India Vs Brazil, which one is stronger?

[kickok1975]

India has long being expected as most powerful developing country after China, and is expected to become one of the biggest economy in the world. However, while India is still ranked around 11~10 on GDP of country, Brazil has secretly climbed the ladder and become the most formidable contender of top spot.

Brazil claims it is fifth largest economy in world

By Joe Leahy in Brasilía
Published: March 3 2011 22:53 | Last updated: March 3 2011 22:53

Brazil has overtaken Britain and France to become the fifth largest economy in the world after reporting 7.5 per cent economic growth in 2010 – the fastest rate since 1986, finance minister Guido Mantega said.

Latin America's biggest economy grew last year on the back of consumer credit, investment and a government stimulus package but was showing signs of moderating amid slower economic growth in the fourth quarter.
"Looking at the international scenario, Brazil was ranked third in the world in relation to [the pace of] economic growth and it is the fifth [largest] economy when we consider the G20 countries," Mr Mantega said on Thursday.
After a brief recession during the world economic crisis, the government ramped up its fiscal spending in 2009 and 2010 to help the economy recover and prepare the way for an election last year that swept the government of new President Dilma Rousseff to power.
That helped push gross domestic product to R$3,675bn ($2,215bn) last year, a level that Mr Mantega said made it the world's fifth biggest, up from about eighth previously.

However, Brazil is struggling to sustain rapid growth owing to its creaking infrastructure, convoluted tax system and labour constraints, leading to concerns of rising inflation.
The inflation rate touched 6.08 per cent in the 12 months to mid-February – just short of the upper limit of the central bank's target of 4.5 per cent, plus or minus 2 per cent.
The central bank on Wednesday night tightened its benchmark Selic interest rate by another 50 basis points to 11.75 per cent, the second increase this year. The country has the highest real interest rates – rates adjusted for inflation – of any large economy. The market will continue to bet that interest rates will stay high in the near-term, economists believe.

"We have a clear battle here between central bank and market players. This will last until we see inflation coming down and growth showing clearer signs of moderation," said Diego Donadio, a Latin America strategist at BNP Paribas in São Paulo.
Mr Mantega said Brazil's economic growth would moderate this year to 4.5-5 per cent as the government downsized its planned 2011 budget by R$50bn.
The government would also reduce Treasury lending to the state development bank, the BNDES, to about R$55bn from R$80bn in 2010 and R$100bn in 2009. Lending by the BNDES was a big contributor to strong economic growth in the past two years.
"We are reducing the resources of the BNDES to encourage the private sector to finance investments in Brazil," Mr Mantega said.
Economists said there was evidence that Brazil's economy started slowing in the final quarter of 2010, expanding 0.7 per cent against the previous three months, or 5 per cent against a year earlier.

Neil Shearing, senior emerging markets economist with Capital Economics, said growth was becoming uneven, with private consumption rising an annualised 10 per cent in the fourth quarter while fixed income investment and exports under-performed.

 

[kickok1975]

Geography, Brazil

Location:
Eastern South America, bordering the Atlantic Ocean

Geographic coordinates:
10 00 S, 55 00 W

Map references:
South America

Area:
total: 8,514,877 sq km
country comparison to the world: 5
land: 8,459,417 sq km
water: 55,460 sq km
note: includes Arquipelago de Fernando de Noronha, Atol das Rocas, Ilha da Trindade, Ilhas Martin Vaz, and Penedos de Sao Pedro e Sao Paulo

Area - comparative:
slightly smaller than the US

Land boundaries:
total: 16,885 km
border countries: Argentina 1,261 km, Bolivia 3,423 km, Colombia 1,644 km, French Guiana 730 km, Guyana 1,606 km, Paraguay 1,365 km, Peru 2,995 km, Suriname 593 km, Uruguay 1,068 km, Venezuela 2,200 km

Coastline:
7,491 km

Maritime claims:
territorial sea: 12 nm
contiguous zone: 24 nm
exclusive economic zone: 200 nm
continental shelf: 200 nm or to edge of the continental margin

