Making India an Upper Middle Income Economy, a High Income Economy in long term

sauntheninja

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Watching various videos and reading about countries that are stuck in the middle income trap one common theme there is a large % of the country still depends on agriculture taking Argentina for example they were one of the richest countries in the early 1900 but have fallen since and their biggest export was read meat to escape the middle income trap we need huge companies that can compete on a global level like China they are making their own Operating system because US banned them from using Android
 

shade

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5 tr by 2030 is realistic?
Not considering wuhan wave #25645141 and associated lockdowns, yearly DILLI CHALLO protests by $OPPRESSED_GROUP choking the entire NCR area and the possibility of Babaji's Jhumla Party being replaced by some disgusting bhelpuri coalition consisting of the usual suspects and topped by Piddi as PM by 2024.

xyz trillion dollar economy should be the least of Bhajipao's priorities.
You cannot have economic development when the country is infested by 5th column elements.
 

HariPrasad-1

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Please stop it, weren’t you claiming India becoming 3.8 trillion economy by 2021 end?
Parheps not by 2021 end but later on. GDP data of 20-21 had not arrived by then People used to assume that it will be 3 tr USD. There were predictions that India will grow at 12 pc. So my prediction was that it will be 3.36 bn USD by 2021 end. My 5 bn by 2024 end prediction was based on assumption of appreciation of INR by 5% on yearly basis. I still jold my position. I believe that It will happen by 2024 or latest by 2025.
 

HariPrasad-1

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Considering current gdp = 3; we will need (5/3)^(1/9)-1 = .058 i.e.5perc.suppose inflation of 3 perc.so real growth req is 2.8perc only bro.
No, from 3 tr to 5 tr in 4 year requires a growth rate of around 11.9%. If inflation is 5%, the real growth required is around 7%. If we grow at 11% this year, we will require 6% in next three years. However we have fallen short of 3 Tr in 2020. If I assume ripee will appreciat around 6 to 7 pc in this 4 years, target is very muvh achievable. This is how china became a 10 Tr USD evonomy from 2 tr evonomy in 10 years with a growth rate of above 16 pc for 10 years.
 
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FalconSlayers

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Considering current gdp = 3; we will need (5/3)^(1/9)-1 = .058 i.e.5perc.suppose inflation of 3 perc.so real growth req is 2.8perc only bro.
Our GDP will be 3 trillion by 2022 March. 2 years me 5 trillion mitrooo.
 

FalconSlayers

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No, from 3 tr to 5 tr in 4 year requires a growth rate of around 11.9%. If inflation is 5%, the real growth required is around 7%. If we grow at 11% this year, we will require 6% in next three years. However we have fallen short of 3 Tr in 2020. If I assume ripee will appreciat around 6 to 7 pc in this 4 years, target is very muvh achievable. This is how china became a 10 Tr USD evonomy from 2 tr evonomy in 10 years.
Rupee will never appreciate and its a known fact, it will only depreciate.
 

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