Have heard this phrase a number of times.

Kindly give your opinion which position will India stand after 10 years in

1. International Trade
2. Where its position its economy stand in world listing?

Replying to [balu1234]:You name balu sounds like Indian.

First why did you say that, Indian economy is booming, without any qualifications? The staffs of Alibaba took pains to gather the resources of a host of countries on their Economic Indicator and other facts and data available for everyone here to read.

For India go to :http://resources.alibaba.com/country_profiles/economie_25.htm

You will find the GDP (US$billions) for 2005 is 746.120 growth is 7.1% and for 2006 is 808.948 the growth is 6.3%.

Compared with China,
http://resources.alibaba.com/country_profiles/economie_11.htm

The GDP for 2005 is US$1909.659 billion, and growth 9.0%, for 2006 the GDP is 2172.111 billion USD, growth will be 8.2%.

So, whose economy is booming, comparing a 3 figure GDP and a 4 figure GDP?

STREET

Replying to [Street Smart]:Bump upbaby.

Replying to [Street Smart]: Hi Street,

you are comparing the data with a single economy. But if you keep Indian amd the country that you are comapring and various other countries who are striving to move ahead, u will find the data for india improving considerably well.

Regds

Quoting from [balu1234]:


Replying to [Street Smart]: Hi Street,


you are comparing the data with a single economy. But if you keep Indian amd the country that you are comapring and various other countries who are striving to move ahead, u will find the data for india improving considerably well.


Regds

Streetsmart,

I think what Balu1234 is trying to say here is to not just compare the figures from the company... but to also compare the RATE of growth.  Personally, I have no idea of the rate of growth of either country, but I can certainly say that it would not surprise me if India were to be doing very well right now.  Currently the US outsources many jobs to India, where the education level has been on the rise and there are enough educated workers to perform the jobs we send there. 

Just my thoughts.

--tworivers

Streetsmart,

Please take a look at this debate:
http://economictimes.indiatimes.com/opinion/et-debate/Will-China-drag-global-and-Indian-markets-down/articleshow/5038581.cms

One of the things that the debate uncovers is that the Chinese economy has grown only because of a huge stimulus whereas the Indian economy did not need or even get such a stimulus. So, you decide which economy is doing better.

Also, one of the topics of discussion in the current G20 meet is macro-economic changes in the financial models of countries such as US, EU and China. Their economic models have precipitated or, to some extent, contributed to the current global financial crisis. If they make appropriate changes, it would be good for the global economy; however, these countries would be charting a relatively different and a, somewhat, unknown course. Therefore, how they fare afterwards is open to debate. So, the future is a little uncertain for these countries.

I hope they do well. After all, these countries buy raw materials or finished goods from India. And, as an Indian, we cannot afford to lose our buyers!

Regards,

I think India will become a big country in economy, and the second biggest developed coutry only after China

Yes, I agree that the Indian market is booming up. In order to help traders develop their business in India, the Hong Kong Trade Development Council has developed an Emerging Market portal. Click on the 'India' tab, you will see the latest business news, market trends, laws and regulations of India. Very useful!

http://www.hktdc.com/info/vp/emk/en/Emerging-Markets?DCSext.dept=2&WT.mc_id=1399134

This is a reply to ShanOng [ Tijit Pte / Street Smart ] as also to Balu123

The two fastest growing economies are China and India, China currently having bigger numbers than India for sure.

The question is how sustainable is that growth for China and India ? China's economy opened up to globalisation in the 70's as opposed to India which had opened up its doors in the 90's. Obviously, China was ahead and this is the current line up. On the other hand what needs to be noted is the pace and consistency for the years ahead. This is where most economists believe, India wouldnt need much time to close out on the gap with China and subsequently go beyond.

There are few different factors as I see it :

* China is a tightly controlled market with a single party political system, whilst India has a proven record of democratically elected governments with a much more liberalised market. Am sure if you are an investor, this would impact your decision(s).

* China's growth has been majorly owing to the Industry export segment where as Indias growth is a mixture of Industries, trade and a bit more agressive services segment. India has a larger educated, English-speaking population as opposed to China.

* The recent financial crisis seems to have impacted both China as well as India but China was a lot more exposed to the crisis than India has been.

* South Asian markets are tipped to grow more than East Asian or South-East Asian markets.

I guess if you want to really compare and contrast these two countries / economies, I'd suggest comparing 1990's Chinese economy with current Indian figures.. This is a very coarse contrast as there are other factors obviously like, e-Commerce  which has impacted the growths massively which I believe both India and China have successfully used it to their advantage.

Just so that the focus on growth isnt lost here, both the economies will grow bigger and better irrespective of it being India or China or even . I believe China is India's biggest trading partner so, chances are both would want each other to be growing more than any other thing.

The key issues to me would not be who would grow bigger but who would distribute that growth better considering poverty is wide-spread both in China and India irrespective of these astounding growths, I guess its all thanks to the rampant corruption. For both these " developing " countries to become " developed " countries the issue of poverty, crime and corruption has to be addressed.

By the way, this newbie ( just joined Alibaba ) is  from Sydney, Australia. This was my understanding and I could be wrong or just spot on, just thought would throw in my 2 cents to this thread. It would be great to know of any good business proposals you may have, that I could probably be of some help.

Good luck and Cheers,
evoguy6
 

with in five years indian becomes more powerful in all the fields