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BRICS, E7 Economies, and IBSA

Discussion in 'World Economy' started by santosh, Mar 26, 2014.

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  1. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    They don't use US currency in almost all the 148 countries that listed ppp, what are you going to use for the International PPP,, rupeees
     
  2. santosh

    santosh Major SENIOR MEMBER

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    hmmm, literacy rate of India was around 12% in 1947, at the time of freedom, while our current old aged people belongs to 60s-70s when we hardly at around 20%+ literacy rate. and yes, women among them hardly had around 10%+ literacy rate during the 60-s and 70s... so your figure does state the ground reality :tup:

    hence here as below, which state literacy rate of India at the time of Independence in 1947 to upto 2011, we find Youth Literacy rate of India must have been crossed 90%+ by 2015, as we had almost 95%+ attendance of kids in schools since 1997. the Youth, whose age range fall in between 16 to 24 year :cheers:
     
    Last edited: Apr 17, 2015
  3. santosh

    santosh Major SENIOR MEMBER

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    The Industrialized India

    ; India has now entered among the Newly Industrialized nations as below:

    Newly industrialized country - Wikipedia, the free encyclopedia

    India had overall 5.81% growth rate since 1951.....
    We now have Industrialists as below too, who are building the nation. as we do know that our these honored Super Riches/ Billionaires don't have money in pocket, but they are Industrialists/ billionaires in terms of the industries they have to provide employment, generating taxes for the government which government use to help the common public itself, along with improving production line hence reducing cost of products, with introducing new technologies too through their industries, hence building the nation this way.... :india:

    The report as below, mention around 115 Billionaires in India, as compare to hardly around 60 by Forbes. its because Forbes estimate only Share values, while the report as below includes, "shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets, according to Wealth-X...".
    World's Billionaire Club Grows; Ultra Millionaires Lose Money - WORLD PROPERTY JOURNAL Global News Center

    and here is the main report, as below.....
    Wealth-X World Ultra Wealth Report 2011-2012 | Wealth-X


    Further to the above talks, BRIC economies as whole have their UHNWI estimate, with India's at around 8,200, is given in the article as below: :thumb:


    => BRIC Country Super-Rich Worth $4 Trillion

    The future of wealth will be built with BRICs.

    According to new data from Wealth-X, the wealth research and consulting firm, Brazil, Russia, India and China now have a combined 25,600 people with $30 million or more in net worth (which includes shares in publicly traded and closely held companies, residential and investment real estate, art, planes, cash and other investible assets).

    That is about half the number of ultra-high-net individuals in the U.S., according to Wealth-X.

    The BRIC ultrarich have a combined net worth of $4.125 trillion, compared to $6.4 trillion for the U.S.

    [​IMG]

    What is most interesting about the BRIC data is the concentration of wealth at the very top of the wealth pyramid. In Russia, the nation’s 80 billionaires account for 7% of the total population of people with a net worth of $30 million or more, but they own 84% of that group’s $640 billion in wealth.

    In Brazil, the nation’s 50 billionaires account for less than 1% of the ultrarich population but a third of the group’s $890 billion in wealth. India’s 115 billionaires represent 1.4% of the total ultrarich population and 20% of the group’s wealth of $945 billion.

    China’s billionaires account for 1% of the ultrarich and about a third of their wealth of $1.65 trillion.

    The U.S., of course, isn’t exactly a model of equity when it comes to billionaires and the ultra-rich. Its 450 billionaires account for less than one percent of the ultra-rich population but control 25% of the group’s $6.4 trillion wealth.

    But the fastest global growth in billionaires and their lesser ultra-rich aspirants will likely be from the BRICS rather than the U.S. or Europe.

    “In Russia, as in other emerging markets….billionaires and near-billionaires, followed in aggregate by the mass of ultra-high-net-worth will dominate wealth,” according to Wealth-X.

    Which country would you want to live in if you had a net worth of $30 million or more?

