Who destroyed our hope?

[Luca1]

The only use for gdp is dick measuring contest here on PDF.

Both China and India are choking in smog. Qualities of life still suck. The rich move to the west for better life.

These are more important than gdp.

But Indians are obsessive with China and its economic growth. They are not paying attention to the environmental tolls and they should.

 

[SrNair]

But Indians are obsessive with China and its economic growth. They are not paying attention to the environmental tolls and they should.

Not at all.

 

[Luca1]

Just check the GDP growth rate of India 2005,06, and 07.Then if you have confidence about it then tellme.

Those three years are abnormal years as every nation out there experienced rapid economic. Growth.

 

[SrNair]

Those three years are abnormal years as every nation out there experienced rapid economic. Growth.

I dont give a shit about other nations.I am talking about my nation .AFAIK at one stage we have a 9.4 growth.
We did that magic even if were in chaotic politics .So democracy has its own shortcomings.and we can tolerate that.

 

[Chinese-Dragon]

Just check the GDP growth rate of India 2005,06, and 07.Then if you have confidence about it then tellme.

Read my post again:

You are wrong, no other country in the world has sustained an average double-digit growth rate for three decades in a row.

Growing at double-digits for one or two years is no feat, Afghanistan does it all the time.

The point is sustaining an average of double-digits over a long period of time.

As for 2004-2007, those were global boom years for everyone. China's growth rate in 2007 was 14.2%.

 

[SrNair]

Read my post again:



Growing at double-digits for one or two years is no feat, Afghanistan does it all the time.

The point is sustaining an average of double-digits over a long period of time.

As for 2004-2007, those were global boom years for everyone. China's growth rate in 2007 was 14.2%.

My post was for your second para in that post.You should read it again.

 

[Steakhouse]

Modi not likely wave his magic wane then pop out the economy miracle to spurt India economy grow at 10 percent rate. Too many variable impeach India economy grow at 7-8 percent. Changing of new government in favor more business friendly condition will promote economy grow but world economy still not fully recover from the financial crisis, majority people in the world spend less and save more, war spread from the Middle East to Eastern Europe, more nations in this world compete for cheap labor job. Easy to dream of economy grow but reality India will be grow at the same rate as the last 3 yrs.

 

[BuddhaPalm]

Only Maoists can bring prosperity to India!

 

[SUDIP]

Read my post again:



Growing at double-digits for one or two years is no feat, Afghanistan does it all the time.

The point is sustaining an average of double-digits over a long period of time.

As for 2004-2007, those were global boom years for everyone. China's growth rate in 2007 was 14.2%

Altough i have plethora of thoughts opinions and facts to share with you and tell you how india and china , how indian and chinese people are so different from one another, all these comparitive measuring only romantizes more the fantacies of internet warrior like us. But on a philosophical note as i am doing my phd now dat to with a chiense guy :

Forget about economy but as far as gdp growth is concerned (imo the people who started mesuring economy by gdp growth rate r the dumbest ever one in the past.) it may happen that after 50 or 70 years when ur 14.2% may transmformed to 2.41% or even on the negetive scale but india still growing at 6 to 7% per annum. This may be the advantage of being a democratic society over an authrotarian communist administration in the future.... who knows which can only be confirmed in future. In this metamorphosis world there is a lot of possibilities is there.

Some one really told the truth over here the large population is the only common thing between india and china..

 

[Chinese-Dragon]

Some one really told the truth over here the large population is the only common thing between india and china..

I agree with you on that. The only similarly between China and India is the population numbers.

Apart from the "global boom" years of 2004-2007, India's growth rate has generally only been around 4-5%, not impressive compared to the average for other developing countries.

 

[SUDIP]

I agree with you on that. The only similarly between China and India is the population numbers.

Apart from the "global boom" years of 2004-2007, India's growth rate has generally only been around 4-5%, not impressive compared to the average for other developing countries.

yes i also agree with u it was no where near to the 14.2% but what ever it may be it we r now looking forward to the future with the new goverment after all we are a democracy, may be u cant understand. But it shouldn't be like urs 2.41% but still we r growing at 6% in coming days.

