Posted on 12/20/2016 9:26:35 PM PST by libh8er
Score one for the post-colonial underdog. India’s economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, now standing as the world’s sixth-largest economy by GDP after the United States, China, Japan, Germany, and France. The milestone is a symbol of India’s rapid economic growth and, conversely, the U.K.’s post-Brexit slump.
Economically, it’s been a banner year for India. In February, it surpassed China as the world’s fastest-growing economy. And in October, the International Monetary Fund predicted India would retain that title for the foreseeable future; its GDP is projected to increase by 7.6 percent through 2017.
“India may have a large population base but this is a big leap,” Kiren Rijiju, India’s minister of state for home affairs, said of the news earlier this week.
India’s former colonial ruler, the United Kingdom, is projected to grow by only 1.8 percent in 2016 and 1.1 percent in 2017. Since it voted to leave the European Union in June, which could entail leaving the EU’s lucrative common market, Britain’s economy and currency have struggled.
(Excerpt) Read more at foreignpolicy.com ...
Sorry about the headline. I have asked mod to fix it.
Just curious, what the Christian presence in India is today. That can be a big driver of progress in what had been a third world country.
Minor issue. When India’s GDP is 20x that of the UK to match its 20-times larger population, then they will have parity.
Some of the biggest business opportunities in the world are fast growing middle classes in India, China, etc.
Percentage wise they aren’t huge, but they are big since they are applied to the two largest population countries in the world.
BRIC = Brazil, Russia, India, China.
Per wikipedia, Christians 2.3 %. Hindus (majority) ~80%. Muzzies about 14%
Many in India were so sure that Trump would win the election, they celebrated his victory about two weeks early. Remember that? There was a big ceremony about it, with a street procession, followed by live theater. I wish I could have seen it.
Of course, there was not much publicity, because the story was all positive about The Donald.
This is one good thing that George Bush started ten years ago. March of 2006.
nice to know H1B visas work for someone
and the EU didn’t work for the UK
Since India has about one quarter of the planet’s entire population, it says something that tiny Britain has exceeded India until now.
That’s two former colonies that have eclipsed Great Britain. They need to really contemplate why and the answer lies in Thatcher’s reforms.
Not a lot of Christians statistically.
But. Here’s the kicker. Hindus will worship just about anything. How many have latched onto Jesus while calling themselves Hindus? Especially when the West has just seen the launch of the biggest witness in history (in America)?
That could be a behind-the-scenes takeover of India by Jesus. That Jesus is pretty smart sometimes.
Given how incredibly stifling and draining socialist policies are on countries economies, it’s a miracle the UK has that high, that long.
United Kingdom - GDP Per Capita - $43,902
“When India’s GDP is 20x that of the UK to match its 20-times larger population, then they will have parity.”
Hmm. India can outspend the UK militarily right now. Not sure what you mean by “parity”.
depends on how you value the India Rupee
currently 60(?) to the USD.
after the ‘cancel the 1000Rp banknotes’,
there will be no bottom.
hello Venezuela
India’s been a Marxist sh*t hole since the forties, at least.
It is very small.
Economic freedom is the big boost helping India. The prevalence of English as they grow as a tech power doesn’t hurt either.
No, some secret worship of Jesus isn’t the explanation.
Freer and freer markets in India all the time.
Slow improvements in corruption levels and resultant gains in infrastructure are making commerce easier all the time.
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