Rjesh RJ How? Is it geographically,demographically, economically or in terms of defense, or maybe technologically. How can you call world's 2 most populous nations of the world , geographically bigger in top 10, economically stronger , technologically advanced, more disciplined than US & Europe , demographically diverse nations little? Or may be you were comparing in terms of Porn produced, drugs consumed, racist hatred, jobs lost, economic catastrophes, mounting crimes!
The professor is being facetious. He certainly knows the size of these Asian giants. It's the self-obsessed American public that has never looked over the Eastern horizon beyond Europe.
Dear professor, China is the 3rd largest country by area and India is the 7th largest... How could these countries be little countries? Didn't do your homework?
Also to make lives better, US believes in waging a war. It's high time we consider scientists & Carl Sagon as gods & help the ideology of the Zietgiest movement. -- After all I'm just an open source developer from Bangalore (India).
Unfortunately the US education does not teach much of international history or even it's own national history that it is not comfortable with hence the lack of knowledge of other countries. It is a shame though that even a University lecturer cannot go further than the the world wars to understand business and trade, nor the ideas of CNN being the major news focus of the world. CNN is not watched throughout the world, and pre the world wars their was a history that would astound you. India and China were never developing countries, they were emerging economies. India was one of the richest countries in the world, and, since ancient times was known as the golden bird.Britain's economy was created through Indian money, so much that they created the poverty you see India suffered. India although rich never invaded another country but created it's wealth by knowledge and innovation. The numbers you use, calculus, pye, physics, philosophy, .manufacturing, agriculture, sciences, medicines, plastic surgery, navigation (ancient Sanskrit Navgarth), they even had time to invent games like chess and snakes and ladder, and even the card games you know now.That was India not the poverty stricken nation that Britain stole from. However as you see, Indians believe in Karma, and yes, yet again Britain comes knocking on the door to trade. True Karma, India will regain it's position it held for thousands of years in less than the short time Britain looted us and became the nation it is now.
I hope world will make sure Britain pays off for its deed of holding the crown of racial discrimination. It's founder. Britain must pay its price for killing the Africans, Indians,......Asians for the color.
Schrodinger's Cat if we join hands....they will pee their pants🤣🤣🤣!then there is Russia....if Russia comes to our side....we cud take the whole world by force.thats the strength we hav now but lets nt b bullies coz we want every1 to live in peace
Ritesh Kumar Productivity is not the only factor. Yield? Countries like Japan have lower production but one of the highest yield. Our country needs to improve on yield.
He starts by saying 2 little countries India & China lol and this is a professor in the us, now imagine how intelligent a American peasant is lol I rest my case.
china and india....5 letters each...seems little compared to united states of America. .... silly logic isnt it....well so is what u r saying. ...he meant power n economy. ...certainly were small in that aspect bk then .... since he is speaking english maybe u should understand how it works b4 poking at it....
+TameTusker Silly check. if you count just by land mass, china is bigger. for some reason, only the US's area includes the water around it. check and you'd know i'm not BS-ing.
What the west forgets easily is that, Indian followed by Chona were the No. 1 & No. 2 economies of the world for the last 2000 years barring the last 150 years.
This looks like a great talk....and it acknowledges something that I feel about western millennials....they've grown up 'assuming' they're the greatest, richest, most innovative....yet...the lives that they will experience will be different from what they had assumed growing up....there will be tremendous competition....and this idea that they were more intelligent was an assumption....they weren't more intelligent...they were more murderous and destructive...220 years with war out of 240 years of independence....that's america......and now in the era of nukes..that's out of window....western millennials are going to have it pretty hard...
Why are you so serious we got indipendence just 70 years ago . And you are compering India with USA . It's just a beginning . Soon India will become superpower .
2011 remittances were about 3.7% of Gdp and I do agree about multiplier effect. And please be very clear that I am not discounting NRI's value in India growth. My point is India is a developing country and at this point it requires any source of income it can get. In India NRI contribution is higher than global average that is helping India but it is also true that the chances of this average coming down is less as more Indians become mobile there will be more remittances to keep pace with gdp.
Secondly, from what I hear from my friends that are in charge of projects and what I see personally is that our Hiring Departments are failing us. Time after times I hear friends complain that they hand pick a resume only to have HR give them someone else. Evenly their projects become loaded with unqualified candidates who for them most part are there because of some sort of family relationship. One friend of mine has changed jobs twice because of this. Hiring needs to be rethought.
Productivity is a result of Efficiency, and not energy efficiency like some are talking right now, but COMPLETE Efficiency...if you don't know the Baselines of your business how can you improve it?... if your Equipment isn't kept and operated properly how can you depend on it?...if your organization has no effective worker’s communication & training how can you get people to do the right things?...get it? Process, Equipment, Personnel, the core elements... get the Industrial Efficiency Triangle.
Jean Claude Bailley - cont. " Hindu astronomic systems were much more ancient than those of the Greeks or even the Egyptians the movement of stars which was calculated by Hindus 4,500 years ago, does not differ even by a minute from the tables which we are using today." And he concludes: "The Hindu systems of astronomy are much more ancient than those of the Egyptians - even the Jews derived from the Hindus their know There is also no doubt that the Greeks heavily borrowed from the "Indus."
