Eurozone Crisis online

[santosh10]

double post

 

[jouni]

@Ray @jouni

PD-AA, in 'exchange rates terms', people of US have 25 time higher salaries than Indians, and 80 times higher debt they have, the 'Total Debt' which includes government debt+household debt+business debt.

and the prices of products there would be around 8 to 10 times higher than their prices in India, as per my own experience of buying products in Australia and India...

im just going to buy a coffee here in Delhi, which would required around 20 rupees (30 cents), while for the same type of Medium size flat white in Sydney, i used to pay $3.2. whats the price of coffee in US and France? :ranger:

Coffee is 2euros a cup here. If you make your own, ground coffee is 3,5euro per half kg.

 

[jouni]

@Ray @jouni

sir, interestingly only Germany's Youth Unemployment rate seen falling since 'Lehman Brothers collapse'/2008-09 recession. and its the country with the lowest unemployment rate too, going further...

the story of impossible Germany among all the EU members.... i mean, the country with the lowest Unemployment Rate, saw further decline in Unemployment Rate since 2008-09. the 'only' among all the curves as below



davemanuel.com/2011/12/01/you-think-that-youth-unemployment-is-high-in-the-united-states/

Germany has good system for youth...I know I was there when studying.

 

[santosh10]

Coffee is 2euros a cup here. If you make your own, ground coffee is 3,5euro per half kg.

true, and thats what i mentioned in my post#118 too, "parking cost, as you first drive to a shopping complex and then buy food whose prices isn't much different than India, for example. and similarly, even if you watch a movie, you pay dollar as compare to rupees in India."

food prices are hardly around 50% different, i see. but whenever we drive, or catch a transport, as we live in a suburb, the cost everywhere.... you simply can't live a life when you dont buy coffee as you will back home after 3-4 hours....

for example of mine, i used to cook food only on sunday night, with keeping enough in fridge for a week too. rest, only take away food, which does cost at least $12 to $14 from a chinese shop, with pay for water too. even on office time, i used to have 'sea food salad' half of the time of a year....

check post#118, you will find prices starts from train ticket, to ticket of movie, with hefty difference in mobile charges, renting too expansive, once your car give trouble, its very expansive in Australia as compare to India, for example....

i would put 'exchange rate' Per Capita Income of India, which is at $2,000, to around $15,000 on purchasing power 'on ground' by using a factor of '7.5', as compare to $50,000 and $38,000 per capita income in case of US and UK respectively....

 

[santosh10]

Germany has good system for youth...I know I was there when studying.

hmmm, JOuni, its not just the "Youth Unemployment" have a look on the curve of overall Unemployment Rate of Eurozone too, the only German Unemployment rate is below to its pre-crisis level, with seen further decline as compare to 2008-09. as below...

and again the story of this Impossible Germany, they already maintain the lowest unemployment rate among all the EU's members, which further declined as compare to its pre-crisis level. check this curve as below too

//static5.businessinsider.com/image/504081ebeab8ead13300001b/euro-zone-unemployment.jpg

 

[sorcerer]

100,000 Italians sign petition for eurozone exit referendum
taly's Five Star Movement (M5S) party has collected more than 100,000 signatures on a petition calling for a law that would allow a referendum on withdrawal from the eurozone.

M5S MP Carlo Sibila says he expects a referendum to take place at the start of next year. Though the petition has already surpassed the required amount of signatures needed for the initiative, Sibila said that he hopes it will gather another 50,000 by early May in order to highlight the issue.

"Who wants to stay in euro? This is the main question," Sibila told RT. "But we don't want to get out just like this - we want a program and a discussion, and then let the citizens decide. It's really necessary today as the situation in Italy is going from bad to worse where jobs and economy are concerned."

The Italian constitution, however, does not provide for the cancellation of international agreements through referenda.

According to Sibila, Italy's debt increased dramatically after the introduction of the euro. He also noted that Italy's unemployment rate hovers around 12.7 percent, the sixth highest in the EU.

We can't have our own fiscal policy, but without the euro it is possible in Italy," Sibila said.

The Five Star Movement, formed in 2009 by comedian and activist Beppe Grillo, finished second in the 2014 European Parliament election with 21 percent of the vote.

Sibila stressed that M5S does not seek to leave the European Union, but merely to leave the currency union.

"Italian citizens need to have the right to decide if they want to stay inside or outside the monetary union," Sibila told RT. "We are not questioning the European Union, it is only the monetary union."

