Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Exactly. But even though demonetization was a good idea, it's execution was terrible. Anyways, it is done and I hope it will prove effective. But there's still a lot to do.
I'm still a skeptic. China? Maybe. But crossing the US is hard especially if the oil doesn't run out [emoji14]Any think can happen and look at projections, though such long projections cannot accurately predicated
http://www.pwc.com/world2050
Not that large of a scale. They should do it slowly. After making the push in economy that is needed to get people good jobs and income, start producing electric cars at home that are cheaper, and start increasing taxes on cars with large CO2 emmisions. Start building more nuclear power projects (Germany can help you there) even though they are very costly, their long term benefits are worth it.True but demonetization couldn't have been less painful, sucking out 86% of liquidity in market overnight that to maintaining complete secrecy and replacing the same was a massive massive exercise. One more thing India should do is to increase exports and decrease imports (especially oil) on a large scale.
I'm still a skeptic. China? Maybe. But crossing the US is hard especially if the oil doesn't run out [emoji14]
By largest economies you mean GDP nominal, right? Well, I hate to day it, but economies are defined more broadly. Think in terms of GDP PPP, GDP per capita, GNP, FDI, HDI, and GDP growth rate (the last one is for 2nd and 3rd World Countries only). These are just a few of the many, many indicators.
When India starts coming near US, they will have the same rates. 2% for US means that there isn't room for even greater GDP anymore. Hence, no room for GDP growth rate anymore. The same will happen with India and anyone who gets to that stage.US growing around 2% for many years and neither any projection above 5% in any time soon or later.But replacing US by India is unlikely for coming few decades.India will remain 3rd largest economy for few decades after being at No.3 position in a decade overtaking Japan.
That is what I said. GDP nominal is not the only scale to be measuring onActually nominal DGP is not the correct measure of GDP as you said. If I have one USD in my pocket, I can not have even one coffee but India or Pakistan, I can jave a lunch form 1 USD. So what matters is the Economy's valuation in purchasing power and not its valuation in any other currency.
When India starts coming near US, they will have the same rates. 2% for US means that there isn't room for even greater GDP anymore. Hence, no room for GDP growth rate anymore. The same will happen with India and anyone who gets to that stage.
That is what I said. GDP nominal is not the only scale to be measuring on
Yeah. Basically what you needed from 2003 was the following: resources (check), FDI (check) closed tax loopholes, capital owned by boys in home invested in home (can be improved) and concrete reforms (can also be improved).I feel India will remain comfortable for being No.3 position,rather thinking to consider overtaking US.
When India starts coming near US, they will have the same rates. 2% for US means that there isn't room for even greater GDP anymore. Hence, no room for GDP growth rate anymore. The same will happen with India and anyone who gets to that stage.
Good luck!UK was better shape compared to other european economies. Now India is about to overtake UK, great
India will overtake Germany in 2022 as the world’s fourth-largest economy and push Britain out of the top five, based on analysis of growth projections by the International Monetary Fund
@The Accountant @MastanKhan @RiazHaq @Areesh @patentneer @IceCold @LA se Karachi @TheCamelGuy @KAL-EL @Mrc @Natan @T-Rex @SecularNationalist @samsara @GraveDigger388
View attachment 393499
India will be around 3 trillion dollar economy by 2019
@Malik Alashter @HAKIKAT @Qazi Muhammad Kamran @Lahore_PAF @Moonlight @Doyalbaba @Little Falcon @Khanate @Thorough Pro @2800 @Madali @KediKesenFare @Maxpane