Surprised, shocked, worried: Experts react as India's GDP growth tumbles to 5%

[war&peace]

It's not even 5% because most of their figures are fudged.

Exactly sir... I was about to comment this but saw you already did

this time there is a real big issue structurally with the economy. While the govts sincerity and honesty is not it question, its capability and credibility must be questioned and criticised. I think we are in trouble regarding the economy and better if we can quickly learn and course correct.

Indian economy will go down even further as Modi has installed his loyalists in all financial institutions who believe gao-moot can cure all diseases including cancers.

 

[prashantazazel]

until productivity is increased there will be no hope, it takes 20 to 30 years . Impossible in a democracy. I can predict that India will never become more prosperous than today. this govt or any before this is only interested in useless politics (temple/masjid etc. The previous ones were about caste based).

Government matters, but not that much in current India. Business owners can easily get policies modified. The private sector will lead the growth.

I see a lot of work being done too. And while the current government supports ideological backwardness, there is always some developmental work going on.
The government can waste some money on statues. It can't waste all the money on statutes.

Even Somalia would get better with time.

 

[Longhorn]

The Indian government by their delusions of power above their station and blind hatred of Pakistan have missed a golden opportunity to change the fortunes of the region forever. Imran Khan came to power with the express wish to negotiate a solution to the Kashmir problem and concentrate on domestic economic problems. The first thing he did was to let it be known that he wished to talk peace, so the implication was that he was willing to compromise. The Indians took this to be a sign of weakness rather than a sign that a new type of leader wanted a new type of relationship with India for the benefit of all people of the Subcontinent.
India would have benefited from talking from a position of strength and settling the problem to their best possible advantage and Pakistan would have been open to concessions for long term gains.
The Indians in their hubris have overestimated themselves and underestimated the Pakistanis to their own detriment.
Pakistan has reached rock bottom and the economy will recover and progress changing the strategic calculation vis a vis India. If the Indian economy falters then they will have lost their real or perceived advantage and will eventually have to settle on terms very much less advantageous than they would have had immediately after the elections.

Government matters, but not that much in current India. Business owners can easily get policies modified. The private sector will lead the growth.

I see a lot of work being done too. And while the current government supports ideological backwardness, there is always some developmental work going on.
The government can waste some money on statues. It can't waste all the money on statutes.

Even Somalia would get better with time.

Ideological governments always make ideological decisions.

 

[Foxtrot Delta]

5% of such a big economy is not less. You cant expect 10% growth of a 4 trillion $ econony

 

[letsrock]

5% of such a big economy is not less. You cant expect 10% growth of a 4 trillion $ econony

4 trillion economy ? its barely 2.5 trillion. On per capita basis its trending below bangladesh ...why cant it grow higher.

 

[prashantazazel]

The Indian government by their delusions of power above their station and blind hatred of Pakistan have missed a golden opportunity to change the fortunes of the region forever. Imran Khan came to power with the express wish to negotiate a solution to the Kashmir problem and concentrate on domestic economic problems. The first thing he did was to let it be known that he wished to talk peace, so the implication was that he was willing to compromise. The Indians took this to be a sign of weakness rather than a sign that a new type of leader wanted a new type of relationship with India for the benefit of all people of the Subcontinent.
India would have benefited from talking from a position of strength and settling the problem to their best possible advantage and Pakistan would have been open to concessions for long term gains.
The Indians in their hubris have overestimated themselves and underestimated the Pakistanis to their own detriment.
Pakistan has reached rock bottom and the economy will recover and progress changing the strategic calculation vis a vis India. If the Indian economy falters then they will have lost their real or perceived advantage and will eventually have to settle on terms very much less advantageous than they would have had immediately after the elections.


Ideological governments always make ideological decisions.

1. Being a secular country (at least on paper), we can't allow the formation of another religious state on our borders. We will solidify grip on whatever we hold.
Have you noticed that non Muslims in J&k don't want to join you?
Yeah, well, we noticed too.

2. The current government will keep fanning some religious fires to keep the illiterate masses happy.
But they know where the real cash comes from.

