Reply With QuoteEconomist is always gloom and doom over India. 2014 elections should change this scene, hopefullyOriginally Posted by CrYsIs
Farewell to Incredible India
http://www.economist.com/node/21556576IN A world economy as troubled as today’s, news that India’s growth rate has fallen to 5.3% may not seem important. But the rate is the lowest in seven years, and the sputtering of India’s economic miracle carries social costs that could surpass the pain in the euro zone. The near double-digit pace of growth that India enjoyed in 2004-08, if sustained, promised to lift hundreds of millions of Indians out of poverty—and quickly. Jobs would be created for all the young people who will reach working age in the coming decades, one of the biggest, and potentially scariest, demographic bulges the world has seen.
But now, after a slump in the currency, a drying up of private investment and those GDP figures, the miracle feels like a mirage. Whether India can return to a path of high growth depends on its politicians—and, in the end, its voters. The omens, frankly, are not good.
Economist is always gloom and doom over India. 2014 elections should change this scene, hopefully
hoping against hope.....nothing has changed in the last 60 years,how do you think india's fortune will turn around in 2014?Economist is always gloom and doom over India. 2014 elections should change this scene, hopefully
O Rly ?
10 char.
What is the annual rate of the increase of India's population?
1.38% according to world bank. 2012 census data will give a more accurate picture.
you didn't get by what i meant by saying "nothing has changed in past 60 years".....
for example....what was the election issue in 1947? ans) roti(food),kapda(clothing) & makaan(house)....what are the election issues in 2012??ans) same as in 1947
hahaha,no country in this planet has 5% population growth rate
You do have a strange way of looking at things.
Electricity, roads and water (Bijli, sadak, pani) since early 2000's. The governments which are able to contribute positively on that front get re elected and those who don't fall.
it depend of the source
With this increase of the population, growth of 5% of the economy remains a good trend. I'm sure India will retrieve its previous highs of growth when the global economy will recover.
in india we don't have an option of good and bad,we have to choose between bad and worse.Electricity,roads and water was a dream in 2000 and still a dream for vast majority even today.
check UN data or wiki..
5% is terrible for india because with 10% gdp growth rate there is a poverty reduction by 1%.Higher the growth high is the poverty reduction.
According to last decade trend: 1) The rich will keep getting richer, and poor remains the same! 2) SoL ll always be higher in South than north
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