Will somebody explain the parameters which determine the growth rate. How are these people who decide about India's GDP. They must be a learned enough to make fool out of public through such baseless figures. Housing is the need of all human beings. As long as housing sector at affordable range do not pick up , Indian economy will keep on languishing and such figures will fool public at large.
Re: what's the point?
by pranav chaturvedula on Nov 30, 2010 03:47 PM
whats also the point when there is 90% corruption and hopefully atleast 10% honesty?
In recent bank scam our most honble finance minister Pranab mukherjee loudly predicted that QUALITY OF BANK ASSETS WILL NOT BE AFFECTED OUT OF THIS SCAM. An idiot citizen said :- why sir, when taking bribe these executives of banks and financial houses extended loan out of the way and for this the chances of recovery of these types of loans will definitely go bad. is not it Sir? The only intelligent finance minister replied:- Look, these executives has accepted bribe but did never compromise with the quality of loan. Idiot citizen replied:- Then for what bribe was offered? The only intellegent man Mr.Mukherjee said:- Poor man, please understand that the bribe was taken by the executives in order to execute the loan proposals quickly leaving all other applications standing in the que for years together. Citizen:-..................mayb be, may not""""
Indian economy is not growing...the growth is due to the huge tax collection imposed on all the goods for the last 5 years or so, including petroleum prodcuts, etc..
thus it reached this margin...why they're imposing more tax, though the infrastructure like road, dams(water), rail, agriculture and others are developing at the same pace like what we had before 15 years ago, they just collect the tax and save it in SWISS a/c...
