India rightfully enjoys high authority in world: Dmitry Medvedev

[fd24]

What great power, has ever "skipped" the industrial stage?

The British Empire and America both grew as industrial powers.

America in fact held the title of largest manufacturer for over a century.

Hi Chinise-Dragon i seem to have forgotten who has replaced America as top manufacturer can you remind me please????

 

[Chinese-Dragon]

Hi Chinise-Dragon i seem to have forgotten who has replaced America as top manufacturer can you remind me please????

Only very recently buddy.

China has become the world's top manufacturing country by output, returning the country to the position it occupied in the early 19th century and ending the US's 110-year run as the largest goods producer.

Financial Times - China noses ahead as top goods producer

 

[gubbi]

I said what you would get if you "skipped" the manufacturing stage. Didn't say India was half-sub-Saharan Africa and half silicon valley.

A little more understanding of India would've helped before making such a comment. One cannot draw parallels with sub-saharan Africa where development was virtually non-existent as opposed to a country and people who had development, albeit limited in scope.

What great power, has ever "skipped" the industrial stage?

The British Empire and America both grew as industrial powers.

America in fact held the title of largest manufacturer for over a century.

True. But India did NOT entirely skip the manufacturing part, there were PSU's - public sector units - which did indeed manufacture, and then there were licensed manufacturing behemoths like the TATAs, Birlas, Godrejs etc. However, initially emphasis was laid more on agrarian economy and cottage industries to uplift poverty. Priorities changed with time as progress became more entrenched and stable.

 

[fd24]

Only very recently buddy.



Financial Times - China noses ahead as top goods producer

Wow thanks brother i had almost forgot!

 

[gubbi]

Hi Chinise-Dragon i seem to have forgotten who has replaced America as top manufacturer can you remind me please????

You also seem to have forgotten who earns the most on all goods manufactured.

Take for example Apple's iPhone - entirely assembled in China:

Adding Up the iPhone

Apple's long-awaited white iPhone 4, which hit stores April 28, is expected to be another smash for Steve Jobs. But how much will it benefit the American economy? Though invented in the U.S., the iPhone is manufactured in China, so, ironically, iPhones sold in the U.S. add to the trade deficit with the Middle Kingdom. Yet China contributes almost nothing to the value of an iPhone; it does little more than assemble parts from elsewhere. A host of other countries, including the U.S., benefit more from producing the world's hottest gadget.

Read more: Adding Up the iPhone - TIME
WHERE THE PARTS FOR A $500 IPHONE ARE MADE
$61
JAPAN
It doesn't innovate as much as the U.S., but its tech prowess means a lot of high-end manufacturing value stays there
$7
CHINA
Often more of an assembly line for other nation's wares, work here accounts for only 3.6% of an iPhone's production cost
$48
UNSPECIFIED
$11
U.S.
While America doesn't make much of what goes into the iPhone, it's always better to innovate than to fabricate; just see Apple's profit
$30
GERMANY
$23
SOUTH KOREA
iPhone retail price $500
Parts and assembly -$179
Apple's profit
$321
Figures are rounded.
Source: Asian Development Bank Institute, 2009 stats


Read more: Adding Up the iPhone - TIME

so much for manufacturing No. 1.

 

[Chinese-Dragon]

True. But India did NOT entirely skip the manufacturing part, there were PSU's - public sector units - which did indeed manufacture, and then there were licensed manufacturing behemoths like the TATAs, Birlas, Godrejs etc. However, initially emphasis was laid more on agrarian economy and cottage industries to uplift poverty. Priorities changed with time as progress became more entrenched and stable.

Yes, India is now putting a lot more emphasis on manufacturing. Large-scale manufacturing, is one of the best ways to create jobs for a large population.

Gujarat in particular, has a very strong industrial model. The Economist even referred to Gujarat, as "India's Guangdong".

 

[gubbi]

Yes, India is now putting a lot more emphasis on manufacturing. Large-scale manufacturing, is one of the best ways to create jobs for a large population.

Gujarat in particular, has a very strong industrial model. The Economist even referred to Gujarat, as "India's Guangdong".

I would rather India put more emphasis on entrepreneurship than simple bulk manufacturing. BTW, FYI Gujarat is one state known for its entrepreneurship spirit.

 

[Chinese-Dragon]

so much for manufacturing No. 1.

Do you think the Financial Times is wrong?

China has become the world's top manufacturing country by output, returning the country to the position it occupied in the early 19th century and ending the US's 110-year run as the largest goods producer.

Financial Times - China noses ahead as top goods producer

 

[CardSharp]

So many angry Indians over the 'half-Saharan Africa and half silicon valley' line. Go take it up with Jim Rogers. He wrote it.

 

[Chinese-Dragon]

I would rather India put more emphasis on entrepreneurship than simple bulk manufacturing. BTW, FYI Gujarat is one state known for its entrepreneurship spirit.

It's good to be idealistic, but it's also good to be practical.

Developed nations have an enormous head-start in almost all areas. We try to catch up, when and where we can.

 

[Gandhi G in da house]

So angry Indians over the line half-Saharan Africa and half silicon valley. Go take it up with Jim Rogers.

More like amused at the wannabe economist .

 

[CardSharp]

More like amused at the wannabe economist .

India great. Jai Hind. India supapowa.


Now go away, ok?

 

[Chinese-Dragon]

More like amused at the wannabe economist .

Maybe you could try to counter with an actual argument?

 

[Gandhi G in da house]

Maybe you could try to counter with an actual argument?

gubbi has and i did too in one of my previous posts . Income inequality remains higher in china inspite of the manufacturing heavy model of development. .

---------- Post added at 02:35 AM ---------- Previous post was at 02:34 AM ----------

India great. Jai Hind. India supapowa.


Now go away, ok?

jeez . what happened to you ? Relax . You made a statement and i responded. No need to get frustrated .

 

[Chinese-Dragon]

gubbi has and i did too in one of my previous posts . Income inequality remains higher in china inspite of the manufacturing heavy model of development.

In 1990, our economies were of a similar size.

China's GDP in 1990 - 390,000

India's GDP in 1990 - 325,000

Today, China's economy is four times larger than India's economy, and growing faster too.

Clearly, the East Asian manufacturing-based model, has achieved much higher returns.