No doubt, our GDP make our country rich but because of share holders of this company like country are more so each individual get negligible share of that wealth ( rather I would say that rise in population outsmart the GDP) and finally in each year we become more poor As against this scenario the country where population growth is less say Norway without increase of GDP much they are Happy. So bottom line should be BACHHE KUM NIKALO but who will agree with this? Nobody So goto hell
GDP as far as i am concerned is just another statistic which bears little relevance to the state of the economy or the nation.It is a palliative for the ignorant or gullible masses.
with all the chop talks. indians are not blind to economy on streets. top class is open to stories in paid media. With all the glitter, things are far worse than before we opened in terms of afford-ability and ease to live.
If GDP is the value of all the goods & services, then when prices of goods & services go up during inflationary period, obviously the GDP will also go up. So what the big deal about the politicians, media & economists crowing about India's high GDP? The real achievement would be when the GDP is high & inflation is very low.
Re: Higher the inflation, higher the GDP
by Your Persona on Feb 10, 2011 02:24 AM
The inflation-adjusted GDP is called real GDP. I am not sure if this article is referring to real GDP or nominal GDP, though.
I thought there would be some info about India GDP, how it works, its calculation etc...what I found in this is useless facts for some inconsequentinoaol informations...what rubbish
