Why we’re headed for the Nehruvian growth rate of 4-5 percent?

[AADHAAR]

LOL, you have no idea what the word "manufacture" means.

You don't manufacture raw materials like coal and oil. Only an idiot would think that.

Pretty much every manufactured product in the world (especially electronics) will have some connection to China.

Hence proved.

Saudi Arabia "manufactures" more electronics than Spain, Netherlands, Indonesia, Mexico .. leave alone India.

List of countries by GDP sector composition - Wikipedia, the free encyclopedia

It also "manufactures" oil .. as china "manufactures" coal.

 

[Chinese-Dragon]

^^^ I guess your kind of illogical thinking is the reason that India's GDP growth has fallen to 4.5%.

(Though the collapse of the rupee might be a bigger problem right now, especially for a net importing country like India.)

 

[AADHAAR]

^^^ I guess your kind of illogical thinking is the reason that India's GDP growth has fallen to 4.5%.

(Though the collapse of the rupee might be a bigger problem right now, especially for a net importing country like India.)

So, you can't justify why Saudi Arabia is a great "manufacturing power" and take refuge in calling the other person "illogical".

Where is your "logic" ?

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition

 

[Chinese-Dragon]

So, you can't justify why Saudi Arabia is a great "manufacturing power" and take refuge in calling the other person "illogical".

Where is your "logic" ?

Hey low IQ guy, I never made that claim. It was you who made that claim just now, can't you remember?

Saudi Arabia is the manufacturing super-power ..

If you can't understand why people don't call Saudi Arabia a "manufacturing super-power" then there is nothing I can do to help you.

 

[Sergi]

^^^ I guess your kind of illogical thinking is the reason that India's GDP growth has fallen to 4.5%.

then hong Hu and sino thinking take china to ......

(Though the collapse of the rupee might be a bigger problem right now, especially for a net importing country like India.)

Yes. Specially Oil imports.

Pretty much every manufactured product in the world (especially electronics) will have some connection to China.

Yes. It is either produced in China for obvious reasons or China Copy it


Apart from topic ,
How's your manufacturing industry doing ??? Any effects of global slow down ???

 

[AADHAAR]

Hey low IQ guy, I never made that claim. It was you who made that claim just now, can't you remember?



If you can't understand why people don't call Saudi Arabia a "manufacturing super-power" then there is nothing I can do to help you.

But your friend unfaithfulguy was not so long ago claiming than Europe's GDP is 8 times India's.. quoting nominal GDP figures.

And now he's run away into his cave, when Saudi Arabia's manufacturing GDP was shown to him, making Europeans (Spain and Netherlands) ashamed of their manufacturing GDP.

Can you please let us know, how much percent of china's "45%" manufacturing GDP is just digging and digging.

Saudi's confess, the 66% of their GDP, called politely as "manufacuring" GDP ..is just digging and digging for oil.. all of it.

And Saudi Arabia doesn't even produce 50% of world's oil !!!

However, China does produce 50% of world's coal ...

C'mon don't shy ... you can't hide that china "manufactures" coal ..and that's as much as 5% of China's GDP. And we're not even beginning to count the other digging and digging and digging. Just taking out coal, would reduces china's manufacturing GDP to 40% of total, from 45% of total.

Now, lets see what else China is digging and digging - iron-ore (900 million tonnes), limestone (unknown, but large), oil (atleast 4 times India's, but helps china get only 2.5 times gdp of india), zinc, magnesium, copper .. china digs more than anyone else.

Looks like 20-25% of china's "manufacturing" GDP, is just digging and digging and digging.

And ah the rest ... I read recently 83% of high-tech manufacturing is under MNCs who just use chinese labour, but know how is all foriegn.

Still, I respect, component assembly business in china .... at least its better than digging. But all that is too low, compared to the digging and digging and digging.

(off course, world wants china to keep digging.. suits us well).

 

[Chinese-Dragon]

Apart from topic ,
How's your manufacturing industry doing ??? Any effects of global slow down ???