Climate:
mostly tropical, but temperate in south

Terrain:
mostly flat to rolling lowlands in north; some plains, hills, mountains, and narrow coastal

 

[kickok1975]

Geography, India

Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan

Geographic coordinates:
20 00 N, 77 00 E

Map references:
Asia

Area:
total: 3,287,263 sq km
country comparison to the world: 7
land: 2,973,193 sq km
water: 314,070 sq km

Area - comparative:
slightly more than one-third the size of the US

Land boundaries:
total: 14,103 km
border countries: Bangladesh 4,053 km, Bhutan 605 km, Burma 1,463 km, China 3,380 km, Nepal 1,690 km, Pakistan 2,912 km

Coastline:
7,000 km

Maritime claims:
territorial sea: 12 nm
contiguous zone: 24 nm
exclusive economic zone: 200 nm
continental shelf: 200 nm or to the edge of the continental margin

Climate:
varies from tropical monsoon in south to temperate in north

Terrain:
upland plain (Deccan Plateau) in south, flat to rolling plain along the Ganges, deserts in west, Himalayas in north

Elevation extremes:
lowest point: Indian Ocean 0 m
highest point: Kanchenjunga 8,598 m

Natural resources:
coal (fourth-largest reserves in the world), iron ore, manganese, mica, bauxite, rare earth elements, titanium ore, chromite, natural gas, diamonds, petroleum, limestone, arable land

 

[kickok1975]

People, Brazil

Population:
203,429,773
country comparison to the world: 5
note: Brazil conducted a census in August 2000, which reported a population of 169,872,855; that figure was about 3.8% lower than projections by the US Census Bureau, and is close to the implied underenumeration of 4.6% for the 1991 census (July 2011 est.)

Age structure:
0-14 years: 26.2% (male 27,219,651/female 26,180,040)
15-64 years: 67% (male 67,524,642/female 68,809,357)
65 years and over: 6.7% (male 5,796,433/female 7,899,650) (2011 est.)

Median age:
total: 29.3 years
male: 28.5 years
female: 30.1 years (2011 est.)

Population growth rate:
1.134% (2011 est.)
country comparison to the world: 105

Birth rate:
17.79 births/1,000 population (2011 est.)
country comparison to the world: 110

Death rate:
6.36 deaths/1,000 population (July 2011 est.)
country comparison to the world: 152

Net migration rate:
-0.09 migrant(s)/1,000 population (2011 est.)
country comparison to the world: 120

Urbanization:
urban population: 87% of total population (2010)
rate of urbanization: 1.1% annual rate of change (2010-15 est.)

Major cities - population:
Sao Paulo 19.96 million; Rio de Janeiro 11.836 million; Belo Horizonte 5.736 million; Porto Alegre 4.034 million; BRASILIA (capital) 3.789 million (2009)

Sex ratio:
at birth: 1.05 male(s)/female
under 15 years: 1.04 male(s)/female
15-64 years: 0.98 male(s)/female
65 years and over: 0.73 male(s)/female
total population: 0.98 male(s)/female (2011 est.)

Infant mortality rate:
total: 21.17 deaths/1,000 live births
country comparison to the world: 93
male: 24.63 deaths/1,000 live births
female: 17.53 deaths/1,000 live births (2011 est.)

Life expectancy at birth:
total population: 72.53 years
country comparison to the world: 125
male: 68.97 years
female: 76.27 years (2011 est.)

Total fertility rate:
2.18 children born/woman (2011 est.)
country comparison to the world: 109

 

[kickok1975]

Poeple, India

1,189,172,906 (July 2011 est.)
country comparison to the world: 2

Age structure:
0-14 years: 29.7% (male 187,450,635/female 165,415,758)
15-64 years: 64.9% (male 398,757,331/female 372,719,379)
65 years and over: 5.5% (male 30,831,190/female 33,998,613) (2011 est.)

Median age:
total: 26.2 years
male: 25.6 years
female: 26.9 years (2011 est.)

