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Largest Emerging Economies, E7+SA, growth prospects and challenges

Discussion in 'World Economy' started by sunny_10, Jul 8, 2012.

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  1. sunny_10

    sunny_10 BANNED BANNED

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    hmmm, i don't think the above report, (post#104), Manufacturing Competitiveness is based on cheap labor supply only :disagree:

    for example, Germany and US are ranked on the 2nd and 3rd in this list??? while if you check the table 2 of this report then we find Indonesia, Vietnam on the 17th and 18th place, while there is no place for Philippines, and these three South Asian Nations are also on the high industrialization path, and these 3 countries have 'Average' Per Capita Income, very close to India as below?

    https://www.cia.gov/library/publica...dia&countrycode=in&regionCode=sas&rank=166#in


    in fact, Philippines is formly placed among the Newly Industrialized Nations as below......

    https://en.wikipedia.org/wiki/Newly_industrialized_country#Current_NICs


    too many factors lead to this ranking, which includes Infrastructure, competency and availability of High Qualified to mechanic level skills, ease to do business, competitive business environment, government support for the business etc. and here its good to see that India is ranked far above the countries like Thailand, Malaysia, Brazil, Argentina, Philippines, Mexico, Turkey type the newly industrialized nations who are among the middle order countries, hence having less than 50% people among the Middle Class category, so cheap labor is available in these NICs also......

    SEZs, (special economic zones), of India, along with very high competent high to low skilled workers, high level of business competency due to the business environment itself etc. led to Indian high rank in this list :india:

     
    Last edited: Jun 25, 2013
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  2. sangos

    sangos Lt. Colonel ELITE MEMBER

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    [MENTION=8797]sunny_10[/MENTION] - Thanks or your informative posts (nice avatar Btw Putin's da man). What do you think of Amartya Sen's recent piece? Personally while I support his welfare measures of free basic amenities, his overemphasis on education seems lopsided. Here is the article

    Amartya Sen: Why India Trails China - China Digital Times (CDT)

    Of course as usual China does its welfare 'Great Wall style' aka on a planetary scale. US social security handouts look like cheap candies in comparison.

    http://www.nytimes.com/2013/06/16/w...g-250-million-into-cities.html?pagewanted=all
     
    Last edited: Jun 25, 2013
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  3. sunny_10

    sunny_10 BANNED BANNED

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    he would retire now :wave:

    => India's youth literacy rate increases to 90% - World Affairs - Chinadaily Forum
     
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  4. sunny_10

    sunny_10 BANNED BANNED

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    Average GDP Growth Rate of Asian Industrialized Countries Since 1981 :tup:

    My this post is just to keep a record of the comparative 'Average' Growth rate of India with "Newly Asian Industrialized" countries, along with the Matured Industrialized Asian countries like Korea, Japan, Singapore as below.

    this effort is just to keep an eye on the Average Growth Rate of India since 1981 to 2013, as compare to other 'Asian' Industrialized Countries :tup:

    Select Country or Country Groups

    => Newly industrialized country - Wikipedia, the free encyclopedia


    Growth Rate Comparison since 1980 to 2013, for the 34 years

    1st, China: 9.89% since 1980

    2nd, India: 6.2% since 1981

    3rd, Philippines: 3.4% since 1980

    4th, Thailand: 5.4% since 1980

    5th, Indonesia: 5.2% since 1980

    6th, Malaysia: 5.8% since 1980

    7th, Singapore: 6.6% since 1980

    8th, Korea: 6.2% since 1980

    9th, Taiwan: 5.7% since 1980

    10th, Japan: 2.1% since 1980

    Select Country or Country Groups


    and this comparison clearly tells us, how population growth rate of around 2% since 1981, with 500mil extra people this way, has covered every success of India since 1947. while total number of Middle Class of India is itself more than total population at the time of freedom, 1947 :facepalm:


    => we also have a comparison of India and China's Per Capita Income on PPP since 1990 as below, telling us the difference between Indian Open Market strategy with Chinese one since 1990...... India could have only around 5.3% growth rate for the 12 years in between 1991 to 2001, because of failing to even 'copy' the Chinese Economic Reforms in 1991 :tsk:

    India GDP - real growth rate - Economy


    BRITAIN GDP PER CAPITA PPP at 1990, $15,650
    United Kingdom GDP per capita PPP

