PDA

View Full Version : India overtakes the UK in GDP terms



DimPrawn
21st December 2016, 22:21
Economy of India: For the first time in nearly 150 years, India's economy surpasses that of United Kingdom (http://timesofindia.indiatimes.com/india/for-the-first-time-in-nearly-150-years-indias-economy-surpasses-that-of-united-kingdom/articleshow/56064690.cms)

:yay:

Well done Bob.

vetran
21st December 2016, 22:45
Indeed, lets hope they fix the corruption, poverty & injustice over there.

Well done India.

sasguru
21st December 2016, 22:54
Indeed, lets hope they fix the corruption, poverty & injustice over there.

Well done India.

It will take a while. But not too long at their 7-8% pa growth rate.

Unfortunately you stupid cretinous Brexiters have reduced our growth rate from the normal 2.5% to 1% at best. And that's really at best if Brexit works otherwise it's a handbrake turn on the economy.
Well done thickos.

vetran
21st December 2016, 22:56
It will take a while. But not too long at their 7-8% pa growth rate.

Unfortunately you stupid cretinous Brexiters have reduced our growth rate from the normal 2.5% to 1% at best. And that's really at best if Brexit works otherwise it's a handbrake turn on the economy.
Well done thickos.

Well they have had 60 years since they were part of the Empire to fix the corruption, not quite done it yet.

GB9
21st December 2016, 22:59
It will take a while. But not too long at their 7-8% pa growth rate.

Unfortunately you stupid cretinous Brexiters have reduced our growth rate from the normal 2.5% to 1% at best. And that's really at best if Brexit works otherwise it's a handbrake turn on the economy.
Well done thickos.

I forgot you off the light bulb list.

Economically illiterate base sas developer. Can't get a job in the UK. Has had to work in a lower paid economy. Now comes crawling back to the UK to pick fruit but not even up to that.

Merry Xmas assguru. ;)

sasguru
21st December 2016, 23:07
I forgot you off the light bulb list.

Economically illiterate base sas developer. Can't get a job in the UK. Has had to work in a lower paid economy. Now comes crawling back to the UK to pick fruit but not even up to that.

Merry Xmas assguru. ;)

Funny that I work in the uk then.
For almost certainly double your rate.
You smell of loser and that's before Brexit.
Bring hard Brexit on big boy.:happy

GB9
21st December 2016, 23:11
Funny that I work in the uk then.
For almost certainly double your rate.
You smell of loser and that's before Brexit.
Bring hard Brexit on big boy.:happy

How did you know about my size? The legend clearly lives on.

The local Tesco will take you. I think you get your own thermal jacket for when you are doing the chilled section. You'll have to start on the night shift but you'll get paid more than for your IT and economics skills. I'll say hello next time I'm in. Enjoy.

sasguru
21st December 2016, 23:13
How did you know about my size? The legend clearly lives on.

The local Tesco will take you. I think you get your own thermal jacket for when you are doing the chilled section. You'll have to start on the night shift but you'll get paid more than for your IT and economics skills. I'll say hello next time I'm in. Enjoy.

:laugh hook , line and sinker

vetran
21st December 2016, 23:31
:laugh hook , line and sinker

don't worry Ass we expect you to make a muppet of yourself.

jbond007
22nd December 2016, 07:52
Economy of India: For the first time in nearly 150 years, India's economy surpasses that of United Kingdom (http://timesofindia.indiatimes.com/india/for-the-first-time-in-nearly-150-years-indias-economy-surpasses-that-of-united-kingdom/articleshow/56064690.cms)

:yay:

Well done Bob.

Isn't this down to currency fluctuation ? I think they will eventually take over UK in few years time, but this particular overtake has been down to £/$ fluctuation.

Also, what a poorly designed website for what seems to be a leading newspaper in the country.

DimPrawn
22nd December 2016, 08:18
Isn't this down to currency fluctuation ? I think they will eventually take over UK in few years time, but this particular overtake has been down to £/$ fluctuation.

Also, what a poorly designed website for what seems to be a leading newspaper in the country.

Are you questioning the great IT skills of India? $5 hr Java coders, how many do you want on the team?

BrilloPad
22nd December 2016, 08:27
Isn't this down to fluctuation ?

Fluc to you Asians? Fluc to the Europeans more like.

northernladyuk
22nd December 2016, 09:27
How did you know about my size? The legend clearly lives on.



Yes, the girls know to charge the lard arses double.

d000hg
22nd December 2016, 10:08
There's a billion of them, that they're on a par with us is amazing and it was only a matter of time.

darmstadt
22nd December 2016, 10:18
Does this mean that the UK will stop sending aid money to India and that India will start sending aid money to the UK after Brexit :laugh

tomtomagain
22nd December 2016, 10:20
It is amazing really that a country with a population of 1.25B has only just drawn level with a country with a population of 65M.

