" wait for one more year to cross the 7% mark,: Wait not, better "PUT THY FAITH NOT ON PRINCES",The top earners and Holders of wealth of India and the market economy and Private sector .During Nehruvian Socialism days the rich had earned less.There had been better equitable wealth distributionThe trade Union militancey had dragged down the public Sector units.There were many rules set by the good intention of the new -govt which were misused by unions.A sample 'the agreement with the union is to run 3 machines in shift;on a day I had 4 machines, 3 1(leave reserve operator) available;but I should not run 4th m/c because that was not in accoradnace with agreement BUT IS also not accoradance with sensible thinking.All such can be corrected and the economy can be made to move forward R.Ponnambalam
capital formation continues to fall to a new low of 26.4% from 29.3% in FY16 and 27.1% in FY17”.But existing and available wealth availability can be gauged from what had been said in address by ex.vice President as follows “the top 10 percent controlled about 74 percent of wealth. And The poorest 30 percent, meanwhile, had just 1.4 percent of the total wealth,"What this 1.4% wealth of this 30% can contribute to GDP or their capital formation.Add to it” Over 1950-1980 the bottom 50% captured 28% of the total growth and the income. Over 1980 -2014 bottom 50% had 11%) . Thomas Piketty and Lucas Chancel renowned economists web site WID.world This corresponds to the period of privatization,venerable NPA build up. and market Economy . The income share of India’s top 1% rose from approximately 6% in 1882 -1883 to above 10% a decade later and then to 15% in 2000 and further still around by 23% by 2014.With the statistics how to justify”the statement “This means that the private sector investment is not expected to pick up this year and will be showing a declining trend, as there is evidence to show the government spending is on track, given the fiscal numbers.”R.PONNAMBALAM
However, she is rejuvenating and one can wish her to get well soon.
How soon ?
The physician and the surgeon may be very hopeful and optimistic of a rapid recovery and the population at large would also hope so.
However, it may take a little longer time for the damage the strokes allegedly caused to her.
Narendra has two more budgets where healing treatment can be administered albeit state election of 2018 and LS in 2019.
The most effective and result oriented governance could possibly be enforced only after the installation of the saffron both in the LS as well as RS with a reasonably comfortable majority.
In the meantime, Narendra had better refrain from causing any further strokes knowingly or unknowingly.
All fictitious, only black money to white, actual growth will come in 2020, by that time-normalcy will come in financial field. Tough time for Modi in 2019, he has an arrogant FM too.
Re: Growth
by chanakya maurya on Jan 08, 2018 11:47 AM
There seems to be a strange environment of arrogance in the north avenue. Most of them inherit arrogance once they head the north.
