BRICS, E7 Economies, and IBSA

[santosh10]

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i have prepared a post regarding changing India as below, which may have a place here too, i think :thumb:
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=> Literacy Rate

here the comparison is based on 347 million population in 1947 to 1.25 billion people by 2011. here we find, Youth Literacy Rate might have reached 90%+ by 2015, as we had almost 95%+ attendance of kids in schools since 1997

When the British rule ended in India in the year 1947 the literacy rate was just 12%. Over the years, India has changed socially, economically, and globally. After the 2011 census, literacy rate India 2011 was found to be 74.04%. Compared to the adult literacy rate here the youth literacy rate is about 9% higher.

census2011.co.in/literacy.php

Literacy Rate of India - Population Census 2011

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=> Per Capita Income of India

Considering the method which was in application till 2006, by both World Bank and IMF

British Left around 2% to 5% rich and rest poor in 1947, out of total 347 million population in 1947, while we now have around 350 million Middle Class of India whose Per Capita Income is well over $20,000+ on PPP now, similar to Very High HDI countries like Argentina, Poland, Saudi Arabia etc

We have new GDP Per Capita on PPP calculation for India by 2015, as below:

now poverty of India is because of its over population. Most of the problems of India is because of its Over Population and India has to reduce its population only. otherwise India has around 350mil Upper Middle Class, more than total population in 1947, whose per capita income on PPP is similar to the Very High HDI countries like Argentina, Poland, Saudi Arabia etc. one day I calculated as below:-

first, we find GDP on PPP of India was $5.2tn in 2013 but its still manipulated by the US/UK since 2007. as, till 2006, we had a different way of measuring GDP on PPP which used to include "estimated undocumented" part of GDP also. and I remember, this way GDP of high population 'developing' countries was around 50% to 80% higher, and for the middle order countries like Brazil/Turkey it was around 10% to 25% higher. and for the developed nations, the difference was hardly around 1% to 3% by that "Old Method" which was in application till 2006, by IMF and World Bank both. like as below:

"There are, however, practical difficulties in deriving GDP at PPP, and we now have two different estimates of the PPP conversion factor for 2005, India's GDP at PPP is estimated at $ 5.16 trillion or $ 3.19 trillion depending on whether the old or new conversion factor is used," it said.

//timesofindia.indiatimes.com/business/india-business/Its-official-Indias-a-trillion-economy/articleshow/2824078.cms?referral=PM

It's official: India's a trillion-$ economy - The Times of India

means, GDP of India on PPP was already $5.16tn in 2007, higher than Japan that year, making it the 3rd Largest Economy on PPP by 2007 itself this way.

again we have India's growth rate since 2007 as below:

tradingeconomics.com/india/gdp-growth-annual

India GDP Annual Growth Rate | 1951-2014 | Data | Chart | Calendar

here we find, "Average Growth Rate" of India from first quarter of 2008 till the December quarter 2015, stood at around 7.2%, on 'annual' basis. hence considering GDP on PPP of India at $5.16tn in 2007 by Old Method as above, with the estimated 6.5% growth by 2015, we may calculate its value by 2015, after 8 years since early 2008, as below:

hindustantimes.com/Images/popup/2015/2/10_02_15-metro13a.jpg

GDP on PPP of India by end 2015 = 5.16*1.067*1.086*1.089*1.067*1.051*1.069*1.074*1.065= $8.93 trillion on PPP

but we would also get to know that PPP value consider value of goods and services in US$ term, means we would also include the factor of inflation of United States also. and if we consider average 1.5% inflation of US for these 8 year in between early 2008 to 2015, with considering an overall factor of just 1.1 this way, then GDP on PPP of India comes around = 8.93*1.1 = $9.82tn by 2015. and it still hasn't included 'Value Added' effects........
(also its true that "undocumented part" of GDP might not have registered a similar growth, but most of the economics data's are based on 'estimate' only, its also very true.)

again, we know that share of agriculture would be around 17.0% in India's GDP in 2015. therefore, we find share of agriculture in indian economy, 0.17 * 9.82= $1.7 trillions (around), on which 50% population of india is dependent. means around 600mil people based on agriculture in india have per capita income around = $3,000 on PPP by 2015 this way, which is itself similar to the better side of Lower Order Countries like Bangladesh.....
this way, 9.82 - 1.70 = $8.12tn is left for rest of 600mil people based in industry and service in India, with per capita income of around $13,600 on PPP which is higher than Middle Order Countries like Brazil, South Africa etc..........

cia.gov/library/publications/the-world-factbook//rankorder/2004rank.html

The World Factbook

again, we have news that 25% of the population of cities are either in slum or in bit better condition only. so we would consider per capita income of 300mil living in cities in low condition at hardly $3,000 which takes a share of $900 billion from its GDP. hence we are then left with around 8.12 - 0.9 = $7.22 trillions for the rest of 300 mil people living in cities, the so called Middle Class of India with per capita income around $25,000 on PPP this way.

but it is estimated that out of total 600mil people based in agriculture sector, it also has around 50mil Lower Middle Class with Per Capita Income around $15,000 on PPP. (as we know that agriculture has higher share of 'undocumented' part of GDP. with that, Agriculture also has higher share of non-taxable business of India.) Hence, we find total middle class of India around 350mil with per capita income around $22,000+ on PPP which is similar to Very High HDI countries like Argentina, Poland etc, which is more than total population of India at the time of freedom in 1947 :tup:
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=>

Most Expansive Places of World

5th Moscow $17,566 per sq.m.

7th Singapore $16,350 per sq.m.

