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Will India become a superpower by 2020?

Will India become a superpower by 2020?

  • No, India already is a superpower!

    Votes: 2 40.0%
  • Yes, please send bobs and vagene

    Votes: 3 60.0%
  • Never, because we are like this only.

    Votes: 0 0.0%
  • Maybe, because Benny Lava.

    Votes: 0 0.0%
  • No, because rape and eve teasing.

    Votes: 0 0.0%
  • Of course, because India has designated sh!tting streets.

    Votes: 0 0.0%
  • Yes! You can take poo to the loo on that one!

    Votes: 0 0.0%
  • Yes, because no beef.

    Votes: 0 0.0%
  • Yes, because Modi's surgical strikes.

    Votes: 0 0.0%
  • Yes, but need more water.

    Votes: 0 0.0%

  • Total voters
    5
  • Poll closed .
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Don't listen to @Mage. He always misleads people. He was suggesting me to take drugs.
What? I only gave you good suggestions. Warned you to stay away from harder stuff and not to overdo it....when someone was already suggesting that you do drugs...:undecided:

its really scaring
Have confidence. Just tell the girl beside you that you wanna grab her tits. Worst case, she'll tell you to **** off. Worth a try.
 
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Be wise. @Mage won't be there with you when you suffer the consequences.

If you need a companion, trust your parents. They know the best. They will find you a great fabulous girl.
And what will you do with your sexual urges, until they find you that fabulous girl? Wanna stay virgin till 30?

A lot of idiots out there who can't talk to girls then get married by their parents choice.....still don't know how to treat ladies, don't get what his wife expects from him.....gets into depression and have a very unhappy married life.
 
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Have confidence. Just tell the girl beside you that you wanna grab her tits. Worst case, she'll tell you to **** off. Worth a try.
what if she posts on social media?

Be wise. @Mage won't be there with you when you suffer the consequences.

If you need a companion, trust your parents. They know the best. They will find you a great fabulous girl.
chill bro i am just kidding
 
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https://www.livemint.com/Politics/cDK6jVFWU1QlvcJfBffl1N/The-Moodys-curse-on-the-Indian-economy.html

The Moody’s curse on the Indian economy
Risks highlighted by Moody’s a year ago—rise in external vulnerability, deterioration in fiscal metrics and banking health — seem to have materialized in the Indian economy
Tadit Kundu
moodys-kZGI--621x414@LiveMint.jpg

Since Moody’s India ratings upgrade around this time last year, whatever could go wrong has indeed gone wrong. Photo: Bloomberg

Mumbai: Almost a year ago, ratings company Moody’s Investors Service Inc. upgraded India’s sovereign debt rating, making India only the second large emerging market (among emerging markets in the G20 group of economies) to have improved its rating in the past five years. Since then, only two more major economies (G20 members) — Argentina and Indonesia — have been upgraded by Moody’s while two others — Turkey and Italy — have been downgraded.

India, meanwhile, has witnessed a massive exodus of foreign investors since the upgrade. According to data sourced from the Institute of International Finance Inc. (IIF), India has witnessed the sharpest non-resident portfolio outflows (equities and debt combined) among major emerging market (EM) economies over the past year.

Clearly, Moody’s upgrade of India’s rating to Baa2 from Baa3, the first such upgrade in 13 years, did not increase capital inflows. One reason is that ratings agencies are often behind the curve and play catch up. Even before Moody’s upgrade, India had already succeeded in reining in inflation, current account deficit (CAD) and fiscal deficit amid low crude oil prices. Thus, portfolio inflows had already surged before Moody’s upgrade.

And after the upgrade, whatever could go wrong has indeed gone wrong. While Moody’s had struck a largely upbeat tone in its upgrade note last year, it had nevertheless mentioned three risks which could move the rating down—increase in external vulnerability, a “material deterioration” in fiscal metrics and slide in banking health. All of these three risks materialized subsequently, in varying degrees.

