UN puts India’s GDP growth at 7.7% for 2016-17

[chandrak]

Because China's economy is undergoing transformation. We all know that there is always a high growth rate in the initial development of a backward economy. Because it is a big market space..

Although China and India are also developing countries. But the industrial structure of the two countries is quite different. China has the most complete industrial system in the world. India has the world's largest agricultural population and service population.

China needs most is the market, and India needs most is investment. Even if Chinese factory orders fell, China's industrial system was still... A simple example is that China remains the world's number one Shipbuilding and exporting countries, and the world's third largest arms exporter （This is what you call the decline of Chinese factory orders.）. As long as China maintains a strong industry, it will never be afraid of losing the market.

This and India rely on foreign capital to stimulate economic growth model, there is a fundamental difference.

I said that there is a limit producing goods( as goods are produced according to demand)..
If demands increase automatically production increases nd strengthens the chinese economy..(thats what happened in past).. but if the demand will fall vice versa is also true...(thats happening now a days).
U cant neglect it..
Also indian economy was once only agro based..
Later it was agro plus service based...
Now another transformation is going on to make it agro plus service plus manufacturing based..
So the point is chinese economy already in vein suffering from rising costs of products will only get a tough competetor in coming days which will cause its economy growth 's downfall..
Thats y i made the simple points without orders no industries exist

 

[haidian]

I said that there is a limit producing goods( as goods are produced according to demand)..
If demands increase automatically production increases nd strengthens the chinese economy..(thats what happened in past).. but if the demand will fall vice versa is also true...(thats happening now a days).
U cant neglect it..
Also indian economy was once only agro based..
Later it was agro plus service based...
Now another transformation is going on to make it agro plus service plus manufacturing based..
So the point is chinese economy already in vein suffering from rising costs of products will only get a tough competetor in coming days which will cause its economy growth 's downfall..
Thats y i made the simple points without orders no industries exist

UK, US, Germany, Japan.. all major powers got to their dominance through manufacturing and industrilization first, let's wait and see India to be the first country to get it done without manufacturing and industrilization

India's population is soon becoming the world biggest, how could India find people enough jobs without having a large manufacturing industry, that's the only industry which mass employs people.

 

[chandrak]

UK, US, Germany, Japan.. all major powers got to their dominance through manufacturing and industrilization first, let's wait and see India to be the first country to get it done without manufacturing and industrilization

India's population is soon becoming the world biggest, how could India find people enough jobs without having a large manufacturing industry, that's the only industry which mass employs people.

Read others comment carefully before commenting..
Where did i say india is going to become dominating one without industrialization?
Btw india is already in a league of dominating ones without even industrialization and if u go through my above posts its clearly mentioned there that upto yet indian economy was dependent on only agriculture and servic sector..but from now on india is entering into industrialization..and it will ultimately challenge others on behalf of its cheap labour and low production costs..

 

[haidian]

Read others comment carefully before commenting..
Where did i say india is going to become dominating one without industrialization?
Btw india is already in a league of dominating ones without even industrialization and if u go through my above posts its clearly mentioned there that upto yet indian economy was dependent on only agriculture and servic sector..but from now on india is entering into industrialization..and it will ultimately challenge others on behalf of its cheap labour and low production costs..

cheap labour and low production costs can be found everywhere around the world, the key is good infrastructure which takes time and money to achieve, until then, all talk is meaningless.

 

[TopCat]

UK, US, Germany, Japan.. all major powers got to their dominance through manufacturing and industrilization first, let's wait and see India to be the first country to get it done without manufacturing and industrilization

India's population is soon becoming the world biggest, how could India find people enough jobs without having a large manufacturing industry, that's the only industry which mass employs people.

Yap.. 52% of the Indian still live on agriculture. That tells all the story. Imagine if there were no BPO from USA.

 

[Zaahir]

Highly unlikely..Q1 GDP stands at 7.1% and Q2 at 7.3%. There is no way full year growth will touch 7.7%. Accounting for demonetization, Q3 growth will likely be between 6.5-7 % which will probably accelerate in the 4th quarter. The full fiscal growth will likely be in the range 6.7-7.0 %. The Indian government itself has forecast the current year growth at 7.1% before accountig for demonetization.

All said and done India might still be the fastest growing major economy this year too.

 

[chandrak]

cheap labour and low production costs can be found everywhere around the world, the key is good infrastructure which takes time and money to achieve, until then, all talk is meaningless.

So if cheap labour and low production costs are available everywhere then how come western countries are finding it quite hard to deal with indian and chinese products and services on price issue??
Ex usa space launch costs them 3-5 times compared to india, can u care to explain why their costs are that much higher ?? And what is cheap labour and what includes low production costs??

 

[chandrak]

Yap.. 52% of the Indian still live on agriculture. That tells all the story. Imagine if there were no BPO from USA.

And if u r imaging..just imagine what in the end of day u need ?? Bpo or machines or its the food...??the most valuable things are fresh water, air and food....rest all are after that..

 

[Śakra]

Yap.. 52% of the Indian still live on agriculture. That tells all the story. Imagine if there were no BPO from USA.

Imagine what would happen to bangladesh if Walmart didn't sell 5$ clothes.

 

[shjliu]

india can grow 10 percent in year why not

no no, make it 20%; it is just a projection anyway !

cheap labour and low production costs can be found everywhere around the world, the key is good infrastructure which takes time and money to achieve, until then, all talk is meaningless.

