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India has surpassed Japan to become the fourth-largest economy
- guptadeepak 9mo agoIndia overtakes Japan as 4th-largest economy, also California's economy too
- toomuchtodo 9mo agoCalifornia has a population of 40M people, India 1.4B+, so surpassing California shouldn’t be surprising as India rapidly develops.
- boringg 9mo agoRapidly?
- gsky 9mo agoCalifornia wasn't colonised but india was for 200 years by Europeans
- wtcactus 9mo agoAnd they managed to end slavery and the caste system while they were there (that unfortunately came back as soon as India got independent again). No need to thank the “Europeans”. You’re welcome.
- gsky 9mo agoSlavery by whom? Whites and Muslims?
- wtcactus 9mo agoNo, by Indians. That’s why, still today, India is the country with the most slaves in the world, continuing their long tradition of the practice: https://en.wikipedia.org/wiki/Slavery_in_India https://en.wikipedia.org/wiki/Slavery_in_India
- leosanchez 9mo ago> And they managed to end slavery and the caste system while they were there (that unfortunately came back as soon as India got independent again). 1. Did they really end slavery if you rename it to something else? [0] 2. You didn't end caste system. If anything you made it more rigid > No need to thank the “Europeans”. You’re welcome. Thank you for all the massacres and famines Europeans. [1] [2] [0]. https://en.wikipedia.org/wiki/Indian_indenture_system https://en.wikipedia.org/wiki/Indian_indenture_system [1]. https://www.theguardian.com/commentisfree/2019/apr/12/britain-amritsar-massacre-centenary-1919-india https://www.theguardian.com/commentisfree/2019/apr/12/britai... [2]. https://en.wikipedia.org/wiki/Bengal_famine_of_1943 https://en.wikipedia.org/wiki/Bengal_famine_of_1943 I didn't even scrape the surface of the atrocities you did.
- harvey9 9mo agoHow would you describe the arrival of people from Europe and elsewhere into what is now California?
- gsky 9mo agoI meant extraction of resources by Europeans for 200 years. C
- krapp 9mo agoWho do you think named it "California?" It sure wasn't the natives.
- lurk2 9mo ago> California wasn't colonised Yes it was.
- threethirtytwo 9mo agoPer capita is the more meaningful number. Look up the rankings. The difference is dramatic. For trajectory note that the Indian population is growing while japans population is shrinking. So taking all that into account per capita it’s about 50 years before India catches up with Japan if current rates stay the same. I can guarantee rates will not stay the same.
- giacomoforte 9mo agoNominal GDP is very important for geopolitics.
- glimshe 9mo agoNuclear weapons even more, which India does have.
- benoau 9mo agoJapan reportedly can build those weapons any time they feel like it... https://en.wikipedia.org/wiki/Nuclear_latency#Nuclear-threshold_states https://en.wikipedia.org/wiki/Nuclear_latency#Nuclear-thresh...
- threethirtytwo 9mo agoWhat matters for most humans is quality of life, health and safety. Per capita is more relevant to people overall.
- logicchains 9mo agoNon-per-capita is more meaningful for comparing military strength, in the unlikely event that India should one day decide to invade Japan.
- litigator 9mo agoConsidering India's' military procurement, nominal is more meaningful if they fancied invading Japan. edit: ah, i should have read the article, it is nominal.
- password54321 9mo ago[flagged]
- giacomoforte 9mo agoHow is Japan 10000x more sophisticated?
- password54321 9mo agoYou are right, I think I forgot a couple more 0s.
- giacomoforte 9mo agoSo racism?
- spwa4 9mo agoI think that if you compare the worst poverty that Japan is willing to accept versus the worst that India is willing to accept ... some people die of hunger in India. People barely die of preventable diseases in Japan, and none of hunger. India has a space program ... and India has people living off the land like they lived 6000 years ago. And then you calculate and realize that in fact that, first, India could have the same standard. They have the money to do that. It is possible. Second, actually doing that would be the best thing that could possibly happen to the Indian economy. Hell, you could slowly implement this over 20-30 years and that would later be described as "creating a golden age". In other words, Indian poor are kept poor to maximize the difference between the rich and the poor. If the poor were simply given money, one would expect that to 100x the wealth of rich Indians. And they're NOT doing it. ... and as bad as that is, then you look at Pakistan. WTF.
- deleted 9mo ago[deleted]
- alexdns 9mo agoIf we managed sophistication as access to a toilet then yes Japan is 10000x more sophisticated than India
- andrewstuart 9mo agoYou can stop worshipping growth any time you like.
- ACCount37 9mo agoThe alternative is stagnation. And if you think that zero sum economy would favor you over corporations and billionaires, I have a bridge to sell you.
- graemep 9mo agoAssuming positive real return on their investments, a zero growth (or low growth) economy means the rich will own an ever growing proportion of wealth - its simple arithmetic.
- pixelpoet 9mo agoAnd if you think humanity is making it past ~2100, I have some carbon credits to sell you: https://www.sciencedirect.com/science/article/pii/S0016328719303507 https://www.sciencedirect.com/science/article/pii/S001632871... Growth über Alles / the race to consume everything we can in our spherical petri dish with the same level of awareness as mindless bacteria, will be the end of human civilisation, regardless of anyone's economic beliefs.
