India economy are doing better what does american can say about this

I Just don't get one thing? why are u guys wasting your time discussing the things which isn't in your hands atall..let government handle this things

 

Yes, but I'm talking about 12 or 13 y/o girls forced into prostitution because of poverty. The non-it us companies don't need indian labor at all. The so called recent growth is because of it companies. The non'it companies were always big and continue to be big.

 

I do because I was originally a political science major in college. I spent lots of time with this stuff (comparative politics, international relations, international trade, etc).

And I'm an investor as well, so I spend a fair amount of time monitoring countries like China and India.

 

The most recent World Bank estimates for India are based on household surveys carried out in 1999-2000. It was found that almost 80% of purported superpower India’s population was surviving on less than $2.15 a day (in PPP terms). That is, about 800 million people were living on $0.40 a day or less. Nearly 35% (350 million) were found to be living on $0.20 a day or less. Even if the proportion of poor people has fallen somewhat during the past 5-6 years, the absolute numbers would not look too different today.

http://www.zmag.org/content/showarticle.cfm?ItemID=11489

 

Ok, just tell me if there are two parent's having a single kid, won't the working population go less, I am not saying what it's currently, But I am predicting the future if these policy continued.
It's definately going to affect the entire economic growth of China. We can't compare China with U.S. in number of people here, because we are talking about ratio's of working population and dependent population, not the number of people.

what do you mean by children spoiled?

Any supression sooner or later is revolted, If they keep such a conservative attitiude it's going to affect them for sure. Banning google is no economic loss I agree, But it's a loss in terms of free thinking for people in China.
Today as our countries don't ban many site's on internet we can have a share in knowledge and help each other grow. We can accept thing's even if they are said opposed to us because we believe in the freedom of speech.
Every communist goverment is so controlling to the local's, you just don't have the freedom to go beyond the usuals. Being a billionaire in a lifetime from rags is easy in countries like U.S. and India, but not in China. I don't say it's impossible but comparatively difficult. Morever, the most population have a employee attitude. Even India has it but definately less than China.
China might be good for hungry foreign capatilist who can get the top people in their hand's and make huge profit, but no way for the local public. There are people in China who work 18 hours daily.
India is democratic.
I am no political science student, just a usual geek who read the money section on newspaper's
And don't say foolish and all, we are just sharing opinions and learning from each other.

But why you wan't non-I.t. U.S. companies to come in india for India's growth. The gov have already discouraged import's by taxes and export's are encouraged through incentives. Many Indian companies are buying foreign companies and all.
I agree about the prostitution and stuff in villages, but that's a part of developing economy.
And did you forget the power of bollywood
Cheers
Rockys

 

I didn't mean to imply that all children were spoiled (that would be the day).

But China is cranking out HNWI's and the one child per family rule is actually working to concentrate wealth.

Even kids from parents in the middle class are exploring the world of entrepreneurism.

And let's back up here and distinguish an "Iron Curtain" communist state where no outside information gets inside with any real weight (North Korea is a recent example) from an "opening" communist state, which is more of what China is becoming.

You pointed to India being democratic again. Why do you feel this is important to economic growth?

At the end of the day, growth is being fueled by FDI and China is well ahead of the game in this department.

In fact, you pointing out that India is democratic is a good point, but it's a good point for China.

 

I wanna thank you all for the great opinion and explanation regarding this topic really informative, by the way im not from india im from Philippines. We cannot deny the fact that india is now improving because of hardwork, and other countries must also do the same because india were able to do that. It is true that they must be thankful for the support of other countries like amecira. I saw a lot of indian national in our country doing business but before i used to see only american this is really a sign that they are going good job. im hoping that our country will also be able to do the same but i see some signs for that. Our government are doing great jobs to achieve that.

 

Nepolian you are absolutely TRUE.

 

Nepolian you are absolutely TRUE.i am also indian and i know only rich people in india are going to more rich and rest of poor people going to more poor day by day.this is acualy our groth.

 

From what I know, china's economy is growing faster, followed by india.

 

Yeah he is right.But not only America.We also have top thank UK,AUS etc.

Thankz

 

Cocentrating wealth is a based on fear based conciousness, holding wealth don't lead to abundance but creating wealth does.
let me give an example of a typical one child family and a two child family.
'a' and 'b' be are parent's with child 'c', after the retiring age of a and b only c is earning and supporting a family of 3.
while in a two child family with child 'c' and 'd'.
'c' and 'd' both would become the supporting member of family of four.
1/3 < 2/4
That's one loss in one child policy which will create problem
Now the other,
Think about in 100 years, the population of china will be declining as every two human generates one.
so if country has 100 crore people today it becomes 50, then 25, then 12.5
(ignoring age variation for calculation purpose)
hence the chinese work force cripples.
while india has families with 4-5 child too, hence growth rate would be tremendous only if they also don't follow the one child policy.
population may lead to higher resource usage, but it will also lead to higher wealth generation.

But the best policy is two child policy, which would not decline population but would increase the standard of living (India did start this policy but failed to implement it).

Democracy is always a benefit, because it encourages capitalism but also take care about labour wages and social development. It's called mixed economy.

Thing's like change in attitude and entreprenual thinking are like chain reaction, China might be opening up, but won't be able to follow indian pace. And it would be very difficult for India to follow the american pace.

There is no need for any country to thank anyone, if some country does the outsourcing, they do it because they want cheap service. In future when Africa becomes cheap, outsourcing would go to them for sure.

 

LMAO!!!

its true that India is making great strides in the business world; it is only natural as it is a great nation that is finally coming into its own and utilizing its core competences. However, the chest thumping and almost fanatic patriotism that comes with it sounds rather childish and immature.

India has a long way to go to even reach anywhere near China's level. A lot of India's human resources are still underdeveloped and underutilized.

 

I want some of what your smoking.

 

I can't believe I got a red for one of my posts here. For the bigot who gave me a red, have you ever been to India?

 

India isn't even comparable to the United States. Look at the GDP of India and compare it to that of the United States. India has A MUCH larger population, and the overall GDP Is still no where near that of the Untied States. Sure india may be growing faster then the U.S. but thats because if you start at the bottom, it's easier to go up, then if you're on top and want to go further up.

Nominal GDP India= 886,867 (Millions of dollars)
Nominal GDP USA= 13,244,550 (Millions of dollars)