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India's GDP has overtaken China: Manohar Parrikar

uparyupari said:
How can India pay for foreign goods in PPP you moron. Only Indian goods can be measured in PPP.

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PPP means LCA cost 26 million $, In Nominal terms it costs 100 million $. Now don't bother to reply.
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LOL. you clearly have no idea oh what PPP is use for. Educate yourself before talk about PPP.
 
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Luca1 said:
If itsIndians that has number 1 in PPP instead of Chinese, than Indians would brag about having the #1 economy. These guys just use any statistic for bragging only. But what can you expect when their gov fudge numbers to show that they are the #1 fastest growing economy.
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Fudge numbers??? :woot: Don't talk from your behind. Do you even know how the GDP is calculated? Let's educate you a little so your ignorance doesn't make you look like a fool straight out of a comic strip.....

The method of Calculating GDP is the expenditure method, which is, GDP = consumption + investment + (government spending) + (exports - imports) and the formula is GDP = C + I + G + (X-M)

Where,
  • C stands for consumption which includes personal expenditures pertaining to food, households, medical expenses, rent, etc
  • I stands for business investment as capital which includes construction of a new mine, purchase of machinery and equipment for a factory, purchase of software, expenditure on new houses, buying goods and services but investments on financial products is not included as it falls under savings
  • G stands for the total government expenditures on final goods and services which includes investment expenditure by the government, purchase of weapons for the military, and salaries of public servants
  • X stands for gross exports which includes all goods and services produced for overseas consumption
  • M stands for gross imports which includes any goods or services imported for consumption and it should be deducted to prevent from calculating foreign supply as domestic supply.
Now go do some homework and calculate India's GDP. Hint: India's GDP is over 7%.

Where PPP is concerned, its measurements consider the amount of goods and services a person can buy in a country when calculating how much a currency is worth. An individual may earn less money in one country, and have the opportunity to purchase a larger house or more food, because other prices are also cheaper in that country. Purchasing power parity allows an individual to calculate the standard of living available in different countries.

 
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Yes, India is very good at changing numbers to pretend having a high GDP. Didn't they get caught in the act recently?
 
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Luca1 said:
Is it really TOI that is misreporting? Or is it the OP that change the title of the thread? You Indians should not be so lazy and won't even open the link to see the truth. Next time, I'll just play along. You guys need to know the truth before you say anything?
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Please quote me if you have the right flags. Otherwise please don't waste my time. Thanks. :)
 
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