The_Sidewinder
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Dude,
You are making same mistake in your calculation as dontello was making. ( frankly Economics education as high school level need to improve on both side of the border).
Iff India's real GDP growth rate is 8% ( stated by you ) and India's Inflation rate is 6% ( considered optimum by RBI ) than India's nominal growth rate would be 14%, Given there is no appreciation/depriciation in currency.
In This case India would have close to $8.5 trillion GDP by 2025-26.
Dude,
That was due to depriciation of rupee.
little bro, i hope in real life, it is that easy. If economic calculation were that perfact, our country would have already crossed the 3 trillion mark. You know economy is based on so many assumptions, but in the end they are assumptions. When I was doing my MBA, we studied so many cases where we analysed & realised that mere economic assumptions does not depict the reality. There are too many uncontrollable variable to economic growth. Problem being, resources we need for faster growth are so scarce in nature. You need abundance on resources to continue that kind of growth.
From economic point of view, your calculations are correct. But realistically, those figures will be hard to achieve even with every bit of assumptions by our side. Trust me I dont hold my MBA in Finance degree for nothing.
By the time you will complete your education, your gonna realise.
Real world is quite different from theory.