5 ms·

India to have highest GDP growth in 2021

11 points by godelmachine 6y ago

z2 6y ago
After an 8% decline last year, I sure hope it bounces back this year... A more useful click-bait headline would be compounding 2020 and 2021, then seeing which country has the most growth.
- hiyer 6y ago
  That would be China I suppose. It's the only major economy that didn't contract this year (grew by 2.3%).
kleer001 6y ago
https://www.worldfinance.com/strategy/why-gdp-is-no-longer-the-most-effective-measure-of-economic-success https://www.worldfinance.com/strategy/why-gdp-is-no-longer-t... I'm not a big fan of single-number evaluations. Especially for such a huge country. Then there's Godharts's Law : https://en.wikipedia.org/wiki/Goodhart%27s_law https://en.wikipedia.org/wiki/Goodhart%27s_law
wtmt 6y ago
Seems like this may be relevant in this context: “Low base effect in business and economics is the tendency of a small absolute change from a low initial amount to be translated into a large percentage change.“ [1] [1]: https://en.wikipedia.org/wiki/Low_base_effect https://en.wikipedia.org/wiki/Low_base_effect
pfiwxruxta 6y ago
Great to see India lead the way out of the economic disaster while donating vaccine to the poor around the world. India has sent home-grown vaccine to 47 countries so far. https://www.ndtv.com/india-news/indias-covid-vaccine-rollout-rescued-the-world-from-pandemic-top-us-scientist-2385617 https://www.ndtv.com/india-news/indias-covid-vaccine-rollout...
samspenc 6y ago
The article itself is titled "World Economic Outlook Update" and mostly documents international economic recovery. I can't find specific analysis about India in the article. However, the last graph at the bottom of the article shows GDP growth broken down by country, and India does seem to show the largest potential growth in 2021 from that graph. Still, just wanted to note that the actual article title and the one shown on HN are different.
amriksohata 6y ago
India is probably the most important trading nation of this century.

11 points by godelmachine 6y ago

z2 6y ago

After an 8% decline last year, I sure hope it bounces back this year... A more useful click-bait headline would be compounding 2020 and 2021, then seeing which country has the most growth.

hiyer 6y ago
That would be China I suppose. It's the only major economy that didn't contract this year (grew by 2.3%).

kleer001 6y ago

https://www.worldfinance.com/strategy/why-gdp-is-no-longer-the-most-effective-measure-of-economic-success https://www.worldfinance.com/strategy/why-gdp-is-no-longer-t... I'm not a big fan of single-number evaluations. Especially for such a huge country. Then there's Godharts's Law : https://en.wikipedia.org/wiki/Goodhart%27s_law https://en.wikipedia.org/wiki/Goodhart%27s_law

wtmt 6y ago

Seems like this may be relevant in this context: “Low base effect in business and economics is the tendency of a small absolute change from a low initial amount to be translated into a large percentage change.“ [1] [1]: https://en.wikipedia.org/wiki/Low_base_effect https://en.wikipedia.org/wiki/Low_base_effect

pfiwxruxta 6y ago

Great to see India lead the way out of the economic disaster while donating vaccine to the poor around the world. India has sent home-grown vaccine to 47 countries so far. https://www.ndtv.com/india-news/indias-covid-vaccine-rollout-rescued-the-world-from-pandemic-top-us-scientist-2385617 https://www.ndtv.com/india-news/indias-covid-vaccine-rollout...

samspenc 6y ago

The article itself is titled "World Economic Outlook Update" and mostly documents international economic recovery. I can't find specific analysis about India in the article. However, the last graph at the bottom of the article shows GDP growth broken down by country, and India does seem to show the largest potential growth in 2021 from that graph. Still, just wanted to note that the actual article title and the one shown on HN are different.

amriksohata 6y ago

India is probably the most important trading nation of this century.