China beats India by a huge margin

CrYsIs

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China's economy, which was smaller than India's in the 1980s, has raced ahead since, showed a study by CRISIL Research. It led to higher reduction of poverty in China than India. Car sales in the neighbouring country have also zoomed past that of India.

CRISIL's latest study showed India's economy was 1.75 times bigger than China's in 1960. In fact, by 1980 as well, India's economy was $0.3 trillion, while Chinese was only $0.2 trillion on a purchasing power parity (PPP) basis.

However, by 2013, the Chinese economy had become 2.7 times India's. By 2018, the Chinese economy will be more than $20 trillion (PPP), while India's will not even touch $8 trillion, the study noted.

For obvious reasons, this has also led to higher per capita income in China. China achieved the per person income of $9,000 plus on PPP basis in 2012 compared to $3,000 in India. This has also led to faster reduction of poverty in China than India. For example, the proportion of the people under the poverty line was higher than India by over 10 percentage points in 1994. While China had close to 60 per cent of population under the poverty line, half of the population was poor in India then.

By 2009, India's poverty ratio was over 20 percentage points higher than China's. Close to 33 per cent of population was poor in India, while around 12 per cent of population was under poverty line in China.

China's faster movement than India's is also seen in the number of car sales. In 2003, car sales in China zoomed past India's by 2.1 million. By 2010, the difference rose to 7.5 million. "As a result of higher sales, cars per 1,000 persons in China was nearly 2.6 times India's," the study noted.
China beats India by a huge margin | Business Standard
 

CrYsIs

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Firstly comparing GDP in PPP terms is stupid.The strength of the economy is best measured in Nominal terms or on dollar value.

Currently as of 2014 China's GDP stands at 10 trillion $ as opposed to nearly 2 trillion $ for India which means India's economy is mrerly 1/5th of that of China.

By 2019 China's GDP would reach 14.8~15 trillion $ as opposed to 3 trillion $ for India.

According to PWC by 2030 China's economy would reach around 23 trillion $ as opposed to a mere 8 trillion $ for India

and by 2050 China would be around a 48.5 trillion $ economy and India a 27 trillion $ economy
 

amoy

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A lot easier if visualized in graphs... but of course recent RMB dip has to be taken into account, plus economic slowdown

 

amoy

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when a nation is led by a bunch of dynasty crooks.....you can't expect much.
Dynastic politics is not always to blame . Look, Abe has 2 grand fathers who were also Japanese PM . LDP (Liberal Democrats) has been the post-war ruling party with very short interruptions (one-party rule per se).

p.s. I mention Abe becoz I saw a separate post referred to Modi's economics as Modinomics
 
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debasree

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we cant bulldoze the policy like china its not authotorian country so chineese punks dont share all those data ..
 

fyodor

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we cant bulldoze the policy like china its not authotorian country so chineese punks dont share all those data ..
actually india's failure cannot be explained away by democracy because if democracy is really a good system then it should deliver and if it can't deliver then it isn't a good system....got the point?

india is theoretically a democratic state but practically it's not, @amoy gave the example of Abe but its not accurate because in India the congress party has divided the country on the basis of caste and religion and they play dirty politics, so small parties get lots of vote and congress give them money and power to form coalitions, its totally different from japan
 
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jon88

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we cant bulldoze the policy like china its not authotorian country so chineese punks dont share all those data ..
Whats the point of being the greatest democracy but with the worst living standards. The system of democracy is for the people but in actuality Indian democracy is flawed and dysfunctional. You cannot use democracy as an excuse for the lower than China's performance. We cannot be continuously be arrogant and proud of something that we are not.
 

Peter

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Whats the point of being the greatest democracy but with the worst living standards. The system of democracy is for the people but in actuality Indian democracy is flawed and dysfunctional. You cannot use democracy as an excuse for the lower than China's performance. We cannot be continuously be arrogant and proud of something that we are not.
Well the statistics indeed paint a gloomy picture for us.However I would prefer democracy over a totalitarian regime any day.One must not forget that a comparison between China and India is not fair.China was never colonized in its entirety(some parts were like Hong Kong etc).The colonization of India has set us back a lot and we still have to carry that burden of colonization.When the British left India they left it in a decaying state.I think that in 60 years of independence we have achieved a lot though we still have a few problems.If we get another 60 years of better governance we can catch up or even better China.If you compare our performance with formerly colonized states(not pseudo colonies like Australia,Canada etc) then we are certainly better than the rest.
 
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CrYsIs

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we cant bulldoze the policy like china its not authotorian country so chineese punks dont share all those data ..
This is a very lousy answer. Actually India cannot do anything.Leave alone building a skyscraper,this country cannot even provide basic healthcare and education. Do you even realize the implications of widening gap between India and China ?

If china chooses to rein in on India,there is absolutely nothing India can do other than praying to god.
 

CrYsIs

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it's not "the new news",nothing new here,china's income is 4 times the india both in nominal and per capita,it is well known thing.

