The GDP of China and India since the 1960s
ฝัง
- เผยแพร่เมื่อ 21 ส.ค. 2024
- This is one of those stories worth taking your time to watch. We've heard a lot about how China is slowing, while investors are pivoting to India. But what do you think about this decades long journey these two emerging superpowers have taken?
Hats of to Anton Golub who inspired this story.
Music: Cool Wet Sand - Oman, Epidemic Sounds
#ChinaEconomy #India #Macroeconomics
![[TH] 2024 PMSL SEA W2D1 | Fall | ต่อเนื่อง ในสัปดาห์สอง](http://i.ytimg.com/vi/ElcO9uC_Dbk/mqdefault.jpg)
I know we have disputes with China. But gotta say, China's growth is aspirational for all countries including India. The amount of people they have pulled out of poverty is amazing. Well done neighbor 👏
加油兄弟 印度的潜力非常大 我们一起让亚洲更加繁荣
@@Eric-ge5le差不多得了😅
Disputes are created by politicians through propaganda. Once India reach the heights of China, the West will treat India the same like they are treating China now
A very objective view. I endorse it. Poverty alleviation is the greatest achievement of China in modern times.
Thanks bro!
Corrupt politician, corruption in Government sectors and Religion politics destroyed the India development.
@@ExHinduKaranThakur-ck4hn agreed my hindu boyfriend also not religious.I left Islam for him.
True
The difference: India inherited a country from the British when the Crown was greatly weakened and bankrupted from WW1 & WW2 and replaced their colonial masters with their native manservants as the new elite. China fought to keep its independence and had to rebuild it from the ashes of European imperialism, Japanese invasion and Civil war.
@@in4ser Tibbet never belong to China but China illegally occupied it through force of Army.
@@khan.954 Even the Dalai Llama recognizes it as a part of China.
I am from China. Although there are still frictions between China and India, I still hope that the two countries can be peaceful and make progress together.
拳头够大自然和平
@@user-sf5mq8bl8y Tell that to thousands of people died in 9.11
Indian like to say it. China like to do it.
You are very wrong. Indians are no less than China. Come to India you will realize how fast it’s growing.
@user-lb3oh5pw9x When I was born , India is a developing country. Now after 27 years later it still is a developing country.
@@TimeToReadMine 我出身的时候，中国是一个发展中国家，现在仍然是一个发展中国家。
@@TimeToReadMine India's gdp per capita is too low to be developing country. I consider it developing now but 30 years ago it was definitely an underdeveloped country.
@ConstellationOrion Well I won't be shocked by the fact
According to western media China have been collapsing for the last 30 years and still collapsing now 😂
China will collapse by the end of this year for sure.
It's just like they are dumping sh!t on tv channels in west and India 😂😂
China 🇨🇳 is far more capable of growing than lindua😂
@@Quva846Bulla smiling on China....😂😂😂😂😂
Biggest comedy ever !
Chal Uygur Toilet saaf kaar !😂😂😂
@@Quva846indian Goverment or media never shows China as poor get your facts rights. And actually China is seen as a tech giant. And stop being racist.
😂😂😂
A major difference in the pre-1990 lies not in the numbers, China invested all its got into heavy industries that builds infrastructure, education, and most importantly went through major painful land reforms. While India adopted the ‘free market’ and laws that prioritize individual asset rights
Any examples on " individual asset rights" in either countries? that affected GDP or economic development? How the caste system or culture (despite the law says no) affects India's individual rights? How is sex equality compared between India and China (and the Western countries)?
@@franklekwan5860 most individuals don’t own land in Europe or America when they transitioned from feudal system to modern industrial system. Land was organized for factories and railroads in the transition. India, with its big economy size, still lacks railroads, steel production, and even electricity for industrial purposes. While they grew tremendously in the service sector, people don’t want to give up land for an industrial based civilization.
@@DZ477 I emphasized it was painful. That’s why it’s called revolution. Right or wrong is a philosophical question that can be put up for debate, but given all industrialized economies went through it, there is currently no better solutions to make that leap.
@@DZ477You shit on land reforms until you go broke and landlord evicted your ass. Most people don't live in fantasy land 😂
India is no 3 producer off steel in world and its economy is growing faster than china and its built 30000km off 4 and 6 and 8 lane highway they are investing a trillion in infrastructure while chinese realestate is imploding let see whete this goes
No one in China will compare his country with India. If you know Chinese characters and China's culture and history, you will know that India will never become China. Population can decide some things, but not everything. The development of a country has a deep relationship with its culture and history.
Same for india , they don't need to compare with Chinese culture and character .
It's only a economic and political comparison here .
@@user-cq8hw3ni7gindia should stop comparing itself and start learning from china.
@adolft_official china rejected buddishm and never follows it. 90% china is athiest.
India still have Buddhism today? Do not joke, if Buddhism is majority in India, India may be stronger than America
@@kiteknight23 learn to eat bats, I respect their culture
Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject…
Trading in Bitcoin now is the wisest thing to do now especially beginner....
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
Forget about the economy. India today can still remain one piece already is a miracle
Sab Modiji ka kamal he
Same goes for chyna
@@alteredcarbon5824 i dont see any internal discord in China, all chinese are preoccupied with one thing and one thing only....money and making more money. thats why China functions so well. as long as u dont disturb the feeding trough, Chinese could not give a rats posterior what u do,except for a few liberal socialist bleeding heart nutjobs.
India No.1, no rapists, toilets everywhere, all handsome and clean guy selling food in streets@@alteredcarbon5824
@@alteredcarbon5824China has only 1 type of people
They follow 1 culture and 1 language unlike India
India has no unity
In a good extent, this is s good example showing china’s political system works well.
Somebody with sense
It's the best political system on the planet. I'm a mainland Chinese. The current system is a combination of ancient Chinese governance wisdom + western political practice+ communism beliefs.