Just show's you how unequal the world is. The average Indian has 1/20th the wealth of the average UK citizen.

It will be a long, long time before that gap is closed.

vetran
22nd December 2016, 10:21
There's a billion of them, that they're on a par with us is amazing and it was only a matter of time.


It is amazing really that a country with a population of 1.25B has only just drawn level with a country with a population of 65M.

Just show's you how unequal the world is. The average Indian has 1/20th the wealth of the average UK citizen.

It will be a long, long time before that gap is closed.

good point well made.

tomtomagain
22nd December 2016, 10:22
Does this mean that the UK will stop sending aid money to India and that India will start sending aid money to the UK after Brexit :laugh

No.

It means that the combined economic output of a seventh of world's population is level with the UK.

Grinding poverty and corruption will mean that aid money flows into India for many years to come.

sasguru
22nd December 2016, 10:33
It is amazing really that a country with a population of 1.25B has only just drawn level with a country with a population of 65M.

Just show's you how unequal the world is. The average Indian has 1/20th the wealth of the average UK citizen.

It will be a long, long time before that gap is closed.

Jeez, learn some history FFS.

The UK's wealth is in large part built on looting India for centuries.
When Britain took over, the states that comprised current day India accounted for 25% of wolrd GDP, when Britain left that area accounted for 3% of GDP.
Before British rule the area was prosperous enough that no one starved.
During Britiish rule, in the 40s, there was a famine that killed > 3 million people.
There has been an amazing turnaround by India considering they just liberalised the economy in 1991.

sasguru
22nd December 2016, 10:41
It will be a long, long time before that gap is closed.

Wrong. Do you understand compounding growth rates?
A 7-8% compound growth rate is exponential in pattern, not linear.
India's growth started rocketing only in 1991 when the economy was liberalised.
There is already a sub-population in India that is the size of a large European country that has a similar standard of living.

tomtomagain
22nd December 2016, 10:47
Jeez, learn some history FFS.

The UK's wealth is in large part built on looting India for centuries.
When Britain took over, the states that comprised current day India accounted for 25% of wolrd GDP, when Britain left that area accounted for 3% of GDP.
Before British rule the area was prosperous enough that no one starved.
During Britiish rule, in the 40s, there was a famine that killed > 3 million people.
There has been an amazing turnaround by India considering they just liberalised the economy in 1991.


Get over yourself you arrogant tosser.

I am well aware of the history.

In no way did I state that it is a good, bad or indifferent situation, I just compared the relative population sizes.

It's positive that India's GDP is increasing, lifting millions of people out of poverty.

Indian's getting richer does not make me poorer. It's not a zero sum game.

sasguru
22nd December 2016, 10:52
Get over yourself you arrogant tosser.

I am well aware of the history.

In no way did I state that it is a good, bad or indifferent situation, I just compared the relative population sizes.

It's positive that India's GDP is increasing, lifting millions of people out of poverty.

Indian's getting richer does not make me poorer. It's not a zero sum game.

So your statement that, and I quote,

"It is amazing really that a country with a population of 1.25B has only just drawn level with a country with a population of 65M."

is completely bollox then, isn't it?

It's not amazing at all since one of the countries you compare exploited the other for much of their mutual history.:rolleyes::rolleyes:

FFS I wonder how you intellectual 2nd raters even manage to make a living sometimes, your logic is so poor.

shaunbhoy
22nd December 2016, 11:03
FFS I wonder how you intellectual 2nd raters even manage to make a living sometimes, your logic is so poor.

Says someone that married money, without which he would struggle to get work selling the Big Issue. :laugh

northernladyuk
22nd December 2016, 11:06
Get over yourself you arrogant tosser.

I am well aware of the history.

In no way did I state that it is a good, bad or indifferent situation, I just compared the relative population sizes.

It's positive that India's GDP is increasing, lifting millions of people out of poverty.

Indian's getting richer does not make me poorer. It's not a zero sum game.

The best way to stop feeding Sas's insufferable arrogance is to remove your regrettable cretinism from CUK.

Flashman
22nd December 2016, 11:36
So your statement that, and I quote,

"It is amazing really that a country with a population of 1.25B has only just drawn level with a country with a population of 65M."

is completely bollox then, isn't it?

It's not amazing at all since one of the countries you compare exploited the other for much of their mutual history.:rolleyes::rolleyes:

FFS I wonder how you intellectual 2nd raters even manage to make a living sometimes, your logic is so poor.

India was held back by their Governments taste for socialism for decades following independence .

Only in the 1980s when they liberalised their economy did things shift up a gear or two.

RSoles
22nd December 2016, 12:46
Excellent news!
Now, can we look forward to them sending us some aid?

RSoles
22nd December 2016, 12:47
Does the GDP include "Microsoft Windows Support"?

