As rivals falter, India’s economy is surging ahead

Discussion in 'Economy & Infrastructure' started by Peter, Feb 18, 2015.

  1. Peter

    Peter Senior Member Senior Member

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    As rivals falter, India’s economy is surging ahead


    As rivals falter, India’s economy is surging ahead - The Times of India
     
    TrueSpirit1, Sylex21, maomao and 2 others like this.
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  3. Peter

    Peter Senior Member Senior Member

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    A great news for all Indians.

    JAI HIND!!!!!!!!!!!!!
     
  4. Sambha ka Boss

    Sambha ka Boss Regular Member

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    Plus GST should be passed as soon as possible.
     
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  5. jouni

    jouni Senior Member Senior Member

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    I did some studying after you complained that Europe is a "debt slave" and "lacks growth": GDP of India per person in 1947 was 600$ last year it was 1500$, same numbers for some undisclosed small European country were 3700$ and 49500$. I would say that some growth has occured...
     
  6. Bangalorean

    Bangalorean Stars and Ambassadors Stars and Ambassadors

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    Does your $600/$1500 comparison factor in currency exchange rates?

    In 1947, it was $1=Rs. 1 if I remember correctly. Today it is $1=Rs. 62

    Comparing across years in dollar terms makes no sense at all.
     
  7. jouni

    jouni Senior Member Senior Member

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    Figures are same for both so they are comparable, the point is the growth rate...
     
  8. Dovah

    Dovah Untermensch Senior Member

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    Hahahahahahahahahaha.
     
  9. jouni

    jouni Senior Member Senior Member

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    I agree! Could not have said it better myself!
     
  10. jouni

    jouni Senior Member Senior Member

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    I agree! Could not have said it better myself!
     
  11. Sambha ka Boss

    Sambha ka Boss Regular Member

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    You talk in terms of GDP growth. I heard none of the major European economy have GDP growth rate more than 1-1.5% per year or even going to negative. :p :p
     
  12. jouni

    jouni Senior Member Senior Member

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    I rather take 49500 with one per cent growth than 1500 with seven per cent growth. Still it is great that you grow, really great!
     
  13. fyodor

    fyodor Regular Member

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    It's clear that jouni is an economically illiterate and not better then smartass we get on the bakistani forum....so don't waste time on him/her/neuter.
     
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  14. jouni

    jouni Senior Member Senior Member

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    Ok, maybe you could then explain that how is it possible that India has grown from 600$ to 1500$ in seventy years? I post the chart if I can still find it until then I have to trust my memory.
     
  15. Bangalorean

    Bangalorean Stars and Ambassadors Stars and Ambassadors

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    The reason many people call you a troll is because you don't bother to exercise your brain even a tiny bit. I already told you the fallacy in your calculation, but instead of sitting down with a calculator, you posted this:

    Do you understand the implications of the calculation you are doing here?

    Going by your own calculation, in 1947 India's GDP per capita was Rs. 600. Today it is Rs. 92000.

    Of course there has been inflation, and the real growth is very different. But you never factored inflation in your Europe calculation either, did you?
     
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  16. jouni

    jouni Senior Member Senior Member

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  17. Illusive

    Illusive Senior Member Senior Member

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    Last edited by a moderator: May 10, 2015
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  18. Sambha ka Boss

    Sambha ka Boss Regular Member

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    Sounds good but you need to have some significant amount of GDP growth rate to employee most of your population. :p :p
     
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  19. Bangalorean

    Bangalorean Stars and Ambassadors Stars and Ambassadors

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  20. karn

    karn Regular Member

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  21. ezsasa

    ezsasa Senior Member Senior Member

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    Add to this that RBI is intentionally trying to keep the dollar to Rs ratio at about 60, if they choose to de regulate the dollar will fall to half I.e 30. You can find articles almost every month where RBI buys dollars from indian markets and sells them at a lower price.

    Logic of keeping it at 60 is to encourage investment from Americans at this point in time. If RBI chooses to deregulate GDP in dollar terms will increase tremendously. Downside of This would be we are not richer by any means and investments will stop flowing. Only on paper we will be richer. Upside is we might get some bragging rights which are no use.
     

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