10th Mumbai $11,306 per sq.m. :ranger:

12th Sydney $8,774 per sq.m.

20th Shanghai $6,932 per sq.m.

29th Istanbul $4,569 per sq.m.

47th Dubai $3,393 per sq.m.

54th Bangkok $2,996

68th Kuala Lumpur $2,182 per sq.m.

73rd Jakarta $,2099

globalpropertyguide.com/most-expensive-cities

World's most expensive cities

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Mumbai, Delhi office rentals top Shanghai, New York

MUMBAI: Office rentals in Mumbai and Delhi continue to be among the highest in the world, beating the likes of New York, Washington or Shanghai despite a depreciating rupee. Renting office space in Mumbai and Delhi costs over $65 and nearly $73 per square meter a month, while the same costs $63 in New York $48 in Washington and $41 in Shanghai, property consultancy firm DTZ said in a report.

//articles.economictimes.indiatimes.com/2012-07-25/news/32848298_1_office-rentals-mumbai-and-delhi-property-consultancy-firm

Mumbai, Delhi office rentals top Shanghai, New York - Economic Times

 

[santosh10]

The literacy rate in India has risen to 73 per cent in comparison to 64.8 per cent in 2001. While male literacy rate stands at 80.9 per cent, which is 5.6 per cent higher than the previous census, the female literacy rate has been recorded at 64.6 per cent, an increase of 10.9 per cent since 2001.Apr 30, 2013. Theres different definitions of literacy.

hmmm, literacy rate of India was around 12% in 1947, at the time of freedom, while our current old aged people belongs to 50s to 70s when we hardly at around 20%+ literacy rate. and yes, women among them hardly had around 10%+ literacy rate during the 50s and 60s... so your figure does state the ground reality :thumb:

hence here as below, which state literacy rate of India at the time of Independence in 1947 to upto 2011, we find Youth Literacy rate of India must have been crossed 90%+ by 2015, as we had almost 95%+ attendance of kids in schools since 1997. the Youth, whose age range fall in between 16 to 24 year

When the British rule ended in India in the year 1947 the literacy rate was just 12%. Over the years, India has changed socially, economically, and globally. After the 2011 census, literacy rate India 2011 was found to be 74.04%. Compared to the adult literacy rate here the youth literacy rate is about 9% higher.

census2011.co.in/literacy.php

Literacy Rate of India - Population Census 2011

 

[santosh10]

The Industrialized India

; India has now entered among the Newly Industrialized nations as below:

//en.wikipedia.org/wiki/Newly_industrialized_country#Current_NICs

Newly industrialized country - Wikipedia, the free encyclopedia

India had overall 5.81% growth rate since 1951.....

India GDP Annual Growth Rate averaged 5.81 Percent from 1951 until 2013

tradingeconomics.com/india/gdp-growth-annual

We now have Industrialists as below too, who are building the nation. as we do know that our these honored Super Riches/ Billionaires don't have money in pocket, but they are Industrialists/ billionaires in terms of the industries they have to provide employment, generating taxes for the government which government use to help the common public itself, along with improving production line hence reducing cost of products, with introducing new technologies too through their industries, hence building the nation this way....

The report as below, mention around 115 Billionaires in India, as compare to hardly around 60 by Forbes. its because Forbes estimate only Share values, while the report as below includes, "shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets, according to Wealth-X...".

worldpropertyjournal.com/featured-columnists/wealth-x-billionaires-high-net-worth-individuals-larry-ellison-four-seasons-lanai-four-season-manele-bay-koele-lodge-uhnwi-6174.php

World's Billionaire Club Grows; Ultra Millionaires Lose Money - WORLD PROPERTY JOURNAL Global News Center

and here is the main report, as below.....

wealthx.com/articles/2011/wealth-x-world-ultra-wealth-report-2011/

Wealth-X World Ultra Wealth Report 2011-2012 | Wealth-X


Further to the above talks, BRIC economies as whole have their UHNWI estimate, with India's at around 8,200, is given in the article as below: :thumb:


=> BRIC Country Super-Rich Worth $4 Trillion

The future of wealth will be built with BRICs.

According to new data from Wealth-X, the wealth research and consulting firm, Brazil, Russia, India and China now have a combined 25,600 people with $30 million or more in net worth (which includes shares in publicly traded and closely held companies, residential and investment real estate, art, planes, cash and other investible assets).

That is about half the number of ultra-high-net individuals in the U.S., according to Wealth-X.

The BRIC ultrarich have a combined net worth of $4.125 trillion, compared to $6.4 trillion for the U.S.

//online.wsj.com/media/WealthXIntellBriefing042811_F.gif

What is most interesting about the BRIC data is the concentration of wealth at the very top of the wealth pyramid. In Russia, the nation's 80 billionaires account for 7% of the total population of people with a net worth of $30 million or more, but they own 84% of that group's $640 billion in wealth.

In Brazil, the nation's 50 billionaires account for less than 1% of the ultrarich population but a third of the group's $890 billion in wealth. India's 115 billionaires represent 1.4% of the total ultrarich population and 20% of the group's wealth of $945 billion.

China's billionaires account for 1% of the ultrarich and about a third of their wealth of $1.65 trillion.

The U.S., of course, isn't exactly a model of equity when it comes to billionaires and the ultra-rich. Its 450 billionaires account for less than one percent of the ultra-rich population but control 25% of the group's $6.4 trillion wealth.

But the fastest global growth in billionaires and their lesser ultra-rich aspirants will likely be from the BRICS rather than the U.S. or Europe.

"In Russia, as in other emerging markets"¦.billionaires and near-billionaires, followed in aggregate by the mass of ultra-high-net-worth will dominate wealth," according to Wealth-X.

