Tracking Indian Economy till general elections 2019

sorcerer

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Realty investment share in tier II & III cities surpass metros


Kolkata: Investments into retail real estate has gained momentum in tier II and tier III cities and accounts more than metros, according to property consultant firm JLL India.

"With retail assets becoming more lucrative, thanks to the impending launch of real estate investment trusts (REITs), the period between 2015 and Q3 2017 saw an astonishing 54 per cent of over USD 1.57 billion investments in retail real estate happening in tier II and III cities, well exceeding those in the metros," JLL India MD, retail services, Pankaj Renjhen said in a statement.

This includes entity-level deals, platform deals and acquisition of stakes in malls.

Some of the global private equity funds have been investing in the retail real estate sector to diversify their investment portfolios in India, Renjhen said.

Apart from Mumbai, investment largely took place in cities such as Pune, Bangalore, Amritsar, Indore, Ahmedabad and Chandigarh, the firm said.

Investment by PE funds in retail real estate assets will also bring a structured approach to leasing, leading to a more regular performance evaluation of brands within malls, it said.

As retail assets can become a part of the REIT portfolio, options for exits open up, which enhances the liquidity of such retail assets, JLL said.


http://www.ptinews.com/news/9291682...n-tier-II---III-cities-surpass-metros$storyes
 

sorcerer

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UPI crosses the 100 million mark

Less than two years after it was launched - 20 months, to be precise - UPI or the Unified Payment Interface has crossed the 100 million transaction mark in November, as reported by Inc 42, registering a growth of 36.7% over the previous month.

November's burst comes on the heels of 2.5 times increase seen in UPI transactions in October, vis-a-vis September.
The increase in UPI transactions has been led in part by the near-three fold increase in the number of banks which are UPI enabled - from 21 at launch to 60 at last count. The introduction of digital payment solutions like BHIM, Google Tez & Flipkart's PhonePe have also led to a surge in UPI transactions.

In terms of value, November was the second consecutive month of over a billion dollars being paid via UPI - with Rs 9,679 crore worth of transactions in November compared to Rs 7,030 crore worth of transactions in October.

In terms of value, UPI transactions have risen over 100 times in one year, since November last year.































http://www.businesstoday.in/current...rosses-the-100-million-mark/story/265340.html
 

sorcerer

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100 million Soil Health Card distributed to farmers in the first phase (2015-2017): Agriculture Minister

Shri Radha Mohan Singh launches Soil Health Card (SHC) Mobile App

Shri Radha Mohan Singh addresses farmers on the occasion of World Soil Day in Jhajjar, Haryana

New Delhi: On the occasion of World Soil Day, Union Agriculture and Farmers Welfare Minister Shri Radha Mohan Singh said that the objective of SHC is to provide information about the Soil Health to 120 million farm holdings in the country. The Agriculture Minister stated it while addressing farmers on the occasion of World Soil Day in Jhajjar, Haryana today. It is worth mentioning that every year World Soil Day is celebrated on 5th December. In India, Soil Health Card scheme was launched in February 2015 in Rajasthan. The Minister said that Soil Health Card mobile App has been launched today to help the farmers. The app will benefit field-level workers as it will automatically capture GIS coordinates while registering sample details at the time of sample collection in the field and indicate the location from where the sample has been collected.

This app works like other Geotagging apps developed for the Rashtriya Krishi Vikas Yojana. The app contains farmers’ details including name, Aadhaar card number, mobile number, gender, address, crop details, etc.

Shri Singh said that SHC informs farmers about nutrients status of the soils along with the recommendation on appropriate dosage of nutrients to improve soil health and fertility. A farm will get the soil card once in every 2 years so that nutrients deficiency can be regularly detected and improved. He said that the imbalanced use of fertilizers damages the fields and reduces production. The Minister informed that in the first phase (2015-17) 100 million SHCs have been distributed so far. The aim of the Ministry is to provide SHC to all 120 million farm holdings by December, 2017. The second phase began on May 1, 2017, and will continue for the year 2017 to 2019.

