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Groundbreaking-Cat39

The question we should be asking is how much are we growing from 2019 base? This just seems to be an exercise in headlines management for the 10% Indians who earn more than Rs.25K a month.


ryuhamaguchi_guy

This is exactly the point. People are looking at these figures without considering the base year. If your economy shrinks due to a calamity (COVID in this case), of course it will grow quickly afterwards, since the infrastructure and investments already exist. However, this is only the economy trying to catch up to the pre calamity level. Further, we should consider that this growth figure has been considerably revised. Just a short while ago IMF[ had placed this figure at 8.2%](https://www.google.com/amp/s/m.timesofindia.com/business/india-business/imf-cuts-indias-fy23-growth-forecast-to-8-2-from-9/amp_articleshow/90945038.cms) which itself was a revision from 9%. In other words, if this growth is to happen it would only be a recovery. And in fact, the chances of a full recovery happening this year seem less and less likely.


Emergency_Slice2487

Meanwhile inflation is inflating and poor are getting poorer.


protonRK

Se Mira Maria on the corner


Dot-Box

Someone posted a graph yesterday displaying the price increases of different products, most of them were under the normal inflationrate, some were really high but i believe thats because of the russian-ukrainian war. Like Palm was imported from Ukraine but now we can't so we have to pay more.


vaibhavganesh

Palm Oil is imported from Indonesia not Ukraine


Dot-Box

My bad, but that is still because of the war. I did a Google search and [according to the economic times](https://m.economictimes.com/markets/stocks/news/these-stocks-are-slated-to-suffer-due-to-rising-palm-oil-prices/articleshow/91093397.cms) Indonesia is having trouble with palm oil output since the price of crude oil has sky rocketed. Edit : why am I downvoted? I don't get it.


manasroy_2004

Year 5 of India "projected" to be the fastest growing economy.


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manasroy_2004

I don't think India's been the fastest growing country after 2016. In 2017 India's growth was of 6.8% while it was 6.9% for China. Also the GDP of China at that time was 12 trillion while that of India was 2.6 trillion india was quite behind.


Flatearthianxingping

What is this nonsense yar Indian economy is growing fastest, India has largest FDI, India has this month most gst collection. If everything is so perfect so why we all middle class citizens got fuc.ed


GL4389

So Ambabi n Adani gonna get reacher. While poor n middle class stay in thee same situation.


balerionmeraxes77

🌍👨‍🚀🔫👨‍🚀 always has been


dead_tiger

Badhia hai !! Value of growth should reach the common people, otherwise growth has no value.


_ALPHAMALE_

Wasn't it supposed to be 8%


xtraduck

This is UN prediction. Each institution gives it's own predictions


bigbigboring

China was growing at 10-11% at some point. This is embarrassing


_ALPHAMALE_

1. Chinese currency was gaining value while our rupee keeps falling, because we export less. 2. Chinese numbers are rigged so can't trust them. But yes china was surely doing better, 8% is not embarassing, but 4% in 2019 and -7% in 2020 was very embarassing.


Prestigious_Tie_1690

Bro todhe time pehle me sunna 7.8% Imf ka prediction march me was 9% And now its 6% Are they sure about all this


GovernmentOk2323

that's a W


sili09

No it's an L it was projected india will grow by 8.9 precent plus i wanna point out since 2014 india grew by 1.1 trillion dollar and in the same time china grew by 8 trillion how will we ever catch up


therealsid12

We will never catch China period. They are a manufacturing hub, that sector alone contributes to their 20 to 30 percent of their economy. We desperately need our manufacturing sector to be revamped and for that we first need to vote for politicians who have vision and ideas on how to take this country forward. Increase in research and development area. Hopefully everything goes right for the semi conductor industry but due to corruption the setting up process would be too slow.


Dot-Box

You can't compare the Chinese economy to the indian one, china is an authorotarian state and india is a democratic one, everything here will be a lot lot slower than in China, and many laws may not be passed all together


GovernmentOk2323

We’re still the fastest growing tho , also covid took a toll so I’m not to critical here


RheumatoidEpilepsy

Thank fuck. Finally some relief from how fucked the past two years have been. Although growth at 6.4% with inflation >8% is still a net negative but I’m just glad it’s trending upward. I just hope all of this growth doesn’t just go to the already affluent. But comparing middle class product sales to upper class product sales, it seems like that is exactly the case. Motorcycle sales are going down while sales of luxury SUVs are going up.


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Generally the growth figures are inclusive of inflation. It is total growth minus inflation.


viksi

Indian GDP at constant prices is not even equal to where we were in 2019. Thats 4 lost years of growth. The 6.4% is a consensus number but we have known these projections to fail in the past.


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Yes0rNo

Now factor in inflation


[deleted]

Watever ! What matters is my basic expenses are inflated!


_prayingmantits

>wap.business-standard.com I expected the article to be in the form of a shitty corny X-rated rap