OwlHoot
22nd December 2016, 12:51
Grinding poverty and corruption Trade deals will mean that aid money flows into India for many years to come.

FTFY

(Nobody in the Government gives a rats ass about grinding poverty and corruption in India. Why should they? Indians don't have a vote in UK elections.)

TestMangler
22nd December 2016, 13:30
Indeed, lets hope they fix the corruption, poverty & injustice over here.

Well done India.

FTFY

d000hg
22nd December 2016, 14:03
Does this mean that the UK will stop sending aid money to India and that India will start sending aid money to the UK after Brexit :laughIt's hard to see that we can give them an amount that realistically makes much difference. Like a mouse trying to help an elephant up the stairs.

AtW
22nd December 2016, 15:34
Well done Bob.

Well done Farage and everybody who voted for Brexit.

sal
22nd December 2016, 15:46
Indeed, lets hope they fix the corruption, poverty & injustice over there.

Well done India.

Because we couldn't do it here

vetran
22nd December 2016, 15:59
Because we couldn't do it here

according to studies we have already.

Transparency International - The Global Anti-Corruption Coalition (http://www.transparency.org/cpi2015)

Its endemic over there, here we rarely see it.

Forbes Welcome (http://www.forbes.com/sites/ronakdesai/2016/02/11/india-remains-one-of-the-most-corrupt-countries-in-the-world/#2bd019a725d8)

Poverty in the UK is nowhere near as widespread and despite the best efforts of the jobcentre very few people starve to death over here or lack access to clean water or medical care.

vetran
22nd December 2016, 16:01
Does this mean that the UK will stop sending aid money to India and that India will start sending aid money to the UK after Brexit :laugh

most of the Rotary clubs round here have a heavy Sikh presence, my Sikh neighbour actually runs a charity helping people in the UK.

If we ever really need it I expect they will.

vetran
22nd December 2016, 16:11
Luckily soon we will be reducing our exposure to corruption

Corrupt European countries costing EU nearly £800bn a year, says study | The Independent (http://www.independent.co.uk/news/world/europe/corrupt-european-countries-costing-eu-nearly-800bn-a-year-says-study-a6944436.html)



Britain is the sixth least corrupt country in Europe, behind Luxembourg, the Netherlands, Sweden, Finland and Denmark, it says. Eastern European countries are all above the EU average when it comes to levels of corruption and are ranked in the bottom half of a table of 28 member states.


:happy

northernladyuk
22nd December 2016, 16:14
Luckily soon we will be reducing our exposure to corruption

Corrupt European countries costing EU nearly £800bn a year, says study | The Independent (http://www.independent.co.uk/news/world/europe/corrupt-european-countries-costing-eu-nearly-800bn-a-year-says-study-a6944436.html)





:happy

They should put Michael Gove in charge and then all EU countries would be above the EU average.

d000hg
22nd December 2016, 16:58
Well done Farage and everybody who voted for Brexit.

You do realise that prosperous trading partners is likely to be good for us? Like how China is now a huge importer of fine wine, whisky, etc.

AtW
22nd December 2016, 17:27
You do realise that prosperous trading partners is likely to be good for us? Like how China is now a huge importer of fine wine, whisky, etc.

India got very high levels of protectionism, the wealth is also very much uneven, those who wanted to buy Range Rovers have already done so, more or less.

EU market is far more attractive as there are far more individuals to sell to.

DimPrawn
22nd December 2016, 17:52
It is amazing really that a country with a population of 1.25B has only just drawn level with a country with a population of 65M.

Just show's you how unequal the world is. The average Indian has 1/20th the wealth of the average UK citizen.

It will be a long, long time before that gap is closed.

How much are their houses worth? Can I buy a bedsit in Mumbai for under £3m?

shaunbhoy
22nd December 2016, 18:21
How much are their houses worth? Can I buy a bedsit in Mumbai for under £3m?

To give you an idea, when I hired a 4-bed unfurnished apartment in Calcutta in 1995 it cost £1400 per month!

yetanotherbob
22nd December 2016, 18:45
Well they have had 60 years since they were part of the Empire to fix the corruption, not quite done it yet.
After 200 years of colonisation where the GDP dropped from 25% of the world economy to less than 3%, maybe 60-70 years doesn't look too bad

vetran
22nd December 2016, 18:48
After 200 years of colonisation where the GDP dropped from 25% of the world economy to less than 3%, maybe 60-70 years doesn't look to bad

true

SueEllen
22nd December 2016, 20:06
How much are their houses worth? Can I buy a bedsit in Mumbai for under £3m?

Are you an Indian passport holder?

Then nope to can you buy property there.

yetanotherbob
22nd December 2016, 22:42
Are you an Indian passport holder?
Doesn't matter what passport he holds, as long as he is resident in India he can..
Shame he can't vote though - commonwealth citizens resident in the UK can vote but unfortunately India doesn't have a reciprocal arrangement