The Agriculture Minister said that the key features of Soil Health Card include a uniform approach to collect samples and test them in the laboratory, covering all the land in the country and renew SHC every two years. This scheme is being implemented in collaboration with State Governments. GPS based soil sample collection has been made compulsory to monitor the changes in soil and to prepare a systematic database to compare them with the past years’. The Minister further said the online registration of samples and test results are uploaded on the National Portal of the Soil Health Card. Based on the test results, the system automatically calculates the recommendations.

Shri Singh said that Soil Health Card is prepared in 14 local languages and distributed to the farmers. The Minister expressed happiness over the preparation of SHC in the local dialect. Now the SHC can be prepared in local dialects such as Kumaoni, Garhwali, Khasi, and Garo. He said that farmers should use nutrients on their farms as per the recommendations in the card. This will reduce the cost of production and increase the output and income of the farmers.

The Agriculture Minister informed that the SHC portal has been linked to the Integrated Fertilizer Management System (iFMS) and distribution of fertilizers has started in 16 districts on the basis Soil Health Card recommendation as a pilot scheme. It is worth mentioning that on the Occasion of World Soil Day, programs are being organized in all the districts at the state level to generate awareness about Soil Health. Talking about the progress of SHC distribution in Haryana, the Minister informed that in the first phase, the aim was to distribute SHC to 43.6 lakh farmers and so far 28.92 lakh farmers have been provided SHC. The remaining are being distributed. To promote SHC, various initiatives are being organized by state governments and ICAR, its institutions and Krishi Vigyan Kendras to promote Soil Health Card scheme.

http://pib.nic.in/newsite/PrintRelease.aspx?relid=174111
 

prohumanity

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India is undergoing a unprecedented change in its economy and banking system. For last 15 years, it was a free for all fraudsters and crooks like Pawars, Hasan Alis, Tapuriahs, Parasmal Lodha's, Reddy bros , telgis, Bhujbals and many more and they looted Indian people with the help of corrupt politicians and bankers.
Lalus, Mamta gangsters, Mayawatis, Mulayams, Chidambarams, Sibals, and Pappus and so on might go down.

BJP leaders have become the greatest threat to all these crooks and money-lauderers ...But they will fight fiercely before going down. If BJP succeeds in this last fight..Indian economy will flourish and corruption will go down significantly. A new culture of rule of Law might happen...I feel great thinking about this possible new India. Wish well to my native land !
 

F-14B

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India is undergoing a unprecedented change in its economy and banking system. For last 15 years, it was a free for all fraudsters and crooks like Pawars, Hasan Alis, Tapuriahs, Parasmal Lodha's, Reddy bros , telgis, Bhujbals and many more and they looted Indian people with the help of corrupt politicians and bankers.
Lalus, Mamta gangsters, Mayawatis, Mulayams, Chidambarams, Sibals, and Pappus and so on might go down.

BJP leaders have become the greatest threat to all these crooks and money-lauderers ...But they will fight fiercely before going down. If BJP succeeds in this last fight..Indian economy will flourish and corruption will go down significantly. A new culture of rule of Law might happen...I feel great thinking about this possible new India. Wish well to my native land !
hey you forgot to add the Head choppers of Kerala to the list you saffronist :crying::crying::pound::pound::pound::pound:
 

Vishwarupa

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In France, a farmer dies by suicide every two days. In China, farmers are killing themselves to protest the government’s seizing of their land for urbanization. In Ireland, the number of suicides jumped following an unusually wet winter in 2012 that resulted in trouble growing hay for animal feed. In the U.K., the farmer suicide rate went up by 10 times during the outbreak of foot-and-mouth disease in 2001, when the government required farmers to slaughter their animals. And in Australia, the rate is at an all-time high following two years of drought

Lack of funding, Climate Change and high input (seeds, fertilizers and pesticides) costs – all contribute to the farmer suicides the world over. Suicides that are increasing every day!

Cotton has been grown in India for over 5000 years. India was the major center for cotton.

The real issue started when in the bid to increase production of cotton, Indian farmers went for hybrid seeds. These seeds needed more insecticides, pesticides and fertilizers. The pink bollworm, which wasn’t such a major threat until then, suddenly became a major scourge. With the chemicals accompanying the hybrid seeds, bollworm evolved and became more resistant.

