The next big economy in Asia?

[ahsanraza81]

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I believe it's CHINA

who's next after China...?

[Gene]

china in south asia ????

[Pioneerfirst]

India is the biggest South Asian Economy, Almost 8 times bigger than the next in the list i-e Pakistan

[RezRoll]

In South Asia, it's India.

In Asia, the 2nd biggest is Japan i believe, though India is catching up very fast.

And world, China is the biggest after US

[Gene]

the biggest economies in south asia are right now india,pakistan,bangladesh & srilanka.

[Pioneerfirst]

In South Asia, it's India.

In Asia, the 2nd biggest is Japan i believe, though India is catching up very fast.

And world, China is the biggest after US

We are discussing South Asia
Japan has 3 times bigger economy than India(nominal GDP) and it will take India another 15 years to catch it up.

[RezRoll]

We are discussing South Asia
Japan has 3 times bigger economy than India(nominal GDP) and it will take India another 15 years to catch it up.

Yes. I agree. I said the second biggest economy after China in Asia is Japan. But be it 15 years or 100 years, i can see India over-taking Japan soon, just like how China will over-take the US soon. Japan is in a decline.

Anyway, on topic. India is by far the biggest economy in South Asia.

[Zeeshan360]

I believe it's CHINA

who's next after China...?

China doesnt come in South Asia .

Largest economy in South Asia is India

[Zeeshan360]

We are discussing South Asia
Japan has 3 times bigger economy than India(nominal GDP) and it will take India another 15 years to catch it up.

Japan is in decline .
And India is growing at 9% . It reached to 10.4% in 2010 .
We would reach there way before 15 years

[mastaan]

We are discussing South Asia
Japan has 3 times bigger economy than India(nominal GDP) and it will take India another 15 years to catch it up.

The world measures the relative sizes of economies based on PPP terms (and that is only why that metric was invented in the first place... remember Mac-Index?), as that highlights the actual 'value' of production and consumption (economic activity) and thus helps economists to understand the relative levels of prosperity and growth...

In Asia, China is the first and by a very very comfortable margin, Japan is 2nd and India is 3rd ... However, after the recent natural disasters and the following nuclear disasters has pushed Japanese economy in a recesion and has Shrunk by more than a percentage for the second quarter on thr trot and a look at that, with an expected 8.5-9% growth in India will give you a very clear idea that it is a matter of 1-2 years (just because Inflation takes away some meaning of our growth numbers, else it would have happened in 1 year) that India becomes the second biggest economy in Asia... Some numbers for your reference (PPP numbers from CIA Factbook):

1. USA - 14.9 Trillion
2. China - 9.9 Trillion
3. Japan - 4.3 Trillion (degrowing by ~1% annualy)
4. India - 4.0 Trillion (growing by 9% on average)
https://www.cia.gov/library/publicat.../2001rank.html

In South Asia, we are the leader by miles as the second country on the list (Pakistan) is at 451 Billion

[ahsanraza81]

thanks guys for sharing ur views here

[lepziboy]

I have a question guys.I still dont understand what`s PPP for can anyone help me on this.even though I read it many times now I`m still kinda confused

[ahsanraza81]

PPP - Pakistan People's Party

(It's political party - leader > zulfiqar ali bhutoo(late) > benazir bhutto(late) > now Asif Zardari(Pakistan President)

[Frank Martin]

I have a question guys.I still dont understand what`s PPP for can anyone help me on this.even though I read it many times now I`m still kinda confused

Purchasing Power Parity

[Zeeshan360]

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PPP - Pakistan People's Party

(It's political party - leader > zulfiqar ali bhutoo(late) > benazir bhutto(late) > now Asif Zardari(Pakistan President)

What

PPP means Purchasing power parity