Italy joined the Eurozone in 1999, and the currency was introduced into circulation three years later.

http://rt.com/news/248769-italy-eurozone-referendum-petition/

 

[santosh10]

100,000 Italians sign petition for eurozone exit referendum[/SIZE]
taly's Five Star Movement (M5S) party has collected more than 100,000 signatures on a petition calling for a law that would allow a referendum on withdrawal from the eurozone.

M5S MP Carlo Sibila says he expects a referendum to take place at the start of next year. Though the petition has already surpassed the required amount of signatures needed for the initiative, Sibila said that he hopes it will gather another 50,000 by early May in order to highlight the issue.

"Who wants to stay in euro? This is the main question," Sibila told RT. "But we don't want to get out just like this - we want a program and a discussion, and then let the citizens decide. It's really necessary today as the situation in Italy is going from bad to worse where jobs and economy are concerned."

The Italian constitution, however, does not provide for the cancellation of international agreements through referenda.

According to Sibila, Italy's debt increased dramatically after the introduction of the euro. He also noted that Italy's unemployment rate hovers around 12.7 percent, the sixth highest in the EU.

We can't have our own fiscal policy, but without the euro it is possible in Italy," Sibila said.

The Five Star Movement, formed in 2009 by comedian and activist Beppe Grillo, finished second in the 2014 European Parliament election with 21 percent of the vote.

Sibila stressed that M5S does not seek to leave the European Union, but merely to leave the currency union.

"Italian citizens need to have the right to decide if they want to stay inside or outside the monetary union," Sibila told RT. "We are not questioning the European Union, it is only the monetary union."

Italy joined the Eurozone in 1999, and the currency was introduced into circulation three years later.

//rt.com/news/248769-italy-eurozone-referendum-petition/

we hope to see few positive growth in Eurozone soon

hmmm, i find, the idea of Euro currency as whole wasn't very competent. currency of a country has influence of many steps a certain government adopt, so its keep varying as per its changes in domestic market, as per domestic needs for every certain country....

we find Eurozone on 2 ways, one on the side of Germany, Netherland type countries which only grow, have very low unemployment rate too. while on the other side, most of the eurozone economies only have negative growth. check this graph for Italy, for example, as below

tradingeconomics.com/italy/gdp-growth-annual

and its not just Italy only, i would wish a comment from Jouni on the graph as below too.as it does look a better picture than many other EU's economies:thumb: @jouni

tradingeconomics.com/finland/gdp-growth-annual

even if UK isn't part of Eurozone, its per capita income adjusting inflation is still around 2% lower than its early 2008 level, along with more than twice public debt since then too....

but Eurozone has a good news of much depreciated Euro at present, which would obviously give a "cost based competitive advantage" to their home industries against the imported products. it would certainly help them have more competitive products in world market too this way, because of lower price of their products due to depreciated Euro at present, so its looks good at present :thumb:

Euro has fallen from 1.38 per US$ to around 1.08 per US$ at present, and it would only help us have more chance to see few positive growth in Eurozone economies :thumb:

and i love the timing, so low inflation in Eurozone as whole, nearly 0% due to lower energy prices nowdays, a very right time to depreciate currency as currency depreciation first result in high inflation... lower oil/gas/resource prices do have given us an advantage to an extent. we just enjoyed wholesales inflation of India closed to zero recently too
inflation of developing countries like India generally hover at around 6 to 7%, and this type of news does have many positive impacts to reduce deficits by a big margin...

livemint.com/Politics/ba3sxthpQVWprXAJ1Ji2oI/Wholesale-Price-Index-shows-zero-inflation-for-November.html

and if the energy prices remain lower for this year, then Euro will have got a 'base effect' at the end of this year. which will again help them have lower inflation due to base effect. i love the time of Euro's depreciation.... with hoping some dramatic result on the side of export from Germany, France etc, as now their products will be more dominating in world :thumb:

on my side,i would wish 1.0 US$ = 1.0 Euro on long run, the best for their industries, a type of 'guard' they will have got by end of this year due to depreciated currency this way
.

 

[santosh10]

One in five workers in the UK is paid less than required for a basic standard of living, a report has said.

The proportion is much higher among waiters and bar staff, at up to 90% of workers, the research for accountants KPMG suggested.

It said that nearly five million people failed to command the living wage - a pay packet that enabled a basic standard of living.

