Making India an Upper Middle Income Economy, a High Income Economy in long term

[skywatcher]

What's ur retarded obsession with caste
Just look at the benefits so called low caste people get even after being uplifted for more than 50 years that is they still enjoy the privileges in name of most draconian system called Reservation
Go ahead do some research retard and think of staying and developing in this society with Reservation I bet ur rectum shiting every moment thinking about it

I'm not even interested in it. Why would I be obsessed?

In my 2717 posts over the last three years. How many times did I mention the word caste?

 

[RedHood108]

Absolutely, as I said it takes in a less blatant and more delicate and subtle way. View attachment 221323It's like you're saying: Look, that Indian guy is UK's prime minister. View attachment 221324 So there's no racism against Indians in UK.View attachment 221325Really? View attachment 221326

Yes Racism will still exist in some form. But the system & the society at large isn't geared to deprive the individual from any of the privileges enjoyed by his fellow countrymen, just because of his identity.

 

[Indx TechStyle]

Yes, at what cost? Or more specifically, with what margin?
The rise of China has significantly impacted the world energy and raw materials market. If another 1.4 billion people joins the game, you can imagine how Westerners are going to scream. Even Americans will probably say good bye to their cheap price era.

The percentage of global energy markets China has affected and available resources explain that. Both China and West are far from consuming much as to leave no resources for India. Cost shall remain much as it is for others since India is drawing them out of conflict.

 

[omaebakabaka]

The percentage of global energy markets China has affected and available resources explain that. Both China and West are far from consuming much as to leave no resources for India. Cost shall remain much as it is for others since India is drawing them out of conflict.

China is too stupid to go for western defined growth model, Bharat should think original and follow the growth curve that is in harmony with its indigenous views....consumerism in pure sense as growth is utter disaster for society. You can see the consequence of that in China, Japan, KOrea and their abysmal birth rates and so on....collective stupidity is a bad measurement.

 

[no smoking]

The percentage of global energy markets China has affected and available resources explain that. Both China and West are far from consuming much as to leave no resources for India.

Then, what do you think that is going to happen when another 1.4b people to join the game? Someone will have to suffers. Since we are all in the same market, China won't be the only one to take the hit and China won't be the one taking the majority of the impact.

Certainly it is in India's right to chase the resources from world markets for her own survival, but the result for the west is the ame.

Cost shall remain much as it is for others since India is drawing them out of conflict.

How is that? India is joining the game, became a new player, not someone quite out to leave the room for India. The demand is there, won't disappear. In other words, the demand will increase but the supply won't increase in short term. So, the price will increase, which means the cost for other department will increase.

The only way to increase the supply is to exploit those area currently not so economically viable, which means the exploiting cost will grow. Eventually, the price will still go up.

 

[no smoking]

China is too stupid to go for western defined growth model, Bharat should think original and follow the growth curve that is in harmony with its indigenous views....consumerism in pure sense as growth is utter disaster for society.

Kid, this growth model is called industrialization. India is going through the same path, but she is just in the early stage of the consumerism. Be patient, if Modi's policies succeed, you will be there too.

You can see the consequence of that in China, Japan, KOrea and their abysmal birth rates and so on....collective stupidity is a bad measurement.

The low birth rate is the result of industrialization. If you look at the western world, the same problem has been existing for quite long time. The problem of East Aisa is that the industrialization in this area is too quick. In the case of India, with the development of industrialization, the same problem will be even worse because the competition she is facing is much fiercer than China was in her early stage. Just look at the below, so, don't worry, you will be there too.

 

[Blademaster]

There're two types of standards here. The patriotic Indian standards and not-so patriotic Indian standards. People are saying I'm being sarcastic and full of mockery. I would say they're just lacking sense of humor.View attachment 221312

No you are not. You are just trolling and being a smart ass about it. You have worn out your welcome. Get the fuck outta here.

 

[RedHood108]

Kid, this growth model is called industrialization. India is going through the same path, but she is just in the early stage of the consumerism. Be patient, if Modi's policies succeed, you will be there too.



The low birth rate is the result of industrialization. If you look at the western world, the same problem has been existing for quite long time. The problem of East Aisa is that the industrialization in this area is too quick. In the case of India, with the development of industrialization, the same problem will be even worse because the competition she is facing is much fiercer than China was in her early stage. Just look at the below, so, don't worry, you will be there too.

View attachment 221376

No this ain't called Industrialization, it's called Investment led Growth. Which doesn't have to be particularly directed to industries only. Here the Government incentivises the Production as well as the consumption in order to maximize growth.

What the Government of lndia has followed for long is Demand led Growth, primarily because of fiscal constraints. Here the Government mostly incentivises consumption, with the hopes of increase in total output in the long run.

But with the availability of cheap Chinese products in the market, that output has been taken up by the Chinese Economy. With the systematic de-industrialization of several countries, that follows the policy of Laissez-faire.

India was much more self realiant industrially in several sector before the LPG reforms of 1991. It was the absence of private enterprises that pay sufficient taxes & an export market for our products, combinationed with the high fuel prices due to Gulf war, that led to the reform.

So no, it's not just "industrialization", Japan, USA & many other countries has gone through a systematic de-industrialization over the years, to make way for China, even though they got richer GDP wise.

World Steel production >

The current government is trying to take back that lost ground through the PLI scheme & blocking Chinese imports (automotive & IT hardware)

 

[RedHood108]

No this ain't called Industrialization, it's called Investment led Growth. Which doesn't have to be particularly directed to industries only. Here the Government incentivises the Production as well as the consumption in order to maximize growth.

What the Government of lndia has followed for long is Demand led Growth, primarily because of fiscal constraints. Here the Government mostly incentivises consumption, with the hopes of increase in total output in the long run.

But with the availability of cheap Chinese products in the market, that output has been taken up by the Chinese Economy. With the systematic de-industrialization of several countries, that follows the policy of Laissez-faire.

India was much more self realiant industrially in several sector before the LPG reforms of 1991. It was the absence of private enterprises that pay sufficient taxes & an export market for our products, combinationed with the high fuel prices due to Gulf war, that led to the reform.

So no, it's not just "industrialization", Japan, USA & many other countries has gone through a systematic de-industrialization over the years, to make way for China, even though they got richer GDP wise.

World Steel production >
View attachment 221391

The current government is trying to take back that lost ground through the PLI scheme & blocking Chinese imports (automotive & IT hardware)

A better chart to explains my position

Change in Global Manufacturing output >

We can see till early 2000s USA, EU, Japan were all in the game. But now it's just China & Rest of the World.

 

[omaebakabaka]

Kid, this growth model is called industrialization. India is going through the same path, but she is just in the early stage of the consumerism. Be patient, if Modi's policies succeed, you will be there too.



The low birth rate is the result of industrialization. If you look at the western world, the same problem has been existing for quite long time. The problem of East Aisa is that the industrialization in this area is too quick. In the case of India, with the development of industrialization, the same problem will be even worse because the competition she is facing is much fiercer than China was in her early stage. Just look at the below, so, don't worry, you will be there too.

View attachment 221376

I hope India figures it out differently as copying insanity does not make it better, India still has a chance while these countries a bit too late. Just like east asian's specially Chinese and Koreans give up their customs too fast while Indian's still do it our ways even after a millenium of foreign interference.....no wonder your women are so superficial. Japan fares a bit better but they would have been no different had it been not an island and on the periphery of Asia....so no, hopefully we will maintain our sanity and not copy the destructive aspects of western growth but only the positive ones.

 

[Marliii]

Lol now I know Chinese economy is in deep shit because of all these wumao bitching about it here . @skywatcher caste would be the last thing I would be worrying if I was you lol. Instead of constructing skyscrapers go and build old age homes you will need it

 

[no smoking]

I hope India figures it out differently as copying insanity does not make it better, India still has a chance while these countries a bit too late. Just like east asian's specially Chinese and Koreans give up their customs too fast while Indian's still do it our ways even after a millenium of foreign interference.....no wonder your women are so superficial. Japan fares a bit better but they would have been no different had it been not an island and on the periphery of Asia....so no, hopefully we will maintain our sanity and not copy the destructive aspects of western growth but only the positive ones.

Certainly it will be great if India can figure out an unique way that keep everything in balance. Success or failure, it will always be a good news for others. Just like India's "knowledge economy" 20 years ago, even though it failed, but at least other countries got room to develop. What if it succeeds? Other countries can have another option.
Go! India! Go!

 

[Marliii]

Certainly it will be great if India can figure out an unique way that keep everything in balance. Success or failure, it will always be a good news for others. Just like India's "knowledge economy" 20 years ago, even though it failed, but at least other countries got room to develop. What if it succeeds? Other countries can have another option.
Go! India! Go!

