THIS IS A TRANSCRIPT OF A TALK GIVEN AT A CONFERENCE ON CENTRAL ASIA AT JAMIA MILLIA SPONSORED BY THE MEA.
Is India going to be the new China? If I had to terminate this discussion I would say no because the gap is huge and open now. It might be very difficult because the kind of political consensus in the last few years that we have and the way we conduct our internal affairs and manage our economy. China is the world’s largest GDP now in terms of PPP terms. It is almost 19 trillion dollars which is astounding. If you project this to 2050 you would be looking at over 60 trillion and an Indian GDP would be 45 trillion.
We are entering a period of exponential growth. It is another thing that wealth does not get distributed in China and India. It is concentrated in a few hands. China has slowed down and I will discuss it later. It has posted per Capita GDP of almost below 8000. This is India here. 8 trillion dollars in PPP terms. That is where a little controversy when PM Modi suddenly started quoting PPP figures. It always sounds much bigger then the normal GDP which is. In GDP terms we are now third in terms of PPP just below USA. China is first. This is how we strike up in the world. China is almost three times our size and United States and this how the world is going to transit.
This is what excites people, excites people who are looking for investment opportunities in India, excites people like me who are not going to be around 2050 to see if we have made the tryst to destiny. What is being projected is our GDP of 3.7 billion of 2009 will move on to 43 trillion in 2050. US becomes smaller than India. The complete ranking in the world will change. If you look at United Kingdom it will be no. 10, Italy will be no. 15, Saudi Arabia 19, Russia is no. 6. The top two countries will be Asian countries. This is the projected growth on the other side. Vietnam will be no. 1, India will be no. 2, Nigeria will be no. 3. It is all unbelievable.
When I was doing my dissertation in 1984 I had proposed to my supervisor that I would do my work on future projection on economies. Lotus had just introduced spreadsheets and you could put in numbers and have different growth rates and come out with astounding figures. One day I was playing around in the computation lab in the Kennedy School of government at Harvard and I was putting in the figures in the computer. I was getting astounding results for 25 years, 30 years, 50 years. Some of it looked like real at that time. So when I proposed it to my supervisor who was a famous economist, he asked me not to do this and do something practical. You think India and China will actually reach the top , dominating the world and making the big noise? Forget it.... it is not going to happen or going to happen in my lifetime. So I did my dissertation on the Presidential decision making which is a totally different subject. I wish I had done it then. I would have been a famous man....
Tras intensas negociaciones, los coordinadores parlamentarios del PRI, PAN y PRD lograron un acuerdo para aprobar la iniciativa de ley anticorrupción en la Cámara de Diputados. Aún faltan dos aprobaciones clave: en el Senado y de los gobernadores, que serían sometidos a mayor escrutinio bajo la nueva ley. El acuerdo incluye la ratificación del titular de la Función Pública, la fiscalización de recursos estatales y la imprescriptibilidad de delitos de corrup
Amira foods india ltd director karan chananaamira foodsinc
Karan Chanana heads Amira Foods in India, the largest rice exporter in the country. He points to Agriculture Minister Pawar's awareness of the sugar sector, which allowed him to decide that now is the best time for India to export sugar given tight global availability and high prices. Chanana argues that this type of aware, dynamic decision making is needed for other commodities. Under Chanana's leadership, Amira Foods has transformed from a family-run business into a professionally managed company with a turnover of $240 million last year.
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Info sull'evento ZED del 17 Settembre qui ibm.co/18ONfMt
Per ascoltare le Pillole andate a questo link http://bit.ly/16JlZNh
--------------
Le opinioni, le idee e i contenuti di questi file sono miei e non implicano nessuna posizione analoga e/o impegno né formale né informale da parte dell'IBM.
--------------
Info sull'evento ZED del 17 Settembre qui ibm.co/18ONfMt
Per ascoltare le Pillole andate a questo link http://bit.ly/16JlZNh
--------------
Le opinioni, le idee e i contenuti di questi file sono miei e non implicano nessuna posizione analoga e/o impegno né formale né informale da parte dell'IBM.
THIS IS A TRANSCRIPT OF A TALK GIVEN AT A CONFERENCE ON CENTRAL ASIA AT JAMIA MILLIA SPONSORED BY THE MEA.