The rate stands at £8.30 an hour in London and £7.20 in the rest of the UK.

This rate is voluntary, unlike the National Minimum Wage - the amount that employers must pay by law, which is set at £6.19 an hour for those aged 21 and over.

"Times are difficult for many people, but of course those on the lowest pay are suffering the most," said Marianne Fallon, head of corporate affairs at KPMG, which has itself signed up to pay the living wage.

"Paying a living wage makes a huge difference to the individuals and their families and yet does not actually cost an employer much more.

"Tackling in-work poverty is also vital if we are to enable more people to improve their life prospects and increase social mobility in this country."

BBC News - Five million paid less than living wage, says KPMG

here, it worth mentioning that the above report excludes 38% Working Age People of UK who dont even have any job, no source of income. means, 38%+20% = 58% Working Age People of UK just struggle to live their life. :coffee:

Labor Force Participation Rate of UK stands at around 62% right now, as below: :coffee:

Labor participation rate, total (% of total population ages 15+) | Data | Table

The labor force participation rate is the percentage of working-age persons in an economy who: Are employed, Are unemployed but looking for a job

Typically "working-age persons" is defined as people between the ages of 16-64. People in those age groups who are not counted as participating in the labor force are typically students, homemakers, and persons under the age of 64 who are retired.

What is the Labor Force Participation Rate?

 

[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...

The World Factbook

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....

The World Factbook

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...)

 

[santosh10]

@Averageamerican

further to the above post, the current state of UK's economy, the leader of Commonwealth is as below:

1st, GDP per Capita is still around 2% lower than its pre crisis level of early 2008. (even if GDP size is bit above to early 2008, the population increase has kept its per capita level still below to its early 2008 level.)

2nd; Public Debt to GDP has risen from 38% in early 2008 to above 80% to date, more than double while GDP per capita level is still below its early 2008 level....

3rd; with other indicators of UK's economy as below:

Britain's debt mountain reaches £1.39TRILLION, equivalent to 90% of the entire economy, ONS reveals | Daily Mail Online

Soaring UK personal debt wreaking havoc with mental health, report warns | Money | The Guardian

=> Almost 90% would 'consider moving abroad' for better financial prospects - Telegraph

Argentina opens doors to migrants, but settling elsewhere is harder

As growing numbers of Europeans leave the continent and its economic woes, how easy is it to go and live in a new country? :coffee:

Ipanema beach in Rio de Janeiro. Some European immigrants work in Brazil illegally by repeatedly renewing 90-day tourist visas. :coffee:

Argentina opens doors to migrants, but settling elsewhere is harder | World news | guardian.co.uk

In an overtly patriotic speech filled with big conservative ideals, David Cameron called for Britain to sink or swim in a tough global world
Cameron leans on cliches to avert British decline (Op-Ed) — RT News

One in five workers in the UK is paid less than required for a basic standard of living, a report has said.

The proportion is much higher among waiters and bar staff, at up to 90% of workers, the research for accountants KPMG suggested.

It said that nearly five million people failed to command the living wage - a pay packet that enabled a basic standard of living.

BBC News - Five million paid less than living wage, says KPMG

 

[santosh10]

@Ray

further to the above post, discussing Per Capita Income of UK adjusting inflation still around 2% lower than its early 2008 level, pre-crisis level, along with more than twice debt since then. we have a picture of growth of the countries like India, Vietnam, Philippines, CHina type economies as below, how their economic size changes every year. we find growth rate of India down to 5% by 2013, which then rose to 6.5%+ by the financial year 2014-15...

http://www.thehindu.com/business/Ec...wth-pegged-at-49-in-201314/article5664790.ece

 

[santosh10]

@Ray

As the fellow said that jumped of the high building as the passed the 10th floor on the way down, Good so far.

further to the above post, following the 2008 recession, the current state of struggle of Single Mothers of UK-US is once explained as below: whose single mother kids nowdays fight in India type progressive society, simply because their 10th-12th fathers, boyfriends of mother, dont care of these shiits of US-UK-Aus, who are now left free of any control to fight in India nowdays

=>

Prostitution and Poverty in the UK

In Britain, the recession has left many people struggling to make ends meet,:coffee: but reports have shown that young people – young single mothers in particular, are feeling the worst of austerity, and many are turning to prostitution in pursuit of financial security.

