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  1. CrYsIs

    IMF projections for BRIC nominal GDP (2015-2019)

    Continuing with my so called cynicism,there is a big difference between promising to invest and actual investment. Let them put the first brick in place and only then we can celebrate.I have seen companies promising an investment worth hundreds of billions of dollars with millions of jobs,in...
  2. CrYsIs

    IMF projections for BRIC nominal GDP (2015-2019)

    That was a nice attempt at encircling me. cheap prices = poor country and Expensive prices = Rich country are not analogies. Many poor places are suffering from very high inflation and therefore things there are expensive and many rich countries have goods and services in abundance and...
  3. CrYsIs

    IMF projections for BRIC nominal GDP (2015-2019)

    Just because the cost of living in a city is high does not mean that people inhabiting there are richer with higher standards of living. Compare Harare to Delhi.Cost of almost everything in Harare is higher than in Delhi including rent prices and groceries but beyond the reach of the...
  4. CrYsIs

    IMF projections for BRIC nominal GDP (2015-2019)

    No,you are wrong there.Manufacturing has yet to move from China to India.Media reports say that many have moved to SE Asia instead of India. India despite have much lower costs is still not favoured by manufacturers,precisely because of the cumbersome laws relating to labour and land.Ofcourse...
  5. CrYsIs

    IMF projections for BRIC nominal GDP (2015-2019)

    The countries you mentioned are an exception and not the norm.When you grow wealthier your needs and wants too increases exponentially which increases the cost of living. India is cheap simply because majority of people are willing to work at slave wages.
  6. CrYsIs

    IMF projections for BRIC nominal GDP (2015-2019)

    As long as we trade with other countries,GDP nominal will always be the measure of the size of an economy. And India's position of being the cheapest place is nothing to celebrate about,it just goes on to show how poor the country really is.
  7. CrYsIs

    IMF projections for BRIC nominal GDP (2015-2019)

    I understand that,but per capita income is the better method of comparing two countries and the living standards of it's people.
  8. CrYsIs

    IMF projections for BRIC nominal GDP (2015-2019)

    what is with this fixation with the size of the economy.Think about per capita income.
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