Results 1 to 13 of 13

Thread: India's GDP will be bigger than Japan, Germany combined in 4 years: IMF

  1. #1

    India's GDP will be bigger than Japan, Germany combined in 4 years: IMF

    NEW DELHI: The Indian economy, whose size is $2 trillion as of now, is poised to overtake the combined GDP of Japan and Germany in the next four years on the back of recent policy reforms and improved business confidence in the country, IMF chief Christine Lagarde said today.

    "Indeed, a brighter future is being forged right before your eyes. By 2019, the economy will more than double in size compared to 2009. When adjusting for differences in purchase prices between economies, India's GDP will exceed that of Japan and Germany combined," the IMF Managing Director said at a lecture here.

    "Indian output will also exceed the combined output of the three next largest emerging market economies -- Russia, Brazil, and Indonesia. So clearly India's weight among the group of emerging markets will increase," she said.

    "Recent policy reforms and improved business confidence have provided a booster shot to economic activity," she said.

    Using India's new GDP series, the IMF expects growth to pick up to 7.2 per cent this fiscal year and accelerate further to 7.5 percent next year--making India the fastest growing large economy in the world, she added.

    Asked if the International Monetary Fund (IMF) believes new series of data, she said "conditionally".

    On whether the multilateral funding agency has sought for some explanation on how the new series have been arrived at she merely said, "yes".

    Elaborating on reasons for rapid economic expansion, she said much of this has to do with population growth.

    "More than 50 per cent of India's population is at present below the age of 25, and more than 12 million people enter the labour market every year," she said.

    By 2030, Lagarde said India is expected to have the largest labour force in the world.

    At more than one billion people of working age, India's labour force will be larger than the combined labour force in the United States, the euro area, and Indonesia, she added.

    "The potential benefits to be reaped from your collective work efforts could be enormous. So, we know India can run--- judging by your cricket record. I believe India can fly," she said.

    As India grows and takes its rightful place in the global economy, the focus should remain on sound policies and inclusive institutions, she said.

    http://economictimes.indiatimes.com/...w/46585441.cms
    People will forget what you said, people will forget what you did, but people will never forget how you made them feel.

  2. The Following 2 Users Say Thank You to SumitJattan For This Useful Post:

    ayushkadyan (March 17th, 2015), DrRajpalSingh (March 17th, 2015)

  3. #2
    It is going to be an economy like Egypt, with similar consequences in future.

    Remember there are only few ways that economies have emerged at world stage:

    1. Majority of the things of development controlled by government like housing infrastructure development, medical facilities, etc. e.g. China, communist states, welfare states, etc.
    2. If resources to people ratio is very big like that USA, Kanada, Australia, etc.
    3. Educated societies are present and lead the country without trouble. Like Japan, South Korea, etc. Such education in societies do not emerge in one generation and with any quick result.


    India is not present in any of these models. India is not doing anything new, whatever India is trying to do has been done in some country of the world in the past and the results are apparent. Improved version of a communist state can be seen in China´s example and wrong decisions taken in a communist state can be seen in the form form USSR. An economy like India based on consumption will create unrest in future as is happening now, with ever increasing crime, polluted cities increasing at a buffalo brain speed , dominance of buffalo brains in parliamentary structures, rivers becoming drains. etc.

    Then there are religious cults/ people and communities of people who have been the owners of religion and want to ensure lot of things for these uneducated masses out of thin air though religious miracles by accumulating mass wealth though temples, etc.

    Religious cults and religious communities/casts and people have existed though out history and rise of communism was a thought process to bring some stability in such regions of mass religious crap from which India suffers.

    http://news.bbc.co.uk/onthisday/hi/d...00/2540209.stm

    https://www.google.com/search?newwin...28.Sw0ZTEcODNA

    Out of India funds/people/ communities etc. control the religious people/communities/casts to move economies.

    It is even interesting to know that even home grown companies like TATA Motors is ailing:

    http://timesofindia.indiatimes.com/b...w/46591174.cms

    This fact states something. That something is the education and work culture of India.

    All the governments and political parties in India are en cashing and riding a bandwagon of infrastructure development based on farming land and wrong government policies. Governments ensure wrong things to people like employment to a farmer through a government job if the farmers land is acquired. Giving farmers large amount of money for land without education will ruin the economy and lives of future generations of farmers. It is literally selling the farmers in the open market.