Things are likely to get worse. In 2013-2014, a lone parent would receive on average £46.80 a year less in benefits due to governmental changes, while a couple with children would miss out on £52 a year. In 2014-2015, the projected figures are £260 less for single parents and £156 less for couples with children. In short, single parents – often the most financially vulnerable – are facing the harshest cuts in benefits.

This has led to an increase in prostitution, which has affected the industry’s economy; many sex workers are reducing their charges (sometimes as much as 50 per cent) in order to beat competition from other sex workers. This contributes to a viscous circle; more single parents – usually women, enter prostitution out of financial desperation. Due to the increase in sex workers, they need to engage in the industry more to acquire the money they need. This in turn leads to a further increase in active sex workers and a further devaluation of prostitution ad infinitum.

One thing is clear – tough policing and stricter legislation is not the solution. Ukraine’s capital – Kyiv has struggled with high prostitution levels since it gained independence in 1991, after the collapse of the Soviet Union. In 2005, it introduced more rigorous legislation to try to combat the problem, to little effect. The country co-hosted the Euro 2012 football tournament with Poland and prepared itself for the explosion in sex tourism. Kyiv alone has an estimated 50,000 sex workers, twice that of the whole of Holland, despite prostitution being illegal in Ukraine and legal in Holland. And some suspect that this figure is even higher, with many young Ukrainian sex workers not wanting to come forward due to fear of shaming and imprisonment.

The only way to tackle the exploitation of young women is to tackle its root cause – poverty. To do otherwise would be like treating a disease with tissues instead of medicine. This can be achieved without reversing the entire austerity program (which no UK government is realistically likely to do).

Firstly, the government could take up Ed Miliband’s living wage proposals. The introduction of this policy – providing tax incentives to companies who pay a living wage instead of a minimum wage to their employees (£7.45 per hour outside London and £8.55 in London, compared to the £6.19 minimum wage) would save the taxpayer £2.2bn,according to the think tank Resolution Foundation. It would also help to minimise in-work poverty, which would help single parents make ends meet without turning to prostitution.

Another step would be to reintroduce the Education Maintenance Allowance (EMA), as many of the hardest hit are young people – this includes students. The Women’s National Commission (a UK women’s issues pressure group) claim the shocking statistic that “50-75% of women in prostitution entered before they were 18” and that many of these had been absent from education throughout this time. Reconsidering the £9,000 tuition fee would also help to reduce the number of students turning to the sex industry out of fear of mountainous debts.

Of course, this article does not intend to argue for or against sex work as a career choice. There is a persuasive case made by libertarians and some sex-positive feminists that willing engagement in prostitution is a matter of personal liberty for those involved and not the concern of third parties. Without divulging into a philosophical discussion about such liberties, it is worth mentioning the statistic that in a study on feminism and psychology, 92 per cent of sex workers said that they wanted to leave prostitution “immediately”. In a different study, 74 per cent of women cited “poverty”, paying “household expenses” and supporting children as a “primary motivator” for involvement in the industry. It should be clear by now that the vast majority of European sex workers are exploited out of economic desperation and are not pursuing a career that they necessarily consider legitimate, empowering or advisable – whatever one’s position on such political theory.

“She was too ignorant as yet to know that the chances of her finding work unaided were practically nil; but the next four days gradually enlightened her”, read the pages of A Clergyman’s Daughter – George Orwell’s understated and second novel. The book is an exploration of poverty in the 1930s, in which the protagonist, Dorothy, is swept away by the cruel realities of homeless men and women, some of whom become sex workers for mild reprieve. She is bailed out by a rich relative while being “on the very verge of becoming one” – a prostitute. Unfortunately – even in the 21st century, not everybody is that lucky.

http://www.leftfootforward.org/2013/08/prostitution-and-poverty-in-the-uk/

 

[santosh10]

hmmm, simply because "unskilled jobs are less paid", and skilled jobs are mainly occupied by immigrants professionals :...

and now the new generation of these unskilled people exercising in India at present..

 

[santosh10]

@Averageamerican
@Picdelamirand-oil

A Major Difference Between Indian and American Culture

also, there is a major difference between Indian and US's culture, that is, "Indians pay for their kids while American kids grow on the tax money/welfare of high tax paying migrants, as they fall in high income bracket."

Indian Americans are the highest-income and best-educated people in the United States and the third largest among Asian Americans who have surpassed Latinos as the fastest-growing racial group, according to a new survey. :tup:

The share of unmarried mothers was much lower among Indian Americans (2.3 per cent) than among all Asian Americans (15 per cent) and the population overall (37 per cent).

