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India set to surpass China in growth rate: Moily

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dude do some maths we became 1 trn economy in 2007 and we were 1.6trn after 2010
which comes out to be 17% total growth( (1.17^3)*1=1.6)
17= 8.5 % growth +inflation
 
The World Bank prediction was for 2011.

Now that we are almost at the end of 2011, we've got data for the first two quarters. And barring some kind of miracle, I don't see how India's growth could possibly surpass China's growth this year considering that the latest data from China is 9.5% and from India is 7.7%.

Note also that I said "latest data", which generally means the lastest available data. If I was trying to say "whole financial year", then I would have said that.

If you want a number for the whole financial year, roy_goarav posted the IMF numbers above.

In India growth rate is calculated at the end of Financial year and not calender year..and still half a year is left for FY to end.
 
Don't come up with silly excuses now.. you and I, both know what mistake you made.

Anyways, my point is that the real GDP is a good indicator of growth in the domestic economy compared with prices of a base year, but it becomes meaningless for international comparison between different countries due to difference in cost of living and fluctuating exchange rates. GDP on PPP basis are close to the real GDP growth rates since it adjusts for prices and exchange rates.
 
There is also a difference between GDP growth projections, & what actually happens. The US's GDP was projected to grow at 4% this year, but its barely growing at 1% as of now. And also, India's GDP nominal rates are high, but that is because of high inflation.
 
There is also a difference between GDP growth projections, & what actually happens. The US's GDP was projected to grow at 4% this year, but its barely growing at 1% as of now. And also, India's GDP nominal rates are high, but that is because of high inflation.

Again you are coming up with nominal GDP crap ..nobody compares nominal GDP growth, everywhere real GDP growth is compared..This 7.7%(First quarter)..8.5%(last year) are all real GDP growths and not nominal.
 
Again you are coming up with nominal GDP crap ..nobody compares nominal GDP growth, everywhere real GDP growth is compared..This 7.7%(First quarter)..8.5%(last year) are all real GDP growths and not nominal.

Again, I never compared inflation to the real growth rates. And real growth rates are meaningless for international comparison between different countries due to difference in cost of living and fluctuating exchange rates. And why are we dealing with growth rate projections anyways, there is no guarantee they will come out to be true.
 
There is also a difference between GDP growth projections, & what actually happens. The US's GDP was projected to grow at 4% this year, but its barely growing at 1% as of now. And also, India's GDP nominal rates are high, but that is because of high inflation.

And india soon to be destined to fall to where they actually belong, damn curry munching slum dogs, how dare they achieve anything better than hindu growth rate!
 
Again, I never compared inflation to the real growth rates. And real growth rates are meaningless for international comparison between different countries due to difference in cost of living and fluctuating exchange rates.

So go ahead compare on purchasing power parity bases..India's case viz-a-viz China further improves.
 
And india soon to be destined to fall to where they actually belong, damn curry munching slum dogs, how dare they achieve anything better than hindu growth rate!

I would appreciate it if we could talk economics here, & not hinduism, slum dogs, or curry. Thanks.
 
I would appreciate it if we could talk economics here, & not hinduism, slum dogs, or curry. Thanks.

I'm dazed and confused at your acumen of economics, I know not how to counter you! Mere logic won't suffice.

Ot : thread reported as indian economy topics are not allowed.
 
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