    Education is totally privatized and farmer will be drained of all the money that government gives it. So, on one hand government gives lot of money to village communities on the other hand it takes away money making the trader communities rich in the country through privatizing the education sector and no control and standardization of trade. Non standardization of trade allows traders to accumulate vast wealth and create trade lobbies.

    There are farmers in this country who are committing suicides for even a small amount of money like few thousand rupees.

    The government must raise revenue though higher taxation in trade and trade standardization and not though giving huge amount of money to farmers and though land acquisition, education to farmers does not come in one generation, giving them huge amount of money for their land and pushing them out into cities is directly throwing them into the hands of trade sharks, religious communities and land mafia.

    No government/political party is addressing the basic issue of educating the citizens, improving and changing the government machinery, establishing accountability and fixing time frames within government machinery.This can only happen when the parliamentary structure and the kind of people that reach parliament is corrected. If proper educated people reach parliament that also means proper structure below will be created.


    If iconic organizations of India like that of TATA are ailing than one can imagine, how things will happen for other organizations.
    Last edited by maddhan1979; March 18th, 2015 at 08:01 AM.

  4. #3
    Parliament in India/religious cults/religious communities/ trading communities seem to be a tool to fill foreign bank accounts.

  5. #4
    If its not a typo then this is the biggest joke of this decade if not century , we are trying to grow is the most optimistic thing invetments are coming investors are positive towards India , govt is collecting enough funds by the auctions .... Geographic location and Cost of labour with some great laws can make India the most lucrative destination for investors and Japan has also started from some point so was China .... we have already lost a decade with just a nuclear deal other then that it was useless 10 years ...so be optimistic and dont worry . India has bright future ahead .

    Quote Originally Posted by maddhan1979 View Post
    It is going to be an economy like Egypt, with similar consequences in future.

    Remember there are only few ways that economies have emerged at world stage:

    1. Majority of the things of development controlled by government like housing infrastructure development, medical facilities, etc. e.g. China, communist states, welfare states, etc.
    2. Resource to people ratio is very big like USA, Kanada, Australia, etc.
    3. Educated societies are present and lead the country without trouble. Like Japan, North Korea, etc. Such education in societies do not emerge in one generation and with any quick result.


    India is not present in any of these models. An economy based on consumption will create unrest in future as is happening now, with ever increasing crime, polluted cities increasing at a buffalo brain speed , dominance of buffalo brains in parliamentary structures, rivers becoming drains. etc.

    Then there are religious cults/ people and communities of people who have been the owners of religion and want to ensure lot of things for these uneducated masses out of thin air though religious miracles by accumulating mass wealth though temples, etc.

    Religious cults and religious communites/casts and people have existed though out history and rise of communism was a though process to bring some stability in such regions of mass religious crap with which India suffers.

    http://news.bbc.co.uk/onthisday/hi/d...00/2540209.stm

    https://www.google.com/search?newwin...28.Sw0ZTEcODNA

    Out of India funds/people/ communities etc. fund and control the religious people/communites/casts to move economies.

    It is even interesting to know that even home grown companies like TATA Motors is ailing:

    http://timesofindia.indiatimes.com/b...w/46591174.cms

    This fact states something. That something is the education and work culture of India.

    All the governments in India are en cashing and riding a bandwagon of infrastructure development based on farming land and wrong policies. Governments ensure wrong things to people like employment to a farmer in government job is the farmers land is acquired. Giving farmers large amount of money for land without education will ruin the economy. Education is totally privatized and farmer will be drained of all the money that government gives it. So, on one hand it given lot of money on the other hand it takes away money making the trader communities rich in the country through privatizing the education sector and no control and standardization of trade. Non standardization of trade allows traders to accumulate vast wealth and create trade lobbies. The government must raise revenue though higher taxation and trade standardization and not though giving huge amount of money to farmers though land acquisition, education to farmers does not come in one generation, giving them huge amount of money for their land and pushing them out into cities is directly throwing them into the hands of trade sharks and religious communities and people.