- iinnPP 9mo agoTurns out love your neighbor was incredibly valuable advice.
- ACCount37 9mo agoClimate change is simply not an extinction threat. Despite all the fearmongering, the worst case scenarios top out at "WW2" levels of devastation and loss of life. The only credible extinction threat to humankind so far is an ASI oopise, and that's because it's an intelligent threat.
- geremiiah 9mo agoCapitalism and democratic systems don't work without growth. Just look at the consequences of the economy stagnating in western Europe and what that is causing on a societal and political level. No growth means no jobs for new grads, no growth means workers have no negotiating power with their employers, no growth means young people remain poor and cannot afford families. No growth means young people with bad economic prospects seek political alternatives, and newsflash, they far-right with their magic-grift-politics are far more appealing than the far-left with their estorectic utopian far-fetched plans. Also no growth means a worsening wealth inequality over time.
- iamshs 9mo agoUnfortunately, doesn't mean much. Per capita wise it's among the lowest. GDP of downtown Vancouver surpasses that of richest state of India.
- sh4rks 9mo agoIs that using nominal GDP or PPP?
- moralestapia 9mo agoThis is great news. With a stronger economy, Indians could stay in India instead of having to immigrate elsewhere (anywhere).
- onetokeoverthe 9mo ago[dead]
- returnInfinity 9mo ago[flagged]
- NooneAtAll3 9mo agoOn one hand this is one of early signs of upcoming human capita importance - as automation becomes much more equally distributed, it's the human amount that becomes relevant first and foremost. India needed to increase GDP/cap only a little bit to get big result On the other... this is showcasing the general failure of Japan in general and its moral defeat to US in the late 80s. Plaza accord was a mistake and Japan keeps riding that decision as a US puppet and against personal interests to this day - including recent turn to militarization
- coffeeaddict1 9mo agoUnfortunately, this metric is only relevant for geopolitics. The people of India still live in a country full of corruption at every political level, with basic hygienic and health needs unmet, an almost toxic air pollution level in big cities, very poor infrastructure, etc... It's a beautiful place, but I wouldn't want to live there.
- leosanchez 9mo agoHealth isn't that bad IMO.
- ahmetomer 9mo agoI think that boasting about GDP numbers, with a spice of nationalistic impulse, does not really look good in this case. One can feel proud of the upward trajectory but with a population of 1.4 billion people, a natural competitor of India would be China, which is approaching $20 trillion, and not the 120 million people of Japan. Of course, there will be marginal improvements in relation to the rise of GDP but one needs to look at the quality of life of an average citizen. GDP per capita is something to look at but still very flawed and skewed, not in favor of most of the citizens. A lot of the hardships that the "normal" citizen faces are difficult to just take out of these numbers.
- LarsDu88 9mo agoAbout 70 years ago India decided to adopt Western style Democracy but Soviet style Command economy whereas China adopted Soviet style everything. Then China started market reforms and liberalization in 1978 whereas India actually started 13 years later in 1991. Both cpuntries have seen massive growth, but the rate of growth in India has simply not kept up with China, and there is also the compounding effect of having starting earlier with more government support in China. We really should expect to see India continue to improve, but the thing folks tend to not see is that by mere virtue of being closer to the equator, India will suffer massively massively more from Climate Change. The projections are pretty extreme. Unless you live at higher altitudes like Uttar Pradesh in India, you will be screwed
- palakkadan 9mo agoAll due respect, not only do you seem to know very little about Indian economy, you're also confusing altitude and latitude. Uttar Pradesh for instance is literally a flood plain.
- state_less 9mo agoThat electric train is a nice image. India has plenty of opportunity to take advantage of cheap solar power and push cargo around the state with it. They are adding more electric vehicles by the day, which will help places like Delhi become more breathable, though the last time I was there, farmers were still burning the fields, causing a lot of air pollution in Delhi during the burns. The manufacturing base is improving, so you can buy relatively cheap vehicles. Your money goes further in India. Their tax collection is pretty weak, so they print money to fund government spending which usually means higher inflation than we're used to in the US, but they're starting to get a better return on their infra spending as the country is lifted up via the use of the most recent tech (trains, smartphones, fiber, solar, battery, etc...). It's been fun watching the country and region develop over the years. They still have a ways to go, and in some ways I think I'll miss the old chaotic India. You don't find cows wearing decorative garlands in downtown Chicago or New York. I bet whatever India transforms into, it'll hold some of it's unique charm. That's my hope anyway.
- vikas-sharma 9mo ago[dead]
- deleted 9mo ago[deleted]
- gheavy 9mo agoHow much of it was stolen from American senior citizens?
- kjsingh 9mo agoIndia's capital is like a wasteland and this is for ex-middle class (which is now upper class, no middle class exists, its a chasm between upper and lower)
- pllbnk 9mo agoPopular media likes to take this very simplistic view and turns the nations' economies into competition, forgetting that economies should work for the people, not vice versa. If it was a competition, then eventually someone would have to win (what is the definition of winning is unclear to me either) which so far doesn't seem possible. What actually matters is what a country does with the economy it has. Whether it translates into better lives, stability, and opportunity for its citizens. By that measure, "4th largest" tells us almost nothing. The more useful question isn't "how big" but "for whom".