oh....
1.your GDP is also blooming at a high
real growth rate at the same time --more GDP means more tax for spending.
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The Gross Domestic Product (GDP) in India expanded 7.60 percent in the third quarter of 2023 over the same quarter of the previous year. This page provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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2. the budgetary deficit occurs all the time....sometime it will be an unhealth high one.. I don't think you know nothing about it.
Government spending in India was last recorded at 14.9 percent of GDP in 2023 . This page provides - India Central Government Total Expenditure to GDP- actual values, historical data, forecast, chart, statistics, economic calendar and news.
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India recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2023. This page provides - India Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.
tradingeconomics.com
again, your India is a developing country with a growing large population . such growing rate is normal. I would remind you of the simple fact here again.
while growth in a large population is normal, the composition of the areas of growth, the flow of capital in certain sectors and the long term prospects of an economy is what matters more, because GDP really means squat if the expiry date for such high rates come sooner than later, which basically was the case with the Asian Tiger economies ... and to a large extent, repeating itself in Vietnam and bangladesh, though Vietnam is more about high tech manufacturing while Bangladesh is mostly about cheaper labour making cheaper RMG that is a third of global textile export market. Indian investment, growth, comes mostly from advanced technology industry, services, hospitality,etc...and this was when the economy was not as integrated as one after implementation of GST, a shaky manufacturing and industrial base, and a largely unaccounted informal sector with zero access to formal banking channels, and a shadow banking system, working with its own mind. all thats mostly history now, or in the process of getting rectified. obviously there will be chinks in the armour. no economic model is without its share of blemishes...but indian growth is not just a function of its population, and certainly not of its taxes, though it certainly is a vital part of it ! as far as giovt spending is concerned. here again, the nature of spending matters. spending on welfare measures was the norm...now that is being supplemented by the welfare as well as focused on asset creation with multiplier effects. even earlier govts tried, it but coalition compulsions denied india that lead. generic commentary on indian economy is dime a dozen. so instead of speaking like panelists on newsrooms, its better to stick to facts...data is not the whole story, but how to read it also matters...and as the saying goes...if you torture the data, it will show whatever you want it to show...common sense and human behaviour ruled the study of economics, long before mathematics did!