LOL According to China India's economy will be stuck at 5 Trillion in 2020!

[PakistaniandProud]

http://www.irchina.org/en/pdf/hag.pdf

Table 3: Long-Term Economic Growth Trend of the Five Countries

GDP billion US dollars 1998

Country

1998 2010 2020 1998 2010 2020

China 3850 9803 17057

India 2030 3482 5460

Japan 2940 4762 7116

Russia 948 1202 1466

USA 8000 11406 15329

India's definitely going to be a supa dupa power


Arms Force Personnel:

China 18.25 16.21 12.56 11.73

India 5.61 5.24 5.40 5.69

Japan 1.07 1.03 1.00 1.13

Russia 6.00 5.87

USA 9.99 9.31 7.33 6.91

Total 37595 55505 76796

Military resources

China (A) + (b) 10.20 8.57 9.67 7.91 9.64 7.31 10.16 7.4
India 3.97 4.14 5.01 5.96
Japan 1.50 1.84 2.38 2.34
Russia — — 6.40 5.94
USA 21.07 21.24 21.55 19.83
Five in total — — 44.98 44.23

 

[hawx]

we will all see that in 2020....btw where will pakistan's economy gonna be ? 500 billion ????

 

[Icewolf]

@hawx

Dont worry about Pakistan economy, it already is $500 billion but instead worry about Indian economy

 

[Martian2]

That can't be right. The Indian Rupee is falling like a rock.

At an exchange rate of 54.51 rupees to the U.S. dollar, India's 2011 economy is $1.4 trillion and smaller than Australia's. There is no way India will make it to $5 trillion (whether in today's dollars or in more valuable "1998 dollars").

I don't think India will make it to $2 trillion by 2020.

 

[Shinigami]

That can't be right. The Indian Rupee is falling like a rock.

At an exchange rate of 54.51 rupees to the U.S. dollar, India's 2011 economy is $1.4 trillion and smaller than Australia's. There is no way India will make it to $5 trillion (whether in today's dollars or in more valuable "1998 dollars").

I don't think India will make it to $2 trillion by 2020.

india's economy was 1.4 trillion 2 years back. now its 2 trillion


i assure you that china is in equally big pile of $****

China manufacturing PMI falls sharply - May. 31, 2012

China

World edges closer to deflationary slump as money contracts in China - Telegraph

China's Economic Slowdown Ripples Through Hong Kong Retail

 

[Martian2]

india's economy was 1.4 trillion 2 years back. now its 2 trillion

i assure you that china is in equally big pile of $****

At 54.51 rupees per dollar, India's GDP is smaller than Australia's!

In 2011 (at an average exchange rate of 46.667 Indian rupees per U.S. dollar), India's GDP was 1.676 trillion.

At the current exchange rate of 54.51 rupees per dollar:

1.676 trillion x (46.667 rupees / 54.51 rupees per dollar) = $1.437 trillion Indian GDP for 2011

After adjusting India's 2011 GDP to the current exchange rate ($1.437 trillion), it is smaller than Australia's GDP ($1.488 trillion)!

By the way, China's $7.298 trillion GDP is 5.08 times larger than India's $1.437 trillion GDP for 2011.

[Note: India's 2011 monthly average exchange rate link at Monthly Exchange Rate Average (Indian Rupee, American Dollar) 2011 - x-rates

The Indian rupee hit an all-time-low exchange rate of 54.51 rupees per dollar on Wednesday (May 16, 2012). Citation: Weak rupee to make polished diamonds costlier - The Times of India]

 

[Shinigami]

At 54.51 rupees per dollar, India's GDP is smaller than Australia's!

In 2011 (at an average exchange rate of 46.667 Indian rupees per U.S. dollar), India's GDP was 1.676 trillion.

At the current exchange rate of 54.51 rupees per dollar:

1.676 trillion x (46.667 rupees / 54.51 rupees per dollar) = $1.437 trillion Indian GDP for 2011

After adjusting India's 2011 GDP to the current exchange rate ($1.437 trillion), it is smaller than Australia's GDP ($1.488 trillion)!

By the way, China's $7.298 trillion GDP is 5.08 times larger than India's $1.437 trillion GDP for 2011.

[Note: India's 2011 monthly average exchange rate link at Monthly Exchange Rate Average (Indian Rupee, American Dollar) 2011 - x-rates

The Indian rupee hit an all-time-low exchange rate of 54.51 rupees per dollar on Wednesday (May 16, 2012). Citation: Weak rupee to make polished diamonds costlier - The Times of India]

GUYS CHECK OUT Martian2'S GDP CALCULATION THEORUM.

Typical Chinese IQ

and yes, your economy is in trouble.


Marc Faber: Chinese Government Statistics Are Fake | ValueWalk

Chinese government statistics are fake for the most part and if Chinese economy is slowing down there will be more money printing in China. the Chinese government economic figures are meaningless, because they are manipulating most of the economic data, which confirms that there is no economic growth in China this year in fact China’s production of steel, cement and electricity as well as the volume of its exports and car sales are stable or declining compared to last year, which is incompatible with the growth announced by the government he explained

http://www.bloomberg.com/news/2012-05-23/china-is-a-black-box-of-misinformation.html

GDP-ism has become the Chinese government’s strongest ideology, and as such might not be an accurate indicator of reality. In the political and economic matrix of China, rosy statistics are the strongest self-justification mechanism for authority.

