Indian Economics thread.

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Bellum_Romanum

Brigadier
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Like I said, Indians never improve themselves because that's too hard. It's much easier to lie to your people and just say the other guy's hiding his failures/casualties. That going on for 6 decades is how you go from being larger than China's economy to ~1/6th the size while still feeling proud.

Let's hear why. This is gonna be funny.

Still the largest telecomm company in the world and cellphone arm is actually recovering with the use of domestic chips. American sanctions are the last challenge; after that is defeated, there is no limit. India, on the other hand, has nothing remotely able to compete with Huawei, any arm of it, sanctioned or not.

Which is why China's global trade has increased every year, right?
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Foreign direct investment is at an all time high, and Indian ability to lie is at an all time low...
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Likely? Are you guessing again? Let's look at GDP and not nitpick small, often imaginary things, eh? What the f is a unique startup??? China has 135 companies on the Fortune500, more than any other country and last year, it added 11 companies, more than India's total of 7. That's a big picture.

Actually, China's growth is fueled by a rising population of city-dwellers and a diminishing population of rural citizens. Basically, China's dependent on population migration, not growth. Also, high tech manufacturing reduces the need for young strong bodies as many are replaced by machines operated and designed by a leaner more educated workforce. China's growth continues every year and to Indians, China's always a few years away from shrinking and India's always a decade or 2 from overtaking China. It has been their fantasy since China overtook them.

Japan, on the otherhand, if I were an Indian, I'd watch my mouth talking about Japan. Japan has 1/10th the population of India but still a GDP way higher than India and modern tech far more impressive than India. Japan's got 53 companies in the Fortune500 to India's 7, which basically makes India the bitch of the country that is the bitch of Japan; you're Japan's grand bitch despite them having a population 1/10th yours. China's nowhere near going the way of Japan but even if it was, India would still have no chance.

We get it, man, India never has proof, only has stories. No wreckage, no recording, no satellite images, just stories. Even when there's counter-evidence, India still insists on its stories LOL Hey, I killed 3 male silverback gorillas last night in empty handed combat but had to leave the corpses so the park rangers don't arrest me. During the fight, one of them broke my cellphone camera... it's working again today after a good night's rest. Don't ask me for proof; how can I have proof? Just believe me LOL
Japan has 1/10th the population of India but still a GDP way higher than India and modern tech far more impressive than India. Japan's got 53 companies in the Fortune500 to India's 7, which basically makes India the bitch of the country that is the bitch of Japan; you're Japan's grand bitch despite them having a population 1/10th yours. China's nowhere near going the way of Japan but even if it was, India would still have no chance.
Lol Another Savage comment dayumm!! This thread has enthralled and entertained me to no end. Levity provided by our Jai Hind resident friends.
 

Overbom

Brigadier
Registered Member
Bravado and delusions aside, I hate to bring up a sobering question for India. The average IQ for its 1.4B people is 76 according to the link below, it is 6 points below world average. How do these people with below-average cognitive skills EVER hope to compete globally and hope to achieve above-average prosperity? The simple answer is they do not and cannot unless the country have some competitive edge in other areas like natural resources or geography. India has none. India can't even store water as its land is too flat.
Interesting link.

China is 4th in the world with an average IQ of 104.1 for 1.4 billion people (Japan is first with an IQ score of 106.48)

On the other hand, India is 143rd on the world has an average IQ score of 76.24 lol

To give you a further idea on how ridiculous is the thought of India competing with China, consider this:
On the IQ score, India is closer to the 193rd in the world (of a total of 199 countries..), Nicaragua which has 52.69, than with China which has 104.1

TLDR: India should look to compete with Nicaragua and forget about competing with a 1.4 billion population with an average IQ score of 104.1.


As all studies show that smart couples birth smart children, if it would happen, systemic migration to China should only be allowed from:
Japan (IQ 106.48)
Province of China, Taiwan (IQ 106.47)
Singapore (IQ 105.89)
HK, China (IQ 105.37)

and
(notice the drop..)
South Korea (IQ 102.35)
 
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kentchang

Junior Member
Registered Member
Interesting link.

