What's new

UK slips behind India to become the world's sixth biggest economy

I don't care about GDP number. GDP is easy to be manipulated. The real big economic power must have some commodities that are competitive in international market. Producing less competitive goods that are only sold in domestic market won't strengthen a countries economic power(e.g Soviet Union). Compared to GDP number, I care more about a countries' export.

No matter how big India's GDP is, India doesn't have any product competitive in international market. We barely see anything made in India.
A decade ago almost all Indians claimed that India was far ahead of China in IT industry, but look at their position now today comparing to China's, this is how fast they developed.

 
.
A decade ago almost all Indians claimed that India was far ahead of China in IT industry, but look at their position now today comparing to China's, this is how fast they developed.

India's IT industry wasn't competitive from very beginning. Indian IT workers' job is not different than tightening screws in assembly lines. India's pharmaceutical industry follows same model.
 
.
I don't care about GDP number. GDP is easy to be manipulated. The real big economic power must have some commodities that are competitive in international market. Producing less competitive goods that are only sold in domestic market won't strengthen a countries economic power(e.g Soviet Union). Compared to GDP number, I care more about a country's export.

No matter how big India's GDP is, India doesn't have any product competitive in international market. We barely see anything made in India.
True, actually in the late Qing dynasty around 1850, GDP wise China was still the world No.1 with a very comfortable lead, but it's mainly domestically generated, when the western powers kicked open the door and forced themselves in, the whole country just collapsed.
 
.
.No matter how big India's GDP is, India doesn't have any product competitive in international market. We barely see anything made in India.
Go and see how Indian products are dominating the GCC market
A decade ago almost all Indians claimed that India was far ahead of China in IT industry, but look at their position now today comparing to China's, this is how fast they developed.

 
Last edited:
.
Go and see how Indian products are dominating the GCC market
This is from 10 years ago, do you have the latest?

微信图片_20220903215556.png
 
.
This is from 10 years ago, do you have the latest?

View attachment 875807
India's exports to the GCC have increased by 58.26 per cent to about USD 44 billion in 2021-22 against USD 27.8 billion in 2020-21

 
.
Go and see how Indian products are dominating the GCC market


India service export is really an inspiration for other Asian countries. Do you have the breakdown data about what services being exported by Indian companies ?
 
.
India's exports to the GCC have increased by 58.26 per cent to about USD 44 billion in 2021-22 against USD 27.8 billion in 2020-21

I m talking about the share, high increase can come from a very low base.
 
.
A decade ago almost all Indians claimed that India was far ahead of China in IT industry, but look at their position now today comparing to China's, this is how fast they developed.

Do you even know what the article means? It means that India’s trade deficit is rising and services exports aren’t enough to make up for it.

 
. . .
China's development gives people an illusion that every developing country with big population will become big economic power. Not true. China is an exception, not a universal case for most countries. Most developing countries, including Indian, have a development ceiling. The so-called "middle income trap" can also be explained as these countries hit their development ceilings. Most countries can never reach to developed stage.

India will hit its development ceiling in recent several years. Which means, there will be no real growth for India. All economic growths in paper are just to balance international inflations.

I'm not saying that it is easy to develope like China. I'm only saying that more and more countries will have economies bigger that England. One of the reason is that IMO England will have smaller and smaller economy. Colonialist countries like England, Germany or France get their wealth by stealing from others (slave trade, drug trade-Opium Wars, Bismarck, Hitler). As colonialist countries get weaker they have less ability to steal thus geting even weaker.

IMO middle income trap is to large extend related to colonialist countries trying to sabotage developement of good countries. As colonialist countries (eg. England, Germany, France) get weaker they will have less ability to sabotage development of other countries.

There is a very good book: "Kicking away the ladder" by Ha-Joon Chang explaining how the West is sabotaging developement of other countries.
 
. .
even the butthurt chinks and indonesian mullah knows the reality.
Foul month aside, let's Put it in the context, China grew one India in GDP last year. we are not in the same league, no one gets butthurt.

一年新增一个印度!2021年中国GDP约17.7万亿美元,净增3万亿美元​

2022-01-18 12:19:37

Growing one India a year! In 2021, China's GDP is about 17.7 trillion US dollars, with a net increase of 3 trillion US dollars
 
Last edited:
.
Foul month aside, let's Put it in the context, China grew one India in GDP last year.

一年新增一个印度!2021年中国GDP约17.7万亿美元,净增3万亿美元​

2022-01-18 12:19:37

Growing one India a year! In 2021, China's GDP is about 17.7 trillion US dollars, with a net increase of 3 trillion US dollars
No you didn’t, you added $1.4 tn. Using 2020 figures of WB and 2021 figures of CCP to tell you’ve added $3.2 tn in 1 year won’t work here.

Since when ~10 trillion yuan became $3 trillion :lol:?
1662224436475.png
 
.
Back
Top Bottom