It's highly efficient and agile, and still has check balances.
Political system is not all about economics and china would not have achieved it without Americans and their investments in china. In the next 10 years the world will witness the culmination of the chinese political system
Watching this while the Chinese economy is collapsing.
The cool thing about a totalitarian government is that they can publish whatever numbers they want.
Indias economy will surpass the Chinese soon. And hopefully Tibet will become a sovereign nation.
Also: Chinese political system does NOT work well. It's one of the most corrupt system in the world. Please don't believe the OP
Yes, it's the best political system for dumb n deaf people
Personal opinion: I think the human factor is the most critical. Chinese people are very hard-working, very enterprising and very humble. Good at long-term investing. Suitable for economic development. But Indians are very good at philosophy and politics, so Indians are suitable for being politicians and like arguing and giving speeches the most. Of course, he is also the best at bragging.
You're racist
And yet Indians have the biggest diaspora in the world and all of them are the top income groups in the various countries.
The only thing I would say is you are living in your own delusions😂
Chinese are humble? What a joke, and you guys shouldn't get too cocky, usa is already up against you, let's see how you handle them 😂, India has a good time in their hands to grow till then we will sit nicely and watch the premium show of "US vs China" game😂
@@ChandanMishra-ql1bi It seems that in your eyes, Americans are the masters of the entire earth. Sooner or later, Americans will have to accept the reality of being on equal footing with China. As for India? It is not in China's sight at all.
@@ChandanMishra-ql1bi India has missed the last train of industrialization. Now India can only make pitiful profits in low-end industries. High-end industries have nothing to do with India. Ask other people in the world who has used Indian products?
Because one is big mouth, but nothing gets done, the other is like Nike : Just do it
God bless China🇨🇳💯%
India is democratic country with different languages and diffrerent states which is not easy to handle by any country in the world which has diversee in religious and culture
China is 91% Atheist
Ha ha India can also do it. Who told you that Indians just talk? These are racist stereotypes to make Chinese people feel good. Truth is that they have no individual freedom.
@@sanjoker2741
India is so diverse, heterogeneous, it prompts Jayant Bhandari an Indian himself to say : India will eventually disintegrate into many smaller countries
@@sanjoker2741 DemocraZy !
The funny part is this,... China's GDP reached 3.35 trillion in 2007, same as India's present GDP. Yet, 2007 China is much more developed than 2023 India. All their 2007 human development indexes are better than our 2023 indexes. Am I missing something here?
通货膨胀，07年的钱和23年的钱是不一样的。
That's why we don't use GDP as the sole indicator for growth and development. It is usually paired with other social indicators like HDI to give a clearer picture of a country's development. GDP is a flawed methodology and cannot be used to compare two countries.
three reasons that i can think of: 1) gdp of every nation are calculated differently. 2) concentration of wealth is much higher in India than in China. Top real estate price in 2007 china is no where near 2023 India. 3) There is a huge depreciation of all fiat currency since 2007. Today's 3.35 trillion is actually much less than in 2007.
China's population was lower
Ur missing inflation here. 3.35 trillion has different value in 2007 vs 2023
Another reason China is developed so well is they are not on TH-cam making comments like us 😅...they are too busy working
Lol 😂that's definitely not the reason.
It's about policies and execution
Chinese has their own app like TH-cam, X, and Facebooks. And they use it like crazy.
@@parvadhami980Chinese people don’t like these software. They are full of content that slanders China. Most Chinese people only log in occasionally and are driven offline by the anti-China content that is full of loopholes.
你可以尝试下载一个bilibili
@@Nothing-Better-To-Do😅😅那你是没看过真正做事的人，以为跟你一样
As of today (Sept, 22, 2023), China can make 7nm semiconductor chips while India can make 7mm chips (potato chips). 1 mm = 1000000 nm, India has a long way to catch up with China. But US/Canada will make sure that India maintain its capacity of making 7mm potato chips only.
Sad but true west is no good to India 😢
Sour and salty potato chips
True
Who the heck would eat such a smol potato chip?
poor indians@@manmeesarma2413
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth...
I have a minimalist budget. I pay an extra $100 per month on my mortgage & bank $1000 per month for a year in a high interest account. I also dump in anything extra I save monthly off my budget. I dump a lump sum on my mortgage at the end of the year. I keep my money liquid while drawing interest so I have it if I have an emergency available to me all year long. You don’t need a line of credit, become your own credit card!
Europe is in a technical recession already; the US is unlikely to and they can thank the consumer millennials and zoomers for that.
Forex/stock is the best investment anyone could get into. As it could make you rich in a blink of an eye. not recommendable to go into trading or investment when you don't know how it's done,
Investing with a good guide is the best way to get started in the trade market. would free you from modern financial slavery.
@fisayofosudo538]
😮really??
I've always wanted to invest in stocks but was always discouraged. I wanna start now,
Would it be okay if I asked you to recommend a specific advisor or company that you used their services? Seems you've figured it all out.
@@mianortum "Britney Rose Cohen "
as a indian i agree china growth unstoppable...well done china... your country will make inspiration, other countries how to reach economic growth
really? unstoppable? are you God?
Its fake. Their GDP is probably around 8-12 Trillion. Not more than that. They are faking numbers from a long time.
@@prakashm1468ignorance is sometimes not bliss but fatal. Learn to accept the truth and move forward according to that.
Actually people like you are the reason why India isn't moving fast.
You turn blind eye to the problem.
Unstoppable?
Covid pretty much stopped China and they are unlikely to see pre-Covid growth numbers even again.