Which country would you want to live in if you had a net worth of $30 million or more?

//blogs.wsj.com/wealth/2011/04/28/bric-country-super-rich-worth-4-trillion/

BRIC Country Super-Rich Worth $4 Trillion - The Wealth Report - WSJ

 

[santosh10]

Not impressed just The net worth of U.S. households and nonprofit organizations rose 14% last year, or almost $10 trillion, to $80.7 trillion, the highest on record, according to a Federal Reserve report released Thursday. Even adjusted for inflation using the Fed's preferred gauge of prices, U.S. household net worth—the value of homes, stocks and other assets minus debts and other liabilities—hit a fresh record.

U.S. Household Net Worth Hits Record High - WSJ

=> BRIC Country Super-Rich Worth $4 Trillion - The Wealth Report - WSJ

=> Wealth-X World Ultra Wealth Report 2011-2012 | Wealth-X

hmmm, while i do feel impressed when you compare US's and Indian businessmen, even in this language

around half of the billionaire list are American itself, what this means? but Indians do have some ranking here, and thats the discussion :thumb:

dont downgrade India if you find it having 120billionaires+ only as in the last post, showing strength of Indian market/buying power of its Middle class this way. but just have a look on the neighborhood India, example Pakistan+Bangladesh, not even one gentleman has a place there....
(Bangladesh+Pakistan with over 180million+ population is well compared to Brazil, but its only the "consumer/buying power", why businesses dont grow there.)

similarly half of the top 2000 largest firms are American, but even if you find 60+ Indian firms there, it does bring a credit considering nil from Indian neighborhood.... only 2 of Pakistani firm as below got a place :thumb:

forbes.com/global2000/

The World's Biggest Public Companies - Forbes
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house holds and non profits, not commercial are 80 trillion compared to 4.5 for BRICS don't brag about BRICs when you don't have anything to brag about.

its also because of exchange rate issue, 1.0US$ = 60+ Indian Rupees/Russian Ruble

but we generally talk, land/property prices of Mumbai-Delhi is more expansive to US/Australia, even in exchange rate term.

=> look, American firms pay tax to US's government on the profit they make in India/Asia too,

also, US's firms have a type of rule in world, traditionally, but they loosing their grip with rise of BRIC, its equally true.....

US's billionaires/turn over of their firms, doesn't show buying power of their consumers 'only', but its more about their business in whole world..... if we see Indian-Brazilian firms showing buying power of their home consumers, then its certainly not true in case of US's or Chinese firms too, who now have buyers in whole world :ranger:

 

[santosh10]

now poverty of India is because of its over population. Most of the problems of India is because of its Over Population and India has to reduce its population only. otherwise India has around 350mil Upper Middle Class, more than total population in 1947, whose per capita income on PPP is similar to the Very High HDI countries like Argentina, Poland, Saudi Arabia etc. one day I calculated as below:-

Over-Population Notes

World is changing and few points everyone knows on the world platform in today's world, no need to read articles, as below:

1st; High Population means high consumption of resources, and hence its higher prices for the people of whole world.

2nd; high energy consumption and hence higher green house gas emission, hence increasing Climate Change threats this way

3rd; High Subsidy to feed poor below poverty line, especially in case of India. which is possible only until its Middle Class may afford it. and we must avid that breaking point :tup:

4th; and, we also encourage a "Population Tax" on every second kid taking birth in a family, which may be denoted to World Bank/ Climate Change Organizations to reduce its effects. i mean, if you can't reduce population then at least pay something to reduce its effects on the world's Climate Change. and yes, this "Population Tax" on the 'non-first' child would be same for the people of whole world. :coffee:

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Few Key Points I always mention on this Topic as below:

these are my own ideas so it does require criticism by other members to make the topic interesting :thumb:

1st; if the poor of India ask the Western nations to share the burden of subsidies then they will simply kick these shiits of India, isn't it? and if its only Indian Middle Class who is generating money and running government and also paying heavy price for the welfare/subsidies for poor, then they do have a right to ask the Indian Government, "to what extent they will have to bear this burden of tax just to feed poor, and whether they will remain capable enough in future also to bear this burden on long run if the government doesn't control the population?????"

like the news as below, around 50% indian population is based in agriculture only, around 600mil, while even 200mil population may produce the same agriculture output? and the same in cities of India, around 50% people just try to earn a decent salary which they can't, simply because too many mouths and limited resources. and Indian Middle Class is just paying high price to feed these around 600mil 'excess' population, but still there is no effort to have a control on this growing population????

"As per statistics, India provides around Rs855 billion subsidy to its farmers to reduce their production cost, whereas Pakistan hardly spends Rs8 billion in this regard. India's agriculture production cost was around two to three times lower than Pakistan due to these subsidies," agriculture expert and Agri Forum Pakistan chairman, Ibrahim Mughal said.

[agricorner.com/mfn-status-to-ruin-agriculture-industry-alike/]MFN status to ruin agriculture, industry alike | Agriculture Corner]

2nd; here for example of Pakistan and Bangladesh, right now overly populated Pakistan is full of target killings, simply because too many mouth and no resources to feed them. its also similar to 'genocide' itself?????? and Bangladeshis just want to run from Bangladesh, mainly to India. its the worse to see people dying without dignity than controlling population by force........

Don't hold your breath: during a recent DPC rally in Karachi, speaker after speaker made it clear that their real enemies are India and America. This assembled galaxy clearly failed to notice the uncomfortable fact that over the last decade, well over 30,000 innocent civilians and 5,000 security personnel have been killed in terrorist attacks launched by jihadi militants.Such mundane truths often escape our religious brigade.