China is 4th in the world with an average IQ of 104.1 for 1.4 billion people (Japan is first with an IQ score of 106.48)

On the other hand, India is 143rd on the world has an average IQ score of 76.24 lol

To give you a further idea on how ridiculous is the thought of India competing with China, consider this:
On the IQ score, India is closer to the 193rd in the world (of a total of 199 countries..), Nicaragua which has 52.69, than with China which has 104.1

TLDR: India should look to compete with Nicaragua and forget about competing with a 1.4 billion population with an average IQ score of 104.1.


As all studies show that smart couples birth smart children, if it would happen, systemic migration to China should only be allowed from:
Japan (IQ 106.48)
Province of China, Taiwan (IQ 106.47)
Singapore (IQ 105.89)
HK, China (IQ 105.37)

and
(notice the drop..)
South Korea (IQ 102.35)

Since talking about IQ may not be politically correct in many circles, PISA scores have served as a great proxy.

If you compare the two lists, you'll see the close correlation.

No doubt India's number will improve as nutrition gets better. However, the biggest predictor of educational success is a country's female literacy rate and India is still very far behind. These are generational changes so

One key point worth noting is that important scientific breakthroughs are done by people at the extreme top end of the IQ scale. This bodes well for Confucian/East Asian countries as breakthroughs confer/translates into true competitive edge.

I'll forward a German study on top-tier genius distribution when I find it.

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When one also considers the case of India, the situation is even more bleak. Two Indian states – Tamil Nadu and Himachal Pradesh –
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in the 2009 PISA exercise. Although they were among the best-performing states in India, they were ranked in the bottom three PISA participants for all three criteria.
 

mossen

Junior Member
Registered Member
On the topic of IQ and economic growth, there is a lot of literature suggesting that there is a close link so it's a legitimate topic, IMO.

But I don't think you should take numbers showing India whatever low IQ number they are usually given very seriously.

Remember that India has (still!) very high stunting rates and malnutrition, which massively depresses intelligence. If you look at diaspora Indians, even those from "lower" castes, then they do pretty well economically by the 2nd and 3rd generation.

Take Singapore. By 1990, Indians were earning almost 90% of ethnic Han Chinese and this was before the great wave of skilled Indian migration had begun in earnest. Most of the Indians in Singapore were offspring of "lower" castes or even indentured servants who migrated from Malaysia, put there by the British to do menial work.

So, while India has a lot of problems, I wouldn't take their IQ numbers very seriously since you have to partial out stunting rates/malnutrition first. Same goes for PISA insofar as it's a proxy for intelligence (if you believe standardised tests measure intelligence, which I am not so sure of).
 

mossen

Junior Member
Registered Member
BTW, despite India's latest quarterly growth rate of ~4%, they are still below even mediocre trendlines post-2018.


FUFovaeX0AI0HsY.png

Note this is inflation-adjusted 2018-chained rupees. At this rate, it doesn't look they will catch up to ~7% trendline growth rate path that they had prior to 2018, ever. That is, if you believe the official data, which e.g. Arvind Subramanian does not.
 

iioklwwelo

New Member
Registered Member
On the topic of IQ and economic growth, there is a lot of literature suggesting that there is a close link so it's a legitimate topic, IMO.

But I don't think you should take numbers showing India whatever low IQ number they are usually given very seriously.

Remember that India has (still!) very high stunting rates and malnutrition, which massively depresses intelligence. If you look at diaspora Indians, even those from "lower" castes, then they do pretty well economically by the 2nd and 3rd generation.

Take Singapore. By 1990, Indians were earning almost 90% of ethnic Han Chinese and this was before the great wave of skilled Indian migration had begun in earnest. Most of the Indians in Singapore were offspring of "lower" castes or even indentured servants who migrated from Malaysia, put there by the British to do menial work.

So, while India has a lot of problems, I wouldn't take their IQ numbers very seriously since you have to partial out stunting rates/malnutrition first. Same goes for PISA insofar as it's a proxy for intelligence (if you believe standardised tests measure intelligence, which I am not so sure of).

You can't make an exception for India just because you are an Indian.

Absurd.