Meanwhile there is one thing I would like to add. I do believe that there is a parralel black economy in the country which maybe equal to current Indian economy. If govt. could by anyway curb that and change that economy into white, I am pretty sure that it will reap rich benefits for India. I personallyknow some people who are trying to do that. Most of my friends belonging to business families are trying to make their business fully in white. I believe this will help a lot.
@BonhommeHero You did not understand correctly. He was making a point that at one time in the past that american business thought of India and China as little countires not in population but little in the way of economic growth, he never says that China or Inda were incapable, he even states that they represent 40% or the world population.
If that is definition of intelligence,that is not what you need,Intelligence should be being impactful & creating a vision where the society embraces the idea.It is like what lee kuan yew did for singapore,he is my all time favorite.He was a very smart guy who integrated his country very well carrying many ethnicities to his goal for his country & raised his country men's percapita income by 2000% in just 20 years.
Aryabhatta is sometimes called the "Father of Algebra" instead of al-Khowârizmi (who himself cites the work of Aryabhatta). His most famous accomplishment in mathematics was the Aryabhatta Algorithm (connected to continued fractions) for solving Diophantine equations. Aryabhatta made several important discoveries in astronomy; for example, his estimate of the Earth's circumference was more accurate than any achieved in ancient Greece.
Jean-Claude Bailly (1736-93) 18th century French astronomer and politician. His works on astronomy and on the history of science (notably the Essai sur la théorie des satellites de Jupiter) were distinguished both for scientific interest and literary elegance and earned him membership in the French Academy, the Academy of Sciences, and the Academy of Inscriptions. Bailly had already noticed that:
I wish I could be as confident as you that NRI remittances will continue to grow. What I've seen overseas is that Indians settled down in Europe and North America are increasingly investing locally. The Gulf countries are trying to reduce their "guest worker" population. Better to plan for a decrease than to depend on an increase.
@burnstagger I am going to visit india next month actually. The aim is to learn about ancient indian mathematics - the very basis of todays mathematics. The earliest works on triganometry, calculus, integers, decimals, the vaue of pie, concept of zero etc.. What Einstein called the indian basis of all modern science and mathematics.
I agree that it is better to plan for a decrease rather than depending upon an increase. But I am very confident that NRI remittances will remain a significant portion in GDP for a longer time frame. From what I have seen more and more people are going overseas for jobs or business and they will continue to send money back.
Yes India is to big to be a new japan but at present because of large indigenous population, India can continue growing internally with its own population serving as its growth engine which has been evident from what India has achieved till now. Maintaining a growth rate of 6+ should not be a very big problem for India and with right policies it can continue to be growing at a healthy rate.
I think there is some mixing of truths here. The reason India and China are doing well is because their corporate earnings or not constantly raided by CEO's and large unreal bonuses. These profits are reinvested back into the companies in updating equipment. A good pay out from cleared profit is only about 5% until a 5 year operational capital is obtained. Way more than that is being offered up as bonuses. This is why Apple and not GE is doing so well.
I still stand by my " pure business basis". It was said in context that american corporation are not doing any charity by investing in India but have benefit in these investment and any transaction which is done for your own benefit is on business basis. My simple point was that it is not american investments which shape India's growth story(good or bad). You yourself has said stated this fact in this post.
Professor H. G. Rawlinson writes: " It is more likely that Pythagoras was influenced by India than by Egypt. Almost all the theories, religions, philosophical and mathematical taught by the Pythagoreans, were known in India in the sixth century B.C., and the Pythagoreans, "It seems that the so-called Pythagorean theorem of the quadrature of the hypotenuse was already known to the Indians in the older Vedic times, and thus before Pythagoras (ibid). (Legacy of India 1937, p. 5).
I think the government should remove incentives for people to conceal money. Most people would rather pay a reasonable amount of tax and live free of fear or guilt. The largest transactions in India generally involve real estate. The stamp duty is really outrageous, one of the highest tax rates on real estate transactions in the world. This encourages people to conceal the value of the transaction, and that money continues to remain in the shadows. Just one example. No space here to say more!
China and India are beating Us in it's own game. You are not even in the game, little Indians were studied in the university of Takshashila 2,300 years ago, where was the big us then
2011 remittances were about $70 billion, or around 5% of GDP. NRI remittances come in with no strings, i.e, they are not repatriable and they are not payment for goods. There is a multiplier effect which is generally placed at around 4 times. So about $280 billion in GDP is generated through NRI remittances. In a 1500 billion economy, that is quite critical. Japan, South Korea, China, Taiwan, etc. also have huge oil import bills. Gold is not an essential import, but an Indian obsession.
Dear I do believe that instead of looking at absolute numbers, you should look at % references as it will give a more clear picture. India's debt has been decreasing consistently from a high of 82.2% in 2002 to 68% in 2012. Yes external debt has increased but that is still very much under managable limits. If you study world bank report 'Global Development Finance, 2012', it says in terms of ratio of external debt to gross national income, India’s position was the fifth lowest.
