GDP isn't very good at discerning the details. I will make 1 point. China's GDP 15 - 20 years ago was a much larger percentage of total global GDP back then compared to India's percentage of total global GDP right now.
Impact of China's rise in the world - Long term predictions (30-50 years)
- Thread starter tamsen_ikard
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GDP isn't very good at discerning the details. I will make 1 point. China's GDP 15 - 20 years ago was a much larger percentage of total global GDP back then compared to India's percentage of total global GDP right now.
Absolutely garbage. There are many educated estimates for how many Indians died. See NYT estimate from a few weeks ago (). The only reason the per capita rate may have been 'better' is because half of India's population is under 25 and have probably built up strong immune systems from living in dirty conditions for most of their life. Oh, and the ones who had poor immune systems already died (you know the estimated 824,000 annual under age 5 mortality, ). In any case, the sad reality is most people in the world, except a few on this forum, and many in India itself, don't know, won't know, and don't care to know what the real toll is.
I beg to differ. China will still be populated with Chinese people in 500 years. What about the US?
As long as America's political system remains, it will always be a corporate-run, militaristic imperialist hellhole. Regardless of the color of the people running it
PiSigma
"the engineer"
He also forgot that what India considers to be a literate person is anyone who can write their own name... The same standard Chinese people apply to their 5 year olds.
In china, to be considered literate, need to know 5000 characters by 16.
So India's real literacy rate is much much lower than the 70% they promote. It's actually 20-30% lower, especially for women. There is a reason why voting in India is most done with a thumb print on the ballot and not written in name.
Look, I am not one to say that India doesn't have the 'potential' in the future. Here is how I look at it. China's per capita gdp is still ranked #61 by the IMF as of 2021 (). Some neighboring countries on that list above China are Palau, Panama, Romania, Uruguay. Notably, post-pandemic, China has now surpassed Brazil, Turkey and Russia, something unimaginable 20 years ago.
The bottom line is this: even if you were to go all the way to the top of that list where the US stands, it is painfully obvious that no other country on Earth has the breadth and depth of talent, resources, and technology to go toe to toe with the US. Not Britain, France, Germany, Japan, or Korea. Only China presents a serious challenge.
India will have to prove that it is an exception and an outlier as well, nominal or PPP GDP be damned.
The bottom line is this: even if you were to go all the way to the top of that list where the US stands, it is painfully obvious that no other country on Earth has the breadth and depth of talent, resources, and technology to go toe to toe with the US. Not Britain, France, Germany, Japan, or Korea. Only China presents a serious challenge.
India will have to prove that it is an exception and an outlier as well, nominal or PPP GDP be damned.
Something is very suspect.
According to the World Bank***, in 1990 India's per capita GDP (PPP), measured in constant 2017 international dollars, was actually 27% larger than China's (1809.80 for India, 1423.90 for China).
So someone was probably faking data, either India or China, or both. On reputation, the probability is that India was doing the faking -- and is still doing it.
*** Here's how I got the numbers:
1. Download from the World Bank. It's a ZIP file.
2. Unzip this.
3. One of the extracted components is a CSV file called "API...2447732.csv".
4. Load the CSV file into your favorite spreadsheet. I used Gnumeric.
5. You will see data for all countries. Compare the India/China lines.
'Impact' not 'Response' Modi's response to the 2nd wave was dire, literally Nero like, the impact, however, has not to date been quite as severe as in the nonchalant west, with lives at least, but those rosy IMF and world bank predictions of growth from the beginning of the year are down the toilet! Never mind there's always next year and the year after that, 'One day, Rodney we'll be millionaires'
The India has potential argument is just that 'potential' the realisation of that potential is as distant today as it was 20, 40, 60 years ago,
buy a lottery ticket every week and you have the potential to be a millionaire, doesn't mean its automatic! That's the issue with your entire premise, which boils down to
'Look I have a lottery ticket ipso facto I'll be a millionaire, look there's 1.3 billion lottery tickets we'll be a super power! Why are you disagreeing with me? If you don't have a lottery ticket you'll never be a millionaire, so I must be right!'
AssassinsMace
Lieutenant General
Indians use to brag India had more billionaires than China. Now China has more billionaires than India. You hear the excuse that China is only ahead of India because it had a head start on economic reforms. Then how did they once have more billionaires than China. It's the same problem that exists today which is in India the wealth gap is far more greater than it has ever been in China. All the money is in possession by the few which is why the median household income for the average Indian family is actually far lower than the official median.