A brief review of Malaysia Vs Tamilnadu (India) Economy
Tamilnadu Malaysia Notes
Tamilnadu Malaysia Notes
Area – km2 130,058 330,803 Msia is 2.5X bigger
Population 83mil 34mil TN is 2.4X more
Density – per km2 638 101 TN is 6.3X more dense
GDP (2024) - Nom 300B 445B Msia much better
GDP (2024) - PPP 1,050B 1,306B Gap narrowing
GDP perCap-Nom $3.3k $13.3k TN still far away
GDP perCap-PPP $11.5k $39.1k Msian is 3.4X richer
GDP Growth 8->10% 4.4->4.4% TN growing fast
Exch rate to USD 83.8 4.4 1 MYR = 19 INR
Human Dev Index 0.700 Med 0.807 High Msia better
Unemployment 4.1% 3.3% Msia better
Apparently, Malaysia (M'sia) is in better than TamilNadu (TN) in almost all index except the Growth part & the rate of purchasing power; PPP (3.5x to Msia's 3x)
TN in particular & India in general is chasing to double their GDP to $600B & $7T respectively by yr-2030 (in 5-6yrs time). At which time, M'sia is likely be hitting nominal (Nom) GDP of about $550-600B; as the gap between TN & MY closing in.
Though not that glaring, with slower rate of economic progress, M'sian Indian as a race could be the 1st group closing the gap with people of TamilNadu (by yr-2039) .
Btw, I forecast TN may outpace M'sia in the following timeline;
Measure when likely performance quantum
1. In GDP by PPP ; in 4-5 years (yr 2028-29) when GDP by PPP is around $1,566-1600B
2. In GDP Nominal; in 6-7 years (yr 2030-31) when GDP by Nominal around $570-600B
3. In GDP per capita by PPP in 14-15yrs (yr 2038-39) when per Capita by PPP is abt $56-62k
4. In GDP per capita by Nom in 16-17yrs (yr 2040-41) when per Capita by Nom is abt $19-21k
Having said it, there are more things can go wrong for TN, or India than for Malaysia making the whole timing delayed; otherwise, the direction of progress for India's remains assured.
Regards, KESH Muthu
TN in particular & India in general is chasing to double their GDP to $600B & $7T respectively by yr-2030 (in 5-6yrs time). At which time, M'sia is likely be hitting nominal (Nom) GDP of about $550-600B; as the gap between TN & MY closing in.
Though not that glaring, with slower rate of economic progress, M'sian Indian as a race could be the 1st group closing the gap with people of TamilNadu (by yr-2039) .
Btw, I forecast TN may outpace M'sia in the following timeline;
Measure when likely performance quantum
1. In GDP by PPP ; in 4-5 years (yr 2028-29) when GDP by PPP is around $1,566-1600B
2. In GDP Nominal; in 6-7 years (yr 2030-31) when GDP by Nominal around $570-600B
3. In GDP per capita by PPP in 14-15yrs (yr 2038-39) when per Capita by PPP is abt $56-62k
4. In GDP per capita by Nom in 16-17yrs (yr 2040-41) when per Capita by Nom is abt $19-21k
Having said it, there are more things can go wrong for TN, or India than for Malaysia making the whole timing delayed; otherwise, the direction of progress for India's remains assured.
Regards, KESH Muthu
Cima (Uk) & Ceha (Sg)
Chief Consultant, BizMerger
3. www.reuters.com/markets/asia/malaysias-economy-grows-42-yy-q1-beats-forecast-2024-05-17/
Further Notes
* Malaysia recorded an ave growth rate of 4.2% in the decade to 2022, still below the 4.4% ave for the Asia-Pacific region.
* Malaysia GDP for 2022 was $407B, a 8.88% increase from 2021.
* Malaysia's economy grew 3.8% in 2023.
* Malaysia has registered growth beyond expectations, with the country's GDP expanding by 5.8% in the 2nd qtr of 2024
* Malaysia's economy in the Yr-2024 April-June qtr grew 5.9% from a year earlier
* Forecasts for M'sia GDP growth in 2024 range from 4-5% while India's at 6.75-7.00%
Further Notes
* Malaysia recorded an ave growth rate of 4.2% in the decade to 2022, still below the 4.4% ave for the Asia-Pacific region.
* Malaysia GDP for 2022 was $407B, a 8.88% increase from 2021.
* Malaysia's economy grew 3.8% in 2023.
* Malaysia has registered growth beyond expectations, with the country's GDP expanding by 5.8% in the 2nd qtr of 2024
* Malaysia's economy in the Yr-2024 April-June qtr grew 5.9% from a year earlier
* Forecasts for M'sia GDP growth in 2024 range from 4-5% while India's at 6.75-7.00%
Malaysian ringgit will appreciate later this year, rising from RM4. 70/USD currently to RM4. 55/USD by end-2024.
Breakdown of Malaysia by race; Bumiputera 62.5% (Malays and indigenous peoples, including Orang Asli, Dayak, Anak Negeri), Chinese 20.6%, Indian 6.2%, other 0.9%, non-citizens 9.8% (2019 est.) By World Factbook
However, while ave growth rates are positive across all ethnic groups (Bumiputera 4.9 %, Indians 4.8 %, and Chinese 2.7 %), the highest growth of real income per adult accrued to the Bumiputera in the top 1 % (at 8.3 %), which sharply contrasts the much lower growth rate of the Indians (at 3.4 %) and negative income growth rates of the Chinese (at −0.6 %); though Malaysian Chinese remain the business sector's dominant players; equity ownership doubled from 22.8 percent in 1969 to 45.5 percent in 1990, and nearly all of Malaysia's richest people are Chinese.[135]