India to overtake China in 2020

Rabbitone · Jan 1, 2010

Quote from garchbrooks:

The Indian knows better than to buy food until he knows there's no melamine in it. The Chinaman, on the other hand, will kill himself, his children, and his pets -- if he isn't killed already on "first world infrastructure" after the warranty expires.

The Chinese are only doing better right now because the caste system in the US is selling out the American equivalent of sudras. If you got rid of the top caste in the US, the Chinese would be forced to accept reasonable playing rules where they can't subsidize and dump into foreign markets. Just because they don't formally call it a caste in non-Indian societies doesn't mean they don't exist. Indians were smart enough to label the lunacy. Americans just read Romans 13 and accept their politicians as proxies for Jesus.

In the long run, the world will only put up with so much and the Chinese way of doing business will be rejected in foreign markets. All that excess production capacity constructed on debt will take the country into social chaos on an order the world has never seen before.
More...

Your reflection on this matter provides new insights. Keep writing.

Emmanuel114 · Jan 1, 2010

Quote from Yuvrajjj:

China, alarmed at Indiaâs rise, will raise tensions along the Himalayan border. China will threaten to divert the waters of the Brahmaputra from Tibet to water-scarce northern China. India will threaten to bomb any such project. The issue will go to the Security Council.

http://economictimes.indiatimes.com...020-Swaminathan-Aiyar/articleshow/5401241.cms
More...

An underanalyzed issue when talking about the BRICs. Water will be very important in a few decades.

Standard Oil · Jan 1, 2010

I think American outsourcing to India is finished.

It was a Bush initiative and the government has learned the errors of it's ways.

It's only a matter of time before America goes back on the BUY AMERICAN band wagon and India turns back into it's previous self.

The Chinese are a serious threat as a world power though because they are far more adaptable and better educated.

For fun I've decided to learn to speak Mandarin this year.

newguy05 · Jan 1, 2010

Everyone is a comedian...have you actually been to india?

Other than the city center of mumbai/bombay which is well developed and catered towards western business, the country is still in the 19th century.

You cannot compare the infrastructure, transportation, nor overall economy between the two country, it's not even close. Nor the pace which progress is happening.

China right now view india as sort of the retarded cousin who is trying so hard but just doesnt come close, then get jealous and start making all those public whines about china not playing fair /cry. Ask most people in china about india comparison, they will just laugh. India may eventually overtake china but not by 2020, maybe in another 50-100 years.

The country other than china which is a good potential for investment in my opinion is brazil, and the women there!!! wow!

Quote from Yuvrajjj:

In the past decades, India has been world number one in starvation deaths, foreign aid and bribery. In the 2000s, it was transformed from a chronic under-performer to a potential superpower. Here are eight predictions of what it will look like in 2020:

India will overtake China as the fastest-growing economy in the world. China will start ageing and suffering from a declining workforce, and will be forced to revalue its currency. So its growth will decelerate, just as Japan decelerated in the 1990s after looking unstoppable in the 1980s. Having become the worldâs second-biggest economy, Chinaâs export-oriented model will erode sharply â the world will no longer be able to absorb its exports at the earlier pace. Meanwhile, India will gain demographically with a growing workforce that is more literate than ever before. The poorer Indian states will start catching up with the richer ones. This will take Indiaâs GDP growth to 10% by 2020, while Chinaâs growth will dip to 7-8%.

India will become the largest English-speaking nation in the world, overtaking the US. So, the global publishing industry will shift in a big way to India. Rupert Murdochâs heirs will sell his collapsing media empire to Indian buyers. The New York Times will become a subsidiary of an Indian publishing giant.

In the 2000s, India finally gained entry into the nuclear club, and sanctions against it were lifted. By 2020, Indian companies will be major exporters of nuclear equipment, a vital link in the global supply chain. So, India will be in a position to impose nuclear sanctions on others.

India, along with the US and Canada, will develop new technology to extract natural gas from gas hydrates â a solidified form of gas lying on ocean floors. India has the largest gas hydrate deposits in the world, and so will become the biggest global producer. This will enable India to substitute gas for coal in power generation, hugely reducing carbon emissions and making Jairam Ramesh look saintly.