    BRIC Country Super-Rich Worth $4 Trillion - The Wealth Report - WSJ
     
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  4. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Not impressed just The net worth of U.S. households and nonprofit organizations rose 14% last year, or almost $10 trillion, to $80.7 trillion, the highest on record, according to a Federal Reserve report released Thursday. Even adjusted for inflation using the Fed's preferred gauge of prices, U.S. household net worth—the value of homes, stocks and other assets minus debts and other liabilities—hit a fresh record.

    U.S. Household Net Worth Hits Record High - WSJ
     
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  5. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    One of the things I love about the USA is there is a half dozen ways I could go out and start a business earning 40 or 50.000 a year. Heres one, a market niche,, come to the USA and start a business installing carpet in RVs, I know a young lady that started a gymnastics studio last fall and is clearing over 25,000 a month. Opportunity USA, Where I live now (own my own home) I could easily live on 1000 to 1500 a month. Much less if I went on beans and rice. Average 75 for all electric and 65 for water and sewage. If I wanted to rent it I could get a 1000 a month in the winter. Its nothing fancy.
     
  6. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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  7. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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  8. Zeus_@21

    Zeus_@21 Major SENIOR MEMBER

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    Why are you guys fighting like a kid?? :blink:
     
  9. santosh

    santosh Major SENIOR MEMBER

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    => BRIC Country Super-Rich Worth $4 Trillion - The Wealth Report - WSJ

    => Wealth-X World Ultra Wealth Report 2011-2012 | Wealth-X

    hmmm, while i do feel impressed when you compare US's and Indian businessmen, even in this language :cheers:

    around half of the billionaire list are American itself, what this means? but Indians do have some ranking here, and thats the discussion :tup:

    dont downgrade India if you find it having 120billionaires+ only as in the last post, showing strength of Indian market/buying power of its Middle class this way. but just have a look on the neighborhood India, example Pakistan+Bangladesh, not even one gentleman has a place there....:wave:
    (Bangladesh+Pakistan with over 180million+ population is well compared to Brazil, but its only the "consumer/buying power", why businesses dont grow there.)

    similarly half of the top 2000 largest firms are American, but even if you find 60+ Indian firms there, it does bring a credit considering nil from Indian neighborhood.... only 2 of Pakistani firm as below got a place :tup:

    The World’s Biggest Public Companies - Forbes

    .
     
    Last edited: Apr 17, 2015
  10. santosh

    santosh Major SENIOR MEMBER

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    its also because of exchange rate issue, 1.0US$ = 60+ Indian Rupees/Russian Ruble

    but we generally talk, land/property prices of Mumbai-Delhi is more expansive to US/Australia, even in exchange rate term :coffee:

    => look, American firms pay tax to US's government on the profit they make in India/Asia too, :rofl:

    also, US's firms have a type of rule in world, traditionally, but they loosing their grip with rise of BRIC, its equally true.....

    US's billionaires/turn over of their firms, doesn't show buying power of their consumers 'only', but its more about their business in whole world..... if we see Indian-Brazilian firms showing buying power of their home consumers, then its certainly not true in case of US's or Chinese firms too, who now have buyers in whole world :coffee:
     
    Last edited: Apr 17, 2015
  11. santosh

    santosh Major SENIOR MEMBER

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    Over-Population Notes

    World is changing and few points everyone knows on the world platform in today's world, no need to read articles, as below:

    1st; High Population means high consumption of resources, and hence its higher prices for the people of whole world.

    2nd; high energy consumption and hence higher green house gas emission, hence increasing Climate Change threats this way

    3rd; High Subsidy to feed poor below poverty line, especially in case of India. which is possible only until its Middle Class may afford it. and we must avid that breaking point :tup:

    4th; and, we also encourage a "Population Tax" on every second kid taking birth in a family, which may be denoted to World Bank/ Climate Change Organizations to reduce its effects. i mean, if you can't reduce population then at least pay something to reduce its effects on the world's Climate Change. and yes, this "Population Tax" on the 'non-first' child would be same for the people of whole world. :coffee:

    .
    Few Key Points I always mention on this Topic as below:

    these are my own ideas so it does require criticism by other members to make the topic interesting :thumb:

