Is India really growing faster than China?

varyspro

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Quote from: malikusama on October 23, 2016, 07:55:45 AM

Although the population of the both countries is approximately equal but India is far behind China. GDP growth rate of China is 9.8% while the GDP growth rate of India is about 6.23% during period 1980-2014.

So I say that the number of people living and cheap labor - not the main thing. India lags behind China in many respects

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Although the population of the both countries is approximately equal but India is far behind China. GDP growth rate of China is 9.8% while the GDP growth rate of India is about 6.23% during period 1980-2014.

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Quote from: bryant.coleman on October 21, 2016, 04:25:02 AM

Quote from: socks435 on October 19, 2016, 01:11:54 PM

Quote from: bryant.coleman on October 19, 2016, 12:52:41 PM

Quote from: DZU1410 on October 17, 2016, 08:34:00 AM

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Cheap labor is not the only advantage for China. There are others, such as low taxes, lax environmental regulations, low corruption, no red tape, governmental support, homogenous population.etc. In India, cheap labor is there. But that is their only advantage. But even the cheap Indian labor is not trouble-free. They are prone to striking at will, for the silliest of the reasons.

I think not only for that advantage about china they are also advantage in newly technology almost all robots or any hi-tech technology is from china.. or even our assesories and phone parts or computer parts you can get it all in china.. many advantages in china that almost all countries have none.

I would have to disagree with you there. Asian nations such as Japan and Taiwan are currently the leaders in hi-tech innovation and automation technology. China is lagging behind. However, they are quite good in churning out cheaper imitative products. Still, the situation is changing... A lot of technological advance is being made in China.

Yes, a lot of cheap products produced there. But India is far even before the release of counterfeits. So she will not soon catch up with China

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Quote from: socks435 on October 19, 2016, 01:11:54 PM

Quote from: bryant.coleman on October 19, 2016, 12:52:41 PM

Quote from: DZU1410 on October 17, 2016, 08:34:00 AM

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Cheap labor is not the only advantage for China. There are others, such as low taxes, lax environmental regulations, low corruption, no red tape, governmental support, homogenous population.etc. In India, cheap labor is there. But that is their only advantage. But even the cheap Indian labor is not trouble-free. They are prone to striking at will, for the silliest of the reasons.

I think not only for that advantage about china they are also advantage in newly technology almost all robots or any hi-tech technology is from china.. or even our assesories and phone parts or computer parts you can get it all in china.. many advantages in china that almost all countries have none.

I would have to disagree with you there. Asian nations such as Japan and Taiwan are currently the leaders in hi-tech innovation and automation technology. China is lagging behind. However, they are quite good in churning out cheaper imitative products. Still, the situation is changing... A lot of technological advance is being made in China.

eminem90

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That's funny. India compared to China is very backward country. Even despite that fact that there is cheap labor. After all, the level of technological development there is much lower

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Quote from: socks435 on October 19, 2016, 01:11:54 PM

Quote from: bryant.coleman on October 19, 2016, 12:52:41 PM

Quote from: DZU1410 on October 17, 2016, 08:34:00 AM

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Cheap labor is not the only advantage for China. There are others, such as low taxes, lax environmental regulations, low corruption, no red tape, governmental support, homogenous population.etc. In India, cheap labor is there. But that is their only advantage. But even the cheap Indian labor is not trouble-free. They are prone to striking at will, for the silliest of the reasons.

I think not only for that advantage about china they are also advantage in newly technology almost all robots or any hi-tech technology is from china.. or even our assesories and phone parts or computer parts you can get it all in china.. many advantages in china that almost all countries have none.

The thing that matters the most is how the people and government of the respective countries takes the competition.

India is a hypocritical nation. It is still stuck on primitive problems of thoughts. China for India is the regional competitor who seems to be closing to its all time enemy Pakistan.

But for China, India and Pakistan are merely an untapped market. China is totally economy oriented while India still has internal and external problems to deal with.

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Quote from: bryant.coleman on October 19, 2016, 12:52:41 PM

Quote from: DZU1410 on October 17, 2016, 08:34:00 AM

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Cheap labor is not the only advantage for China. There are others, such as low taxes, lax environmental regulations, low corruption, no red tape, governmental support, homogenous population.etc. In India, cheap labor is there. But that is their only advantage. But even the cheap Indian labor is not trouble-free. They are prone to striking at will, for the silliest of the reasons.

I think not only for that advantage about china they are also advantage in newly technology almost all robots or any hi-tech technology is from china.. or even our assesories and phone parts or computer parts you can get it all in china.. many advantages in china that almost all countries have none.

