India to grow faster than China by 2016: Goldman Sachs

[rcrmj]

inferior complexity combined with miserable and incoherent state forced them to indulge in nonsensical delusions again and again, as those no gooder junkies have to rely on wees and drugs to keep them high``and away from reality

 

[Chinese-Dragon]

It says that Indian poor are 98.9 million i.e Just 1/4 th of stated figure.

On the other hand one Chinese expert has exposed that China has 400 Million Poors which is 4 time the higher than indian number. We do not fake poorerty figure by bringing poverty line to 0.24 USD from 1.25 USD in PPP as per international standard like china did to eleminate poverty.

So you think India is richer than China?

OK.

 

[Shinigami]

inferior complexity combined with miserable and incoherent state forced them to indulge in nonsensical delusions again and again, as those no gooder junkies have to rely on wees and drugs to keep them high``and away from reality

true
fortunately, its possible to cure the chinese from these delusions

 

[Raphael]

Western press has been harping on about India's growth surpasssing China's for the last 2 decades. Forget 2016, it should have happened in 2006. So when 2016 comes to pass, I'm guessing they'll push it back to 2026 again. Even though India has:

- "Democracy Edge"
- "English Edge"
- "Fertility Edge"
- "Inclusive growth edge"
- "Institutional edge"
- "Hinduvta Edge"

it's growth fell to 5.3% in the last quarter, a dismal figure that even a mediocre technocrat like Manmohan Singh would laugh at.

 

[rcrmj]

anyone without a curry brain would workout the reality that India is nowhere near China in any field```if you visited both countries for long time, like I do, you can work out one is like a deserted Africa with many walking zombies, decorated with few lighter skin Indian who actually own the slum kingdom````but China is no different than any other civilized countries with order and development but more`

China consumes the world's most luxury goods from accessories to cars, but those slumdogs are still trying to figure out where is the next meal

all my british accountants were Indian, coz they are good at faking numbers for me, so there is no question about their faked $1.8 trillion economy, coz what i see from that slum, 1 trillion is the most they have

 

[Chinese-Dragon]

true
fortunately, its possible to cure the chinese from these delusions

Delusions?

Like this?

India to become superpower by 2012: Kalam - Economic Times

 

[rcrmj]

true
fortunately, its possible to cure the chinese from these delusions

but evidently indian's delusion cannot be cured, its sad```

 

[Shinigami]

anyone without a curry brain would workout the reality that India is nowhere near China in any field```if you visited both countries for long time, like I do, you can work out one is like a deserted Africa with many walking zombies, decorated with few lighter skin Indian who actually own the slum kingdom````but China is no different than any other civilized countries with order and development but more`

China consumes the world's most luxury goods from accessories to cars, but those slumdogs are still trying to figure out where is the next meal

all my british accountants were Indian, coz they are good at faking numbers for me, so there is no question about their faked $1.8 trillion economy, coz what i see from that slum, 1 trillion is the most they have

ladies and gentlemen
i give you...

the best of chinese IQ
(clap clap clap)

 

[rcrmj]

Delusions?

Like this?

India to become superpower by 2012: Kalam - Economic Times

you know there are indian (quite a few) actually believe in these nonsense

 

[Chinese-Dragon]

you know there are indian (quite a few) actually believe in these nonsense

That's what the Indian President Kalam said.

He's their favorite President.

 

[SarthakGanguly]

india’s economic growth is likely to overtake China from 2016 onwards, says the Goldman Sachs’ chief India economist Tushar Poddar. The investment bank forecasts India’s GDP (gross domestic produce) to grow by 6.8 percent in calendar year 2016 (compared to 6.7 percent for China), and touch 7.0 percent in 2017 (China 6.5 percent), the latest data released by the global investment bank showed.

Besides Goldman Sachs, several other investment banks such as Citigroup and Morgan Stanley have also forecast a bullish trend for India’s markets and economy in the coming months.

Goldman Sachs India says recovery for the country would be led by a range of factors including easing of liquidity and rising foreign direct investments. A fall in fiscal and current account deficits and a kick-start to structural reforms from the Narendra Modi-led government will further boost the growth.

China’s breakneck pace of growth in recent years has started to sputter due to a cooling in domestic demand and investment, besides rising costs which have all impacted manufacturing activity.

“We expect a pick-up in [India] growth led by investment demand,” Poddar said. The bank forecasts India to grow by 6.3 percent in calendar year 2015. India grew by just 4.7 percent in the twelve months to March 2014.

The economist said there was a higher likelihood of structural reforms starting in the energy, infrastructure, technology and manufacturing sectors next year, while reforms to sectors like labour and agriculture could take longer, possibly over 2-3 years. Poddar also said the balance sheets of Indian companies and banks, which showed stressed assets, were likely to improve in coming years as macro-economic conditions improve.

Poddar, like several other economists, expects India’s central bank to start cutting interest rates in the first half of 2015. He is betting for a 50 basis points cut in rates through two policy meetings. The rupee is likely to remain flat at around 63 to the dollar, he said.

Goldman Sachs India expects a strong pick up in FDI in coming years, from $27 billion in fiscal 2014 to $36 billion in fiscal 2015. Most of this investment would come from countries like China and Japan, Poddar said.

Forbes India Magazine - India to grow faster than China by 2016: Goldman Sachs

Next time YOU start a thread, we will all report you.

What business do you have starting threads and not taking part in your own threads? If you are NOT interested in the topic then why post? For our benefit? Doing us all a favor?

Thanks.

 

[Lil Mathew]

Because we were growing very fast that decade, in 2007 for example we had a real growth rate of 14.2% (check it yourself).

Unless you plan to grow that fast, there is no way you can do it in the same time frame.

India's growth right now is 4-5%. It's not even impressive for a developing country.

Note one more point.. Last decade China's real gdp growth was double digit in only 3 years..2005,06 and 07..

 

[SarthakGanguly]

Note one more point.. Last decade China's real gdp growth was double digit in only 3 years..2005,06 and 07..

Obviously. Simple Economics tells you that sustaining it is not possible.

 

[dray]

I've been hearing these predictions for years now. The World Bank even said that India would surpass China's growth rate by 2010.

Considering that China's base economy is so large, we actually add an entire India very 2 years.

India should be shooting for more than just matching China's slowing rate of growth. In order for India's base economy to reach the 2014 Chinese GDP of $10.4 trillion, you'll have to grow at double-digits for decades.

Do you want me to repeat the same facts over and over again? China story is over, it's time for you to sit on the sidelines and watch us reaching new heights!

 

[Shinigami]

Note one more point.. Last decade China's real gdp growth was double digit in only 3 years..2005,06 and 07..

doubtful if it ever reached double digit

If Chanos is right and the Chinese government is under-reporting its inflation data, its measure of economic growth would also be off-kilter. The latest government data shows the Chinese economy grew at an8.9% annual pacein the fourth quarter, only slightly weaker than the typical 9% to 10% growth rates it has seen over the last few years.

While economists are often skeptical of China's government figures, Chanos estimates those numbers are way off