Good news: India has probably pipped Japan as third largest economy

Discussion in 'Economy & Infrastructure' started by Sridhar, May 30, 2013.

  1. Sridhar

    Sridhar House keeper Moderator

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    London: India has probably surpassed Japan to become the world’s third largest economy after the US and China, Paris-based think-tank OECD said today even as it lowered the country’s economic growth projection for 2013 to 5.3 percent.

    “China will likely pass the United States as the world’s largest economy in the next few years and India has probably recently surpassed Japan to be third largest,” said the OECD Economic Outlook report.


    Good news: India has probably pipped Japan as third largest economy - Firstpost
     
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  3. Bangalorean

    Bangalorean Stars and Ambassadors Stars and Ambassadors

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    Re: Good news: India has probably pipped Japan as third largest econom

    This is in PPP terms, which is what the article fails to mention. PPP is useful to measure standards of living within a nation, but when it comes to comparisons among different nations, nominal GDP is the only metric which makes sense.
     
  4. Payeng

    Payeng Daku Mongol Singh

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    Re: Good news: India has probably pipped Japan as third largest econom

    I think such news are intentionally released to attract more traffic.

    Another and better specific reporting of the current news.

    India poised for gradual economic recovery: OECD - Livemint

    Another half baked news from TOI.
    India probably world's third largest economy: OECD - The Times of India
     
  5. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    Re: Good news: India has probably pipped Japan as third largest econom

    Japan's economy is going thru severe deflation only the government is propping up the economy
    any devaluation of the Yen will cripple Japanese economy for a long time.
     
  6. hello_10

    hello_10 Tihar Jail Banned

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    Re: Good news: India has probably pipped Japan as third largest econom


    Indian economy was already at around $5.16trillion on PPP by 2007, as estimated by both World Bank and IMF, but then US/UK manipulated the data's, changed the way of measuring GDP on PPP...... otherwise India was already on the 3rd position by 2007, leaving Japan at 4th with around $4.5trillion GDP that year, i remember :ranger:

     
    Last edited: Jun 6, 2013
  7. Daredevil

    Daredevil On Vacation! Administrator

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    Re: Good news: India has probably pipped Japan as third largest econom

    Nothing great about it. Its sad that our economy is tanking and rupee is devaluing further. Only a kick in the bum of UPA govt in 2014 elections will bring some respite to our economy.
     
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  8. t_co

    t_co Senior Member Senior Member

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    Re: Good news: India has probably pipped Japan as third largest econom

    Japan's economy is going to get ----ed without the TPP going through soon.

    China and SK hold over $300bn in JPY-denominated Japanese government bonds. If Japan's economy gets fragile - if they devalue and the US/EU don't help by taking in large amounts of cheaper Japanese exports - then combined action by China and SK in the JGB market would trigger a government default and bank run in Japan, unraveling their entire hyperleveraged economic structure.

    Not even swap guarantees from the ECB and Fed could help them in that case, because most JPY-denominated assets abroad are held by Chinese, Arabs, and New York hedge funds, not central banks.

    If Xi can get Obama to go slow on the TPP, Shinzo Abe is going to be on his knees, begging Obama for a fast-track on the TPP, within a year.
     
  9. TrueSpirit

    TrueSpirit Senior Member Senior Member

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    Re: Good news: India has probably pipped Japan as third largest econom

    feckless xenophobic rant...:lol:
     
  10. t_co

    t_co Senior Member Senior Member

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    Re: Good news: India has probably pipped Japan as third largest econom

    Learn some international finance and reread that post.
     
  11. TrueSpirit

    TrueSpirit Senior Member Senior Member

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    Re: Good news: India has probably pipped Japan as third largest econom

    @t_co

    No one on DFI has to learn finance from you. The world knows better than that. Yeah, when it comes to industrial espionage, reverse-engineering, hacking, & manufacturing extremely shoddy, suspect-quality, low-grade goods, you rule the roost.

    Coming to topic, Japan is one of the biggest FDI investor in China & would continue to remain to so in foreseeable future.

    On the other hand, China is totally export-dependent economy with little domestic demand. Without markets such as US, EU, Japan & India, your economy would see unprecedented deceleration. You need Japan more than Japan needs you. Remember that.

    And, it is due to this reason (that US & EU have slowed), your economy growth rate has already halved. Learn to READ first. Learn some economic FUNDAMENTALS. Just copy-pasting stuff & text, randomly, displays the constrained limits of your understanding & education.

    Now, it's Reality-check time for you:

    1) China remains the biggest threat to SK & Japan. So, South Korea is with Japan & US, while China is with shit-holes like NK & Pak.

    2)
    Well, the present is just opposite of that. Japan is coming out of recession, while China has already slowed down by a great deal despite all its desperate measures. Japan is rising, China is sinking. Take that.

    3)
    Xi or CPC + CMC + PLA do not have any clout over US policy. Hell, even a puny like Burma defies you.You cannot get anyone to do anything, save Pak & North Korea , you last surviving allies in the world.

    4) You post # 8 is just that, feckless xenophobic rant...:lol:
     
    Last edited by a moderator: May 10, 2015
  12. amoy

    amoy Senior Member Senior Member

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    Re: Good news: India has probably pipped Japan as third largest econom

    @TrueSpirit Only to give u a basic - Japan, S. Korea both have a huge surplus in trade against China. Who needs whom more?

    Sent from my 5910 using Tapatalk 2
     
    Last edited by a moderator: May 10, 2015
  13. Abhijeet Dey

    Abhijeet Dey Regular Member

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    Re: Good news: India has probably pipped Japan as third largest econom

    India should do something about its rising Current Account Deficit (CAD).
     
  14. Archie Leach

    Archie Leach New Member

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    Re: Good news: India has probably pipped Japan as third largest econom

    Well this thread is moot and obselete now with the collapse of the rupee. With the rupee fall, India's real GDP will actually contract for the year 2013. The World Bank and IMF report that for year 2013, India's GDP will be behind that of Italy, Russia and Brazil.
     
  15. Dinesh_Kumar

    Dinesh_Kumar Regular Member

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    Re: Good news: India has probably pipped Japan as third largest econom

    Japan will always remain relevant for its work on Quality Management, and capturing market share w/o raw material resources. India still has a long way to go. For eg. Japan's 8500 ton Destroyers are built in 22 months, while our Kolkota Class might be delayed till 2016 (Construction 2003, Keel Laid 2006).
     

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