indian side. Also more presence of females in public spaces is visible east of Wagah.

This again goes back to fudging numbers. Even if it, it is not palpable. If my salary is £50k and yours is £55k you think it's going to make any real differance in our living standards? The differances are negligible and within 3 years could flip in other direction. However Iran, Turkey indeed have tangible GDP per capita differance over Pakistan. All you have to do is see Tehran or Istanbul. Or even cross the Iranian border. But you might notice Turks or Iranians don't come here showing off their knobs in centimetres.

It is not that simple.
You know World second largest economy the PRC per capita is still less than France or Britian.
China and India has unique advantage .
And bills like CAA ,big ticket reforms and influencing global opinion everything depends on our economic might .
And average Malaysian is far better than and Indian in basic facilities.
But still their nation couldnt stand against us when we took a decision.
Things are changed a lots .
In near future all Indians will get one card and their future in India depends on that card .
Channelise all welfare programs everything to bottom level people.

 

[UKBengali]

The prediction is made by CEBR 10 years ago and it comes true exactly at the same year. CEBR also predict Bangladesh economy to reach 1 trillion dollar GDP in 2034. So look like the prediction have quite credibility although the sample is only India for this time.

https://economictimes.indiatimes.co...onomy-by-2020-report/articleshow/11268521.cms

BD has always been underestimated in economic forecasts.

 

[Indus Pakistan]

You know World second largest economy the PRC per capita is still less than France or Britian.

True. But China has the population size but also their per capita is many times greater than India's. India on the other hand is in same basket as Pakistan and Bangla with a population in poverty that frightens even Africans.

But still their nation couldnt stand against us when we took a decision.

And how is this of import? Could not stand? What diff did it make to average Malay? What succour did it provide your masses. Other than massaging few fanboys on internet such "stands" mean jack.

 

[PAKSpecialForces]

Brother mine,

I fear none can stop the Rise of India! The Overlord and Master of Asia...

Injecting rationality into discourse where entire edifice is built on fantasy...well... but then ..it is what it is.

My prime concern is Pakistan..as you have correctly outliined... we have been at the blunt end of crude tool..for too long... starting fom 79.

So we have to put up with brovadoz from even BDz these days... but kindly, note that the word Economy has entered our subconcious like never before...

We need to work for coming 30 years like there is no tomorrow...absorb the work ethics of NorthEastAsia and partner up with Germany...

If our people can fix your broken car engine which was unredeemable...and can make an automatic weapon in perfect copy... have faith in OurPeople!

We are the same as we were in 60s... only a bit more wounded than ever...

SEZs and Debt redemption... we need to work towards sustainable growth... which not just export driven but also internal growth... hence we can recycle back to education, educaiton, education...

Historically Indian has been three times in economy to ours...this is a balance we need to secure... for our survival..

Ignore the Indians and their 'data'... and all the jazz they throw..

Believe you me... wounded might we be..but Industrialism is what we can adapt faster than the rest of the lot...

Mangus

.....................What Jamaican Woodbines have you been smoking?????????............please send some my way too.................

 

[BringHarmony]

Of course one Luxembourger earns more than 100 Pakistani's but hey who cares. Pakistan can gloat over the fact that it has bigger economy then the wealthiest country on earth. So can India. Now both can masturbate over "big, big" while being fcukin starving.

Its not as much as gloating, but its the implications that matter. For example, can Luxembourger afford to have an aero-space industry? I will say never. Can Luxembourger ever afford to setup 100 billion dollar project by itself? Never. They will have to partner up with bigger --may be less wealthy in per-capita income -- countries. Most likely, India will be able to do both. Also Pakistan in due time may also do atleast one of those.

GDP measures how big your economy is.
GDP per capita measures how productive your people are.

100,000 labours may still beat 1 man with a earth mover. After all, he is just one man, earth mover or no earth mover.

But China has the population size but also their per capita is many times greater than India's.

Its roughly 2-3 times. Not exactly many times.

poverty that frightens even Africans.

Poverty while related to productivity is not truely reflected in GDP per capita. India has poors but their middle class is MASSIVE as well. There is a reason why most of the retail giants are running towards India.

There are three kinds of lies.
Lies, damned lies and statistics.

Rather there are fools, damn fools and people who don't know statistics.

By the time india becomes the 3rd or 2nd largest economy of the world, their population will be over 2 billion which will cause an apocalypse that NO ECONOMY in the world can resolve.

Sorry dear, you certainly don't know the population growth patterns. Do you?

India's population, if it grows at the rate it is will peak in 2060 at 1.7 billion. Already their total fertility rate is now hovering at 2.2 per female. That is barely replacement rate.

As I said many times there's nothing to brag about producing more wealth than countries whose populations are about 67 millions when yours is more than 1,3 billion.

I don't see bragging as much as a factual thing: With a economy of size 3 trillion dollars, India can do things which many wealthy but small economies can not simply do alone. Also, do remember, that this is in NOMINAL terms. The actual apple to apple comparison will put size of Indian economy at somewhere 11 trillion dollars. Entire europe is just double of that.

India per capita GDP rank is a lowly 130th in the world matching the low intelligence quotient (IQ) of the native Indians.

The people who have a successful space program, an active aero-space industry, have their own nuclear submarine program cannot be considered dumb, in any way you slice and dice it.

 

[Nilgiri]

I don't see bragging as much as a factual thing: With a economy of size 3 trillion dollars, India can do things which many wealthy but small economies can simply don't do alone. Also, do remember, that this is in NOMINAL terms. The actual apple to apple comparison will put size of Indian economy at somewhere 11 trillion dollars. Entire europe is just double of that.

Would like to add the wealth India has formalised by way of market capitalisation. Around 2.3 trillion USD worth actively listed, traded and leveraged daily.