 

[Longhorn]

1. Being a secular country (at least on paper), we can't allow the formation of another religious state on our borders. We will solidify grip on whatever we hold.
Have you noticed that non Muslims in J&k don't want to join you?
Yeah, well, we noticed too.

2. The current government will keep fanning some religious fires to keep the illiterate masses happy.
But they know where the real cash comes from.

All is good.

 

[prashantazazel]

4 trillion economy ? its barely 2.5 trillion. On per capita basis its trending below bangladesh ...why cant it grow higher.

2.6 trillion was 2017 data.
So depending upon whether the data was modulated or not, we are currently at somewhere between 2.8 to 3 trillion.

Bangladesh, can surely surpass us in near future in per capita GDP, since it is easier for a smaller country to do that-even with a single industry.
Eg- Malaysia with its palm oil exports.

 

[letsrock]

2.6 trillion was 2017 data.
So depending upon whether the data was modulated or not, we are currently at somewhere between 2.8 to 3 trillion.

Bangladesh, can surely surpass us in near future in per capita GDP, since it is easier for a smaller country to do that-even with a single industry.
Eg- Malaysia with its palm oil exports.

Its 2.71 trillion dollar for year ending at march 31 2019 at Rs 70 a dollar. So for year ending Decc 31 2018 2.6 trillion is fairly accurate. get yourself updated by your own RBI data at :
http://www.mospi.gov.in/sites/default/files/press_release/Press Note PE 2018-19-31.5.2019-Final.pdf

BD used to be definiton of sub continental poor. It was historically always poor. I find it intersting that you blame india performance on its size. I agree so logically to give more prosperity to indians the country needs to be broken up.

 

[maximuswarrior]

On the economic front India was already in trouble since last few years. The economic woes for India are going to compound in coming year.

Modi is an illiterate scumbag who doesn't understand how to run a nation. He is not a Manmohan Singh.

 

[war&peace]

1. Being a secular country (at least on paper), we can't allow the formation of another religious state on our borders. We will solidify grip on whatever we hold.
Have you noticed that non Muslims in J&k don't want to join you?
Yeah, well, we noticed too.

2. The current government will keep fanning some religious fires to keep the illiterate masses happy.
But they know where the real cash comes from.

Stop lying...

 

[Placemat]

Exactly sir... I was about to comment this but saw you already did


Indian economy will go down even further as Modi has installed his loyalists in all financial institutions who believe gao-moot can cure all diseases including cancers.

That may be true. But it all depends on hiw they execute

 

[prashantazazel]

Its 2.71 trillion dollar for year ending at march 31 2019 at Rs 70 a dollar. So for year ending Decc 31 2018 2.6 trillion is fairly accurate. get yourself updated by your own RBI data at :
http://www.mospi.gov.in/sites/default/files/press_release/Press Note PE 2018-19-31.5.2019-Final.pdf

BD used to be definiton of sub continental poor. It was historically always poor. I find it intersting that you blame india performance on its size. I agree so logically to give more prosperity to indians the country needs to be broken up.

It is now 5 months past that. Clearly I'm closer to the current answer.
Bangladesh may or mayn't surpass us. That's the future. But as I said, they have it easier than us.

Stop lying...

Where is the lie?

 

[letsrock]

It is now 5 months past that. Clearly I'm closer to the current answer.
Bangladesh may or mayn't surpass us. That's the future. But as I said, they have it easier than us.


Where is the lie?

in 5 months the gdp will increase by 10 percent ? which crazy world do you live in. by the way I have some news it actually decreased Q on Q. The annual growth is only 5% on 2018 june. compared to quarter ending mar 2019 it actually decresed.
Yes BD surpassing implies India needs to be breaken up for prospertity. Agreed then.

 

[prashantazazel]

in 5 months the gdp will increase by 10 percent ? which crazy world do you live in. by the way I have some news it actually decreased Q on Q. The annual growth is only 5% on 2018 june. compared to quarter ending mar 2019 it actually decresed.

You can keep guessing.
I put my estimate in the 2.8 to 3 trillion ballpark. Which is obviously closer to the suggested value according to your quoted link.
Even at lower rates of growth, like say 5 percent, gdp will double in less than 15 years.