@@prakashm1468 ever look at their infrastructure dumb guy.they might not be as religious as us but they are smarter than us and do more hardwork than us .Accept it the only reason their growth is unmatched it might be slower than us today but they still are far ahead of us.pretty harsh doesn't it.our engineers dream of going to usa instead of working here so there's that
Don't forget US led embargo 1950-1972 on China. Even after Nixon visit in 1972, not all restrictions were immediately lifted
Yes. At that time the ROC government who lost the Chinese civil war fled to Taiwan, and they blocked the Chinese coast for decades.
Actually that was saved for china, they could not compete in free trade market. Their basic needed would be supplied by others, and their industries would not as big as now.
@@paijokotak6996excelent comment
典型的我伤害你是为了你好，强盗逻辑
@@paijokotak6996 not really.. they were denied to compete in so called free market but they not give it up. nuclear B, satellite launch, modern laser ... A bit like Iran today even with political struggles on top.
Last two decades Chinese growth is stunning well done BRO greetings from neighbor India
love India from neighbor China
Observe and learn.
二十年来中国崩溃了二十次😂
Nobody cares about ur greetings. Stop
印度最大问题就是种姓制度，这一点让人很反感，这才是真的没有人权，基本尊严都没有，关键是你们自己国家的人竟然对这种不公待遇认为是正确的
One of the difference between Indian people and Chinese people is, Chinese really don’t care about their rank, or you agree or not, or how the world think about them…… if they can choose they would prefer the world not recognize their growth, so they can growth peacefully and quietly without being noticed. Their goal is not set to satisfy the world or gain recognition from the world, but to make their lives better and happier.
It doesn’t look like that from this comment section. Many Chinese are boasting about their growth here while putting India down.
Exactly!!!
人怕出名豬怕肥
@@waikinchan1856 What does that nonsense even mean?!
@@waikinchan1856长者说过，闷声发大财！能让人民过上好日子就是好民主！！印度那种伪民主有吊用，路子走错了，先发展经济，人民素质提升上去了，才能讲民主不然国家会乱套。
This is what happens when one has protected its sovereignty, and the other blindly embraced American Neoliberalism - still does.
China had more money with the USA than India tho. Also the USA is a capitalist first before anything.
A Nokia engineer told me two decades ago how the west will take over China from the inside due to its superiority in handling economy.
India closely followed the USSR in its economic development, while China opened up and emulated American free trade.
@@DZ477 great joke
Truth
Caste politics has destroyed Bharat 😢
Respect india people from China.
我是印度人，我爱中国。❤
One claimed as the biggest ‘democratic’ country while the other one was blamed as ‘autocratic’ country - which one you choose to live in?
Democratic...Any day !!
China I choose
China has better democratic system than India does. It's called centralized democracy, or all process democracy in China. It serves the majority of the society, not the rich. That's a fact. China brings new meanings to democracy.
@@incorrect2550 India is just a verbal democracy
Do find some spare time to listen to these foreigners who are happily living/working in and/or exploring China:
Katherine (American):
th-cam.com/video/VSzkRKHOVPo/w-d-xo.html
Sabrina (Jamaican):
th-cam.com/video/M8S7og-bxCM/w-d-xo.html
th-cam.com/video/CbMqtAuAHA0/w-d-xo.html
Lizzy (S.African):
th-cam.com/video/84kk0iPueao/w-d-xo.html
Sarika (Indian):
th-cam.com/video/agSn1KAt8hE/w-d-xo.html
Bondi (Australian):
th-cam.com/video/GUxG1BW1Js0/w-d-xo.html
Harvey (British):
th-cam.com/video/m0NqpjKeDbE/w-d-xo.html
Massimo Bondi (Italian):
th-cam.com/video/rqEjnaveVaE/w-d-xo.html
Jay (British):
th-cam.com/video/WUsaI1NHhPQ/w-d-xo.html
(There are plenty of foreign vbloggers sharing their experience in China if you care to look... ;-p)
Similar starting point, similar amount of population, but different development speed.
different political system.
And, one is a democracy, one is communist. Tells you democracy has NOTHING to do with building a better life for the people.
@@tommyz0123中国以后还是要民主的，但不是现在，现在民主只会拖累我们发展
Communism is better!
it has but congress destryed india,s gdp growth @@tommyz0123
Теперь индия знает,сколько ей стоит кастовая структура общества.😅
What a tremendous, fierce, kingly, sharp progression... wow china... 🇧🇩🤝🇨🇳
Massive respect for China from India.
印度侵占中国南疆。希望我今生还能看到中国军队再一次光临新德里。
🇨🇳🇮🇳🙌
@@user-nike5dragon Chinese Bat Soup Army has never reached Delhi and also there is no such thing called Southern Tibet. Arunachal Pradesh has got nothing to do with China 😂😂😂😂😂😂
Shame on you
@@user-nike5dragonget ready for nu kes then😂😂
That's what you call exponential growth
Interesting the plot shows China vs India were so close together 1950s tile 1980s, however it was the time that China was heavily investing in (1) education, (2) healthcare, and (3) industrialization. The numbers and plot are not telling you the full story. Now is it clear that why and how China jumped up from 1990s?
May be 50 years ago, this was OK. But comparing between these two countries today is a total absurd idea.
Why not? India will eventually catch up and surpass Chinese economies. China cashed its demographic dividend but now it’s Indias turn.
The statistics available in the public domain does point out for the first 30 years of 1960 to 1990 India and China GDP were on par with each other. The two only started to drift apart from 1990 onward. India has increased its GDP same as its previous 30 years but China is the one who took off.
China could have been able to move faster in the 1960 to 1990 but from 1950 to 1971 China was economic blockaded by the US after the Korean war. US as the victor of WW2 made sure no country could trade with China. In 1971 the third world countries formed a majority in UN to pass the resolution to replace the US-backed Taiwan , with population less than 24 million, with mainland China, that has 1,400 million population, as the legal representative of the Chinese people. China was then able to trade with the outside. Seeing China was about to open up US president Nixon immediately changed policy and visited China in 1972 to be the first one dominating the huge Chinese consumer market. China joined WTO in 2001. Once China could trade with the rest of the world it develops to what it is today.
