Indian economy's worth expected to rise to $1.7 trn

[conworldus]

indias economy has risen, its just that the indian rupee is losing value. But its not imprtant

It is actually very important. The Indian Rupee is not an internationally accepted currency (sans the case of the Iran which was under sanction). During the fall, the Indian forex reserve also dwindled and stayed consistently below 300 billion, which is too small for an economy that largely depends on agriculture. Mind you, Hong Kong being a city has more forex reserve than India. Now you throw in pretty scary inflation, what we see is greatly diminished Indian purchasing power on the international market. India needs to import oil, manufactured items, and technology to keep the economy running. India is in a dangerous position, and will take a very determined government, very carefully crafted policies, and very good global economic growth to overcome the sluggish growth. I don't see any of the above.

 

[karan21]

It is actually very important. The Indian Rupee is not an internationally accepted currency (sans the case of the Iran which was under sanction). During the fall, the Indian forex reserve also dwindled and stayed consistently below 300 billion, which is too small for an economy that largely depends on agriculture. Mind you, Hong Kong being a city has more forex reserve than India. Now you throw in pretty scary inflation, what we see is greatly diminished Indian purchasing power on the international market. India needs to import oil, manufactured items, and technology to keep the economy running. India is in a dangerous position, and will take a very determined government, very carefully crafted policies, and very good global economic growth to overcome the sluggish growth. I don't see any of the above.

Well said!!!

 

[faithfulguy]

It is actually very important. The Indian Rupee is not an internationally accepted currency (sans the case of the Iran which was under sanction). During the fall, the Indian forex reserve also dwindled and stayed consistently below 300 billion, which is too small for an economy that largely depends on agriculture. Mind you, Hong Kong being a city has more forex reserve than India. Now you throw in pretty scary inflation, what we see is greatly diminished Indian purchasing power on the international market. India needs to import oil, manufactured items, and technology to keep the economy running. India is in a dangerous position, and will take a very determined government, very carefully crafted policies, and very good global economic growth to overcome the sluggish growth. I don't see any of the above.

Unfortunately, Indian politicians generally pander to the impoverished during the election time. When the majority of the population go hungry most nights, democracy just do not work.

 

[Gautam]

Good, Than how much share of this 1.7 trln impect will be reached to a poor Indian who live below the line of poverty level ?

Nothing. Those dollars are just for our politicians. I think poor people should now contact BCCI just like PCB was doing all along.

 

[bolo]

OP article is incorrect. IMF and World Bank put India's GDP at 1.85 trillion dollars in 2012.

List of countries by GDP (nominal) - Wikipedia, the free encyclopedia

I would trust IMF & World Bank on these matters anyday

Yes, IMF is reliable but not Wikipedia fool!

 

[Hypersonicmissiles]

India will be a poverty-stricken country for generations to come. Indians are institutionally corrupt and intellectually challenged. That's why they are useless at sports and useless in education.