As Mint’s macroeconomic tracker showed, India’s external vulnerability metrics have deteriorated in recent quarters. India’s CAD continues to widen amid two headwinds—elevated crude oil prices and global trade uncertainties—which have dampened India’s exports.

Over the past year, the outlook on India’s CAD has worsened the most among major emerging market economies. To illustrate, the World Economic Outlook (WEO) released by the International Monetary Fund (IMF) in October 2017 had pegged India’s 2018-19 CAD at 1.5% of GDP (gross domestic product). After a year, in the October 2018 WEO edition, it revised the estimate upwards to 3% of GDP.

The fact that the outlook on India’s current account has worsened the most in the last one year is not surprising given India’s excessive reliance on imported crude oil, compared to other emerging markets.

Apart from external vulnerability, the fiscal outlook has also deteriorated. Moody’s in its note last year had lauded reforms such as goods and services tax (GST) and demonetisation for their potential to “reduce informality in the economy” and to better government finances. However, as noted in a recent Plain Facts column, such measures have not led to any significant improvement in the central government’s finances, with the centre set to miss its 2018-19 fiscal deficit target. The growth in aggregate indirect tax collections of the centre and states has also declined after the introduction of the GST, data shows.

Apart from external vulnerability and fiscal metrics, the third risk that Moody’s had highlighted was banking health. To be sure, the present government has taken some bold steps to resolve the bad-loan problem of banks, such as introducing the Insolvency and Bankruptcy Code, 2016 (IBC). However, the recent public spat between the Government of India and the Reserve Bank of India (RBI) raises concerns whether the government will continue to support the hitherto aggressive measures by RBI. Reports suggest that the government has not been too happy with RBI’s February 12 circular on classification of NPAs (non-performing assets).

Any perceived leniency in dealing with the NPA problem might be perceived negatively by ratings agencies and foreign investors, given that India’s banking sector is already among the weakest among G20 economies.

Besides, cracks are also appearing in some of India’s leading non-banking financial companies (NBFCs). The financial sector troubles do not bode well for India’s investment cycle.

Thus, in the one year since Moody’s upgrade, it seems all the downside risks that the ratings agency had highlighted, have indeed materialized.

One silver lining in recent weeks has been the correction in oil prices. If that sustains, it could brighten prospects for the Indian economy in the short-term. However, unless the engines of exports and investments start firing, growth will remain lopsided, and the economy won’t see a sustained recovery.

https://www.thenational.ae/world/as...lion-applicants-for-90-000-vacancies-1.718020

India's jobs crisis: 25 million applicants for 90,000 vacancies
One million Indians enter the workforce each month, but the number of jobs being created is a fraction of that number
Samanth Subramanian
wo02-APR-India-Jobs.JPG

People shout slogans as they block train services during a protest demanding recruitment into the railway services in Mumbai, India, on March 20, 2018. Francis Mascarenhas / Reuters
More than 25 million people have applied for 90,000 vacancies in India’s state-owned railway operator, an imbalance that illustrates the country’s struggle to find jobs for its employable millions.

The positions advertised by Indian Railways in February cover a variety of roles around the country: engine drivers, signalling staff, welders, porters, track maintenance workers, electricians and mechanics, among others.

About 62,000 of these jobs are open to applicants who have passed their 10th-grade school examinations and are between 18 and 31 years old. Salaries for these positions start at 18,000 rupees (Dh1,015) a month.

The selection process will begin with an online examination, conducted in English and 14 Indian languages, that all 25 million applicants will have to take in the next few months.

Indian Railways, which has 1.3 million people on its rolls, is the eighth-largest employer in the world. But the vacancies it is seeking to fill have built up over time.

“We’ve not been recruiting for the last couple of years, and attrition is already there. And so we require people,” Ashwani Lohani, the chairman of Indian Railways, told Reuters.

A job with the state railway operator is considered a prize. Employees are eligible for flats in state-allotted housing complexes, pensions, medical care and free travel on trains. Added to this is the security of long-term employment – as with most government jobs, layoffs never happen.

Such positions are even worth agitating for. On March 20, hundreds of students in Mumbai sat on the city’s commuter rail tracks, holding up train traffic to protest against one of Indian Railways’ newer recruitment policies.