Aryabhata continued....He was among the ancient scholars who realized the Earth rotated daily on an axis; claims that he also espoused heliocentric orbits are controversial, but may be confirmed by the writings of al-Biruni. Aryabhatta is said to have introduced the constant e. He used π ≈ 3.1416; it is unclear whether he discovered this independently or borrowed it from Liu Hui of China. Among theorems first discovered by Aryabhatta is the famous identity Σ (k3) = (Σ k)2
Georges Ifrah - French historian of Mathematics and author of the book, The Universal History of Numbers "The Indian mind has always had for calculations and the handling of numbers an extraordinary inclination, ease and power, such as no other civilization in history ever possessed to the same degree. So much so that Indian culture regarded the science of numbers..A thousand years ahead of Europeans, Indian savants knew that the zero and infinity were mutually inverse notions."
His "Chakravala method," an early application of mathematical induction to solve 2nd-order equations, has been called "the finest thing achieved in the theory of numbers before Lagrange" (although a similar statement was made about one of Fibonacci's theorems). (Earlier Hindus, including Brahmagupta, contributed to this method.) In several ways he anticipated calculus: he used Rolle's Theorem; he may have been first to use the fact that dsin x = cos x · Website: GMOT
Wallis casts doubts on Diophantus’ contribution to modern algebra. He even launched the idea that Arabic algebra may have originated from India (Wallis 1685, 4): However, it is not unlikely that the Arabs, who received from the Indians the numeral figures (which the Greeks knew not), did from them also receive the use of them, and many profound speculations concerning them, which neither Latins nor Greeks know, till that now of late we have learned them from the indians
In my opinion concealing money is rooted deep within people as well. There are many instances of people asking goods without bill or faking expenses. Real estate is one major thing but in that to like in our city, builders are selling on bill but then there is still black done by people on premium in secondary market. For country, both govt. and people should change their mindset. I do believe that if govt rationalises tax rates, then more people will be willing to pay full amount via banks.
I think you need to focus on the response. You said that corporations invest in India on "pure business basis". I showed that is not necessarily the case. As far as investing in other countries, look into how much India receives in FDI as a global percentage. For 2011, India received 4% of global FDI. Your insinuation that India is receiving a disproportionate share of FDI is not rooted in fact. Also note that FDI from Mauritius is very likely Indian black money.
We never can have a true view of man unless we have a love for him. Civilization must be judged and prized, not by the amount of power it has developed, but by how much it has evolved and given expression to, by its laws and institutions, the love of humanity.
As I turn something around 35 and I'll be 100% ready 4 the astronautic of space engineering, IIAE Dehradun. It is cleared that Indian education systems has no match(hardest perhaps the best)My friends who got them self graduated says that they are jobless due to the lack of in depthness in their science and it was a long on-going discussing about that issue and it is not letting them to join the IIAE. I don't say all but some like U.S.' education system proved that its not stronger as Russia,etc
you dont understand do you? US is saturated with its high standard of living, for instance, minimum wage in the US 8$/ hour ? well the minimum wage in India/china for the DAY is say 3-4$ . if we go by what you say, the iphone would easily cost around $10,000 if it was not made in china
US actively pursued innovation to the extremes of welcoming talent from world over irrespective of whether it was at war with those countries (Russia) or those countries were poor and not english first speakers (India, China) or it seemingly had ethical issues with the country (Nazi Germany) AND creating superb R&D, edu institutions (Anthropology, Ivy League). But, it lost its way not when it gave preferential treatment to Ivy Leagues or selected financial and economic pvt. entities but when it started preventing access to quality education by high fees, letting pvt. entities rob the economy and make citizens poor with every scam/lobby, and using preventive visas (H1B) to stop free flow of talent. It is a typical scenario where America toiled its way to become world's best (with excellent measurement, benchmarks and creating standard processes) - reached the top and started feeling infallible where every country wants to be a part of it, citizens feel pride and sync Great America despite visible shortcomings and straying from the path - now, its on the decline. Wont say its a downfall but its its own policies domestic and international, interfere with it as a sink of good policy-talent. Also, the widespread unnecessary wars just to keep its military and drug economy going, literally killed its own country. Just that its talent and culture of innovation was fostering its war, drug efforts. The moment latter started eroding the former, US growth stopped. Its more a rot than a decline.
Chinese stock markets are unpredictable due to government policies, the index fell from 6000 in its peak in 2007/08 and is now hovering under 2000. Did chinese economy tank in the meantime? No, it has doubled since the GFC.
The educational comparison is simple. In China and India, the parents have to pay for their child's or children's education. While, in the US, the parents taxes payment or other taxpayers, have already covered the cost of schools and supplies such as books. Point is, Chinese/Indian parents are more strict on their child's or children's education than American parents. My mother is Asian and sort of old tradition. So, I know the consequences for sacking off.
I'm an Indian living and working in India. I have work experience from overseas as well. Trying to incorporate that experience to improve things here. Btw, I'm a guy, so if you are a guy too, "Dear" is not appropriate! Not trying to be a douche, but it just seems weird! :)
External debt has to be serviced with international currency, regardless of the percentage of GDP that it is. India does not generate enough through exports alone to service its external debt after paying for imports. It doesn't earn enough in exports to pay for imports, let alone service debt. Debt servicing is accomplished via remittances, FDI and restructuring of debt. In the long term, without massively boosting exports and tightly controlling imports/outflows, it is a zero sum game.
Okay, my bad! I thought in terms of India providing better business conditions than the US, which is not the case at all. Infrastructure is still horrendous, and bureaucracy is unbelievable. I'm waiting for a clearance that should have taken 2 weeks tops and it's almost 200 days. If I wasn't Indian I would be long gone. I'm hoping to meet someone who can really take a hatchet to the red tape! Not for me, but for everyone. I've looked at the rules, and it's like they were made as obstructions.
