India looks to woo adamant China for entry into NSG: Will the new tactics work?

[terranMarine]

Now that guy says it will take a couple of decades before India will become the world's biggest economy

 

[faithfulguy]

World's largest economy?

India will get to no higher level than "middle-income" before the inevitable forces of disintegration do the job to this multi-ethnic nonsense of a "country".

Who is the one that stated that before India become incredible, It need to first become credible?

 

[Areesh]

Nothing changed on the Chinese side though.

https://twitter.com/x/status/872126105813209088

 

[faithfulguy]

Nothing changed on the Chinese side though.

https://twitter.com/x/status/872126105813209088

It's just not fair when India believe that it should be in NSG while Pakistan should not join? So unfair and Indian like.

 

[idune]

Perhaps, indians including their establishment can explain why would Russia use its strategic capital for indian interest and against its bigger interest with China?????

Specially when
1) india ditching Russian arms for western ones.
2) india agreed to provide US with base facility
3) india put condition for Russian nuclear reaction setup predicated on Russia do indian bidding to pursue China on NSG membership.
3) india aligned with US hegemonic doctrine that goes against Russian strategic and other interests
4) indian govt and indian company used Saudi bid as proxy to extract more from Russian state owned company.

list goes on.....

 

[Mista]

By 2030 we should comfortably be world's 3rd largest economy, and eventually we will be world's largest economy, it will take a few decades, but will happen.

Lol nice try.

Despite having 1.3 billion people, your economy is smaller than Tokyo metropolitan area. That alone tells you that population isn't everything and it will probably continue to matter less in the future as technology replaces more human labor. Yet you have the optimism that India will become the largest economy just because it has the largest population in the future.

 

[Eminent Mainstream Media]

Lol nice try.

Despite having 1.3 billion people, your economy is smaller than Tokyo metropolitan area. That alone tells you that population isn't everything and it will probably continue to matter less in the future as technology replaces more human labor. Yet you have the optimism that India will become the largest economy just because it has the largest population in the future.

Qatar is one of highest when It comes to per-capita GDP- almost 80000 USD Today they have problem with the availability of drinking water and food-

India already is a big economy- due to purchasing power- The price which they pay for a water melon in Tokyo is enough to feed a small Indian village-

 

[Mista]

Qatar is one of highest when It comes to per-capita GDP- almost 80000 USD Today they have problem with the availability of drinking water and food-

India already is a big economy- due to purchasing power- The price which they pay for a water melon in Tokyo is enough to feed a small Indian village-

Irrelevant to bring Qatar into the discussion when we are talking about the largest economies.

Lol the PPP argument.

 

[Eminent Mainstream Media]

Irrelevant to bring Qatar into the discussion when we are talking about the largest economies.

Lol the PPP argument.

You would Lol- I understand since its beyond your understanding that It is value which matters not the numbers- Water is wasted in rainfall rich areas while people pay for It in the desert-

In Tokyo- watermelon costs $200 for that amount- A truck full of water melon can be bought in India- A single water melon would be 1/7 to 1/5 of a dollar in India-

 

[Mista]

You would Lol- I understand since its beyond your understanding that It is value which matters not the numbers- Water is wasted in rainfall rich areas while people pay for It in the desert-

In Tokyo- watermelon costs $200 for that amount- A truck full of water melon can be bought in India- A single water melon would be 1/7 to 1/5 of a dollar in India-

Sorry but if we are talking about the size of an economy and its influence, the common metric used by the international community, be it economists, politicians or the media, is Nominal GDP.

PPP is only useful when combined with per capita to determine the standard of living.

 

[Eminent Mainstream Media]

Sorry but if we are talking about the size of an economy and its influence, the common metric used by economist, politicians and the media is Nominal GDP.

PPP is only useful when combined with per capita to determine the standard of living.

Nominal is not a true Indicator of economic capability- yes It is important when It comes to Global Trade- But the availability of resources and purchasing power cannot be ignored there also-

I doubt USSR even at Its peak- crossed 2-2.5 trillion $$ mark in Nominal terms- Even today Russia is a Global power and Its projection is only 2nd to America in spite of having lower Nominal than Hongkong, or Tokyo-

 

[ito]

Hmm.

China is an $11 trillion economy growing at 6.9%.

India is a $2 trillion economy growing at 6.1% (even with Modi's magic trick in recalculating Indian GDP growth).

China adds over $1 trillion to our GDP every year, which means we add an entire India every two years.

India has grown at 7.1%, and not 6.1%. 6.1% is the last quarter growth. Chinese should get accustomed to India growing faster than China.

 

[Shajida Khan]

Sorry but if we are talking about the size of an economy and its influence, the common metric used by economist, politicians and the media is Nominal GDP.

PPP is only useful when combined with per capita to determine the standard of living.

You need to read what IMF says about various measures of size of economy. Nominal is the most misleading one as it does not even corrects for inflation -- meaning inflation also shows up as growth in Nominal. There are more than two measures of GDP btw.

http://www.imf.org/external/pubs/ft/fandd/2007/03/basics.htm

Another fun-fact. Russian economy as measured by nominal GDP has shrunk by 40-50% or so. Guess what would have happened to their electricity consumption or production or economic power?

 

[Mista]

Nominal is not a true Indicator of economic capability- yes It is important when It comes to Global Trade- But the availability of resources and purchasing power cannot be ignored there also-

I doubt USSR even at Its peak- crossed 2-2.5 trillion $$ mark in Nominal terms- Even today Russia is a Global power and Its projection is only 2nd to America in spite of having lower Nominal than Hongkong, or Tokyo-

Russia is only strong militarily. The world can afford to sanction Russia and it has negligible effect on the world economy growth. No country goes into a recession just because the Rubles fluctuates or Russia raises interest rates.

 

[MULUBJA]

New laws for entry are drafted. Even if china is not ready, we will get entry in NSG. CHina can refuse for sometime before his refusal losses its relevance.