Indian Economy for Dummies

shiphone

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Exports: Do you have any idea how much we exported in 2015?

Take a wild guess......

It is $ 264 billion, and we rank 20th. Weak industrial base :crazy: seems a joke to you, but not to the world.
1. WOW....how great "$ 264 billion" is!!!...but in 2011, it was 302.9 bn, and then 296.8 bn(2012), 314.8 bn(2013) , 322.7(2014)...



2. so called GDP(PPP) 3rd nation in the world only ranks 20th in export ,which is really not something worth being so pround...LOL... and it just proves the other's point...

why not have a look to find what the 1st-19th cournties are and how much they exported in 2015
------------------------------------
1. Mainland China 2274.9
2. USA 1504.9
3. Germany 1329.4
4. Japan 624.9
5. Holand 567.2
6. South Korea 526.7
7. Hongkong China 510.5
8. Fance 505.8
9. UK 460.4
10. Italy 459
11. Canada 508.4
12. Belgium 398.1
13. Moxico 380.7
14. Singapore 350.6
15. Russia 340.3
16. Switerland 289.8
17. Taiwan China 285.4
18. Spain 282.8
19. India 267.1 《--------- it's 19th
------------------------------------------------------------
but the so called 'Export' data can't reflect the so called ‘Industry base/ability'...coz some courntry export the raw material/resource mainly(Russia) and quite some country doing quite a lot transit trade(Hongkong ,Singapore, Holland etc).

here's another table about the manufactured products export..
on this table India export the 200.4 bn USD in 2014(of 322.7 bn all export ), which is about 1.64% of the total amount in the world...it might be able to explain how much the indian industry ability got improved step by step.

ps. left column in red: the manufactured products export amount(100 million usd) since 1980
right column: the proportion of total amount in the world
QQ截图20160504112854.png


BTW, on this table...

so called GDP(ppp)No.1 China: exported manufactured products worth 2201.6 (17.98%)
GDP(ppp)No.2 USA: 1163.8(9.51%)
GDP(ppp)No.3 or 4? Japan: 597.9(4.88%)
Germany: 1287.6 (10.52%)
Fance: (3.72%)
UK: (2.87%)
S.Korea: (4.04%)
Holland: (3.4%)
Moxico: (2.52%)

-------------
some Indian enjoy talking aboout so called GPD(PPP) which is really very funny...the reality hurts...
 
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HariPrasad-1

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@CrYsIs

You never cease to amaze me with your Stupidity.:yo::yo::yo: Hats off to you(r stupidity).

Now lets come to your points

Malnutrition: It is a serious problem, I agree with you. We are improving on that part. People like you are the best examples of Malnutrition.

Richness: It seems that you've gone with GDP percapita.

Well, USA ranks 9th!, China ranks 83rd!! and India ranks 122nd!!!

With GDP(Do not confuse with GDP Percapita) ranking we are 7th($ 2.1 trillion) in the world(Data as of April 2016).

USA ranks 1st!!! China ranks 2nd!!!, probably cross France 6th($ 2.4 trillion) and U.K. 5th($ 2.9 trillion) by end of decade(I hope so).

When world looks at the PPP, then China ranks 1st!!! USA ranks 2nd!!! and India ranks 3rd!!!

Just to Inform you, between 2000 to 2015 no of millionaire increased 400% and that is a good growth and your metric(GDP Percapita) increased 215%.

Exports: Do you have any idea how much we exported in 2015?

Take a wild guess......

It is $ 264 billion, and we rank 20th. Weak industrial base :crazy: seems a joke to you, but not to the world.

But don't worry the number is only going to improve thanks to Make in India, Largest FDI, huge infrastructure building 5 year plan 2017 to 2022.

and I asked you about the threads where you keep posting, I really want to follow your posts:biggrin2::pound:.

I value your contibutions, few people like Kunal and Indx enlighten us and you are a FIGURE OF FUN, a LAUGHING STOCK.

keep contributing to DFI:clap2::daru::clap2::hehe:
See, Indian economy much larger than one can guise. We have a huge parallel black money economy and real assets hardly appears st 40 to 50% of its value.
 

HariPrasad-1

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You see we have a huge domestic consumption and home demand is very high so we export less. You guys are more dependent on Export unlike us.
here's another table about the manufactured products export..
on this table India export the 200.4 bn USD in 2014(of 322.7 bn all export ), which is about 1.64% of the total amount in the world...
 

shiphone

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LOL...oh, some famous idiot now is not crying for the so called imported manufactured products dumping...LOL

but how huge would the so called inner demands be in such a low per capita GDP nation? LOL...some idiots have no idea at all.

and the reality is...
tt.jpg
 
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HariPrasad-1

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LOL...oh, some famous idiot now is not crying for the so called imported manufactured products dumping...LOL

but how huge would it be in such a low per capita GDP nation? LOL...some idiots have no idea at all.

and the reality is...
View attachment 8489
You are such an idiot who post graph without any reference of country. You only know what you write.
 

garg_bharat

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manufactured products export amount
Your criteria is very good and shows competitiveness of Indian industry vs the World.