India aspires to be a western democracy so it proceeds economically at the same speed of the west.
Taiwan is also part of China too.
They speak the same language, same ethnic, same culture and geographically the same.
"western democracy"? You got me excited!
Democratic military weapons (No 1 world military weapons importer in the world. India imports useless weapons, and becomes obsolete when these weapons are fully operational in India).
Democratic military parade (Indian military parade look just like a poor circus show).
Democratic language (India's own language is autocratic and inferior to English, so India set English as India's official language. English education in India only be benefits to less than 1% of Indians, which made India with the largest population of illiterate people in the world).
Democratic pollution (the No1 in pollution and pollution growth in the world).
Democratic suicide (over 1,000 farmer suicide every year).
Democratic alcohol (2015 over 100 died due to fake Alcohol).
Democratic tribe ruling society (primitive and uncivilised society).
Democratic heat wave (over 2,000 people died of heat wave every year).
Democratic child labour (over millions Child labour underground).
Democratic fingers (use fingers to eat food and clear rear).
Democratic religion suppression (Modi killed over 10,000 religions people).
Democratic sterilisation (over 1,000 Indian women died of sterilisation every year).
Democratic birth control (kill 1,000 Indian kids every day as Oxford press revealed).
Democratic Olympic medals (Zero gold with 1.2 billion population - 1 recently ).
Democratic infrastructure (still remain the infrastructure which the UK built).
Democratic slum (the largest slum in the world).
Democratic legal system (India crime cases will take 600 years to complete in India legal case based on the present speed of Indian democratic legal system),
@@siddheshkalekar5632
Bangladesh main language are Bangla and Urdu, not Hindi.
Bangladeshis are muslims, not Hindus.
@@Commievn There's like 200 million muslims in India, so doesn't matter if Bangladeshis are not Hindus. And Bangla is the second most spoken language in India after Hindi, so doesn't matter if they don't speak Hindi either :)
@@siddheshkalekar5632 is not about logic, is law....ROC law claims that there is only one China, now the situation is both governments rules parts of China, and both of them don't admit each other....
Democracy and Freedom is a Luxury product that should be attain after a country is rich and developed,
how can a underdeveloped and poor country sustain expensive democracy and freedom to develop their country ?
but there is always exception
it all came down to policy adopt by country leaders
True..the cost of democracy makes poor countries stays poor..
Democrazy is where fools outvote the wise
Democracy is just a game for the fools, which makes the fools believe they are leading the country, while the ruling class smirks all along.
事实上只有北欧和瑞士这样经济、教育发达，又不那么大的国家才能让民主制度比较好的服务于人民，对于发展中国家，民主是个谎言，群众会处死苏格拉底
Democracy is not the reason the west is wealthy, it's centuries of brutal pillaging,slavery and massacre of it's colony, profits from wars that made the west wealthy. If you want to know what democracy can do to countries without colony, just look at Liberia, they copy paste the constitutions of the USA and didn't even bother to change the name of some places
So called biggest democracy vs hybrid democracy.
Western media are reporting on China's collapse every day, and it has been doing so for almost 30 years.😂
Chairman Mao, the greatest leader of China, changed the fundamental of Chinese society and paved the road for China to grow. Things like equal rights, liberation of women, education for all, state owned land, ... all started from Mao time. India needs to have its own "Chairman Mao" to change its society fundamentally.
Haha Under Map china underperform it's only when he exited did it start to perform better you are delusional.
😢😢😢😢
It's not mao's policies which brought change, it was deng xiaping's
@@chnchrisbrainwashed.
@@vijayis619ignorant.
They are not comparable except population. At least in the foreseeable future.
At least with same population size, don't have to make a different GDP/Capita graph, or the excuse It's too big, like U.S does when asked why it can't have nice things.
it doesnt matter the population size if the country is DEVIDED, India doesnt have a national language, that says all. In today's India, there r like many countries inside of a country and they don't get along.
@@_seola_y du
@@_seola_ Thy do have a national language and it's English
The biggest dictatorship versus the biggest democracy.😂
make Asia great again!! we need peace, love india from china
China don't see India as a competitor anymore
Actually China never did see anyone as a competitor.
China's only competitor is the United States, other countries are not qualified to compare with the strength of these two countries
@@dahang7485 so true. When you run a race, if you look at other runners rather than your own steps, you will never be able to run your best. Simple as that. Growing up, what we are taught all the time is: don’t get distracted by others, work on yourself. China doesn’t want to distract or to be distracted. All it wants is to focus on its own development. That’s also one of the main reasons it develops so fast. It’s those who can not run as fast look at China as a competitor, not the other way around.
But truth is that they are competitors and India will catch up with China in 40 years.
Corrupt politician, corruption in Government sectors and Religion politics destroyed the India development
India very corrupt
what politicians are not corrupt?
Greatly credited to MM for opening up our economy to slump😅
No it was socialism during the license raj
@@grantchen2324 apparently Indian politicians are way more corrupted than Chinese ones.
But wait, according to the US media India is a super power and China is in a state of economic collapse
😂💀💀
As an Indian I can conform.... China is doing great...!... And the USA is just jealous....! (I'm jealous too actually 😅😅😂)
Most media outlets are just government mouthpieces and scammers
I advise you not to trust the American media, or you will become a fool.😂
According to western media China have been collapsing for the last 30 years and still collapsing now 😂
I have worked with some good Indian professionals India had some serious social systems issues that need to be fixed first before talking becoming world superpower! It’s not about the volume game!
China did its own thing and avoided American influence
The growth of Chinese economy post 1990 is phenomenal. The government invested on skill development and allowed private investors including foreign. This has turned them into manufacturing powerhouse of the world.