It is not as straight as you think it is. India have reserves of about 300 billion $ and trade deficit of 21billion $ in Q2. India has been able to consistently manage its debt payment as well as its import obligation while having trade deficit. Imports are very high in relation to exports beacuse of oil and gold. But this will rationalise as oil prices rises and people look for other sources of energy. Already gold imports have been significantly reduced on account of higher tax and high price.
According to Voltaire, "The Greeks, before the time of Pythagoras, traveled into India for instruction. The signs of the seven planets and of the seven metals are still almost all over the earth, such as the Indians invented: the Arabians were obliged to adopt their cyphers."
for a developing country that debt is high ,but it shouldn't be a problem that big, i think if we are talking problems in india is overpopulation, pop per square kilometer ,that means few resources for the future development and so huge imports of raw materials if india will ever develop,were are those going to come from? what will india trade with? when you have a density like japan you need to be a technology hub ,to give high quality goods for raw materials, india is to big to be a new japan.
I am sure you are a very well read chinese, over 5 years your shanghai composite has added how much down 35% or up 50%.You know the government can get things wrong,everybody can get things wrong but the markets will never get things wrong as all efficient players assess & put a measure what potentially things need to be measured.
One last thing for the day. The language that ancient indians spoke was called Sanskrit - now widely considered the mother of all indo-european languages. So thank us also for producing your language for you. Good Night. Please take a look at Vedic Mathematics etc. for further knowledge.
Pythagoras's theorem discovered in India in 800 BC according to renowned historian Dick Teresi. author and coauthor of several books about science and technology, including The God Particle. He is cofounder of Omni magazine and has written for Discover, The New York Times Magazine, and The Atlantic Monthly.
As where NRI remittances are concerned, it are significant but that does not mean that India runs on that money. Global average is 1.9% and India has 3%. So it is not like India is totally dependent on that money, although contributions of NRI cannot be denied in any case and its great to have them. The main problem of trade deficit in India is because of Oil import and gold and India do not have both. So curbing this deficit will be a big problem for India but it can be done as done with gold.
yeah sorry about that...just a habit. And it is really nice to know that you are trying to do something at your level. If everyone does something things will get only better.
@SilkRouteTrader You did not understnd correctly. He was making a point that at one time in the past that american business thought of India and China as little countires not in population oe size but little in the way of economic growth, And then they were proven wrong.
India and China were once the richest countries in the world. So I guess what goes around has to come around.
#reversaloffortune
mohan yah.... history repeats itself....India next superpower...within 2025
Thats karma..indian philosophy
Nice one bitch
More lies and propaganda.
If India and China start playing this game together instead of trying to stop each other...THEN THE ASIANS WILL RULE THE WORLD AGAIN!
Yeah that's right but it not going to happen
competition with each other will make both of them better
Sure now that you've stolen all the western industries. Bank robbers are successful too.
@Probal Halder exactly people are good in both countries. The govt is fucked
@Probal Halder yup .
First they ignore you,
Then they laugh at you,
Then they fight you,
Then you win.
-Mahatma Gandhi
wow
China and India are not little countries Professor :)
Rjesh RJ How? Is it geographically,demographically, economically or in terms of defense, or maybe technologically. How can you call world's 2 most populous nations of the world , geographically bigger in top 10, economically stronger , technologically advanced, more disciplined than US & Europe , demographically diverse nations little? Or may be you were comparing in terms of Porn produced, drugs consumed, racist hatred, jobs lost, economic catastrophes, mounting crimes!
Rjesh RJ indi nd china r not smaller...read geography frst..then comment....their size in top of the wrld...
The professor is being facetious. He certainly knows the size of these Asian giants. It's the self-obsessed American public that has never looked over the Eastern horizon beyond Europe.
@@rajeshrj3867 China is larger than Europe dude
@@rajeshrj3867 keep updated! XD
Brazil is four times India.
China still larger than that.
And India is itself so huge and gigantic.
Little countries!?
Tujhe kuch nahi atta hai Brazil is almost 2 of us not 4 times
Compared to China🇨🇳 and India🇮🇳, Brazil🇧🇷 is nothing. Area 🇧🇷1:3🇮🇳 and population 🇧🇷1:8🇮🇳. And 🇨🇳 is still bigger.
Dear professor, China is the 3rd largest country by area and India is the 7th largest...
How could these countries be little countries? Didn't do your homework?
That's why they r dependent on India and China.....a 50 -60 year old professor doesn't know the facts what will he teach to students
secular_banda innotech001 he just came out of the caves.So what do we expect from a guy like this...nothing.
he is being sarcastic.........
Its just a way of saying..little car...little bla blah. Its just sth people say randomly. Lidle means nothing when said that way in that tone.
innotech001 It was just a figure of speech. Not to be taken literally. He's looking for emphasis through irony.
I failed to understand the headline of the topic - "Our own game ?" Please clear the Debts ASAP before another war. People are not dumb anymore.
Also to make lives better, US believes in waging a war.
It's high time we consider scientists & Carl Sagon as gods & help the ideology of the Zietgiest movement.
-- After all I'm just an open source developer from Bangalore (India).