    No government is addressing the basic issue of educating the citizens and improving and changing the government machinery.This can only happen when the parliamentary structure and the kind of people that reach parliament is corrected. If proper educated people reach parliament that also means proper structure below will be created.
    People will forget what you said, people will forget what you did, but people will never forget how you made them feel.

  6. #5
    The most exploited in this country are the educated and middle class people. Who have to suffer from bad medical facilities, bad water situations, bad pollution, corruption, polluted/adulterated eating items.


    Incredibly this is also the class that government derives its most tax from, yet this class suffers the most in all forms.

  7. #6
    "More than 50 per cent of India's population is at present below the age of 25, and more than 12 million people enter the labor market every year," she said."

    This means nothing because China is turning out 10 million better educated people per year into the market.
    China has already made a railway line all the way to Spain and ran train on that line.

    http://www.thelocal.de/20150315/merk...chs-shift-east

    On the other hand Indian cities like Delhi, Bombay, etc. are not even able to have a efficient and fulfilling mass transit system in these cities.
    Last edited by maddhan1979; March 17th, 2015 at 10:47 AM.

  8. #7
    India can only progress if it turns out has only a few educated people making decisions for the country.
    Then few educated honest people who make sure that these projects get accomplished in give time and monetary schedule.

  9. #8
    Bhai sab ko doosre ki thali mein ghee jyada dikhta dont worry jo cheezein aap nein likhi hai vo sab ko impact karti hai kam jyada ho sakta hai..... mere maksad bas ye bataane ka tha ki we are moving in right direction

    Quote Originally Posted by maddhan1979 View Post
    The most exploited in this country are the educated and middle class people. Who have to suffer from bad medical facilities, bad water situations, bad pollution, corruption, polluted/adulterated eating items.


    Incredibly this is also the class that government derives its most tax from, yet this class suffers the most in all forms.
    People will forget what you said, people will forget what you did, but people will never forget how you made them feel.

  10. #9
    Quote Originally Posted by SumitJattan View Post
    Bhai sab ko doosre ki thali mein ghee jyada dikhta dont worry jo cheezein aap nein likhi hai vo sab ko impact karti hai kam jyada ho sakta hai..... mere maksad bas ye bataane ka tha ki we are moving in right direction
    Yes, lot of your call centers have moved to Philippines, lot of software development work to Vietnam and other countries. Small countries like Vietnam and North Korea are far ahead in IT than India.

    It is not a concept of "Bhai sab ko doosre ki thali mein ghee jyada dikhta", whatever i have stated is the factual position and we all have grown in this environment and we know, how things are.

    U can not move in the right direction until and unless there are concrete steps of structural change are taken from the start of the decision making structure i.e. Indian parliament.
    Last edited by maddhan1979; March 17th, 2015 at 01:07 PM.

  11. The Following User Says Thank You to maddhan1979 For This Useful Post:

    ManjeetS (March 18th, 2015)

  12. #10
    Quote Originally Posted by maddhan1979 View Post
    It is going to be an economy like Egypt, with similar consequences in future.

    Remember there are only few ways that economies have emerged at world stage:

    1. Majority of the things of development controlled by government like housing infrastructure development, medical facilities, etc. e.g. China, communist states, welfare states, etc.
    2. Resource to people ratio is very big like USA, Kanada, Australia, etc.
    3. Educated societies are present and lead the country without trouble. Like Japan, North Korea, etc. Such education in societies do not emerge in one generation and with any quick result.


    India is not present in any of these models. An economy based on consumption will create unrest in future as is happening now, with ever increasing crime, polluted cities increasing at a buffalo brain speed , dominance of buffalo brains in parliamentary structures, rivers becoming drains. etc.

    Then there are religious cults/ people and communities of people who have been the owners of religion and want to ensure lot of things for these uneducated masses out of thin air though religious miracles by accumulating mass wealth though temples, etc.

    Religious cults and religious communites/casts and people have existed though out history and rise of communism was a thought process to bring some stability in such regions of mass religious crap with which India suffers.

    http://news.bbc.co.uk/onthisday/hi/d...00/2540209.stm

    https://www.google.com/search?newwin...28.Sw0ZTEcODNA

    Out of India funds/people/ communities etc. fund and control the religious people/communites/casts to move economies.

