Economics Current Events Discussion

Economics
Tutor: None Selected Time limit: 1 Day

Provide information, comments and questions on current economic events and policies. Good sources of information are the CNBC, Wall Street Journal, Financial Times, DealBook of New York Times, Fortune, Business Week, and The Economist.

Feb 10th, 2015

The percent increase of GDP in India has been threatening to move past China's over the past two years, and it recently did pass China. The Indian Prime Minister Narendra Modi has been heading down the path of expansion through job growth and it has been showing results as of February 9th, when India finally surpassed China. Yet, according to The World Bank, India's per capita GDP is only approximately $1500, so is its growth overstated considering the vast population? Also the article on The Economist does not take into account that GDP has become somewhat of an outdated measure on happiness in a country since the mid 20th century.

World Bank: http://data.worldbank.org/indicator/NY.GDP.PCAP.CD

The Economist: http://www.economist.com/news/business-and-finance/21642656-indias-economy-grew-faster-chinas-end-2014-catching-dragon

Feb 10th, 2015

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