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India has surpassed Japan to become the fourth-largest economy

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Re: India has surpassed Japan to become the fourth-largest economy

#31

Post by spwa4 »

giacomoforte wrote: post #15
password54321 wrote: post #14

Earlier quoted context omitted.

You are right, I think I forgot a couple more 0s.

So racism?

I think that if you compare the worst poverty that Japan is willing to accept versus the worst that India is willing to accept ... some people die of hunger in India. People barely die of preventable diseases in Japan, and none of hunger.

India has a space program ... and India has people living off the land like they lived 6000 years ago.

And then you calculate and realize that in fact that, first, India could have the same standard. They have the money to do that. It is possible. Second, actually doing that would be the best thing that could possibly happen to the Indian economy. Hell, you could slowly implement this over 20-30 years and that would later be described as "creating a golden age".

In other words, Indian poor are kept poor to maximize the difference between the rich and the poor. If the poor were simply given money, one would expect that to 100x the wealth of rich Indians. And they're NOT doing it.

... and as bad as that is, then you look at Pakistan. WTF.

Re: India has surpassed Japan to become the fourth-largest economy

#32

Post by gsky »

threethirtytwo wrote: post #4

Per capita is the more meaningful number. Look up the rankings. The difference is dramatic. For trajectory note that the Indian population is growing while japans population is shrinking. So taking all that into account per capita it’s about 50 years before India catches up with Japan if current rates stay the same. I can guarantee rates will not stay the same.

PPP what matters

Re: India has surpassed Japan to become the fourth-largest economy

#33

Post by coffeeaddict1 »

Unfortunately, this metric is only relevant for geopolitics. The people of India still live in a country full of corruption at every political level, with basic hygienic and health needs unmet, an almost toxic air pollution level in big cities, very poor infrastructure, etc...

It's a beautiful place, but I wouldn't want to live there.

Re: India has surpassed Japan to become the fourth-largest economy

#35

Post by ahmetomer »

I think that boasting about GDP numbers, with a spice of nationalistic impulse, does not really look good in this case. One can feel proud of the upward trajectory but with a population of 1.4 billion people, a natural competitor of India would be China, which is approaching $20 trillion, and not the 120 million people of Japan. Of course, there will be marginal improvements in relation to the rise of GDP but one needs to look at the quality of life of an average citizen. GDP per capita is something to look at but still very flawed and skewed, not in favor of most of the citizens. A lot of the hardships that the "normal" citizen faces are difficult to just take out of these numbers.

Re: India has surpassed Japan to become the fourth-largest economy

#36

Post by wtcactus »

gsky wrote: post #29
toomuchtodo wrote: post #3

Earlier quoted context omitted.

California has a population of 40M people, India 1.4B+, so surpassing California shouldn’t be surprising as India rapidly develops.

California wasn't colonised but india was for 200 years by Europeans

And they managed to end slavery and the caste system while they were there (that unfortunately came back as soon as India got independent again).

No need to thank the “Europeans”. You’re welcome.

Re: India has surpassed Japan to become the fourth-largest economy

#39

Post by harvey9 »

gsky wrote: post #29
toomuchtodo wrote: post #3

Earlier quoted context omitted.

California has a population of 40M people, India 1.4B+, so surpassing California shouldn’t be surprising as India rapidly develops.

California wasn't colonised but india was for 200 years by Europeans

How would you describe the arrival of people from Europe and elsewhere into what is now California?

Re: India has surpassed Japan to become the fourth-largest economy

#40

Post by LarsDu88 »

About 70 years ago India decided to adopt Western style Democracy but Soviet style Command economy whereas China adopted Soviet style everything.

Then China started market reforms and liberalization in 1978 whereas India actually started 13 years later in 1991. Both cpuntries have seen massive growth, but the rate of growth in India has simply not kept up with China, and there is also the compounding effect of having starting earlier with more government support in China.

We really should expect to see India continue to improve, but the thing folks tend to not see is that by mere virtue of being closer to the equator, India will suffer massively massively more from Climate Change. The projections are pretty extreme. Unless you live at higher altitudes like Uttar Pradesh in India, you will be screwed

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