Former CEA Arvind Subramanian has said methodological changes led to overestimating GDP growth by 2.5 percentage points per year between 2011-12 & 2016-17.
Just like Phase 3, in this round too, the NDA stands to lose ground due to the sheer number of seats it had won the last time — 39 of the 49 seats, of which the BJP alone had won 32.
India’s defence sector is trying to penetrate the African market. But with China already extending significant influence, India must now play catch-up.
Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?
This is our Hindutva rate of growth. It is deeply rooted in a certain cultural / religious worldview. Turning our backs upon the outside world, becoming protectionist, averse to world class economists and their advice, seeking solace in the glories of a mythical past. As the man made fog over our true economic performance lifts, we should do some serious introspection. All this childish prattle about fastest growing economy in the world. As it turns out, the numbers were doctored. Even if they were genuine, what is the propriety in comparing growth rates for countries where the per capita income is $ 2,000 with China’s $ 10,000 and the West’s $ 50,000. It will be difficult to get through the next five years, trotting out public intellectuals like Surjit Bhalla to assure us that the economy is swimming like Michael Phelps.
Hindutava!!! Very articulate ashok JI. You are a big Raghuram Rajan fan. Let him take up – if at all – the Bank of England assignment, we will see how he turns around the fledgling UK economy. Remember not long ago we had licence raj. Even at that time free market western economies had the per capita income you are talking about, but perhaps at that time you were not wise enough to comment with so much erudition. Want to trade-off growth rate with China’s authoritarian regime? Abhi PMO zara strong hota hai to awazein aani shuru ho jaati hain. If the centre starts taking tough decisions such as allowing MNCs across sectors such as grocery sector, imagine the hue and cry.
HITS THE BULL’EYE RR. but nevermind this ashok have selective intellectual bouts you can’t expect neutrality from him
Dear Mr. Ashok, with utmost respect to your erudition I would like to say that you are not addressing the concerns raised by the author. Concerns which are very legitimate.
While India’s GDP (and related economic indicators) figures have been under scrutiny and debate for the last 4-5 years, to label it as “the Hindu rate of growth” is utterly repugnant. It is precisely secularism of such perverse nature which has resulted in deep resentment and anger amongst Hindus. What exactly is the need to equate a certain percentage of GDP growth with a religion? What purpose does it serve?
Your mention of the word “Hindutva” right at the beginning of your comment goes on to show that you are a part of this condescending group of self flagellating Hindus who go by the name of “liberals”.
Mocking and ridiculing anything and everything even remotely lonked with Hinduism is par for the course for this “highly educated” group. The contempt and disdain with which this group views the religion practised by almost 80% of the Indian population is shocking indeed.
Also, the author is spot on in his observation that the rate of 3.5% growth must be termed as “Nehru-Gandhi growth rate”. Or better still as the “Indian socialist rate of growth”.
well sonal if you go through ashok comments on the print platform you can easily conclude he is nothing but liberal with leftist leaning … so to explain to him your viewpoint is to talk to brain dead. conversation happens where there is no hatred for other but acceptance of fact that neither one of individual can claim she or he know all but this fellow ashok is high leftist ideology and having brain fade moments
Nehru rate of growth is an apt and excellent suggestion.
Gautam ji is reportedly VP at ORF.
Must be impressive credentials.
He gives an introduction to the advent of the term Hindu rate of growth from an article written about the rate of growth of GDP for India.
He then conveniently replaces the reference to Hindu as a term referring to a region to a religion viz. Hinduism, to peddle his spiel as an article.
He is the only one I can see referring to Hinduism rate of growth.
Rest , I suppose being VP at ORF carries the stuff
Sir, the 3.5% is Gandhi Family rate of growth, as an economist pointed out to Mr. Rahul Gandhi at an interaction in Singapore.
This is our Hindutva rate of growth. It is deeply rooted in a certain cultural / religious worldview. Turning our backs upon the outside world, becoming protectionist, averse to world class economists and their advice, seeking solace in the glories of a mythical past. As the man made fog over our true economic performance lifts, we should do some serious introspection. All this childish prattle about fastest growing economy in the world. As it turns out, the numbers were doctored. Even if they were genuine, what is the propriety in comparing growth rates for countries where the per capita income is $ 2,000 with China’s $ 10,000 and the West’s $ 50,000. It will be difficult to get through the next five years, trotting out public intellectuals like Surjit Bhalla to assure us that the economy is swimming like Michael Phelps.
Hindutava!!! Very articulate ashok JI. You are a big Raghuram Rajan fan. Let him take up – if at all – the Bank of England assignment, we will see how he turns around the fledgling UK economy. Remember not long ago we had licence raj. Even at that time free market western economies had the per capita income you are talking about, but perhaps at that time you were not wise enough to comment with so much erudition. Want to trade-off growth rate with China’s authoritarian regime? Abhi PMO zara strong hota hai to awazein aani shuru ho jaati hain. If the centre starts taking tough decisions such as allowing MNCs across sectors such as grocery sector, imagine the hue and cry.
HITS THE BULL’EYE RR. but nevermind this ashok have selective intellectual bouts you can’t expect neutrality from him
Dear Mr. Ashok, with utmost respect to your erudition I would like to say that you are not addressing the concerns raised by the author. Concerns which are very legitimate.
While India’s GDP (and related economic indicators) figures have been under scrutiny and debate for the last 4-5 years, to label it as “the Hindu rate of growth” is utterly repugnant. It is precisely secularism of such perverse nature which has resulted in deep resentment and anger amongst Hindus. What exactly is the need to equate a certain percentage of GDP growth with a religion? What purpose does it serve?
Your mention of the word “Hindutva” right at the beginning of your comment goes on to show that you are a part of this condescending group of self flagellating Hindus who go by the name of “liberals”.
Mocking and ridiculing anything and everything even remotely lonked with Hinduism is par for the course for this “highly educated” group. The contempt and disdain with which this group views the religion practised by almost 80% of the Indian population is shocking indeed.
Also, the author is spot on in his observation that the rate of 3.5% growth must be termed as “Nehru-Gandhi growth rate”. Or better still as the “Indian socialist rate of growth”.
well sonal if you go through ashok comments on the print platform you can easily conclude he is nothing but liberal with leftist leaning … so to explain to him your viewpoint is to talk to brain dead. conversation happens where there is no hatred for other but acceptance of fact that neither one of individual can claim she or he know all but this fellow ashok is high leftist ideology and having brain fade moments
Nehru rate of growth is an apt and excellent suggestion.