That is where Monsanto entered with its bollworm-resistant Bt Cotton seeds. But this use of Bt Cotton created its own issues of a cycle of expensive components that needed proper irrigation and supplies. Monsanto pushed its way into India despite the resistance. Today 95% of Indian cotton seeds are controlled by Monsanto.

Steps that need to be taken

  1. Create an alternative Seeds research program that is government backed and reasonable in cost
  2. Robust and reliable irrigation policy plus electrification of villages so water can reach smallest of farms
  3. Insurance against Crop failurethat is backed by the Government so it is reasonably priced.
  4. Easy access to funds – via bank accounts – for farmers to wean them away from local moneylenders
All these steps are important and critical if the menace of farmers suicides has to be tackled effectively. Remember, the idea is NOT to do lip-service, but to find a real, effective and permanent solution for the issues which prompt the farmers to commit suicide!

Steps taken by Modi Govt.

70% Cut in Monsanto’s Royalties: Modi government announced a 70% cut in the royalties that the local firms pay Monsanto for its cotton seeds. With such deep cut in its revenue – which Monsanto has been accused of jacking up due to its monopoly – Monsanto announced that it may leave the country and not sell its seeds in India anymore. To this, the Indian Minister of state for agriculture Sanjeev Kumar Balyan said that Monsanto was welcome to leave if it does not want to adhere to the lower prices (and stop indulging in price gouging) – Government says India ‘not scared’ if Monsanto leaves. This comes from the confidence of the Indian government to create its own GMO seeds for cotton to rival Monsanto’s by early next year!

2 Pradhan Mantri Krishi Sinchai Yojana: This is the national mission from PM Modi’s government to improve the irrigation in the country and enable the agriculture to become resistant to the vagaries of Indian monsoon. It is important to remember that climate vagaries in just 2014-15 led to 5.3% loss in foodgrain production and 0.2% loss in agricultural growth rate.

In the next 5 years, INR 50,000 crore from the central budget would be utilised for the Pradhan Mantri Krishi Sinchai Yojana. The contribution of the states will be over and above this.

The main focus of PMKSY will be (i) Micro-irrigation projects (“Har Khet Ko Pani”) and (ii) end-to-end irrigation solutions.

The PMKSY will also take up the irrigation projects that were started by previous government but either not implemented or poorly implemented. Actually, 1,300 watershed projects of the previous government will be completed.

The scheme will also provide Rs 200 crore earmarked as Agri-Tech Infrastructure Fund (ATIF) – the corpus required to promote the National Agricultural Market (NAM) – which will give farmers easy access to the markets for sale of their produce.

The scheme will be monitored by a steering committee by PM Modi and ministers of Agriculture, Water Resources and Rural Development.

3 Pradhan Mantri Fasal Beema Yojna (Crop Insurance for Farmers): This is another major step that is needed to fight the issue of farmers suicide. There were crop insurance schemes earlier as well, but they fell short. Here are some of the major features of the crop insurance scheme brought about by PM Narendra Modi:

  • The premium rate paid by the farmer will be to a maximum of 2% of the sum insured (rest being paid by the State and Central Government). Specifically, 2% of the sum insured as premium for kharif crops and 1.5% for rabi crops. In the previous scheme, the rates were as high as 4-15%!
  • Until now, the government only provided relief. But this new scheme will provide compensation for the losses incurred by the farmer. In fact, the scheme will go beyond the usual norms of such insurance schemes and even compensate for loss of seed plants and post-harvest damage! In a bid to improve the assessment of the calamities (hailstorms, unseasonal rains, landslides and inundation). To speed up the settlement of claims, estimate losses, and assess compensation the government will use smartphones, remote-sensing data and even drones to assess crop damage!
  • The scheme will give an immediate payment of 25% of the due compensation to the farmers directly into their bank accounts. Anyone who knows the level of corruption knows that the babus distributing the funds from Government relief pocket majority of it. That isn’t an issue thanks to the Jan Dhan yojana’s success!
  • The previous crop insurance schemes have a 23% cover. The aim of the new scheme is to get to 50% cover.
  • The Scheme will become applicable from the Kharif crop of 2016.
4 Relief to Farmers in Input Subsidy: In 2015, PM Narendra Modi announced that farmers will now be eligible for input subsidy if 33 per cent of their crop has been damaged, as opposed to 50 percent or more, which was the norm till now.Further, the input subsidy given to distressed farmers will be enhanced by 50 per cent of the existing amounts. PM said that “This is a major departure from the incremental changes in input subsidy that have been made hitherto”.

