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India: 8% growth is already here


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vabi
Stop making mistakes
by vabi on Jan 09, 2006 11:29 AM

why are you putting this news under label

Google may search for Buddha for Shekhar Kapur film

grow up guys, many times I have seen this

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vivek
great article
by vivek on Jan 09, 2006 08:52 AM

its truly amazing to find that the fact that there is NO STOPPING INDIA...is reigning true and supreme.
let us all hope that our nation becomes a force to reckon with in the coming decade and that our citizens become responsible.
we already have a lot of politicians who are acting responsible....say...manmohan singh, mani shankar aiyar and chidambaram.lets pray for more of them.
jai hind!!

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Vasu Aitharaju
Re: India 8% growth is already here...
by Vasu Aitharaju on Jan 09, 2006 04:55 AM

Sounds true and good for India.

BUT, it's becoming too competitive. It's time to work towards a 2-digit growth rate.

A bit of improvement in socio - economic indicators (specially the rural India) would be a great combination.




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vinayak
Article is right in many points.
by vinayak on Jan 08, 2006 07:05 PM

I agree that Agricultural 4.0 growth rate is difficult. Government would like to control everything as much as possible to full their pockets.
Actually agriculture labour can be shifted more and more to non-agri market and as burden on agri reduces, reform it much better ways.

I do not agree to complete NGO education. Myself could afford to get upto engineering education because it was free, otherwise I would have been working in a factory as labour just because my parents were not in position to pay for my primary and secondary education. Non funded education can be high quality but may not be affordable and discourage a huge population from education. Already with high illiteracy rate and particularly amongst females, it can be big discouraging factor.

We have to have balance. Competition can be healthy but when all are at same level. We can't have competition when difference between group is very high.

Someone said that we can teach them to fish, but if they dont have access to river then???

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Teja
Remarkable short-sightedness
by Teja on Jan 08, 2006 06:24 PM

The indian government seems remarkable short sighted in fiscal policy and markedly populist... It is very fair to say that the indian economic growth is INSPITE the government rather than driven by its policies... there is a strong effort to hog the limelight when there is an upsurge in economic indicators, but it is a widely held perspective I believe that the able beaurocracy functions better bottom up and is impeded top-down by the political masters. It is high time that the government gives up age old rhetoric and actually behaves as if there is an educated public and speaks of numbers and volumes and then maybe it can provide an even greater impetus to the economy.

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gr82have
UPA screwing the country
by gr82have on Jan 07, 2006 10:48 PM

I agree with the author's hypothesis. I think India has taken 2 steps back by electing the corrupt congress government. Their policies are all focussed on making congress policitians rich.They give damn to GDP and other shit.

I hope this government collapses and we have a sensible, pro-privatization PM (may be like Arun Shourie!) soon...

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Munish
Undervalued currency
by Munish on Jan 07, 2006 10:39 PM

Hi,
Just wanted to point out one thing that you said about undervalued currency. In short term undervalued currency may help the increase in exports and forex reserves but in long run it erodes the productivity levels and innovation potential. Companies try to be competitive in global markets on the basis of prices (undervalued currency advantage).Canadian economy is the best example of this. Due to this, innovation potential is lost resulting in less R&D and companies rely on Technology imports instead of inventing, and we all know who reaps the maximum benefits of a technological innovation. Answer is the inventor and first user of the technology.
It is very important to maintain a balanced outlook towards currency value. Instead of rushing someone to China to learn undervalued currency tricks may be we should try to evolve our own Fiscal/Monetary model.
Thanks
Munish

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