India's Share of the World's Poor Jumps as World Poverty Drops Sharply!

[JayAtl]

Is this the same Uncle Haq who wrote that a city in pakistan was growing faster( economic rate) than India , but did not read that the study was talking about population growth rate? The infamous Haq who has maybe a 4th grade understanding of how to read data?

 

[Azazel]

The thing is the entire Indian economy was run on debt and deficits. That Ponzi scheme could run for a few years but once the debt and deficits reached dangerous levels, the currency started to feel the pressure and started its decline from early 40's to 56 now. Global investors saw this and got worried.

Now that India has been forced to reduce its deficits to stop its currency from declining, the growth has collapsed (I believe the real GDP growth is close to 0%). That's proof that without running large deficits, India has no 'growth'. That's why despite its rosy 'growth' figures, India is still one of the largest debtor countries while China is the largest creditor nation lending money to other countries.

Come and post here when you know the difference between real growth and nominal growth you ignorant troll.

 

[JayAtl]

This just proves Indian economic numbers are a bunch of fluff. For all their 'growth' you never see Indian people becoming better off. For example, Chinese tourists are now the biggest spenders in the world. We are now the biggest market for many multinational companies. You rarely ever hear that kind of thing.

Indian GDP is all made of fluff for regime survival.

http://www.defence.pk/forums/world-...-seen-halved-fake-data-crackdown-economy.html

Heard on the Street: Lies, Damned Lies, and China's Economic Statistics - WSJ.com

Chinese Government Statistics Are Fake

China Is a Black Box of Misinformation - Bloomberg

Chinese Data Mask Depth of Slowdown

 

[Shinigami]

Ladies and gentlemen. may i present the legendary chinese IQ. as reliable as their GDP figures
:

India need a white person to affirm its growth. Its afraid of moving a inch unless the white master say it can. Was India's historical experience parallel that of African American's during slavery? Of course not. But if you compare African Americans vs Indians today, you most likely would guess that it was the Indians that were made into slaves.

The thing is the entire Indian economy was run on debt and deficits. That Ponzi scheme could run for a few years but once the debt and deficits reached dangerous levels, the currency started to feel the pressure and started its decline from early 40's to 56 now. Global investors saw this and got worried.

Now that India has been forced to reduce its deficits to stop its currency from declining, the growth has collapsed (I believe the real GDP growth is close to 0%). That's proof that without running large deficits, India has no 'growth'. That's why despite its rosy 'growth' figures, India is still one of the largest debtor countries while China is the largest creditor nation lending money to other countries.



Yup, Africans have more pride and honour freeing themselves from slavery. Can't say the same thing about Indians. Infact I would argue India can't get enough of it.

the grape is not sour, its sweet. You just need to get to it. But alas, you are not capable.



I can't wait to see how Indians would respond to your post.

Well I'm not ready to accuse India of doctored figures, until more evidence presents itself. But I do think that the Western media tried to hype a narrative about "China's rival, hot on its heels", when India's economic growth has been unremarkable for a developing country, no better than most SE Asian countries or Sub-Saharan Africa, and certainly nothing compared to China's.

 

[harpoon]

I never understood the concept of comparing India, a country to sub saharan Africa.....a continent.

 

[Koovie]

The OP is talking rubbish.... once again

PS: Oooopss sorry, already posted.

 

[Kyusuibu Honbu]

Impressive drop by the Chinese.

More can desired from India.

 

[Manindra]

I want a figure of world terrorists producing nations.

 

[soaringeagle]

Agree, it is always better to focus your energy on "how to do better".
NGOs in major cities of China has done a lot in the last decade to help out less pro-vise area of the country such as food drives, clothing/book drives, volunteer tutoring etc. It may be something for the city folks of India to consider.
We all wish our neighbor to do well in this aspect.

Impressive drop by the Chinese.

More can desired from India.

 

[Kyusuibu Honbu]

Agree, it is always better to focus your energy on "how to do better".
NGOs in major cities of China has done a lot in the last decade to help out less pro-vise area of the country such as food drives, clothing/book drives, volunteer tutoring etc. It may be something for the city folks of India to consider.
We all wish our neighbor to do well in this aspect.

I myself volunteer , but would lay greater emphasis on Indian Govt giving importance to manufacturing and agriculture sector.

 

[Infinity]

India's GDP composition, agriculture: 17%, industry: 18% and services: 65%.
China's GDP composition is agriculture: 9.7%, industry: 46.6% and services: 43.7%.
Philippine's GDP composition is agriculture: 12.4%, industry: 31.3% and services: 56.4%.
Indonesia's GDP composition is agriculture: 14.3%, industry: 46.9% and services: 38.8%.
In comparison, developed nation GDP compositions:
Japan's GDP composition is agriculture: 1.2%, industry: 27.5% and services: 71.4%
US' GDP composition is agriculture: 1.2%, industry: 19.1% and services: 79.7%
France's GDP composition is agriculture: 1.9%, industry: 18.3% and services: 79.8%

(credit: Tranquillium)


The problem lies on India's GDP composition is agriculture: 17%, industry: 18% and services: 65%. Service part of GDP doesn't employ that many people, industry segment does. The pays are lower but it employs large segment of the population.

Then from you data..............What about developed nations ...............Check their Service part

 

[xuxu1457]

Then from you data..............What about developed nations ...............Check their Service part

That means Indian potential on service is nerely over

 

[Infinity]

That means Indian potential on service is nerely over

No....................It will remain in almost same percentage with growth in gdp

 

[longyi]

Then from you data..............What about developed nations ...............Check their Service part

The developed nations, by definitions, are already developed and in such a way their poverty levels are very low. So their GDPs are proportionally rely more on service sectors rather than industrial sectors. However India, one of the most populous country in the world, is still developing and needs to create a great number of employment to satisfy her rural population. Hence a GDP composition of industry: 18% and services: 65%, a developed world number, won't satisfy her employment needs because the service sector simply does not create as many jobs as the industrial sector.

By no mean India didn't reduce her poverty level in terms of numbers in the last 3 decades though, and in fact she did. It's just that her numbers are skewed, percentage wise, because China took more 600 million out of that number pool.

On a positive note that's a good news for India since she has much more rooms to maneuver. By all indications, in recent year, India is in the process of improving her industrial sector which will create more jobs for the populace, especially the very poor.

 

[djsjs]

typical article of western style,whenever they have to say something good about China,they would never forget to mention 1989.though none of them know or want to know what really happened.what a shame!

india has a share of poor people who dont pollute the earth like chinese former poor.

agree,a lot of toilet paper saved!