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India Overtakes Britain as World's 6th Largest Economy...
Topic Started: 22 Dec 2016, 05:45 AM (890 Views)
Black Panther
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Score one for the post-colonial underdog. India’s economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, now standing as the world’s sixth-largest economy by GDP after the United States, China, Japan, Germany, and France. The milestone is a symbol of India’s rapid economic growth and, conversely, the U.K.’s post-Brexit slump.

Economically, it’s been a banner year for India. In February, it surpassed China as the world’s fastest-growing economy. And in October, the International Monetary Fund predicted India would retain that title for the foreseeable future; its GDP is projected to increase by 7.6 percent through 2017.

http://foreignpolicy.com/2016/12/20/india-overtakes-britain-as-the-worlds-sixth-largest-economy/
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Black Panther
22 Dec 2016, 05:45 AM
Score one for the post-colonial underdog. India’s economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, now standing as the world’s sixth-largest economy by GDP after the United States, China, Japan, Germany, and France. The milestone is a symbol of India’s rapid economic growth and, conversely, the U.K.’s post-Brexit slump.

Economically, it’s been a banner year for India. In February, it surpassed China as the world’s fastest-growing economy. And in October, the International Monetary Fund predicted India would retain that title for the foreseeable future; its GDP is projected to increase by 7.6 percent through 2017.

http://foreignpolicy.com/2016/12/20/india-overtakes-britain-as-the-worlds-sixth-largest-economy/
Yep, those kmart polo shirts now say 'made in Bangladesh'.

Its all about sourcing the cheaper labour product.

http://www.latimes.com/business/la-fi-mexico-jobs-20161212-story.html

http://www.smh.com.au/business/retail/payless-shoes-adds-to-prechristmas-jobs-rout-20161122-gsv2br.html

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Ex BP Golly
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22 Dec 2016, 06:54 AM
And with America's almost non existent wage growth since the 1970s, The Donald can quite easily move his tie factories back from China and compete on the world market.

Making America great again.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Ex BP Golly
22 Dec 2016, 07:37 AM
And with America's almost non existent wage growth since the 1970s, The Donald can quite easily move his tie factories back from China and compete on the world market.

Making America great again.
Yes Trump is such a hypocrite in that reguard. Here in the article wanting companies to keep jobs in the US while many of his products are manufactured overseas. I saw something on tele recently where he was interviewed by some tv talkshow host. They asked him about manufacturig jobs and then bought out a bunch of his trump ties. I think they said made in china on them. He sort of just smiled and said nothing.

We can also see in that US job link above how Mexican gdp has gone from 1.7 billion and now 61 billion. Maybe those mexicans will start moving back home.

As for making America great again, is it really possible in the modern world ? I believe there was a point in time, most likely the 50s and 60s where there was a 'as close as perfect balance' to to work, lifestyle ,family life,cost of life, pride and little drug use compared to today. Since this point the family unit has broken down, wages stopped surging like they once did, the cost of life has risen as a result, the pride has dissapeared compared to yesteryear and drug use is rampant. On a slightly different note, I watched a very interesting document on the US the other day. Was in reguards to the private prison system, the billions in profit these comapnies are making. And worst of all how they deliberately keep the numbers high. A quota, much like a parking officer here. The more they have in the prison, the higher in billions of profits they make. The governmet has guaranteed to keep the numbers at a certain level and not let it go below that, even if crime was falling.
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Ex BP Golly
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All of the Timothy McVeigh type's sucked into voting for him won't be happy when they work out how they were suckered into voting for a billionaire who wipes his arse on wandering rednecks.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Ex BP Golly
22 Dec 2016, 10:02 AM
All of the Timothy McVeigh type's sucked into voting for him won't be happy when they work out how they were suckered into voting for a billionaire who wipes his arse on wandering rednecks.
You're a total f***wit golly, but f*** I laughed at this one due to the sheer truthfulness of it!!!
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newjez
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Black Panther
22 Dec 2016, 05:45 AM
Score one for the post-colonial underdog. India’s economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, now standing as the world’s sixth-largest economy by GDP after the United States, China, Japan, Germany, and France. The milestone is a symbol of India’s rapid economic growth and, conversely, the U.K.’s post-Brexit slump.

Economically, it’s been a banner year for India. In February, it surpassed China as the world’s fastest-growing economy. And in October, the International Monetary Fund predicted India would retain that title for the foreseeable future; its GDP is projected to increase by 7.6 percent through 2017.

http://foreignpolicy.com/2016/12/20/india-overtakes-britain-as-the-worlds-sixth-largest-economy/
Bound to happen sooner or later. Brexit seems to have brought it forward. But it's hard to compete with a country a squillion times larger.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Bardon
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Thins are looking pretty good for the sub continent.

2017 Is Going To Be A Good Year For India's Property Market


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It looks set to be a bumper year for India in 2017 when it comes to real estate and the economy as a whole. That makes a marked turnaround for a persistent underperformer in Asia – India.

The nation has shot to the top of the list of preferred destinations for real-estate investment in the eyes of major institutional investors. It is also the fastest-growing major economy, set for growth of 7.0% next year after this year’s projected 7.2%, according to Thomson Reuters.

That’s ahead of China’s 6.7% growth rate this year, expected to slow to 6.3% next year – almost a full percentage point below India. And it is greater domestic consumption that is driving India’s improvement, suggesting the middle class is truly coming into its own – and sure to demand housing to suit their tastes.

http://www.forbes.com/sites/alexfrewmcmillan/2016/12/21/2017-is-going-to-be-a-good-year-for-indias-property-market/#26a2f3343f9b
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