Comments by "" (@Rav01508) on "Bloomberg Television"
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India is 5th largest economy only because of 1.4+ billion population and nothing else. GDP is defined as the total value of goods/services produced for a certain period. I ask you this question. How much goods/services can a single person produce versus 10 person, assuming they are using the same type of labor? Obviously, 10 person will be able to produce more goods/services as compared to a single person. Ratio is 1 : 10 , 1 person versus 10 people and that is why India easily and ought to beat the GDP of countries with significantly lesser population.
Now, what happens if you were to make a more meaningful and fair comparison by comparing a 1.4+ billion population country India versus another 1.4 +billion country China?..... Why is India's GDP merely 3.18 trillion whereas China's GDP is 17.73 trillion (2021 World Bank data)?
Thus, don't give me nonsensical comments such as being the 5th or 6th largest economy in terms of GDP and don't even try bragging about it. A country of their size of 1.4 billion ought to be at least half the GDP of China because they have approximately the same population. They're not even 20% of China's GDP, yet they like to think themselves as superpower and throw their weight around🤣🤭🤣😂China only exposes the weakness of India: quality versus quantity. 🤭🤣
There are simply too many over proud Indians making false propagandas that they are the world fastest growing economy nowadays all over the internet 🤡 lol. Can you Indians even see the gap? 6495% growth > 1140% growth🤭🤣 Read more below 👇
For the purpose of having a fair and meaningful comparison, I will compare 1.4+ billion population India versus 1.4+ billion population China* (same GDP potential)
India's independence year = 1947
India's GDP on year 1987 = 279.03 billion
India 's GDP on year 2021 = 3.18 trillion
India's growth from 1987 to 2021 = 3180/279.03 X 100 = 1140%
China's independence year =1949
China's GDP on year 1987 = 272.97 billion
China 's GDP on year 2021 = 17.73 trillion
China's growth from 1987 to 2021 = 17730/272.97 X 100 = 6495% growth
Can you even see the gap? 6495% growth > 1140% growth🤭
Referring to World Bank Data, China grew from 14.69 trillion on year 2020 to 17.73 trillion on year 2021. It basically grew 3.04 Trillion in just 1 year, almost the entire economy size of India. India took 34 years to grow 2.9 trillion from a 279.03 billion economy to a 3.18 trillion economy. India is "world fastest growing economy"? 🤭
Before you accuse World Bank's data as not reliable, you need to understand that the entire world borrows money from World Bank. Yes, it is the same bank that India trusted and thus borrowed money from them to finance their Swachh Bharat toilet mission 2014 (The mission includes making 110 million toilets for 600 million Indians over a period of 5 years to end open defecation) 🤭
Truth and reality hurts the most😆
Indians hate the Chinese because the very existence of China is a perpetual reminder that China has succeeded whereas India has failed. The entire world is always comparing this 2 largest countries because they have the same population and because of this, Indians have a hard time coping being the inferior one. Thus, India have developed this defense mechanisms psychology that they cannot lose out to China.
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India likes to think itself as a World Super Super Power that is far greater than the REAL superpowers of the World, USA/China/Russia, 🤭🤣😂 and that is why Modi proclaimed to the entire world that the 21st century belongs to India and India only. 🤭However those arrogant claims are far from reality. 🤭Read more below 👇
A "World Super Power" is one that can exert it's influence/dominance on the World's stage. For example, USA has the USD as the reserve currency of the world whereas China is the factory of the world and also the largest exporter of trade of the World. Russia, on the other hand, is one of the top 5 oil producing country and also the country with the largest number of nuclear arsenal. In addition, Russia also happens to be largest country of the world in terms of land mass and also one of the largest resources rich country. Take a look at how big the size of Russia on the map? What about India? 🤭
1) World Super Super Power , India , wanted to pay cheap and heavily discounted Russian oil in Rupees to take advantage of the Ukraine's crisis/war but was ordered to pay in Chinese Yuan instead. 🤭
2) World Super Super Power , India , objects to BRICS expansion but everyone in BRICS ignored India's demand and went ahead and expanded BRICS (refer to BRICS Summit) 🤭
3) World Super Super Power , India , said that they are "Global leader of technology". However, OpenAI CEO Sam Altman has said that India's attempt to develop an artificial intelligence tool like ChatGPT is "hopeless" and that is why Sam Altman over the weekend called for enhanced collaboration between the U.S. and China on artificial intelligence development? Is Sam Altman, the inventor of ChatGPT, belittling India and praising China? 🤭
Fun fact 1: OpenAI's Sam Altman Makes Global Call For AI Regulation—And Includes China. Contributor. OpenAI CEO Sam Altman over the weekend called for enhanced collaboration between the U.S. and China on artificial intelligence development.13 Jun 2023
Fun fact 2: 10 Jun 2023 — OpenAI CEO Sam Altman has said that India's attempt to develop an artificial intelligence tool like ChatGPT is 'hopeless.
