India loses fastest growing economy tag after sharp growth slowdown

[rott]

India needs to prepare for industrial revolution and with old laws it cannot accommodate industry.

While you guys have so much hatred on us, I don't see how China can help India grow.


Like with smartphones, China wants to storm Indian electric car market

http://m.timesofindia.com/auto/misc...-electric-car-market/articleshow/58939243.cms

Read the comments....

 

[wiseone2]

No matter fastest or not, China is still adding entire indian GDP every 3 years.
Western China, the poorest region in China, is a 2 trillion dollar economy growing at 8%.

china is running a debt driven economy
i am not going to make predictions when the debt bubble will burst

 

[jetray]

What is it supposed to mean?

More growth doesnt necessarily mean everyone benefits. It is just numbers. Growth should be inclusive to all sections of society.
For example , spending $10 billions on building a chip fabrication plant looks great but will provide employment to only 4000 employees directly and indirect 50000 ppl. But the same investment in in infra will benefit the entire society.

More ever growth which is due to crony capitalism and corruption will only lead to disaster. Demonetization & cyber transactions did suck out money from the system but it will also help subsidies to reach the really needy ones instead of getting pilfered by corrupt officials. It improves the efficiency of the system.

china is running a debt driven economy
i am not going to make predictions when the debt bubble will burst

Moodys already downgraded their rating for the same.

 

[The_Showstopper]

More growth doesnt necessarily mean everyone benefits. It is just numbers. Growth should be inclusive to all sections of society.
For example , spending $10 billions on building a chip fabrication plant looks great but will provide employment to only 4000 employees directly and indirect 50000 ppl. But the same investment in in infra will benefit the entire society.

More ever growth which is due to crony capitalism and corruption will only lead to disaster. Demonetization & cyber transactions did suck out money from the system but it will also help subsidies to reach the really needy ones instead of getting pilfered by corrupt officials. It improves the efficiency of the system.


Moodys already downgraded their rating for the same.

So tell me what was smart about demonetization? What was smart in the recent growth rate?

 

[rott]

china is running a debt driven economy
i am not going to make predictions when the debt bubble will burst

Lol, what part of, "India loses fastest growing economy" don't you understand?

 

[Roybot]

Its just for this quarter, and was expected. Growth will pick up in the coming quarters.

 

[wiseone2]

Lol, what part of, "India loses fastest growing economy" don't you understand?

India want's economic growth. if some country does better than this cheers to them. it is not a zero sum game
India had a demonetization driven crackdown on tax evasion. it impacts the economic growth rate

what is your problem ?

 

[rott]

India want's economic growth. if some country does better than this cheers to them. it is not a zero sum game
India had a demonetization driven crackdown on tax evasion. it impacts the economic growth rate

what is your problem ?

My problem is, this thread is about India and you go on ranting about China's economy like an injured animal.

 

[wiseone2]

My problem is, this thread is about India and you go on ranting about China's economy like an injured animal.

if you can read English you will see I responded to someone comments on fast growing chinese economy
what part of that is not clear to you ?

 

[jetray]

So tell me what was smart in demonetization? What was smart in the recent growth rate?

you are already seeing the effect of demonetization in real estate sector. Demonetization is pushing all the high value transactions to be online or through non cash based transactions. So every transaction will be tracked as it will leave a record behind. ppl who evade tax and splurge will be caught. Most of the ppl who splurge are corrupt officials from their ill gotten money. Hiding unaccounted money will be hard.

Say if you spend 5 billion dollars earlier only 3 billion dollars would reach the the poor but for record it is still 5 billion dollars. But now if you need to spend 4 billion dollars most of it will get tracked and 3 billion dollars will reach the poor effect is still the same but less waste.

 

[The_Showstopper]

you are already seeing the effect of demonetization in real estate sector. Demonetization is pushing all the high value transactions to be online or through non cash based transactions. So every transaction will be tracked as it will leave a record behind. ppl who evade tax and splurge will be caught. Most of the ppl who splurge are corrupt officials from their ill gotten money. Hiding unaccounted money will be hard.

Say if you spend 5 billion dollars earlier only 3 billion dollars would reach the the poor but for record it is still 5 billion dollars. But now if you need to spend 4 billion dollars most of it will get tracked and 3 billion dollars will reach the poor effect is still the same but less waste.

Demonetisation: Cash is back, punching holes in Modi's 'cashless
Despite digital push, cash transactions are back in vogue
Use of cash gains as digital modes slump - The Hindu

 

[jetray]

Demonetisation: Cash is back, punching holes in Modi's 'cashless
Despite digital push, cash transactions are back in vogue
Use of cash gains as digital modes slump - The Hindu

Its not a t20, govt next will push on benami properties which will have even more effect.

Creation of a ‘less cash’ economy can still happen over a period of several years, but only if the government addresses certain core issues that is deterring the common man from using his card or mobile phone for conducting a transaction, not cash.
The return to cash is primarily because of “the high transaction charges for debit or credit cards, less availability of PoS terminals at shops in local markets, cases of fraudulent transactions and so on,” the report said.


Just the beginning, even state buses in bangalore are going for smart card.

Post demonetisation, even when the overall digital transactions registered a fall, transactions through the UPI (Unified Payment Interface) appeared to be increasing. In December, UPI transactions were at 20 lakh, which increased to 41.53 lakh in January. It further rose to 41.56 lakh in February. This is an encouraging sign.

 

[ShoutB]

While you guys have so much hatred on us, I don't see how China can help India grow.


Like with smartphones, China wants to storm Indian electric car market

http://m.timesofindia.com/auto/misc...-electric-car-market/articleshow/58939243.cms

Read the comments....

bought from Alibaba.com or some other dealer or directly from company sold at double the price the profit share is equal.

 

[The_Showstopper]

Its not a t20, govt next will push on benami properties which will have even more effect.

Creation of a ‘less cash’ economy can still happen over a period of several years, but only if the government addresses certain core issues that is deterring the common man from using his card or mobile phone for conducting a transaction, not cash.
The return to cash is primarily because of “the high transaction charges for debit or credit cards, less availability of PoS terminals at shops in local markets, cases of fraudulent transactions and so on,” the report said.


Just the beginning, even state buses in bangalore are going for smart card.

Post demonetisation, even when the overall digital transactions registered a fall, transactions through the UPI (Unified Payment Interface) appeared to be increasing. In December, UPI transactions were at 20 lakh, which increased to 41.53 lakh in January. It further rose to 41.56 lakh in February. This is an encouraging sign.

But Modi's act was more of a T20 kind.

Look at the moron making fun of Indians.

Give me recent figures, not January and February's.

 

[wiseone2]

Lol, still ranting like an injured animal.

I responded to comments on China economic growth