Indian-Americans top in income and education

and im scared for that certain state, the Indian Society will reach one day, when Indian women too will start getting kids without marriage, but no Welfare/free medical to feed these kids as India is a developing country
.

=>

My Statement

its simple that a nation is made by its people, who may develop new technologies and improve the existing ones. nothing came from sky and nothing will ever come from sky, and we need those people who may make the nation proud from their knowledge/talent/ performance.

Indian migrants are those who pay very high tax as they fall in very high income bracket, least dependent on the Welfare and the least crime rate is registered from this community living in US/EU. many Indians came under business visa after investment in US/west itself, while most of them are very high qualified and are part of developing technologies to run the US's firms, and are doctors/ CA/ including business professionals (MBAs) too, to help them run businesses etc.:cheers:

the meaning of high end educated people is much more than the amount of tax they pay

 

[santosh10]

India failed to copy Chinese Economic Reform in 1991

Average GDP Growth Rate of Asian Industrialized Countries Since 1981

My this post is just to keep a record of the comparative 'Average' Growth rate of India with "Newly Asian Industrialized" countries, along with the Matured Industrialized Asian countries like Korea, Japan, Singapore as below.

this effort is just to keep an eye on the Average Growth Rate of India since 1981 to 2013, as compare to other 'Asian' Industrialized Countries :thumb:

Select Country or Country Groups

Newly industrialized country - Wikipedia, the free encyclopedia


=> Growth Rate Comparison since 1980 to 2013, for the 34 years

1st, China: 9.89% since 1980

2nd, India: 6.1% since 1981

3rd, Philippines: 3.5% since 1980

4th, Thailand: 5.4% since 1980

5th, Indonesia: 5.2% since 1980

6th, Malaysia: 5.8% since 1980

7th, Singapore: 6.4% since 1980

8th, Korea: 6.0% since 1980

9th, Taiwan: 5.5% since 1980

10th, Japan: 2.1% since 1980

Select Country or Country Groups

Newly industrialized country - Wikipedia, the free encyclopedia


=> here, we generally know 1991 Economic Reform as the year, till then Per Capita Income of India was higher than that of China. and this comparison clearly tells us, how population growth rate of around 2% since 1981, with 500mil extra people this way, has covered every success of India since 1947. while total number of Middle Class of India is itself more than total population at the time of freedom, 1947

=> we have a comparison of India and China's Per Capita Income on PPP since 1990 as below, telling us the difference between Indian Open Market strategy with Chinese one since 1990...... India could have only around 5.4% growth rate for the 12 years in between 1991 to 2001, because of failing to even 'copy' the Chinese or ASEAN region Economic Reforms in 1991. even during 80s, the growth rate of India was at around 5.8%, before 1991 economic reform, which pulled India's growth rate down to 5.4% during the 12 years time since 1991 to 2002
)

first 8.0%+ groath rate was achieved by 2003-04, under Vajpayee government, and then he retired by June 2004. and it was mainly because of the investment initiatives, he adopted since 1997, and its effects we saw since 2003-04 onwards...
even MBA degree expires in every 10 years time, clearly stating, 1991 economic reform failed to copy those like China or ASEAN region, and the blame goes to the concerned government departments as whole....

India GDP - real growth rate - Economy

(and yes, India then became an "investment driven growth" economy since the Vajpayee government, similar to CHina-ASEAN region, true. higher the investments in infrastructure, higher the growth rate achieved....)

=> BRITAIN GDP PER CAPITA PPP at 1991, $23,924.22
United Kingdom GDP per capita PPP | 1990-2014 | Data | Chart | Calendar

RUSSIA GDP PER CAPITA PPP at 1991, $15,625.62
Russia GDP per capita PPP | 1990-2014 | Data | Chart | Calendar | Forecast

INDIA GDP PER CAPITA PPP at 1991, $1,812.36 :ranger:
India GDP per capita PPP | 1990-2014 | Data | Chart | Calendar | Forecast

CHINA GDP PER CAPITA PPP AT 1991, $1,554.01
China GDP per capita PPP | 1990-2014 | Data | Chart | Calendar | Forecast


=> while Average Growth Rate of India since 1951 itself stands at around 5.81% to date.....