4) World Super Super Power , India , begged for a permanent UNSC seat for over 30+ years. Nobody listened for over 30+ years since 1994 and each UNSC permanent member took turns to veto against India 🤭
Source1 : JSTOR
Title of article: INDIA'S PERMANENT MEMBERSHIP OF THE U. N. SECURITY COUNCIL : CHANGING POWER REALITIES AND NOTIONS OF SECURITY
Author: Manoj Kumar Mishra (Indian)
What article said specifically: India has been bidding for the permanent membership of the United Nations Security Council since 1994 when India made its intention clear in the General Assembly that it was prepared to bear the responsibility of the permanent membership of the Security Council.
Source 2: Hindustan Times : China’s Evil BRICS Plan: India & Brazil Push Back Against Xi’s Bid To Expand Grouping | Details
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India likes to think itself as a World Super Super Power that is far greater than the REAL superpowers of the World, USA/China/Russia, 🤭🤣😂 and that is why Modi proclaimed to the entire world that the 21st century belongs to India and India only. 🤭However those arrogant claims are far from reality. 🤭Read more below 👇
A "World Super Power" is one that can exert it's influence/dominance on the World's stage. For example, USA has the USD as the reserve currency of the world whereas China is the factory of the world and also the largest exporter of trade of the World. Russia, on the other hand, is one of the top 5 oil producing country and also the country with the largest number of nuclear arsenal. In addition, Russia also happens to be largest country of the world in terms of land mass and also one of the largest resources rich country. Take a look at how big the size of Russia on the map? What about India? 🤭
1) World Super Super Power , India , wanted to pay cheap and heavily discounted Russian oil in Rupees to take advantage of the Ukraine's crisis/war but was ordered to pay in Chinese Yuan instead. 🤭
2) World Super Super Power , India , objects to BRICS expansion but everyone in BRICS ignored India's demand and went ahead and expanded BRICS (refer to BRICS Summit) 🤭
3) World Super Super Power , India , said that they are "Global leader of technology". However, OpenAI CEO Sam Altman has said that India's attempt to develop an artificial intelligence tool like ChatGPT is "hopeless" and that is why Sam Altman over the weekend called for enhanced collaboration between the U.S. and China on artificial intelligence development? Is Sam Altman, the inventor of ChatGPT, belittling India and praising China? 🤭
Fun fact 1: OpenAI's Sam Altman Makes Global Call For AI Regulation—And Includes China. Contributor. OpenAI CEO Sam Altman over the weekend called for enhanced collaboration between the U.S. and China on artificial intelligence development.13 Jun 2023
Fun fact 2: 10 Jun 2023 — OpenAI CEO Sam Altman has said that India's attempt to develop an artificial intelligence tool like ChatGPT is 'hopeless.
4) World Super Super Power , India , begged for a permanent UNSC seat for over 30+ years. Nobody listened for over 30+ years since 1994 and each UNSC permanent member took turns to veto against India 🤭
Source1 : JSTOR
Title of article: INDIA'S PERMANENT MEMBERSHIP OF THE U. N. SECURITY COUNCIL : CHANGING POWER REALITIES AND NOTIONS OF SECURITY
Author: Manoj Kumar Mishra (Indian)
What article said specifically: India has been bidding for the permanent membership of the United Nations Security Council since 1994 when India made its intention clear in the General Assembly that it was prepared to bear the responsibility of the permanent membership of the Security Council.
Source 2: Hindustan Times : China’s Evil BRICS Plan: India & Brazil Push Back Against Xi’s Bid To Expand Grouping | Details
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KEY TAKEAWAYS
Chinese automakers produce 21 percent of the world’s passenger vehicles—a figure analysts estimate will reach 33 percent by 2030— and as of 2022 they produced 62 percent of the world’s EVs and 77 percent of EV batteries.
From 2020 to 2023, China’s global EV exports increased by 851 percent, with the largest share of those exports (nearly 40 percent) going to Europe.
Collectively, Chinese EV and EV battery enterprises have at least equaled—and in some cases surpassed—their Western peers in innovation capacity and product quality.
Chinese EV companies are 30 percent faster in developing and releasing new car models than are so-called “legacy” American, European, and Japanese carmakers.
Chinese institutions today account for 65.4 percent of the high-impact research publications in electric batteries, substantially outpacing U.S. institutions’ 11.9 percent.
Chinese entities’ global share of patents in the field of electric propulsion increased from 2.4 percent in 2010 to 26.9 percent in 2020.
China’s EV and battery manufacturers have benefitted from a range of innovation mercantilist policies, including over $230 billion in subsidies from 2009 to 2023, local content requirements, intellectual property (IP) theft, and forced tech transfers.
