BBC: India growth figures baffle economists

[dray]

@DRAY
The formula issue has come up again.

BBC had a problem with our Mars Mission also. And The Guardian's UK edition found ISRO's Delhi office to be "A crumbling government building characterized by the usual profusion of with sprouting electrical wires and urine-soaked stairwells". What more you can expect from them.

Shoestring theory: India's pioneering budget space probe is halfway to Mars | World news | The Guardian

 

[xyxmt]

Use some burnol.Problem will be solve.

seems like some people dont know, not been around long enough or haven't read enough to know that historically the term "Hindu rate of growth" was associated with India's dismal 2.0 growth rate...hence they give -ve rating for something thats beyond their understanding. Hindu rate of growth on steroid is a new term invented by me just now to show how fast India is developing now. but my question is should I use Burnol on India because she must be getting hot on a fast growth rate?

 

[dray]

@DRAY
The formula issue has come up again.

And those pdf members are just that, pdf members!

 

[Ind4Ever]

It's official: India is the world's fastest growing big economy

 

[SrNair]

BBC had a problem with our Mars Mission also. And The Guardian's UK edition found ISRO's Delhi office to be "A crumbling government building characterized by the usual profusion of with sprouting electrical wires and urine-soaked stairwells". What more you can expect from them.

Shoestring theory: India's pioneering budget space probe is halfway to Mars | World news | The Guardian

It seems they cant bear the jealousy.Poor Chaps.A so called empire like dead crow or within the shadow of Uncle Sam.

 

[ashok mourya]

Needs lot of industry friendly policies by Arun Jaitely in this year budget 15/16, which ultimately stimulus the growth.

 

[SrNair]

seems like some people dont know, not been around long enough or haven't read enough to know that historically the term "Hindu rate of growth" was associated with India's dismal 2.0 growth rate...hence they give -ve rating for something thats beyond their understanding. Hindu rate of growth on steroid is a new term invented by me just now to show how fast India is developing now. but my question is should I use Burnol on India because she must be getting hot on a fast growth rate?

You dont need to teach us about Hindu growth.We knows our nation more than you so cut the crap.
This is natural growth created by natural circumstances .We dont add steroids for our growth.It would be helpful to you since you need to escape from IMF bailout pgm.

 

[ashok mourya]

 

[SrNair]

Needs lot of industry friendly policies by Arun Jaitely in this year budget 15/16, which ultimately stimulus the growth.

Wrong.Result of Jaitleys policy can see only after 1 year.what we have been seen in here is the by product of previous UPA rule.?

 

[farhan_9909]

And seems Pakistan did it 2 years back too.

Change of base year increases GDP by Rs557bn - thenews.com.pk

Sorry but it was postponed later,it was approved by the care taker govt but later ishaq dar delayed it to this year.

Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Base year for national accounts to change every 10 years: Dar

 

[Echo_419]

@DRAY, @SarthakGanguly, @ito, @Jackdaws

Despite the international media being highly skeptical of these numbers, it may surprise you to know that I personally don't have an issue with the numbers.

Developing countries in general have a large amount of economic activity that doesn't find its way into official calculations, so it wouldn't surprise me if India and other developing countries are growing much faster than official numbers would suggest.

Considering India's base GDP per capita is lower than the developing world average, the new numbers aren't surprising. Having a lower base naturally means it easier to achieve a higher percentage rate of growth.

Also Modi's economic policies so far have been very good, with some extra breathing room afforded by the drop in global oil prices (and thus less of a problem with inflation, allowing more growth boosting measures).

Though it is funny how Indians always question China's growth rate, despite our economic indicators going up.

We've never had a year where our economic indicators have been falling hugely while our GDP growth rate has been soaring. Food for thought.

Well now that we are on the same ride,you can be sure that we will not bash you on that thing

 

[kaykay]

Sorry but it was postponed later,it was approved by the care taker govt but later ishaq dar delayed it to this year.

Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Base year for national accounts to change every 10 years: Dar

Hmm. anyway but my point was that Countries do it from time to time for more accurate GDP calculations.

 

[Echo_419]

Sorry but it was postponed later,it was approved by the care taker govt but later ishaq dar delayed it to this year.

Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Base year for national accounts to change every 10 years: Dar

But UK did it to & Our Indonesian Partners will also do the same thing this year

 

[ashok mourya]

Wrong.Result of Jaitleys policy can see only after 1 year.what we have been seen in here is the by product of previous UPA rule.?

I think its peoples confidence in india due to Modi's policies .

 

[farhan_9909]

Hmm. anyway but my point was that Countries do it from time to time for more accurate GDP calculations.

India had 2010 as the base year compared to Pakistan still using 1999-2005.And now we are expecting to change it to 2005-06.

With only the change in Base year we are expecting atleast a increase of 30-35% in our GDP

But UK did it to & Our Indonesian Partners will also do the same thing this year

It is a good development,i don't know why our govt doesn't do it regularly