[dawn.com/news/696249/save-us-from-our-defenders]Save us from our defenders - DAWN.COM]

3rd; many economists of India advocate "food security"/ "free medicines"/ "right to get a job" etc in India which is not possible until the Indian government may control its population. they simply can't feed 1.25bil population from the limited natural resources they have . USA is 3 times bigger in area than India but population of India is 4 times to USA? and on the top of that, Indian government wants to give welfare/ heavy subsidies to its people? if India face a sudden fall like ASEAN in late 90s and South America like in 80s, all these they will have to withdraw after that so better they keep habit to live in less and get rid off the unnecessary subsidies/welfares . for example, we always find Pakistan increasing petrol and diesel prices as per market prices as they can't afford to give subsidies while the people of Pakistan are poorer than India, but Indian government always hesitate to do so? but the day India will reach level of Pakistan, just one good economic fall is required, and India will learn all by themselves.

4th; here we have report from world bank that around 60% people of India are living with income less than $2.0 per day, as below

here, how is it wise to have high population if you can't give them good life? how is it advisable to have more population this way???

=> [//data.worldbank.org/indicator/SI.POV.2DAY?order=wbapi_data_value_2011+wbapi_data_value+wbapi_data_value-last&sort=asc]Poverty headcount ratio at $2 a day (PPP) (% of population) | Data | Table]

5th; Population of India was hardly around 341 million at the time of freedom, in 1947, and we can't have more than 700 million people, and we need a national consensus on it.

and as Overpopulation of India is directly related to consumption of natural resources of the world. as, higher International price of natural resources, due to high demands from the high population countries, is applicable on whole world. high pollution and hence Climate Change due to high consumption of energy. reduced water level has also been caused in India due to the same high population and hence high demand reasons, hence India is directly answerable to the rest of the world about the measures it is adopting to reduce its population to 700 million, say by 2050

we can't let India become one of the reason for the destruction of this world, as the Earth belongs to every person of the world, regardless any nationality

6th; and here, first there is no control on the population, as much as India can have, and on the top of that, they want to feed them for nothing too

=> [//articles.economictimes.indiatimes.com/2013-07-09/news/40469205_1_food-security-bill-foodgrain-subsidies]At Rs 1,25,000 cr, Food Security Bill largest in world: Implementation a challenge, says Morgan Stanley - Economic Times]

 

[santosh10]

Rs 51.46 lakh cr to be allocated for infrastructure during 12th Plan
September 12, 2012

The Planning Commission is aiming at a total outlay of Rs 51.46 lakh crore in the infrastructure sector during the 12th Plan (2012-17), short of the earlier projection of $1 trillion (about Rs 55 lakh crore).

"The total investment during the 12th Plan is projected at Rs 51.46 lakh crore compared to Rs 27.74 lakh crore realised during the 11th Plan", a source privy to the development said.

While the public investment in the infrastructure sector is expected to decrease to 53.32 per cent in the 12th Plan from about 62.47 per cent in the previous Plan, the share of private sector is projected to increase to 46.68 per cent from 37.53 per cent.

Sources further said that infrastructure sector investment as percentage of the Gross Domestic Product (GDP) is expected to rise steadily to 10.40 per cent in the terminal year (2016-17) of the 12th Plan. :thumb:

The average investment in infrastructure sector for the 12th Plan as a whole is likely to be about 9.14 per cent of the GDP :thumb:, as compared to 7.22 per cent during the previous Plan. As per the details, the highest investment is envisaged in power sector at about Rs 15 lakh crore, roads follow at Rs 9.2 lakh crore, telecommunication at Rs 8.84 lakh crore and railways at Rs 4.56 lakh crore.

These proposals will be placed before the meeting of the Full Planning Commission to be chaired by Prime Minister Manmohan Singh on Saturday.

Although the Prime Minister in March 2010 had pegged the investment target for infrastructure sector during the 12th Plan at $1 trillion, the figures in dollar terms have to be revised in view of falling value of rupee. :thumb:

//profit.ndtv.com/news/politics/article-rs-51-46-lakh-cr-to-be-allocated-for-infrastructure-during-12th-plan-310726

 

[santosh10]

India needs to raise infrastructure spending to 10% of GDP

India needs to raise infrastructure spending to 10 per cent of GDP to achieve and sustain economic growth target of 9 per cent in the coming years.

"In order to sustain growth targets, this (investment in infrastructure) would need to increase further to over 10 per cent of GDP by 2017," IDFC Projects Ltd Managing Director Pradeep Singh said in a presentation at the annual meeting of Asian Development Bank here. :ranger:

India's infrastructure spending is 8 per cent of the Gross Domestic product, as against China's 9 per cent, he said. The country's GDP was $1.4 trillion at the end of March 2011.

Acknowledging that India has a long way to go in terms of meeting its infrastructure requirements, Singh said the 12th Five Year Plan (2012-17) envisages $1 trillion investment in the sector.

Of the total targeted investment, private sector is expected to invest $500 billion - with around $350 billion through debt and $150 billion of equity over next five years.

Domestic funding sources, Singh said, will not be sufficient to meet these needs.

However, during the 11th Plan period ended in March, investment in infrastructure sector fell short of its target of $500 billion.

Total investments during the past five years was about $425 billion, Singh said.

Despite the aggressive growth in last five years, India's basic infrastructure ranked 86th in Global Competitive Report-2010 by World Economic Forum, he pointed.

Projecting India as investment destination, State Bank of India Chairaman Pratip Chaudhuri said, in a separate presentation, that Qualified Foreign Investors were allowed to directly invest in Indian equity market in January.