America’s long-term response to China’s dominance in EVs should include investing in R&D to accelerate technological innovation, stimulating consumer adoption of EVs (e.g., by deploying charging infrastructure), and defensive trade measures.
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India is 5th largest economy only because of 1.4+ billion population and nothing else. GDP is defined as the total value of goods/services produced for a certain period. I ask you this question. How much goods/services can a single person produce versus 10 person, assuming they are using the same type of labor? Obviously, 10 person will be able to produce more goods/services as compared to a single person. Ratio is 1 : 10 , 1 person versus 10 people and that is why India easily and ought to beat the GDP of countries with significantly lesser population.
Now, what happens if you were to make a more meaningful and fair comparison by comparing a 1.4+ billion population country India versus another 1.4 +billion country China?..... Why is India's GDP merely 3.18 trillion whereas China's GDP is 17.73 trillion (2021 World Bank data)?
Thus, don't give me nonsensical comments such as being the 5th or 6th largest economy in terms of GDP and don't even try bragging about it. A country of their size of 1.4 billion ought to be at least half the GDP of China because they have approximately the same population. They're not even 20% of China's GDP, yet they like to think themselves as superpower and throw their weight around🤣🤭🤣😂China only exposes the weakness of India: quality versus quantity. 🤭🤣
There are simply too many over proud Indians making false propagandas that they are the world fastest growing economy nowadays all over the internet 🤡 lol. Can you Indians even see the gap? 6495% growth > 1140% growth🤭🤣 Read more below 👇
For the purpose of having a fair and meaningful comparison, I will compare 1.4+ billion population India versus 1.4+ billion population China* (same GDP potential)
India's independence year = 1947
India's GDP on year 1987 = 279.03 billion
India 's GDP on year 2021 = 3.18 trillion
India's growth from 1987 to 2021 = 3180/279.03 X 100 = 1140%
China's independence year =1949
China's GDP on year 1987 = 272.97 billion
China 's GDP on year 2021 = 17.73 trillion
China's growth from 1987 to 2021 = 17730/272.97 X 100 = 6495% growth
Can you even see the gap? 6495% growth > 1140% growth🤭
Referring to World Bank Data, China grew from 14.69 trillion on year 2020 to 17.73 trillion on year 2021. It basically grew 3.04 Trillion in just 1 year, almost the entire economy size of India. India took 34 years to grow 2.9 trillion from a 279.03 billion economy to a 3.18 trillion economy. India is "world fastest growing economy"? 🤭
Before you accuse World Bank's data as not reliable, you need to understand that the entire world borrows money from World Bank. Yes, it is the same bank that India trusted and thus borrowed money from them to finance their Swachh Bharat toilet mission 2014 (The mission includes making 110 million toilets for 600 million Indians over a period of 5 years to end open defecation) 🤭
Truth and reality hurts the most😆
Indians hate the Chinese because the very existence of China is a perpetual reminder that China has succeeded whereas India has failed. The entire world is always comparing this 2 largest countries because they have the same population and because of this, Indians have a hard time coping being the inferior one. Thus, India have developed this defense mechanisms psychology that they cannot lose out to China.
1
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1
-
1
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1
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India is 5th largest economy only because of 1.4+ billion population and nothing else. GDP is defined as the total value of goods/services produced for a certain period. I ask you this question. How much goods/services can a single person produce versus 10 person, assuming they are using the same type of labor? Obviously, 10 person will be able to produce more goods/services as compared to a single person. Ratio is 1 : 10 , 1 person versus 10 people and that is why India easily and ought to beat the GDP of countries with significantly lesser population.
Now, what happens if you were to make a more meaningful and fair comparison by comparing a 1.4+ billion population country India versus another 1.4 +billion country China?..... Why is India's GDP merely 3.18 trillion whereas China's GDP is 17.73 trillion (2021 World Bank data)?
