India Economists’ Embarrassing Confession: They Don’t Know What GDP Is

[Thəorətic Muslim]

Last week India surprised all the experts by recalculating GDP growth for the fiscal year ended March. Using a new calculation method, India’s economy expanded 6.9% that year, well above the 4.7% growth the country had announced earlier.

India can revised its figure from the past as well.

Even the Treasury & Labor departments revise previous quarter and sometimes previous year's GDP and Employment. Its nothing new.

With the same number of people under poverty, same high child mortality rate.

Again the US does the same thing. DOW JONES is on a high rebound with X% growth. Ever wonder how and why? Dow Jones regulates who can be posted on it's floor. Just like how each country decides how to list what income is above or below the poverty line.

There are plenty of people in America who are not well off but the government does recognize that they live in poverty.

To Indians GDP figure is just a political tool.

GDP is a political tool of every nation.

GDP is calculated using the following well established formula.

Y = C + I + G + NX

Y= GDP
C= Consumer Spending
I = Investments
G= Government Spending
N= Net Exports (Total Exports - Imports)

@by78 the article says a new calculating method. Can you shed the formula used?

@WAR-rior

 

[by78]

@by78 the article says a new calculating method. Can you shed the formula used?

They never published the new formula. This is why most economists are puzzled and suspect that India faked its GDP data to make itself look good.

 

[Ryuzaki]

Even the Treasury & Labor departments revise previous quarter and sometimes previous year's GDP and Employment. Its nothing new.



Again the US does the same thing. DOW JONES is on a high rebound with X% growth. Ever wonder how and why? Dow Jones regulates who can be posted on it's floor. Just like how each country decides how to list what income is above or below the poverty line.

There are plenty of people in America who are not well off but the government does recognize that they live in poverty.



GDP is a political tool of every nation.

GDP is calculated using the following well established formula.

Y = C + I + G + NX

Y= GDP
C= Consumer Spending
I = Investments
G= Government Spending
N= Net Exports (Total Exports - Imports)

@by78 the article says a new calculating method. Can you shed the formula used?

@WAR-rior

you are trying to use logic against these guys.Good luck.

 

[by78]

So this is how India will become a superpower by 2020. I expect India to revise growth rates to average 50% per year until 2020.

 

[Guynextdoor2]

And how is ur blabber related to the topic? This is a technical thread. Better speak bout methodology rather than bullshit.

Disclaimer: Those who don't understand the content of the thread rather stay out.

Just reply him 'Robin Lawley is fat and Ugly' and he'll go away. I figures it out long time ago . try it (he's put me on ignore so I can't do it now )

 

[mehul sharma]

India would do any thing ... india would invest new calculatin to match up with China they can do anything what do you expect from Pm like modi .... they are all liers

oh you think if you write anything in bold it get logical naturally good thinking

 

[ThinkLogically]

How come readjusting the base year and adding new areas will become manipulating the GDP numbers.

In year 2000 there was only IT sector dominating the GDP but India has moved a lot on automotive and other engineering fields, how to represent them properly.

The real reason for this article is some simply cannot digest the truth of India growing.

 

[RisingShiningSuperpower]

How come readjusting the base year and adding new areas will become manipulating the GDP numbers.

In year 2000 there was only IT sector dominating the GDP but India has moved a lot on automotive and other engineering fields, how to represent them properly.

The real reason for this article is some simply cannot digest the truth of India growing.

You are very true!

Industrial production, services sector activities, and investment numbers were all very good. There was never any slowdown in growth.

It was a Western conspiracy to denigrate and talk down India.

 

[RisingShiningSuperpower]

So this is how India will become a superpower by 2020. I expect India to revise growth rates to average 50% per year until 2020.

India will become a superpower by 2020 only due to Modi-ji's brilliant leadership. Modi-ji is implementing policies to re-disover ancient Vedic technologies such as invisible planes, space travel, fusion power, and teleportation. Once these technologies are re-discovered, India will become a superpower.

 

[My-Analogous]

I welcome the new GDP calculations. They show the reality in India.

India has been growing very fast. Modi-ji will make it go faster.

India will definitely surpass China and America to become a superpower by 2020!

Is that new GDP calculation was also discovered 4000 BC by India?

 

[SelfServeFive]

India will become a superpower by 2020 only due to Modi-ji's brilliant leadership. Modi-ji is implementing policies to re-disover ancient Vedic technologies such as invisible planes, space travel, fusion power, and teleportation. Once these technologies are re-discovered, India will become a superpower.

As a shupa powa, India will save cows all around the world from slaughter using regime change and military invasions. Mother cows will roam the Earth free from natural predators at last.

 

[Brickwall]

As a shupa powa, India will save cows all around the world from slaughter using regime change and military invasions. Mother cows will roam the Earth free from natural predators at last.

As superpower our first act would be be save the chinese from communist... ofcourse u r welcome to join....

 

[RisingShiningSuperpower]

This is anti-India propaganda by the West.

Truth alone will prevail.

India will be a superpower by 2020 due to Modi-ji's brilliant leadership!

 

[dray]

How many threads by78 would open on India's gdp? He is even reopening his previously deleted threads. @WebMaster @waz @Jungibaaz @Oscar

https://defence.pk/search/9119008/