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Congratulations. China has lots of money. US has 3 times more money than China. Russia and India are close in GDP. Canada's GDP is above India. Is there a point to all this apart from another one of the my d**k is bigger than your's syndrome?
Total revenue of Chinese major companies equal 1.89 times of India GDP
61 Chinese mainland companies and 8 Indian companies are on the list of world's 500 largest companies compiled by Fortune magazine,
The total revenue of the 61 Chinese mainland companies on the list hit US$2.89 trillion. Sinopec Group (fifth with $0.273 trillion revenue),China National Petroleum (sixth with $0.24 trillion revenue ), and State Grid (seventh with $0.226 trillion revenue) lead the Chinese companies ranking.
The indian companies have a total revenue US$ 0.3 trillion, Indian Oil cornered the highest place with 98th position within them.
Accord data from wikipedia , India GDP is $1.53 trillion in 2010.
So the total revenue of 61 Chinese mainland companies list on Fortune 500 is 1.89 times of India GDP. And there are dozens companies edge in the list, will add in the list next year.
Global 500 2011: Global 500 1-100 - FORTUNE on CNNMoney.com
or you can ask a smarter question: any of these companies are developed in a unique way different from all other western company?
the answer is yes, there is, it is called Huawei: 1) Huawei is 100% private, not listed on any stock exchange, and they have no plan to do so, 2) Huawei's boss rarely have interviews, never show up on TV, never talk in public.
this is called Chinese way of keeping low profile.
india/indians need to spend 300 years to learn this.
well india is fast becoming insecure location for investment like pakistan.2-3 more incidents on its economic hub indian economy will go down like house of cards.
First, did you guys notice that this so called India growth rate is not the real growth rate? It is converted from local currency to $ by current exchange rate. By that standard, countries that have high inflation rate and large currency appreciation within a short term tend to have a higher nominal growth rate. What is so great about that?! India has long had much higher inflation rate than China, and if China allows the exchange rate completely dictate by the market fluctuation, it is easy to register a higher nominal growth rate, but that's stupid
Fitch scales down India GDP growth estimate to 7.7%
Fitch scales down India GDP growth estimate to 7.7%