That is if India can grow continuously at 9% year after year for 10 years, and that is a big 'IF". Most of the MSM articles now days are all
designed to get more clicks for revenue, with click bait titles.
Indian Economics thread.
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designed to get more clicks for revenue, with click bait titles.
LOL. There are no ifs. It simply won't grow that much.
Has India ever grown at 9+% for two consecutive years at all?
In fact, there were only since 1961: 9.15% in 1975 and 9.63% in 1988. What are the underlying assumptions that India could grow at 9% consecutively for a decade? I mean, other than the D2, i.e., Democracy and Demography.
D
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If India can grow an average 7% continuously for 10 years, that would already be quite astounding.
Especially harvesting clicks from the one billion Indians who want to read feel good articles about India growing at 10% for the next ten years. One of the best ways to rack up views on a YouTube video is to paste a picture of a famous Indian as the thumbnail and title it something awesome about India and the clicks will come.
There are already major suspicions in India and among the international finance community that India is outright frauding its numbers.
It's supposed $2.6 trillion annual GDP may be as low as $2.0 trillion, a 30% overvaluation.
It's supposed $2.6 trillion annual GDP may be as low as $2.0 trillion, a 30% overvaluation.
Would not be surprising. India has a big big problem with its massive population. They have to use these "fresh" young bodies as fast as possible to take advantage of their youth.
As long as they wait and they dont utilise their population well, when they start aging and they dont have the proper working skillset then they will get trapped in a middle-income status.
Contrast this with China who massively educated their people and they have sent lots of them to get proper working experience and skills, they are now contributing to the economy and their skills will remain relevant in the future.
@sinophilia It uses a different math system, the way Indian Vedic math system works it has no subtraction and division only Multiplication and Addition...LOL
PiSigma
"the engineer"
The unfortunate fact for India is getting to the middle income trap would be a blessing. Because it need to get to middle income first and it's certainly not there yet.
Being one of the poorest and populated countries in the world, growthing GDP/capita is extremely hard. If India get stuck at $5000/person it would already be like heaven to the average Indian now.
Lethe
Captain
I am often dismayed by the casual prejudice that is routinely displayed towards India in this forum, yet one must acknowledge a good joke:
Ok, that's funny.
Ok, that's funny.
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