GDP Annual Growth Rate in India averaged 5.81 Percent from 1951 until 2013, reaching an all time high of 11.40 Percent in the first quarter of 2010 and a record low of -5.20 Percent in the fourth quarter of 1979.

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

=> with that, there was a 'plagiarism case' on Indian Economic Reform in 1991 too

India copied Pak reforms in 1990s: Nawaz Sharif

Sharif was the prime minister in October 1990 and initiated an ambitious economic programme. In June 1991, Rao became the Indian prime minister and appointed Manmohan Singh as the finance minister.

India copied Pak reforms in 1990s: Nawaz Sharif | Zee News

 

[santosh10]

@Ancient Indian

Comparison of 10 years of 1981-90 to 1991-2000, considering early 1991 "Economic Reform" of India

considering even MBA degree expires in 10 years time

sir, further to the above post, we have some fundamental analysis of India's "Economic Reform" in early 1991 as below:

1st; we have Excel Sheet Calculation of 10 years of 'Average Economic Growth Rate of India, for 1981-90 and 1991-2000, considering early 1991 as the year of Economic Reform. and 1981-90 10years, just before 1991 Economic Reform.

Average Growth Rate 1981-90 = 5.58%
Average Growth Rate 1991-2000= 5.57%
(considering, even a MBA degree expires in 10 years time, and 2001+ of India belongs to the steps taken by Mr Vajpayee government during 1998-2004 periods....)

India GDP - real growth rate - Economy

Select Country or Country Groups

.

2nd; while comparing with China, its 'Excel Sheet' calculation of the 10 years of 1991-2000 as below:

Average Growth Rate of India for the 10years 1991-2000 = 5.57% (or 55.7% marks for Mr Manmohan Singh, "passed".)
India GDP - real growth rate - Economy

Average Growth Rate of China for the 10years of 1991-2000 = 10.4% (or, 100%+ marking for Chinese Economic Reform...)
China GDP - real growth rate - Economy

3rd; we just discussed, if India suffered with Asian Economic Crisis during the 1998+, then the same is true for China also???? and if India's Economic Reform occurred by early 1991, you have no discount of leaving the year 1991 or 1992, when the growth rate of India was lower....

4th; Chinese Economic Reform occurred by early 80s, following ASIAN economic reforms too, which resulted in 8.0%+ average growth rate of Indonesia, Thailand, Malaysia, Singapore etc during the whole 80s, check. and there was always a joke stating, "Per Capita Income of India was higher than that of China till 1991, as they couldn't even 'copy' Chinese or ASEAN Economic Reform of early 80s.

INDIA GDP PER CAPITA PPP at 1991, $1,812.36 :ranger:
India GDP per capita PPP | 1990-2014 | Data | Chart | Calendar | Forecast

CHINA GDP PER CAPITA PPP AT 1991, $1,554.01
China GDP per capita PPP | 1990-2014 | Data | Chart | Calendar | Forecast

and we are discussing, why the 10years period of 1991 to 2000 Economic Reform of India had 'bit' lesser growth rate than the 1981-1990 10 years period, the 10 years of just 1991 Economic Reform? (5.57% average growth rate during 1991-2000, as compare to 5.58% average growth rate of 1981-1990 period? on this Excel Sheet Calculation)

5th; even till the period of 1991-97, the Rao government with the Finance minister Mr M.M.Singh, the Excel Sheet calculation of India's growth rate is "5.24%", much lower than 1981-90 10years period of 5.58% average growth rate..

India GDP - real growth rate - Economy
.
6th; we find, total foreign investment in India during 1998-2004 period of Vajpayee government was much higher than 1991-97 period of Rao government. which does state more aggressive FDI policy of Vajpayee government than the Rao government. and yes, India too took the path of "Investment Driven Growth Rate", similar to China.... higher the investment in infrastructure, higher growth rate. for example of the current 5 years of plan, having around $1.0trillion investment in infrastructure, means for around $200billion a year in the $2.0trillion Indian economy on nominal terms, hence we would get at least 4%+ growth rate due to Investment in infrastructure only....