India will also discover enormous deposits of shale gas in its vast shale formations running through the Gangetic plain, Assam, Rajasthan and Gujarat. New technology has made the extraction of shale gas economic, so India will become a major gas producer and exporter. Meanwhile, Iranâs mullahs will be overthrown, and a new democratic regime will usher in rapid economic growth that creates a shortage of gas in Iran by 2020. So, the Iran-India pipeline will be recast, but in reverse form: India will now export gas to Iran.

More and more regions of India will demand separate statehood. By 2020, India will have 50 states instead of the current 28. The new states will not exactly be small. With 50 states and a population of almost 1.5 billion, India will average 30 million people per state, far higher than the current US average of 6 million per state.

China, alarmed at Indiaâs rise, will raise tensions along the Himalayan border. China will threaten to divert the waters of the Brahmaputra from Tibet to water-scarce northern China. India will threaten to bomb any such project. The issue will go to the Security Council.

Islamic fundamentalists will take over in Afghanistan and Pakistan. The US will withdraw from the region, leaving India to bear the brunt of consequences. Terrorism will rise in India, but the economy will still keep growing. How so? Well, 3000 people die every year falling off Mumbaiâs suburban trains, and that does not stop Mumbaiâs growth. Terrorism will bruise India, but not halt its growth.

http://economictimes.indiatimes.com...020-Swaminathan-Aiyar/articleshow/5401241.cms
More...

adadadog · Jan 1, 2010

Quote from newguy05:

Everyone is a comedian...have you actually been to india?

Other than the city center of mumbai/bombay which is well developed and catered towards western business, the country is still in the 19th century.

You cannot compare the infrastructure, transportation, nor overall economy between the two country, it's not even close. Nor the pace which progress is happening.

China right now view india as sort of the retarded cousin who is trying so hard but just doesnt come close, then get jealous and start making all those public whines about china not playing fair /cry. Ask most people in china about india comparison, they will just laugh. India may eventually overtake china but not by 2020, maybe in another 50-100 years.

The country other than china which is a good potential for investment in my opinion is brazil, and the women there!!! wow!
More...

You spoiled the fun. Just like the child spelled out that the empire deos not have clothes; this applies to the whole Indian nation.

garchbrooks · Jan 1, 2010

Quote from Standard Oil:

I think American outsourcing to India is finished.

It was a Bush initiative and the government has learned the errors of it's ways.

It's only a matter of time before America goes back on the BUY AMERICAN band wagon and India turns back into it's previous self.

The Chinese are a serious threat as a world power though because they are far more adaptable and better educated.

For fun I've decided to learn to speak Mandarin this year.
More...

All the educated Americans will be dead or outnumbered when the baby boomers die. If you don't believe me, walk into the engineering and math departments of any top 30 engineering school in the US.

The future of America are the people they feature on TV shows like "Jersey Shore" now.

falcontrader · Jan 1, 2010

i think it is interesting that it is not just education but risk and taking calculated risk that make a country great. i have traded for over 20 years and the best traders have been american by far indians too risk adverse, want to quantify everything but surprise ,surprise trading=business is dirty and you have to take some risk. chinese=get all drunk on risk and just gamble like madmen and get killed. the models are the romans, the british,the mongols,alexander, the rest were just lucky

psytrade · Jan 1, 2010

Garch,

"the situation" is under control, wouldn't you say ?

toc · Jan 1, 2010

One major advantage India has over China is that India has belief in Religion and respect for all the religions. Chinese are godless commies!

hoffmanw · Jan 2, 2010

Quote from toc:

... India has belief in Religion and respect for all the religions...
More...

Christians in India Faced Three Attacks per Week in 2009

NEW DELHI (Compass Direct News) â After unprecedented large-scale attacks on Christians in the previous two years, 2009 brought hardly any respite as the minority faith faced an average of more than three violent attacks a week.
There were at least 152 attacks on Christians in 2009, according to the âPartial List of Major Incidents of Anti-Christian Violence in Indiaâ released by the Evangelical Fellowship of India....

http://www.christianpost.com/articl...n-india-faced-three-attacks-per-week-in-2009/