India GDP, Big Red? Huh?
Big Red Car here on a sunny Saturday in the ATX – On Earth As It Is In Texas!
Yeah, it’s going to be a warmish day, up to 100F. Yawn!
So, in the discussions about US GDP, the Big Red Car (huge fan of India) did some research on India. Did I tell you I am a huge fan of India as a country, as an ally, as a market? Love India.
India is a huge country with 1,354,000,000 people. The US has at least 1,000,000,000 fewer people.
US GDP is closing in on 20 Trillion dollars ($20,000,000,000,000) annually, while India has a GDP of $2,597,490,000,000.
Indian GDP Growth
The growth in Indian GDP is interesting to compare to US growth.
This graph is revealing as it showcases the kind of growth one can see on an economy of that size.
US GDP Growth
Here is an interesting chart which showcases the rate of GDP growth under different Presidents.
I did not recall the rate of growth during the Johnson administration. It is also illuminating.
OK, that’s enough on GDP for a while other than to say that the expansion of our economy is critical to our ability to deal with other important fiscal challenges – the cost of social benefits, the deficits, and national debt.