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).

http://profit.ndtv.com/news/politic...ed-for-infrastructure-during-12th-plan-310726

7th; and i repeat, the calculation of Indian Economic Reform 'includes' 1991, leaving no discount for manipulation of 10years growth rate comparison of 10 years of 1991-2000 to 1981-90, the 10 years of just before "early 1991 of Indian Economic Reform"... and yes, the strategic decision is taken by the concern departments as whole, so it was more the "Rao Government Economic Reform", in its true sense....
.
8th; The Share of Agriculture in GDP:- one more dominant factor in GDP calculation of Asian Economies, whats the share of agriculture which may hardly grow at around 2% on long run, mainly in case of Asian developing economies like India-ASEAN-China????? we find, GDP's overall growth rate is mainly determinant of Industrial and Service sector's contribution.

and for India, the 1981-90 10years time had around 35% share of Agriculture in Economy, 'on average for 1o years of 1981-90'.
while the 1991 to 2000 10years period had around 25% share of Agriculture in GDP, "on average" of 1991 to 2000.

means, 1981-90 period does suffer this dis-advantage too??? showing bit better performance of 80s as compare to India's Economic Reform period of 90s....

 

[santosh10]

.
9th; last but not least, first 8%+ growth rate of India was achieved by the year 2003-04,and then Mr Vajpayee retired by June 2004, after 12 years of Economic Reform of early 1991.
http://www.rediff.com/money/2004/jun/30gdp.htm

while, even before Vajpayee government which started since 1998, "the 7 years" of 1991 to 1997 of Rao led economic reform achieved hardly around 5.24 average growth rate, as per Excel Sheet calculation from the IMF's data's as below.

India GDP - real growth rate - Economy
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10th; and what the "economic reform" really means for? check the growth rate of China, including ASEAN region like Malaysia, Thailand, Indonesia, Philippines, Singapore, since their early 80s economic reform, as below. over 8.0%+ growth for these economies was a news almost every year during the 80s, while this happiness India achieved after 12 years of 1991 economic reform, by the financial year 2003-04

India is best comparable to CHina+ASEAN region 'only'. and its very true that first India had a 'late' Open Market Strategy, and also we got no learning of early 80s economic revolution in China+ASEAN.... just have a look on the 80s growth rate of China and ASEAN region as below, who had these open market strategy mainly since the early 80s..... and compare to first India's 8.0%+ growth rate by 2003-04,after 12 years of 1991 economic reform....

Malaysia: http://www.indexmundi.com/malaysia/gdp_real_growth_rate.html

China: http://www.indexmundi.com/china/gdp_real_growth_rate.html

Thailand: http://www.indexmundi.com/thailand/gdp_real_growth_rate.html

Indonesia: http://www.indexmundi.com/indonesia/gdp_real_growth_rate.html

Singapore: http://www.indexmundi.com/singapore/gdp_real_growth_rate.html

 

[santosh10]

In 50 short years, debt has gone from being a luxury for a few to a convenience for many to an addiction for most to a disease for all,

The problem is, the more debt we have, the more future income must be used to pay the debt and its interest, which reduces the money we have to spend on things. This works to slow the economy, Butler wrote.

http://www.rt.com/usa/166352-us-total-debt-sixty-trillion/

@Ray

sir, do we have any US's online soldier who may discuss my post as below?

=>

Today's US's people borrowing Debt with a Single Hope that new people will have to pay it anyhow, no way to run to Mexico, say

the above single red highlighted line of the above article tells the whole story, "whatever money the today's Americans are borrowing, will have to be paid by the coming generation."

and if we have a look on the above news, showing Total Debt of US rising from around $12trillion in 1990 to over $60trillion+ last year, within just 20-22 years, it looks like today's US's people just want to borrow debt with a hope that the new born people/the upcoming migrants "have to" pay for their debt, "anyhow", with no option to run to Mexico too, as discussed in the curve as below, showing net fall in Mexican born people in US since 2008 recession......

and if we have a careful look on this curve, this is the first fall of Mexican born population since 1930-45 period, since WW2

=> and why not, if we find a continued fall in Labor Force Employment Rate of USA from 66.2% in August/September 2008 to its lowest level at 62.8% last month. check the table as below, its the lowest level of "Employment Rate" of US since September 2008, which doesn't show it's better than any time since Lehman Brothers collapse in September 2008. and till then we find a parallel line at 66%+, showing no fall till August 2008 :ranger:

http://data.bls.gov/timeseries/LNS11300000
Bureau of Labor Statistics Data

and hence a similar rise in people dependent on Food Stamp in US since 2008 recession is also justified, a steep rise in the curves since 2008 as below......

