Increased borrowing costs in France
By A.I.
Published: January 6, 2012
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With higher costs now borrowed 7.963 billion from the markets France. |
India is richer than ever before, and could surpass China’s economy by 2013. But its growth is a mix of dynamism and dysfunction, as can be seen in the city of Gurgaon. How can Indian cities keep up with the nation’s dramatic economic boom? Video Rating: 5 / 5
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@translationwiz Capitalism could produce large scale poverty in China? hahahaha. Over 1 billion people in China live on less than 5 dollars a day right now. You go 50 miles inland from the East coast cities and the people are living like its the 18th century, plowing their fields by hand.
Stay in school kid
@maximummask no, they are trying to slow growth to tackle inflation, not inequality.
@youngbuck189 yes, the Soviets lived in an earthly paradise.
Indias economy could surpass chinas by 2013? indias gdp is 1.3 trillion, chinas is about 5 trillion. India would need a 400% growth rate in 2012 to pass China.
@youngbuck189
Yeah his way of thinking is way off. Multi stories always have electricity in corridors. The corridors are not the property of the poor inhabitants, its owned by some rich guy who’s duty it is to provide lighting. Corridor lights have nothing to do with the tenants, it’s not their responsibility.
They built houses before roads, toilets without a sewage system, i thought Indians were supposed to be smart. either way, this is a good episode.
beautiful city.
@dfg93353 Thank you, Based God!
@panthera50 –you are talking as if india is not building a drainage
@maximummask –india will have 8%+ gdp growth rate till 2050 and it will easily overtake china by 2050.
India, surpass China’s economy? AHAHAHAHA. China has an economy 4 times your size, you will never ever catch up to it this century.
You might surpass it’s annual economic growth rate, but this is because China is deliberately slowing its growth to tackle INEQUALITY and build a SOCIAL SAFETY NET, things India does not even have the luxury to think about.
Free Market Capitalism is an idea. Just like the other theories that could work. But…no theory can work if you put it into action with bias&favoritism. Its like saying its best to allow the strongest/smartest to get the slices of the pizza. But, we make the pizza and get the first 3 slices everytime(Elites) its put on the table. They purposefully make less slices. and are rigid in their approach b/c theyre guaranteed their first 3, ..they are the casino…money ends up w/the house always.
@dfg93353 Maybe you are right. On the other hand, I dont know if capitalism can work in a country with such a huge population. Esp; modern capitalism. Which has become a club. Capitalism could create large scale poverty in China. Which would lead to either a plague or revolution. For China to join in free market the entire global system would have to start from scratch. They are cheating&expect the whole world to adapt to a fixed market they call free. thus the global money problem.
peace.
I predict that by 2025 India’s economy will dominate China, and China will look pathetic. This is because their is only so much that the Chinese bureaucracy can do. State socialism will only get you so far. China will have to make their political system more egalitarian, if they want to keep up.
@Evergr3entree
religious lobbies never allow that, they are playing dirty games behind the word ‘democracy’
I wish the best for India. But countries need to lower their population from high numbers in order to thrive.
Funny how the three panelists can’t agree on anything yet even bull-$hit and fudge pack facts to counter the developer. Funny how the lady in red hijacks the panel alltogher.
Nobody ever congratulated Mr. Raheja for his achievements on actually moving things forward. It is no-cause social activists who seem to be holding India to ransom, it seems all the hostility is directed at the developer. One hell of a place to do business if you ask me.
@peymaania I was just in India, and I didn’t smell sewage.. Don’t say whole country, if your friend went to some cities in N. India.
@munib1000 India has the potential to be a Economic superpower. Nothing more, unless socialism comes in the picture.
If these people do not put in the infrastructer to take care of the growth it will lead to disaster. Disease and pestilence will follow. Also need to have civil liberties for all and stop discrimination based on ancient superstitions. Hope India does the right thing for all its people. We need a counter balance to Communist China.
This is one of many reasons why India will never ever be a super power.
Multi story building for the poor are bad?
Really? Really? Really? Really? Reall?!!?!?
Is that why in Eastern Europe, despite much less wealth the Soviet flats still manage to house vast majority’s of the populations, making homelessness almost nonexistant compared to the USA or India.
I have an idea, maybe the government stops the neo-liberal financialization of the econemy which only benefits 5-10% of India and start investing money in infrastructure.
Where does all that Shit Go?
A good friend of mine just got back from India, she told me the whole country had the stench of sewage.
Gross!
This looks like what the 1%er’s want for us in the US