China beats India by a huge margin

[jon88]

Firstly, I am an Indian,not chinese

Secondly be patriotic but don't be so blindly patriotic that you start ignoring the reality.


Indians have fundamental rights and so called freedom only on paper and not in reality.This fundamental rights that you enjoy depends on your socio economic status.

If you are rich and well off then not only you enjoy the 7 fundamental rights prescribed in the constitution but also the right to subvert the law of the land and become an authority by yourself.

But if you are poor and downtrodden then you don't even have the right to dignity and the right to live a dignified life.

Excellently put.

 

[Apollyon]

China leads India by 12-14 years, the difference between the day they started their liberalization which was in 1979 against our liberalisation which was started only in 1991.

I think the current model of comparing GDP's of different countries is severely flawed in a way it doesn't take in account for example the value of me doing work to cook my own food from fresh vegetables I bought from the market.

In USA majority of people prefer processed food which increases it's value which gets added up in the calculation of GDP. Or am I wrong with this ? #IamNoEconomist

 

[jon88]

why we try to compare china cause there and our conditions are totally different they have better natural resource,different form of government,more area ,if you want to compare india with someone them compare it with pakistan cause both achieved freedom same time both have democracy and nearly same natural resource, AND you know the result that india is beating pak from the day we achieved freedom.look at pak, will anyone think that we and pak were at same stage 67 year ago, we developed our nation in such way that even america now neglecting pak and making friendship with india
china are ahead from 1980 cause they accepted privatisation,liberalisation,globalisation in 1979

At the end of the day, irrespective of any system of administration, it is all about GOOD GOVERNANCE. Even if you have the best of the best system in the world, bad governance will still not yield good results.

 

[Mad Indian]

I think the current model of comparing GDP's of different countries is severely flawed in a way it doesn't take in account for example the value of me doing work to cook my own food from fresh vegetables I bought from the market.

In USA majority of people prefer processed food which increases it's value which gets added up in the calculation of GDP. Or am I wrong with this ? #IamNoEconomist

The time you are using for cooking your own food is not utilised by you for working something which you are specialised in- .ie engineering. By consuming the food which was made in a efficient way by others, like say for instance processed food, I gain the time I need for working on my speciality and hence producing more? So does that mean since americans consume more processed foods, they are more efficient as an economy?

Anyway, what you have said is too little to bear a big impact in economic calculations. For instance, the internet penetration quantity and quality would also place India in the 120ish place as is the case of our Per capita income in PPP or Nominal GDP. So the ranking is pretty correct! And we are pretty screwed by our socialist policies and subidies and welfare shit. The sooner Indians realise this, the better

 

[abhi_the _gr8_maratha]

At the end of the day, irrespective of any system of administration, it is all about GOOD GOVERNANCE

and we have better governance than pak and china

 

[Apollyon]

The time you are using for cooking your own food is not utilised by you for working something which you are specialised in- .ie engineering. By consuming the food which was made in a efficient way by others, like say for instance processed food, I gain the time I need for working on my speciality and hence producing more? So does that mean since americans consume more processed foods, they are more efficient as an economy?

I think they spend their free time playing Video Games :lol.
Back to topic: I think this results in undervaluation of Indian GDP. It's not just about the processed food but many other things that may severely impact the over and under-valuation of Gross Domestic Product. Will continue this topic some other day. I have soo much to write but no time.

 

[jon88]

I think the current model of comparing GDP's of different countries is severely flawed in a way it doesn't take in account for example the value of me doing work to cook my own food from fresh vegetables I bought from the market.

In USA majority of people prefer processed food which increases it's value which gets added up in the calculation of GDP. Or am I wrong with this ? #IamNoEconomist

Actually you are quite right. A lot of emerging economies do not have the scale of developed countries because a lot of their daily tasks are not outsourced. Of course all those outsourcing jobs are taxed and contributed to the value of the gdp. However, it begs the question, can we afford the outsourced tasks and products in our daily lives?