    1st; if the poor of India ask the Western nations to share the burden of subsidies then they will simply kick these shiits of India, isn't it? and if its only Indian Middle Class who is generating money and running government and also paying heavy price for the welfare/subsidies for poor, then they do have a right to ask the Indian Government, "to what extent they will have to bear this burden of tax just to feed poor, and whether they will remain capable enough in future also to bear this burden on long run if the government doesn't control the population?????" :facepalm:

    like the news as below, around 50% indian population is based in agriculture only, around 600mil, while even 200mil population may produce the same agriculture output? and the same in cities of India, around 50% people just try to earn a decent salary which they can't, simply because too many mouths and limited resources. and Indian Middle Class is just paying high price to feed these around 600mil 'excess' population, but still there is no effort to have a control on this growing population????

    2nd; here for example of Pakistan and Bangladesh, right now overly populated Pakistan is full of target killings, simply because too many mouth and no resources to feed them. its also similar to 'genocide' itself?????? and Bangladeshis just want to run from Bangladesh, mainly to India. its the worse to see people dying without dignity than controlling population by force........

    3rd; many economists of India advocate "food security"/ "free medicines"/ "right to get a job" etc in India which is not possible until the Indian government may control its population. they simply can't feed 1.25bil population from the limited natural resources they have . USA is 3 times bigger in area than India but population of India is 4 times to USA? and on the top of that, Indian government wants to give welfare/ heavy subsidies to its people? if India face a sudden fall like ASEAN in late 90s and South America like in 80s, all these they will have to withdraw after that so better they keep habit to live in less and get rid off the unnecessary subsidies/welfares . for example, we always find Pakistan increasing petrol and diesel prices as per market prices as they can't afford to give subsidies while the people of Pakistan are poorer than India, but Indian government always hesitate to do so? but the day India will reach level of Pakistan, just one good economic fall is required, and India will learn all by themselves. :wave:

    4th; here we have report from world bank that around 60% people of India are living with income less than $2.0 per day, as below

    here, how is it wise to have high population if you can't give them good life? how is it advisable to have more population this way???

    => [//data.worldbank.org/indicator/SI.POV.2DAY?order=wbapi_data_value_2011+wbapi_data_value+wbapi_data_value-last&sort=asc]Poverty headcount ratio at $2 a day (PPP) (% of population) | Data | Table]

    5th; Population of India was hardly around 341 million at the time of freedom, in 1947, and we can't have more than 700 million people, and we need a national consensus on it. :india:

    and as Overpopulation of India is directly related to consumption of natural resources of the world. as, higher International price of natural resources, due to high demands from the high population countries, is applicable on whole world. high pollution and hence Climate Change due to high consumption of energy. reduced water level has also been caused in India due to the same high population and hence high demand reasons, hence India is directly answerable to the rest of the world about the measures it is adopting to reduce its population to 700 million, say by 2050
    :truestory:

    we can't let India become one of the reason for the destruction of this world, as the Earth belongs to every person of the world, regardless any nationality :nono:

    6th; and here, first there is no control on the population, as much as India can have, and on the top of that, they want to feed them for nothing too :rofl:

    => [//articles.economictimes.indiatimes.com/2013-07-09/news/40469205_1_food-security-bill-foodgrain-subsidies]At Rs 1,25,000 cr, Food Security Bill largest in world: Implementation a challenge, says Morgan Stanley - Economic Times]
     
  12. santosh

    santosh Major SENIOR MEMBER

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    Rs 51.46 lakh cr to be allocated for infrastructure during 12th Plan
    September 12, 2012

    The Planning Commission is aiming at a total outlay of Rs 51.46 lakh crore in the infrastructure sector during the 12th Plan (2012-17), short of the earlier projection of $1 trillion (about Rs 55 lakh crore).

    "The total investment during the 12th Plan is projected at Rs 51.46 lakh crore compared to Rs 27.74 lakh crore realised during the 11th Plan", a source privy to the development said.

    While the public investment in the infrastructure sector is expected to decrease to 53.32 per cent in the 12th Plan from about 62.47 per cent in the previous Plan, the share of private sector is projected to increase to 46.68 per cent from 37.53 per cent.

