Indian GDP Shrinks to $1.7 Trillion in 2013-14

[favabeans]

I knew you were sarcastic, but i don't want to deliberately mock our Indian friends in their section.

Truths hurt... good medicine they are.

So dispense at will.

 

[Chronos]

honestly? The Americans are so F***ing far away. Even after 30 years of relentless chasing, with a ton of sacrifices, we are still about a decade away in reaching their nominal GDP. Even then per capita is still 2 to 3 times ours, if not more.

In terms of military, any time before 2030, we are pretty much stuck in Asia, and even after 2030, it'll be a hell of a fight to get out until about mi 2040.

So at least what motivates people is look at what we have achieved in this period. Or else it'll look like we are standing still and that's pretty sad.

It's like what athletes do, train a lot, then have a little fun, then keep going. You need some sort of diversity to stay sane and motivated.

Yes, but we are low IQ Indians

so no hope for us. NO HOPES.

 

[SouthDesi]

@favabeans @ChineseTiger1986 Guys don't waste time on India, it won't take you anywhere. Growing is good, but same time it brings you whole lot of pains. So far, developed countries who had population of few millions(max 300 mil incase of USA) with well developed systems unable to sustain just with 1 or 2 recessions. Hope China can withstand in such situations, where still per capita income is just $8k and lots of people are still living with $2/day. Concentrate how to make China strong, not on India.

 

[ChineseTiger1986]

@favabeans @ChineseTiger1986 Guys don't waste time on India, it won't take you anywhere. Growing is good, but same time it brings you whole lot of pains. So far, developed countries who had few millions(max 300 mil incase of USA) with well developed systems unable to sustain just with 1 or 2 recessions. Hope China can withstand in such situations, where still per capita income is just $8k and lots of people are still living with $2/day. Concentrate how to make China strong, not on India.

Good luck on you too, while China also has a lot of work to do, and hopefully your nation can also overcome the difficulty.

 

[SouthDesi]

Good luck on you too, while China also has a lot of work to do, and hopefully your nation can also overcome the difficulty.

In My view India has reached bottom with 4% growth this year and that's as bad as it can go down. Hopefully it bounces back from here and let's see how and where it goes, only future tells. But, good-thing is forget about Central Govt, Individual states are developed/developing well where their Chief Minister is good. Other states have to recognize it at one point sooner or later and have to follow them.

 

[bolo]

Congrats to India hitting over the 1.6b non PPP GDP

 

[RiazHaq]

India's GDP was 1.7 trillion dollars in 2011 or 2010 so no 2008 is incorrect.

Secondly this news about India's GDP being 1.7 trillion , I haven't heard it from any authoritative source like a World Bank or IMF. The last numbers shown by WB and IMF ar 1.85 Trillion dollars for 2012.

Riaz Haq can be swallowed with a pinch of salt.

So you don't trust India's own CSO...Central Statistical Office?

 

[favabeans]

In My view India has reached bottom with 4% growth this year and that's as bad as it can go down...

Dear me, but remember the 'Hindu' rate of growth? I might just go back to that.

The consolation is that everybody is slowing down these days. The US will have its GDP growth revised to below 2.5% for the past year and likely will grow even less this year.

China meanwhile seems content with 7+% growth.

India, on the other hand, needs to grow at least 8% to provide enough jobs to avert a demographic disaster.

But, chalta hai, chalta hai, 'slow and steady' wins the race.

 

[favabeans]

Yes, but we are low IQ Indians

so no hope for us. NO HOPES.

IQ doesn't matter, at least not nearly as much as attitude.

That boat left years ago. China is not even in India's league anymore. How can you compete with a nation that is literally ahead of you decades in terms of infrastructure?

May I ask if there is the general consensus in India? I remember just a few years ago, India vs China was all the rage in India. Many predications were made on how soon India was to catch up to China and then surpass it.

When did the Indian public come to the realization that China might just be out of reach as a goal post?

 

[Chronos]

May I ask if there is the general consensus in India? I remember just a few years ago, India vs China was all the rage in India. Many predications were made on how soon India was to catch up to China and then surpass it.

