India will remain the fastest growing economy in 2016: World Bank

[Nilgiri]

I blv hes more concerned than us......
Bro, we should also realise that congress gave him empty coffers, tons of debt to start with but i m confident, he ll do well....tryin to be optimistic !

I am optimistic bro. He and team have done quite well to turn things around (stabilise ship)...but now its time for real policy consolidation for: Education, Labour, Agriculture. Those are the 3 key areas....and they also influence the most voters too. I am sure he knows this...so this year will be good to watch I am confident. But there must be strong action within this year and next.

 

[Dungeness]

If this year does not consolidate well economically in two main areas: Agriculture, Better quality jobs for youth....Modi will find his political fortunes (already slipping slowly) really start to fall away.

"Main" economic reforms like GST, landbill are actually quite secondary to this (Education, training + labour reforms/programs). This will be the main year for this....there may be one more year of chance (2017) but after that it is anyones ball game for the next election since any positive effects from anything done after will not have time to trickle through.

This year will basically be the final year of me extending strong support to Modi and his govt if he does not take strong decisive action on the most important issues.

Here, you are talking about the issues that are much bigger and much more difficult than passing GST, Land bills, and besides slogan of "Skill India", is there any concrete plans to implement these goals?

India produces lots of university graduates every year, but India's primary and secondary education, especially in rural areas, remains in shamble state. These people are the real power behind "Make In India", and the foundation of "Skill India". Is there any working plan to address this issue? I know many of you may mention the improvement on literacy rate, but if being literate merely means one can write his own name or read traffic signs, they are not employable in any modern manufacturing facilities, so India's supposed "demographic dividend" will not be realized.

I would love to see India Gov has a solid plan to address this issue now.

 

[kmc_chacko]

If we want to grow @ 7%-8% for longest period then any Govt comes to power should concentrate on following at phased manned.
1. Reduction of Corruption
2. Increase of Job Oriented programmes
3. Massive investment in Skill Development & Education
4. Increased Investment in the areas of Connectivity - Road, Rail, Shipping, Airlines, Internet, Telephone, DTH
5. Upgradation of Basic Needs of people - Sanitation, Drinking Water, Gas Pipelines, Electricity
6. More awareness towards our culture, tradition, language & our History

7. Food Security

 

[Zhang Fan]

Here, you are talking about the issues that are much bigger and much more difficult than passing GST, Land bills, and besides slogan of "Skill India", is there any concrete plans to implement these goals?

India produces lots of university graduates every year, but India's primary and secondary education, especially in rural areas, remains in shamble state. These people are the real power behind "Make In India", and the foundation of "Skill India". Is there any working plan to address this issue? I know many of you may mention the improvement on literacy rate, but if being literate merely means one can write his own name or read traffic signs, they are not employable in any modern manufacturing facilities, so India's supposed "demographic dividend" will not be realized.

I would love to see India Gov has a solid plan to address this issue now.

china has enjoyed "demographic dividend" for almost 40 years,all of labors are illiterate or semi-illiterate migrant workers

 

[Dungeness]

china has enjoyed "demographic dividend" for almost 40 years,all of labors are illiterate or semi-illiterate migrant workers

That is not true. When is the last time you talk to someone who did not have at least primary education?

 

[somebozo]

All the emerging economies are in deep water because feds in the US decided to cut a few things...we have to wait and watch...as manufacturing picks up in US..a lot of divestment will take place around the world..

 

[Zhang Fan]

That is not true. When is the last time you talk to someone who did not have at least primary education?

i don't see any difference between a sheer illiterate and primary school graduates

 

[Dungeness]

i don't see any difference between a sheer illiterate and primary school graduates

There is not difference if you try to hire them as an engineer, there is a big difference if you just hire them to work in production lines. To work in production line, they should be at least able to read and understand "work instructions". I have been to many factories in Zhejiang, and the minimum education requirement to work in production is Junior high school, 9 years education. The laborers in construction sites would be different.

 

[Nilgiri]

and besides slogan of "Skill India", is there any concrete plans to implement these goals?

Skill India is the concrete plan. It is supposed to cover everything regarding the aspect of labour training. Like we discussed this comes from the larger spending going towards the ITIs and more importantly great cohesiveness and joint-integration with the private industry requirements (from what I have heard). But the real results will only be seen in a couple years time. This years budget will apparently have a really big MSME focus so I expect there to be more policy directive on it...or shortly after the budget. We shall see.