    RUSSIA GDP PER CAPITA PPP at 1990, $8013.00
    Russia GDP per capita PPP

    INDIA GDP PER CAPITA PPP at 1990, $873.76
    India GDP per capita PPP

    CHINA GDP PER CAPITA PPP AT 1990, $794.93
    China GDP per capita PPP



    => and the copying he did from this side, the main reason why now we find China far away :facepalm:

     
    Last edited: Jun 26, 2013
  5. sunny_10

    sunny_10 BANNED BANNED

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    Indian Rupees (INR) has to be depreciated to at least 1.0 INR = 1.5 Pakistani Rupees to 1.0 Yuan = 10.0 INR, to around 1.0 US$ = 65.0 INR

    Indian Government has to make Gold Import easier than before, until Indian Rupees remains 'Over Valued', until it is depreciated to 1.0 US$ = 65 INR. as we do expect Gold import to put more pressure on the INR to bring it to the level, where we may have enough resistance to imported products, which will bring down the Trade Deficit, CAD, with the same rate.......

    (and it will be the time when gold import too will become expansive to be imported this way.......)

    its clear that if Indian 35% import accounts for only Oil, and those manufactured products which may be produced in India itself. and as these items are very cheap to be imported, so it has to be made expansive enough to be less imported. and its possible only when government has to, as we dont produce more than 25% of oil consumption...

    we hope to see Indian Rupees to be at least at around its true value by end 2013, at around 1.0 INR = 1.5 Pakistani Rupees to 1.0 Yuan = 10.0 INR, hence to around 1.0 US$ = 65.0 INR :tup:


    in fact, we would reach an acceptable CAD/ Trade Deficit level at 1.0 US$ = 70.0+ IRN only :coffee:

    while I myself would support RBI's interference only when rupees value break 71.0/1.0 US$ level :tup:

     
  6. sunny_10

    sunny_10 BANNED BANNED

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    we may have a look on the list as below too. to have an idea about the Stock Market Capitalization of the major economies, as below :coffee:

    This entry gives the value of shares issued by publicly traded companies at a price determined in the national stock markets on the final day of the period indicated.

    => https://www.cia.gov/library//publications/the-world-factbook/rankorder/2200rank.html


    => in fact Indian Stock Market was at its high by 2008, at around US$1.7trillion+ i remember, :coffee:


    => and the same while considering "Total Market Capitalization to GDP ratio", we have as below: (as of 2012) :tup:

     
    Last edited: Jul 11, 2013
  7. sunny_10

    sunny_10 BANNED BANNED

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    also, we have data's to 2009 as below, listing the total manufacturing output by countries till 2009 :coffee:

    Manufacturing output statistics - countries compared - Nation Master


    one more news we have as below in this regard. this way considering 15.2% share of manufacturing in India's GDP at around $2.0 trillion by the financial year 2012-13, we find it to be around 0.152 * 2,000 = $300 billions, which would put India on the 5th or 6th spot by 2012, at least, as we do know that all the major European nations suffered fall in Industrial output since 2009 :tup:


     
  8. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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  9. sunny_10

    sunny_10 BANNED BANNED

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    Global crisis forces reverse migration by up to 30 pc: Experts

    MUMBAI: With concerns over the global economic situation and reports on growing unemployment, there is a rise in reverse brain drain by up to 30 per cent, according to experts.

    "The reverse drain has been seen across the industries and various geographies across the globe, including the US, Canada, Australia and Europe. The number of people wanting to come back to India has gone up by 25-30 per cent as compared to pre-economic crisis," International Management Institute (IMI) Professor Satish K Kalra told PTI.

    The main reason that Indians working overseas are planning to relocate is because India Inc have started paying better and working in the country continues to offer global exposure and they feel their skills have higher value on return and better career prospects, he said.

    The country's sustained growth even during uncertain times coupled with world class higher education system, like IITs and IIMs, and higher sense of belonging that makes them emotionally bound to their careers and society add further to this decision, he said.

    "It could bring in acceleration of learning in some of the niche fields like biotech, automobile, construction, oil and gas," Kalra added.

    The returning Indians would have got exposed to better technologies in these fields and it would be easier for India Inc to embrace this and the local workforce would gain from this new experience, he said.

