he-man
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- Aug 29, 2013
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Stop putting blatant lies out there. Where are you getting this from?
Short term the economy isn't great but India's longer term economic growth looks strong, the fundamentals haven't changed.
U stop pointing at the rosy picture ahead.
I live here,i know whats going on.
U stop being a preacher please,anyone can keep talking goody goody stuff,enter the real world dude.
And who told u long term prospects are great?we have the youngest population atm but no jobs for them and after this cycle of 30-40 years we will end up having oldest population with no potential.
So untill something is done in this period and we can grow at 8 pc or more for more than 2 decades we cannot sustain that old population in 2050-60.
The same population thats giving us a competitive edge in terms of manpower right now will be curse for us later on if we fail to utilise them properly.
U can believe what u want but the fact is even after being a 9 trillion $ economy and growing in almost double digits for more than 20 years,china is just a middle income country.
And what makes u think that we will do better than them?do u have a dream?a revelation?any angel told u?
Untill u do stop glorifying a 1.9 trillion $ economy with a population of 1.4 billion and growing at 4.5 pc as being perfectly acceptable.its not even remotely acceptable to the average indian.
And what fundamentals are u talking about here?
As pointed out million times we have absolutely 0 manufacturing base.
So u want to reach 8 pc growth on software exports only?
Guess what,that time is long gone and it shows in the value of rupee,inflation and the current account deficit.
I am just sick of people glorifying india and portraying as if we are doing great and just next year we may return to 8 pc.
We may,but we need that 8 pc for next 20 years and not another 2 years.
Until we manufacture and export commodities like japan,china and south korea we are gonna achieve zilch,nada,zero.