    It is even interesting to know that even home grown companies like TATA Motors is ailing:

    http://timesofindia.indiatimes.com/b...w/46591174.cms

    This fact states something. That something is the education and work culture of India.

    All the governments in India are en cashing and riding a bandwagon of infrastructure development based on farming land and wrong policies. Governments ensure wrong things to people like employment to a farmer in government job is the farmers land is acquired. Giving farmers large amount of money for land without education will ruin the economy. Education is totally privatized and farmer will be drained of all the money that government gives it. So, on one hand it given lot of money on the other hand it takes away money making the trader communities rich in the country through privatizing the education sector and no control and standardization of trade. Non standardization of trade allows traders to accumulate vast wealth and create trade lobbies. The government must raise revenue though higher taxation and trade standardization and not though giving huge amount of money to farmers though land acquisition, education to farmers does not come in one generation, giving them huge amount of money for their land and pushing them out into cities is directly throwing them into the hands of trade sharks and religious communities and people.

    No government is addressing the basic issue of educating the citizens and improving and changing the government machinery.This can only happen when the parliamentary structure and the kind of people that reach parliament is corrected. If proper educated people reach parliament that also means proper structure below will be created.


    If iconic organizations of India like that of TATA are going to ail then one can imagine, how things will happen for other organizations.
    Every uneducated villager who starts wearing white clothes is a potential neta and member of parliament and he knows every member of parliament and every parliamentarian knows him.
    Last edited by maddhan1979; March 17th, 2015 at 12:16 PM.

  13. #11
    Quote Originally Posted by SumitJattan View Post
    If its not a typo then this is the biggest joke of this decade if not century , we are trying to grow is the most optimistic thing invetments are coming investors are positive towards India , govt is collecting enough funds by the auctions .... Geographic location and Cost of labour with some great laws can make India the most lucrative destination for investors and Japan has also started from some point so was China .... we have already lost a decade with just a nuclear deal other then that it was useless 10 years ...so be optimistic and dont worry . India has bright future ahead .
    Not "North Korea", the name is "South Korea".

  14. #12
    Quote Originally Posted by maddhan1979 View Post
    Parliament in India/religious cults/religious communities/ trading communities seem to be a tool to fill foreign bank accounts.
    Indian religious cults can be seen also in a similar manner but with different view.

    Some religious ideologies are:

    1. Hare Krishna movement, satsang ideologies, sai baba etc.
    2. Various gurus spread throughout the country spreading their own ideologies and taking the masses away from education.
    3. All the major political parties and leaders of India are connected with some Gurus as seen in the past. It does not matter how big or small or at which level national or regional level the political party is.
    4. Most of these religious gurus are also responsible for wealth accumulation and wealth investment of these political parties and political leaders.

    One must question why is there rise of these religious ideologies, down fall of government machinery and loss of faith of common people in government machinery?

    We have recently seen how honest officers of Indian and state governments are committing suicides or are being harassed by these political parties and governments. It seems that entire government machinery is pushing village and uneducated, half educated population towards there religious cults. Nature is being plundered through illegal mining and even the honest government officers had to pay price by life for stopping the land and mining mafia as seen in last few years.


    Last edited by maddhan1979; March 18th, 2015 at 03:39 PM.

  15. #13
    Quote Originally Posted by maddhan1979 View Post
    Indian religious cults can be seen also in a similar manner but with different view.

    Some religious cults are:

    1. Hare Krishna movement, satsang ideologies, sai baba etc.
    2. Various gurus spread throughout the country spreading their own ideologies and taking the masses away from education.
    3. All the major political parties and leaders of India are connected with some Gurus as seen in the past. It does not matter how big or small or at which level national or regional level the political party is.
    4. Most of these religious gurus are also responsible for wealth accumulation and wealth investment of these political parties and political leaders.

    One must question why is there rise of these religious cults and down fall of government machinery and loss of faith of common people in government machinery?

    We have recently seen how honest officers Indian government are committing suicides or are being harassed by these political parties and governments. It seems that entire government machinery is pushing village and uneducated, half educated population towards there religious cults.


    India as a country was not created to cater to the needs of religious ideologies or political parties. Neither was it created for interests of the individuals in these political parties and their political members.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •