https://youtu.be/7UdCt_Rsevk China GDP 18 trillion India GDP 3.1 trillion California 3.3 trillion China’s gross domestic product will surpass that of the U.S. in about 2035, the Goldman group led by Kevin Daly and Tadas Gedminas wrote, while India’s GDP will narrowly surpass the U.S.’ in about 2075. The U.S. currently has the largest economy in the world by far with $23 trillion in 2021 GDP, according to the World Bank’s data, while China has the second-largest GDP at $18 trillion and India the sixth-largest at $3 trillion. The U.S. has been the largest economy in the world by GDP since the metric came into favor in the mid-1900s. But China has grown at a far greater pace in recent decades, with its GDP growing from just 12% of the U.S.’ in 2000 to 77% last year. Though the global population reached eight billion people last month, according to the United Nations, the organization reports a significantly slowing rate of population growth, especially in wealthier countries. The U.S. population grew by just 0.1% in 2021, the lowest rate ever recorded in the country’s 246-year history, according to the Census Bureau, due to pandemic-related deaths combined with a slowing birth rate.
Chinas GDP is heavily fluffed up by construction - building for the sake of building. Then more GDP tearing it down without being used. Classic FDR economics. Pay somebody to dig a hole and another to fill it back in.
Keep in mind that this is a very recent phenomenon. If you look at India’s GDP in 18th century, it was possibly worlds highest. China was still very close back then. But at that time, india had either maharajas and kings etc. or British raj later. This is a very similar administrative structure to what China has today. That kind of dictatorial administration helps to boost the GDP. In short, india is paying thr price for the democracy. It’s hard to get all people on board about something all the time, and further impossible with 1.4B
Looking at US dollar GDP is disingenuous. India's PPP is 11.5 trillion vs 25 trillion for the US and 30 trillion for China. PPP more accurately reflects living standards due to cost of living differences. Honestly even the PPP doesn't tell the whole story. I studied abroad in Shanghai in 2019 and it was pretty clear the people there had a better day to day life than the average New Yorker for example. In the US, most of that GDP is bs like overpriced healthcare and financial services and defense industry. Stuff that isn't giving us a better day to day quality of life. Instead we are stuck with increasingly worsening infrastructure and homeless/crime in all our cities.
China may be authoritarian but Chinese politicians are the patriotic. India’s rulers are not patriotic. Modi is Ambani/Aadani puppet… Indian citizens are patriotic but they have zero idea of reality because Indian media is not free, so people go to vote on the agenda of religion or other social divisions, not on the agenda of better governance or better schools or accountability for corruption.
Wow 👏🙌
Which patriot decided to shut up Jack Ma, I want to know.
China is a dystopian hellscape, I'd rather live in a dumpster.
Rampant poverty, decades of bad policies and corruption, wide disconnect between the establishment and common man for one. Too much inequality and differences in culture making policy enaction enormously difficult for another. All of these issues are still a problem today and somewhat cyclical in nature making the problems somewhat impossible to solve. None of these problems exclusively apply to India, India just has a lot more of the above problems compared to other countries owing to its large size and population.
Well said- too much inequality and differences.. too complex
Best of Chinese people work for China. Best of Indian people work for US.
I think this is exactly right. I had a good friend who’s Chinese who went to the MIT of China, growing up his dream was to be a government worker, but couldn’t get in due to the competition so he went to Stanford instead and working at google lol
India is 20 years behind China in every aspect
Same chart with USA and UK. How many years for China to catch up?
Why does India need to be number 1 ? We definitely need to do better, but I think it's ok if it takes longer to get there or we are number 10 or something. I personally don't want rapid progress at the cost of things like zero COVID, social credit etc.
Because India is a dysfunctional state and all the high IQ Indians get out of there as soon as possible
I think OP has never been to India, so they don't know how absolutely shit that country is .
I moved back to India and my lifestyle is better here. People who used to be QA in my team in India are working at Google as SWE in usa. i don't think High iq people move to usa.