Indian Government contains fiscal deficit at 4%; beats its own target

[Bitter Melon]

@Star Wars

 

[WAR-rior]

@Star Wars

Hes kool. Visited our insti as visiting proff. Hes both hilarious and sanki at the same time.

Comparison with Pakistan was on dot, really? So we are a terrorist infested rat hole with all houses carrying multiple guns and parents sending their children to madrassas and fields to work instead of studying in school?

1st of all. Not all Pakistanis including here on PDF are terrorists. Terrorism sprouts out of ignorance, arrogance and lack of education. Frankly speaking, u mite not like it but India isnt any different from Pakistan, even in terrorism. Its just they have ethnical terrorism we have castist terrorism. I dont want to derail the thread but if i provide u statistics of caste based murders and atrocities before year 2000, u wud either be woken up out of a slumber sleep if u are illinformed or u wud understand what i am pointing towards. Just for example, refer KHAIRLANJI MASSACRE. Even today we have not been able to eradicate this menace but have decreased a lot in past 15 years. Its all coy of rise in education and employment. Rise in standard of life. OTherwise India and Pakistan were twin nations till 2000. Why do u think India woke up only after year 2000? Was it waiting for some good muhurat? The rise in GDP, per capita income, etc increased only after year 2000. Why? Do gimme the answer

So the IT sector boomed because of Indian's bad work ethics? Those thousands of colleges graduating lakhs of engineers and management students came up because of our bad work ethics? Those BPOs and IT sectors opened up in India because of our bad work ethics? Our parents who sacrifice all their comforts and educate their children to their post graduation levels do it because of their bad work ethics? So NRIs get to become NRIs because America has been sponsoring their families and their education?

U obviously mis comprehended. IT sector is the reason for IMPROVED work ethics against age old govt officer work ethic. Before 2000 govt job was the most sought out and safest option. Post 2000, nobody wants to join a PSU. Why? There are multiple reasons and good salary and better work culture are the leading reasons. Now how did u get these 2 options only in private job and not govt? Do temme if u are not still a student to understand this.

As I repeat, education has nothing to do with work ethics or culture. One only gets exposed to any kind of culture by starting his professional career. So its useless to compare education to work ethics and culture in a professional setup. Hope I made myself clear here.

But again, more focus to education, rise of educate youth, etc has come only after his or her family was able to own it, for eg. engineering and medical studies require lakhs to crores if u know ground realities and that comes only by better salaries of the family.

So India is running because of NRI's? Like Indians sit here on their asses and the 60-70 billion dollars remittances sent by the NRIs is holding up our 2.1 trillion dollar economy from crashing?

Dont be naive dude. There is a difference between sustaining and triggering. The above mentioned positives about education, increased family income all triggered only coz of IT sector directly or indirectly. In simple words, the moment Indian professional got exposure to international setup, he learnt so many new things which came back to India and established itself in Indian professional setup. Do u really think it was possible without IT boom?

Because of IT boom, other industries started to follow as inclusion of IT in their administration required them to improve their competence and productivity. Even core industries like Manufacturing started to follow americanised IT work style which was missing for whole 50 years till 2000. Why da hell everything started to change only after 2000? Again I ask u to reply to this question. ITs easy to put questions. Its tougher to dig deep for the answers.

So Indian students being sent abroad by their parents after getting an expensive education in India and then again sponsoring their education abroad to the tune of 20-30 billion dollars years by Indian living in India are all because of our bad work ethics and the brilliance of NRIs?

Didnt get this point of urs but again if u see, these parents can afford the education which they never did before 2000. If u agree to me u will see that after the IT boom, Indian GDP soared high on huge FDI inflows which led to growth in infrastructure and hence increase of govt spending which included administrative costs. Hence, u saw so many 'pay commisions' only after 2000. Asking u for the 3rd time. Why it all happaned only after 2000? and to give u a hint, Why did all infrastructure development occured only around IT and Software parks which only later spreaded gradually to other areas and sectors.

Do answer all my question. And ya, dont give that : We liberalised in 1991 hence FDI flows started. U wud be wrong in saying that as a major statement. 1991 was just a start. It led to many initiatives for encouraging FDIs but the most successful and the only TRIGGER sector was IT/ITES. Rest only followed after IT sector led to the cycle of FDI and Infrastructure growth.

 

[Bitter Melon]

1st of all. Not all Pakistanis including here on PDF are terrorists. Terrorism sprouts out of ignorance, arrogance and lack of education. Frankly speaking, u mite not like it but India isnt any different from Pakistan, even in terrorism. Its just they have ethnical terrorism we have castist terrorism. I dont want to derail the thread but if i provide u statistics of caste based murders and atrocities before year 2000, u wud either be woken up out of a slumber sleep if u are illinformed or u wud understand what i am pointing towards. Just for example, refer KHAIRLANJI MASSACRE. Even today we have not been able to eradicate this menace but have decreased a lot in past 15 years. Its all coy of rise in education and employment. Rise in standard of life. OTherwise India and Pakistan were twin nations till 2000. Why do u think India woke up only after year 2000? Was it waiting for some good muhurat? The rise in GDP, per capita income, etc increased only after year 2000. Why? Do gimme the answer

First of all, you compared India to Pakistan, and not Individual Pakistanis and Indians. Terrorism does not sprout out of ignorance, arrogance, or lack of education. We have plenty of those in India and yet they are not terrorists. Frankly speaking, you could not be more wrong. Pakistanis have terrorism, period. We do not have castist terrorism. Do let us know how many Dalits or Brahmins or Kshatriyas have died in bomb blasts set off by our "castist terrorism."