When did the Indian public come to the realization that China might just be out of reach as a goal post?

yeah right. Apart from a few flickers of Jingoism here and there, Indians look at China with grudging respect. Indians always view Chinese with the qualities they don't have, discipline and unity, and getting their governance.

Otherwise your average Indian are not like the ones here on PDF. They have to worry about putting food on the table, educating their children.

They are more concerned with regional rivalries. Their patriotism can be stoked by a few Anti China stories.

Otherwise, Indians are contemptuous of the government and are aware that the Chinese have done better in regards to governance.

The reception varies from region to region.

That being said, Indians are very patriotic, it's just that the Indians here are even more extreme in this regard.

The average Indians are a bit more realistic in their outlook

 

[favabeans]

yeah right. Apart from a few flickers of Jingoism here and there, Indians look at China with grudging respect. Indians always view Chinese with the qualities they don't have, discipline and unity, and getting their governance.

Otherwise your average Indian are not like the ones here on PDF. They have to worry about putting food on the table, educating their children.

They are more concerned with regional rivalries. Their patriotism can be stoked by a few Anti China stories.

Otherwise, Indians are contemptuous of the government and are aware that the Chinese have done better in regards to governance.

The reception varies from region to region.

That being said, Indians are very patriotic, it's just that the Indians here are even more extreme in this regard.

The average Indians are a bit more realistic in their outlook

Interesting, so was majority of the India-vs-China rhetoric being pushed by a small elite (the English-speaking 'middle-class')? If so, how has the perception of this small elite changed regarding China? The reason I ask is that, by analyzing web results on the topic of 'India vs China', I noticed a huge drop in its popularity beginning in late 2011. Since I only tallied English search results out of India, is it safe to assume that there had been a sea change in the English-speaking elite's opinion on India's prospects vis-a-vis China?

 

[Chronos]

Interesting, so was majority of the India vs China rhetoric being pushed by a small elite (the English-speaking 'middle-class')? If so, how has the perception of this small elite changed regarding China? The reason I ask is that, by analyzing web results on the topic of 'India vs China', I noticed a huge drop in its popularity beginning in late 2011. Since I only tallied English search results out of India, is it safe to assume that there had been a sea change in the English-speaking elite's opinion on India's prospects vis-a-vis China?

Never looked into detail on this topic to be honest. My perception is that the internal economic troubles and the recent focus of foreign and Indian media on the internal social problems has shifted the focus a lot I think.

PDF is a poor venue to gauge opinions. A lot of chest thumping here.

South Asia section is pretty much trolled by every poster with an axe to grind against India.

 

[SrNair]

Dont need to excited like this.We are not in race with anyone.Indian rupee
depreciated in early years also.in 1990s.But it is also bounce back.Here is someguys that criticise and mock India that regularly defaulted and take money from IMF.Neighbours, you dont need to excited with this news.It is a waste of time.
We will move with absolute stability there is no doubt in that.We are molded in fire so we will not burn in sun.

 

[Genesis]

Never looked into detail on this topic to be honest. My perception is that the internal economic troubles and the recent focus of foreign and Indian media on the internal social problems has shifted the focus a lot I think.

PDF is a poor venue to gauge opinions. A lot of chest thumping here.

South Asia section is pretty much trolled by every poster with an axe to grind against India.

lol, welcome to our life, the entire english portion of internet is used against China. Facts don't matter here. Anything and everything will be used against us.

We have one child policy, crime against humanity, we abolish it, too much chinese, somebody should do something.

lol We can't win.

Also why I spend more and more of my time not in the english section of the internet.

 

[favabeans]

Never looked into detail on this topic to be honest. My perception is that the internal economic troubles and the recent focus of foreign and Indian media on the internal social problems has shifted the focus a lot I think.

PDF is a poor venue to gauge opinions. A lot of chest thumping here.

South Asia section is pretty much trolled by every poster with an axe to grind against India.

I forgot to mention that I utilized Google, Yahoo, and Bing searches. I knew better than using PDF as a representative sample.

However, since my searches are done in English only, my informal research may only be yielding something representative of the English speaking population in India with access to the web, which I understand to be a small elite.

This is why I asked for your opinion and confirmation, with the understanding that 'average' Indians care much less about this 'India vs China' muck.