Indian Economics thread.
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Is this analyst a little too harsh on India in terms of it's potential and economic viability for the future notwithstanding the current covid-19 tragedy that's ravaging parts of India at the moment.
broadsword
Brigadier
Yes. Growth rate matters.
Lol Do follow this dude if you're on Twitter. He's a straight up savage . He presents India like it is, no sugar coating !.
Also he's not harsh, what he said about India is 100% true. Do remember that Indian economic downturn started way before the pandemic. The growth rate was falling for 7 successive quarters. !
Great analysis. This is what I've been arguing with ignorant western people about the past years of Indian economic performance. Unfortunately most westerners have swallowed the line of super duper India generated by the western propaganda to try and dirvert investments and other growth assets into India, and therefore away from China.
It hyped up India's growth potentials without proper analysis of the situation. Comparing India's growth rates only with those of China's. Giving too much weights on how India's growth rate has overtaken China's. Pointing out (wrongly) that India is doing to China what China was doing to U.S.
The reason China is catching up with U.S. is indeed China's growth rate was, and still is, much larger than the U.S. and in addition, even with a much higher griwrh rate, it took china 30 years just to be within 80% of U.S. economic size.
Yet, with India's growth rate only just bigger than China's, and only in the recent 20 months or so. It's going to take a hell of a long time to get to China's level of economic development.
So desperate is the west to see China dethroned. They will talk any shit to talk up India and talk down China. Let me ask you, would you rather have 5% increase on a salary of £5,000 or a 10% increase on a salary of £1,000? Keep on drinking that cow urine super India!
broadsword
Brigadier
I think the problem with India's growth is how authentic is the data. It could be anywhere from 0.5 to 2% inflated.
India is doomed. With their huge population (and increasing even more) the Gov builds a school and a week later it is full lol
So India is trapped into trying to provide public infrastructure services to its people and this demand is always increasing.
See China and its huge challenge of urbanise its rural population. Can you imagine if the population was keep growing explosively? ...
So India is trapped into trying to provide public infrastructure services to its people and this demand is always increasing.
See China and its huge challenge of urbanise its rural population. Can you imagine if the population was keep growing explosively? ...
@voyager1 bro so you agree that China's one child policy had its benefit,
in my view India's demographic dividend theory is a misnomer (a marketing ploy), it's a curse, like what had been discussed here before, to achieved one's goal it must have its basic foundation right. And India's founding father take the easy way out instead of doing nation building, which is to play politics and establishing a family dynasty replacing the British Raj. I hope @Kaeshmiri can shed more light from what I read the Partition was the result of Nehru ambition of a greater India and Ali Jinnah want none of it
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Demographic dividend is a real thing.
It allows a country to quickly amass wealth by doing the bare minimum (build houses, schools, roads, retail goods sales).
With a huge pop a country can quickly get trillions in wealth even with an incompetent leadership.
The issue arises when this "fast" growth ends, you need a competent leadership to implement policies, have better rules, better laws, more investment friendly low corruption etc
This is where India is failing right now. It is stuck with corrupt and incompetent politicians who are ruining the country and wont allow it to grow more
It allows a country to quickly amass wealth by doing the bare minimum (build houses, schools, roads, retail goods sales).
With a huge pop a country can quickly get trillions in wealth even with an incompetent leadership.
The issue arises when this "fast" growth ends, you need a competent leadership to implement policies, have better rules, better laws, more investment friendly low corruption etc
This is where India is failing right now. It is stuck with corrupt and incompetent politicians who are ruining the country and wont allow it to grow more
The demographic theory has its uses, when everybody was still a farmer or a simple factory worker. Now you need a efficient educational pipeline(lack of better word) from birth to adolescent if you want to climb the value added chain as a nation. China will become more productive because they still need to urbanize like 10~20% of their population to get on western levels.@voyager1 bro so you agree that China's one child policy had its benefit,
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