Legal? What are you talking about?
By legal, I mean every country does it to calculate real GDP from the nominal one. However, inflating or deflating the GDP through artificial means, so as to paint a different picture is incorrect
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Legal? What are you talking about?
i know that india is behind the world in manufacturing almost everything of value. shipbuilding, steel, petrochemicals, aerospace, electronics, you name it, india is behind in both quality and quantity.
Unfortunately, IT professionals and pharmaceuticals manufacturers are a small percentage of India's workforce and even smaller than corresponding sectors elsewhere. The vast majority are low skilled laborers doing menial work. If there is truly 60/40 ratio, China only has a 50/50 ratio so why is india STILL behind so far? I believe there are several answers here:
1.) Indian GDP is inflated due to hidden costs of corruption, bad government, bad infrastructure, disease, illiteracy, environment, etc.
2.) Rural indians are FAR poorer than rural Chinese.
3.) The sectors that employ highly paid Indians are smaller than the same sectors in China.
Utter nonsense. Its shocking (and sad) how misinformed Chinese people are about India.
shipbuilding . . . we are good enough to build aircraft carriers and stealth ships, yours are still on paper. The weapons may be Russian or Isreali . . . the ships were built in India!!
petrochemicals . . . laughable to say we are behind when there are so many huge plants and consumption in the country
steel . . . hahahaha . . . heard of Tata-Corus or Arcelor-Mittal? Huge plants of both in the country
aerospace . . . is not our core competance i.e. we are not even the race in that factor, so we cannot be behind anyone.
electronics . . if we are good enough to develop excellent satellites, how can anyone conclude that we are behind
'stealth' ships... give me a break, india's shipbuilding is a joke with your 50 year old purchased carriers and inability to make a nuclear submarine (oh wait, you made one, just that it doesn't have the reactor installed... but it's supposedly "nuclear"). what about civilian shipbuilding? we're the 2nd largest, soon to be largest (within 1 year) civil shipbuilder in the world.
Arcelor-Mittal has NOTHING to do with india. It's headquartered in Luxembourg and owned by a British. I don't get why indians are proud of a British owned, Luxembourg based company. Tata is nothing compared to Baosteel Group and Jiangsu Steel.
Petrochemicals: what new processes have come out of India? What new plants are being constructed in India?
40 projects under China's petrochemical stimulus package
where are the indian projects? i searched, not one website gave a list of 2009 indian petrochemical projects and none of them reported more than 40.
aerospace: good, you admit that india is inferior in this aspect, at least you are honest.
electronics: clearly satellites are more than electronics and electronics are more than satellites. what hardware is india manufacturing? China manufactures 80% of computers used worldwide and has 3/10 of the top 10 supercomputers and has 2 processors, what has india done in hardware?
middle class: Much of Indian ‘Middle Class’ Is Almost Poor - Real Time Economics - WSJ
"But almost 60% of them live on between $2 and $4 a day. Thats about 20 to 40 rupees a day in nominal terms (using an exchange rate of 15.66 rupees to one purchasing power parity dollar) or between $300 to $600 in parity terms (4,700 rupees to 9,400 rupees) a month for a family of five."
What a joke, 2-6 USD per day in China is poverty and starvation and indeed, 2 USD per day is the UN definition of poverty.
'stealth' ships... give me a break, india's shipbuilding is a joke with your 50 year old purchased carriers and inability to make a nuclear submarine (oh wait, you made one, just that it doesn't have the reactor installed... but it's supposedly "nuclear"). what about civilian shipbuilding? we're the 2nd largest, soon to be largest (within 1 year) civil shipbuilder in the world.
Arcelor-Mittal has NOTHING to do with india. It's headquartered in Luxembourg and owned by a British. I don't get why indians are proud of a British owned, Luxembourg based company. Tata is nothing compared to Baosteel Group and Jiangsu Steel.
Petrochemicals: what new processes have come out of India? What new plants are being constructed in India?
40 projects under China's petrochemical stimulus package
where are the indian projects? i searched, not one website gave a list of 2009 indian petrochemical projects and none of them reported more than 40.
aerospace: good, you admit that india is inferior in this aspect, at least you are honest.
electronics: clearly satellites are more than electronics and electronics are more than satellites. what hardware is india manufacturing? China manufactures 80% of computers used worldwide and has 3/10 of the top 10 supercomputers and has 2 processors, what has india done in hardware?
middle class: Much of Indian ‘Middle Class’ Is Almost Poor - Real Time Economics - WSJ
"But almost 60% of them live on between $2 and $4 a day. Thats about 20 to 40 rupees a day in nominal terms (using an exchange rate of 15.66 rupees to one purchasing power parity dollar) or between $300 to $600 in parity terms (4,700 rupees to 9,400 rupees) a month for a family of five."
What a joke, 2-6 USD per day in China is poverty and starvation and indeed, 2 USD per day is the UN definition of poverty.
We have certain underdeveloped areas in North and North East. But that will change in few years.To all chinese members, please dont waste your times continuing discuse with these inferior big ego bragging indians here. a few posts here and there is ok but constantly tolking with them is just getting no where and will lower our standard. Let them infeiror big ego indians think, dream ,fantasie and imagine(that s where they base most of india achievements from) they are big , better and more powerful than china. As we china never look upon them as truely worth while competitor never was and never will be, we dont really want to spend more time than necessary with some one who main purpose in this forum is to rant troll and bash china do we?.