Earnings have little to do with IQ. How many of the most intelligent scientists and thinkers in history were the richest?

How many kings, queens, emperors, politicians, tycoons and their heirs were rich?

You can't compare with Singapore because it acts as an autocratic tax evasion and money laundering hub. In Hong Kong, a property agent or insurance agent earns more than a TSMC fab operator. My understanding is that a property agent really does not require much in the form of specific knowledge or thinking or skills that any third world country can not supply.

Not just any third world country can produce a TSMC, UMC, MediaTek, Transcend or the numerous other IT hardware parts, components and system designers and manufacturers that Taiwan or Korea has produced.

If you talk about Singapore, the Malays and all other Muslims have always been systematically targeted and discriminated against. It has always been the Israel of the East and an avowedly pro Israeli entity. Despite that, Malays in Singapore earn more than Chinese in China or Indians in India, on average. This is a misleading statistic because, in the first place, even the lowest possible salary for an entry level admin job in Singapore would fetch more in salary than middle aged salarymen in India could or maybe they could do in China, on average.

If we look at all the Chinese, Malay and Indian majority countries on their own, we might obtain better datasets. The Chinese majorty societies like Taiwan, Hong Kong, Singapore, Macao, China usually are richer than Malay majority societies Brunei, Malaysia, Indonesia and Phillipines, and those are usually richer than Indian majority societies such as India, Sri Lanka. You could add Fiji, Mauritius or Guyana as interesting datasets but nothing more than that should be concluded from economic numbers.

Ukraine or Russia are more technically advanced than a Hong Kong or Macao, I would guess, but unable to confer that advancement into economic development. Same is true of Australia or New Zealand, Denmark or Netherlands in comparison with let's say, China or Russia.
 

iioklwwelo

New Member
Registered Member
I'll forward a German study on top-tier genius distribution when I find it.

---------------------

Please, Log in or Register to view URLs content!

When one also considers the case of India, the situation is even more bleak. Two Indian states – Tamil Nadu and Himachal Pradesh –
Please, Log in or Register to view URLs content!
in the 2009 PISA exercise. Although they were among the best-performing states in India, they were ranked in the bottom three PISA participants for all three criteria.

They should not conflate all of Asia with East Asia/Confucian societies. North Korea, as an hermit, isolated regime, continues to underperform.

The only schoolchildren who outperform Western schoolchildren on rigid tests are East Asian, maybe partly, due to their rigid schooling systems. Japan and other developed Asian countries are beginning to shed their dogmatic, rigid approach to adopt a more flexible one. That's why you are beginnng to see those democratic East Asian countries slip up in these rankings in recent years.
 

iioklwwelo

New Member
Registered Member
But in all honesty and despite my annoyance with our Indian friends on this thread, I personally want India to succeed and attain it's full potential because her success will be Asian success and it will be good for China and all of Asia because in my opinion it'll further strengthen India's role and importance within the Asian hemisphere and frankly to balance the arrogance of the west which is composed of US and EU.

There is nothing that binds Asia together. Nothing at all.

Why should Saudis form closer ties to Singapore or Japan than to Egypt, Ethiopia or Sudan?

Why should Japanese form closer ties to Iran than the USA?

Why should China form closer ties to India than to Cuba or Belarus?

Just being Asian is not a compelling enough reason since there's nothing else binding them together. They do not even know what it means to be Asia as opposed to an African or a European. These are just political boundaries. You might as well call it Eurasian-Afro continent or supercontinent.

The other continents being Americas and Australia.

And no, none of India's neighbours would like to see a stronger India. They'd much rather see an India that is much weaker but thanks to Western backing, the exact opposite has happened. Meanwhile, Chinese foreign policy, as before, has suffered a setback in the Pacific. Chinese foreign policy experts are in need of some education. Their first venture into the South Pacific has failed.

They are unable to deal with a weak, backward, smaller India to its south. The Himalayas have saved them much trouble. Worse yet, the Chinese foreign policy ensures that right in their doorstep brews a hotspot for trouble in Taiwan with Japan and Korea under the boots of Amercans, who reside across the ocean some 8-10,000 km away.
 
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