5 Soil Health Card: Under this scheme launched by PM Modi in 2015, government issues soil cards to farmers which carry crop-wise recommendations of nutrients and fertilizers required for the individual farms to help farmers to improve productivity through proper use of inputs. The soil testing labs across the country will test the soil samples and give the results which will be added to a farmer’s Soil Health Card. You can check the progress of the scheme from its site by downloading the excel sheet with the latest information. A total of 14,752,382 (147.5 crore) SHCs have been issues in the country by 29th March 2016!

Sangh is also doing its bit

While the Modi government is working through the governmental framework, policies and machinery to set right the things that have until now contributed to the enormous numbers of farmer suicides, the farmer union associated with the RSS is also doing its bit to take the fight to corporate seed monopolies like Monsanto. In an interesting article titled – How Monsanto found an able adversary in the Sangh parivaar – Economic Times details out how the Bharatiya Kisan Sangh is fighting the agricultural Goliath Monsanto!

The compete answer had been taken from an article at Drishtikone

This is not my area of expertise, but after reading your question i searched online & found this article as very informative so thought of sharing it in part.
 

Willy2

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In France, a farmer dies by suicide every two days. In China, farmers are killing themselves to protest the government’s seizing of their land for urbanization. In Ireland, the number of suicides jumped following an unusually wet winter in 2012 that resulted in trouble growing hay for animal feed. In the U.K., the farmer suicide rate went up by 10 times during the outbreak of foot-and-mouth disease in 2001, when the government required farmers to slaughter their animals. And in Australia, the rate is at an all-time high following two years of drought

Lack of funding, Climate Change and high input (seeds, fertilizers and pesticides) costs – all contribute to the farmer suicides the world over. Suicides that are increasing every day!

Cotton has been grown in India for over 5000 years. India was the major center for cotton.

The real issue started when in the bid to increase production of cotton, Indian farmers went for hybrid seeds. These seeds needed more insecticides, pesticides and fertilizers. The pink bollworm, which wasn’t such a major threat until then, suddenly became a major scourge. With the chemicals accompanying the hybrid seeds, bollworm evolved and became more resistant.

That is where Monsanto entered with its bollworm-resistant Bt Cotton seeds. But this use of Bt Cotton created its own issues of a cycle of expensive components that needed proper irrigation and supplies. Monsanto pushed its way into India despite the resistance. Today 95% of Indian cotton seeds are controlled by Monsanto.

Steps that need to be taken

  1. Create an alternative Seeds research program that is government backed and reasonable in cost
  2. Robust and reliable irrigation policy plus electrification of villages so water can reach smallest of farms
  3. Insurance against Crop failurethat is backed by the Government so it is reasonably priced.
  4. Easy access to funds – via bank accounts – for farmers to wean them away from local moneylenders
All these steps are important and critical if the menace of farmers suicides has to be tackled effectively. Remember, the idea is NOT to do lip-service, but to find a real, effective and permanent solution for the issues which prompt the farmers to commit suicide!

Steps taken by Modi Govt.

70% Cut in Monsanto’s Royalties: Modi government announced a 70% cut in the royalties that the local firms pay Monsanto for its cotton seeds. With such deep cut in its revenue – which Monsanto has been accused of jacking up due to its monopoly – Monsanto announced that it may leave the country and not sell its seeds in India anymore. To this, the Indian Minister of state for agriculture Sanjeev Kumar Balyan said that Monsanto was welcome to leave if it does not want to adhere to the lower prices (and stop indulging in price gouging) – Government says India ‘not scared’ if Monsanto leaves. This comes from the confidence of the Indian government to create its own GMO seeds for cotton to rival Monsanto’s by early next year!

2 Pradhan Mantri Krishi Sinchai Yojana: This is the national mission from PM Modi’s government to improve the irrigation in the country and enable the agriculture to become resistant to the vagaries of Indian monsoon. It is important to remember that climate vagaries in just 2014-15 led to 5.3% loss in foodgrain production and 0.2% loss in agricultural growth rate.