Besides, he said, the overall FII investment limit in government securities and corporate bonds has been enhanced to $60 billion.

Chaudhuri also said India has a well regulated banking system, with 98 per cent of the banks fully computerised.

//articles.economictimes.indiatimes.com/2012-05-05/news/31586466_1_fii-investment-limit-investment-in-infrastructure-sector-trillion-investment

 

[santosh10]

here its worth mentioning, businesses within a country, which represent buying power of its domestic consumers to help the industries run, which are supported by the government's fund itself, as funded by the tax payers, using the domestic resources. so, any business based in India belongs of the tax payers/voters of this country, regardless who occupy whose bodies. like how we have news that now foreign nationals are occupying bodies of businessmen too....

forbes.com/india-billionaires/

We want "direct seize" of assets of all those 'Infiltrators', who entered in India under False Identity

Indian Tex Payers can make 1,000 Billionaires in every 5 years times. the money Indian government spend to develop infrastructure, which help any business grow here in India

further to discuss the above topic in a bit more clear way. "no business can be run if the key infrastructures like electricity, water supplies, world class roads, ports., airports etc. and other government supports are missing, which government provides by using tax money of Indian Tax payers. the money of over 400million+ strong middle class."

its all about living on the soil of India, whose property prices exceeds more than 90% OECD nations, and it comes by the hefty investments in this country first, as funded by their tax payers.....

the very first measure of infrastructure is, in fact, water supplies/Dams, and here we first have this infrastructure mainly since the time of Mr Nehru of 50s-60s.... the story of building infrastructure in India well goes back to before 1950 itself...

this country is, in fact, made in centuries, to build a culture of 'discipline'/character first, the high concentration on studies, hence building a 'responsible' society as whole

we want a complete take over of assets of those foreign infiltrators, who entered India under false identity, hence well recognized as an 'infiltrator' by any part of world

The Planning Commission is aiming at a total outlay of Rs 51.46 lakh crore in the infrastructure sector during the 12th Plan (2012-17), short of the earlier projection of $1 trillion (about Rs 55 lakh crore).

//profit.ndtv.com/news/politics/article-rs-51-46-lakh-cr-to-be-allocated-for-infrastructure-during-12th-plan-310726

However, during the 11th Plan period ended in March, investment in infrastructure sector fell short of its target of $500 billion.

Total investments during the past five years was about $425 billion, Singh said.

//articles.economictimes.indiatimes.com/2012-05-05/news/31586466_1_fii-investment-limit-investment-in-infrastructure-sector-trillion-investment

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=> Mr L. Mittal in UK is similar to foreign nationals/MNCs doing business in India

further to the above talk, we have example of Mr L. Mittal, the richest man of UK since mid last decade, an Indian citizen living in UK on a visa, 'only'. Mr Mittal, born and studied in India with having his true Indian-Hindu Identity by birth. the billionaire first moved to ASEAN region for doing business of steel industry, and move to UK/EU by mid 90s, just before financial crisis in ASEAN region. his investment in UK is similar to how US's firms doing business in India, foreign nationals working here in India under a proper visa- under the business contracts, Indian government has for the foreign investments... and hence, the Indian citizen, with Indian-Hindu as the true identity at the time of moving to UK by the mid 90s, Mr Mittal's wealth in UK-India-South Africa and in other parts of world is defended by the International Laws. similar to how foreign companies have every right on the money they invest here..... :thumb:

I have Australian passport with OCI status of India. and in such case, my salary in India is subjected to over 40% tax by the very first dollar, as per the laws of employment for a foreign nationals in India. under a certain law, we work on work visa in different countries, like how I have been working to date. and we consider our salary as the "after tax money" earned in different countries, on which we have every right, as per the laws me and my friends have been employed overseas :thumb:

foreign investments by the Industrialists like Mr B.Gates, Mr L.Mittal, Mr W.Buffet etc comes as per the contracts signed while doing their investments in other countries. while the home Industries are supported by the government supports- incentives-funds for the home industries, support for the sick industries to keep them above their break even, as funded by the Indian tax payers..... its similar to how Indian farmers get debt waiver in case of flooding etc. while the foreign investors bear their own risk, as per the contract signed at the time of foreign investments in other countries. US's nationals pay tax on their profit they make in other countries also, as their US's government support them in other countries too .....

"India with over 400million strong Middle Class, generate money, pay taxes, buy products-services within the country, hence helping businesses grow in India this way..... any business-service based in this country is supported by the government expanses, which is funded by the tax payers based here, by using the resources of this country."

 

[cobra commando]

India's investment climate better than BRIC peers: EY survey - IBNLive

 

[santosh10]

//ibnlive.com/news/indias-investment-climate-better-than-bric-peers-ey-survey/540915-7.html]India's investment climate better than BRIC peers: EY survey - IBNLive

thats we find closed to ground reality.

we find, along with increased investments in Infrastructure, India is home a pool of professionals at the cheapest labor cost too among all the BRIC at present.......

investment in Indian SEZs would a wiser decision considering growth in home buyer too :thumb:

 

[santosh10]

double post

 

[santosh10]

India's investment climate better than BRIC peers: EY survey

New Delhi: India has "better investment climate" than other BRIC nations even as regulatory and tax system-related challenges are impacting immediate investment plans, says a survey of top executives of German companies.

More than 90 CEOs and CFOs from leading German high-tech companies participated in the survey done by global consultancy EY and research firm Delphi.

Investors recognise India's market growth, large market size and efforts to attract FDI while the perceived obstacles, are its infrastructure, administration and regulation, the study said.

