Will India become the next fastest growing economy in Asia?

[Ryuzaki]

FDI is rising in India,but is still smaller than tiny countries like Singapore

 

[Aepsilons]

I totally agree, though things are looking up, states are taking up the economic mantles on their own. States have started competing against each other, which is a good sign. There's much more internal integration now then before.

And that's a good sign. Intranational competition is what will drive quality of production, which will drive a competitive spirit in India. This is all part of Kaizen, btw.

 

[Lonely Hermit]

Rao indeed was critical. But one man that is not given enough credit is Mr. Singh. Mr. Singh was 'silent' and not as 'vocal' as Modi, but by Jove, the man was a policy genius. Tactical and shrewd, by all means.

Actualy Manmohan got most of the credit for 1991 reform and Rao contribution was ignored. Rao move for economic liberalization was politically risky move. He was our deng xiaoping and like Deng got completely sidelined . I am personally very disappointed in Manmohan he being an economist RBI ex governor allowed current account deficit to go more than 6% which lead to our currency crisis in 2013. You cannot expect much from him in political front but allowing CAD to overshoot to such an extent was not expected from him.

 

[illusion8]

Its important not to compare to China in terms of policy implementation. The CPC has a tendency of policy reforms that may provide short term gains, but result in long term effects, an example has been their environmental exigency. A result of Mao-era environmental engineering.

Again, one thing that the Indian government can learn from the Chinese are more so operational policy initiatives in context to manufacturing processes. India's industry has not reached potential , and focus is on light service sector, heavy industry has yet to be tapped. Hard industry such as manufacturing is what will produce hundreds of thousands of jobs that will transform Indian civil society on the grassroots level to the national polity level. It may even have an effect on urbanization levels as well as greater infrastructure development to meet urbanization rate.

At the moment - we do not need to reinvent the wheel, to get a jump start we can partner with highly industrialized nations like Japan and Germany to bring our manufacturing sector upto speed.

 

[Aepsilons]

Percentage wise we will be the fastest

Naturally , bro. India is a continental sized nation ! India, to me, still remains largely untapped !!

 

[Echo_419]

Really?

India's economic growth slows to 7% - BBC News

You quoted the wrong post

 

[illusion8]

Actualy Manmohan got most of the credit for 1991 reform and Rao contribution was ignored. Rao move for economic liberalization was politically risky move. He was our deng xiaoping and like Deng got completely sidelined . I am personally very disappointed in Manmohan he being an economist RBI ex governor allowed current account deficit to go more than 6% which lead to our currency crisis in 2013. You cannot expect much from him in political front but allowing CAD to overshoot to such an extent was not expected from him.

Manmohan became victim of the Gandhi dynasty, doesn't take away the fact that he was a brilliant economist. There was global economic turmoil during his prime ministership too.

 

[Aepsilons]

Manmohan became victim of the Gandhi dynasty, doesn't take away the fact that he was a brilliant economist. There was global economic turmoil during his prime ministership too.

Mr. Singh is an academic-leader, by all means. He is an Oxford- and Cambridge-educated economist credited with shaping India's economic and social welfare reforms. Singh's quiet intellectualism renders him a timid public figure. He is not given enough credit for what he had done positively for your country.

 

[Echo_419]

Naturally , bro. India is a continental sized nation ! India, to me, still remains largely untapped !!

Exactly we have a massive untapped potential & with the help of our Japanese friends we are realizing it

 

[Lonely Hermit]

Manmohan became victim of the Gandhi dynasty, doesn't take away the fact that he was a brilliant economist. There was global economic turmoil during his prime ministership too.

A brilliant economist who allowed such massive current account deficit to occur, if he couldn't even control CAD due to political pressure why the hell didn't he resign from his job ?History would have judged him far more kindly.

 

[Skull and Bones]

Yes, because Bollywood is making a movie on the 'Shupa Powa' rising in every way

so it has to be true !

You get Bollywood in North Korea? Impressive!

 

[Who.Cares]

It already is..

At 7 per cent, India remains fastest growing major economy - The Hindu

It's temporary.

 

[Dr. Sen]

There is uneven distribution of goods and services in India so GDP increase in a country like India dont help much to reduce poverty as it don't necessarily guarantee an equitable distribution of incomes

The number of hungry people in India has fallen to by 9.5 per cent to 190.7 million now from 210.8 million two decades ago

In just one dacade. Plus we decreased poverty by half in 2 decades

 

[homagnibhatt]

It's temporary.

One is entitled to one's views, of course. But to convince others you need to provide appropriate facts/figures to support your claim.

Otherwise, it comes across as a rant, nothing more.

 

[Donald Trump]

No.

Huh?