Relax bro, it ain't gonna happen from an Indian living in HKG explain it beautifully, it will take decades maybe 30 years for India to reach China 2010 level, IF the Chinese adopted the Laisseze-Faire attitude of the Indians.
Indian Economics Thread II
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That's not a real Indian. That's some actor from Pakistan, Bengladesh, or Nigeria pretending to be Indian.Relax bro, it ain't gonna happen from an Indian living in HKG explain it beautifully, it will take decades maybe 30 years for India to reach China 2010 level, IF the Chinese adopted the Laisseze-Faire attitude of the Indians.
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India, soon world's most populous nation, doesn't know how many people it has.
In two months, India is projected to become the world's most populous country with over 1.4 billion people. But for at least a year, and possibly longer, the country won't know how many people it has because it hasn't been able to count them.
India's once in a decade census, due in 2021 and delayed due to the pandemic, has now got bogged down by technical and logistical hurdles and there are no signs the mammoth exercise is likely to begin soon.
"In the absence of latest census data, the estimations are based on data that is one decade old and is likely to provide estimates that are far from reality," Sharma said.
The main opposition Congress party and critics of Prime Minister Narendra Modi have accused the government of delaying the census to hide data on politically sensitive issues, such as unemployment, ahead of national elections due in 2024.
In two months, India is projected to become the world's most populous country with over 1.4 billion people. But for at least a year, and possibly longer, the country won't know how many people it has because it hasn't been able to count them.
India's once in a decade census, due in 2021 and delayed due to the pandemic, has now got bogged down by technical and logistical hurdles and there are no signs the mammoth exercise is likely to begin soon.
"In the absence of latest census data, the estimations are based on data that is one decade old and is likely to provide estimates that are far from reality," Sharma said.
The main opposition Congress party and critics of Prime Minister Narendra Modi have accused the government of delaying the census to hide data on politically sensitive issues, such as unemployment, ahead of national elections due in 2024.
If, as WHO and others believe that, millions of Indians have died of the Delta Covid variant during the pandemic, it might take a few more years for India to overpass China in population.
There were a few who had potential but they were all bought up by the Americans. Flipkart was giving Amazon a run for its money before Walmart scooped it up. The Modi govt knows that India is being colonised by the West economically and it had tried to introduce various laws favouring domestic champions.
However, the strength of China combined with the 2020 border clashes caused the Indian govt to put down its attempts as it understood just how weak India is compared to its North-Eastern neighbour and it needed the West's help. The quid pro quo is that India has to accept Western domination of its economy like a neo-plantation.
The latest strategy seems to be about giving Ambani and Adani a leg up. Adani's woes are now known by everyone here. Ambani has started a fight with Amazon and the Americans are accusing India of favouring him over Amazon (probably correct) but at the same time he also accepted lots of billions in outside investment from companies like Facebook, so the issue of economic domination remains the same.
There were other companies like PayTM but they flopped hard. Indians often brag about unicorns but if you look beneath the topline numbers, you'll realise most are "fintech" and "ecommerce" and other nonsense. In truly innovative areas like deep engineering, quantum, AI etc then India has almost nothing. It doesn't help that a significant chunk of its best and brightest migrate to the West. So later Indians can brag about how many Silicon Valley CEOs they have but are remarkably silent about how few innovative companies are back home.
As the recent news begin to percolate in the MSM globally regarding India as the most populous country in the world overtaking China, it's either going to be hyped as a good thing by most in the west (since they see India = China) for geopolitical reasons and to some and other doubters as a worrying trend, since the country can't sustain an increased in population while a persistent hunger, malnutrition, lack of education for the majority of Indians may become worsen due to lack of government funding and attention. It goes against the misplaced and overly hyped narrative of India becoming the much ballyhooed "Superpower India."
However, there's a growing trend of Indians choosing to leave India by giving up their citizenships in favor of the countries they emigrated to like the U.S. Canada, U.K. and other western countries for obvious economic benefits and appreciation of their human talents, creativity etc. Whatever benefits those former Indian gets make their now former country a NET loser since India loses her most creative, productive, and highly educated people that could have been utilized for the betterment of India further realizing it's noble goals of becoming a highly developed economic and military power.
Is this a sustainable way to build a country? What's the way for India to lessen the exodus of her people to seek greener pastures abroad by forsaking their country in the process?
Indian posters on this forum what's your thoughts on this topic? Does it concern you or this particular instance isn't really a cause for concern in your views and why not?
However, there's a growing trend of Indians choosing to leave India by giving up their citizenships in favor of the countries they emigrated to like the U.S. Canada, U.K. and other western countries for obvious economic benefits and appreciation of their human talents, creativity etc. Whatever benefits those former Indian gets make their now former country a NET loser since India loses her most creative, productive, and highly educated people that could have been utilized for the betterment of India further realizing it's noble goals of becoming a highly developed economic and military power.
Is this a sustainable way to build a country? What's the way for India to lessen the exodus of her people to seek greener pastures abroad by forsaking their country in the process?
Indian posters on this forum what's your thoughts on this topic? Does it concern you or this particular instance isn't really a cause for concern in your views and why not?
Basically shows that only East Asia (incl. ASEAN) is converging and everyone else isn't. On the other hand, convergence is a relative term. Latin America may not be converging but it is still much richer today in absolute terms than it was in the 1980s.
Another way to put it is like this: what if India reached 30% of G7 average GDP per capita but then got stuck there forever? But since the G7 per capita keeps growing, it also means India will get steadily richer even if it never fully converges. So life would still continually improve, albeit at a slower pace.
New Delhi: In what may be a dampener to its ambition to become a Vishwaguru, India may not become a superpower even in Asia at its current pace, according to Susannah Patton, the Southeast Asia Program director of Australia-based think-tank, Lowy Institute.
As to when India would start improving its scores and influence in Asia, she said, “That’s a very difficult question, because the trend that we have seen is not necessarily that India’s score is increasing. In some cases, the gap between both India and Japan (on one hand) and China and the United States on the other hand is growing,” Patton told ThePrint in a special broadcast Thursday.
As to when India would start improving its scores and influence in Asia, she said, “That’s a very difficult question, because the trend that we have seen is not necessarily that India’s score is increasing. In some cases, the gap between both India and Japan (on one hand) and China and the United States on the other hand is growing,” Patton told ThePrint in a special broadcast Thursday.
India needed the same growth speed as early China (10%+ consistently) to offset the growing population. That's why their GDP increase relative to pop is not that impressive.
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