Population growth rate:
1.344% (2011 est.)
country comparison to the world: 87

Birth rate:
20.97 births/1,000 population (2011 est.)
country comparison to the world: 85

Death rate:
7.48 deaths/1,000 population (July 2011 est.)
country comparison to the world: 117

Net migration rate:
-0.05 migrant(s)/1,000 population (2011 est.)
country comparison to the world: 118

Urbanization:
urban population: 30% of total population (2010)
rate of urbanization: 2.4% annual rate of change (2010-15 est.)

Major cities - population:
DELHI (capital) 21.72 million; Mumbai 19.695 million; Kolkata 15.294 million; Chennai 7.416 million; Bangalore 7.079 million (2009)

Sex ratio:
at birth: 1.12 male(s)/female
under 15 years: 1.13 male(s)/female
15-64 years: 1.07 male(s)/female
65 years and over: 0.91 male(s)/female
total population: 1.08 male(s)/female (2011 est.)

Infant mortality rate:
total: 47.57 deaths/1,000 live births
country comparison to the world: 51
male: 46.18 deaths/1,000 live births
female: 49.14 deaths/1,000 live births (2011 est.)

Life expectancy at birth:
total population: 66.8 years
country comparison to the world: 162
male: 65.77 years
female: 67.95 years (2011 est.)

Total fertility rate:
2.62 children born/woman (2011 est.)
country comparison to the world: 80

 

[kickok1975]

Economy, Brazil

Characterized by large and well-developed agricultural, mining, manufacturing, and service sectors, Brazil's economy outweighs that of all other South American countries, and Brazil is expanding its presence in world markets. Since 2003, Brazil has steadily improved its macroeconomic stability, building up foreign reserves, and reducing its debt profile by shifting its debt burden toward real denominated and domestically held instruments. In 2008, Brazil became a net external creditor and two ratings agencies awarded investment grade status to its debt. After record growth in 2007 and 2008, the onset of the global financial crisis hit Brazil in September 2008. Brazil experienced two quarters of recession, as global demand for Brazil's commodity-based exports dwindled and external credit dried up. However, Brazil was one of the first emerging markets to begin a recovery. Consumer and investor confidence revived and GDP growth returned to positive in 2010, boosted by an export recovery. Brazil's strong growth and high interest rates make it an attractive destination for foreign investors. Large capital inflows over the past year have contributed to the rapid appreciation of its currency and led the government to raise taxes on some foreign investments. President Dilma ROUSSEFF has pledged to retain the previous administration's commitment to inflation targeting by the Central Bank, a floating exchange rate, and fiscal restraint.

GDP (purchasing power parity):
$2.194 trillion (2010 est.)
country comparison to the world: 8
$2.041 trillion (2009 est.)
$2.045 trillion (2008 est.)
note: data are in 2010 US dollars

GDP (official exchange rate):
$2.024 trillion (2010 est.)

GDP - real growth rate:
7.5% (2010 est.)
country comparison to the world: 19
-0.2% (2009 est.)
5.1% (2008 est.)

GDP - per capita (PPP):
$10,900 (2010 est.)
country comparison to the world: 104
$10,300 (2009 est.)
$10,400 (2008 est.)
note: data are in 2010 US dollars

GDP - composition by sector:
agriculture: 6.1%
industry: 26.4%
services: 67.5% (2010 est.)

Labor force:
103.6 million (2010 est.)
country comparison to the world: 6

Labor force - by occupation:
agriculture: 20%
industry: 14%
services: 66% (2003 est.)

Unemployment rate:
7% (2010 est.)
country comparison to the world: 72
8.1% (2009 est.)

Population below poverty line:
26% (2008)

Household income or consumption by percentage share:
lowest 10%: 1.1%
highest 10%: 43% (2007)

Distribution of family income - Gini index:
56.7 (2005)
country comparison to the world: 10
60.7 (1998)

Budget:
revenues: $464.4 billion
expenditures: $552.6 billion (2010 est.)

Public debt:
60.8% of GDP (2010 est.)
country comparison to the world: 31
59.5% of GDP (2009 est.)

Inflation rate (consumer prices):
4.9% (2010 est.)
country comparison to the world: 137
4.9% (2009 est.)

