When you say America is a $14 trillion economy (India is approaching $2 trillion), it doesn't quite give you a sense of America's industrial might. Reviewing a book on the crucial role of America's industrial might in World War II, the Economist mentions a couple of interesting facts. In 1944, the US produced a plane every five minutes, 50 merchant ships and eight aircraft carriers a month. India commenced work on its first indigenous aircraft carrier in 2005 and it is to be commissioned in 2014! And how many fighter planes have we produced in the last 65 years?
Now, you know why talk of India becoming a superpower is poppycock. And why China is furious with American plans to move 60% of its naval strength to the Asia-Pacific region, from the current 50%
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8 comments:
Can you please post a link to the Economist article or to the book in question itself?
Thanks,
Ludwig
TTM
with the rupee down 20% Indian GDP is closer to 1.5 trill, probably lower....you are talking nominal gdp denominated in dollars after all
If we look at per capita numbers, the difference will be even more stark.
We seem to have raised delusion to almost an art. So many intellectuals kept talking about of demographic dividend over past decade without bothering to check basics like quality of education, economy's ability to provide opportunities to 20 million Indians joining workforce every year.
WoW..
Dint knew that India is so faaaaar behind...
INDIA will never develop in reality. Only on paper its INCREDIBLE!
Now, this sounds like a fairly straightforward narrative: cost-conscious Republicans versus free-spending
warehouse brooms
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