For decades, Indian Railways had taken on students as apprentices in its technical workshops and hired them once they completed their training. In 2016, however, the company decided stop the automatic recruitment of apprentices, offering to hire just one in five of them.

“They give us training but then don’t want to employ us,” Somit Singh, an apprentice who had travelled to Mumbai from Gujarat, said during the protest. “How is this fair?”

The desperation for these jobs highlights a long-standing criticism of Prime Minister Narendra Modi’s four years in power: that his government has failed to create employment.

When he was elected in 2014, Mr Modi promised an economic revival that would create many avenues for employment. Vowing to build up the manufacturing sector, for example, he said that his "Make in India" initiative would create 100 million jobs by 2022.

But the numbers show that Mr Modi has struggled in this regard. In February, India’s unemployment rate hovered around 6.1 per cent, the highest in 15 months, according to the Centre for Monitoring Indian Economy, a think tank based in Mumbai.

About two thirds of India’s population of 1.25 billion is under the age of 35, and around one million Indians enter the workforce each month.

Yet India’s eight biggest sectors – manufacturing, construction, trade, transport, IT, education, health care, and hotels and restaurants – added just 155,000 new jobs in these sectors in 2015 and 231,000 in 2016, government data showed. The figures for 2017 have not yet been published.

In 2009, by contrast, under the opposition Congress party, India added a million new jobs.

The difficulties of providing employment have accompanied a slow turnaround of the economy, in a phenomenon that economists call “jobless growth”. India’s gross domestic product grew by 7.2 per cent in the final quarter of 2017, having slowed to a three-year low of 5.7 per cent between April and June last year.

The problem of joblessness is fast becoming a liability for Mr Modi, and providing ammunition to the Congress ahead of a general election next year. “While China is creating 50,000 jobs every 24 hours, our Prime Minister Narendra Modi, despite launching Make in India, Startup India, and Digital India, creates only 450 to 500 jobs” in the same time, Rahul Gandhi, the Congress president, said at a state election rally in Karnataka last month.

Any aspirations that India’s youth have to a white-collar life are being stymied by this lack of jobs, said Mihir Sharma, a fellow at the Observer Research Foundation, a think tank based in New Delhi.

The political impact of such a trend will be significant, Mr Sharma said. “The lack of career options … might give rise to anger and concern that times are becoming tougher, and not better, for young Indians.”

http://www.atimes.com/modi-government-refuses-acknowledge-indias-jobs-crisis/

Modi government refuses to acknowledge India’s jobs crisis
Vivek Kaul
Indian Railways, the country’s largest public-sector employer, recently received more than 28 million applications for 90,000 job posts it had advertised for. As of March 31, 2017, Indian Railways employed around 1.31 million individuals.

The ratio of the number of applicants to the number of jobs stood at a whopping 311:1.

The number of applicants was more than the population of Australia, which was a little over 24 million in 2016. It was around six times the population of New Zealand, which in 2016 was around 4.6 million.

Using data provided by the Central Statistics Office of the government of India, we can estimate that the number of Indians between the ages of 15 and 29, who are most likely to apply for these jobs on offer, is 360 million (189 million males and 171 million females).

This basically means that close to 7.8% of the population in that age group that can be categorized as India’s youth applied for the 90,000 jobs on offer at Indian Railways. What this calculation does not take into account is the fact that not everybody in the 15-29 age group is looking for a job.

Many individuals in this age group are studying. In the case of females, many get married at a young age and take care of the family. In some other cases, females have been pulled out of school or college and are waiting at home to get married.

We need to adjust for this – that is, take the labor-force participation rate of this age group into account – and then recalculate the numbers.

The labor-force participation rate for males in the 15-29 age group was 63.1% as of June 2012, according to the National Sample Survey Office. That was the proportion of people who were actually looking for jobs. For women, the figure was only 18.3%.