 

[Martian2]

My calculations are in accordance with IMF standards. It is correct. I renormalized the average Indian currency value for 2011 to today's current exchange rate of roughly 54.51 rupees per U.S. dollar.

You have a problem with your anti-China propaganda. China's $3 trillion forex reserves are real. So are the annual $200 billion trade surpluses. China's economy is rock solid. The Chinese Yuan has fluctuated by only 1% in value this year (e.g. 6.31-6.32 yuan range per U.S. dollar).

Can't say the same for your collapsing Indian rupee.

 

[Babhan]

My calculations are in accordance with IMF standards. It is correct. I renormalized the average Indian currency value for 2011 to today's current exchange rate of roughly 54.51 rupees per U.S. dollar.

You have a problem with your anti-China propaganda. China's $3 trillion forex reserves are real. So are the annual $200 billion trade surpluses. China's economy is rock solid. The Chinese Yuan has fluctuated by only 1% in value this year (e.g. 6.31-6.32 yuan range per U.S. dollar).

Can't say the same for your collapsing Indian rupee.

Big lol at chinese education. GDP doesn't rise and fall due to fluctuation in exchange rate. Ever heard of the term "international dollar"?

I hope you still get your 50 cents

 

[itaskol]

you will see how strong india will be in 2020 in this video.

 

[Babhan]

@hawx

Dont worry about Pakistan economy, it already is $500 billion but instead worry about Indian economy

Pakistani economy is barely 200 Billion stop dreaming. If you are talking about PPP then Indian economy in 2012 is $4.5 Trillion. It will be around $10 Trillion by 2020 easily.

 

[Martian2]

Big lol at chinese education. GDP doesn't rise and fall due to fluctuation in exchange rate. Ever heard of the term "international dollar"?

I hope you still get your 50 cents

Indian GDP is calculated by taking total GDP in rupees and converting it into U.S. dollars. This is called nominal GDP. The IMF method is to take the average of 12 months of Indian Rupee exchange rates with the U.S. dollar.

However, when your Indian Rupee is falling like a rock, the IMF numbers are grossly inaccurate. It becomes necessary to recalculate the correct Indian GDP with the new market rate. Hence, my calculation is correct.

This concept is not hard to understand. When Iceland's currency collapsed, their GDP shrunk correspondingly. The same thing is happening to India.

Do you remember when the Russian Ruble collapsed and Russian nominal GDP fell by 50%? Substitute India for "Russia" and Indian Rupee for "Ruble." When economies collapse and their currency become worthless, the nominal GDP shrinks accordingly.

According to the IMF, Russian nominal GDP dropped by half between 1997 and 1999. The same thing today is happening to you guys in India.

Reference: http://en.wikipedia.org/wiki/List_o...(nominal)#IMF_estimates_between_1990_and_1999

 

[Babhan]

Indian GDP is calculated by taking total GDP in rupees and converting it into U.S. dollars. This is called nominal GDP. The IMF method is to take the average of 12 months of Indian Rupee exchange rates with the U.S. dollar.

However, when your Indian Rupee is falling like a rock, the IMF numbers are grossly inaccurate. It becomes necessary to recalculate the correct Indian GDP with the new market rate. Hence, my calculation is accurate.

You don't make the the rule chinese IMF does.

There is a reason why IMF takes average of 12 months. They cant increase and decrease GDP every time exchange rate goes up and down. Which is why they take 12 month average. Rupee is taking a hit now but it will recover.

The results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. Therefore these figures should be used with caution.

Chinese education like every other chinese product is sub standard.

 

[amoz_jc]

According to the estimates from Goldman Sacks, it believes that China is going to have a soft landing.
While the Indian here may belindnessly believe in high economic growth, they should look into inflation accompanied by economical expansion.
In the case of China, it is in a transtional period because it is already above protential GDP, as the labour particption rates is very high in China and people are already working extra hard there. Moverover, if you have studied Economoics in the University as I did, you would know that constanst high growth is not always good. It creates inflation, income gap, social unequality and many more. China also lacks social safty net to protect people who suffered in Golbelization and forigen competition. There is also structual problems that needs to be adress.

As the Goldman sachs anlyist has pointed out, half of its population is still living in rural area without much income and jobs. They could be the new source of growth for China.
Goldman Sachs | Global Economic Outlook - A View from China - 2012

The economicst magazine also agrees on the resilience of Chinese economy.
Resilient China: How strong is China

China is doing quite well in urbenlization as economicst magazine commented here.
Creating more productive jobs for people inland would be the first step.
Changing migration patterns: Welcome home | The Economist

 

[Martian2]

You don't make the the rule chinese IMF does.

There is a reason why IMF takes average of 12 months. They cant increase and decrease GDP every time exchange rate goes up and down. Which is why they take 12 month average. Rupee is taking a hit now but it will recover.

The results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. Such fluctuations may change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. Therefore these figures should be used with caution.

Chinese education like every other chinese product is sub standard.

You're kidding right?

Your Indian Rupee isn't fluctuating. It's collapsing. Do you understand the difference?

Indian students overseas are way over budget and many can't pay their bills. Indians can't take vacations in the West, because it's too expensive. Your government is trying to pass along the gas hikes to your fellow poor citizens. The Indian citizenry is out there protesting and the Indian government has decided to roll back the petrol rate hikes.

You're going to try to tell me there has been no effect on the average Indian? Are you for real? Do you bother to read Indian newspapers? I read the online version all the time. Your country is under tremendous stress.