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"Same economic progress in 1980s with China, but vastly diverged since." I don't get this. The current GDP of India is same as the GDP of China for the fiscal
by dimmuborgir 16y ago
"Same economic progress in 1980s with China, but vastly diverged since."
I don't get this. The current GDP of India is same as the GDP of China for the fiscal year 2003. [1][2] How is it "vastly diverged"?
Besides, India is growing fast (almost as fast as China) with many economists predicting that India will overtake China to become the world's fastest growing major economy soon and will likely remain so for years to come. [3][4] Citi group recently went as far as saying that India will be the biggest economy in the world by 2050. [5]
For westerners the poverty scenes in India can be depressing but for Indians the future looks bright.
[1] http://bit.ly/eNhHOj http://bit.ly/eNhHOj
[2] http://bit.ly/dNszZ2 http://bit.ly/dNszZ2
[3] http://bit.ly/hhraFQ http://bit.ly/hhraFQ
[4] http://bit.ly/fm0MR2 http://bit.ly/fm0MR2
[5] http://bit.ly/fyWktP http://bit.ly/fyWktP
- kalendae 16y ago1980: India 181 B China 188 B 2010: India 1.5 T China 5.7 T regardless of future predictions it seems to support 'the vastly diverged since' claim. China's economy is almost 4x that of India's today where they were virtually the same size in 1980. That brings a lot of concern over democratic vs non-democratic in terms of bringing economic growth to the people.
- dimmuborgir 16y agoChina liberalised its economy in 1979 and India liberalised its economy in 1991 from Soviet styled socialism to American styled capitalism. Both countries grew rapidly from respective years. It's nothing to do with democracy/non-democracy, IMO.
- known 16y agoChina is prospering without India's dummy democracy. Indians are brainwashed to believe that (voting in elections == democracy) and a solution to all problems.