All murders are not terrorism. Murder for profit, personal grudges, etc. etc. are qualified as murders as opposed to setting off bombs in a market place or shooting at a crowd and killing people who are not in any way conflict with you. So even the example you give or Khairlanji was murders over land and does not qualify as terrorism. I can give you a better example when upper castes were being killed by maoists/Dalits who were unrelated to the killers, could have qualified as terrorism, but that was 20-30 years ago. You could even have taken Khalistani terrorism or the Kashmiri terrorism as valid examples of terrorism. But caste system is not terrorism.

India and Pakistan were not twins and have not been twins but in the mind of ignorant West. I do not know what you mean by India woke up in 2000. I know the financial crisis of 1991 and liberalization by Rao's govt then. I have no clue why the timeline of 2000 is significant or how? So you mean Indian GDP stayed the same from 1947 to 2000 and then miraculously jumped from 2000 onwards? Sorry, that is not how any economy works and that is not how Indian economy worked either.

U obviously mis comprehended. IT sector is the reason for IMPROVED work ethics against age old govt officer work ethic. Before 2000 govt job was the most sought out and safest option. Post 2000, nobody wants to join a PSU. Why? There are multiple reasons and good salary and better work culture are the leading reasons. Now how did u get these 2 options only in private job and not govt? Do temme if u are not still a student to understand this.

I did not mis-comprehend, rather you were being a jackass. IT sector along with BPO even today contributes around only 10% of Indian GDP and you think this 10% is all that took for our economy to revive? Barely 1.5% of our population works for the govt or in PSUs and yet you want to benchmark our work efficiency on these? Even here, do you understand the load a railway ticket counter man handles in a day? How about post office worker? Govt doctors?

No where else in the world would you find someone as hard working as these people. Even today, if I go to my local SBI branch, every single counter I find a horde of people crowding around a hapless clerk flinging forms, asking questions by dozens a minute and the clerks answer all without irritation or frustration. You want to talk about work ethics?

Figures bust myth India's bureaucracy is “bloated” - The Hindu

90% of Indians are self-employed or working for unorganized section and they work morning until night 24 x 7 and you want to talk about work ethics of Indians based on what?

As I repeat, education has nothing to do with work ethics or culture. One only gets exposed to any kind of culture by starting his professional career. So its useless to compare education to work ethics and culture in a professional setup. Hope I made myself clear here.

Education has nothing to do with work ethics or culture? It all comes free? Your parents did not have to pay for your education? So ethics and culture is only from professional careers, otherwise they do not exist? So what are you, Richie Rich?

But again, more focus to education, rise of educate youth, etc has come only after his or her family was able to own it, for eg. engineering and medical studies require lakhs to crores if u know ground realities and that comes only by better salaries of the family

So those better salaries came without work ethics?

Dont be naive dude. There is a difference between sustaining and triggering. The above mentioned positives about education, increased family income all triggered only coz of IT sector directly or indirectly. In simple words, the moment Indian professional got exposure to international setup, he learnt so many new things which came back to India and established itself in Indian professional setup. Do u really think it was possible without IT boom?

India was the richest country in the world for the last 1700 years out fo 2000 years and it had no IT sector then. Majority of the countries in the world including Latin America and Asia have no IT sector worth mentioning and yet they seem to be doing quite well for themselves and yet you believe without IT sector India would have been nothing? Indian Bollywood was world famous even before the IT sector boom just for your info. It was not NRIs who changed India, it was Indians who changed India. Majority of NRIs who left this country stayed out of this country and never came back.

Because of IT boom, other industries started to follow as inclusion of IT in their administration required them to improve their competence and productivity. Even core industries like Manufacturing started to follow americanised IT work style which was missing for whole 50 years till 2000. Why da hell everything started to change only after 2000? Again I ask u to reply to this question. ITs easy to put questions. Its tougher to dig deep for the answers.

I provided the video of Prof. Vaidyanathan to bunk your theory of India improving because of the corporate sector. As proved by the video, all core companies including form only 15% of our GDP. Noncorporate sector form 50% of our GDP.. Of the 32-35% of GDP savings of India every year, households save 80% of this amount. That is 500 billion dollars worth of savings is due to families and this is the investment that is changing India.

The amount of money India spent on subsidized education for those who went abroad would have easily paid for thousands of blue blood Americans to improve our infrastructure. NRIs mattered not a whit.

How about you do some deeper thinking instead of coming out with such shallow arguments.

Didnt get this point of urs but again if u see, these parents can afford the education which they never did before 2000. If u agree to me u will see that after the IT boom, Indian GDP soared high on huge FDI inflows which led to growth in infrastructure and hence increase of govt spending which included administrative costs. Hence, u saw so many 'pay commisions' only after 2000. Asking u for the 3rd time. Why it all happaned only after 2000? and to give u a hint, Why did all infrastructure development occured only around IT and Software parks which only later spreaded gradually to other areas and sectors.

So according to you parents could afford education only after 2000? Before that Indians were not getting educated? For your info, the first large scale bout of immigration to USA took place in the 1970s. Then again the next bout was before the 2000s for the Y2K scare. By this time, a hell lot of Indians already equipped with degrees in IT had reached US shores. They all got their education before the year 2000.

Indian GDP did not soar on huge FDI or FII. All FDI and FII of any given year has never exceeded 7% of our GDP.

So how about you re-educate yourself about India and stop looking at India though rags like Times of India.

Do answer all my question. And ya, dont give that : We liberalised in 1991 hence FDI flows started. U wud be wrong in saying that as a major statement. 1991 was just a start. It led to many initiatives for encouraging FDIs but the most successful and the only TRIGGER sector was IT/ITES. Rest only followed after IT sector led to the cycle of FDI and Infrastructure growth.

More bullshit. Textiles, Diamonds, Pharma, Bollywood led long before.