In the next 5 years, INR 50,000 crore from the central budget would be utilised for the Pradhan Mantri Krishi Sinchai Yojana. The contribution of the states will be over and above this.

The main focus of PMKSY will be (i) Micro-irrigation projects (“Har Khet Ko Pani”) and (ii) end-to-end irrigation solutions.

The PMKSY will also take up the irrigation projects that were started by previous government but either not implemented or poorly implemented. Actually, 1,300 watershed projects of the previous government will be completed.

The scheme will also provide Rs 200 crore earmarked as Agri-Tech Infrastructure Fund (ATIF) – the corpus required to promote the National Agricultural Market (NAM) – which will give farmers easy access to the markets for sale of their produce.

The scheme will be monitored by a steering committee by PM Modi and ministers of Agriculture, Water Resources and Rural Development.

3 Pradhan Mantri Fasal Beema Yojna (Crop Insurance for Farmers): This is another major step that is needed to fight the issue of farmers suicide. There were crop insurance schemes earlier as well, but they fell short. Here are some of the major features of the crop insurance scheme brought about by PM Narendra Modi:

  • The premium rate paid by the farmer will be to a maximum of 2% of the sum insured (rest being paid by the State and Central Government). Specifically, 2% of the sum insured as premium for kharif crops and 1.5% for rabi crops. In the previous scheme, the rates were as high as 4-15%!
  • Until now, the government only provided relief. But this new scheme will provide compensation for the losses incurred by the farmer. In fact, the scheme will go beyond the usual norms of such insurance schemes and even compensate for loss of seed plants and post-harvest damage! In a bid to improve the assessment of the calamities (hailstorms, unseasonal rains, landslides and inundation). To speed up the settlement of claims, estimate losses, and assess compensation the government will use smartphones, remote-sensing data and even drones to assess crop damage!
  • The scheme will give an immediate payment of 25% of the due compensation to the farmers directly into their bank accounts. Anyone who knows the level of corruption knows that the babus distributing the funds from Government relief pocket majority of it. That isn’t an issue thanks to the Jan Dhan yojana’s success!
  • The previous crop insurance schemes have a 23% cover. The aim of the new scheme is to get to 50% cover.
  • The Scheme will become applicable from the Kharif crop of 2016.
4 Relief to Farmers in Input Subsidy: In 2015, PM Narendra Modi announced that farmers will now be eligible for input subsidy if 33 per cent of their crop has been damaged, as opposed to 50 percent or more, which was the norm till now.Further, the input subsidy given to distressed farmers will be enhanced by 50 per cent of the existing amounts. PM said that “This is a major departure from the incremental changes in input subsidy that have been made hitherto”.

5 Soil Health Card: Under this scheme launched by PM Modi in 2015, government issues soil cards to farmers which carry crop-wise recommendations of nutrients and fertilizers required for the individual farms to help farmers to improve productivity through proper use of inputs. The soil testing labs across the country will test the soil samples and give the results which will be added to a farmer’s Soil Health Card. You can check the progress of the scheme from its site by downloading the excel sheet with the latest information. A total of 14,752,382 (147.5 crore) SHCs have been issues in the country by 29th March 2016!

Sangh is also doing its bit

While the Modi government is working through the governmental framework, policies and machinery to set right the things that have until now contributed to the enormous numbers of farmer suicides, the farmer union associated with the RSS is also doing its bit to take the fight to corporate seed monopolies like Monsanto. In an interesting article titled – How Monsanto found an able adversary in the Sangh parivaar – Economic Times details out how the Bharatiya Kisan Sangh is fighting the agricultural Goliath Monsanto!

The compete answer had been taken from an article at Drishtikone

This is not my area of expertise, but after reading your question i searched online & found this article as very informative so thought of sharing it in part.
Can I share it in FB ? Do u made it by urself..or its' from some website ?
 

Indian Sniper.001

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Those who have read my posts earlier, I have been saying that jobless growth is a false flag raised by the CONgress, and now I have been vindicated.
And this news/survey is upto 2015-16, after which MUDRA has been promoted and encouraged on a wider scale, should wait for those stats.