Not going that well recently. We've been trying to transition away from over-dependence on Investment and Exports as drivers of GDP, and having some limited success.

 

[faithfulguy]

Hence, proved.

Saudi Arabia is the manufacturing super-power .. since it's manufacturing GDP is greater than even Spain and Netherlands (thought to be EU biggies. ). Hail Saudi Arabia ...

Saudi Arabia has stupendously wonderful manufacturing prowess.. with manufacturing GDP greater than not only (i) Spain and (ii) Netherlands, but also (ii) Australia, (iii) Indonesia, (iv) Mexico, (v) Sweden (damn, Gripen manufacturing doesn't help them against Saudi manufacturing).

And now some bad news for China -- inspite of digging and digging and digging, China's "manufacturing GDP" is only 45% of total.

Saudi Arabia is also a bigger "manufacturing powerhouse" than China.. because a stupendous 66% of Saudi Arabia's GDP comes from manufacturing.

But don't feel sorry.. China's isn't doing too bad on "manufacturing" ... it still stands 4th (still, a great achievement):

Saudi Arabia: 66% (wow.. they manufacture oil)
UAE: 60% (wow ... they also manufacture oil
Indonesia: 47% (wow.. they manufacture everything, from oil to coal)
China: 45% (wow ... the nation of coal miners. China "manufactures" 50% of the world's coal).

Hail these four biggest "manufacturing" guys... who "manufacture" coal, "manufacture" oil, "manufacture" zinc... wow.. "manufacture"..

If your view of GDP is just categorize into 4 categories, than what you say is true. But since you have a simple mind, just go with what you wrote. I have no comment.

 

[Sergi]

@AADHAAR :
Buddy coal mining and oil drilling come under "Primary Sector" as it is natural resource.

Any activity termed as "manufacturing" is a "Secondary Sector" activity which use or enhance raw materials available from primary sector.

Nobody "manufacture" oil or coal they produce. The wiki link you posted clears mentioned

Industrial sector
Industry is the segment of economy concerned with production of goods (including fuels and fertilisers). Industrial output is a component of the GDP of a nation. It includes mining and extraction sectors.

I really doubt Sauds produce anything major besides oil. And countries like ours buy from them so our hard earn $$$ take their economy to top. Not because they are ahead in industrial development

Not going that well recently. We've been trying to transition away from over-dependence on Investment and Exports as drivers of GDP, and having some limited success.

Thats a bad news. Last thing we need is global slow down resting in Asia. Hope China come out that

 

[Jade]

We are talking about GDP, not how much grain or oil each country produced. I know many of you Indians like to use PPP. But PPP is totally subjective and I can come up with my own PPP numbers. So the only valid way to calculate GDP is the nominal GDP in US$. In this case, Europe's GDP is close to 8 times that of India.

As for manufacturing, India has barely any to speak of. India do produced enough for India to use because of protectionist racket of India. If India open up its market for imports, India would have virtually zero manufacturing as people can produced thing more efficient outside of India than the cost of producing something in India. And India has such low wages so its all the inefficiencies, the red tapes and the corruption that make it expensive to do business in India.

Care to explain how you come up with your own PPP numbers?

 

[Sergi]

We are talking about GDP, not how much grain or oil each country produced. I know many of you Indians like to use PPP. But PPP is totally subjective and I can come up with my own PPP numbers. So the only valid way to calculate GDP is the nominal GDP in US$. In this case, Europe's GDP is close to 8 times that of India.

As for manufacturing, India has barely any to speak of. India do produced enough for India to use because of protectionist racket of India. If India open up its market for imports, India would have virtually zero manufacturing as people can produced thing more efficient outside of India than the cost of producing something in India. And India has such low wages so its all the inefficiencies, the red tapes and the corruption that make it expensive to do business in India.

Every country protects its own economy. Name one country which didn't put controls , taxes or subsides. I dare you write US

 

[AADHAAR]

@AADHAAR :
Buddy coal mining and oil drilling come under "Primary Sector" as it is natural resource.