India is lacking in government funded education. Post 1990 private sector has taken over higher education. This has resulted in large section of people denied quality education. Government funded institutions are few. Then there is the issue of those who do get quality education leaving the country for better pastures.
True
Post 1990 just happens to be the collapse of the USSR thus opening up markets and Western investment into China.
Chinese economy grew in large part thanks to manufacturing and cheap labor which does not require high degrees.
@@Havok632 You need to understand why western capital chose China but not India ,at that time China already had a better industrial base than India in 1990
确实，是这样的，印度人还有几个能看懂的，可惜你们改变的了？
India will always be backward until the caste system is abolished.
现实是 中国既不民主也不独裁 既不是市场经济也不是计划经济 即不拥有自由也同时拥有自由 西方人的一分为二的哲学思想 永远也理解不了中国
老外也有三分法，党派也分左中右，他们一分为二是装傻和对外，自己内部都是中间派
China is today what it is cuz of West s investments in China😅
@@qwertyqwerty-zi6dr西方为什么不去投资南非、印度、巴西？
@@zhishuiniu910根据我以前对他们的了解，他们的回应应该是因为苏联帮助中国进行了现代历史上最大规模的工业化。
@@qwertyqwerty-zi6drwhy the west is aftaid to accept China's investment?
No,No,No, as a Chinese,I am envy Indias, I thinks India is No.1 in Asia. In fact,China can't compare with India.
then you're horribly mistaken. you dont know what it's like here.
If only india had more bold , proactive free thinking political leaders in 1970s-1980s itself ,the gap between china and india would have been very less...now it's too large to catch up soon ...
India have only religious fanatics as leaders, that's all they care about.
In 1970s we had war with West have a look at it Bangladesh liberation after that they isolated India for like decades 1998 and in 1990 Soviet for our economic growth fall at same time china got support by USA for a reason China respect Henry kissinger😂 that and Guy Henry kissinger hated India because we beaten them in war of 1971 even said sorry in 2017 that he said bad words for prime minister off the time he makes sure that India will get any manufacturing or any big industry in India even the destroy our early computer program there is so much you guys don't know
Your granddad is pooping in fields those days out of poverty and the governement did what they had to do thats why your are alive now and commenting in youtube in english
@@amalmathew9212unable to counter his argument you resort to abusing, truly pathetic
@@amalmathew9212that's proves India lacks visionary leadership if that was situation after 30 years of independence. Basic connectivity, infrastructure is still missing that China completed in their 80s. China got visionary leader but India was unfortunate.
My dear Indian Brothers, we need to work harder, we were pushed into multiple wars and planned hurdles still our previous generations did their best and made us a 3 trillion economy. Its our time to outperform Chin. Let's work extra hard, create companies, and innovate.
China fought more wars than "India". They suffered more than Indians. Yet they rose up and became strong instead of victimizing themselves and blaming others.
所以，六个月了，兄弟，你创建的公司在哪里?话谁都会说，要看你怎么做，不是吗？
India should not practice Western democracy. This system is not suitable for developing countries, such as India. Multi-party competition and fierce parliamentary fighting will make it impossible to implement national policies and seriously affect national development. No developing country in the world has successfully implemented Western democracy. The reason why China has been able to develop rapidly is because it rejected the Western democratic system, which enabled China to implement correct national policies. China is not a dictatorship. China's national policies are collectively planned by think tanks and are not decided by the president alone. As long as the policies are beneficial to the country, China will be able to implement them smoothly without any opposition parties standing in the way.
chinese would not b happy if you compare them with indian
India wouldn't be happy if you compare with pakistan
Because there is no comparison at all except population. China is way richer just to be compared with india. It's laughable.
And Indians on the other hand would be happy comparing themselves with Pakistan and Africa 😂
yes！
They are actually very comparable. India will close the gap with China in few years.
What happened in early 1990s would give a good insight as to why China just shot up and India just trickled through. Things are changing tho but there is considerable catching up to do.
I am Chinese. In 1989, China defeated the West's color revolution, which is often referred to as the Tiananmen Movement in the West. In 1990, it suffered comprehensive sanctions from the West, and its relationship with the Soviet Union was not good. In 1992, China determined a path centered on economic construction. To put it simply, this path means not to talk about politics, not to talk about taking the socialist road of the Soviet Union or the capitalist road of the United States, but only to talk about developing the economy, and do whatever can be done to develop the economy. As Deng Xiaoping said, "No matter whether it is a white cat or a black cat, it is a good cat if it catches mice." Since then, China's economy has developed rapidly.
after Deng Xiaoping's economic reform kicked in, there is no competition
In fact, since 1950s, China has been reorganizing and optimizing its assets at the national level, and terminated the premature capitalization and marketization of assets, which reduced variables and interference in the process of asset reorganization, which enabled China to prepare enough reserves for a historic leap and change after it resumed capitalization in 1990s. There is no magic or trick to get an economic rocket out of thin air. You must build a rocket engine first. What happened in the 1990 s and made the outside world curious was often only the moment when the rocket engine was ignited, which was only one-sided.
Things are changing though... change what? Before COVID China GDP was 5 times more and today it's 6 times more. What is changing exactly?
People are overestimating the damage this real estate bubble is doing to China. If anything, it'll encourage Chinese to stop overinvesting in real estate and instead invest in technology. That's where they want to be. And to top it off, with US sanctions and hostility, the timing is good because Chinese will invest in Chinese companies instead of American ones.
