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Perhaps in 30-40 years. The nominal GDP per capita in Bihar, Uttar Pradesh, Madya Pradesh, and Rajasthan are around $300, $400, $475, and $550, respectively. These states have almost 1/3 of India's population, and India is collectively going nowhere until these places start catching up. These states are also responsible for most of India's population growth, so a decline in birth rates alone will jack up the GDP per capita. This is something of a side note... Most people don't realize it, but the birth rates in half of India's major states are below replacement levels.
Malaysia is the obvious the front-runner. It's not on most people's radar, but Sri Lanka has the potential to quickly develop; it has a relatively small population (~20 million), new-found political stability, brain-power, and some familiarity with English.
Wow, isn't the Indian average about $1400 or something? That's really bad.
Considering that Lanka is wealthier than India per capita, I was disappointed how 'shanty-like' a lot of downtown Colombo looked. Like tin-roof stalls in the middle of the city.
Wow, isn't the Indian average about $1400 or something? That's really bad.
Considering that Lanka is wealthier than India per capita, I was disappointed how 'shanty-like' a lot of downtown Colombo looked. Like tin-roof stalls in the middle of the city.
Bihar and Uttar Pradesh are exceptionally poor and they have populations of ~100 million and ~200 million respectively. A positive sign is that the citizens of these states are starting to ditch regional/left wing politicians who promise patronage based benefits for a political party that wants to bring about universal economic growth and institute sound governance.
Hong Kong and Singapore were once mostly shantytowns/slums as well. Sri Lanka has a fairly small population, so political stability and the right economic policies could bring about rapid economic development.
Perhaps in 30-40 years. The nominal GDP per capita in Bihar, Uttar Pradesh, Madya Pradesh, and Rajasthan are around $300, $400, $475, and $550, respectively. These states have almost 1/3 of India's population, and India is collectively going nowhere until these places start catching up. These states are also responsible for most of India's population growth, so a decline in birth rates alone will jack up the GDP per capita. This is something of a side note, but the birth rates in half of India's major states(excluding city-states and the sparsely populated northeastern states) are below replacement levels.
Malaysia is the obvious the front-runner. It's not on most people's radar, but Sri Lanka has the potential to quickly develop; it has a relatively small population (~20 million), new-found political stability, brain-power, and some familiarity with English which goes a long way in attracting "in-sourcing".
The thing I don't like Malaysia, some parts have the sharia and there is way too much affrimative action for the malay ethnic group. This will hamper growth and sharia prevents the free flow of ideas.
Quote:
Originally Posted by The Postman
Wow, isn't the Indian average about $1400 or something? That's really bad.
Considering that Lanka is wealthier than India per capita, I was disappointed how 'shanty-like' a lot of downtown Colombo looked. Like tin-roof stalls in the middle of the city.
The thing I don't like Malaysia, some parts have the sharia and there is way too much affrimative action for the malay ethnic group. This will hamper growth and sharia prevents the free flow of ideas.
that looks like a normal Asian city to me.
Yep. Indians and Chinese lose out.
Maybe some more developing ones, but not cities like Singapore, KL, HK, Tapei, Shanghai, Tokyo.etc. Bangkok maybe in some of the slummier klongs, but not most of the central city.
China, Malaysia, Thailand has a shot i dont know about the rest
and im not sure with China though, they are over populated, its hard to provide income for that much people
China won't be a developed country soon and even in 50 yeard even if it is the 2nd biggest economy in the world because of still most of its western provinces are still undeveloped. It is the top nation with most slaves accdg to Global Slavery Index.
Unless, Thailand returns and sustains it's non-military / civilian rule, then it wont be considered developed even if it reached that status now bec most of the developed countries are ruled not by military.
^errr Malaysia should be around 10-20 years, and according to global slavery index its India the slave capital of the world. Thailand could be developed but political instability will hamper and slow down its development to reach the next level.
^errr Malaysia should be around 10-20 years, and according to global slavery index its India the slave capital of the world. Thailand could be developed but political instability will hamper and slow down its development to reach the next level.
thanks..but where does China in the ranking?
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