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Comparing Indian states with countries
- trafficlight 15y agoNot all that helpful because I don't have a feel for the size/wealth of any of those countries either.
- bdhe 15y agoNot very surprising because India is 10th by GDP (4th by GDP(PPP)) and has 28 states. On an average each state would have a GDP of $53 billion, equivalent countries rank approximately 60th in the world. A much better comparison is the tab showing population. Look at Uttar Pradesh (labeled Brazil). It has a population of 199 million, only China, India, US and Indonesia are more populated. Karnataka (labeled Italy) is the 9th most populous state but Italy is 4th most populous country in Europe.
- throw_away 15y agoequivalent map for the US (but without gdp per capita comparisons): http://www.economist.com/blogs/dailychart/2011/01/comparing_us_states_countries http://www.economist.com/blogs/dailychart/2011/01/comparing_...
- tokenadult 15y agoEquivalent map for China's provinces: http://www.economist.com/content/all_parities_china http://www.economist.com/content/all_parities_china
- usaar333 15y agoIt's interesting comparing and contrasting India to China economically. They both are wildly unequal, with a max 7x of the min. But China is vastly richer; its poorest state has a GDP per capita equal to that of the whole of India.
- yalogin 15y agoThis is what is most worrisome about India. The rich is getting richer and the middle class is improving but the poor on the whole has not moved a bit. With the rate the population grows the poor probably regressed. Its a shame because the outsourcing party is not going to last forever.
- india 15y agoHow did you arrive at that from the op? India's gini index has been quite stable[1]. India only makes about 50 billion or so a year in revenue from outsourcing[2]. [1] http://www.un.org/esa/desa/papers/2007/wp45_2007.pdf http://www.un.org/esa/desa/papers/2007/wp45_2007.pdf [2] http://www.financialexpress.com/news/indias-outsourcing-revenue-to-hit-50-bn/266661/ http://www.financialexpress.com/news/indias-outsourcing-reve...
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- dimmuborgir 15y agoFirst, not just other developing countries like Russia, Brazil and China but even US has more inequality than India. [1] Second, Indian outsourcing industry is over-hyped. It contributes just 5% to the Indian GDP. But India is silently making big progresses in other industries. How many people here know that India is now the world's biggest manufacturer of small cars, overtaking Japan? [2] [1] - http://en.wikipedia.org/wiki/File:Gini_Coefficient_World_CIA_Report_2009.png http://en.wikipedia.org/wiki/File:Gini_Coefficient_World_CIA... [2] - http://www.thestar.com/business/article/742457--india-overtakes-japan-as-small-car-producer http://www.thestar.com/business/article/742457--india-overta...
- dr_ 15y agoThose statistics are a little misleading. In a country where, despite having a few billionaires, by and large everyone is fairly poor - these stats will not show inequality. Because most people in India are equally poor. The second example you give is, in fact, an example of outsourcing, as 50% of the cars are generated by American, Japanese and Chinese companies operating in India, with the other 50% being Maruti, which is also partially Japanese owned. For India to succeed beyond the hype, it's going to take more than gradual increases in GDP. It will require a cultural revolution. That hasn't happened yet.
- pitdesi 15y agoPage 4 of this PDF ranks US Cities (metro regions actually) as if they were nations. New York City's economy is bigger than Australia or Mexico. Chicago is bigger than Switzerland or Taiwan. http://www.usmayors.org/metroeconomies/2011/charts.pdf http://www.usmayors.org/metroeconomies/2011/charts.pdf India's economy is < 1.5x the New York City metro area
- usaar333 15y agoIt's actually not that surprising that the New York (metro area) has a larger economy than Australia; it has almost a million more people!
- usaar333 15y agoNice find. For further extremes, that data shows the San Francisco Bay Area having nearly a $0.5 trillion economy. For just over 6 million people. That's 2.5x the largest Indian state economy, which has 15x the population. Also comparable to Pakistan's economy, which has 28x the population.
