Why India Will Displace China as Global Growth Engine.

[Chinese-Dragon]

If in 2011 gdp was $7.318 trillion and growth is ~7%, even 8, then gdp this year cannot be 8 trillion. Growth would need to be around 10% to reach that target.

LOL. Learn the difference between real and nominal GDP growth. This is basic secondary school economics.

China went from 5.9 trillion in 2010, to 7.3 trillion in 2011 with a real growth rate of 9.2%.

Not the nominal growth rate.

this guy probably never even heard of the term nominal GDP.

Apparently so. This Indian is trying his best though.

 

[Audio]

LOL. Learn the difference between real and nominal GDP growth. This is basic secondary school economics.

China went from 5.9 trillion in 2010, to 7.3 trillion in 2011 with a real growth rate of 9.2%.

Not the nominal growth rate.



Apparently so. This Indian is trying his best though.

Never claimed i was an economics guru, but it's pretty straightforward math. Until you add Chinese economics and cooking of the books ofcourse. Anything is possible then.

 

[Chinese-Dragon]

Creative accounting or Chinese economy. It's a synonim. And those figures i posted above are net figures.

Creative accounting? Do you mean like this?

Bloomberg - India Overstated Exports by $9 Billion

It's hilarious because you can't fake export numbers, since the receiving countries also keep logs of imports. India tried and failed hard.

Never claimed i was an economics guru.

Actually it was basic secondary school economics.

 

[Audio]

Creative accounting? Do you mean like this?

Bloomberg - India Overstated Exports by $9 Billion

It's hilarious because you can't fake export numbers, since the receiving countries also keep logs of imports. India tried and failed hard.

i dont care about India buddy. You cannot insult me that way. Keep trashtalking. You know what's hilarious?
Chinese exports to Hong Kong used to cook the books. The data ofcourse isn't verifiable because at the top in HK sits a CCP man taking orders from Beijing. In other words, the receiving country is the same as the sending country, they just act it is different to make "appearances".

Also waiting on your answer to post #62. You kind of avoided that.

 

[Chinese-Dragon]

i dont care about india buddy.

None of your fellow Indians do either, which is why India has more poverty than the whole of Africa, with collapsing GDP growth and a debt-to-GDP ratio that is higher than that of Spain, and a fiscal deficit that is unheard of in developing countries.

Now don't tell me India is cooking the books to make themselves look worse than they actually are. You guys are actually trying to overstate it like in the Bloomberg link.

 

[Audio]

None of your fellow Indians do either, which is why India has more poverty than the whole of Africa, with collapsing GDP growth and a debt-to-GDP ratio that is higher than that of Spain, and a fiscal deficit that is unheard of in developing countries.

Ill just take that as a deflection then.

 

[Chinese-Dragon]

Ill just take that as a deflection then.

Talk about deflection, have you actually tried to talk about the topic?

Will India replace China as the global growth engine? Bear in mind that even IF India grows at the same percentage growth rate as China (lol), China's base economy is still four times larger, which means we'll still be adding four times as much to the global economy as India is - IF they manage to achieve our same percentage growth rate.

Not sure if that will sail over your head, considering that you didn't even know the difference between real and nominal GDP growth, which you should have learned in secondary school.

Currently, even America with a 1-2% growth rate (of 15 trillion) is adding a LOT more to their economy every year than India is.

 

[neehar]

None of your fellow Indians do either, which is why India has more poverty than the whole of Africa, with collapsing GDP growth and a debt-to-GDP ratio that is higher than that of Spain, and a fiscal deficit that is unheard of in developing countries.

Now don't tell me India is cooking the books to make themselves look worse than they actually are. You guys are actually trying to overstate it like in the Bloomberg link.

u just insulted 17.5% of the human race...mind u

we may not be economically stronger than china..but we have something you dont...thats freedom and political rights..
i rather live under a tree than in a golden age....
as for poverty is concerned india is lifting 1-2% of its population out of poverty every year and we're doing better on lifting poverty than china...we may have greater poverty than africa but its just about quarter of our population...

and all those growth and stuff is dynamic in india.we're a democracy.even if one year it falls down it resurges back in the following year.they are just temporary..ur talking about 2011,2012.our growth rate is expected above 7% next year and with the recent steps taken on fdi...takes care of the fiscal deficit...nothing is permanent..china is not a democracy...if ur growth rate falls by a great value then ur economy is just dead...ur govt is wary of it
http://dspace.cigilibrary.org/jspui/bitstream/123456789/31304/1/Poverty in Numbers.pdf?1

 

[timetravel]

None of your fellow Indians do either, which is why India has more poverty than the whole of Africa, with collapsing GDP growth and a debt-to-GDP ratio that is higher than that of Spain, and a fiscal deficit that is unheard of in developing countries.