 

[Mad Indian]

However, it begs the question, can we afford the outsourced tasks and products in our daily lives?

Exactly! which is why. the economic calculations are pretty right!

 

[jon88]

and we have better governance than pak and china

agree and disagree...better governance than Pakistan , worst governance than China

 

[Mad Indian]

I think they spend their free time playing Video Games :lol.
Back to topic: I think this results in undervaluation of Indian GDP. It's not just about the processed food but many other things that may severely impact the over and under-valuation of Gross Domestic Product. Will continue this topic some other day. I have soo much to write but no time.

So if its undervalued, why is India under-ranked in "other" issues like internet speed, penetration of cars, bikes percapita etc?

Come on, denying the statistics to feel better is not the way forward! Our picture is gloomy due to our socialist legacy and accepting it is good step in reversing it

 

[sesha_maruthi27]

Dynastic politics is not always to blame . Look, Abe has 2 grand fathers who were also Japanese PM . LDP (Liberal Democrats) has been the post-war ruling party with very short interruptions (one-party rule per se).

p.s. I mention Abe becoz I saw a separate post referred to Modi's economics as Modinomics

He meant, a false dynasty in the name of Gandhi which looted India for more than 6 decades, how can you expect development.....

 

[amoy]

He meant, a false dynasty in the name of Gandhi which looted India for more than 6 decades, how can you expect development.....

the dynasty dwells on the Central. at the state level politicians are not performing in due diligence either. even your white knight Modi isn't impressive in Gujarat at all by Asian standard

The Gross Domestic Product of Gujarat is $90,650 (in millions) and per capita is $1,510.

State Domestic Product of India 2014 | State-Wise GDP 2014 | District GDP of India | State-wise Population 2014 | VMW Analytic Services

by the IAMR Planning Commission report, which shows that Gujarat is 11th in the Human Development Index. The Planning Commission study done in 2013 also manifests that it is one of the slowest as far as poverty reduction rate is concerned. Between 2004 and 2010, Gujarat witnessed 8.6 per cent reduction in poverty but between 2010 and 2012, the percentage of poverty reduction has declined to 6.4 per cent, which is below the national average of 7.9 per cent as well.

Arvind Kejriwal is right. Narendra Modi's Gujarat growth story is the biggest public relations con-job of our time | Latest News & Gossip on Popular Trends at India.com

 

[Pratap]

the dynasty dwells on the Central. at the state level politicians are not performing in due diligence either. even your white knight Modi isn't impressive in Gujarat at all by Asian standard

State Domestic Product of India 2014 | State-Wise GDP 2014 | District GDP of India | State-wise Population 2014 | VMW Analytic Services

Arvind Kejriwal is right. Narendra Modi's Gujarat growth story is the biggest public relations con-job of our time | Latest News & Gossip on Popular Trends at India.com

What was Gujrat in 2002? What was China in 1980? The fact is that Gujrat has maintained high growth rate of more than 8 percent for a decade and if India does that, Indian economy will greatly expand.BTW, Gujrat is not Taiwan and is not free of India, so it is not that Modi is the sole boss there.
You have reached here by 30 years of growth rate more than 8 percent, Gujrat has seen just a decade.

 

[CrYsIs]

China leads India by 12-14 years, the difference between the day they started their liberalisation which was in 1979 against our liberalisation which was started only in 1991. In short, China learned Socialism is crap way back in 1979 unlike India. and from the looks in the internet, India still has not learnt from the mistakes of the crappy socialist regimes around the world. There are several dumb nuts who think socialism is great even now!

Only, way to beat it is to bring in more liberalisation and privatisation instead of the socialist welfare shit, .ie by voting in BJP for next 15years instead of the Congress crap

At current rate the gap is close to 20 years .Secondly the stuff about liberalization is known to all.The difference is that even before liberalization China solved many of it's myrid socio economic issues,therefore it didn't face much trouble after liberalization.

