India's GDP Growth May Outpace Japan, China, US for the Next Decade - BNY's Cox

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1. Stupid title, India a relatively low GDP/capita will anytime out growth more developed economy. This is common sense.
2. I understand that we all love to be optimistic. But I prefer living in reality.India is still a dirty, filthy place. Life is still miserable. Delhi closed all the schools for three days due to Smog and 1000s of children are suffering with severe respiratory problems and ending in hospitals (Including my own child). It's better we act quickly, open our eyes, join hands and solve our problems. Rather than dreaming about becoming a super power.
3. India has more cities , but our villages are shit..
4. Lets help each other rather than getting jealous about each other China
5. the overall economy: China > India + Japan + UK ! so good luck
6. Study in Ukraine and Russia ) ) wellcome www.sf-study.com ☺ https://youtu.be/8Rg5HPJVyA8
7. jai hind. ...
8. jai hindh
9. With all the growth in India, poverty will never end in India because it's part of the Hindu religion. The low cast can only clean bathrooms, the upper cast Hindus will never accept them to sit next to them.
10. Liang Yang you can not compare apple with orange. I hope you understand you can not compare India with Indonesia, Vietnam etc.India went to mars without any problem.could you go there in first attempt.INDIA has the largest english speaking population.India has the largest english newspaper.Largest number of Indians with higher education are working in the world. Cars,money,roads building do not make any country great.Your ancestors like Huen Sang Fahu Yan came to India for learnig, budhist monks taught so many things.Because of historic reasons India suffered. India will rise from the ashes like Germany Europe etc
11. Best wishes to India. No need to debate between Indians and Chinese. Indians have come a long way for the last 15 years. University graduates more than doubled. The construction of the quadrilateral highways. The old days we used to joke, " The only reason for the existence of the Mumbai airport is to make Deli airport look good", now both airports are among the tops of the world.
    Jai Hind!
12. 翻牆來此，請勿與印度人爭論印度經濟。他們聽不進去的。口出惡言傷害感情制造敵人。印度經濟飛躍是中國福音。免得美國盯著中國一個對象找碴。當然印度比他們自己的想像差太多，我們不必太口水。
13. India's IT outsourcing industry is growing, but it is facing risks from high inflation and pervasive corruption. I have discussed this in a video on my channel.
14. reservation based on cast rather than on economical background , government jobs and promotion on the basis of performance , unorganised parallel economy, black money of political parties , private moneylenders, poor educational infrastructure, politics based on religion caste, until these problems get solved in my country India, my country will never ever surpass other economies.
15. Fake reports with total disregard for fundamentals
16. KIDDING
17. I'm optimistic for India's future but more pessimistic about its development for the next 2-3 decades. The major problems with India can be summarized into three categories : 1) Highly localized government with insanely corrupted officials. India does not even have centralized government to control the market, there isn't even any fix tax across the country, when you do business across different states, you need to pay several taxes to local government (more like bribery) or else you can't cross, it is like doing business with different countries, very inefficient and corrupted, and your beloved PM Modi used to defend that system because he was part of beneficiary, now that he is the PM, he wants to change it, but he can't, because it requires huge revolution, and that would hurt many caste interests. 2) A lot of land are controlled by caste families, and because India is a "democratic" country, you can't just move people out of their land and develop infrastructure. Normally you can pay the farmers or whatever market price for the land right? But because India is so corrupted, most of the land that controlled by caste are labelled at a much lower price than their real value so that caste families can pay less tax. So when the government trying to buy their land with the market price, of course they won't sell it because that is not the real price! And another problem is the Indian government does not have money, so typically whatever money can buy isn't an issue, became an issue in India. This lead to a bigger issue - the younger population. With that many young population, a service based economy in a developing country is NOT sustainable, you need to grow the manufacturing. The problem is, without infrastructure development, India's manufacturing can NOT grow, so India would end up with HUGE amount of young unemployed population, this will be a HUGE PROBLEM!!!! 3). India has a ridiculously retarded labour law - any company with more than 100 workers, if you want to lay people off, you need to get approval from the government. The problem is India is a "democratic" country, so most of the time, the government does not approve it because they might lose VOTE (remember there are more employees than employers in a company, so employees hold more VOTE!). This forces many companies to stay small, they rather not expand to 100 employees, which hurt the economy alot, and many workers don't work as hard, because they normally don't get lay off or fired! In summary, those 3 problems can be solved, but it would take ages!!!! I highly doubt Modi can fix all three of them, but as long as Modi fix any of them (preferably the first one because it is the most important), India should start to grow like crazy.
18. This is not surprising. India or then hindu civilization was the largest economy and richest civilization in the world with a GDP 25 to 30% until 1700 AD or until colonialists from Europe sneaked in (in the 17th century) and started de-industrializing and looting it according to Angus Maddison's 20 yrs research on world economy for the past 2000 yrs. His book "World economy: A millennial perspective and historical statistics" says it all. China was not even in the scene until 1500 AD.
19. China gdp is 5.2 times of India, outpacing china of less than one per cent of GDP growth, still takes india another century to reach China's GDP assuming China is not growing anymore. By the way, New Guinea's gdp grew by 12 per cent in 2015, leaving India in the dust..so does that also mean New Guinea is going to be the next economic super power...Indians love boasting and day dreaming. period.
20. india rocks