trackwhack
Senior Member
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- Jul 20, 2011
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You just keep hoping son. We are the fastest growing sustainable economy, soon to become the fastest growing economy. Obviously 10 years of 8% growth without having to resort to authoritative governance and despite large scale corruption has not convinced you that we are here to stay and in due course lead.India is not 8th on the nominal GDP list, she was no.9 or no.10 on the 2010 list. Now with rupee losing like 20% of its value the past year, India's GDP probably has fallen out of the top 10 for 2011.
Guys here are predictably optimistic (when it comes to making predictions), but just to serve a reminder: til this day only countries with pale-skinned people (of northern european origins and north-eastern asian origins) have managed to industrialize, no exceptions. Also a little observation, among ASEAN countries whose economies are invariably controlled by chinese, GDP per capital is directly proportional to the percentage of ethnical chinese of the local population.
Chinese popl as percentage Nominal GDP per capital
Singapore 74% $50000
Malaysia 23.7% $8000
Thailand 14% $5000
Indonesia 3% $3000
Cambodia 1% $1000
All those lofty predictions for India might just come true, but its an uphill battle I would not bet on.
You just keep on hoping son.