India rightfully enjoys high authority in world: Dmitry Medvedev

[aladin123]

Guys if you have money and are powerfull or important you dont need anyone to tell you that you are. This is just the salesman telling the punter what he wants to hear.

I didn't say we are rich ... I think there is no much differences between labors of factories and call center employees ... and if you think service sector means only call center then you are wrong ...almost all the s/w companies with lots of branches are also there in this country and their numbers are 7 to 8 times than of those call center ...

 

[fd24]

I didn't say we are rich ... I think there is no much differences between labors of factories and call center employees ... and if you think service sector means only call center then you are wrong ...almost all the s/w companies with lots of branches are also there in this country and their numbers are 7 to 8 times than of those call center ...this is also service sector

Come on mate I think India is an important neighbour of ours but the way its worded its obvious he is gilding the lilly.

 

[Chinese-Dragon]

No what you were talking was precisely a prediction. The logic behind the prediction goes (and it's a commonly held one by Indian members here)

1) China grew at 10% for 30 years
2) China is a large populous developing country
3) India is a large populous developing country

equals the fallacious prediction of

India will grow at 10% for at least 30 years.

Also, the economic models of China and India are completely different.

China is closer to the "East Asian" model of development, i.e. strong manufacturing base, under a relatively authoritarian system of government.

Similar to what happened in Taiwan, Hong Kong, Japan and South Korea, during their development stage.

India's development model on the other hand, is completely different. They seemed to have wanted to "skip" the manufacturing stage, only to backtrack at a later date.

It will be interesting to see what happens in the future.

 

[aladin123]

No what you were talking was precisely a prediction. The logic behind the prediction goes (and it's a commonly held one by Indian members here)

1) China grew at 10% for 30 years
2) China is a large populous developing country
3) India is a large populous developing country

equals the fallacious prediction of

India will grow at 10% for at least 30 years.

ok .. then agree ...

 

[CardSharp]

India's development model on the other hand, is completely different. They seemed to have wanted to "skip" the manufacturing stage, only to backtrack at a later date.

What you would get is half-sub-Saharan Africa and half silicon valley.

 

[gubbi]

India's development model on the other hand, is completely different. They seemed to have wanted to "skip" the manufacturing stage, only to backtrack at a later date.
It will be interesting to see what happens in the future.

India's development model was based on a socialist structure with 5 year plans similar to what China had till recently. More emphasis was laid on developing the agrarian economy and small cottage industries rather than large manufacturing units - which co-incidently were under the Govt control (read PSU behemoths). Fortunately for India, it was the original vision of our late PM Rajiv Gandhi who ushered in new technologies, a new era, the results of which we see in our very own Silicon Valley in B'lore. This turn about was given greater momentum during Late PV Narasimha Rao's tenure in the early 90's with our present PM being the then finance minister.

The earlier model ensured that India's economy was not entirely plugged in with that of the rest of the world and trying to make India self-sufficient and self-reliant, hence basically Indian economy is driven by domestic consumption rather than export based, which in its own way is advantageous. Now with very recent opening up of our economy, Indian exports are growing, although more emphasis on manufacturing remains sort of wanting. All the growth that we see in India is the result of years of consensus driven policies, not the whims of a particular man or political entity. Consensus driven policies are there to stay.

As for what happens in the future, sit back and enjoy the spectacle of growth.

 

[aladin123]

Also, the economic models of China and India are completely different.

China is closer to the "East Asian" model of development, i.e. strong manufacturing base, under a relatively authoritarian system of government.

Similar to what happened in Taiwan, Hong Kong, Japan and South Korea, during their development stage.

India's development model on the other hand, is completely different. They seemed to have wanted to "skip" the manufacturing stage, only to backtrack at a later date.

It will be interesting to see what happens in the future.

India is moving towards manufacturing sectors ... after market based economic reformation in 91/92, the policy makers had no money to build infrastructures which is vital for manufacturing sector.They had taken plan to sell some state owned big big companies and build infrastructure.Unfortunately with the opposition of main political opposition-party in the Parliament they ware not able to sell those companies and country remain without infrastructure. Now they have sufficient money and they already started building and modifying roads,docs etc.They are going to spend over trilions in next 8 to 10 years in infrastructure.Already some SEZs are running ... that means india will face a rapid manufacturing growth in recent coming years .... but it will be always suppressed by it's huge service sector for next 10 years I think...later manufacturing will play most important part.Service sector is good but problem is that it requires only skilled labors and creating huge differences between poor and rich ..service sector cannot absorb unskilled labours and it's incapability for creating middle class ..... so in future manufacturing sector will rule.

 

[gubbi]

What you would get is half-sub-Saharan Africa and half silicon valley.

Lulz. That is a very short-sighted, narrow spectrum view!!

Broaden your horizons - a wee bit more.

 

[CardSharp]

Lulz. That is a very short-sighted, narrow spectrum view!!

Broaden your horizons - a wee bit more.

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.

 

[Gandhi G in da house]

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.

won't happen . As of now the income inequality remains higher in China than India inspite of your model of development .Work on that .

 

[CardSharp]

won't happen . As of now the income inequality remains higher in China than India inspite of your model of development .Work on that .

I'll get right on it.

 

[bandit]

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.

What makes you think India is not right up there with top manufacturing nations both by current position and future growth rates?

UNIDO says its in the top ten manufacturing nations of the world, as well as has strong growth rates and potential.

]India has secured a place among the world's 10 largest manufacturing countries as the share of major industrialised economies in global factory output fell significantly in the last decade, a UNIDO report said on Tuesday.

Efficient use of energy, helped by enhanced labour productivity and increase in exports of manufactured goods, helped the country secure its position among the top 10 industrial producers.

Even though the country had only 1.8 per cent share in the world manufacturing between 2000 and 2010, India occupies the 9th position among the global leading manufacturing countries.

India among world's top 10 manufacturing nations: UNIDO - Economic Times

Far cry from sub-saharan Africa yet...or you brought that in just to make it a little more dramatic?

 

[great]

What you would get is half-sub-Saharan Africa and half silicon valley.

There we go we have another idiotic economist among us. Can I too predict something on China? What you get with Chinese development under authoritarian state is forever slavery. No rights. No courts. But with few propogandists like you.

 

[fd24]

There we go we have another idiotic economist among us. Can I too predict something on China? What you get with Chinese development under authoritarian state is forever slavery. No rights. No courts. But with few propogandists like you.

Im sorry great but why cant you simply stay on the topic? No you cant predict something on China. This thread is about India

 

[Chinese-Dragon]

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.