Dr. NooB NinjA
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- Jun 3, 2011
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Your logic is absurd, because, money coming in is not lying around in a bank account, It is put into work, invested, stuff built, goods produced. you wouldn't be talking like this if you know the multiplicity effect of money. Why do you keep harping about FDI, when we are talking about GDP and GDP per capita. The $23.7 billion FDI you are talking about is only about 1.5% of the $1.53 trillion GDP, so there little effect even if you make the entire FDI zero. Indian economy is not FDI dependent anymore, its true, we got our first few years of growth as a result of outsourcing, but now our economic growth is mostly domestic consumption driven by an expanding middle class.
Summed it up just nice..!!