Vinod2070
BANNED
- Joined
- Dec 24, 2007
- Messages
- 10,552
- Reaction score
- -2
- Country
- Location
Well, it is a fact that at present India is about 8-10 years behind on most indicators. Whether this trend continues or not is a question that the future will answer. Debating here doesn't mean anything.
We don't have to replicate what China has done. We can and will find the way that works for us in our circumstances.
But there is no reason the success can't be replicated. We grew at 6% for 15 years and more after 1991 (that was considered impossible earlier in India).
Now our trend rate has increased to ~8% for the last 5-6 years. It can go up to double digits once we take care of the infrastructure. That is happening now with big investments pouring in. It may not be at the scale in China but it doesn't have to be.
The original article was just one of many that the so called "think tanks" churn out. I am not sure why people need to sweat so much on it. Its just like the thesis people write when they complete some research project. More than 90% is junk that no one reads after the thesis is done.
We don't have to replicate what China has done. We can and will find the way that works for us in our circumstances.
But there is no reason the success can't be replicated. We grew at 6% for 15 years and more after 1991 (that was considered impossible earlier in India).
Now our trend rate has increased to ~8% for the last 5-6 years. It can go up to double digits once we take care of the infrastructure. That is happening now with big investments pouring in. It may not be at the scale in China but it doesn't have to be.
The original article was just one of many that the so called "think tanks" churn out. I am not sure why people need to sweat so much on it. Its just like the thesis people write when they complete some research project. More than 90% is junk that no one reads after the thesis is done.