 

[kickok1975]

Economy, India

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. Merchandise exports, which account for about 15% of GDP, returned to pre-financial crisis levels. An industrial expansion and high food prices, resulting from the combined effects of the weak 2009 monsoon and inefficiencies in the government's food distribution system, fueled inflation which peaked at about 11% in the first half fo 2010, but has gradually decreased to single digits following a series of central bank interest rate hikes. New Delhi in 2010 reduced subsidies in fuel and fertilizers, sold a small percentage of its shares in some state-owned enterprises and auctioned off rights to radio bandwidth for 3G telecommunications in part to lower the government's deficit. The Indian Government seeks to reduce its deficit to 5.5% of GDP in FY 2010-11, down from 6.8% in the previous fiscal year. India's long term challenges include widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, insufficient access to quality basic and higher education, and accommodating rural-to-urban migration.

GDP (purchasing power parity):
$4.046 trillion (2010 est.)
country comparison to the world: 5
$3.736 trillion (2009 est.)
$3.478 trillion (2008 est.)
note: data are in 2010 US dollars

GDP (official exchange rate):
$1.43 trillion (2010 est.)

GDP - real growth rate:
8.3% (2010 est.)
country comparison to the world: 12
7.4% (2009 est.)
7.4% (2008 est.)

GDP - per capita (PPP):
$3,400 (2010 est.)
country comparison to the world: 163
$3,200 (2009 est.)
$3,000 (2008 est.)
note: data are in 2010 US dollars

GDP - composition by sector:
agriculture: 16.1%
industry: 28.6%
services: 55.3% (2010 est.)

Labor force:
478.3 million (2010 est.)
country comparison to the world: 2

Labor force - by occupation:
agriculture: 52%
industry: 14%
services: 34% (2009 est.)

Unemployment rate:
10.8% (2010 est.)
country comparison to the world: 118
10.7% (2009 est.)

Population below poverty line:
25% (2007 est.)

Household income or consumption by percentage share:
lowest 10%: 3.6%
highest 10%: 31.1% (2005)

Distribution of family income - Gini index:
36.8 (2004)
country comparison to the world: 79
37.8 (1997)

Budget:
revenues: $170.7 billion
expenditures: $257.4 billion (2010 est.)

Public debt:
55.9% of GDP (2010 est.)
country comparison to the world: 45
57.3% of GDP (2009 est.)

Inflation rate (consumer prices):
11.7% (2010 est.)
country comparison to the world: 202
10.9% (2009 est.)

 

[Armand2REP]

France has nearly twice the GDP of Brasil a couple years ago so how do they overtake France?

 

[kickok1975]

Military, Brazil

Brazilian Army (Exercito Brasileiro, EB), Brazilian Navy (Marinha do Brasil (MB), includes Naval Air and Marine Corps (Corpo de Fuzileiros Navais)), Brazilian Air Force (Forca Aerea Brasileira, FAB) (2010)

Military service age and obligation:
21-45 years of age for compulsory military service; conscript service obligation - 9 to 12 months; 17-45 years of age for voluntary service; an increasing percentage of the ranks are "long-service" volunteer professionals; women were allowed to serve in the armed forces beginning in early 1980s when the Brazilian Army became the first army in South America to accept women into career ranks; women serve in Navy and Air Force only in Women's Reserve Corps (2001)

Manpower available for military service:
males age 16-49: 53,350,703
females age 16-49: 53,433,918 (2010 est.)

Manpower fit for military service:
males age 16-49: 38,993,989
females age 16-49: 44,841,661 (2010 est.)

Manpower reaching militarily significant age annually:
male: 1,733,168
female: 1,672,477 (2010 est.)

Military expenditures:
1.7% of GDP (2009)
country comparison to the world: 87

 

[kickok1975]

Military, India

Army, Navy (includes naval air arm), Air Force, Coast Guard (2011)

Military service age and obligation:
17 years 6 months of age for voluntary military service; no conscription; women may join as officers, but for noncombat roles only (2010)

Manpower available for military service:
males age 16-49: 319,129,420
females age 16-49: 296,071,637 (2010 est.)

Manpower fit for military service:
males age 16-49: 249,531,562
females age 16-49: 240,039,958 (2010 est.)

