Again, here I repeat my findings as from IMF source, the GDP of various countries in the world.

I have it placed in a graph which is proportional to the GDP and GDP per capita. Any one can tell that a GDP per capital reflects the earning potential of an individual in the country.

If a country has 1 billion population and is producing 1 billion dollars of goods worth, the GDP per capita indicates the productivity is low per person, and in real case that is the indicator of the nation's wealth and individual's economy.

Replying to [Street Smart]:I presume that this is in continuation with our earlier discussions, instead of replying in the same thread you have posted a new topic. Anyway I must mention here that this graph has no significance as the scale for GDP & GDP per capital will be different.
& you have taken Developed and Developing countries together i.e. which economy has already developed and already achieved the highest GDP in earlier years in comparision with the economies which are at developing stage like china, India etc.

where as I am emphasizing on the economic growth of each country w.r.t the year 2006.

Replying to [Street Smart]:Hey Street... Good graph, thank you. Any chance you can pull the same data for 25 years ago maybe? Say 1980? WOuld be great to see the comparison


Oh and btw .. There has to be a mistake in there somewhere. No way can Australia be that productive..... How can we be when all of us are usually to be found sitting on a beach with a 6-pack!

Quoting from [Foow]:



Replying to [Street Smart]:Hey Street... Good graph, thank you. Any chance you can pull the same data for 25 years ago maybe? Say 1980? WOuld be great to see the comparison




Oh and btw .. There has to be a mistake in there somewhere. No way can Australia be that productive..... How can we be when all of us are usually to be found sitting on a beach with a 6-pack!

Dear Foow,

If you look at GDP growth, your companson will only be over the same period compared with the previous year or period.

 If the basis of comparison is based solely on the GDP, we will find countries like Brasil, Russia, South Korea, and eight others still ahead of India's GDP. As pointed out, there are more than a dozen countries ahead of India, and the bars on the chart is for the GDP per capital and the GDP together.

The chart as boldly displayed by Deepali, is only showing the bar graph of the growth or increase of the economy,not on the absolute value of the GDP performance for the year 2005 and 2006. On the basis of GDP per capital, India is not even in the top 20 list.

India's GDP for 2005 is at US$ 746.12 billion, and 2006 is at US$808.948 billion, a GDP per capital of  $732.26.

There are many countries, termed as developing by standards of GDP per capital that have the GDP per capital surpassing $732.26 take Iran for example is at USD3427.919 per capital, or even Egypt, at USD1416.878 per capital.

GDP estimates do not vary much from one source to another, and even if they do, it is representation of the data from all other countries and is unbiased as the report is by IMF.

India has rising inflation rate of 5.1% and an widening gap of trade deficit since 2003. The imports are higher than exports.

Street Smart 

Replying to [Street Smart]:Hey James, What are you doing? are you complaining to Foow about me ?? Just joking.


Dear James, Why are you unable to understand the point, I am pointing towards the growth. & you are continuously emphasing on the position amongst the other country.

Just go thru the below link, you will see that their is a significant growth in 2006 for India

http://www.doingbusiness.org/ExploreEconomies/?economyid=89

See as per world Bank report
India has many highly skilled professionals, scientists and engineers, but they represent only a fraction of the population.

IT: India has developed global niches in the Information Technology (IT) sector. The IT sector accounts for almost 4% percent of the GDP, but employs only a million people.

ICT: Indian mobile telephony is one of the cheapest in the world due to price competition. More than 47 million people had mobile phones at the end of 2004. ICTs growth has been concentrated in urban areas.

The government has to increase access to ICTs, such as make phones, cell phones, computers and internet connectivity more available; enhance people’s ICT literacy and skills; and develop ICT applications that can provide much-needed social, economic, and government services to citizens. Promoting the use of ICTs throughout the economy can raise productivity and growth.

Innovation: India is becoming a major global source of research and development (R&D). Some 100 multinational corporations have R&D centers in the country. But it’s a relatively closed economy compared with other Asian economies. India must take advantage of foreign direct investment, technology licensing, and etc. to catch up to countries like China.

To improve its competitiveness in the knowledge economy, India must strengthen the economic and institutional regime, expand access for all to education that meets the needs of the market and encourages critical thinking; improve the efficiency of public R&D, increase private R&D, and encourage university-industry linkages; build a dynamic information infrastructure; and create a shared vision between government, private sector and civil society on ways to move forward.

Replying to [Street Smart]:

Street,

I believe the term is GDP per capita and not capital ..

Regards,

Replying to [Street Smart]:

" ...and an widening gap of trade deficit since 2003. The imports are higher than exports."

Then, why is it that India's forex reserves are rising and the INR is steady, if not rising?

I just don't understand it!

Regards,

Replying to [rchas]:Rchas. INR= Indian Rupee? I am not sure if that iw what the term means.

Replying to [Foow]:

"INR= Indian Rupee?.."

Yes, INR is the internationally accepted abbreviation for the Indian Rupee. Similarly, USD stands for the United States Dollar and AUD stands for the Australian Dollar.

Regards,

Quoting from [Deepali]:


Dear James, Why are you unable to understand the point, I am pointing towards the growth. & you are continuously emphasing on the position amongst the other country.


Just go thru the below link, you will see that their is a significant growth in 2006 for India


http://www.doingbusiness.org/ExploreEconomies/?economyid=89

Dear Deepali,


GDP growth is not indictor of economic health of a country.


Developed countries like Germany, Japan, Switzerland and Sweden had negative GDP growth for yty 2005-2006. However, the GDP per person is much higher than India.

GDP growth is all relational, there is no absolute figure, and highly subjective. There is one important aspects which GDP growth and indicators do not show - i.e. Foreign Investments.


I sense that you are getting emotional and leaning more to personal attack. One of the DO NOT policies in Alibaba Guidelines is Personal Attack. Can't you take differences in opinion and views, in fact to accept arguments based on facts.


Street Smart

Replying to [Street Smart]:Hey james, I am just interested in healthy discussions, can't you see, I haven't taken anything personal. Infact, I am interested in exchange of ideas & facts. Please understand.

Well you can check

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)