The problem in India right now is that Indians are too tied to the US. The very minute most Indians are wealthy enough, they want to invest in the USA instead of their own country. I see wealthy Sharmas bringing their entire families here and investing in American neighbourhoods and companies. I want India to do well, I really do. But many people in the global south are too quick to give up and lose faith in their own countries
China has done phenomenal job in all aspects, not just economy, I really admire their growth
I just can't understand why Indians like to compare with China, whose GDP is almost six times their own. Even some Indians believe that India is richer than China in the face of such data.😅
😂😂
Is India a competitor of china? NO
And did we say we r a competitor to China. Nope. Look the graph. Theres a massive difeerence in just 10 yrs.. and India now just has to stick to its growth rate for coming to par with china
Does India have a social credit score for each citizen? NO
China is compititor of USA
India is compititor of third world economies
Thanks to indian politicians for destruction of indian economy
@@limbo5190 Cruel reality: 'Social credit' is a absolute nonsense. It's a part of the foreign Internet's dystopian myth of China and a brazen lie spun by anti-China groups, derived from the Chinese government's licensing system for corporate loans. Even in the West your access to loans depends on your 'credit rating'.
May I say that you democracy also has a 'social credit' system?😅
@@limbo5190 r u a stvp$d? yes!
In a Democracy, it's hard to get consensus. Powers are distributed, which adds more red tape to the process. China is run by a council where a few dozen powerful members make decisions, which are implemented.
And those decision makers are actually elites and highly educated in their own field. Unlike in many democratic countries where clowns can be president or ministers.
When people have misplaced priorities, the country's priority will be different too
china's grow is like a exponential function
We are so behind but even after this, our valuable youth is wasting their time with comparing our self with Pakistan and focusing on Hindurastra or akhand bharat😢
😂😂😂😂😂
India if it realized it's leaders don't give two shits about them and did shit about it 📈📈
China and India both have a problem with corruption and big gap between rich and poor. Our common people should unite and defeat our common enemy
True. We are focused on challenging that tiny Pakistan while the real villain is growing fast
Vishwaguru 😂😂😂😂😂😂
China is really an Inspiration to the global south countries..
India cant do progress like china, because of Democratic system, but still good luck to all.. but hope, in future compounding will help growth and equal wealth distribution.. and also government action's forced by common people of India.🇮🇳
Never say never. China knows the future is in India and Africa.
Euhm Japan and South Korea are democratic systems. so... whats your logic here?
@@peter-xw1muThey have huge trade with america . Without usa and it's allies south Korea would be a part of NK
@@consciousness_7 Yes and South Korea would be like North Korea. A shithole. And how funny. You do know that the West made China so well developed right? The West invested in China. They saw China as cheap labour. They moved all production and manufacturing to China. Creating millions of jobs for Chinese people. And uplifting their wealth.
another illogical chinese supporter...
Indian growth stop due to minority favoring politics
Nah it stopped because mughals Britishers muslims china pakistan and so on.
@@kiteknight23 yeah, lets just keep blaming past, right? We should not blame any current point able flaws or itll make our india look bad. Lets just blame the past
India's primary goal should be taking U.S down but not beating China, because China has already surpassed the U.S based on PPP. 😅
India and China will never be friends
@@gont183心胸狭隘的人，我很乐意与友好的印度人交朋友和合作，不过很显然这里面不包括你😢
@@XXX400 I can't even see my comment to remember what I said 😂😂😂
China received huge outside investment and became the manufacturer of the world. India still is very restrictive on investment and has protectionist policies that make trade more difficult. Also the drive for government jobs doesn’t help the economy. You have your best people running the government in administrative jobs rather than running corporations. All these kids fight for a small amount of government jobs and spend years studying when the could start a company or climb the corporate ladder which adds to the GDP.
Xiaomi went to India and left crying.😂
@@user-jc8cy5tf2k Xiaomi currently has a 21% annual market share, while Vivo has 18%, and Samsung has 14%.
@@user-jc8cy5tf2kOP😂😂😂
印度赚钱印度花，一分别想带回家，印度最大的问题，我认为是上层的买办阶级
@@user-jc8cy5tf2k due to lack of standardized laws and very selectively punitive actions against foreign companies stemming from protectionism and geopolitical considerations that India’s bureaucratic government could freely employ and impose at their own will on a whim.
After 1990,China:bro,l will fly,see you
1990 Western propaganda: Without democracy no development in China
2000 Western propaganda : Without democracy no SUSTAINABLE development in China
2010 Western propaganda : No country can sustain growth indefinitely, China need "democracy" as a vent during downturn.. and.. blah... blah..
India's GDP is heavily distorted and overstated. Harvard University, one of the best universities in the entire world, said that India overstated their GDP by modifying their methodology to calculate GDP.
Just like Nitin Gadkati doubled the length of the highway by counting it as two-way 😂
@@nickblue11 scammer gen es.
Those who are crediting MM for Indias economy growth
One minute silence for them.😅
india developed well during 2004-14, gdp growth was 160% though there was a recession during 2008-09, it was a huge growth compared to what mudi did in this 9 years which is just 86% gdp growth yet bhakts like you think mudi is better than mms
@@TheRealTopG01 well said
@@TheRealTopG01 In Modi's time there is COVID, Russia-ukrain war, Israel Palestine war and recession in whole world and still India is the highest growing major economy in the world while in MMS time before the 2008 recession whole worlds economy was booming, not only India's but whole world's economy was booming especially BRICS countries, every BRICS nation was growing higher than India at that time.
It's crazy how much a gap there is since the population is about the same
In 1990, China's GDP was US$400 billion, and General Motors' annual output value was US$200 billion.
I’ve made many videos teaching Chinese language vividly and in a humorous way. I hope somebody can recommend my videos to those who want to learn Chinese. For beginners, Chinese characters may look complicated. But once you learn about 100 basic radicals, most characters become easy.
I hope more people can learn Chinese to get comprehensive firsthand information about China and most likely seek more job opportunities.
Know ourselves as well as our partners, competitors, adversaries…..