Unfortunately the US education does not teach much of international history or even it's own national history that it is not comfortable with hence the lack of knowledge of other countries. It is a shame though that even a University lecturer cannot go further than the the world wars to understand business and trade, nor the ideas of CNN being the major news focus of the world. CNN is not watched throughout the world, and pre the world wars their was a history that would astound you. India and China were never developing countries, they were emerging economies. India was one of the richest countries in the world, and, since ancient times was known as the golden bird.Britain's economy was created through Indian money, so much that they created the poverty you see India suffered. India although rich never invaded another country but created it's wealth by knowledge and innovation. The numbers you use, calculus, pye, physics, philosophy, .manufacturing, agriculture, sciences, medicines, plastic surgery, navigation (ancient Sanskrit Navgarth), they even had time to invent games like chess and snakes and ladder, and even the card games you know now.That was India not the poverty stricken nation that Britain stole from. However as you see, Indians believe in Karma, and yes, yet again Britain comes knocking on the door to trade. True Karma, India will regain it's position it held for thousands of years in less than the short time Britain looted us and became the nation it is now.
I hope world will make sure Britain pays off for its deed of holding the crown of racial discrimination. It's founder. Britain must pay its price for killing the Africans, Indians,......Asians for the color.
Anyway, It's too late for all this. But the world must never forget what west has done to them.
by what measure they look like 2 small countries
I think it's GDP per capita.
For fuck's sake, asians unite (especially India and China)!!
Yeah if Asians unite then its just hell for west..
India has always tried to join hands with China. but china always deceived us
Yeah true
Yeah ryt !! BRICS could do
Schrodinger's Cat if we join hands....they will pee their pants🤣🤣🤣!then there is Russia....if Russia comes to our side....we cud take the whole world by force.thats the strength we hav now but lets nt b bullies coz we want every1 to live in peace
India has the largest area of irrigable land in the world
Yes.
+sailesh kapair
Agricultural productivity? Abysmal !
Azzy do check india agricultural production. Please.
Ritesh Kumar
Productivity is not the only factor. Yield?
Countries like Japan have lower production but one of the highest yield. Our country needs to improve on yield.
The fuck is irrigable land. You meant arable?
He starts by saying 2 little countries India & China lol and this is a professor in the us, now imagine how intelligent a American peasant is lol I rest my case.
It was sarcasm
Two little country!!! China is larger than USA and India is 7th largest country!!!
Tania Majumdar I think I just found what I was looking for, we need to talk :)
Tania Majumdar China is SLIGHTLY smaller than the US?:)
china and india....5 letters each...seems little compared to united states of America. .... silly logic isnt it....well so is what u r saying. ...he meant power n economy. ...certainly were small in that aspect bk then .... since he is speaking english maybe u should understand how it works b4 poking at it....
+TameTusker Silly check. if you count just by land mass, china is bigger. for some reason, only the US's area includes the water around it. check and you'd know i'm not BS-ing.
Tania Majumdar ekobingso sotabdi Bharot er.....
"two little countries" haha 😂 LOL
India and China? Small countries?
What the west forgets easily is that, Indian followed by Chona were the No. 1 & No. 2 economies of the world for the last 2000 years barring the last 150 years.
LOL 2 little countries which represent 40% of worlds population. Blackie teaching the world.
***** well Do not be racist just hate every one equally
well u two have no clue about sarcasm, because this guy made a joke, u just didnt get it.
Lol
The guy must have been a Christian Faith preacher before, that's the way they all speak.
India was so much rich in ancient times .....
India was also known as golden bird in ancient times
Professor, Can you explain me what do you mean by saying TWO LITTLE COUNTRIES? I can not understand this. thank you in advance.
lets all work and the best COUNTRY WIN!!!!!!!!!!JAI HIND!!!!!!!!!!!
This looks like a great talk....and it acknowledges something that I feel about western millennials....they've grown up 'assuming' they're the greatest, richest, most innovative....yet...the lives that they will experience will be different from what they had assumed growing up....there will be tremendous competition....and this idea that they were more intelligent was an assumption....they weren't more intelligent...they were more murderous and destructive...220 years with war out of 240 years of independence....that's america......and now in the era of nukes..that's out of window....western millennials are going to have it pretty hard...
I am actually laughing at people mad about "little countrys"... maybe someone needs to teach people the meaning of metaphor... 😂😂😂😂
Why are you so serious we got indipendence just 70 years ago . And you are compering India with USA . It's just a beginning . Soon India will become superpower .
2011 remittances were about 3.7% of Gdp and I do agree about multiplier effect. And please be very clear that I am not discounting NRI's value in India growth. My point is India is a developing country and at this point it requires any source of income it can get. In India NRI contribution is higher than global average that is helping India but it is also true that the chances of this average coming down is less as more Indians become mobile there will be more remittances to keep pace with gdp.
Secondly, from what I hear from my friends that are in charge of projects and what I see personally is that our Hiring Departments are failing us. Time after times I hear friends complain that they hand pick a resume only to have HR give them someone else. Evenly their projects become loaded with unqualified candidates who for them most part are there because of some sort of family relationship. One friend of mine has changed jobs twice because of this. Hiring needs to be rethought.
India is a 10,000+ year old civilization when your country was living in stone age or what.
