Finally we have started to beat the Chinese in growth rate. This need to be repeated for the next many years to come.
Finally, India beats China in growth sweepstakesIt’s official! India’s growth in 2010 was a notch higher than that of China. According to data from the IMF, India’s GDP grew 10.4 per cent in 2010 versus China’s 10.3 per cent. And if projections by official agencies are anything to go by, China is looking at a 7 per cent growth in the Twelfth Plan period (2011-15) compared with India’s 9 per cent. This is the first time that India’s growth has overtaken that of China, since the latter initiated reforms in the 1980s, a decade ahead of India.
The other fast-growing major developing economies in 2010 included Brazil (7.5 per cent), Mexico (5.5 per cent) and Russia (4 per cent). Among developed countries the fastest growing major economies in 2010 were Japan (3.9 per cent), Germany (3.5 per cent), Canada (3.1 per cent) and United States (2.8 per cent). Growth was much slower in countries like France (1.5 per cent) and Italy (1.3 per cent).
Another important study and it's importance.
India 5th most powerful nation, says govt indexNEW DELHI: India is the fifth most powerful country in the world, says the latest national security index (NSI) designed by the country's foremost security and economic experts. A part of India's National Security Annual Review 2010, which will be officially released by foreign minister SM Krishna on April 19, the NSI 2010 placed India fifth in the hierarchy of top 50 nations identified on the basis of their GDP.
According to Foundation for National Security Research director Satish Kumar, who edited the national security review, the NSI is based on an assessment of defence capability, economic strength, effective population, technological capability and energy security of the top 50 countries. The US is at the top of the list on the basis of these criteria followed by China, Japan and Russia.
South Korea emerged as the sixth most powerful nation followed by Norway, Germany, France and UK.
While India ranked third in the case of population and fourth in terms of defence capabilities, it was at the 34th position in technology and 33rd in energy security. Only US, China and Russia are ranked higher than India in defence capability. In economic strength, India ranked seventh.
But some people cannot digest this facts.
Here you go. Some fun.
Is India really the world’s fifth most powerful country?India has failed to cultivate a wholly reciprocal relationship with the United States,
despite warm rhetoric in recent years between New Delhi and Washington and a number of big-ticket diplomatic and industrial agreements.
Furthermore, India still appears more concerned and engaged with, and distracted by, its long-standing rival Pakistan than wider geopolitical issues.
{oh no, we were more concerned about the world cup, then Anna Hazare's people's fight against corruption and now the IPL, hmm do you meant Gaddafi's oil?
}
Recent troubles such as falling FDI inflows, rampant corruption and high inflation must be curbed, and the millions of young people reaching working age each year need to be provided jobs if the demographic dividend is not to become a demographic disaster.
{see the youngsters in India are creating issues by being into constructive work. They must learn to throw soosai bums like Pakis and be creative.}
India still receives billions of dollars of aid from countries deemed less powerful by New Delhi than itself, and praise from David Cameron and Nicolas Sarkozy, the premiers of Britain and France during high-profile visits last year, was met with an outpouring of thanks from Indian policymakers.
India is certainly a emerging power with huge potential, but could New Delhi’s economic and political analysts be patting themselves on the back a little prematurely?
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