"India currently offers a better investment climate than other BRIC countries," the report said while adding that German companies are favourably inclined to invest in the Indian high-tech market.

BRIC comprises four countries -- Brazil, Russia, India and China.

"94 per cent of the surveyed CEOs and CFOs from leading German high-tech companies stated that India currently offers a better investment climate than other BRIC countries," it said.

The study has combined insights from expert interviews with existing market and economic data.

Delphi interviewed the top executives from German high-tech companies that are already operating in BRIC economies or are considering investments in the near future.

According to the study, several perceived challenges have been identified across all high-tech manufacturing sectors and investor groups, including companies starting a business, already operating in India and potential investors which operate in other BRIC countries.

They would require, among others, "improvement in infrastructure, simplification of regulatory procedures, liberalisation of FDI and simplification of the tax system".

As per the study, Indo-German collaboration in high-tech manufacturing can become an important part of the 'Make in India' initiative.

"Out of 13 high-tech Manufacturing sectors analysed, seven offer greatest convergence for Indo-German collaboration," it noted.

Automotive, civil aviation and airports, transportation infrastructure, water; renewable energy and heavy engineering are among the seven sectors. :ranger:

//ibnlive.in.com/news/indias-investment-climate-better-than-bric-peers-ey-survey/540915-7.html

 

[santosh10]

@Ray

Standing of BRIC's Firms in World

we have an update of listing of firms of BRIC economies on Forbes as below:

1st; The World's Most Innovative Companies - Forbes

The World's Most Innovative Companies List - Forbes

here we find 5 Indian firms having a place among the top 100 of world
.

2nd; Asia's Fab 50 Companies - Forbes

Asia's Fab 50 Companies - Forbes

here we see 12 Indian firms having a place in this above list of Asia's top 50
.

3rd; World's Largest 2000 Public Companies - Forbes

The World’s Biggest Public Companies List - Forbes
here we find 54 Indian firms having a place in the above list. and yes, Pakistan too from South Asia having 2 companies in the above list.....
.

4th; List of Industrialists of BRICS

=> The World's Billionaires - Forbes


we have for India as below. we find even the 100th ranked here, Radhakishan Damini, is expected to have at least $1.0billion in exchange rates terms
India's 100 Richest People - Forbes

here, we can't see anyone from the rest of South Asia region having a place in the list of world's billionaires. while the market size of Pakistan (population 190million) and Bangladesh (population 170million) is well closed to Brazil at population 200million.

(the Market Size of a country is defined by the number of consumers/buyers a country has, who then buy products-services within a country, pay taxes etc, to run the local industries. hence its mainly relate to the population of that country as whole....)

in a simple term, we find "Market Size", the businesses within a country, represents "Buying Power of the consumers" of a certain country. for Brazil's 200million population, its as below:

The World's Billionaires - Forbes


while when we talk about US's, or even Chinese firms, then its also about their buyers based in whole world, buying their products. so size of a firm of OECD countries also depends on their world wide buyers-consumers :coffee:

in fact, i don't see any of the Bangladeshi national getting a place in this list by even next decade, very less likely. but considering buying power of Pakistani Middle class consumers, i do expect a Pakistani national to have a place in this list by this decade, hopefully....

with regard to so poor indicators of Bangladesh, falls among the LDCs countries this way, we generally talk, it would take at least 20 years for Bangladesh to come to the level of Pakistan. except enter in India under false Indian-Hindu names, occupy high positions by bless of US-UK, no other credibility these people have within their own country.
.

=> Bangladeshi False ID Infiltrators in India

a conspiracy by the government of Bangladesh, with involving Pakistan too

(businesses within a country is supported by the government incentives, by using resources of a certain country, which are first supported by the local buyers who run the industries by buying products. its none like how foreign investments is made by US's firms, which falls under certain contracts of FDIs.... only Infrastructure investment by India during the 12th 5 years plan of 2012-17, cross $1.0trillion, paid by the Indian tax payers. which is enough to make over 1,000 billionaires in ever 5 years time. and this infrastructure investment has a rising trend only...... its the tax payers of India, who pay for the subsidy for the people below poverty line, paying expanses of the government to run this country as whole, along with building infrastructure of India too

The Planning Commission is aiming at a total outlay of Rs 51.46 lakh crore in the infrastructure sector during the 12th Plan (2012-17), short of the earlier projection of $1 trillion (about Rs 55 lakh crore).

//profit.ndtv.com/news/politics/article-rs-51-46-lakh-cr-to-be-allocated-for-infrastructure-during-12th-plan-310726

no foreign government share any burden of Indian Tax Payers, neither US-UK share 'equal voting rights' with Indian voters in their democratic elections too, hence, they have no rights to help these 2 rogues nations in India, the Bangladesh+Pakistan.

and with reference to the news that now Bangladeshi government help their people occupy local Indian IDs too, in numbers over 20million now, we want US-UK-Aus to completely withdraw their support from Bangladesh+Pakistan, help us put them among the rogue nations in UNSC, until they come fair on their stand with their neighboring country India :thumb:
nowdays Bangladeshi government is part of conspiracy to 'employ' Bangladeshi workers on false Indian IDs, saying Indian workers go to this so poor country of world and working there. hence, we would demand a 'complete freezing' of the Indian-Bangladesh border, until we may successfully identify all the Bangladeshi False ID infiltrators, sneaking into India. a full conspiracy is seen by the govts of Bangladesh+Pakistan, to destroy this country, hence we first want this country to be recognized as a 'rogue' nation in UNSC.