    "We could also see a more disciplined workforce as returning Indians would cultivate a respect around time boundaries and ability to work without follow ups," he said.

    He added that many large global consulting firms have also opened their research centres in India and most of them have dedicated industry practices such as oil and gas, alternate energy and construction, etc.

    "The availability of professionals having spent time in these domains is a beneficial situation for KPOs and one of the reasons for their increasing numbers," he said.

    Indian KPOs account for almost 70 per cent of global volumes, and the global KPO market is expected to grow to USD 17 billion by 2013-14, according to industry experts.

    VistaMind CEO Arks Srinivas said Indian market due to its global as well as domestic factors has created a need for skilled and experienced labour and hence the generation of more and more jobs.

    "The Indian market is customer centric and with an increase in the purchase power of the consumer, employment generation is at an all time high," he said.

    There are sectors in the Indian economy, which are still growing or at least not seeing a downturn, education and health are two such sectors that will remain productive for more time to come, he said.

    "While the financial industry is in doldrums, the ability to get jobs in marketing and sales of any sector will still be possible and re-skilling would be the way to go," Srinivas said.

    ApnaCircle.com Founder and CEO Yogesh Bansal said it is very typical of every Indian to want to work in the West, however, lately these countries have been struggling to provide employment to their own people.

    "As mentioned the suffering sectors are mostly IT, banking and marketing professionals," he added.

    However, countries like Africa land Southeast Asia, which are expanding their businesses and starting new industries, are increasingly open to hiring globally skilled talent for mid-level to senior jobs, Srinivas said.

    Professionals from India are uniquely suited for these jobs because they have the experience of working in an emerging market, he added.

    Global crisis forces reverse migration by up to 30 pc: Experts - The Economic Times
     
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  10. sunny_10

    sunny_10 BANNED BANNED

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    Reverse brain drain: India beckons non-resident citizens home with plum salaries :tup:
    January 03, 2013

    Country is expected to create nearly 50,000 jobs for NRIs :tup:

    The overseas Indian community (non-resident Indians, NRIs) is estimated at over 25 million and is spread across every major region in the world. Many of these, now overseas residents, went abroad to study and many never came back.

    The reason – there were better jobs and plum salaries to strive for in foreign countries.

    This is a problem that India has faced over the decades but now it’s trying to move away from being a country that specializes in importing labour. To get its people back home, the country is creating jobs for its overseas citizens. The latest figures from job portal Naukri.com shows that nearly 50,000 jobs will be made available this year to lure some of these defectors, particularly the high-quality academics and professionals, back to their home country.

    The figure seems a drop in the ocean considering the huge number of Indians living aboard but signals a change, welcoming the returnees. :tup:

    Each year, the number of jobs specifically targeted at NRIs, have gone up. The organised sector in India is set to create about 49,215 new jobs for non-resident Indian professionals in the calendar year 2013 with 43 per cent more jobs compared to 2012.:tup: Last year, the country was able to create around 27,983 jobs, reveals the latest results of MyHiringClub.com & NriJobPortal.com NRI Professional Employment Trend Survey 2013.

    The survey is based on 4453 companies across 12 industry sectors in 11 major cities and indicates that most employers are optimistic about their hiring plans for NRI professionals in the New Year. :tup:

    “An increasing number of valued NRI professional recruitment will likely take place in 2013. This is a good sign for retaining talent in India. I believe job opportunities are most in Bangalore and most of the NRIs who are seeking to come back are tech professionals,” said Rajesh Kumar, CEO, MyHiringClub.com & NriJobPortal.com.

    IT & ITeS (11450) will offer the maximum number of jobs to NRIs. This is followed by FMCG (8930), automobile & manufacturing (7341), infrastructure (4894), pharma & healthcare (3245), telecom (1391) and banking & financial services (1391).

    Bangalore is the city where most jobs will be created (11894), followed by Delhi & NCR (10320), Mumbai (6780), Chennai (5490), Kolkata (3290) and Hyderabad (2189).

    Even though the country seems to be luring the professionals back home, workers under the unskilled and semi-skilled category are still flocking to other countries for better pay.

    "We have not seen any huge upsurge in the numbers returning to India so far. Every year, there are one to two lakh (100,000 to 200,000) workers who return to India, usually at the end of their work contracts," Minister of Overseas Indian Affairs Vayalar Ravi was quoted in the Indian media nearly one year back.