Productivity is a result of Efficiency, and not energy efficiency like some are talking right now, but COMPLETE Efficiency...if you don't know the Baselines of your business how can you improve it?... if your Equipment isn't kept and operated properly how can you depend on it?...if your organization has no effective worker’s communication & training how can you get people to do the right things?...get it? Process, Equipment, Personnel, the core elements... get the Industrial Efficiency Triangle.
2 little countries ---> he is being sarcastic..
So what if he is black he is lot more intelligent than the commentators are.
Jean Claude Bailley - cont.
" Hindu astronomic systems were much more ancient than those of the Greeks or even the Egyptians the movement of stars which was calculated by Hindus 4,500 years ago, does not differ even by a minute from the tables which we are using today." And he concludes: "The Hindu systems of astronomy are much more ancient than those of the Egyptians - even the Jews derived from the Hindus their know There is also no doubt that the Greeks heavily borrowed from the "Indus."
Meanwhile there is one thing I would like to add. I do believe that there is a parralel black economy in the country which maybe equal to current Indian economy. If govt. could by anyway curb that and change that economy into white, I am pretty sure that it will reap rich benefits for India. I personallyknow some people who are trying to do that. Most of my friends belonging to business families are trying to make their business fully in white. I believe this will help a lot.
@BonhommeHero You did not understand correctly. He was making a point that at one time in the past that american business thought of India and China as little countires not in population but little in the way of economic growth, he never says that China or Inda were incapable, he even states that they represent 40% or the world population.
If that is definition of intelligence,that is not what you need,Intelligence should be being impactful & creating a vision where the society embraces the idea.It is like what lee kuan yew did for singapore,he is my all time favorite.He was a very smart guy who integrated his country very well carrying many ethnicities to his goal for his country & raised his country men's percapita income by 2000% in just 20 years.
The fact that there are more Indians commending here than Americans tells you something
Aryabhatta is sometimes called the "Father of Algebra" instead of al-Khowârizmi (who himself cites the work of Aryabhatta). His most famous accomplishment in mathematics was the Aryabhatta Algorithm (connected to continued fractions) for solving Diophantine equations. Aryabhatta made several important discoveries in astronomy; for example, his estimate of the Earth's circumference was more accurate than any achieved in ancient Greece.
Jean-Claude Bailly (1736-93) 18th century French astronomer and politician. His works on astronomy and on the history of science (notably the Essai sur la théorie des satellites de Jupiter) were distinguished both for scientific interest and literary elegance and earned him membership in the French Academy, the Academy of Sciences, and the Academy of Inscriptions. Bailly had already noticed that:
I wish I could be as confident as you that NRI remittances will continue to grow. What I've seen overseas is that Indians settled down in Europe and North America are increasingly investing locally. The Gulf countries are trying to reduce their "guest worker" population. Better to plan for a decrease than to depend on an increase.
how wrong have these assumptions out to be
At 0.56..
Wait what you said... 2 little country???
@burnstagger
I am going to visit india next month actually. The aim is to learn about ancient indian mathematics - the very basis of todays mathematics. The earliest works on triganometry, calculus, integers, decimals, the vaue of pie, concept of zero etc.. What Einstein called the indian basis of all modern science and mathematics.
I agree that it is better to plan for a decrease rather than depending upon an increase. But I am very confident that NRI remittances will remain a significant portion in GDP for a longer time frame. From what I have seen more and more people are going overseas for jobs or business and they will continue to send money back.
Remember this was 11 yrs ago
sombody please teach this guy some maths.....
Yes India is to big to be a new japan but at present because of large indigenous population, India can continue growing internally with its own population serving as its growth engine which has been evident from what India has achieved till now. Maintaining a growth rate of 6+ should not be a very big problem for India and with right policies it can continue to be growing at a healthy rate.
Where's pt2??
Professor what do you think about Little country North Korea ?
I think there is some mixing of truths here. The reason India and China are doing well is because their corporate earnings or not constantly raided by CEO's and large unreal bonuses. These profits are reinvested back into the companies in updating equipment. A good pay out from cleared profit is only about 5% until a 5 year operational capital is obtained. Way more than that is being offered up as bonuses. This is why Apple and not GE is doing so well.
I am an indian!He is teaching well and certainly not making the class boring!
I still stand by my " pure business basis". It was said in context that american corporation are not doing any charity by investing in India but have benefit in these investment and any transaction which is done for your own benefit is on business basis. My simple point was that it is not american investments which shape India's growth story(good or bad). You yourself has said stated this fact in this post.
Professor H. G. Rawlinson writes: " It is more likely that Pythagoras was influenced by India than by Egypt. Almost all the theories, religions, philosophical and mathematical taught by the Pythagoreans, were known in India in the sixth century B.C., and the Pythagoreans, "It seems that the so-called Pythagorean theorem of the quadrature of the hypotenuse was already known to the Indians in the older Vedic times, and thus before Pythagoras (ibid). (Legacy of India 1937, p. 5).
I think the government should remove incentives for people to conceal money. Most people would rather pay a reasonable amount of tax and live free of fear or guilt. The largest transactions in India generally involve real estate. The stamp duty is really outrageous, one of the highest tax rates on real estate transactions in the world. This encourages people to conceal the value of the transaction, and that money continues to remain in the shadows. Just one example. No space here to say more!
China and India are beating Us in it's own game. You are not even in the game, little Indians were studied in the university of Takshashila 2,300 years ago, where was the big us then
Dear if you do not mind terribly, can I ask which country are you from.
