A Slight Correction, China’s GDP (nominal) is $2.7T and their pop is 1.3 billion,that works out to a per-capita income of $2,000 not $2,800. India’s per capita GDP is $980 (nitpicking hehe). Anyway pretty interesting article.

According to CIA factbook, China’s GDP/capita as of last year was $5,300. India’s GDP/capita was $2,700. Shouldn’t we adjust it for purchasing power parity. Isn’t that a better measure?

https://www.cia.gov/library/publications/the-world-factbook/geos/in.html https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html

http://video.on.nytimes.com/?fr_story=111c852f7c4c8dfef62dca3a791df9a4aa9ba49d

Fully agree with the conclusion.

41 · boston_mahesh said

Is China and/or India manipulating their numbers?

Perhaps. Where are you getting your numbers from? I believe China’s FDI (foreign direct investment) is way higher, and could be attributed to the high growth rate of China. If only India did that…man, bharat would be at the top.

Actually the FDI numbers are calculated differently and hence reported differently. here is the link

bharat would be at the top

I meant to say bharat would pretty well off.

Is China and/or India manipulating their numbers?

Perhaps. Where are you getting your numbers from? I believe China’s FDI (foreign direct investment) is way higher, and could be attributed to the high growth rate of China. If only India did that…man, bharat would be at the top.

But wait a minute, their growth rate has been about 11% and India’s has been about 8%. I’ve done the math, and the numbers don’t add up.

Is China and/or India manipulating their numbers?

What are you talking about dude??? $1000 vs $2800 ,$IT vs $ 2.8T .. are the populations of India/China both exactly equal i.e. 1 Billion today ?

Secondly if one is larger than other and the smaller grows at 60-70% of larger.. the gap grows smaller??

Either we need to speak to your maths teacher or you better let us know what you been smoking.

I am not making any such statements and was just replying to Amitabh’s comment so please don’t attribute something to my comment which is not there, also I don’t speak for all DBDs so it will be great if you don’t either. I am speaking of my experience.

In the last decade, there has been a spike in the # of foriegn students at US universities that represent the elite in their own countries. The US is now the hottest place to go to college. I wonder what the effect will be of all these US educated leaders all over the world, since their “cultural moorings” are increasingly US-centered.