The real growth of GDP must be accompanied by the natural & real appreciation of the underlying currency to make a healthy sense. The newest textbook example is China/Yuan.
Otherwise, the “growth” of GDP is a scam, a trap. A textbook example is India/Rupee.
The reason for that is simple:
When a country, such as China, grows healthily, it produces better quality AND more quantity goods/services are so hughly competitive in the international market that others fight to import. Hence it exports more and better goods/services, under the mechanism its currency becomes intrinsically stronger. As a country it likely will become a creditor and as an individual an average Joes becomes richer. This is the natural healthy growth process of how Britain, USA, Japan, Germany and more recently China etc did it. This is how Western Europe and “Asian Tigers” did it. The hallmark of each of these success stories has been a naturally strong currency. At their height, Pound, USD, Yen, D-Mark and increasingly Yuan were/are so strong that have been taken as major reserve currencies around the world.
On the other hand, it’s rather easy to identity scammers such as India. Ask yourself who the heck wants Rupee?
The main reason is that India produces goods/services which quality are so low that few countries are interested in – basically it produces sh!t. Hence it tries to export mainly sh!t, and of course basic raw materials fresh out of the earth.
“High” GDP growth on paper is easy for India, because it fcukes like crazy having one of the highest birth rates on earth, hence to feed runaway population growth india will grow more rice, which was invented by the Chinese btw and passed on to India through SE Asia, and it will grow more tea – again invented by the Chinese and passed on to India thru SE Asia together with its mandarin pronunciation “Cha”, and it will do more fishing using ancient “spider-net”– a simple tool invented by the ancient Chinese and passed on to India thru AS Asia (yes, Indians’IQ were and still are not even sufficient enough to create their own humble daily fishnet...and they want to go to mars, oke, that's another story)… all these help a high GDP growth on paper… but the low quality process is undesirable.
That’s why despite a look-good GDP growth on paper, in total contrary to China, India has both double account deficits, apart from double digit inflation on virtually all levels. That’s why there is no hope for the forseeable future and its collapsed economy is acutely and fairly reflected through its collapsed currency – Rupee in the int’l market. Singing "China doom"all you want, but it can;t hide the truth of Chinese Yuan FOREX rated in internatinal mkt for the last 2 decades - the true strengh of Chinese economy when asking people put money where their mouths are. That’s real reason why as a GDP growth India is a scam, as a country India is royally fcuked, and as people Indians are THE single largest hungry group on the face of earth which leaves the most hungry ones of Sub-Saraha Africa in remotely second position - all facts! Now tell me about mars...?
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