Biggest reason of indian economy decline was congress government of India who did not take a good action till 1990 and not get the chance to do start-ups. now new government NDA takes good decision like make in india and start-up india is very good design. But if it should be taken by before 90s it could my be more beneficial for india.
Nah they live in slums and poverty. Dont expect from them anything.
@@kiteknight23who lives in slums and poverty?
@@uttarakhandipahadi8947 bruh.... Forget it
@@kiteknight23 we have people that could buy your whole collective ancesterial wealth and we have people living in absolute poverty, whats your points? Racist
@@atharvatarreally? Then why india so pooor?
I really like your smooth data visualisation. Only the sound is to loud for me. But very nice.
Also the comments of the ppl are adding extra information on the graphic
I like this vlog 👍👍👍
From 2000 to 2013 the most wasted period for India. We had Govts in that time with out any strategy and was lazy and clueless.! more specifically 2008-2013 period was total disaster 🙄🙄
China's economic growth can be India's aspirations. Each will grow in its own way, there is no need to compare. Any progress for any country is good and worth celebrating.
Exactly.
Similar history and yet one developed so much more than the other. This is the difference between socialism and capitalism. India failed to develop because it is still reliant on Western capitalism, even after gaining independence from Britain.
Maybe u don't know anything about India the. The only reason china surpassed india was the nehruvian policy of socialism inspired from USSR. India was no a follower of West back than. Meanwhile china followed a policy of state capitalism and opened it's market before india. And that's where they got the lead.
@@anubhavgangwar1383i agree. China iq is more than 100. also reason why are they leading the world. Culture and ethics matters the most as well. Ur absolutely correct
@@anubhavgangwar1383are u a dumbass? Can you see the gap started around 1990, when India prematurely opened its markets to foreign capital without having developed its own infrastructure and human resource
It’s completely different history, we Chinese has pushed the invader and colonizer away from China. While India was under the rule of British for centuries. And UK has no interest in educating Indian populations. The biggest difference between China is not the economic, it’s massive literacy level that can sustain a massive skilled workforce that is a corner stone of our industry. The way the west keeps India down is to absorb the most capable and brilliant people form India and leave the most uneducated people in the country. Unless india government committing educating Indian people so they can build anything they need without the west, India will never surpass China or any western country. You may think you are free, but in my opinion west are taking your brightest children to fed their own.
In 2004 to 2014 China economy grown from 2 trillion to 10 trillion
5times but in the same period India economy grown from 750 billion to 2trillion only 2.6 times if India also grown like China between 2004 to 2014 by 2014 it will become 3.75 trillion and by now it will become 7.5 trillion.
Congress government did worst job in their period.
Can u share a similar data from 2014 to 2022
Chutiye kahin bhi politics karne lgte ho both parties are same 😂😂😂
@@mnsayeed999I doubt
@@mnsayeed999 atleast modi gov. trying to reach 5T economy in next 2 to 3 years .. Khangress still saying it is impossible....
@@rajeshmodi5731is this your data?
The development of each country depends on its history, culture, customs, religion and external environment. The political system is only a small factor. The professional official system that China has used for more than a thousand years may have more influence than the political system. The Chinese run their own country like a company. You have to start as a junior employee. When you perform well, you will be promoted until you become a manager of the country. And when you perform poorly, you will be challenged or even fired. As long as this feedback system works well, the country can maintain rapid development.
别多结实乐。瓤他闷资级解觉面得他们根筷敢尚。
@@s._3560呃…读你这段话累死人了😓
Agreed. On top of this i want to add:
Comparing *India to China* is akin to comparing *Bangladesh to Japan* , *Pakistan to South Korea* , *Sri Lanka to Taiwan* . One group is influenced by ancient Chinese culture, the others group is influenced by ancient Indian culture. One is Yellow the others is Brown/Dark. One is a Doer the other is a Talker. Two different class. The most developed country in ASEAN is Singapore, a nation populated by predominantly Chinese an East Asian origin. *Vietnam* a former China province (before it's was ceded to France) the southern most East Asian have the potential to be the next economic powerhouse, even their DNA is similar to southern Chinese.
One group collectively & consistently ranked within the world top 10 in IQ Test, PISA Score, University Rank & Mathematical Olympiad.....while the others group collectively & consistently ranked somewhere in the middle out of 100+ participant nation.
It's like comparing some Africans countries with Western Europe.
LOL
Well then the culture was entirely destroyed in India
Since India had one of the highest GDP a few centuries ago before Britishers happened to india
Political system is the main factor. China is autocracy while India is democracy. All land in China is owned by govt same is not for India. China has banned foreign apps and their people can't see what is happening outside and even inside internet is under ccp that is not for India. Also China opened in 1978 India on 1991
You guys cut all the crap. China is poor, India is No.1. India has superman PM and Bollywood, India is No.1
It's not right to compare India to china.. Way beyond comparison... Both countries have things to learn from each other. Good thing is that both countries are growing and posing challenges to west.
Yeah china is light years ahead.
Just goes to show how congress goverment screwed Indias development royally.
you forgot bjp
I Dont see any difference after BJP came to power from this graph
@@Joseph-cf2wdNehru to Rajiv rule completely destroyed development through Socialism. Vajpayee's reforms combined with 1991 liberalisation made India grow so fast. But during the Manmohan Singh rule inflation reached all time highs, due to their big spending.
BJP governments have kept inflation low, even the corona caused inflation is lower than the inflation under Manmohan.
This graph doesn't show the whole picture, for one the Chinese overreport their GDP for sure, and the currency conversion to dollars makes the Indian economy seem extremely small. Compared in the PPP method India's economy is slightly less than half the size of the Chinese economy
still they will vote to congress. God only save India. If Modi lose in 2024. Freebies
We dream of 5 trillion economy not competate China.
@@panzerofthelake506 even with adjusted inflation, economic growth under manmohan government is higher than current modi government.
