India pushes for $2.6 billion Iran smelter

[Arminkh]

Brother i just have had enough of these people

today 60 other of our brothers were martyred in Iraq , 200 injured . these people turned our region into this Sh!t fest .

take a look around the forum . 90% of the people are sectarian . they hate eachother .

we muslims are funny you know ? we kill each other like little flies in the air : simply cause one of us respects Ali (A.S) more and the other one respects Ummar (R.A) more .

i mean goddamit you F.tard . who gives a crap ? keep your ideas and beliefs to yourself

you might think i'm kidding , but as you know i'm religious and it really hurts me to bone when i see the situation in Iraq and elsewhere

Agree. May they rest in peace. Sad to see innocent people dying. It always gets worth before getting better. Better days will come for sure.

 

[haviZsultan]

If Iran can do well when there are sanctions are in place, I don't see why it cannot be the pre-eminent power in middle east after the sanctions are gone. It is the only Islamic country that has invested heavily in science and is modern in its outlook.

Turkey to a limit is better because it has adopted the secular model without much fuss. I respect Iran for its foreign policy and Turkey for its system of governance. Iqbal had a very positive outlook of Turkey under the leadership of Ataturk.

 

[asquare]

No its not. As i already said NOBODY USES PPP WHEN COMPARING COUNTRIES INTERNATIONALLY. ,ask even your chinese friends on here. @Chinese-Dragon ,@ChineseTiger1986 , @Shotgunner51 et al, they can tell you more about that. PPP is useless when making comparisms internationally. Except you don't trade much and are isolated/live on your own island like north korea.

Actually, every economist in the world uses PPP for international comparisons. By definition, the whole idea of PPP is to facilitate international comparisons. I work as an economist in an international organisation and you would be laughed out of the room if you insisted that nominal GDP was a better measure for international comparison. PPP denominates all output in a common commodity basket, thereby making any comparison meaningful.

Surely you don't think a country going through a hyperinflation which causes nominal GDP to double has twice as good an economy as it did before?

Favouring nominal GDP on this forum has more to do with the preoccupation with each nations 'power' and strategic reach than the economic relevance of nominal GDP. The use of nominal GDP for comparisons of how powerful each nation is does make some sense. As a measure of economic progress, nominal GDP is nearly useless.

There is a deep theory of how appropriate PPP is as a measure. If international markets were perfectly integrated we wouldn't need PPP comparisons. As a thought experiment, think of the country undergoing hyperinflation I mentioned before. In a perfectly integrated world, the 100% hyperinflation would be matched immediately by a 100% currency depreciation and the hyperinflation would have no impact on dollar denominated nominal GDP. However in the real world, there is a lag and currencies take time to adjust to inflation differentials between countries. Therefore, using nominal GDP, the country undergoing hyperinflation also appears to be going through a dollar denominated nominal GDP boom, which is misleading. This necessitates PPP comparisons. I hope this helps.

 

[Providence]

I hope iranian sanctions are removed soon, iran will become a economic super power in a few years

Lot of iranian students and professors are there in US. They are good and hard working people !

Actually, every economist in the world uses PPP for international comparisons. By definition, the whole idea of PPP is to facilitate international comparisons. I work as an economist in an international organisation and you would be laughed out of the room if you insisted that nominal GDP was a better measure for international comparison. PPP denominates all output in a common commodity basket, thereby making any comparison meaningful.

Surely you don't think a country going through a hyperinflation which causes nominal GDP to double has twice as good an economy as it did before?

Favouring nominal GDP on this forum has more to do with the preoccupation with each nations 'power' and strategic reach than the economic relevance of nominal GDP. The use of nominal GDP for comparisons of how powerful each nation is does make some sense. As a measure of economic progress, nominal GDP is nearly useless.

There is a deep theory of how appropriate PPP is as a measure. If international markets were perfectly integrated we wouldn't need PPP comparisons. As a thought experiment, think of the country undergoing hyperinflation I mentioned before. In a perfectly integrated world, the 100% hyperinflation would be matched immediately by a 100% currency depreciation and the hyperinflation would have no impact on dollar denominated nominal GDP. However in the real world, there is a lag and currencies take time to adjust to inflation differentials between countries. Therefore, using nominal GDP, the country undergoing hyperinflation also appears to be going through a dollar denominated nominal GDP boom, which is misleading. This necessitates PPP comparisons. I hope this helps.

Your posts are always an insightful learning. Thanks !

 

[pakdefender]

India was set to invest 11 billion USD in Afghanistan , when push came to shoves and situation deteriorated india backed out.

Seemingly the sanctions have been lifted but not quite

Sanctions on Iran pipeline project still there, says US - Pakistan - DAWN.COM

Iran might have the same fate as Libya had , after the sanctions and travel restrictions were lifted from Libya also

As before , India is just fishing for a partner to counter and needle Pakistan nothing more

 

[Serpentine]

India was set to invest 11 billion USD in Afghanistan , when push came to shoves and situation deteriorated india backed out.

Seemingly the sanctions have been lifted but not quite

Sanctions on Iran pipeline project still there, says US - Pakistan - DAWN.COM

Iran might have the same fate as Libya had , after the sanctions and travel restrictions were lifted from Libya also

As before , India is just fishing for a partner to counter and needle Pakistan nothing more

What's with seeing every thing through these negative glasses? You guys take everything about India just too seriously.