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Quote from: DZU1410 on October 17, 2016, 08:34:00 AM

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Maybe yes India and China are catching up with more developed countries in the west and part of this is due to the low incomes and high numbers of staff used. Also the cost to live is lower than west so its a fine balance to develop a strong economy.

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Quote from: Hoor on October 19, 2016, 11:55:25 AM

i think it is just a false new and there is no reality in this news ans India cannot cross Chine economically, Chine is the next economically emerging country of the world, so Inida is far behind from China.

I think so too. The only thing in common between the two countries - a large population and cheap labor. In terms of India far behind

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Quote from: DZU1410 on October 17, 2016, 08:34:00 AM

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Cheap labor is not the only advantage for China. There are others, such as low taxes, lax environmental regulations, low corruption, no red tape, governmental support, homogenous population.etc. In India, cheap labor is there. But that is their only advantage. But even the cheap Indian labor is not trouble-free. They are prone to striking at will, for the silliest of the reasons.

Hoor

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i think it is just a false new and there is no reality in this news ans India cannot cross Chine economically, Chine is the next economically emerging country of the world, so Inida is far behind from China.

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Quote from: DZU1410 on October 17, 2016, 08:34:00 AM

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Even china has largest population in the world and they have one of the cheapest labors in the world ,the problem with india is that we dont have much innovations going on here,we dont have much jobs to offer and we are not making any new jobs either,if you look at china they have a very big manufacturing industry ,be it legal or illegal they supply their products all over the world.

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India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

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Quote from: groll on October 16, 2016, 06:41:19 AM

Quote from: bryant.coleman on October 16, 2016, 06:08:06 AM

Quote from: dimonchik13 on October 15, 2016, 09:15:02 AM

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

Not going to happen anytime soon. Just compare the system in India to that in China. India is mired in red-tape and corruption. And in addition to that an insane affirmative action policy is in place, which has led to millions of bright, young Indians migrating to western nations such as the United States and the United Kingdom.

I do agree. Young Indians now are migrating to the west to flourish their skills. These countries can give them a brighter and bigger opportunities that their country cannot give them. But I read that India's economy is booming because of the BPO companies.

The BPO business will soon shift to other locations such as Philippines and South Africa. The quality of the Indian BPO companies are not that good. Also, there are data safety issues.

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Quote from: jaweria khan on October 16, 2016, 11:02:31 AM

no it is not increasing so fast, there is no comparison between China and India, China is new emerging super power, where as india still cannot feed to all the people of his country as so many people are living a cheap life in India.

life is indeed cheap in india and that is what all the political parties think, they dont really care about the welfare of the people rather than trying to be rich through corruption,they need people's help only during the election period .In a country where people are slaughtered because the RSS and BJP feel some random people were eating beef,first let them think like humans and then talk about development and growth.

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no it is not increasing so fast, there is no comparison between China and India, China is new emerging super power, where as india still cannot feed to all the people of his country as so many people are living a cheap life in India.

groll

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Quote from: bryant.coleman on October 16, 2016, 06:08:06 AM

Quote from: dimonchik13 on October 15, 2016, 09:15:02 AM

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

Not going to happen anytime soon. Just compare the system in India to that in China. India is mired in red-tape and corruption. And in addition to that an insane affirmative action policy is in place, which has led to millions of bright, young Indians migrating to western nations such as the United States and the United Kingdom.

I do agree. Young Indians now are migrating to the west to flourish their skills. These countries can give them a brighter and bigger opportunities that their country cannot give them. But I read that India's economy is booming because of the BPO companies.

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Quote from: dimonchik13 on October 15, 2016, 09:15:02 AM

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

Not going to happen anytime soon. Just compare the system in India to that in China. India is mired in red-tape and corruption. And in addition to that an insane affirmative action policy is in place, which has led to millions of bright, young Indians migrating to western nations such as the United States and the United Kingdom.

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Quote from: philiveyjr on October 15, 2016, 06:49:39 PM

Quote from: dimonchik13 on October 15, 2016, 09:15:02 AM

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

Thats not true. There are a lot of reasons why India cannot develop as fast as other countries, one of them being population. Its also not easy to compare populations of 2 countries like India and America based on just the GDP, because of different factors.

But India has many populations too and second only to China. Though India has Poverty issues also, but they are power to consider also and can grow faster also in terms of GDP,I am very optimistic on this. In the news last day India has signed a deal with Russia to buy a missile. In the coming weeks, Mohdi and Xi will meet in India for China's Leader ate visit.

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Quote from: dimonchik13 on October 15, 2016, 09:15:02 AM

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

Thats not true. There are a lot of reasons why India cannot develop as fast as other countries, one of them being population. Its also not easy to compare populations of 2 countries like India and America based on just the GDP, because of different factors.

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