BBC: India growth figures baffle economists

[Beidou2020]

Maybe. But why now? Elections are far away and it reflects positively on previous govt. than the present one.

Modi is a a shrewd dictator, he knows how to play the game.

 

[Luca1]

Maybe. But why now? Elections are far away and it reflects positively on previous govt. than the present one.

How about its for chest thumping purposes. There got to be a reason for this kind of adjustment now. You can tell me why....

 

[Beidou2020]

It is not on steroid. We had 6%+ to 9% growth rate since 2003 except couple of years even by old standard of measurement. So now Hindu growth rate has become 7% from less than 5% which it used to be few years back. So linking it with steroid doesnt seem logical. 7% is a normal growth rate now.

When the global economy (especially emerging markets) is slowing, India accelerates.
That's like a sprinter running 11 seconds and in 1 week runs under 10 seconds.
Doesn't pass the bulls*t smell test.

 

[Luca1]

When the global economy (especially emerging markets) is slowing, India accelerates.
That's like a sprinter running 11 seconds and in 1 week runs under 10 seconds.
Doesn't pass the bulls*t smell test.

Well, they are now saying the previous method was incorrect. Indians must be very stupid up until a weeks ago. Now, they are geniuses. LOL

 

[SpArK]

Modi is a dictator. He can do anything now.

He can do things that have been allowed as powers by the constitution of India.

Please provide the decisions he made which is reminiscent that of a dictator if you have anything to back that allegation apart from nonsensical rants.

 

[vsdave2302]

When the global economy (especially emerging markets) is slowing, India accelerates.
That's like a sprinter running 11 seconds and in 1 week runs under 10 seconds.
Doesn't pass the bulls*t smell test.

That was true with china also. I ask you the same question. Now apply your logic to china.

 

[my2cents]

How about its for chest thumping purposes. There got to be a reason for this kind of adjustment now. You can tell me why....

My understanding is that this revision was proposed by the Manmohan govt. and its results are out now. Many of the proposals that are in works by the previous govt. were endorsed by Modi in the first 100 days. I haven't seen any radical out of box thinking by Modi govt.

 

[dray]

And the Indians here are so excited. They are probably wondering if they are ready to start importing white servants.

So have you applied for the post a$$hole?

 

[vsdave2302]

Well, they are now saying the previous method was incorrect. Indians must be very stupid up until a weeks ago. Now, they are geniuses. LOL

We have yet to master the art of deception like this:

Local governments inflated China’s GDP by $900 billion last year

So get relax.

The day when we master that, our GDP shall double in 2 years.

 

[Echo_419]

Correct, calculation is underway now, so our GDP figure will be much bigger after that but it will not affect growth calculation though. Before, we still use 2003 as based year, and now we try to use 2013 as based year if I am not mistaken.

Good to know & now that we have Indonesian & UK on our side,the Pakistanis now have one less topic to troll

 

[Fattyacids]

We have yet to master the art of deception like this:

Local governments inflated China’s GDP by $900 billion last year

So get relax.

The day when we master that, our GDP shall double in 2 years.

Indian IQ strikes. Official Chinese GDP come from the government, not local provincial govt who uses their own accounting standard. Official Chinese government data are always in line with IMF and World Bank's,

In the case of India, central govt manipulated the accounting so ridiculously that GDP growth jumped 50% from 4.5% to 7.5?????? While World Bank and IMF put it at 5 to 5.5% . Even your Indian central bank governor, Raghuram Rajan did not buy into this numbers, it completely goes against his monetary policy for India. GDP growth at 7.5% while interest rate hold 7.75%. And current account in the same period still in deficit?

From ancient vedic invention of space travel to world's beating GDP invention, Modi govt's ability to cheat and brag has no peer in the world.