There are two explanations for the low female labor-participation rate. One lies in the fact that many individuals in this age group are still studying. Further, the overall participation rate for females is also very low at 18.1%, and this is reflects in this age group as well. Taking the participation rates into account, the total number of people in India actively looking for jobs in the 15-29 age group works out to 150 million (119 million males and 31 million females).

This means close to 18.7% (28 million expressed as a percentage of 150 million) of the population in the 15-29 age group has applied for the 90,000 jobs on offer at Indian Railways. Or to put it a little simplistically, one in five individuals in the 15-29 age-group applied for those jobs.

This tells us the sad state of affairs for the 1 million youth who join the Indian workforce every month. Another factor at work here is that the government pays much better at lower levels than the private sector in India does, which obviously gets many people to apply.

The above figures clearly show the lack of formal jobs in India. This is a problem that the government is not willing to acknowledge. Recently, Jayant Sinha, a junior minister in the government of Prime Minister Narendra Modi, called India’s jobs crisis more of a data crisis, in a column he wrote for The Times of India, the country’s largest-selling English-language newspaper.

In his column he stated that 6.5 million new jobs were created in the retail sector between 2014 and 2017. While he didn’t state the source of these data, some digging suggests that he borrowed this number from “Human Resources and Skill Requirement in the Retail Sector,” a report authored by KPMG for the NITI Aayog, a government-run think-tank.

The 6.5 million jobs that Sinha talked about was basically a forecast, which he passed off as the actual number of jobs created. As far as the lack of data is concerned, the Labor Bureau carried out six household-based Annual Employment-Unemployment Surveys (EUS) between 2010 and 2016. Reports of five rounds have been released to date. (Makes us wonder why the report on the sixth round has been held back.)

The report of the fifth round was released in September 2016. One of the major findings of the report was that only 60% of Indians who were looking for a job all through the year found one. This figure showed very clearly the bad state of jobs in India. This was consistent with a similar finding in the report on the fourth round of the survey as well.

Recently, in an answer to a question raised in Parliament, the government said, “On the recommendations of the Task Force on Employment, however, this survey has been discontinued.” Basically, a survey that brought bad news has been discontinued, and then the government goes around talking about lack of data.

There are enough data that suggest that India is facing a huge unemployment problem. The so-called demographic dividend is collapsing. The Modi government refuses even to acknowledge this problem. The first step toward solving any problem is to acknowledge it. If you don’t acknowledge a problem, how do you solve it?

Asia Times is not responsible for the opinions, facts or any media content presented by contributors. In case of abuse, click here to report.
 
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The year 2020 is fast approaching. We are now only a few months away from the dawn of a new era! India is set to become a superpower by 2020, according to the predictions made by many eminent Indians.

Let me be the first to congratulate our Indian members here at PDF. You must be brimming with pride! Let the countdown to 2020 begin...
 
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I saw with my own eyes many Indian voters who voted for Modi saying this on TV i.e. they are a superpower now and the world will bow to India lol.
But anyway, no need for a thread.
 
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The year 2020 is fast approaching. We are now only a few months away from the dawn of a new era! India is set to become a superpower by 2020, according to the predictions made by many eminent Indians.

Let me be the first to congratulate our Indian members here at PDF. You must be brimming with pride! Let the countdown to 2020 begin...

Aren't they already a Supa Powa?
 
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Thread closed. It was only meant for trolling anyway.
 
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The year 2020 is fast approaching. We are now only a few months away from the dawn of a new era! India is set to become a superpower by 2020, according to predictions made by many eminent Indians.

Let me be the first to congratulate our Indian members here at PDF. You must be brimming with pride! Let the countdown to 2020 begin!

:woot::woot::woot::yay::yay::yay::yahoo::yahoo::yahoo:
 
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The year 2020 is fast approaching. We are now only a few months away from the dawn of a new era! India is set to become a superpower by 2020, according to predictions made by many eminent Indians.

Let me be the first to congratulate our Indian members here at PDF. You must be brimming with pride! Let the countdown to 2020 begin...
Evidently you have a lot of time on your hands !

Creating threads on imaginary situations !
 
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