Why India Will Displace China as Global Growth Engine

[faithfulguy]

India has virtually zero manufacturing? Stop living in your fantasy will you?

They make their own Tata auto that only costs $3k. Their heavy industries can even produce power plant turbine to locomotive. If there is anything, it is the consumer market of India is not strong enough to buy those Indian-made products. If foreign products are getting more expensive for Indian to import, domestic manufacturing industries of India will prosper as more consumers will turn to domestic products. More consumers will add to economy of scales to drive down the prices making Indian-made products more affordable to the mass of the poor ever.

Maybe they can make a few crappy cars here and there. But overall, their manufacturing is in such a state that Indian members won't even defend them. Since you are a pro Indian vietcong, you pathetically defend them on everything, whether you are right or wrong.

 

[Truth Finder]

Maybe they can make a few crappy cars here and there. But overall, their manufacturing is in such a state that Indian members won't even defend them. Since you are a pro Indian vietcong, you pathetically defend them on everything, whether you are right or wrong.

Check world's top ten manufacturing countries and see if you can find India or not.

 

[Genesis]

@Truth Finder And any member that thinks this is true.

I am not going to dispute it but what I will say is this, a question.

What do you mean when you say growth Engine? What percentage of growth are we looking at? China for about 2 decades grew by 10 percent more or less. And at about 12 until pretty much recently. Is India looking at the same growth?

Not saying India can't but is that the expectation?

Also as a side, if the answer is no, and the growth will only be slightly more than Chinese growth, how is that going to help India surpass China at any point soon?

 

[djsjs]

Check world's top ten manufacturing countries and see if you can find India or not.

dear India friend,i cannot agree with you more ,since India manufacturing scale is similar to Guangdong,the next time if some Chinese say Indian manufacture is tiny,you can ask him-IS GUANGDONG MANUFACTURE TINY?I m sure he will shut up!

 

[cirr]

Check world's top ten manufacturing countries and see if you can find India or not.

Since India is such a manufaturing power，perhaps you would care to provide us with a list of things that India actually make plus each item's world market share？

Thanks。

Rupee hits record low at open; further losses likely

Last updated on: June 11, 2013 09:54 IST

Swati Bhat in Mumbai

The rupee opened at a record low on Tuesday tracking weakness in most other Asian currencies while an expected fall in the domestic share market is also likely to weigh.

At 9:02 am IST, the partially convertible rupee was at 58.35/38 per dollar, a life low and weaker than its previous close of 58.15/16.

Traders will watch out for any Reserve Bank of India intervention to prevent the rupee from weakening further.


http://www.rediff.com/money/slide-show/slide-show-1-how-the-rupee-fared-on-june-11/20130611.htm

 

[q12093487q]

Since India is such a manufaturing power，perhaps you would care to provide us with a list of things that India actually make plus each item's world market share？

Thanks。

Rupee hits record low at open; further losses likely

Last updated on: June 11, 2013 09:54 IST

Swati Bhat in Mumbai

The rupee opened at a record low on Tuesday tracking weakness in most other Asian currencies while an expected fall in the domestic share market is also likely to weigh.

At 9:02 am IST, the partially convertible rupee was at 58.35/38 per dollar, a life low and weaker than its previous close of 58.15/16.

Traders will watch out for any Reserve Bank of India intervention to prevent the rupee from weakening further.

So india cannot reach $2 trillion in 2013？Maybe in 2014？

 

[faithfulguy]

Check world's top ten manufacturing countries and see if you can find India or not.

I look it up and it clearly show that India's manufacturing is minimal.

 

[faithfulguy]

@Truth Finder And any member that thinks this is true.

I am not going to dispute it but what I will say is this, a question.

What do you mean when you say growth Engine? What percentage of growth are we looking at? China for about 2 decades grew by 10 percent more or less. And at about 12 until pretty much recently. Is India looking at the same growth?

Not saying India can't but is that the expectation?

Also as a side, if the answer is no, and the growth will only be slightly more than Chinese growth, how is that going to help India surpass China at any point soon?

You must have not heard of the guy named Gordon Chang. He is the Indian members' favorite person in the world.