    Sources further said that infrastructure sector investment as percentage of the Gross Domestic Product (GDP) is expected to rise steadily to 10.40 per cent in the terminal year (2016-17) of the 12th Plan. :thumb:

    The average investment in infrastructure sector for the 12th Plan as a whole is likely to be about 9.14 per cent of the GDP :thumb:, as compared to 7.22 per cent during the previous Plan. As per the details, the highest investment is envisaged in power sector at about Rs 15 lakh crore, roads follow at Rs 9.2 lakh crore, telecommunication at Rs 8.84 lakh crore and railways at Rs 4.56 lakh crore.

    These proposals will be placed before the meeting of the Full Planning Commission to be chaired by Prime Minister Manmohan Singh on Saturday.

    Although the Prime Minister in March 2010 had pegged the investment target for infrastructure sector during the 12th Plan at $1 trillion, the figures in dollar terms have to be revised in view of falling value of rupee. :thumb:

     
  13. santosh

    santosh Major SENIOR MEMBER

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    India needs to raise infrastructure spending to 10% of GDP

    India needs to raise infrastructure spending to 10 per cent of GDP to achieve and sustain economic growth target of 9 per cent in the coming years.

    "In order to sustain growth targets, this (investment in infrastructure) would need to increase further to over 10 per cent of GDP by 2017," IDFC Projects Ltd Managing Director Pradeep Singh said in a presentation at the annual meeting of Asian Development Bank here. :coffee:

    India's infrastructure spending is 8 per cent of the Gross Domestic product, as against China's 9 per cent, he said. The country's GDP was $1.4 trillion at the end of March 2011.

    Acknowledging that India has a long way to go in terms of meeting its infrastructure requirements, Singh said the 12th Five Year Plan (2012-17) envisages $1 trillion investment in the sector.

    Of the total targeted investment, private sector is expected to invest $500 billion - with around $350 billion through debt and $150 billion of equity over next five years.

    Domestic funding sources, Singh said, will not be sufficient to meet these needs.

    However, during the 11th Plan period ended in March, investment in infrastructure sector fell short of its target of $500 billion. :facepalm:

    Total investments during the past five years was about $425 billion, Singh said.


    Despite the aggressive growth in last five years, India's basic infrastructure ranked 86th in Global Competitive Report-2010 by World Economic Forum, he pointed.

    Projecting India as investment destination, State Bank of India Chairaman Pratip Chaudhuri said, in a separate presentation, that Qualified Foreign Investors were allowed to directly invest in Indian equity market in January.

    Besides, he said, the overall FII investment limit in government securities and corporate bonds has been enhanced to $60 billion.

    Chaudhuri also said India has a well regulated banking system, with 98 per cent of the banks fully computerised.

    India needs to raise infrastructure spending to 10% of GDP: IDFC Projects - timesofindia-economictimes
     
  14. santosh

    santosh Major SENIOR MEMBER

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    We want "direct seize" of assets of all those 'Infiltrators', who entered in India under False Identity

    Indian Tex Payers can make 1,000 Billionaires in every 5 years times. the money Indian government spend to develop infrastructure, which help any business grow here in India

    further to discuss the above topic in a bit more clear way. "no business can be run if the key infrastructures like electricity, water supplies, world class roads, ports., airports etc. and other government supports are missing, which government provides by using tax money of Indian Tax payers. the money of over 400million+ strong middle class."

    its all about living on the soil of India, whose property prices exceeds more than 90% OECD nations, and it comes by the hefty investments in this country first, as funded by their tax payers..... :india:

    the very first measure of infrastructure is, in fact, water supplies/Dams, and here we first have this infrastructure mainly since the time of Mr Nehru of 50s-60s.... the story of building infrastructure in India well goes back to before 1950 itself...

    this country is, in fact, made in centuries, to build a culture of 'discipline'/character first, the high concentration on studies, hence building a 'responsible' society as whole

    we want a complete take over of assets of those foreign infiltrators, who entered India under false identity, hence well recognized as an 'infiltrator' by any part of world :india:


     
  15. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Even as school infrastructure and facilities improved, learning outcomes remained poor. Fifth-grade students in government-run schools in nine Indian states cannot read second-grade textbooks, said the Annual Status of Education Report in January.
     
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