 

[he-man]

These will have minimum affect on our overall economic power if if people are not educated to know what is democracy.


lol This is BS. He was a great man but just destroyed the economic backbone and precious time in the early years and let that concepts go on for next three decades. Only that, he did nothing else. And the result is India still one of the poorest.

He did well lest we would have been pakistan 2.0 ruled by military for 35-40 years,looks like u would have been happy then.

 

[Srinivas]

India along with US, Japan and others is feeling the heat of China's rise! But where the source of all these heat? Military? Diplomacy? Soft power? Nops. Its Chinese economy. China is about $ 10 trillion economy while the largest in terms of PPP, bravo!

Whether its space race, military power, Olympics, strategic bases abroad, soft power, global dominance everything is fuelled by economy and the $$$ you have! The Chinese have done the most wonderful job here. Even after becoming $ 10 trillion economy still they are growing at 7-8%!!!!!!!! Simply awesome!!!! Thats the real power.

Now while India was in better situation few decades ago, why didn't we grow somewhere even near to China? I tried to find out the same.....

1) License Raj of Nehru: This intolerable decision of our beloved ex PM has single handedly destroyed the backbone of our industry! This remained at the core of corruption and pulled back the economic growth in the country. After China started reform in early 70s, India also started slowly but again another visionary came, Morarji Desai! Again we were pulled back to the line poverty!!

2) Nepotism (Raj gharana regime at Centre): We repeatedly selected people for the top post who had birth right not the capability to lead India to a poverty free country, to lead India to real independence.

3) Rampant corruptions: Limitless, wholesale corruption from top to bottom! Again this has been fuelled by nepotism and license raj.


We did something good in the 90s and early 2000s but again extreme corruption and vote bank politics by UPA-2 has totally destroyed the backbone of economy.

In 2004 Chinese's economy was same as India in 2014 now what is funny is today's news PwC said India may become a $ 10 trillion economy by 2034!!! Thats 20 years away man!!!!! China took only 10 years.

Now whether its a new missile from DRDO, a new ultra modern hospital coming out in sub urban Mumbai, whether an Indian in space, whether we have a new 8 lane road, a modern airport/railway station everything comes from money!!! Now letting apart all these old bull shit can Modi govt take strong appropriate decisions? Will the state govts stand by Modi? Will Indians ever understand that independence is not in strikes and politics but in seeing everyone is happy atleast they can have basic amenities like food, shelter, hospitals and social securities.




How? Simple but very difficult choices!!!

1) Ban anyone from becoming MLA/MP for more than years.
2) Very Strong anti-corruption watchdog and exemplary punishments.
3) Fast decision making by the govt officials, no red tape. They should apply online ticketing system.

I think Modi has nothing to lose, he can make a few decisions and become the father of new India or do like what others did and become another MMS after 10 years.

We have to make a choice about fate of our 1.3 billion people!!!

The chart which was shown in the figure shows the bias of this article, see the scale and how they have mapped the bar graph, one of the main reasons of the slow down during the UPA govt. has to do with global slowdown.

People do not have time to go into details these days, some people over look the bar graph with out checking the scale and this will make an instant negative impression on UPA for sure.

There are drawbacks of last UPA govt., India and China both started their socialist policies in the past. But India is little late is reforms. Some propaganda against Nehru.

Every leader has some drawbacks !!

 

[he-man]

I agree with you on that. The only similarly between China and India is the population numbers.

Apart from the "global boom" years of 2004-2007, India's growth rate has generally only been around 4-5%, not impressive compared to the average for other developing countries.

Things will change again dragon when chinese wages are rising and its trying to shift to a consumption oriented economy from a manufacturing oriented.

The world would need another cheap factory in another 10 years,stop making irrational posts.

If japan,usa,europe did not want cheap labour china still would be poor but business is not run based on nationalistic lines but for profits and there will be no profits to be made in china 10 years from now due to much higher wages,,i suspect many chinese would themselves open factories in india.

 

[he-man]

Only Maoists can bring prosperity to India!

Yes ,so when are u coming with goodies?