Indian Economics thread.

[Nobonita Barua]

I believe due to serious incidents, China decided to no longer enforce the division of property after divorce. The one who paid for the house (biggest asset in China) is the owner regardless of who's on the title.

In the old days women had no job to support themselves resulting in such rules. Now CCP seems to think the costs are too extreme to the man leading to lots of strife especially when homes cost like 40 years of salary.

The result is women becoming more and more independent and childless.



Honestly this is probably a good thing for overpopulated places like China which is also on the verge of automation revolution.

But is this natural? Who knows.

Empowering woman through jobs & education? 2 thumbs up. If you want something from country, you have the responsibility of contribution too. My concern is how the word "independent woman" is interpreted. Financially solvent, with jobs & education is what i understand really means to be independent.

Along with disgusting mentality of other gender, the problem lies within woman too. Especially those living in West. The "independence" there means i have to do what a man do. Coupled with "whatever i want to do" fetish which results into nasty stuffs.

For me, being financially independent is much more important than having so called rights of wearing whatever i want. I find it much more attractive option to follow the culture of where i live. Because i can't enforce public behavior rules on a community.

 

[Kaeshmiri]

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Indians need to stop comparing their growth rate with China.

 

[Sardaukar20]

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Indians need to stop comparing their growth rate with China.

Same news by Quartz India:

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That data came from London-based GlobalData. The Quartz quoted their explanation:
“The easing of restrictions along with huge fiscal stimulus from the government has resulted in marginally better performance of Purchasing Managers’ Index—manufacturing and services since August 2020,” said Gargi Rao, economic research analyst at GlobalData.

Gargi Rao, the economic research analyst at GlobalData. Now I get it! LOL!

 

[Gatekeeper]

@localizer

I like the part on what the man said to the reporter at the last minute of the interview, " Look there are women sitting there lets rape them" hahahaha...LOL.. the man is serous and the reporter is tempted

He actually trying to justify rape by saying 'we all loose control sometime.'

If that's the mentality of Indians. Then good luck to super duper power India.

@Nobonita Barua

And while we are talking about rape. I dont think anyone should or could justify it.

 

[Nobonita Barua]

He actually trying to justify rape by saying 'we all loose control sometime.'

If that's the mentality of Indians. Then good luck to super duper power India.

@Nobonita Barua

And while we are talking about rape. I dont think anyone should or could justify it.

No we can't, by any means.

The problem is finding the solution with both genders unwilling to come to a solution. Man has "control" issue & woman has "freedom" issue.

 

[Nobonita Barua]

Now this is very confusing

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[Mt1701d]

A bit of an old story with a recent conclusion... It seems the Indians just have to create trouble for themselves... applying retroactive tax and seizure of stake in a local subsidiary, due to failure to pay such taxes, of an international (UK so understandable) company is really not a good idea... now state owned Indian companies might lose a combined 1.2billion, I presume USD, worth of assets from around the world at least in places where the international tribunal ruling can be enforced...

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[Sardaukar20]

A bit of an old story with a recent conclusion... It seems the Indians just have to create trouble for themselves... applying retroactive tax and seizure of stake in a local subsidiary, due to failure to pay such taxes, of an international (UK so understandable) company is really not a good idea... now state owned Indian companies might lose a combined 1.2billion, I presume USD, worth of assets from around the world at least in places where the international tribunal ruling can be enforced...

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But since the 582-page judgment was issued, Indian prime minister Narendra Modi's government has given no indication about whether it intends to honour the verdict, even though payment was due immediately.

"This is becoming a sore point for foreign investors. The government needs to resolve it objectively, rather than from an ego perspective," Indian tax adviser Dinesh Kanabar told the BBC.

That's how the Indian government operates. God forbid you challenge their ego. They'll change laws at a whim. They have no concept of honoring contracts. They are bound only by the law of Jai Hind! Good thing that foreign investors are learning it the hard way. Now they are learning why India can never be the next China.

In an earlier interview, billionaire biotech entrepreneur Kiran Mazumdar Shaw, the new vice chair at the India-US Business Council also flagged "outstanding tax disputes with large corporations" as a key impediment to India's desire to position itself as a preferred investment destination.

This is not a new problem with India. But since the gangster BJP government have taken power, it has become much more prevalent. Still wanna invest in India? Good luck!

 

[weig2000]

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Indians need to stop comparing their growth rate with China.

On the surface, the author appears to damp down the enthusiasm about India (projected to) being the fastest growing economy in the world, faster than China. Then he wades into a jungle of statistics to confuse people or simply being confused himself.

As per the World Bank, the Indian GDP in 2019 (in constant 2010 $) was $2.94 trillion. In 2020. A contraction of 8% in 2020 would mean a GDP of $2.70 trillion in 2020. A 11.5% rise on this would mean that the Indian GDP is expected to touch $3.01 trillion in 2021, which is around 2.4% better than the GDP in 2019.

First off, Indian GDP in 2019 was NOT $2.94 trillion. It was $2.875 trillion as per

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. He inflated Indian GDP somewhat.

Also, before saying stuff like India will grow faster than China in 2021, please keep in mind the fact that the Chinese GDP in 2019 was $11.54 trillion (World Bank data), which is much more than that of the India’s GDP.

Secondly, he significantly deflated Chinese GDP in 2019 based on the same claimed World Bank data. In fact, according to

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, Chinese GDP in 2019 was $14.342 trillion.

In 2020, the Chinese economy was expected to grow by 2.3%. This means that the Chinese GDP in 2020 would have grown to $11.81 trillion. In 2021, the Chinese GDP is expected to grow by 8.1% to $12.76 trillion. This means an increase in GDP of $0.95 trillion in just one year. If we compare this increase with the expected Indian GDP of $3.01 trillion in 2021, what it means is that China will end up adding 31.6% of the India’s economy in just one year. Or to put it simply, China will add a third of India’s economy in just one year.

Then, his calculation and claim that followed are confusing as hell. In reality, the incremental growth in nominal Chinese GDP in 2021 alone can be anywhere between 80%-100% of Indian GDP in 2021. Or put differently, Chinese GDP will be approaching six times of that of India.

Indeed, they should stop comparing their growth rate with China's. Instead, they should focus on the multiple of Chinese GDP relative to Indian GDP. It gives them the true picture as opposed to the respective growth rates.

 

[localizer]

On the surface, the author appears to damp down the enthusiasm about India (projected to) being the fastest growing economy in the world, faster than China. Then he wades into a jungle of statistics to confuse people or simply being confused himself.



First off, Indian GDP in 2019 was NOT $2.94 trillion. It was $2.875 trillion as per

Please, Log in or Register to view URLs content!

. He inflated Indian GDP somewhat.



Secondly, he significantly deflated Chinese GDP in 2019 based on the same claimed World Bank data. In fact, according to

Please, Log in or Register to view URLs content!

, Chinese GDP in 2019 was $14.342 trillion.



Then, his calculation and claim that followed are confusing as hell. In reality, the incremental growth in Chinese GDP in 2021 alone can be anywhere between 80%-100% of Indian GDP in 2021. Or put differently, Chinese GDP will be approaching six times of that of India.

Indeed, they should stop comparing their growth rate with China's. Instead, they should focus on the multiple of Chinese GDP relative to Indian GDP. It gives them the true picture as opposed to the respective growth rates.

India needs to compare itself with the African continent, not China.

Africa as a whole is very similar to India in terms of development and fragmentation of population.


Except Africa will likely grow faster than India.