I don't think you should "teach" him, how should it be done!

So if cheap labour and low production costs are available everywhere then how come western countries are finding it quite hard to deal with indian and chinese products and services on price issue??
Ex usa space launch costs them 3-5 times compared to india, can u care to explain why their costs are that much higher ?? And what is cheap labour and what includes low production costs??

if you ever live in developed countries, then you will understand why the cost is higher, if India use the same precaution and insurance etc. I believe the cost will be even higher than that of developed countries for space launch.

 

[SBUS-CXK]

I said that there is a limit producing goods( as goods are produced according to demand)..
If demands increase automatically production increases nd strengthens the chinese economy..(thats what happened in past).. but if the demand will fall vice versa is also true...(thats happening now a days).
U cant neglect it..
Also indian economy was once only agro based..
Later it was agro plus service based...
Now another transformation is going on to make it agro plus service plus manufacturing based..
So the point is chinese economy already in vein suffering from rising costs of products will only get a tough competetor in coming days which will cause its economy growth 's downfall..
Thats y i made the simple points without orders no industries exist

Market demand is determined by the market, this is unpredictable. Not to be transferred by the will of man. As you say. If market demand falls, China's economy will slow down. Vice versa, if the market demand increases, China's economy will continue to maintain a healthy growth rate.

At present, China is transferring from the second industry to the third industry. India is the opposite, it is transferred from the third industry to the second industry（Or the first industry to the second industry transfer）. Who is more difficult, don't need me to say too much...

On economic growth, I have always stressed that it should be healthy. Even if the Chinese economy slows, the market is still there! Another simple example - The world's top 10 engineering machinery manufacturers, China has 2. SANY and XCMG.

China has changed the way of development. If China is due to rising product costs, factory orders decreased, resulting in China's economic slowdown. This argument is one-sided. China has a lot of investment in the world, including in India, there are a lot of Chinese enterprises to invest. The benefits of these investments will largely offset the slowdown in market demand.

I'm not an economist, I only know these.

 

[chandrak]

Market demand is determined by the market, this is unpredictable. Not to be transferred by the will of man. As you say. If market demand falls, China's economy will slow down. Vice versa, if the market demand increases, China's economy will continue to maintain a healthy growth rate.

At present, China is transferring from the second industry to the third industry. India is the opposite, it is transferred from the third industry to the second industry（Or the first industry to the second industry transfer）. Who is more difficult, don't need me to say too much...

On economic growth, I have always stressed that it should be healthy. Even if the Chinese economy slows, the market is still there! Another simple example - The world's top 10 engineering machinery manufacturers, China has 2. SANY and XCMG.

China has changed the way of development. If China is due to rising product costs, factory orders decreased, resulting in China's economic slowdown. This argument is one-sided. China has a lot of investment in the world, including in India, there are a lot of Chinese enterprises to invest. The benefits of these investments will largely offset the slowdown in market demand.

I'm not an economist, I only know these.

Its quite clear from ur comments that u r not an economist ..
Can u please provide some data that how much investment done by china in all over world and india (in billions dollars) to hold the slowdown of chinese economy??..
And if u ll go again through my comments u ll find there that i m saying from start that china need new markets (for what ? obviously investment purpose) to hold the slowdown of its economy thats dependent on demand..
Now u r agreeing and repeating me..then y so much typing..u cud hv said yea u r right

 

[Mo12]

Because China's economy is undergoing transformation. We all know that there is always a high growth rate in the initial development of a backward economy. Because it is a big market space..

Although China and India are also developing countries. But the industrial structure of the two countries is quite different. China has the most complete industrial system in the world. India has the world's largest agricultural population and service population.

China needs most is the market, and India needs most is investment. Even if Chinese factory orders fell, China's industrial system was still... A simple example is that China remains the world's number one Shipbuilding and exporting countries, and the world's third largest arms exporter （This is what you call the decline of Chinese factory orders.）. As long as China maintains a strong industry, it will never be afraid of losing the market.

This and India rely on foreign capital to stimulate economic growth model, there is a fundamental difference.

china is a developed nation now.

 

[chandrak]

no no, make it 20%; it is just a projection anyway !


I don't think you should "teach" him, how should it be done!


if you ever live in developed countries, then you will understand why the cost is higher, if India use the same precaution and insurance etc. I believe the cost will be even higher than that of developed countries for space launch.

Its called idiocity and retardness if in a market u ll sell a shoe for 5000 bucks (thats available only for 100 bucks)on the name of insurence and precaution used in it..
At the end what matters is user satisfaction..if product does what it meant to do and user is satisfied he will not ask for ur phenomenon and explaination behind the development ...
And by the way indian track record of space launch is way better then any other country...and thats without any insurence ..

 

[SBUS-CXK]

Its quite clear from ur comments that u r not an economist ..
Can u please provide some data that how much investment done by china in all over world and india (in billions dollars) to hold the slowdown of chinese economy??..
And if u ll go again through my comments u ll find there that i m saying from start that china need new markets (for what ? obviously investment purpose) to hold the slowdown of its economy thats dependent on demand..
Now u r agreeing and repeating me..then y so much typing..u cud hv said yea u r right

China's economic development is not entirely dependent on exports. We also have a large domestic market.