I know there is nothing new here but remember just 20 years ago China and India were on the same level but in just 20 years China has left us behind by half a century.
 

abhi_the _gr8_maratha

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actually india's failure cannot be explained away by democracy because if democracy is really a good system then it should deliver and if it can't deliver then it isn't a good system....got the point?

india is theoretically a democratic state but practically it's not, @amoy gave the example of Abe but its not accurate because in India the congress party has divided the country on the basis of caste and religion and they play dirty politics, so small parties get lots of vote and congress give them money and power to form coalitions, its totally different from japan
sir, kindly explain how india is not democracy, india is not pakistan where government is elected and army rules,in india elected government rules and parliament creates law and judiciary system applies it , so please tell how india is not a democracy
 
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abhi_the _gr8_maratha

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Whats the point of being the greatest democracy but with the worst living standards. The system of democracy is for the people but in actuality Indian democracy is flawed and dysfunctional. You cannot use democracy as an excuse for the lower than China's performance. We cannot be continuously be arrogant and proud of something that we are not.
please read THE BET written by anton chekov, he has described freedom superior to money cause you have money and not freedom to use it, you have education and you can't express it via newspaper or you cannot have 2 kids. And also ANIMAL FARM by george orwell ,he showed the cruelty of russian communism(he was awarded noble price for it)
 
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jon88

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I know there is nothing new here but remember just 20 years ago China and India were on the same level but in just 20 years China has left us behind by half a century.
We let a few rotten apples into our democratic system and it is polluted for life. India will always be the pariah nation as long as those rotten politicians are not purged. Sometimes to cure a disease, we need a complete change of lifestyle. Maybe...just maybe we need a revolution and abandon democracy for a while. Maybe the East Asian concept of gradual transition to democracy is a better option.....just look at Korea, Singapore, Taiwan and Japan.

Yes, no democracy in India is a very very frightening but maybe it is really neccessary for a better India.
 

jon88

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please read THE BET written by anton chekov, he has described freedom superior to money cause you have money and not freedom to use it, you have education and you can't express it via newspaper or you cannot have 2 kids. And also ANIMAL FARM by george orwell ,he showed the cruelty of russian communism(he was awarded noble price for it)
You mean to tell me that we have been very generous and supportive to our poor and under privileged all this while? Socialism in Russia, China, Cuba, and Scandinavian countries yielded very different results. Democracy in different countries also yielded very different results too. Cleverly written books taking about one side of the story does not reflect the whole story. There are many cleverly written books from the opposite side too. You are just being selective and presumptuous in your choices to believe in. As far as I know, everything is a double edge sword.....it cuts both sides.
 

CrYsIs

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sir, kindly explain how india is not democracy, india is not pakistan where government is elected and army rules,in india elected government rules and parliament creates law and judiciary system applies it , so please tell how india is not a democracy
India is a democracy only in polling booths and law books,Outside it's a combo of kleptocracy,oligarchy and mafistocracy where a tiny elite minority live on looting and plundering the impoverished masses.
 

abhi_the _gr8_maratha

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You mean to tell me that we have been very generous and supportive to our poor and under privileged all this while? Socialism in Russia, China, Cuba, and Scandinavian countries yielded very different results. Democracy in different countries also yielded very different results too. Cleverly written books taking about one side of the story does not reflect the whole story. There are many cleverly written books from the opposite side too. You are just being selective and presumptuous in your choices to believe in. As far as I know, everything is a double edge sword.....it cuts both sides.
as a economist marx was extraordinary and he solved many problems of labourers and welfare state,the newest form of democracy is a gift of him to world but politically communism is a form of totalitarianism,like that of hitler or mussolini. No freedom to newspaper,humans and THE BIGGEST PROBLEM OF COMMUNISM IS IT SEES MAN AS A MEANS OR A DEVICE AND DO ANYTHING SO THAT PEOPLE LISTEN WILL OF STATE
 

jon88

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sir, kindly explain how india is not democracy, india is not pakistan where government is elected and army rules,in india elected government rules and parliament creates law and judiciary system applies it , so please tell how india is not a democracy
Let me tell you why India is a democracy. In India, the government is elected and, corruption, nepotism and cronyism rules. In India , elected government misrules, parliament creates mostly unjust and inapplicable laws and the judiciary system applies it to the poor and defenseless. India is indeed a democracy....a dysfunctional democracy.
 

abhi_the _gr8_maratha

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@jon88
we doesn't solve the problems of poors but a communism doesn't do it eighter, a line from animal farm
THE FARM BECAME RICH BUT MAKING ANIMALS POORER , in 199. When soviet russia collapsed then many people got fal look of russia

@CrYsIs there is a world famous line from animal farm and you may have read it in newspapers ,he wrote it about russia and communist nation
ALL ANIMALS ARE EQUAL BUT SOME ARE MORE EQUAL THAN OTHERS
in communist party is superior to everything in communist nation
we have freedom as well as freedom to fight election and why don't you stand for a party instead of blaming system
 
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