this is false information. China is fourth largest economy in terms of atlas method. and its GDP is 2.36 trillion dollars, while that of India it is 0.95 trillion dollars. Interms of perchasing power parity China ranks 3rd. The author mixed the PPP with atlas method and shown as if Indian GDP is about 7 times lesser than China. Let him read the details properly.
RE:China's economy is not 7 times larger than that of India's
by Ghanta on Jul 24, 2008 07:12 PM Permalink
Yes I think Chinas economy is just 2-3.5 more than India (GDP as well as PPP terms), India has already cross $ 1 Trillion in terms of PPP. Pata nahin kaise dhakkan log rediff pe article likhte hein
RE:China's economy is not 7 times larger than that of India's
by panduranga vittal on Jul 24, 2008 07:27 PM Permalink
According to world bank statistics for 2007 Chinas GDP in terms of PPP is 7.05 trillion dollars, and that of india it is 3,09 trillion dollars. It is cleatrly mentioned according to this that China is now 2nd largest economy ( improved now from 3rd) and india remained 4th largest econnomy. Japan is 3rd with 4.28 trillion dollars. love to all
RE:India's Vision 20 - 20
by Krukshetra Thunder on Jul 24, 2008 07:13 PM Permalink
This is height of pessimism. ARe you living in 19th century? in 21st century, India's young population is seen as it biggest advantage. It 300 million strong middle class has become the most attractive for the other countries as there is not other country with such a huge population with purchasing power. while Europe is facing the problem of greying population and fewer younger people it will be countries like India and China who will inherit the world. If you are afraid that you might not get to eat because of our increasing population migrate to iceland. for Indians there will be no dearth of food as long as long as they are ready to hard work. Produce more children and enjoy the life should be the motto (only if you have guts).
RE:India's Vision 20 - 20
by rajesh on Jul 25, 2008 10:03 AM Permalink
what a joke mr.thunder.. what about basic infrastructure like land,water,power etc for the population..will we have any magic in our hands
RE:India's Vision 20 - 20
by Rahul on Jul 24, 2008 06:32 PM Permalink
Yeah and by 2020 you will still be here on rediff whining about India's lack of growth like a loser.
RE:India's Vision 20 - 20
by rajesh on Jul 24, 2008 06:36 PM Permalink
common, how can u say india can grow?? india can grow only with population. farming sector is growing with 2% and population growing with 2.8%..is this is not enough for u to agree that we are the culprits for global food crisis
RE:India's Vision 20 - 20
by Rahul on Jul 24, 2008 06:46 PM Permalink
Your reasoning is totally ignorant and wrong. It's been written in a number of articles that India/China are not the cause of food crisis. Besides, you're talking as if people in India should stop eating food and starve to death to prevent a food crisis. Are you a NRI by any chance ?
RE:India's Vision 20 - 20
by Tathagata Mukherjee on Jul 24, 2008 07:19 PM Permalink
Common after 2008 Indian condition will change in terms of all you mentioned because nationlist will take over india. and poor will be poor and Rich will be Rich there will more millonaires from India the time you stated.
Liechtenstein - This country is bordering Austria, Germany and Switzerland so all rich people from these countries form their residence there and then use low tax bracket. This country does not have its own industries, instead they use other peoples money and earn interest on it.
Bermuda, Luxembourg, Cayman Islands - These three countries are tax heaven. Means Rich people from around the world form their residence there and route income from high taxing countries there.
Ireland - Ireland is tax heaven for corporations. Just to give you idea, Google and Amazon operate into UK however they have headquarters in Ireland. Makes sense?
Switzerland - I dont need to explain that Switzerland is biggest vault of world's black money. Tourism income of this country is just peanuts; its real business is banking.
Qatar - Oil, Oil, Oil - with very less population of own. Most of population is temporary in this country.
Iceland - This country has natural resources which produces power. With very less population its per capita income shoots up.
Norway, Denmark, Sweden - These countries have excellent industries like softrware and engineering and finance. With less population, they obviously become high capita income group.
United States of America - owning oil companies in middle east, owning manufacturing companies in China shoots up income of this country.
China - Although income of this country is going up, it is held by few people and government. On top
RE:Here is real picture:
by vinnie on Jul 24, 2008 06:32 PM Permalink
Continue -....... China - Although income of this country is going up, it is held by few people and government. On top of that majority of manufacturing companies are owned by USA, which increases income.
Pakistan - Once Pakistan realised that India progressed so much in last 20 years and they were left behind due to their policy; they now started to invest in education; which is helping to build up economy. India has got impressive record of NRI remittances, howevet it is small percentage of economy. Pakistani's living in developed countries are sending remittance which forms large percentage of economy.
RE:Joke of the day
by Ateeq ur rehman on Jul 24, 2008 06:10 PM Permalink
and few peoples just keep on absuing, inspite of counting their own uncle, brother and sisters., what so ever it is for your kind information my family is not in india, its you who are in account.