Thus, don't give me nonsensical comments such as being the 5th or 6th largest economy in terms of GDP and don't even try bragging about it. A country of their size of 1.4 billion ought to be at least half the GDP of China because they have approximately the same population. They're not even 20% of China's GDP, yet they like to think themselves as superpower and throw their weight around🤣🤭🤣😂China only exposes the weakness of India: quality versus quantity. 🤭🤣
There are simply too many over proud Indians making false propagandas that they are the world fastest growing economy nowadays all over the internet 🤡 lol. Can you Indians even see the gap? 6495% growth > 1140% growth🤭🤣 Read more below 👇
For the purpose of having a fair and meaningful comparison, I will compare 1.4+ billion population India versus 1.4+ billion population China* (same GDP potential)
India's independence year = 1947
India's GDP on year 1987 = 279.03 billion
India 's GDP on year 2021 = 3.18 trillion
India's growth from 1987 to 2021 = 3180/279.03 X 100 = 1140%
China's independence year =1949
China's GDP on year 1987 = 272.97 billion
China 's GDP on year 2021 = 17.73 trillion
China's growth from 1987 to 2021 = 17730/272.97 X 100 = 6495% growth
Can you even see the gap? 6495% growth > 1140% growth🤭
Referring to World Bank Data, China grew from 14.69 trillion on year 2020 to 17.73 trillion on year 2021. It basically grew 3.04 Trillion in just 1 year, almost the entire economy size of India. India took 34 years to grow 2.9 trillion from a 279.03 billion economy to a 3.18 trillion economy. India is "world fastest growing economy"? 🤭
Before you accuse World Bank's data as not reliable, you need to understand that the entire world borrows money from World Bank. Yes, it is the same bank that India trusted and thus borrowed money from them to finance their Swachh Bharat toilet mission 2014 (The mission includes making 110 million toilets for 600 million Indians over a period of 5 years to end open defecation) 🤭
Truth and reality hurts the most😆
Indians hate the Chinese because the very existence of China is a perpetual reminder that China has succeeded whereas India has failed. The entire world is always comparing this 2 largest countries because they have the same population and because of this, Indians have a hard time coping being the inferior one. Thus, India have developed this defense mechanisms psychology that they cannot lose out to China.
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Graham Allison, a professor at Harvard University who is a conservative and hardliner on China, published an article entitled "Can India Overtake China to Become the Next Superpower" in Foreign Policy on June 24. His analysis is as follows: India India's economic miracle has been highly anticipated since the early 1990s, but 30 years later, India is still stuck in the stage of expectation. In 2000, China's manufacturing, export and GDP were 2-3 times higher than India's, and now the gap has widened by 5 times. China's GDP is $17.7 trillion and India's is $3.2 trillion. It is worth mentioning that, based on 2000, China accounted for about 7% of the world's manufacturing industry, and India accounted for 1%. In 2022, China will increase to 31%, but India will only account for 3%. In the proportion of world merchandise exports, China surged from 2% to 15%, while India only increased from 1% to 2%.
Meanwhile, China's illiteracy rate is 1%, while India's is 25%. In the field of information and communication, which is rich in manpower in India, China appears to be unable to do what it wants. Four of the world's top 20 high-tech companies are Chinese companies, but India has none; China has 50% of the world's 5G communication facilities, but India only has 1%; China has TikTok and other platforms for the world, but India has nothing.
Allison cites these statistics and realities, citing former Singapore prime minister Lee Kuan Yew's assessment. Lee Kuan Yew, who has worked with India for a long time, believes that India cannot become a "future country" due to the deep-rooted caste system, sprawling bureaucracy, racial and religious disputes, and the leadership's lack of will to resolve them. Lee Kuan Yew's conclusion on this is: "Don't compare India with China".
Arvind Subramanian, a senior visiting scholar at Brown University who served as the chief economic advisor to the Indian government, published an article titled "Why India Can't Replace China" on "Foreign Affairs" last November. It is pointed out in the article that since the early 2000s, India has set off an investment boom, but not many foreign companies have transferred production to India. This is because the investment risk is too high, and the investment policy will change later. The rules will change later too, Indian rules and regulations are always in favor of the Indian chaebols that the government likes. India was also ranked as the most difficult country in the world to do business in the Global Doing Business survey.
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KEY TAKEAWAYS
Chinese automakers produce 21 percent of the world’s passenger vehicles—a figure analysts estimate will reach 33 percent by 2030— and as of 2022 they produced 62 percent of the world’s EVs and 77 percent of EV batteries.
From 2020 to 2023, China’s global EV exports increased by 851 percent, with the largest share of those exports (nearly 40 percent) going to Europe.
Collectively, Chinese EV and EV battery enterprises have at least equaled—and in some cases surpassed—their Western peers in innovation capacity and product quality.
Chinese EV companies are 30 percent faster in developing and releasing new car models than are so-called “legacy” American, European, and Japanese carmakers.
Chinese institutions today account for 65.4 percent of the high-impact research publications in electric batteries, substantially outpacing U.S. institutions’ 11.9 percent.
Chinese entities’ global share of patents in the field of electric propulsion increased from 2.4 percent in 2010 to 26.9 percent in 2020.
China’s EV and battery manufacturers have benefitted from a range of innovation mercantilist policies, including over $230 billion in subsidies from 2009 to 2023, local content requirements, intellectual property (IP) theft, and forced tech transfers.
America’s long-term response to China’s dominance in EVs should include investing in R&D to accelerate technological innovation, stimulating consumer adoption of EVs (e.g., by deploying charging infrastructure), and defensive trade measures.
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