Mother fucker your population will become half of itself in 2100. I think you should worry more about your own

 

[FalconSlayers]

Not significantly though; following are the lower bounds for upper middle income economies as published by the World Bank;
2012 --> $4036
2013 --> $4086
2014 --> $4125
2015 --> $4126
2016 --> $4036
2017 --> $3956
2018 --> $3896
2019 --> $3996
2020 --> $4046
2021 --> $4096
2022 --> $4256
All in all, an increase of $ 220 over a course of 11 years.

 

[no smoking]

Mother fucker your population will become half of itself in 2100. I think you should worry more about your own

Kid, using F*** words doesn't make your argument valid. Sorry for your parent's effort of raising you as a decent person was wasted.
Anyway, we should worry about Chinese population shrinking. But India's problem is even worse: the AI, automation technologies will soon wipe out half of labor demand form manufacturing and service industries in next 20 years. So, think about the 10m India youth entering the labor market in next few decades, most of them will find themselves in competition with machines, or even robots. Good luck!

 

[RoaringTigerHiddenDragon]

Kid, this growth model is called industrialization. India is going through the same path, but she is just in the early stage of the consumerism. Be patient, if Modi's policies succeed, you will be there too.



The low birth rate is the result of industrialization. If you look at the western world, the same problem has been existing for quite long time. The problem of East Aisa is that the industrialization in this area is too quick. In the case of India, with the development of industrialization, the same problem will be even worse because the competition she is facing is much fiercer than China was in her early stage. Just look at the below, so, don't worry, you will be there too.

View attachment 221376

Many fallacies here.
1. technology does not remain the same. What is done one way today is done a different way tomorrow. - —Tomorrow we may have fusion reactors or india might have developed thorium reactors finally. A new way to build electronics which consume a lot less power might be built.
- solar might improve to the point it becomes highly reliable and maybe solar cells will generate more power per same area just like moore’s law. India might be solarified everywhere.
- lithium batteries could be replaced by sodium which is highly volatile but new tech might be discovered to manage it. Sodium is easily obtained from sea salt. India has plenty of it.

2. Next, india has a huge services industry with high income jobs and this sector is growing rapidly. India has the most Grade A office space in Asia after Japan. Shows you how big the services industry is. China cannot compete here. Expect a lot of high end services jobs to be done out of India.

3. Nuclear power trade. India can also deploy nuclear reactors everywhere as we have a huge coastline and we can dot the coasts with nuclear reactors. We can also build nuclear reactors in the Andamans and sell power to ASEAN making them dependent on us.

At the end of the day access to cheap money and cheap energy can develop path breaking technologies and india is on its way there.

 

[RoaringTigerHiddenDragon]

Kid, using F*** words doesn't make your argument valid. Sorry for your parent's effort of raising you as a decent person was wasted.
Anyway, we should worry about Chinese population shrinking. But India's problem is even worse: the AI, automation technologies will soon wipe out half of labor demand form manufacturing and service industries in next 20 years. So, think about the 10m India youth entering the labor market in next few decades, most of them will find themselves in competition with machines, or even robots. Good luck!

AI wiping out jobs is a fantasy. Not going to happen anytime soon. Countries will put tariffs on goods manufactured by robots to equalize with human labor. You are oversimplifying things.

 

[Indx TechStyle]

There is no country with a $2,500, $5,000 or $10,000 per capita income that has a market like India: Ashish Chauhan

 

[Indx TechStyle]

Let a middle-class boom fend off a middle-income trap

 

[FalconSlayers]

Since this year Human Development Index didn't come out surprisingly, I tried calculating it myself.

Mean years of schooling in India in 2021 was 6.7 years

Expected years of schooling in India in 2021 (report released in 2022) was 11.9 years

Life expectancy this year at 70.42 years

GNI per capita PPP in 2022 at $8230

Result is 0.66

In 2021 it dropped mainly due to drop in life expectancy, rest due to drop in GNI per capita and mean and expected years of school.




If I use pre-pandemic numbers of expected years of schooling and 2023 GNI per capita PPP numbers leaving rest constant it comes at...

In 2024 we can expect a GNI per capita PPP of around $10,000
HDI comes at 0.67458


We're close to High human development countries club.