(if foreign nationals enter in a country and occupy high government positions under a False Indian Identity, only fall under death penalty, by laws of any parts of world.
Bangladeshi migrants as whole in India aren't getting any type of Immigration here, NO, and occupying false Indian IDs, while hiding their true identity as guided by the foreign governments of Bangladesh+Pakistan, simply recognize them as an Infiltrators, by any criterion of world.)

in a simple term, property prices of India is more expansive than over 80% OECD economies, the list as below where only Karachi i have seen once, at the bottom. we simply dont have any space for the False Indian IDs holders coming from Bangladesh, who are provided with the False Indian IDs as funded by the annual budget of Bangladeshi government....

globalpropertyguide.com/most-expensive-cities

its about 'favoring' Pakistan, but, with a similar population to that of Bangladesh, we find only Pakistan from this south Asia region, has as big 'market size' of Middle Class that it may have a place in any of the above lists....

 

[santosh10]

@Yusuf
@Ray

further to my last post, we find Pakistan having a place in one of the list as below. and i repeat, its not about favoring Pakistan, but once you compare it with Bangladesh, you find then not having as big Market Size of their consumers-buyers of 170million population, that a Bangladeshi national may have a place here even by next 10-12 years...

never underestimate Pakistan's Market Size, further to lists of my last post#274, only one non-Indian South Asian name we have as below

The World’s Biggest Public Companies List - Forbes
.

 

[santosh10]

while discussing Market Size of a country, hence the number of consumers-buyers of a country, representing 'buying power' of an economy as whole, hence its mainly related to the population of a country, and their buying power to support the local industries within a country.....
we have latest update of population of world as below:

The World Factbook

 

[santosh10]

India needs to raise infrastructure spending to 10% of GDP

India needs to raise infrastructure spending to 10 per cent of GDP to achieve and sustain economic growth target of 9 per cent in the coming years.

"In order to sustain growth targets, this (investment in infrastructure) would need to increase further to over 10 per cent of GDP by 2017," IDFC Projects Ltd Managing Director Pradeep Singh said in a presentation at the annual meeting of Asian Development Bank here. :coffee:

India's infrastructure spending is 8 per cent of the Gross Domestic product, as against China's 9 per cent, he said. The country's GDP was $1.4 trillion at the end of March 2011.

Acknowledging that India has a long way to go in terms of meeting its infrastructure requirements, Singh said the 12th Five Year Plan (2012-17) envisages $1 trillion investment in the sector. :coffee:

Of the total targeted investment, private sector is expected to invest $500 billion - with around $350 billion through debt and $150 billion of equity over next five years.

Domestic funding sources, Singh said, will not be sufficient to meet these needs.

However, during the 11th Plan period ended in March, investment in infrastructure sector fell short of its target of $500 billion.

Total investments during the past five years was about $425 billion, Singh said.

Despite the aggressive growth in last five years, India's basic infrastructure ranked 86th in Global Competitive Report-2010 by World Economic Forum, he pointed.

Projecting India as investment destination, State Bank of India Chairaman Pratip Chaudhuri said, in a separate presentation, that Qualified Foreign Investors were allowed to directly invest in Indian equity market in January.

Besides, he said, the overall FII investment limit in government securities and corporate bonds has been enhanced to $60 billion.

Chaudhuri also said India has a well regulated banking system, with 98 per cent of the banks fully computerised.

India needs to raise infrastructure spending to 10% of GDP: IDFC Projects - timesofindia-economictimes

 

[santosh10]

the reports like as below generally have variations from 10% to 40%, but we have something in this regard so i think it may have a place here too. here we clearly see that Brazil and India have to spend much more on the Infrastructure :coffee:

You can see that Brazil has the worst overall ranking among the countries listed. Though the country is a large exporter, the extremely poor condition of the country’s roads and rails has hampered the growth of internal textile and farming industries. However, there is light at the end of the tunnel for the country, as the government already has a plan in place to improve these conditions (Read: Brazil’s Infrastructure Plays Catch Up). :coffee:

India’s infrastructure also rates poorly, and is slowing the country’s ascent to top of the world’s economies (Read: India’s Achilles Heel). One of India’s key issues is electricity. :coffee:

Power is also a problem in South Africa where a major power plant has not been built in 20 years and blackouts/power outages have hurt the country’s mining industry in recent years. Merrill projects $54 billion will need to be spent on the country’s power system over the next three years, accounting for nearly half total infrastructure spending.

China, which accounts for more than half of that $6 trillion estimate, ranks far above emerging peers in terms of infrastructure at the 65th percentile. Merrill says that one of China’s biggest needs is in water and environmental development. The firm estimates that the Asian country will need to build roughly 40,000 reservoirs at Rmb 12.5 million a piece to create an internal water distribution system and alleviate pressure when regions experience extended droughts such as what China is seeing presently.

Emerging Markets Are Going To Spend A Massive $6 Trillion On Infrastructure In The Next Three Years - Business Insider

@Picdelamirand-oil
@Averageamerican

we always have question on the credibility of these news, as below. but it may also have a place here, i think :coffee:

Quality of trade and transport related infrastructure (e.g. ports, railroads, roads, information technology)

Infrastructure - Logistics Performance Index, Country Comparison, Nations Statistics

here, we expect India to be ranked higher in future considering hefty investment in infrastructure. i would be more happy to see India to be put in the category of Brazil, Thailand, South Africa :tup:

 

[santosh10]

.
the listing as below put India on a higher rank at 35th, even if its put among the "lower" Middle income group counties as below.

too many ways of deriving a formula to measure something, and they do have something in this report, :coffee:

https://www.ifw-members.ifw-kiel.de/publications/a-new-global-index-of-infrastructure-construction-rankings-and-applications/KWP_1929.pdf

