Ultimately boils down to quality of education. Indians are the dumbest group of people in the planet in terms of education quality. Cant expect anything to emerge when the quality of education in STEM is so bad.
You are always frustrated at how India is underperforming and blame Modi and yet you give the most ridiculous solution to the problems at hand. As @RoaringTigerHiddenDragon said most companies which got loans during UPA era have failed or in the process of failing. The best foot forward right now is PLI scheme as the incentives are given based on production targets. Once there is a solid ecosystem then we can slowly implement your ideas prioritizing one sector at a time. Otherwise we will end up in square one as giving out loans in the hope that someone will create next Apple or Samsung, we will most likely end up in the same mess as we were in 2014. Let PLI schemes work properly and achieve what is intended. Then we can consolidate with more friendlier policies.
More than 6% growth requires significant reforms:
Nothing surprising. We expect well managed, homogeneous society, medium sized economies to grow faster. Though in this case, a lot of the growth is from Chinese companies shifting to Vietnam to escape the trade sanctions imposed by various countries. Now, country of origin is Vietnam and everything is fine. Such shady manipulations is why India did not join RCEP. The question is can Vietnam become a Japan through exports led growth because their local economy is limited? That requires heavy investments in R&D and getting out well reputed, branded products trusted by high income buyers. I don’t think Vietnam will do so. But who knows? They don’t have two provinces governed by different political parties fighting against each other.
Again people are jumping to conclusions without verifying facts. Although Vietnam indeed has grown at 8 percent most of this is due to lower base effect from first quarter gdp data of 13.71 percent as Vietnam faced Covid induced lockdowns. Even in India GDP grew about 10 percent in first half of the year, If you really want a fair comparison compare last GDP quaterly data of Vietnam and India where India grew at 6.3 percent compared to their growth of 5.92 percent.
So just because it failed before, you wont try it again?
No, Insanity is doing the same thing over and over and expecting different results. Doing incrementally in one industry on a priority basis, yes. But this can only be done if there is a industrial base. And that base is provided by present PLI scheme.
Now a post that mostly makes sense. Please keep it up.
And find out which party controls the states that do not contribute to the growth at all but remains the begging states.
'Govt's manufacturing push not yielding results; services sector getting more FDI'
Fitch Ratings said services sector FDI increased to USD 153.01 billion in the services sector during April 2014 to March 2022 from USD 80.51 billion during to April 2000 to March 2014, while the increase in manufacturing was less fast at USD 94.32 billion as against USD 77.11 billion.economictimes.indiatimes.com
And of course, the single biggest reason for growth being stuck at 6% is because there are like 8 states in the entire country that is powering the growth.
You guys don't understand the IT sector at all and have expectation from them which they don't cater to.
Legit Scientist?????
Somewhere in Africa a Nation might show a growth of 20-30% as their current GP maybe few hundred Billion and they grow to few more hundred.
All you understood is that I am comparing these countries to Sh*thole like NK??
Is this his own Scientific research or his review and analysis of work already done in these area.
Ranganathan started out as a post-doctoral fellow, Department of Biochemistry, University of Cambridge, where he worked from 1998 to 1999. After a post-doctoral stint at Cambridge, Anand returned to India to join International Centre for Genetic Engineering and Biotechnology, Delhi as a research scientist where he ran his lab for 16 years. In 2015 he joined Special Centre for Molecular Medicine, Jawaharlal Nehru University, Delhi, as an Associate Professor. His laboratory works in the area of Directed Evolution and Pathogenesis, with special emphasis on Tuberculosis and Malaria.