---------------------------------------------------------------------------------------------------------------------------------------------------------

We see two major concerns on employment generation in India. The first relates to regular availability of information on employment generation and the second, to its quality, particularly its ability to capture fully the data on employment generation from the new initiatives taken by the government.




Click here for enlarge



In India, the overall employment situation is assessed on the basis of periodic comprehensive surveys undertaken by the National Sample Survey Office (NSSO), usually after every five years. The NSSO surveys reveal that overall employment growth from 1993-94 to 2011-12 (the latest year for which the data is available) averaged 1.1% per annum, perceived to be lower than the growth in the number of people who might have been entering the labour force and what one would expect from accelerating output growth. The employment elasticity during this period was only 0.18. A secular decline in the labour force participation rate (LFPR), which reflects willingness to work, from 430 per 1,000 people in 2004-05 to 395 per 1,000 in 2011-12, kept the unemployment rate at low levels.

Since NSSO surveys have been infrequent, the director general of the Labour Bureau has started providing more frequent information on labour markets since 2009-10. It has released five survey reports during this period, the latest being for 2015-16. The methodology is almost similar, but results are based on large surveys. These could be considered a reasonable proxy for assessing the labour market situation, more so in the intervening periods between the publication of NSSO surveys.

We look at the information from these two surveys—NSSO and Labour Bureau—to seek answers to these three questions:



First, whether this period was one of jobless growth? Second, assuming that each state followed a different development strategy, how different was their relative record in providing employment to job seekers? Third, what is the status when it comes to providing regular, productive and well-paid jobs?

Labour Bureau data indicates that between 2009-10 and 2015-16, incremental jobs created exceeded the number of people who entered the labour force by a wide margin. At an aggregate level, 75 million jobs were created, against 61 million who were added to the list of job seekers. During this period, the overall percentage of people in the age group of 15 and above who were willing to work, both male and female, increased marginally. With employment opportunities outnumbering job seekers by 23%, the rate of unemployment also declined. Contrary to general perception, the period 2009-10 to 2015-16 does not seem to be a period of jobless growth.

Notwithstanding interstate differences, the average annual rate of growth of job creation at the all-India level, at 3.2% in 2009-2016, exceeded the rate of growth of job seekers, which averaged 2.4% (Table 1). Six states—Assam, Himachal Pradesh, Jammu and Kashmir, Kerala, Sikkim and Uttarakhand—had lower job creation growth relative to the growth of job seekers. A significantly high growth of incremental job creation in Bihar, Jharkhand and Uttar Pradesh needs to be further analysed to ascertain the contributing factors.

A state-wide analysis suggests that in Gujarat, Maharashtra, Madhya Pradesh and Rajasthan, there was a sharp decline in female job seekers—and this might have helped match job opportunities to job seekers. On the other hand, in Sikkim, there were fewer job opportunities for both males and females. Despite adequate availability of job opportunities at the all-India level, state-wide differences remained significant, and, in some cases, surplus jobs arose only because of a decline in the labour and workforce participation rate for females.

The third question relates to how well paid these jobs were. The Labour Bureau survey (2015-16) has categorized workers according to their monthly income levels. Most of the workers, 84% of all, whether self-employed, regular wage earners, contract workers or casual workers, were getting an income of less than Rs10,000 per month (Figure 1). Regular wage earners or salaried-class workers were better off, with 57% having a monthly income of Rs10,000 or less. Finally, 96.3% of casual workers, including those who were employed for public works, and 85% of self-employed persons had a monthly income of Rs10,000 or less. Enough work was also not available for nearly 40% of the workers; they were being employed for only a part of the year. In terms of decent, productive and well-paid jobs, considerable gaps continued to persist.



It is necessary, then, to evolve strategies to create supplementary opportunities for the self-employed, improve the female labour force participation rate, increase the ratio of female to male job seekers, and reduce interstate differences.