Student: mom i want to become a rapper
American moms:honey do what you like i want u to be happy
Indian moms:you doctor,you engineer or YOU FAILURE
2011 remittances were about $70 billion, or around 5% of GDP. NRI remittances come in with no strings, i.e, they are not repatriable and they are not payment for goods. There is a multiplier effect which is generally placed at around 4 times. So about $280 billion in GDP is generated through NRI remittances. In a 1500 billion economy, that is quite critical. Japan, South Korea, China, Taiwan, etc. also have huge oil import bills. Gold is not an essential import, but an Indian obsession.
Once India was the richest country and Christopher Columbus went to find 'India' not 'America'.
It was never "Your" game; let's start from there
Dear I do believe that instead of looking at absolute numbers, you should look at % references as it will give a more clear picture. India's debt has been decreasing consistently from a high of 82.2% in 2002 to 68% in 2012. Yes external debt has increased but that is still very much under managable limits. If you study world bank report 'Global Development Finance, 2012', it says in terms of ratio of external debt to gross national income, India’s position was the fifth lowest.
@Normacly I meant to typed "sort of traditional".
Guys, he was being sarcastic, when he said, little countries.
Aryabhata continued....He was among the ancient scholars who realized the Earth rotated daily on an axis; claims that he also espoused heliocentric orbits are controversial, but may be confirmed by the writings of al-Biruni. Aryabhatta is said to have introduced the constant e. He used π ≈ 3.1416; it is unclear whether he discovered this independently or borrowed it from Liu Hui of China. Among theorems first discovered by Aryabhatta is the famous identity
Σ (k3) = (Σ k)2
Georges Ifrah - French historian of Mathematics and author of the book, The Universal History of Numbers
"The Indian mind has always had for calculations and the handling of numbers an extraordinary inclination, ease and power, such as no other civilization in history ever possessed to the same degree. So much so that Indian culture regarded the science of numbers..A thousand years ahead of Europeans, Indian savants knew that the zero and infinity were mutually inverse notions."
His "Chakravala method," an early application of mathematical induction to solve 2nd-order equations, has been called "the finest thing achieved in the theory of numbers before Lagrange" (although a similar statement was made about one of Fibonacci's theorems). (Earlier Hindus, including Brahmagupta, contributed to this method.) In several ways he anticipated calculus: he used Rolle's Theorem; he may have been first to use the fact that dsin x = cos x ·
Website: GMOT
Wallis casts doubts on Diophantus’ contribution to modern
algebra. He even launched the idea that Arabic algebra may have originated
from India (Wallis 1685, 4):
However, it is not unlikely that the Arabs, who received from the Indians
the numeral figures (which the Greeks knew not), did from them also receive
the use of them, and many profound speculations concerning them, which
neither Latins nor Greeks know, till that now of late we have learned them
from the indians
During 16 th century India and China combined .... contribute to 70% of world gdp
With India nearly 45% contributeing in it....
It's real fact.......
In my opinion concealing money is rooted deep within people as well. There are many instances of people asking goods without bill or faking expenses. Real estate is one major thing but in that to like in our city, builders are selling on bill but then there is still black done by people on premium in secondary market. For country, both govt. and people should change their mindset. I do believe that if govt rationalises tax rates, then more people will be willing to pay full amount via banks.
I think you need to focus on the response. You said that corporations invest in India on "pure business basis". I showed that is not necessarily the case. As far as investing in other countries, look into how much India receives in FDI as a global percentage. For 2011, India received 4% of global FDI. Your insinuation that India is receiving a disproportionate share of FDI is not rooted in fact. Also note that FDI from Mauritius is very likely Indian black money.
His way of teaching was real awesome i wish i have a teacher like him.................
We never can have a true view of man unless we have a love for him. Civilization must be judged and prized, not by the amount of power it has developed, but by how much it has evolved and given expression to, by its laws and institutions, the love of humanity.
U don't wake up a dragon without expecting any conseq.ences
As I turn something around 35 and I'll be 100% ready 4 the astronautic of space engineering, IIAE Dehradun. It is cleared that Indian education systems has no match(hardest perhaps the best)My friends who got them self graduated says that they are jobless due to the lack of in depthness in their science and it was a long on-going discussing about that issue and it is not letting them to join the IIAE. I don't say all but some like U.S.' education system proved that its not stronger as Russia,etc
you dont understand do you? US is saturated with its high standard of living, for instance, minimum wage in the US 8$/ hour ? well the minimum wage in India/china for the DAY is say 3-4$ .
if we go by what you say, the iphone would easily cost around $10,000 if it was not made in china
US actively pursued innovation to the extremes of welcoming talent from world over irrespective of whether it was at war with those countries (Russia) or those countries were poor and not english first speakers (India, China) or it seemingly had ethical issues with the country (Nazi Germany) AND creating superb R&D, edu institutions (Anthropology, Ivy League). But, it lost its way not when it gave preferential treatment to Ivy Leagues or selected financial and economic pvt. entities but when it started preventing access to quality education by high fees, letting pvt. entities rob the economy and make citizens poor with every scam/lobby, and using preventive visas (H1B) to stop free flow of talent. It is a typical scenario where America toiled its way to become world's best (with excellent measurement, benchmarks and creating standard processes) - reached the top and started feeling infallible where every country wants to be a part of it, citizens feel pride and sync Great America despite visible shortcomings and straying from the path - now, its on the decline. Wont say its a downfall but its its own policies domestic and international, interfere with it as a sink of good policy-talent.
