Comments on: China, India And The Global Economy http://indianeconomy.org/2006/09/19/332/ Issues & insights Thu, 11 Mar 2010 14:39:33 -0600 http://wordpress.org/?v=2.8.2 hourly 1 By: Satish J http://indianeconomy.org/2006/09/19/332/comment-page-1/#comment-270253 Satish J Thu, 03 Sep 2009 16:41:30 +0000 http://indianeconomy.org/2006/09/19/332/#comment-270253 It is ludicrous to say that 9% growth affects only 0.09% of the ppl. How does one account for the steady rise of the middle class that is rising around 15% annualy. The middle class in India has certainly grown - There was a time(not tooo long ago) when the so called indian middle class could not even think about buying a TV set. The poverty scene is certaily going to vanish with the swish of a wand - it takes time and it will gradually end. Again it is too naive/ignorant to say that only the super rich have benefited. The last few years was driven as much by rural demand as the urban middle class. It is ludicrous to say that 9% growth affects only 0.09% of the ppl. How does one account for the steady rise of the middle class that is rising around 15% annualy.
The middle class in India has certainly grown – There was a time(not tooo long ago) when the so called indian middle class could not even think about buying a TV set. The poverty scene is certaily going to vanish with the swish of a wand – it takes time and it will gradually end. Again it is too naive/ignorant to say that only the super rich have benefited. The last few years was driven as much by rural demand as the urban middle class.

]]> By: maulik http://indianeconomy.org/2006/09/19/332/comment-page-1/#comment-189285 maulik Sun, 01 Jul 2007 07:45:20 +0000 http://indianeconomy.org/2006/09/19/332/#comment-189285 ranjranjan said that this 9 % growth is for only .09 percent ppl only in india belongs and seems to be true if u check on all *(poverty ) ranjranjan said that this 9 % growth is for only .09 percent ppl only in india belongs and seems to be true if u check on all *(poverty )

]]> By: Carlini http://indianeconomy.org/2006/09/19/332/comment-page-1/#comment-108675 Carlini Tue, 20 Feb 2007 16:44:43 +0000 http://indianeconomy.org/2006/09/19/332/#comment-108675 <a href="http://www.unregisterednews.com/content/view/39/1/" rel="nofollow"> An in-depth article </a> which looks comparatively and analytically at recent economic developments in china and india An in-depth article which looks comparatively and analytically at recent economic developments in china and india

]]> By: New Economist http://indianeconomy.org/2006/09/19/332/comment-page-1/#comment-15001 New Economist Sat, 23 Sep 2006 22:33:12 +0000 http://indianeconomy.org/2006/09/19/332/#comment-15001 <strong>New book: 'Dancing with Giants: China, India and the global economy'...</strong> A draft volume of the new World Bank report Dancing with Giants: China, India and the global economy has been posted online: Drawing upon the latest research, this volume analyzes the influences on the rapid future development of these two countries an... New book: ‘Dancing with Giants: China, India and the global economy’…

A draft volume of the new World Bank report Dancing with Giants: China, India and the global economy has been posted online: Drawing upon the latest research, this volume analyzes the influences on the rapid future development of these two countries an…

]]> By: Ramkumar http://indianeconomy.org/2006/09/19/332/comment-page-1/#comment-14802 Ramkumar Sat, 23 Sep 2006 05:15:24 +0000 http://indianeconomy.org/2006/09/19/332/#comment-14802 Current Account Balance says it all..... https://www.cia.gov/cia/publications/factbook/rankorder/2187rank.html Current Account Balance says it all…..

https://www.cia.gov/cia/publications/factbook/rankorder/2187rank.html

]]> By: Nandan Desai http://indianeconomy.org/2006/09/19/332/comment-page-1/#comment-13877 Nandan Desai Tue, 19 Sep 2006 20:57:21 +0000 http://indianeconomy.org/2006/09/19/332/#comment-13877 Thanks for this link. The paper looks like a great composite of existing work on India/China and the background papers will prove to be useful materials for future discussions I'm sure. I had attended a seminar with Philip Lane (who co-wrote the chapter on financial integration of IN/CH) and found his discussion of global imbalances fascinating. Essentially, he takes the view that the financial part of the imbalance might not be as bad for the US as some (Roach, Roubini, et al) suggest because the overall return on net foreign assets is still decent for the US (basically because all the investment into the US is low-yielding debt, and the bulk of outward investment is high-yielding equity/FDI). This difference in returns essentially mitigates the deterioration in the NFA position. Interesting argument -- but still too optimistic in my view. Any idea when the Bank will be releasing the Dancing with Giants book itself? Thanks for this link. The paper looks like a great composite of existing work on India/China and the background papers will prove to be useful materials for future discussions I’m sure.

I had attended a seminar with Philip Lane (who co-wrote the chapter on financial integration of IN/CH) and found his discussion of global imbalances fascinating. Essentially, he takes the view that the financial part of the imbalance might not be as bad for the US as some (Roach, Roubini, et al) suggest because the overall return on net foreign assets is still decent for the US (basically because all the investment into the US is low-yielding debt, and the bulk of outward investment is high-yielding equity/FDI). This difference in returns essentially mitigates the deterioration in the NFA position. Interesting argument — but still too optimistic in my view.

Any idea when the Bank will be releasing the Dancing with Giants book itself?

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