Now don't tell me India is cooking the books to make themselves look worse than they actually are. You guys are actually trying to overstate it like in the Bloomberg link.

the Chinese desperate to discredit the Indian economy.. Indian economy will overtake the sham Chinese economy.. its inevitable.

you know its more fun when you know something is bound to happen, but some just keep hoping it wont!!

china is not a democracy...if ur growth rate falls by a great value then ur economy is just dead...ur govt is wary of it
http://dspace.cigilibrary.org/jspui/bitstream/123456789/31304/1/Poverty in Numbers.pdf?1

their economy will never fall.. even if there is zero production in China one day, the ccp will lie about 7% growth, meeting their yearly forecast!! does ccp have guts to accept 2% or -ve growth? they are even afraid of a blind man's word.

 

[neehar]

the Chinese desperate to discredit the Indian economy.. Indian economy will overtake the sham Chinese economy.. its inevitable.



their economy will never fall.. even if there is zero production in China one day, the ccp will lie about 7% growth, meeting their yearly forecast!!

how long can they sustain that????

 

[Audio]

Talk about deflection, have you actually tried to talk about the topic?

Will India replace China as the global growth engine? Bear in mind that even IF India grows at the same percentage growth rate as China (lol), China's base economy is still four times larger, which means we'll still be adding four times as much to the global economy as India is - IF they manage to achieve our same percentage growth rate.

Not sure if that will sail over your head, considering that you didn't even know the difference between real and nominal GDP growth, which you should have learned in secondary school.

Currently, even America with a 1-2% growth rate (of 15 trillion) is adding a LOT more to their economy every year than India is.

Talk about the economy of one of the two players in the thread is relevant. Thread is about economy afterall. Thing is, you just dont wanna play and you keep bringing up India.

 

[Chinese-Dragon]

Talk about the economy of one of the two players in the thread is relevant. Thread is about economy afterall. Thing is, you just dont wanna play and you keep bringing up India.

Look at the thread title.

It is about China AND India.

 

[timetravel]

how long can they sustain that????

the person who ccp say is earning 100 is actually earning 30..the world don't know the poor person don't question. but obviously it could lead to internal strife overtime.

how long will depend upon how long ccp can keep Chinese people misinformed

 

[neehar]

the person who ccp say is earning 100 is actually earning 30..the world don't know the poor person don't question. but obviously it could lead to internal strife overtime.

how long will depend upon how long ccp can keep Chinese people misinformed

we're a concumer oriented ecomony and they are converse...they need to continue to increase their exports for the survival of their economy..or else there will be a break down of the entire system.new jobs must be created continously...if u look at the graphs..there is a peak value in 2008 and fallen down followed by the decrease in growth rates which is a matter of concern..
http://blogs.cfr.org/setser/2009/03...t-up-in-part-with-the-fall-in-chinas-exports/

 

[Chinese-Dragon]

Here are some GDP numbers. From the IMF. These are the top 10 largest economies in descending order.

List of countries by past and future GDP (nominal) - Wikipedia, the free encyclopedia

In the one year from 2010-2011, this is how much each country added to their GDP (and thus added to the global economy).

America added approximately 0.6 trillion in one year.
Japan added approximately 0.4 trillion in one year.
Germany added approximately 0.3 trillion in one year.
Russia added approximately 0.3 trillion in one year.
Brazil added approximately 0.3 trillion in one year.

India added approximately 0.2 trillion in one year.

China added approximately 1.4 trillion in one year. (Almost as much as India's entire GDP).

Now tell me, who are the "global growth engines"? Who is adding the most GDP to the global economy? Obviously China+America, together they added around 2 trillion to the global economy in a single year.