Will India become the next fastest growing economy in Asia?

[illusion8]

A brilliant economist who allowed such massive current account deficit to occur, if he couldn't even control CAD due to political pressure why the hell didn't he resign from his job ?History would have judged him far more kindly.

I agree he had wrong personality traits and his "wrong" fealty to the Gandhi clan, he had to burden himself with a mixed coalition government, had to be always at the beck and call of Mrs Gandhi, put up with corrupt ministers and coalition partners and maintain "secularity" - also put up with a with a global recession. He would have done wonders in an ideal setting.

 

[Who.Cares]

One is entitled to one's views, of course. But to convince others you need to provide appropriate facts/figures to support your claim.

Otherwise, it comes across as a rant, nothing more.

Only time will tell Facts and figures can be manipulated too.

 

[fitpOsitive]

More then speed we need stable growth in economy which covers all the sections of society.

Speed is the measure that entertains people who like to see figures, but majority of mass want to see all inclusive growth thats continues for long period. A year of high and then many years of uncertainty is not good..

exactly... like German model. Although the rate of growth is low, but you know Germany is stable after all what is happening around her in Europe.

 

[Viper0011.]

Its important not to compare to China in terms of policy implementation. The CPC has a tendency of policy reforms that may provide short term gains, but result in long term effects, an example has been their environmental exigency. A result of Mao-era environmental engineering.

Again, one thing that the Indian government can learn from the Chinese are more so operational policy initiatives in context to manufacturing processes. India's industry has not reached potential , and focus is on light service sector, heavy industry has yet to be tapped. Hard industry such as manufacturing is what will produce hundreds of thousands of jobs that will transform Indian civil society on the grassroots level to the national polity level. It may even have an effect on urbanization levels as well as greater infrastructure development to meet urbanization rate.

India is ALREADY the fastest growing economy....I think you are a little one year too late in writing this stuff. They are smart people and know what they are doing. In fact, they are doing it a little too much and too fast. Good for them and I feel sorry for the countries not reading into India's game

 

[dadeechi]

Rao indeed was critical. But one man that is not given enough credit is Mr. Singh. Mr. Singh was 'silent' and not as 'vocal' as Modi, but by Jove, the man was a policy genius. Tactical and shrewd, by all means.

You are wrong.

Manmohan Singh (MMS) may be an intellectual but it was Rao (PVN) who gave him the free hand to pursue the planned objectives.

MMS as finance minister under PVN achieved more than what he could achieve as Prime Minister himself.

Under PVN's leadership, India vetoed the CTBT and Arundhati Ghose India's ambassador to the United Nations Committee on Disarmament proclaimed 'Not now, not ever.'

PVN was the one who gave the go ahead for India's 2nd nuclear test even though it was ABV who actually executed the plan.

India established formal relations with Israel under PVN

India started the procurement of it's current frontline fighter SU-30MKI under PVN's leadership.

Again it was PVN who gave free hand to KPS Gill to end the terrorism in Punjab.

Note PVN achieved all this, running as a minority government against all odds (India's Financial Crisis of 1991, Collapse of USSR, Insurgencies in Kashmir & Punjab, CTBT, GATT, TRIPS, WTO etc.).

India was very fortunate to have PVN at that critical juncture. It's also sad that due credit was never given to him.

 

[Lonely Hermit]

You are wrong.

Manmohan Singh (MMS) may be an intellectual but it was Rao (PVN) who gave him the free hand to pursue the planned objectives.

MMS as finance minister under PVN achieved more than what he could achieve as Prime Minister himself.

Under PVN's leadership, India vetoed the CTBT and Arundhati Ghose India's ambassador to the United Nations Committee on Disarmament proclaimed 'Not now, not ever.'

PVN was the one who gave the go ahead for India's 2nd nuclear test even though it was ABV who actually executed the plan.

India established formal relations with Israel under PVN

India started the procurement of it's current frontline fighter SU-30MKI under PVN's leadership.

Again it was PVN who gave free hand to KPS Gill to end the terrorism in Punjab.

Note PVN achieved all this, running as a minority government against all odds (India's Financial Crisis of 1991, Collapse of USSR, Insurgencies in Kashmir & Punjab, CTBT, GATT, TRIPS, WTO etc.).

India was very fortunate to have PVN at that critical juncture. It's also sad that due credit was never given to him.

I consider him India's greatest Prime Minister .

 

[ThaniOruvan]

No.

You don't know anything more than that right?
That is the reason you simply said 'No'. Do you even know why you said that ?

 

[homagnibhatt]

Only time will tell Facts and figures can be manipulated too.

Indeed. So hold on & keep watching.

 

[dadeechi]

I consider him India's greatest Prime Minister .

Absolutely PVN is the greatest PM India ever had.

 

[Tridibans]

India is ALREADY the fastest growing economy....I think you are a little one year too late in writing this stuff. They are smart people and know what they are doing. In fact, they are doing it a little too much and too fast. Good for them and I feel sorry for the countries not reading into India's game

Nice post from you... for a change

And regarding the bolded part, we are not saints and we didn't elect Modi to do free charity.... We will continue to look at our benefits and be like how any country is supposed to be

 

[Echo_419]

India is ALREADY the fastest growing economy....I think you are a little one year too late in writing this stuff. They are smart people and know what they are doing. In fact, they are doing it a little too much and too fast. Good for them and I feel sorry for the countries not reading into India's game

Nice to read a good post from you

 

[Storm Force]

India is a poor developing counry ...... that statement will make some people happy

India has a VERY VERY LARGE GDP $2.3 trillion AND a very big bank balance $365 billion AND is growing very very fast annually........ some people Will find this uncomfortable...

India has huge population some 30% below poverty line... BUT they will keep lowering this to under 20% this decade

THEY ARE GOING WELL

 

[Viper0011.]

Nice to read a good post from you

Believe it or not, there are a LOT of pro-India posts I've written. I don't write about India because I hate her. I write about certain things like the religious and minority related stuff as you have a huge issues and IMO its not being addressed. The US had issues with AA race too. But the nation paid attention to it and now, its VERY minimum, and our President is AA today. That, otherwise, would've never happened if the nation was still stuck in the 60s. Similarly, now its time that India paid attention to those issues.

Outside of that, India is obviously the fastest growing economy, I actually appreciate the fact that Modi finally gave the US billions worth of business and all. So there are a lot of good things about India. But this one minority murders and all, is pretty much the ONLY thing (and one of the worst to have). So the point behind my writings is to create that awareness, in INDIAN minds, more than anyone else. You guys tend to be over patriotic so its hard for only ONE negative thing to stick in your head. For examples, the sane, educated whites realized a LONG time ago (decades ago), that there was a Race issues inside the US. But in comparison, I couldn't get one Indian person to agree that there are issues inside India due to their holier than cow and over patriotic behavior. Hope this makes sense to you. My posts about minority related issues, IF taken and understood properly and say you tell 5 people there is an issue, those 5 told another 5 and another 5, you know what I just did? Started a peaceful silent revolution to create awareness so you can further protect your minorities!!!

 

[KIND]

Proud that PM Modi now taking q in FB Menlo park

 

[ito]

With China slowing down, it should not surprise all for India to become the fastest in Asia. Unless India achieves 8 to 9% growth rate nothing substantial has been achieved by India.