Indian economy going to Hell in a handbasket as more Modi Magic appears

[Abu Shaleh Rumi]

Meanwhile Bangladesh will have 1500% growth and will achieve 5 trillion economy before India

Obviously we will have economic growth. Our autocratic government survives by delivering economic prosperity (which is visible and we can feel it). Unlike, india where parties win election by demonizing Muslims and doing everything possible to harm Muslims and win hindu votes. Lol...

thanks to Bangladesh Bureau of Statistics.

BBS aren't saint but, they aren't as bad as ISS. You folks have changed your GDP calculation method to show economic growth. Lol.

https://www.wsj.com/articles/india-changes-gdp-calculation-method-1422622762?

 

[SuvarnaTeja]

Indian economy will certainly face the shock of this war. But I don't know if India's decision to buck western energy sanctions on Russia has been factored into this downward assessment.

India's future is with the West.

Foreign Investors have pulled out more than one lakh crore rupees from Indian economy in first 3 months of 2022.

Modi Magic is exceeding all bounds!!

To keep hoodwinking the Indian electorate, more Godi Media tricks are being hatched.

https://twitter.com/x/status/1508335965034938372

Modi hain toh mumkin hain

 

[GamoAccu]

You have an actual point or you just gonna post random articles you can find under the Google search "give me shit post on India plzzz plzz plzzz"??

No, I googled "India Superpower 2020" and it gave me that article.

 

[Kyusuibu Honbu]

Can you post the link on UN GDP projection here

Tapering in a time of conflict: Trade and Development Report Update (March 2022)

 

[Wood]

Tapering in a time of conflict: Trade and Development Report Update (March 2022)


View attachment 828531

Seems like India had the worst impact of the countries listed, second only to Russia

 

[Bilal9]

Seems like India had the worst impact of the countries listed, second only to Russia

India's economy is effed up for more than one reason, all attributable to this fast-talker Nazi populist idiot Modi. Note-bandi was just one in a series of massive eff-ups dreamt up by unqualified idiots like Nirmala-la-la.

Top-down growth doesn't suit 3rd world hovels like Bangladesh and India, but Modi and his great economic minds think they have a first world economy, so Top- down growth is what they focus on. Wrong!

Bangladesh continues to grow because they have an economy based on solid fundamentals of bottom-up growth where things forgotten in India like inclusivity (Dalit employment, anyone?), womens' education, basic health/hygiene and other HDI parameters are focused on. Got to have a strong foundation to build on. Otherwise - close, but no cigar.

You cannot have Shivaji airport next to Dharavi and call India a first world country. Can't have Antilla sitting next to slums and call it "Normal and acceptable".

 

[Wood]

India's economy is effed up for more than one reason, all attributable to this fast-talker Nazi populist idiot Modi. Note-bandi was just one in a series of massive eff-ups dreamt up by unqualified idiots like Nirmala-la-la.

Top-down growth doesn't suit 3rd world hovels, but Modi and his great economic minds think they have a first world economy, so Top- down growth is what they focus on. Wrong!

Bangladesh continues to grow because they have an economy based on solid fundamentals of bottom-up growth where things forgotten in India like inclusivity, womens' education, basic health/hygiene and other HDI parameters are focused on. Got to have a strong foundation to build on. Otherwise - close, but no cigar.

Yes, I'm not very bullish about the centrally directed model a well.

 

[Maula Jatt]

Yes, I'm not very bullish about the centrally directed model a well.

every country grew that though- UK, US never focused on fancy inclusivity or the poor people when they were developing nor did China afaik
its a nice to have but not a requirement

 

[K_Bin_W]

Economy of the country and economic condition of the majority population started to look different.


Pakistan economic condition is not that good(the perception) but the living condition, the living standards vis a vis, food security, housing, disposable income(buying power), education, jobs(income levels) are better than neighboring countries.

The country's economy and the economic condition of the people are two diffeent parameters.

That's because Pakistan has a huge under ground economy.

 

[Bilal9]

every country grew that though- UK, US never focused on fancy inclusivity or the poor people when they were developing nor did China afaik
its a nice to have but not a requirement

Well we can agree to disagree, but I don't consider inclusivity fancy or optional. Women and the poor must be members of the workforce. This did work in China and of course the UK and US.

By inclusivity I mean that of education, opportunity and thereby wealth. For the poor, under-educated and of course women.

Value addition per capita is directly related to education. Educated people add more value per unit of time.

If you don't educate your poor than how will you have a well-educated workforce who will add higher quality labor and value for export?

A country cannot survive on low grade labor and price-leader value-addition forever. They will get priced out of the market as soon as salaries go up and become uncompetitive compared to surrounding countries in the same economic tier.

This is the very reason some countries in ASEAN have faced middle income trap.

@Homo Sapiens, @jamahir bhais and brother @Indos would you agree?

 

[Wood]

every country grew that though- UK, US never focused on fancy inclusivity or the poor people when they were developing nor did China afaik
its a nice to have but not a requirement

I did not mean inclusive growth. The central government's PLI scheme is a variation of the old socialist policies. GOI believes that it has given the old policy enough twist to make it work better than it did last time. We'll find if it brings success in a decade or so.

 

[Maula Jatt]

I did not mean inclusive growth. The central government's PLI scheme is a variation of the old socialist policies. GOI believes that it has given the old policy enough twist to make it work better than it did last time. We'll find if it brings success in a decade or so.

can you elaborate please

 

[Cheepek]

UNCTAD saw 2021 growth rate at 5% in March 2021.

UNCTAD sees India growth at 5% in 2021

UNCTAD said for the global economy, the overall cost of the crisis has been exorbitant with the brunt of the hit to the global economy being felt in developing countries with limited fiscal space, tightening balance of payments constraints and inadequate international support.

economictimes.indiatimes.com

Now they assess the same at 8.3%.

Resident economists and lunginomists should calm their tits.

 

[Maula Jatt]

Economy of the country and economic condition of the majority population started to look different.


Pakistan economic condition is not that good(the perception) but the living condition, the living standards vis a vis, food security, housing, disposable income(buying power), education, jobs(income levels) are better than neighboring countries.

The country's economy and the economic condition of the people are two diffeent parameters.

fat pigs should start paying their fair share of taxes and become part of the economy not the shady world
Stop modeling your country after Sri Lanka, Lebanon whose people are fattened up with consumerism but the production sector is So So - you are too big, strong, and important in the geopolitical stage to afford this retardation
If you don't get up and smell the coffee- it'll collapse
we experienced a mini version of it in 2018 - it'll only get worse from here on out

 

[Wood]

can you elaborate please

Under the new PLI scheme, the government has identified focus industries and has promised to subsidise local production (for winners) supported by import tariffs. This push towards local production by force reminds me of license raj. Import tariffs may hurt other industries that depend on cheap imports for their production. I hope you can understand the rest.

Individual states cannot really promote industries that are outside the ones that Central government wants them to focus.