Manpower reaching militarily significant age annually:
male: 12,151,065
female: 10,745,891 (2010 est.)

Military expenditures:
2.5% of GDP (2006)
country comparison to the world: 62

 

[kickok1975]

France has nearly twice the GDP of Brasil a couple years ago so how do they overtake France?

Brazil is Now World's Fifth Largest Economy

Added by: Liam Bailey | March 25th, 2011

Brazil became the fifth largest economy in the world at the end of 2010, and though it was predicted to achieve this the actual realization has come much sooner than expected, in fact it's six years earlier than projections outlined by

President Lula in 2009. It's partly due to the strength of the Real, the Brazilian currency, and partly due to the spectacular GDP growth. This means its economy is now slightly larger than Britain and France.

Last year's GDP growth was 7.5%, and although it's unlikely to be that strong this year analysts are still predicting it to the in the 4% to 5% range.

The country has benefited from low inflation which enabled it to shrug off the global crisis, but some analyst's think that the currency is overvalued and that measures need to be taken to reduce government spending.

It seems as if Brazil is no longer just an emerging market but is fully established and that it offers excellent investment opportunities. The country was a founding member of Mercosul which is a Latin American trade agreement designed to facilitate world trade.

It is hosting the World Cup in 2014 and the Olympic Games in 2016 and the government is due to spend $32 billion on the infrastructure for these events while another $18 billion is being spent on a high-speed rail link between Rio and São Paulo.

The new airport is being built at the city of Sao Goncalo which is near to Natal, an area which is of increasing interest to international investors. It is one of the safest regions in Brazil and there are a number of new developments here which purport to offer investors high rental yields.

 

[kickok1975]

Brazil's February Industrial Output Rises 1.9%, Fastest Pace in 11 Months

By Alexander Ragir and Matthew Bristow - Apr 1, 2011 6:56 AM MT
inShare.5More

Business ExchangeBuzz up!DiggPrint Email .Brazil's industrial production rose at the fastest pace in 11 months in February, suggesting that Latin America's biggest economy may be slowing less than the central bank expected.

Output rose 1.9 percent in February from January and 6.9 percent from the same month a year earlier, the national statistics agency said. Economists surveyed by Bloomberg forecast a monthly gain of 0.9 percent and an annual rise of 5.0 percent. February's output results compare with January's 0.2 percent monthly gain and 2.5 percent year-on-year rise.

The faster-than-expected expansion runs counter to the central bank's view that the economy is cooling, said Flavio Serrano, senior economist at Espirito Santo Investment Bank in Sao Paulo.

"It's a sign that the Brazilian economy remains quite strong," Serrano said, speaking by telephone from Sao Paulo.

Espirito Santo is sticking to its forecast that policy makers will raise borrowing costs 50 basis points, or 0.5 percentage point, this month, Serrano said.

The central bank cut its forecast for 2011 economic growth to 4 percent, from 4.5 percent, in its quarterly inflation report published March 30. Economists covering the Brazilian economy cut their 2011 growth forecast to 4 percent in a central bank survey published March 28, down from 4.6 percent at the start of February.

The yield the interest-rate future contract due January 2012, the most traded today in Sao Paulo, rose five basis points, or 0.05 percentage point, to 12.16 percent at 8:53 a.m. New York time. The real rose 0.4 percent to 1.6257 per U.S. dollar.

Data published March 16 show Brazil's economy may be cooling more slowly than analysts had expected. Brazil's economic activity index rose at its fastest pace in nine months in January.

Brazil's economy grew 7.5 percent last year, the fastest expansion since 1986. Policy makers have raised borrowing costs twice this year, pushing the Selic rate to 11.75 percent from 10.75 percent in December, to prevent the economy from overheating.

Traders are wagering that the central bank will raise borrowing costs by 25 basis points, or 0.25 percentage point, to 12 percent at its April 19-20 policy meeting, interest-rate futures contracts show.

Brazil's government plans to cut taxes on domestically manufactured tablet computers as part of a new industrial policy aimed at boosting production of high-end consumer technology goods, Communications Minister Paulo Bernardo said on March 22.

