china hyperpower
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only thing india manufactures are slums.
never believe any promise made by any indian, remember the retail sector farce.
india is facing stagflation, massive inflation and collapsing growth.
indian budget deficit is huge.
---------- Post added at 05:03 AM ---------- Previous post was at 05:00 AM ----------
india dont manufacture jack.
all these are pipe dreams made up by indians.
never believe any promise made by any indian, remember the retail sector farce.
india is facing stagflation, massive inflation and collapsing growth.
indian budget deficit is huge.
---------- Post added at 05:03 AM ---------- Previous post was at 05:00 AM ----------
Nominal output (measured in USD) : (i) decreases if USDINR goes up, and (ii) increases due to inflation.
Inflation and USDINR cancel out after fluctuations settle down .... what matter is only the real growth. And then, to take one quarter's provisional number as a long term trend doesn't make sense.
PPP number only counts real growth - no effect of USDINR or inflation .... hence is always smooth and realistic.
So, in real terms India is the 5th largest manufacturing country, and will be 3rd in 2-3 years.
So.. yes ... a large part of the economy is manufacturing ... and it will continue to play a significant role in the economy.
india dont manufacture jack.
all these are pipe dreams made up by indians.