Also, the widespread unnecessary wars just to keep its military and drug economy going, literally killed its own country. Just that its talent and culture of innovation was fostering its war, drug efforts. The moment latter started eroding the former, US growth stopped. Its more a rot than a decline.
Chinese stock markets are unpredictable due to government policies, the index fell from 6000 in its peak in 2007/08 and is now hovering under 2000. Did chinese economy tank in the meantime? No, it has doubled since the GFC.
USA is a 300 year old country .
India and China are 5000 years old countries .
The educational comparison is simple. In China and India, the parents have to pay for their child's or children's education. While, in the US, the parents taxes payment or other taxpayers, have already covered the cost of schools and supplies such as books. Point is, Chinese/Indian parents are more strict on their child's or children's education than American parents. My mother is Asian and sort of old tradition. So, I know the consequences for sacking off.
No he said the majority that died were allies
remember the American girl who said 'I thought Europe is a country', 'hungry? that's a country?', that was quite epic though.
i am an indian and the statement about two little countries weren't made in a demeaning context. He was just drawing up his audience.
I'm an Indian living and working in India. I have work experience from overseas as well. Trying to incorporate that experience to improve things here. Btw, I'm a guy, so if you are a guy too, "Dear" is not appropriate! Not trying to be a douche, but it just seems weird! :)
As an Indian I say thank you to the woke libtard tiktokers and Instagram models for diverting the youth from Science to Stupidity.
External debt has to be serviced with international currency, regardless of the percentage of GDP that it is. India does not generate enough through exports alone to service its external debt after paying for imports. It doesn't earn enough in exports to pay for imports, let alone service debt. Debt servicing is accomplished via remittances, FDI and restructuring of debt. In the long term, without massively boosting exports and tightly controlling imports/outflows, it is a zero sum game.
Okay, my bad! I thought in terms of India providing better business conditions than the US, which is not the case at all. Infrastructure is still horrendous, and bureaucracy is unbelievable. I'm waiting for a clearance that should have taken 2 weeks tops and it's almost 200 days. If I wasn't Indian I would be long gone. I'm hoping to meet someone who can really take a hatchet to the red tape! Not for me, but for everyone. I've looked at the rules, and it's like they were made as obstructions.
It is not as straight as you think it is. India have reserves of about 300 billion $ and trade deficit of 21billion $ in Q2. India has been able to consistently manage its debt payment as well as its import obligation while having trade deficit. Imports are very high in relation to exports beacuse of oil and gold. But this will rationalise as oil prices rises and people look for other sources of energy. Already gold imports have been significantly reduced on account of higher tax and high price.
According to Voltaire, "The Greeks, before the time of Pythagoras, traveled into India for instruction. The signs of the seven planets and of the seven metals are still almost all over the earth, such as the Indians invented: the Arabians were obliged to adopt their cyphers."
for a developing country that debt is high ,but it shouldn't be a problem that big, i think if we are talking problems in india is overpopulation, pop per square kilometer ,that means few resources for the future development and so huge imports of raw materials if india will ever develop,were are those going to come from? what will india trade with? when you have a density like japan you need to be a technology hub ,to give high quality goods for raw materials, india is to big to be a new japan.
I am sure you are a very well read chinese, over 5 years your shanghai composite has added how much down 35% or up 50%.You know the government can get things wrong,everybody can get things wrong but the markets will never get things wrong as all efficient players assess & put a measure what potentially things need to be measured.
One last thing for the day. The language that ancient indians spoke was called Sanskrit - now widely considered the mother of all indo-european languages. So thank us also for producing your language for you. Good Night. Please take a look at Vedic Mathematics etc. for further knowledge.
Pythagoras's theorem discovered in India in 800 BC according to renowned historian Dick Teresi. author and coauthor of several books about science and technology, including The God Particle. He is cofounder of Omni magazine and has written for Discover, The New York Times Magazine, and The Atlantic Monthly.
May be "little countries like India and China" is an Afro-American expression like in wrestling they say "little jimmy"...
and i dont mean to say conditions are good either.
@113gsp Great point with simple sentence !! Slowly we are copying them too..
As where NRI remittances are concerned, it are significant but that does not mean that India runs on that money. Global average is 1.9% and India has 3%. So it is not like India is totally dependent on that money, although contributions of NRI cannot be denied in any case and its great to have them. The main problem of trade deficit in India is because of Oil import and gold and India do not have both. So curbing this deficit will be a big problem for India but it can be done as done with gold.
yeah I do agree with you on this
Little Countries 😲 damn geography!!
yeah sorry about that...just a habit.
And it is really nice to know that you are trying to do something at your level. If everyone does something things will get only better.
This guys fun and interesting !!!! wish my school lecturers/teachers were like him...!!!!
@daarkmatter what about egypt and africa
I think he means Little as "Insignificant" to World Economy, Relative to the past 2 Centuries..
@SilkRouteTrader You did not understnd correctly. He was making a point that at one time in the past that american business thought of India and China as little countires not in population oe size but little in the way of economic growth, And then they were proven wrong.