sunchaud
sunchaud t1_j0f7bk8 wrote
Reply to comment by market_theory in in 2023 India will become the most populous country in the world, surpassing China, which holds the #1 since 1750s. source: The Economist by Junoby
And by most metrics, it has been booming for the past 20 years: > GDP: 8x, to 3.2 trillion dollars in 2021
> HDI: up 0.18, to .633
> GDP per Capita: up 5.5 times to 2.3k
> Poverty Rate: down 40 p.p, from 55% to 16%. that's 400MM people out of poverty (!!)
Obviously it does not hold a candle to western Europe levels of development, but it has taken big strides and to argue otherwise is ignorant.
That not withstanding, as anyone with basic understanding of socioeconomic development would know, progress is exponencial and it's faster when the populations stops expanding massively. As India approach replacement levels in fertility, the focus stops being expansion of services and starts being on quality, thus India readies itself for the "true boom".
You can hate India all you want, but it has been doing its homework over the century, despite all the geopolitical noise.
At last, India has been independent for 75 years and talks of "the boom of the economy" have been common place only after 1990. So no, not 50 years
sunchaud t1_iwt4m01 wrote
Reply to comment by ElderberryJumpy9901 in [OC] India's share in World population (4000 BCE to 2022 CE) by ElderberryJumpy9901
May I ask why 1820? The Partition separating the British Raj was in 1947
sunchaud t1_j0k0vwj wrote
Reply to comment by market_theory in in 2023 India will become the most populous country in the world, surpassing China, which holds the #1 since 1750s. source: The Economist by Junoby
> Predictions will outrstrip China
There has been no such predictions in the last 15 years. The most bullish predictions have India catching up to Japan in the next 10-15 years ( in terms of gross GDP). In most social aspects, India is close to where China was in 2007-2008, so we are 15 years behind.
It is true that China has shown signs of economic weakness due to their 0 COVID policy, but most economic agents still have them growing at 4-5% per year and surpassing them in the short-mid term is a pipe dream
The hope is to close the gap and to compete with them more fiercely.
> Low base
Preposterous statement. India and all non European/NAFTA/Australia and NZ started from the almost same low base. It is the 4th country that most grew in this time period
Take LATAM as an example, no country was able to maintain India's rate of growth this consistently except for China. To deny the active role of the governments and the people is not based on reality
Besides, if a 900% growth in GDP is not a boom for you, I don't know what would be
> I don't hate India
I might have let the tone of other comments in this thread make me biased. If so, my apologies