Any activity termed as "manufacturing" is a "Secondary Sector" activity which use or enhance raw materials available from primary sector.

Nobody "manufacture" oil or coal they produce. The wiki link you posted clears mentioned



I really doubt Sauds produce anything major besides oil. And countries like ours buy from them so our hard earn $$$ take their economy to top. Not because they are ahead in industrial development

Here you go:

List of countries by GDP sector composition - Wikipedia, the free encyclopedia

List of countries by "manufacturing" GDP:

Saudi Arabia: 439 Billion
Spain: 324 Billion
Netherlands: 185 Billion
Indonesia: 419 Billion
Australia: 410 Billion
Turkey: 220 Billion
India: 328 Billion

Off course, Saudi Arabia is a "manufacturing" powerhouse ... if the measure is nominal manufacturing GDP.

And like it or not ... there is no "primary sector" GDP or "mining sector" GDP in the composition.

Mining GDP is included in Manufacturing GDP.

That's what explains Saudi Arabia's "manufacturing" greatness.

That also explains china's "manufacturing" greatness; take out digging and digging in china their true "manufacturing" GDP is nowhere near 45%.

Neither would Saudi Arabia's "manufacturing" GDP look awesome compared to Spain and Netherlands, leave alone India which is among top 4-5 producers of almost everything, including steel, cement, pharmaceuticals, aluminium, fertilizers .. bla bla.

 

[faithfulguy]

Care to explain how you come up with your own PPP numbers?

PPP is subjective and if I have time, I'll come up with one. Now, I'm going to bed. But PPP subjective and different people has different views. I prefer nominal GDP as this is objective.

Here you go:

List of countries by GDP sector composition - Wikipedia, the free encyclopedia

List of countries by "manufacturing" GDP:

Saudi Arabia: 439 Billion
Spain: 324 Billion
Netherlands: 185 Billion
Indonesia: 419 Billion
Australia: 410 Billion
Turkey: 220 Billion
India: 328 Billion

Off course, Saudi Arabia is a "manufacturing" powerhouse ... if the measure is nominal manufacturing GDP.

And like it or not ... there is "primary sector" GDP or "mining sector" GDP in the composition.

Mining GDP is included in Manufacturing GDP.

That's what explains Saudi Arabia's "manufacturing" greatness.

That also explains china's "manufacturing" greatness; take out digging and digging in china their true "manufacturing" GDP is nowhere near 45%.

Neither would Saudi Arabia's "manufacturing" GDP look awesome compared to Spain and Netherlands, leave alone India which is among top 4-5 produces of almost everything, including steel, cement, pharmaceuticals, aluminium, fertilizers .. bla bla.

You keep on repeating same thing over and over again is not going to make you look any smarter. Time for you to go to bed. Good night.

Every country protects its own economy. Name one country which didn't put controls , taxes or subsides. I dare you write US

Overall, US has a much more open market and efficient economy. Even though India "open" up its economy in 1991. Its economy is still relatively closed as compare to a US, Europe or even China.

 

[AADHAAR]

You keep on repeating same thing over and over again is not going to make you look any smarter. Time for you to go to bed. Good night.

I am the one who agrees with you: Saudi Arabia, China, UAE and Indonesia have "manufacturing" as the biggest component of their GDP.

Go to bed now, and dig tomorrow. Hail digging !!!

 

[Jade]

PPP is subjective and if I have time, I'll come up with one. Now, I'm going to bed. But PPP subjective and different people has different views. I prefer nominal GDP as this is objective.



You keep on repeating same thing over and over again is not going to make you look any smarter. Time for you to go to bed. Good night.

GDP PPP essentially is GDP at purchaser price. It is same as calculating GDP Nominal, but would count everything produced in local currency and then converted to dollar, unlike GDP nominal where everything produced in measured directly in USD

GDP per capita, PPP (current international $) | Data | Table