Since communist liberation of China in 1949, China's GDP has always been more than India's, because most of the products and services were given out free to the people, those didn't have monentary values attached to them so they weren't counted as GDP.
Free things such as food, housing and clothing were given out freely to the people, and free services such as electricity and medical services, not counted into GDP.
Those are counted as government spending. No need to spin.
@@jkselama9715
Neither those were spending because all those things weren't attached to any monetary values!!
@@Anonymous------meaning, only the cost is counted, but the product itself isnt counted.
@@eleethtahgra7182
There was no monetary cost because everything was done without involving money under communism. People were given all the necessities free without involvement with any monetary cost. That was the type of communism then. Money was mostly for buying supplies and resources from other countries. GDP accounting was not done in monetary values but in actual quantities of products.
@@Anonymous------ ah. So while the material product itself is counted, the service isnt counted cos it doesnt appear as money. And therefore, the real gdp is actually higher than recorded cos it doesnt count the free utilities.
No matter what anyone says but China gdp is real and not fake
@IndianStreetShittersPajeet What did I do to you? I know that China gdp 5 times of India
Only difference between India and China is political system. Indias has democracy and its historical proved that democracy never uplifted any country in the world.
@@LLL-hh5el这个世界是荒谬的。
民主?苏联才从这个世界消失33年。
我不知道历史是如何被篡改的?
在冷战期间，美国和苏联的对抗，号称是自由世界和民主世界的对抗，美国是自由国家，苏联是民主国家。
所谓的意识对抗，就是自由和民主的对抗。
民主从来不是选票政治。
曾经，你们听到民主社会就谈虎色变，现在却说民主，
西方人不是搞笑吗？
There are many developed countries with working democracy. Also democracy needs literacy and education to work. Which is why the condition of india are today like this.
印度人确实脑回路不一样
形式上的民主没有用，中国是全过程民主
@@lugartan3418落后的国家频繁选举有什么用呢？
In this comment, what makes me laugh loud is the fact that Indians are more concerned about "lack of democracy" in China than Chinese people. Most probably China developed that fast because it has such a concerned neighbor🤣.
Couldn't find such comments..the ones that I saw are actually praising China it's growth...you must be from the delusional country of paxstan
I think china deserves credit to pull country out of poverty and fast using whatever methods.
But i think china should consider resolving the dispute and becoming friends with India. It will shake the western world and China can rely on a stable government for route to the Indian Ocean. Somewhere this trick is missed by the Chinese
As Chinese, we have been invaded and sanctioned by the West. We have lagged behind too much. We have too much to learn. Each of us must study and work hard. And stay healthy.
中国从来没有把印度当作对手，这个比较没有意义。
但是他們就是想比呀 那就讓他比唄 反正比了自己受傷
@@heimuk India don't want to compete with China... we Indians just want to develop our country slowly but strongly but I request ur government not to destroy our success by creating more problems.
@@alansmods1775在藏南（或者叫阿鲁恰纳尔）问题上，英国殖民者留下的历史遗留问题让中国和印度有这难以避免的冲突，但我相信这不会是主要矛盾。
@@justsayori7187Matter of time, when Tibet, Xinjiang, Macau will be liberated. ✌🏻
@@alansmods1775 China's core interests lie in Taiwan and do not care about India at all.
China on 17 and India on 2. No comparison.
Lol, mentioning China and India aka Rapistan in same line?????
man, thats too bold of yo callinf india rapistan. ik it has many cases of it dosnt mean all indians are r*pist.
India needs a political system like China, China system suits country with large population
I don’t think India has the kind of government technocrats to execute the system like Chinese government do. We have been practicing centralized statecraft for millennia. I am not looking down on India, just an observation.
印度宇宙第一，不容反驳，来自中国的爱。
韩国人表示不同意🐶
連蜥蜴人都同意
Human rights vs hanuman rights - compromised forever!!
Fun fact: Many people were looking for India to catch up with China from 2014
Nope only you think by the bjp is far far better than congress
BJP is bad party
Rest are Worse
All thanks to Congress china went ahead of us
democracy doesnt mean being advanced or getting rich
We’ll keep sending your brightest people to the west then. It can’t be helped! All for democracy right? You give keep give west your most precious things.
"Appear weak when you are strong, and strong when you are weak” - Sun Tzu, The Art of War
China's Prime Minister once said that without political reform, economic reform will never be a great success. This statement also applies to India.
Tiger will never beat dragon
So glad to see this comment section full of talented economic and sociology experts.
2018 News: Malaysian Ananda Krishnan dream of India riches turns into US$7 billion nightmare
I am surprised, the two countries were neck-and-neck as late as 1987.
Don't forget, China by that time far extremely worse then China if compared it to 1960 :
Generally China since Opium war and for 100 years always living in absolute catasthropic condition, The Century of Humiliation is No Joke, Since Opium War defeated China, Qing Dynasty embroiled huge massive civil war that Killing 50-60 Milion in total, Combining Famine and Flood killing Milion Again, And then added boxer rebellion & 1911 Revolution into Republic, Even for Republic from 1911 until 1937 its embroiled with Civil War,Warlord and Insane Disaster that already killed Milion again,
And then, Japanese Invade China by actually genocide and butchering 30 Milion Chinese and Displaced 95 Milion Chinese for 8 years causing countless city destroyed and damage,
And then after Japanese surrender Civil War broke out ended PRC Victory by Mao, Under Mao at first China experienced rapid re building and recovery on 1950-1960, When Milions again died after Mao Miscalculation and Mao launch Brutal Cultural Revolution.. That actually change chinese society,
China by 1950 despite re building, Its absolutely still utter ruin compared India,
And China reemerged under Deng Xiaoping and surpassing India all in 1990s
China curve is so parapobolic from 1990. Impressive.