India's Economic Recovery In Sight : Moody's

[HariPrasad]

Is that supposed to be good news?

That sounds like the worst news possible.

Considering India's low economic base size (compared to population), double-digit growth is pretty much necessary if India wants to become a developed country this century.

China grew at double-digits for over three whole decades, and yet we are still a developing country!

That depends on what is called modest. Currently we have 4.5 to 5% growth rate. We consider it a slow down and derailing of economy.

Our modest growth should be some where between 6 to 7%. If a good government comes to power, they can certainly push it above 10%. We have all BJP rulled states have growth rate above 10%.

 

[HariPrasad]

The gap is widening on daily basis: we achieved a 7.8% growth for Q3 2013.

india needs an uprising to change it fate.



there shouldn't be a nation called india in the first place.

also how is life in your dirty backward loser nation called UK?

Quoting fake figures are useful in cheating people but not bringing up the leaving standard of people.

We do not do this to inflate our GDP.

http://www.defence.pk/forums/world-...flated-china-s-gdp-900-billion-last-year.html

 

[illusion8]

BSE Sensex jumps 467 pts to close near 3-year high as market mood rises on RBI repo rate - Indian Express

The BSE Sensex on Friday surged 467 points while the NSE Nifty gained 143.5 points, marking their highest close in nearly three years as banks rose on value-buying while blue chips gained as foreign investors extended their buying streak to a tenth consecutive session.

 

[Chinese-Dragon]

That depends on what is called modest. Currently we have 4.5 to 5% growth rate. We consider it a slow down and derailing of economy.

Our modest growth should be some where between 6 to 7%. If a good government comes to power, they can certainly push it above 10%. We have all BJP rulled states have growth rate above 10%.

The article defines "high growth" at around 8%.

And "modest growth" at around 6%.

 

[HariPrasad]

The article defines "high growth" at around 8%.

And "modest growth" at around 6%.

That is what exactly I say. Even modest growth may push our economy around 6 to 7%

 

[Chinese-Dragon]

That is what exactly I say. Even modest growth may push our economy around 6 to 7%

Due to compound interest, even small differences in growth rate can have a massive impact over time.

The difference between 8% and 6% average growth rate in the long-term is huge.

 

[3Idiots]

And yet, for a population of 1+ billion people, even a sustained double-digit growth rate for three continuous decades was not enough.

Not even close.

The only consolation is that we are doing quite well in terms of social indicators, such as life expectancy, maternal mortality ratio, etc.

china also has a consolation ... world will remember that once a "prc" existed which willingly or unwillingly sacrificed itself for providing heat to the world.

amen.

 

[Jackdaws]

That depends on what is called modest. Currently we have 4.5 to 5% growth rate. We consider it a slow down and derailing of economy.

Our modest growth should be some where between 6 to 7%. If a good government comes to power, they can certainly push it above 10%. We have all BJP rulled states have growth rate above 10%.

Actually, if any single party comes to power - the 10% growth rate is possible. But we now have more than 10+ coalition partners + support from outside. NCP with 9 seats has the Agricultural Ministry - the largest chunk of our population comes under that. The BJP will not win complete majority. No one will.

 

[Chinese-Dragon]

china also has a consolation ... world will remember that once a "prc" existed which willingly or unwillingly sacrificed itself for providing heat to the world.

amen.

And you have no consolation, except for having more poverty and malnutrition than the continent of Africa, as well as a much lower growth rate. At only 4.4%.

 

[Jackdaws]

And yet, for a population of 1+ billion people, even a sustained double-digit growth rate for three continuous decades was not enough.

Not even close.

The only consolation is that we are doing quite well in terms of social indicators, such as life expectancy, maternal mortality ratio, etc.

I would like to ask if this growth rate is skewed or is it geographically well distributed. An Aussie friend of mine working in China took the same train that the working in Shanghai did to explore the villages. This was in 2009. He said Shanghai is world class but the more you move away it - the more congested the trains, the more the poverty and the more the lack of development. Perhaps you can shed some light on this.

In my opinion, India's biggest obstacle is its endemic corruption at every layer of our society. To get even the simplest of licenses - you have the bribe the Municipal Corporation, the Fire Department for an NOC, the State Government - pretty much everyone. Successive Governments have pretty much screwed the country over.

 

[3Idiots]

And you have no consolation, except for having more poverty and malnutrition than the continent of Africa, as well as a much lower growth rate. At only 4.4%.

Do you even know the number of undernourished chinese .. in the "shining prc" ?

(and i don't ask you count in those who get the "rich" diet of cadmium rice).... just those, plain no food.

Find out and let me know.

 

[HariPrasad]

Due to compound interest, even small differences in growth rate can have a massive impact over time.

The difference between 8% and 6% average growth rate in the long-term is huge.

Everybody know that. anything new?

 

[HariPrasad]

Actually, if any single party comes to power - the 10% growth rate is possible. But we now have more than 10+ coalition partners + support from outside. NCP with 9 seats has the Agricultural Ministry - the largest chunk of our population comes under that. The BJP will not win complete majority. No one will.

Vajpayee pushed Economy from 5% to 8.2% with 24 party government. Namo has the capability to push it above 10%.

 

[S10]

What does this have to do with China? Why is China even being discussed in here?

 

[faithfulguy]

India can't match China's growth rate. China is an outlier. Forget India - no state can match China's economic growth rate unless it adopts China's hybrid model of Communist Government and Capitalist Economy. Cuba is the only country on the horizon which can get those numbers eventually. But it is too tiny to really matter. China deserves kudos for its achievements - it has lifted a lot of people out of poverty. It is not possible for India to adopt such a model although many middle class Indians would like it. For our poor, the only right they well and truly enjoy is the right to vote. They are not going to give it up for an upper strata of society.

Why would the ultra poor care about voting when they don't know if they are going to have food for the night. Its only the middle class literate mass that care about politics. The illiterate poor do not care about politics.