This is a huge part of what keeps "gas in the tank" (when any trough appears to contrast with earlier peaks in growth trends) unlike some others in immediate region....some of which are decades away from even joining the same statistical standards and credibility needed to grow this....and simply dump in inflation to artificially grow GDP on paper so more loans can be borrowed with a junk credit rating.

While I agree any ranking is by itself not illustrating much (given large population propels aggregates), the progress in that rank from before is to be noted and commended.

I for one remember when India was totally out of top 10 nominal GDPs, now its at number 5 and time wont be long when it reaches no. 3. The day was not long before when india's market cap was barely past 100 billion USD either....and now its past 2 trillion....with just one group (Tata Group) having 160 billion USD alone.

Most of the anger/frustration at India comes from countries that now dawdle and dont know first thing about getting out of their respective ruts/denials to begin with. They thus have plenty of time and angst to critically analyse (in their predictably illiterate fashion) their betters instead....instead of putting that time to try improve their own lot.

 

[BringHarmony]

Indians IQ levels on average is certainly lower than average Pakistanis as the survey stats shows.

Do you know what IQ really measures. Its not what you think it does.

A for the per capita income India's have slightly higher.

In nominal terms, its a difference of about 600 USD on a base of 2000 for India and a base of 1350 for Pakistan. Thats no slight difference anymore.

 

[Nilgiri]

Do you know what IQ really measures. Its not what you think it does.

Don't bother with that. They don't even know the original source of the IQ number, when it was done and whether its even applicable (given the sample size and where it was taken and how its been discredited by several professionals on the subject)....so forget much more downstream arguments regarding correlation with intelligence, flynn effect etc.

If you post more recent IQ studies of Pakistanis vs Indians in any setting where an actual relevant sample study was made (like UK students), they automatically run away or get triggered. Same thing happens when you post respective socio-economic performance in 3rd party countries and settings.

 

[BringHarmony]

Would like to add the wealth India has formalised by way of market capitalisation.

The day medical services become trade-able on global markets; India will crush practically every other country in terms of sheer GDP. A specialist in India charges 10-12 USD (or even lesser) for a consultation. Same consultation in Canada will cost you 150-250 dollars, ie if you don't have a MSP. MSP just socializes and distributes this expense.

Don't bother with that. They don't even know the original source of the IQ number, when it was done and whether its even applicable (given the sample size and where it was taken and how its been discredited by several professionals on the subject)....so forget much more downstream arguments regarding correlation with intelligence, flynn effect etc.

If you post more recent IQ studies of Pakistanis vs Indians in any setting where an actual relevant sample study was made (like UK students), they automatically run away or get triggered. Same thing happens when you post respective socio-economic performance in 3rd party countries and settings.

Talking of IQ being a measure of "good functioning of brain" (or even smarts) is a bit of dishonesty.

One should replace IQ with blood pressure and brain with heart. Sure having a high blood pressure is an indication of heart trouble -- now or in future BUT the reverse is not very useful. Having a low blood pressure IS NOT a sign of a strong heart. Actually it may be quite the opposite. And lets not even talk about average blood pressure.

Yes, IQ is that much misused.

 

[Nilgiri]

The day medical services become trade-able on global markets; India will crush practically every other country in terms of sheer GDP. A specialist in India charges 10-12 USD (or even lesser) for a consultation. Same consultation in Canada will cost you 150-250 dollars.

It will be a large part of India's growth this decade. India is basically pushing access here to others markets in any trade deal/bloc negotiations its part of right now.

You have to remember lot of people here also do interact with Indian doctors and medical professionals in US and UK inevitably. The inner angst builds up even more as result.....because reality speaks big more than anything else.

 

[Proudpakistaniguy]

 

[Tauren Paladin]

It took a very long time. IMF and World Bank said India would be the 5th largest economy way back in 2016, so it took another 4 years to overtake UK and France...

Also, India grew less than $200 billion from 2018 to 2019 whereas China grew $1 trillion.

 

[waz]

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

February 18, 2020

India emerged as the world's fifth largest economy by overtaking the UK and France in 2019, says a report.

A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic policies.

"India's economy is the fifth largest in the world with a GDP of USD 2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot," it said.

The size of the UK economy is USD 2.83 trillion and that of France is USD 2.71 trillion.

The report further said that in purchasing power parity (PPP) terms, India's GDP (PPP) is USD 10.51 trillion, exceeding that of Japan and Germany. Due to India's high population, India's GDP per capita is USD 2,170 (for comparison, the US is USD 62,794).

India's real GDP growth, however, it said is expected to weaken for the third straight year from 7.5 per cent to 5 per cent.

The report observed that India's economic liberalisation began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatisation of state-owned enterprises.

"These measures have helped India accelerate economic growth," it said.

India's service sector is the fast-growing sector in the world accounting for 60 per cent of the economy and 28 per of employment, the report said, adding that manufacturing and agriculture are two other significant sectors of the economy.

The US-based World Population Review is an independent organisation without any political affiliations.

https://www.indiatoday.in/business/...overtakes-uk-france-report-1647446-2020-02-18

A US "think tank" I'll wait for more credible bodies and their data.
Also just how many people live in the UK and France? Less than India's most populace state.

As I said many times there's nothing to brag about producing more wealth than countries whose populations are about 67 millions when yours is more than 1,3 billion.

The real achievements which you could brag about would be to provide the same standards of living and quality of life,education,healthcare,public safety,justice,transports,social servcies etc. the citizens of France or the UK enjoy especially when you see the challenges facing south asia and the long way they have to go. You can brag about numbers but the reality of the ground is all different!

The obvious reality many posters here seem to ignore, but hey don't let that get in the way of mirage headline figures.