 

[kickok1975]

What should you do, India? Let Brazil storm ahead or maintain the lead?

 

[jazzguy]

Geography, India

Southern Asia, bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan

Geographic coordinates:
20 00 N, 77 00 E

Map references:
Asia

Area:
total: 3,287,263 sq km
country comparison to the world: 7
land: 2,973,193 sq km
water: 314,070 sq km

Area - comparative:
slightly more than one-third the size of the US

Land boundaries:
total: 14,103 km
border countries: Bangladesh 4,053 km, Bhutan 605 km, Burma 1,463 km, China 3,380 km, Nepal 1,690 km, Pakistan 2,912 km

Coastline:
7,000 km

Maritime claims:
territorial sea: 12 nm
contiguous zone: 24 nm
exclusive economic zone: 200 nm
continental shelf: 200 nm or to the edge of the continental margin

Climate:
varies from tropical monsoon in south to temperate in north

Terrain:
upland plain (Deccan Plateau) in south, flat to rolling plain along the Ganges, deserts in west, Himalayas in north

Elevation extremes:
lowest point: Indian Ocean 0 m
highest point: Kanchenjunga 8,598 m

Natural resources:
coal (fourth-largest reserves in the world), iron ore, manganese, mica, bauxite, rare earth elements, titanium ore, chromite, natural gas, diamonds, petroleum, limestone, arable land

India has 6,000,000 sq km of land area including Tibet, Xinjiang and Mongolia grabbed by China in 1962. Our GDP is higher than Brazil if we include output from Indian oversea factories (especially from Indian Inc. in China where we use Chinese cheap labor cost.)

 

[Armand2REP]

Brazil is Now World's Fifth Largest Economy

7.5% growth comes nowhere close to overtaking France. French GDP is worth $2.8 trillion while Brazil is worth $1.6 trillion.

 

[pmaitra]

India has 6,000,000 sq km of land area including Tibet, Xinjiang and Mongolia grabbed by China in 1962. Our GDP is higher than Brazil if we include output from Indian oversea factories (especially from Indian Inc. in China where we use Chinese cheap labor cost.)

You mean Aksai Chin and Shaksgam right? The names you mentioned were never claimed by India AFAIK.

 

[SHASH2K2]

India has 6,000,000 sq km of land area including Tibet, Xinjiang and Mongolia grabbed by China in 1962. Our GDP is higher than Brazil if we include output from Indian oversea factories (especially from Indian Inc. in China where we use Chinese cheap labor cost.)

Will you please stop you mindless brain farts in almost every thread. If you cannot contribute positively then stop spoiling threads.

 

[pmaitra]

The title of the thread is: India Vs Brazil, which one is stronger?

Now, look at the image below. Who are adjacent to India? PRC and Russian Federation. Why should one not compare India with PRC or Russian Federation but jump right onto Brazil? Beats me!

What should you do, India? Let Brazil storm ahead or maintain the lead?

 

[kickok1975]

7.5% growth comes nowhere close to overtaking France. French GDP is worth $2.8 trillion while Brazil is worth $1.6 trillion.

Here is France GDP figure. Compare to France, Brazil is surpassing in purchasing power and not far at exchange rate

GDP (purchasing power parity):
$2.16 trillion (2010 est.)
country comparison to the world: 10

$2.126 trillion (2009 est.)
$2.18 trillion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
GDP (official exchange rate):
$2.555 trillion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
1.6% (2010 est.)
country comparison to the world: 165

-2.5% (2009 est.)
0.1% (2008 est.)
[see also: GDP - real growth rate country ranks ]

 

[kickok1975]

The title of the thread is: India Vs Brazil, which one is stronger?

Now, look at the image below. Who are adjacent to India? PRC and Russian Federation. Why should one not compare India with PRC or Russian Federation but jump right onto Brazil? Beats me!

The reason is Brazil's official GDP on exchage rate is already 40% higher than that of India. (2.024 trillion vs. 1.43 trillion). The above picture is based on purchasing power which is highly arguable. It's a wake up call for India