India produces lots of university graduates every year, but India's primary and secondary education, especially in rural areas, remains in shamble state. These people are the real power behind "Make In India", and the foundation of "Skill India". Is there any working plan to address this issue? I know many of you may mention the improvement on literacy rate, but if being literate merely means one can write his own name or read traffic signs, they are not employable in any modern manufacturing facilities, so India's supposed "demographic dividend" will not be realized.

Not enough progress on Education reforms. This will be the main thing to watch out for this year. There has been a marked increase in rural school participation through various programs....but we will have to see either consolidated increase in budget allocation to primary and secondary schools....or something along the lines of a voucher system so greater private school education can reach more.

Actual changes in school teaching and teaching quality will need to come with time....its not all bad, but quite variable. This is a problem in most countries of Asia...even rich ones (rote learning instead of greater creative thought learning). For manufacturing type jobs, its not so important as effective reach and adequate quality and retention....but nonetheless there must be more avenues available to select the brightest minds and have a system in place to properly nourish them at the very least.

The good news regarding this govt in education is they are aggressively pushing through a rating mechanism on reviewing schools and education programs in general. This would indicate they are serious about focusing on allocating the resources appropriately for public school education in the coming years to bring up to a certain minimum standard. There is also great decentralisation of funding...so states will have better control of their education financing and system. This is also very welcome as ill-managed states will be forced to adapt better methods and cannot blame the central govt as much as before....their feet will be held to the fire by their own populations. Indians are not willing to take the same excuses as before....I have seen this more and more on the ground....and thats the real big thing I am optimistic will bring long term change to the country. People have tasted success or seen success....they are not content to sit and be content and be satisfied. The only question is how long it will take...will it be half a generation? Less? A full generation?

I would love to see India Gov has a solid plan to address this issue now.

I will be watching the budget session of parliament, the budget itself and policy directives this year....so lets see. They have built enough momentum and leverage up, its time to use it decisively.

 

[Zhang Fan]

There is not difference if you try to hire them as an engineer, there is a big difference if you just hire them to work in production lines. To work in production line, they should be at least able to read and understand "work instructions". I have been to many factories in Zhejiang, and the minimum education requirement to work in production is Junior high school, 9 years education. The laborers in construction sites would be different.

Lol! i believe making an illiterate a qualified robot for production line merely requires the factory hring them a little trouble of training them,maybe the difference the so called "9 years education" makes in china is to foster the coerced sense of toeing the line in everybody' mind,so they will be easily exploited like a voluntary slave after they are sent to factory

 

[Dungeness]

There is a fair critical sentiment for this too in India too. Defence forums portray one small slice of Indian society...and even in here there are enough educated old timers (from what i have seen) to not be so easily swayed by media sensationalism.....and a fair collection of Modi/BJP haters too.

If this year does not consolidate well economically in two main areas: Agriculture, Better quality jobs for youth....Modi will find his political fortunes (already slipping slowly) really start to fall away.

"Main" economic reforms like GST, landbill are actually quite secondary to this (Education, training + labour reforms/programs). This will be the main year for this....there may be one more year of chance (2017) but after that it is anyones ball game for the next election since any positive effects from anything done after will not have time to trickle through.

This year will basically be the final year of me extending strong support to Modi and his govt if he does not take strong decisive action on the most important issues.

What is your take on this article written by your former FM? Obviously, he is not one of those "Move Over, China!" guys in Indian Government.

http://indianexpress.com/article/op...al&utm_source=twitter.com&utm_campaign=buffer

 

[45'22']

We need double digit growth

 

[Pulsar]

Doesn't matter a shit to the common man! Mutton has crossed Rs 550 per kg, eggs Rs 60 a dozen, Chicken Rs 220 per kg and dals hovering around Rs 200 per kg.

'Fastest growing economy' has meant the poor eating grass instead as the cost of survival has gone through the roof! All this nonsense is music to the ears of economists only.

 

[Dungeness]

Doesn't matter a shit to the common man! Mutton has crossed Rs 550 per kg, eggs Rs 60 a dozen, Chicken Rs 220 per kg and dals hovering around Rs 200 per kg.

'Fastest growing economy' has meant the poor eating grass instead as the cost of survival has gone through the roof! All this nonsense is music to the ears of economists only.

Chicken is even more expensive than that in US. How the high speed of growth in India for the past 20 years benefit the common folks? Better food, better housing, better transportation, better education?

 

[Pulsar]

Chicken is even more expensive than that in US. How the high speed of growth in India for the past 20 years benefit the common folks? Better food, better housing, better transportation, better education?

That's the problem! It hasn't benefited the common man at all! He's stuck in a time warp with no hope of salvation from the high cost of living.