Incase of India,it spent nothing or did anything to solve it's issues and as a result is now paying the price of this laxity.Today most of the money is being channeled to populist schemes resulting in nothing being left for other stuffs like industrialization,health,education,research.

 

[CrYsIs]

Being pessimistic and losing hope is not the solution. Yes some influential people become too powerful. But more often than not, the law catches up with them. Would u be in a place where t will be gunned down for protesting? Democracy ensures that people have a say. Its some politicians that are bad, not the system.

Not trying to be pessimistic or defeatist.I am rather being realistic.There are dark clouds everywhere,hope we soon see a silver lining.

There is a negative notion that there is absolutely no freedom in China.In reality the only freedom the Chinese don't enjoy is the right to criticize or oppose the government.Otherwise they are on the same page as us.

 

[CrYsIs]

I think the current model of comparing GDP's of different countries is severely flawed in a way it doesn't take in account for example the value of me doing work to cook my own food from fresh vegetables I bought from the market.

In USA majority of people prefer processed food which increases it's value which gets added up in the calculation of GDP. Or am I wrong with this ? #IamNoEconomist

India's GDP is undervalued because most of the economic activity taking place is informal in nature.So it would be nearly impossible to calculate the correct GDP.The current GDP estimation is only a best guesswork.

Anyways it is believed that India's GDP is 15-20% higher than being reported.

 

[jon88]

At current rate the gap is close to 20 years .Secondly the stuff about liberalization is known to all.The difference is that even before liberalization China solved many of it's myrid socio economic issues,therefore it didn't face much trouble after liberalization.

Incase of India,it spent nothing or did anything to solve it's issues and as a result is now paying the price of this laxity.Today most of the money is being channeled to populist schemes resulting in nothing being left for other stuffs like industrialization,health,education,research.

Sometimes I think it is also a cultural aspect. Even here in Malaysia, where I live, Indian Malaysian NGOs spent nothing or did nothing to solve the Indian community problems. Especially when you contrast it with the Chinese Malaysian organisations. The Chinese Malaysian community is the only community in Malaysia that can sustain it's own community without any government help whatsoever, which is quite incredible. It is also incredible that they constitute 90% of taxpayers in Malaysia while their population is only 22%. Their community schools have even better facilities than government schools. They sustained independently thousands of such schools and yet Indian Malaysians cannot even sustain one independently without government help. Yes, there are many rich Indians too, but we will not donate unless it is tax deductable or some benefits are forthcoming. While the Chinese are more for their community, we Indians are more to our individual selves. Some Indians even say that the Chinese are not so smart because they could just let the government pay instead. Now we know who is the smart one.

 

[amoy]

Sometimes I think it is also a cultural aspect. Even here in Malaysia, where I live, Indian Malaysian NGOs spent nothing or did nothing to solve the Indian community problems. Especially when you contrast it with the Chinese Malaysian organisations.

For your community the most severe crisis is DEMOGRAPHY

Malay fertility rates are 40% higher than Malaysian Indians and 56% higher than Malaysian Chinese.

At this rate Indian community will have no say in Malaysia whatsoever

In 2010, the Malays were 60.3%, Chinese 22.9%, and the Indians 7.1% of the total population.

 

[nimo_cn]

For your community the most severe crisis is DEMOGRAPHY


At this rate Indian community will have no say in Malaysia whatsoever

Isn't Chinese community facing the same crisis?

Sent from my HUAWEI T8951 using Tapatalk 2

 

[debasree]

This is a very lousy answer. Actually India cannot do anything.Leave alone building a skyscraper,this country cannot even provide basic healthcare and education. Do you even realize the implications of widening gap between India and China ?

If china chooses to rein in on India,there is absolutely nothing India can do other than praying to god.[/Qu have overestimate urs china kid..urs economy actually driven by export..overcease market shrink so does urs economy reign in india preety eutopean dream live in urs dream dude