 

[Arminkh]

India was set to invest 11 billion USD in Afghanistan , when push came to shoves and situation deteriorated india backed out.

Seemingly the sanctions have been lifted but not quite

Sanctions on Iran pipeline project still there, says US - Pakistan - DAWN.COM

Iran might have the same fate as Libya had , after the sanctions and travel restrictions were lifted from Libya also

As before , India is just fishing for a partner to counter and needle Pakistan nothing more

The agreement has not been implemented yet thus, yes the pipeline is still sanctioned. The first county that formally has removed the sanctions is Switzerland which did it only yesterday.

When and if US approved the deal (either through congress vote or President veto) the sanctions will start to be removed.

Comparing Iran to Libya is unreasonable.

 

[Guynextdoor2]

No it won't. It wasn't one before sanctions, it wont be one after sanctions.

They have 100 BILLION DOLLARS that they don't know how to spend. If they spend it too quick it'll fuel inflation, else it'll earn no returns. Are you in that position?

What's with seeing every thing through these negative glasses? You guys take everything about India just too seriously.

It's called Butthurt and every time you see it, give them Burnol

 

[haviZsultan]

India was set to invest 11 billion USD in Afghanistan , when push came to shoves and situation deteriorated india backed out.

Seemingly the sanctions have been lifted but not quite

Sanctions on Iran pipeline project still there, says US - Pakistan - DAWN.COM

Iran might have the same fate as Libya had , after the sanctions and travel restrictions were lifted from Libya also

As before , India is just fishing for a partner to counter and needle Pakistan nothing more

Then it would make sense for us to counter that influence of India and try to build a working partnership with Iran. Instead we are too dominated by sectarianism and this makes us look at Iran very objectively. I mean I don't see what Iran has done wrong other than being shia and having an independent foreign policy.

I believe we should give them the hand of friendship. Iran was the first country to accept Pakistan's independence by the way. Yes relations were better with the shah but they sure can improve.

 

[Chinese-Dragon]

Well China is the biggest economy in the world. It was actually announced a few months back.

Favouring nominal GDP on this forum has more to do with the preoccupation with each nations 'power' and strategic reach than the economic relevance of nominal GDP. The use of nominal GDP for comparisons of how powerful each nation is does make some sense. As a measure of economic progress, nominal GDP is nearly useless.

There is some debate about this outside of China, but inside of China we don't recognize PPP as a measure of GDP.

The focus on nominal GDP is because currency matters. Much of America's economic hegemony in this world is based on the US dollar as the global reserve currency.

 

[That Guy]

They have 100 BILLION DOLLARS that they don't know how to spend. If they spend it too quick it'll fuel inflation, else it'll earn no returns. Are you in that position?



It's called Butthurt and every time you see it, give them Burnol

Me? I have a steady job, and have a normal middle class life.

Iran is a middle income economy, they're not, nor were they ever, an economic power house.

 

[Guynextdoor2]

There is some debate about this outside of China, but inside of China we don't recognize PPP as a measure of GDP.

The focus on nominal GDP is because currency matters. Much of America's economic hegemony in this world is based on the US dollar as the global reserve currency.

No, because they innovate, work hard and create products that the world wants. Spain didn't come up with Windows, India didn't found Intel and mother China didn't come up with the Black Scholes equation for pricing options. ali Baba/ Infosys etc. are new phenomenon and the yanks have been acing this game for decades.
Trying to not recognize their brilliant and innovative society is just lame.

 

[haviZsultan]

Me? I have a steady job, and have a normal middle class life.

Iran is a middle income economy, they're not, nor were they ever, an economic power house.

I think we could learn at least something from them. I mean one of the highest R&D spending in the muslim world by percentage and evidently the highest by lump sum given yearly. Then they have a solid foreign policy and also a higher gdp than Pakistan despite having a population that is about half of ours. So there are some feats of Iran that the country has achieved.

 

[Arminkh]

There is some debate about this outside of China, but inside of China we don't recognize PPP as a measure of GDP.

The focus on nominal GDP is because currency matters. Much of America's economic hegemony in this world is based on the US dollar as the global reserve currency.

I think the reason for this debate is that GDP is being used for wrong comparison by the public. And honestly, public belief is irrelevant when it come to quantitative measures like GDP.

If you want to compare countries production capacity then GDP with PPP is the way to go. You can read my comment in this thread (#28) or that of @asquare (#34) who as an economist confirmed my comment.

However, if you'd like to compare the nation's wealth or buying power, then there are other measures like their foreign reserves or income.

If you want to compare their citizens wealth or quality of life, then GDP per capital is the way to go and that's where China is still lacking compared to USA.

The fact that US Dollar is the world reserve currency has nothing to do with the size of their GDP. Yes it has increased their influence and has kept dollar value up despite massive debt that they have.

 

[That Guy]

I think we could learn at least something from them. I mean one of the highest R&D spending in the muslim world by percentage and evidently the highest by lump sum given yearly. Then they have a solid foreign policy and also a higher gdp than Pakistan despite having a population that is about half of ours. So there are some feats of Iran that the country has achieved.

Of course, I completely agree. There is plenty that Pakistan can learn from Iran, especially collaborating in different scientific fields that Iran excels at.