A New Global Index of Infrastructure: Construction, Rankings and

Applications*
Julian Donaubauer, Birgit Meyer, and Peter Nunnenkamp

We construct comprehensive and comparable indices on the most relevant components of economic infrastructure. An unobserved components model is employed to cover the largest possible number of developing and developed countries over the period 1990-2010. We map major findings from the new indices of infrastructure and provide country rankings, which we also compare with subjective assessments of infrastructure in the World Economic Forum’s Global Competitiveness Report. Finally, we exemplify possible applications related to trade and FDI. By overcoming several data limitations, our new global index can help assess the links between infrastructure and economic development more systematically.
Keywords: infrastructure, transport, ICT, energy, finance, unobserved components method, trade, FDI. JEL classification: O18; C43; C82; F14;

Table 6 — Country rankings: Overall infrastructure and sub-categories

Rank - 2010 - Rank (Overall Index)

Total (Index value) - Transport - ICT - Energy - Finance - 2010 - 2000 - 1990
(1) (2) (3) (4) (5) (6) (7) (8) (9)
Hong Kong High 1 (3.216) 1 2 42 1 1 11 18
Singapore High 2 (2.673) 2 9 16 2 2 3 4
Germany High 3 (2.519) 4 1 21 18 3 6 14
United States High 4 (2.399) 3 19 7 10 4 2 1
Switzerland High 5 (2.015) 8 4 18 13 5 4 7
Canada High 6 (2.012) 18 14 3 15 6 12 6
Norway High 7 (1.924) 23 18 1 36 7 1 2
Luxembourg High 8 (1.872) 5 3 8 55 8 7 17
Japan High 9 (1.861) 10 15 14 11 9 5 3
United Kingdom High 10 (1.850) 9 8 32 8 10 10 8
Austria High 11 (1.715) 7 11 17 31 11 14 16
France High 12 (1.695) 12 6 19 22 12 15 12
Korea, Rep. High 13 (1.685) 25 5 11 12 13 18 21
Sweden High 14 (1.573) 31 10 6 27 14 8 5
Finland High 15 (1.461) 32 26 4 28 15 16 10
Australia High 16 (1.457) 44 17 10 9 16 21 9
Belgium High 17 (1.441) 15 12 15 35 17 17 27
Netherlands High 18 (1.390) 24 13 23 17 18 9 11
Israel High 19 (1.302) 40 22 20 6 19 24 19
Spain High 20 (1.271) 30 25 33 4 20 22 25
New Zealand High 21 (1.249) 41 16 13 19 21 20 15
Kuwait High 22 (1.248) 50 42 2 20 22 28 29
Denmark High 23 (1.187) 22 7 27 38 23 13 13
Italy High 24 (1.168) 14 31 36 24 24 19 23
Ireland High 25 (1.102) 13 23 30 51 25 26 26
Qatar High 26 (1.094) 37 24 5 56 26 27 24
United Arab Emirates High 27 (1.060) 28 29 9 44 27 31 20
China Upper 28 (0.943) 17 71 47 5 28 35 58
Czech Rep. High 29 (0.852) 16 30 25 68
Slovenia High 30 (0.794) 19 20 26 88 29 30 33
Portugal High 31 (0.767) 36 37 38 23 30 25 48
Cyprus High 32 (0.707) 35 35 34 37 31 23 28
Bahrain High 33 (0.686) 27 50 12 54 32 34 31
Croatia High 34 (0.652) 42 28 58 25 33 41 44
India Lower 35


https://www.ifw-members.ifw-kiel.de...uction-rankings-and-applications/KWP_1929.pdf

 

[santosh10]

double post
......................................................

 

[santosh10]

first here, the Table by World Bank as below clearly tells us the dominance of China on the side of High Tech Productions, the real Rise of China

also its good to see India exporting more High Tech Products than Brazil, as below. it does says that India is somewhere, but yes, far behind China :ranger:

even if High Tech business of China has a share of imported component too, but we do know that it would only rise :ranger:

=> High-technology exports (current US$) | Data | Table

Indian Economy on PPP would come closed to $11.0trillion, if we include 'undocumented' part of GDP too

we find on PPP, Indian economy closed to $8.0trillion by end 2015, more than total of UK+Canada+Australia+Pakistan+Bangladesh+NewZealand+other Commonwealth countries...

on PPP basis, we find Indian economy closed to $8.0trillion by end 2015...

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html#in

but it still doesn't includes the 'undocumented' part of GDP, the share of GDP of developing countries, which doesn't come in light, remains undocumented. which estimated over 30% in case of developing countries like India, Philippines, Vietnam, Thailand, China, Sri Lanka etc.

and its not just the "non-Taxed" or "black money", but, more than half of the people of India aren't even aware that they would pay tax on the salary they earn....

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html#in

hence, i would say, by end of 2015, Indian economy would come closed to $11.0trillion on PPP term, if we consider the undocumented part of Gross Domestic Product (GDP) also.

nowdays UK and their allies are hopeful to maintain food supply for their coming generation through India only, have bet theri every credibility to get this "Elephant", whose economy size is bigger than the total Commonwealth Economies as whole. with dreams of source of money and power from this country,only, by using Bangladeshi souls to occupy bodies of Indian govt-military-political people, including businessmen too...

(the technologies of NASA-US, which were developed by the Indian immigrant professionals there itself, with immigrant professionals of other developing countries and Japan etc..... and this is the final outcome of these US's technologies, which is being used for every form of crimes in the countries like India... a disaster on this world as whole by UK and their allies...)