Is India going to be the new China? If I had to terminate this discussion I would say no because the gap is huge and open now. It might be very difficult because the kind of political consensus in the last few years that we have and the way we conduct our internal affairs and manage our economy. China is the world’s largest GDP now in terms of PPP terms. It is almost 19 trillion dollars which is astounding. If you project this to 2050 you would be looking at over 60 trillion and an Indian GDP would be 45 trillion.
We are entering a period of exponential growth. It is another thing that wealth does not get distributed in China and India. It is concentrated in a few hands. China has slowed down and I will discuss it later. It has posted per Capita GDP of almost below 8000. This is India here. 8 trillion dollars in PPP terms. That is where a little controversy when PM Modi suddenly started quoting PPP figures. It always sounds much bigger then the normal GDP which is. In GDP terms we are now third in terms of PPP just below USA. China is first. This is how we strike up in the world. China is almost three times our size and United States and this how the world is going to transit.
This is what excites people, excites people who are looking for investment opportunities in India, excites people like me who are not going to be around 2050 to see if we have made the tryst to destiny. What is being projected is our GDP of 3.7 billion of 2009 will move on to 43 trillion in 2050. US becomes smaller than India. The complete ranking in the world will change. If you look at United Kingdom it will be no. 10, Italy will be no. 15, Saudi Arabia 19, Russia is no. 6. The top two countries will be Asian countries. This is the projected growth on the other side. Vietnam will be no. 1, India will be no. 2, Nigeria will be no. 3. It is all unbelievable.
When I was doing my dissertation in 1984 I had proposed to my supervisor that I would do my work on future projection on economies. Lotus had just introduced spreadsheets and you could put in numbers and have different growth rates and come out with astounding figures. One day I was playing around in the computation lab in the Kennedy School of government at Harvard and I was putting in the figures in the computer. I was getting astounding results for 25 years, 30 years, 50 years. Some of it looked like real at that time. So when I proposed it to my supervisor who was a famous economist, he asked me not to do this and do something practical. You think India and China will actually reach the top , dominating the world and making the big noise? Forget it.... it is not going to happen or going to happen in my lifetime. So I did my dissertation on the Presidential decision making which is a totally different subject. I wish I had done it then. I would have been a famous man....
Tras intensas negociaciones, los coordinadores parlamentarios del PRI, PAN y PRD lograron un acuerdo para aprobar la iniciativa de ley anticorrupción en la Cámara de Diputados. Aún faltan dos aprobaciones clave: en el Senado y de los gobernadores, que serían sometidos a mayor escrutinio bajo la nueva ley. El acuerdo incluye la ratificación del titular de la Función Pública, la fiscalización de recursos estatales y la imprescriptibilidad de delitos de corrup
Amira foods india ltd director karan chananaamira foodsinc
Karan Chanana heads Amira Foods in India, the largest rice exporter in the country. He points to Agriculture Minister Pawar's awareness of the sugar sector, which allowed him to decide that now is the best time for India to export sugar given tight global availability and high prices. Chanana argues that this type of aware, dynamic decision making is needed for other commodities. Under Chanana's leadership, Amira Foods has transformed from a family-run business into a professionally managed company with a turnover of $240 million last year.
--------------
Info sull'evento ZED del 17 Settembre qui ibm.co/18ONfMt
Per ascoltare le Pillole andate a questo link http://bit.ly/16JlZNh
--------------
Le opinioni, le idee e i contenuti di questi file sono miei e non implicano nessuna posizione analoga e/o impegno né formale né informale da parte dell'IBM.
--------------
Info sull'evento ZED del 17 Settembre qui ibm.co/18ONfMt
Per ascoltare le Pillole andate a questo link http://bit.ly/16JlZNh
--------------
Le opinioni, le idee e i contenuti di questi file sono miei e non implicano nessuna posizione analoga e/o impegno né formale né informale da parte dell'IBM.
Rimedi per combattere il caldo estivo? Oggi come ieri sono sempre gli stessi.
Remedies to fight the hot summer? Today as yesterday are always the same.
Rimedi per combattere il caldo estivo? Oggi come ieri sono sempre gli stessi.
Remedies to fight the hot summer? Today as yesterday are always the same.