- jeez 15y agoThought this might be relevant. There was a recent discussion on freelance job rates and the OP was worried that bids for US$10 per hour by people from India (etc) will make it hard for him to make higher bids. Consider this. Working at $13 an hour, it equates to ~Rs.650. 650 * 25(days of working in a month) * 12 = Rs1,95,000 per annum, for working an hour a day. If I managed 3 hours of work at that 'cheap' rate, I'd be one of the highest earning person among my friends [who have all graduated in CS and work in various IT companies.] Pretty awesome to have a cheap economy, right? :)
- alexgartrell 15y agoSpeaking of the cheap economy, how does it effect things like consumer electronics? Would you expect to pay $1,500 USD on a MacBook pro, or is stuff like that also cheaper in India?
- sathyabhat 15y agoApple prices are on an average 10% higher. Most electronic devices are more or less priced higher than, if not equivalent to the US prices. Maybe mobile phones are less expensive here.
- bjelkeman-again 15y agoIf I remember correctly a MacBook in Bangalore cost about the same as it did in Stockholm. MRP Rs. 60,900/- Indian Rupee (about US$ 1350) http://www.priceindia.in/laptop/apple-macbook-price/ http://www.priceindia.in/laptop/apple-macbook-price/ Apple Store US for the same seems to be about US$1200.
- rrrazdan 15y agoYou are confusing Macbook and Macbook Pro. Macbook Pro is 70k rupees or 1560 USD, which means 360 dollars more than the US. Also at this price, it is more than 1.5 months salary for me, and I earn above average for my level. So purchasing power parity wise, its much more expensive.
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- bguthrie 15y agoThe comparison isn't just economic. As a visitor, many things made more sense to me when I started seeing India through the lens of a confederation of mini-nations rather than a unified country in the American or European sense. Far more so than in America, each individual state has distinct cultures, cuisines, and languages. Historically many of them were once kingdoms themselves, which contributes to the sense of distinct identity.
- jeez 15y agothank the English, we're One big country now. ;)
- rmc 15y agoThe English went around invading a lot of places, then got really annoyed when those people followed them back.
- rahoulb 15y agoSo annoyed that they spent the second half of the twentieth century inviting them back to work in the UK.
- savrajsingh 15y agoIt's true. It's hard to imagine all of Europe as one country but that's exactly what happened when the British rolled in.
- roundsquare 15y agoOn top of that, there is still a fairly large amount of animosity between the regions (e.g. North Indians vs. South Indians).
- vijaydev 15y agoI won't call it "fairly large". Sure, some differences exist because of the culture and the size of the country. And I'm not considering divisive politicians when I say this.
- paulnelligan 15y agothe GDP per person chart shows that despite the high rate of development in India, it's still very much a poor country ...
- iwwr 15y agoIt's easier to grow fast when you start at a lower base.
- ajju 15y agoThis is one of those articles where the graphic does a disservice to the content of the article, which has its own glaring problems. Not only that, they seem to be using absolute GDP numbers which are meaningless, because a $1 goes a much longer way in U.P. than it does in NYC. At the very least they should have used PPP numbers. Some glaring problems: 1) As the content of the article points out, Uttar Pradesh is the most populous state in India. This is why comparing them to Qatar in the graphic, just on the basis of similar absolute GDP numbers, is very misleading. Qatar's population is under 1.5M. Uttar Pradesh's population is nearly 200M. 2) Comparing Gujarat to Angola is like comparing the Silicon Valley Bay area to an arbitrary African country based on similar GDPs. Gujarat has one of the best infrastructure setups in all of India and has been amongst the fastest growing states for the past decade. 3) Almost all of Maharashtra's $175B GDP comes from the city of Mumbai. So if you want a comparison to Singapore, you should look at the city of Mumbai, not the state of Maharashtra.
- rweba 15y agoThey used PPP for the GDP per person comparison (but not for the GDP) They are not trying to say Qatar is generally comparable to Uttar Pradesh, just pointing out that it has the same nominal GDP. This can be interpreted in any number of ways but that is all that the chart claims to show. And of course they did a similar thing with United States and China: http://www.economist.com/blogs/dailychart/2011/01/comparing_us_states_countries http://www.economist.com/blogs/dailychart/2011/01/comparing_... http://www.economist.com/content/chinese_equivalents http://www.economist.com/content/chinese_equivalents
- baltcode 15y agoClick on the GDP per person tab, and you will get the more meaningful comparison. Then, UP becomes Kenya.
- gopi 15y agoThe actual GDP will be atleast twice that of the official one as large part of india's economy is black (off the books)