Look How Rich India's Become Under New Prime Minister Modi

[unbiasedopinion]

The fact that no Govt has been able to get GST passed should tell you how vexed the issue is.

And yes, GST will lead to easier taxation, less taxation, faster transfer of goods across India and more money in Govts hands and more infrastructure.

It is estimated that implementation of GST alone will increase Indian growth rate by 1.5% each year.

Same was said about VAT too..What happened to it? It become added extra tax on top of the existing taxes of that time and its keep on increasing every year...Look at the education cess..it is also increasing but whats the output and where is it used? increasing the fees and filing only few pockets (management etc)...

 

[ito]

As India is one country, it should be easier for India to regulate it's economic policy than Africa's 50 independent countries.

Between 2004-2009, India was pretty much growing more than 8% annually and during 2010 and 2011, the growth rate was over 10%. Still India had more poverty than Africa.

Those 13-14 million new babies (around 17 million in absolute terms) each year means providing new hospitals, schools, food, shelter, etc. on top the 1.2 billion populous.

Yes, as one country you can regulate and a continent is not a political entity like a country. Hence you comparisons don't stand.

You should check the poverty decline rate in India in last decade. It was almost 50% came down to 30%.

Yes when you are calculating GDP growth rates all the 13-14 million news babies are included. The country has a whole grows after all the 13-14 million new born are Indians

 

[Chanakya's_Chant]

Simply because Pakistanis don't go around claiming their country is the upcoming Supa Powa even when the economy grows at around 8% at some intervals it's history.

Why to change the topic when you can't keep up the argument? Oh wait! maybe that's what you are good at!

 

[temp1994]

Did i say decreasing the fuel prices? I only asked when the fuel prices were reduced, then why not the cost of the services dependent on the fuels were reduced? Isn't it proportional? Isnt it giving more profit in the pockets of transporters, etc etc by robbing me of the benefits of the reduced prices?

Dude, That is because fuel prices have not been reduced commensurately with fall in crude prices.

I am with government on this one. Current fall in crude prices may be temporary if US shale does not come up with new extraction technology to win this trade war with Saudia. Lowering fuel prices would be a bad decision as raising them again would be difficult , both economically and politically. Government is acting smart in keeping major part of this crude Bonanza for itself. As I said, I would be glad if government act as government and invest in public infrastructure rather than providing LPG subsidies to rich and middle class.

 

[Cyberian]

Good lord...comparing a country with a continent...what next Genius. Why not Compare India and Pakistan??

Pakistan (189 million people) can be compared with the following countries:

Brazil: 204 million people
Nigeria: 183 million people

Yes, as one country you can regulate and a continent is not a political entity like a country. Hence you comparisons don't stand.

You should check the poverty decline rate in India in last decade. It was almost 50% came down to 30%.

...

What's India's poverty line, $1.25?

 

[Jayanta]

Pakistan (189 million people) can be compared with the following countries:

Brazil: 204 million people
Nigeria: 183 million people

So the only parameter is population ...not the size of the country my dear??? Why no compare country with same size population and who got independence at the same time. Now Brazil with a huge size...low population has an upper hand.

 

[Cyberian]

So the only parameter is population ...not the size of the country my dear??? Why no compare country with same size population and who got independence at the same time. Now Brazil with a huge size...low population has an upper hand.

Look at Japan, small nation with no natural resources.

No excuses.

 

[ito]

Pakistan (189 million people) can be compared with the following countries:

Brazil: 204 million people
Nigeria: 183 million people



What's India's poverty line, $1.25?

You should take World Bank statistics

Poverty Analysis - India: Achievements and Challenges in Reducing Poverty

Remarkable Declines in Global Poverty, But Major Challenges Remain

 

[Jayanta]

Look at Japan, small nation with no natural resources.

No excuses.

Japan, UK etc are imperial countries...and developed. You don't cease to amuse me with your stupidity. Thanks for the entertainment...no doubt you are an shining example of Pakistani education.
India is doing well...you accept it or not doesn't matter. We know what we lack and are doing much better than your country...but we have a far way to. Better compare your country with Japan then...and then compare India with Japan and you will see the difference.

 

[magudi]

Luck also favored Modi. The oil prices are at the lowest saving India lot of foreign exchange.

Don't sideline modi on luck.

UPA1 which supposedly saw the highest economic growth was also marked by low oil prices. But then oil prices were always our Achilles heel, UPA did very little to bring about a change in that while they could've

 

[Cyberian]

You should take World Bank statistics

Poverty Analysis - India: Achievements and Challenges in Reducing Poverty

Remarkable Declines in Global Poverty, But Major Challenges Remain

Who are you kidding? Is the Per Capita (Nominal GDP) around $20,000, $30,000 or $40,000 in India?

Even Zambia, Ghana, Sudan, etc. have higher Per Capita rate than India.

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

 

[Established_1965]

Singapore internet is soooo slow, wtf?!?!

Na, its very high!

Taken 9 months back when i was in SG. Missing it badly

 

[magudi]

Na, its very high!

India is among the slowest on that front iirc second only to Indonesia

 

[Established_1965]

India is among the slowest on that front iirc second only to Indonesia

Yeah i know but ACT broadband is providing good speed.

 

[temp1994]

India racks up $36 billion of external debt in just one year.

India’s external debt at $426 billion in December - The Hindu
India's end-Dec external debt at $461.9 bn | Business Standard News

Averages out to $690 million a week in 2014.

Stop acting like a quim and get some real education.No surprise SUPARCO sucks donkey balls at its job when people like you are employed by it.

This is total external debt ( Public + Private) of India, not External Sovereign debt. India's external sovereign debt is just $90 billion, most of which is long term debt from multilateral agencies like World Bank and ADB.

http://finmin.nic.in/the_ministry/dept_eco_affairs/economic_div/ExternalDebt_Dec14_E.pdf

At 23%, India has healthiest External debt to GDP ratio in whole world. Compared to India, UK has a External Debt to GDP of 406%, US 106%, Germany 145%, France 222%, and even China's 37.5%.

List of countries by external debt - Wikipedia, the free encyclopedia

No. A minimum of 7% growth for a poor country only works if the population growth is not out of control for that country. In India's case, population increases by around 13-14 million people each year easily wipes out the 7% economic growth.

Population of Africa: 1.1 billion
Population of India: 1.2 billion

Nominal GDP of Africa: 2.6 trillion
Nominal GDP of India: 2 trillion

Nearly 40% of that 2.6 Trillion GDP is contributed by two countries, Nigeria ($ 600 Billion) and South Africa ($350 billion). Nigeria due to its Oil and South Africa due to its Gold and Diamonds.