 

[cirr]

Since our Indian friends are easily swayed by western “opinions“， perhaps they would take great comfort in the results of this study：

The Most Dynamic Cities of 2025

The Most Dynamic Cities of 2025 | Foreign Policy

A clue：
Indian cities listed - 3（39th、53rd and 75th）
Chinese cities listed - 30（1st、2nd、3rd、5th、6th、8th。。。、50th、55th、56th。。。）

 

[Truth Finder]

So india cannot reach $2 trillion in 2013？Maybe in 2014？

INR's original strength post 2008 is more or less 53 to 55. This recent fluctuation is due to Federal Reserve's statement on liquidity, India's CAD appreciations coming out in June and RBI's upcoming strategy meet in mid June and on previous month's trade deficit. INR lost 7% MoM, but it is more or less same for Brazil, Mexico and S. Africa. INR is going to hit 60 as per indications before starting to rebound. Don't worry, by DEC ,According to STAN CHAT, it will be around 53/54. Study previous year's appreciation from 57 to 49. It's mere speculation. Artificial intervention will only do bad.

 

[Truth Finder]

@Truth Finder And any member that thinks this is true.

I am not going to dispute it but what I will say is this, a question.

What do you mean when you say growth Engine? What percentage of growth are we looking at? China for about 2 decades grew by 10 percent more or less. And at about 12 until pretty much recently. Is India looking at the same growth?

Not saying India can't but is that the expectation?

Also as a side, if the answer is no, and the growth will only be slightly more than Chinese growth, how is that going to help India surpass China at any point soon?

Our savings is more than 32%. Hence, minimum potential is 8%(32/4=8).
Our target is 9% to 10%.
Time is a relative term.

 

[Truth Finder]

Since our Indian friends are easily swayed by western “opinions“， perhaps they would take great comfort in the results of this study：

The Most Dynamic Cities of 2025

The Most Dynamic Cities of 2025 | Foreign Policy

A clue：
Indian cities listed - 3（39th、53rd and 75th）
Chinese cities listed - 30（1st、2nd、3rd、5th、6th、8th。。。、50th、55th、56th。。。）

How many Chinese cities were there in the list in 1990???
Dynamism is vogue term, you can't measure it but you can measure economic activities.

 

[soaringeagle]

If our neighbor set a high goal for themselves, we shall just smile and wish them well.
And continue working on our path diligently.
I don't see any point in bashing each other on current data.
It is just like a football (or cricket) match, may the best team wins.

 

[faithfulguy]

Since our Indian friends are easily swayed by western “opinions“， perhaps they would take great comfort in the results of this study：

The Most Dynamic Cities of 2025

The Most Dynamic Cities of 2025 | Foreign Policy

A clue：
Indian cities listed - 3（39th、53rd and 75th）
Chinese cities listed - 30（1st、2nd、3rd、5th、6th、8th。。。、50th、55th、56th。。。）

There are too many predictions about China in the western press. And I do see a trend between predictions about China vs predictions about India that made western news. The predictions about China usually center around China's GDP vs countries that are ahead of China. China consistently beat expectations. India, on the other hand, continuously disappoint its fan clubs. Even one of the major Indian fan boy, ex Indian fareed zakaria is very pessimistic about India recently because of India's slowing growth rate.

 

[Truth Finder]

There are too many predictions about China in the western press. And I do see a trend between predictions about China vs predictions about India that made western news. The predictions about China usually center around China's GDP vs countries that are ahead of China. China consistently beat expectations. India, on the other hand, continuously disappoint its fan clubs. Even one of the major Indian fan boy, ex Indian fareed zakaria is very pessimistic about India recently because of India's slowing growth rate.

China's Baffling GDP Figures - Yueran Zhang - The Atlantic( Please see the chart inside and you will find a new definition of MATH )

China's GDP growth slowed unexpectedly in the first quarter

http://www.bloomberg.com/news/2013-04-15/asian-stocks-drop-as-u-s-retail-sales-fall-ahead-of-chinese-gdp.htm

WBP Online - China factories unexpectedly weaken in May: HSBC PMI at 49.2