Discussion in 'Economy & Infrastructure' started by ashdoc, Oct 6, 2015.
Rate of Growth is good, but in absolute terms Chinese economy will continue to outstrip Indian economy.
I don't think that part is going to change for another decade. But even the better current Indian growth rate is unsustainable unless there are massive reforms on the ground, let alone the ideal growth rate of 9-10% p.a.
there are massive expenditure plans being kicked off by the Government Many infrastructure projects have been unlocked specially in the road building sector.
Two projects for me hold great significance
1. Rs. 70,000 Crores for developing and upgrading of ports across the country.
2. Rs 45,000 Crores for the setting up an all India Power Grid so that in 10 years time all the villages will receive electricity.
These are going to propel the economy in a big way, but the results will kick in after 2 to 3 years only.
While this is true, the effect of such measures will be only for a few years as it can be undid by the next govt like it happened last time with UPA 1 which completely neglected infrastructure development. So for a long lasting long term improvement of our economy, reforms to push India from its current 142 position in ease of doing business index to atleast 50 or less should be undertaken. Right now , our ebi is actually worse than Pakistan. Chew on that !
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