    The ministry tracks the movement of semi-skilled and unskilled Indian workers to the Gulf and other countries.

    As per the reports, the Indian government processes six to eight lakh emigration check required (ECR) passports of workers who travel to the Gulf countries and some other countries.

    This number seems to have gone up, as per the data of the ministry. For the current financial year in India, the number is about 6.1 lakh (600,100), which shows an increase in the number of Indian workers leaving the country for work abroad.

    Reverse brain drain: India beckons non-resident citizens home with plum salaries - Emirates 24/7
     
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  11. sunny_10

    sunny_10 BANNED BANNED

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    Can't buy a home in Mumbai? Blame the NRIs
    June 17, 2012

    Mumbai: If you're wondering why the property rates in Mumbai aren't going down, blame it on Non Residential Indians (NRIs). With the rupee falling against the dollar every day, Indians living abroad have increased their investment in the country and especially in Mumbai, meaning that the expected fall in property rates following the recent dry period in the real estate market has not materialised.

    According to a real estate source, the real estate prices in Mumbai for a person staying in the Middle East are 25-30 per cent less than what an Indian would pay. Prakash Rohera of Khar-based Kkarma realtors said, "I know about clients from the Middle East and other western countries who were earlier ready to shell out Rs. 1 crore but have now hiked it to Rs. 1.30 crore. Some don't even mind going as high as up to Rs. 1.60 crore. NRIs are investing heavily in Mumbai."

    "Just a few months ago, builders were chasing clients to buy property, and everyone was expecting the property prices to come down, but the uncontrollable inflation means that most builders are now getting calls from NRIs who want to invest. Why will builders reduce the prices when they are making their share of money anyway?" explained a broker, on condition of anonymity.

    Meanwhile, a property exhibition that's being organised in Dubai later this week is already flooded with calls from Indian builders as well as NRIs. A spokesperson for the exhibition said, "The number of builders from Mumbai participating in the exhibition is 15 per cent higher than in earlier years. For NRIs, this is like a sale. The property price has fallen by nearly 25 per cent due to the devaluation of the rupee. We're expecting good business this time."

    Manohar Shroff, secretary, Maharashtra Chamber of Housing Industry, Navi Mumbai, also claims the falling rupee is helping to boost the sale of properties in Mumbai. "The increased investment by NRIs has increased sales," he said.

    Realty expert Ajay Chaturvedi opines, "There's a slowdown in many western countries, but their currency is still stronger than ours. The falling rupee is making it easy for NRIs to invest here. They all plan to return to India someday, so why not invest in Indian properties," he said.

    Can't buy a home in Mumbai? Blame the NRIs | NDTV.com



     
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  12. sunny_10

    sunny_10 BANNED BANNED

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    in fact, high qualified professionals with high western qualifications and experience do have good opportunities in India and other emerging economies too....

    but have a look on even the Mexicans who straight cross border and enter in US, as below. their number fallen by around 700,000+ by just last 2-3 years, as below


    => with fall of the most qualified/ intelligent migrants, we find only militia growing in US now days, as below :tup:





     
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  13. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    In the real world.

    More than one million skilled immigrant workers, including scientists, engineers, doctors and researchers and their families, are competing for 120,000 permanent U.S. resident visas each year, creating a sizeable imbalance likely to fuel a "reverse brain-drain" with skilled workers returning to their home country, according to a new report released by the Kauffman Foundation. The situation is even bleaker as the number of employment visas issued to immigrants from any single country is less than 10,000 per year with a wait time of several years. - See more at: Intellectual Property, the Immigration Backlog, and a Reverse Brain-Drain
     
  14. sunny_10

    sunny_10 BANNED BANNED

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    yaah, as US dollar is still very high valued and these high qualified people are on very high salaries, as compare to locals like you, so they have evey reason to apply for residency of US.....

    for example, a real world of local Americans is as below :tsk:



    => U.S. most armed country with 90 guns per 100 people | Reuters

     
    Last edited: Jul 13, 2013
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  15. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Out of 320 million people 11,000 were murdered by guns last year, I expect most of them needed killing and were no great loss. Another 20,000 were suicides, if a persons want to kill himself, guns are as a good way as any and none of my business. I like to own guns and the right to carry one when I want.
     
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