Record 20% of Households on Food Stamps in 2013 | CNS News

=>

The labor force participation rate is the ratio between the labor force and the overall size of their cohort (national population of the same age range.)

https://en.wikipedia.org/wiki/Labor_force

Typically "working-age persons" is defined as people between the ages of 16-64. People in those age groups who are not counted as participating in the labor force are typically students, homemakers, and persons under the age of 64 who are retired.

What is the Labor Force Participation Rate?

=> and this is how US register drop in unemployment rate, as below.....

"Though the unemployment rate fell in March and April, both drops reflected fewer people looking for work, not more employment,"

http://www.rt.com/usa/160596-47-percent-unemployed-not-looking/
Nearly half of US unemployed have given up looking for a job — RT USA

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=> we already discussing record oil-gas pumping by US since 2008 recession in the thread as below:
http://*****************/threads/u-s-oil-output-to-overtake-saudi-arabias-by-2020.45883/


=> the impact of 2008 recession is also seen in the news as below:

http://www.cfr.org/defense-budget/trends-us-military-spending/p28855

 

[santosh10]

.
in the last post#139, the first drop in net Mexican population in US seen since 2008 great recession itself,which is similar to how migrants of A8 countries moving back from UK, as below too:-

Net A8 migration down 88 per cent
http://leftfootforward.org/2009/11/net-a8-migration-down-88-per-cent/

.
=>

Further to the above few 'upbeat' statistics of US since 2008 recession, we have record performance of US-UK in terms of crimes rate as below too:

https://en.wikipedia.org/wiki/List_of_countries_by_incarceration_rate#Incarceration_rates

in fact,Indian Hindu society is more on comparison with the Buddhist Japan as below, the richest and the most advanced nation of Asia, including on the world in comparison with US, Germany :thumb:

here, even the Germany with 90mil population, the largest EU's nation, looks doing pretty good as compare to Super Power US's 310 mil population, as below???? here as below, the UK/Britain is the worse figure among the EU's nations....

Adjusted for population growth over time, the annual rape rate in India has increased from 1.9 to 2.0 per 100,000 people over 2008-2012 period. This compares to a reported rape rate of 1.2 per 100,000 in Japan, 3.6 per 100,000 in Morocco, 4.6 rapes per 100,000 inBahrain, 12.3 per 100,000 in Mexico, 24.1 per 100,000 in United Kingdom, 28.6 per 100,000 in United States, 66.5 per 100,000 in Sweden, and world's highest rate of 114.9 rapes per 100,000 in South Africa.[31][129]

Rape statistics - Wikipedia, the free encyclopedia

=> while Homicide/Murder rate of America, a worse figure than Africa too, im myself answer-less ...... how Human life is so risky in this wealthiest part of world????

List of countries by intentional homicide rate - Wikipedia, the free encyclopedia
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A Crime mainly Means for its Seriousness

and i repeat, "Incarceration Rate is the best way to measure Crime Rate as we do know that long term imprisonment is applicable to serious crimes only. means, if there were few fighting on the streets then you would be released within days if no serious injuries. but if someone died, or someone was raped, then obviously you would go for a very long."

its so simple that, there might be so many driving offenses which can result is penalty only in most of cases, while a crime does means for its seriousness, like robberies/ murders/ serious assaults/ rape/ drugs smuggling etc....... even having small amount of drugs for personal use isn't a punishable offense in Australia, but smuggling drugs does means for 10years+ imprisonment, and here we mainly look on the Incarceration Rate comparison.

as we do know that even if many types of small crimes go unpunished in a developing country, like driving offenses etc, the major crimes like murders/rapes/robberies can't go unnoticed as we do have proper identities of civilians/IDs of people in developing countries like India/Indonesia/ Philippines/Vietnam type countries, and here we again find "Incarceration Rate" comparison of our interests
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=> something which is more interesting to discuss here, a major difference between American and Indian cultures, that is, Indians pay for their kids from the 'after tax' salary in US, while most of the Single Mother Kids of US-UK-Aus grow on tax money-social security of immigrant professionals of developing countries....

Washington: Indian Americans are the highest-income and best-educated people in the United States and the third largest among Asian Americans who have surpassed Latinos as the fastest-growing racial group, according to a new survey. :cheers:

The share of unmarried mothers was much lower among Indian Americans (2.3 per cent) than among all Asian Americans (15 per cent) and the population overall (37 per cent). :coffee:

http://www.ndtv.com/article/world/indian-americans-top-in-income-and-education-233757