Source ~ http://www.livemint.com/Opinion/vq9GUtDmIQfoQnKHOSvnGK/Indias-jobless-growth-is-a-myth.html
 

Mikesingh

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World Bank says India has huge potential, projects 7.3% growth in 2018

WASHINGTON: India's growth rate in 2018 is projected to hit 7.3 per cent and 7.5 per cent in the next two years, according to the World Bank, which said the country has "enormous growth potential" compared to other emerging economies with the implementation of comprehensive reforms.

India is estimated to have grown at 6.7 per cent in 2017 despite initial setbacks from demonetisation and the Goods and Services Tax (GST), according to the 2018 Global Economics Prospect released by ..

Read more at:
//economictimes.indiatimes.com/articleshow/62438949.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Waiting for RaGa and Chiddi's tweets! :biggrin2:
 

HariPrasad-1

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India is undergoing a unprecedented change in its economy and banking system. For last 15 years, it was a free for all fraudsters and crooks like Pawars, Hasan Alis, Tapuriahs, Parasmal Lodha's, Reddy bros , telgis, Bhujbals and many more and they looted Indian people with the help of corrupt politicians and bankers.
Lalus, Mamta gangsters, Mayawatis, Mulayams, Chidambarams, Sibals, and Pappus and so on might go down.

BJP leaders have become the greatest threat to all these crooks and money-lauderers ...But they will fight fiercely before going down. If BJP succeeds in this last fight..Indian economy will flourish and corruption will go down significantly. A new culture of rule of Law might happen...I feel great thinking about this possible new India. Wish well to my native land !

When Modi was CM of Gujarat, he had made a statement. He said that Corruptions was in bed taking its last breath. There was no hope of recovery. Once the robust system are put in place, corruption from highest level is removed a lots of money shall come in economy. 2G auction and mines auction has bought 4 lakh crore in economy which were given free by corrupt congress.
 

HariPrasad-1

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Some people got their 10lakhs it seems ;-)
To always think of us every time is selfish. There is a huge class in India which has remained underprivileged. The way the last budget has come is a step in right direction, If a huge mass of over 500 million people is uplifted than you may imagine the increase in demand growth in economy.
Modi has done a lot for masses.

Inflation rate is just 1/3rd of UPA.
There is a massive infrastructure push in infrastructure.
So many steps are taken for recovery of loans blindly given by UPA to their pet industrialists.
Numerous Generic medicine stores are opened which has made medicines a lot more affordable.
More than 3 crore fake ration cards are identified and canceled so as about 4 million fake gas connections which has saved about 30000 crore rupees of nation.
GST has added 5 million registered dealers and so tax revenue is bound to rise.
Dalals are agents are kicked out of the system.
Public transport is becoming easy and lot more places are now getting connected to roads in rural and urban areas.

All these benefits have reached to all masses.

My home loan interest rate reduced to 8.4% from 9.5% reducing 15 installments.
 
Last edited:

indiatester

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Tiger’s bounce: Indian economy

Claims by Prime Minister Narendra Modi that the economy is safe in his hands suffered a blow last year: the first three quarters were among the four worst since he took office in May 2014, averaging annual growth of just 6%. Figures out today should show an improvement; economists expect year-on-year GDP to have increased in the three months to end-December by around 7%. Boosters claim the lull was caused by reforms, such as the withdrawal of high-denomination banknotes in late 2016 and the introduction of a tiered sales tax in mid-2017. Such interventions, they reckon, will benefit the economy in the longer term. But there are fresh challenges for 2018, including the low price of oil (of which India imports lots) and evidence of near-comical mismanagement at the state-owned Punjab National Bank, where taxpayers could be on the hook for $2bn that was defrauded. Last year may yet be remembered fondly.

 

Mikesingh

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India’s ranking in the global Corruption Perceptions Index, released by Transparency International, was 81 out of 180 countries in 2017.

At the rate at which scams are tumbling out of the cupboard, we'll be 180 out of 180 by end of this year! What an achievement that would be! :tongue:

Mera desh Mahaan! :india2:
 

aditya10r

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Country flag
India’s ranking in the global Corruption Perceptions Index, released by Transparency International, was 81 out of 180 countries in 2017.

At the rate at which scams are tumbling out of the cupboard, we'll be 180 out of 180 by end of this year! What an achievement that would be! :tongue:

Mera desh Mahaan! :india2:
Full marks.

__________________________________________
 

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