India fake data

[IndoCarib]

kkracer doesnt know the meaning of fake !! These data errors were admitted and corrected by GOI. In china it takes the media to point out governments mistake

 

[fast]

Not surprising. Indians have faked a lot of things.

 

[WS-10 Engine]

kkracer doesnt know the meaning of fake !! These data errors were admitted and corrected by GOI. In china it takes the media to point out governments mistake

nope.

as i have pointed out in a previous post indian numbers are very unreliable. there is no way the indian economy is growing, its at best at 0% but my guess is its contracting. consumer based economies based on debt do not grow when the very things that changes consumption is not doing well. they are high interest rates, currency collapse and massive inflation. consumer cannot borrow money and afford to consume based on such high interest rates. neither can they consume when inflation is so high and the currency is collapse, their purchasing power is being eroded.
there is no way the indian consumer is spending to get 5.3% gdp and we all know india runs a debt based consumer economy.
indian exports are very small and investments are small.
the major driver of the indian economy has been the consumer and the consumer is being destroyed. then how is the indian economy growing 5.3%? the truth is, the indian economy is actually contracting. industrial production is close to zero.


the western media have proven nothing regarding china, its not based on facts. what they use to say china fakes the nunbers can be easily countered if you understand our economy, the western media and analysts still have a stereotypical view of the chinese economy and if it doesnt fit their stereotypes they say its fake. the western media thinks china has only 1 growth engine, and if they find numbers that shows that particular growth engine to be doing badly, then the media assumes that china is faking our growth.
they use electricity consumption as a barometer to the health of the economy.
but in china the manufacturing sector takes up 75% of all electricity consumption as its the most inefficient user of electricity.

china produces electricity data in 4 sectors, primary, secondary, tertiary and residential.
china's manufacturing has been slowing and since manufacturing contributes the most to electricity consumption, the overall electricity consumption has been slowing. but in china the services sector contributes a major part of the gdp growth which cannot be captured based on electricity consumption as it is a far more efficient user of electricty to produce per unit of gdp.
china's tertiary electricty consumption(which is services) has been growing 14%, a very fast number.
not only that but both the official and HSBC services PMI have been well above the expansion threshold of 50.
china made services a priority in the 12th five year plan and now more foreign direct investment goes into the services sector than the manufacturing sector.

coal stock piling is due to the shut down of smaller coal fired plants to improve the environment.

contrary to western propaganda, china's economy is a very dynamic economy as many sectors contributes to the gdp and job creation from agriculture, property, infrastructure, manufacturing and services.

infact in May, electricity consumption increased and home sales increased.

the western media takes one data point that pigeon holes china into it and accuses china of faking data if it doesnt fir their 'china collapse' agenda. western media and analysts can never be wrong about china, they predict china will collapse and if we dont collapse they accuse we are faking our numbers.

the central government has taken steps to improve the accuracy of data(which is important in deciding fiscal and monetary policy) but western media barely gives any coverage to it.

no country's numbers are 100% accurate, infact our gdp is understated as our services are not captured properly. we have been doing our best to improve our number but india has done nothing to improve and western media just gives india a pass thinking democracies dont lie(iraw has WMD) and fakes numbers and also because india follows the west in all geopolitical things the west dont want to attack india.


New system marks start of data reform - China.org.cn

 

[Holmes]

kkracer doesnt know the meaning of fake !! These data errors were admitted and corrected by GOI. In china it takes the media to point out governments mistake

kkracer is a "Made in Pakistan".