the so called imported manufactured products dumping
India is sensitive to imports of low value products as such products are easily made in India and such industries employ large number of people. The current depressed domestic demand is hurting industry, which in turn is due to downturn in agriculture as well loss of employment in consumer products industries.
 

garg_bharat

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Top exported products from India (2014)

1. Petroleum products: 61.2 billion dollars

2. Precious stones: 41.2 billion dollars

3. Automobile: 14.5 billion dollars

4. Machinery:13.6 billion dollars

5. Bio-chemicals: 12 billion dollars

6. Pharmaceuticals: 11.7 billion dollars

7. Cereals: 10.1 billion dollars

8. Iron and steel: 9 billion dollars

9. Textile: 9 billion dollars

10. Electronics: 9 billion dollars
 

Flame Thrower

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@shiphone

I had to bring PPP because, it shows the real comparison between two countries. Unlike GDP percapita which is highly effected by no. of population, but not because my ass hurts.

I am no expert in economics, left reading it after my tenth standard. Thanks to CrYsIs, I came to know lot of things. I choose PPP because of all the metrics out there PPP seemed best to compare countries economic position.

I agree that when exports are listed, I should have thought of raw materials too. Exports of manufactured goods is over $ 190 billion.

http://www.tradingeconomics.com/india/exports-of-manufactured-goods

The number is low but it will only increase, investments are comming(thanks to China's Economic Bubble). When all the economies shaked with this bubble, India seemed a bit less shaky and investors got the confidence. Make in India scheme, you know about this right.

PS: Some Idiots like you don't (don't want to) know why India is an attractive market??

Manufacture it cheaply, sell it to lot of local customers and then sell everywhere around the world.

Compared to China(in exports) rest of the world comes no where and knows Chinese standars. World knows(i phone manufacturing plant) your manpower handling ability.

Few factories in China pay money to North Korea for exporting lobour. They pay very little to North Koreans(treated as slaves, living in Jail like environment) and huge amounts to their Supreme Leader. I remeber it to be $1 Billion earned by the Supreme Leader around ~2014(2013) not sure of year.
 
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Indx TechStyle

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1. WOW....how great "$ 264 billion" is!!!...but in 2011, it was 302.9 bn, and then 296.8 bn(2012), 314.8 bn(2013) , 322.7(2014)...



2. so called GDP(PPP) 3rd nation in the world only ranks 20th in export ,which is really not something worth being so pround...LOL... and it just proves the other's point...

why not have a look to find what the 1st-19th cournties are and how much they exported in 2015
------------------------------------
1. Mainland China 2274.9
2. USA 1504.9
3. Germany 1329.4
4. Japan 624.9
5. Holand 567.2
6. South Korea 526.7
7. Hongkong China 510.5
8. Fance 505.8
9. UK 460.4
10. Italy 459
11. Canada 508.4
12. Belgium 398.1
13. Moxico 380.7
14. Singapore 350.6
15. Russia 340.3
16. Switerland 289.8
17. Taiwan China 285.4
18. Spain 282.8
19. India 267.1 《--------- it's 19th
------------------------------------------------------------
but the so called 'Export' data can't reflect the so called ‘Industry base/ability'...coz some courntry export the raw material/resource mainly(Russia) and quite some country doing quite a lot transit trade(Hongkong ,Singapore, Holland etc).

here's another table about the manufactured products export..
on this table India export the 200.4 bn USD in 2014(of 322.7 bn all export ), which is about 1.64% of the total amount in the world...it might be able to explain how much the indian industry ability got improved step by step.

ps. left column in red: the manufactured products export amount(100 million usd) since 1980
right column: the proportion of total amount in the world
View attachment 8488

BTW, on this table...

so called GDP(ppp)No.1 China: exported manufactured products worth 2201.6 (17.98%)
GDP(ppp)No.2 USA: 1163.8(9.51%)
GDP(ppp)No.3 or 4? Japan: 597.9(4.88%)
Germany: 1287.6 (10.52%)
Fance: (3.72%)
UK: (2.87%)
S.Korea: (4.04%)
Holland: (3.4%)
Moxico: (2.52%)

-------------
some Indian enjoy talking aboout so called GPD(PPP) which is really very funny...the reality hurts...
So, Chinese exports didn't fell? :biggrin2:
They too fall.
Look buddy, India isn't a manufacturing hub. it's a service based economy who's now a days busy in trying to get manufacturing base. 13th 5 years plan will decide.
Let us be and then troll.
but how huge would the so called inner demands be in such a low per capita GDP nation?
Or a Nation with one of highest GDP Per capita growth rate which could be double in a decade? :rolleyes:
Better not to troll.
 

pmaitra

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I got this doubt after seeing IMF Loan is only around 5 billion $, and we keep hearing various CM's talking about IMF loans for various projects. I am assuming 5 Bln would not cover all state government loans.

Hence the assumption that state governments take external loans, for example : now a days I am hearing Naidu of andhra taking lot of loans from JICA, central govt does give sovereign guarantee for those loans. Not sure if those loans reflect in central govt balance sheet.
It is possible that State Governments might have external debts. I am not sure whether it is direct, or via the RBI.

In any case, it would be wise not to get too much into debt. With elections in the US, and the possibility of import substitution in the US and abandoning of trade agreements, India could take a hit.
 

Peter

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