drasticmeasure
Registered Member
Agreed, India was supposed to be a 5 Trillion economy by 2024. Its 2024 and We havent even hit 4 Trillion.
Japan in shock as India set to overtake Their Gdp ranking in 2025
- Thread starter harpy1
- Start date
Yes, they could be. There are plenty of youtubers, past and present who have travelled to India and said good things about it. You should write to them about "ground realities"! Difference is that I don't care to discuss them. This thread has nothing to do with "ground reality" in India but you somehow need to feel better.
AjayGhatak
Trusted Member
There is this thing called as "window dressing" and "tourist syndrome". Being a tourist and being a resident are two very different things and two very different realities.
And we won't till 2029, most likely. Many things were suppose to happen by then. Indian PCI is increasing in Rupees and there is comfort in that.
Beijingwalker
VIP Member
loL, OK , I believe so, all those Chinese infras are fake. I can testify in your Indian court
Lets stick to topic. No need to feed him.
Beijingwalker
VIP Member
Tell me how you grow with growing massive trade deficit, how can you grow by just buying and not selling?
Beijingwalker
VIP Member
US, Japan, Germany, Korea.. all got their first bucket of gold by first becoming an industrial power and selling their products around the world, they all started by doing that and China is the same, how can India get around this phase?
India sold things worth 800 billion USD last year and imported things worth 900 billion USD last year. Maybe hard for your mind to wrap but "exporting" is not the only growth model, otherwise China wouldn't be facing massive youth unemployment right now. Indian "deficit" comes from government and corporate borrowing for their spending and not from trade deficit which is easily compensated through remittance (our foreign reserve is growing).
P.S: What makes you think India is not industrializing? It is industrializing for local consumption. Indian imports are not cycles and socks and even phones. They are basically solar cells and drilling machines and machines to run factories. And India is building capacity to build all this at home. Live long enough and you may see a changed world.
AjayGhatak
Trusted Member
Again, you are confusing two different things. Trade deficit and economic growth are NOT same thing and are very losely related to each other.
Take example of Singapore. From 65-84 Singapore experienced massive growth while its Current account balance was in negative and MASSIVELY negative.
GDP Growth:
Current account balance
Beijingwalker
VIP Member
Then how about Industrial capacity and manufacturing capability, how can India manage to get around that phase while no one else could?
Beijingwalker
VIP Member
You can't compare billion strong population countries like China and India with small cities like Hong kong and Singapore.
Sigh. All that time on internet..
India's manufacturing is all set to expand with robust foundations of reforms: Nuvama report
India's manufacturing sector, contributing 17% to GDP, has been positioned as the sixth-largest manufacturing economy. Recent reforms have created investment opportunities across various sectors. Key initiatives in the defence sector, such as the Make in India campaign and Defence Procurement...
Beijingwalker
VIP Member
Top surplus countries on goods and services
Top deficit countries on goods and services
Muji.Iqbal
Trusted Member
Not surprised, Japan has a demographic and aging crisis.
Japan has a population of 125 million people.
While India has a population of 1.42 billion people. lol.
Japan has a population of 125 million people.
While India has a population of 1.42 billion people. lol.
