Indian dream of $5 T economy..need 12+% growth

[Flight of falcon]

So you always hear this talk of Bollywood style exponenetial and explosive growth that Modi will generate to take economy to $5T figure. Last i calculated and posted that India will need close to 14% growth rate to achieve this target by 2025. Well this article talks about that. They need over 12 percent plus to reach that target. Now with 4.5 percent growth which is expected to fall to 3.9 % next quarter (read negative growth if true and real figures are used) India will not have a shrinking economy but for sure a recession. With six quarters of shrinking growth it is "contraction" and not technically a "recession".
Modi meanwhile is busy celebrating Ram mandir construction showing his 42 inch solid metal chest .....Good luck India. Hope they realize this Hindu facism is destroying their country which so many people predicted it will.


https://www.bbc.com/urdu/regional-50612472

 

[Foggy_Bottom]

Aspirations are a uniquely human trait. On the one hand, they can help people achieve higher goals in their attempt; on the other hand, it can be a source of ridicule among the have nots.

 

[Mugen]

At least they have a dream. Having a goal is better than not having one...here we have my fellow Pakistanis making fun but are even worse off in many ways than India.

 

[Flight of falcon]

Aspirations are a uniquely human trait. On the one hand, they can help people achieve higher goals in their attempt; on the other hand, it can be a source of ridicule among the have nots.

There is nothing wrong in having goal, dreams and aspirations. Just look at yourself . You have to announce who you are and what you did to get attention. Indians are no different. They lie, deceive and manipulate processes and procedures to make themselves noticed.

There is a constant criticism of Indians especially under Modi lying about the state of their economy and fudging numbers to makeup growth figures. They need almost 6 percent growth rate just to feed their new workforce entering market. Forget about 45 year high unemployment rate.

Have nots at least are not lying and making themselves look bigger than they really are.

At least they have a dream. Having a goal is better than not having one...here we have my fellow Pakistanis making fun but are even worse off in many ways than India.

Please understand the difference between dreaming and lying. I am criticising their lying and deception to their own people and the world.

 

[Foggy_Bottom]

....Please understand the difference between dreaming and lying. I am criticising their lying and deception to their own people and the world.

A goal is an aspiration, not a statement of achieved facts, a deception, or a lie. But let not these distinctions be a killjoy for you this lovely Saturday morning.

 

[Shahzaz ud din]

They need over 12 percent plus to reach that target.

Modi hey to mumkin hey

 

[FuturePAF]

The details of the Indian economy at present, as presented by an Indian commentator (non-economist)

 

[Flight of falcon]

A goal is an aspiration, not a statement of achieved facts, a deception, or a lie. But let not these distinctions be a killjoy for you this lovely Saturday morning.

One must set goals based on realistic expectations, strength and being truthful to yourself and others. Indians have have been lying about their growth rate for years. So your definition of goal doesnt stand for Indian way of doing things. Please enlighten yourself:

https://thediplomat.com/2019/07/what-is-wrong-with-indias-gdp-numbers/

https://www.ft.com/content/b452f684-8c01-11e9-a1c1-51bf8f989972

Not at all. I am loving my Saturday morning working on my patient draining a cyst and in between surgery draining Indians lies.

 

[Kabira]

It had to do with fake growth rate after Modi changed how they calculate GDP. Still compared to Pakistan they are well ahead in growth since last 10 years of war on terror. They don't need IMF bailouts every 4 years. Their exports were similar to Pakistan (proportionally) 10 years back but now they are at 2 times difference if I'm not wrong. Basically their capacity to earn foreign exchange has grown much higher which mean they can take loans for mega projects, arms and not have to look at IMF to pay back.

 

[Protest_again]

Growth mentioned here is nominal and achievable. This is for people who care about economics. Look up nominal growth.

 

[ziaulislam]

So you always hear this talk of Bollywood style exponenetial and explosive growth that Modi will generate to take economy to $5T figure. Last i calculated and posted that India will need close to 14% growth rate to achieve this target by 2025. Well this article talks about that. They need over 12 percent plus to reach that target. Now with 4.5 percent growth which is expected to fall to 3.9 % next quarter (read negative growth if true and real figures are used) India will not have a shrinking economy but for sure a recession. With six quarters of shrinking growth it is "contraction" and not technically a "recession".
Modi meanwhile is busy celebrating Ram mandir construction showing his 42 inch solid metal chest .....Good luck India. Hope they realize this Hindu facism is destroying their country which so many people predicted it will.


https://www.bbc.com/urdu/regional-50612472

india is moving towards recession just like other countries (brazil etc) unless it does real reforms...decreaseing the taxes on corps from 30 to 20% might arrest this but unless labour, land, investment, utility and bureaucracy is resolved its bond to happen

pakistan hasnt grown enough to reach that stage but we can learn from this

It had to do with fake growth rate after Modi changed how they calculate GDP. Still compared to Pakistan they are well ahead in growth since last 10 years of war on terror. They don't need IMF bailouts every 4 years. Their exports were similar to Pakistan (proportionally) 10 years back but now they are at 2 times difference if I'm not wrong. Basically their capacity to earn foreign exchange has grown much higher which mean they can take loans for mega projects, arms and not have to look at IMF to pay back.

IMF bail out is simply due to us having habit of buying the election(everyone did to some degree and PTI might do it as well)


what I mean is we end up printing notes a.k.a state bank lending in last two years of their tenure, to arrest the resulting inflation, we artificial prop up the money and takes huge foreign loans,with this the CAD balloons and when everyone stops lending we end up with IMF and do over correction..

we will see in 2021-22 whether PTI does this or not..my bet is they might under pressure

 

[Imran Khan]

modi already increased GDP% by calculating it with vedic math . he can pour a bit more to reach 16% also

 

[Kabira]

IMF bail out is simply due to us having habit of buying the election(everyone did to some degree and PTI might do it as well)


what I mean is we end up printing notes a.k.a state bank lending in last two years of their tenure, to arrest the resulting inflation, we artificial prop up the money and takes huge foreign loans,with this the CAD balloons and when everyone stops lending we end up with IMF and do over correction..

we will see in 2021-22 whether PTI does this or not..my bet is they might under pressure

One solution is to not take loans. Which is what will happen as no one will lend us anyway or will reduce amount significantly. Another is to keep rupee artificially low to discourage imports. Let investors know that making stuff in Pakistan will be their best option instead of being importers.

Musharraf+PPP+N policy of encouraging import based growth have resulted in this mess.

 

[ziaulislam]

One solution is to not take loans. Which is what will happen as no one will lend us anyway or will reduce amount significantly. Another is to keep rupee artificially low to discourage imports. Let investors know that making stuff in Pakistan will be their best option instead of being importers.

Musharraf+PPP+N policy of encouraging import based growth have resulted in this mess.

better option is to let the rupee at the real value
Musharraf did it in 2007-08 to buy the election though the deficit was just 2 billion..there wasn't real need for IMF rather than it was done for cheaper financing needs
in PMLN the same deficit was projected at 24b a year

 

[TNT]

I just wish they make the laws so modi can be PM for a 3rd term too.