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India’s Q1 GDP growth falls to 5.7%, hits 3-year low

Discussion in 'World Economy' started by Agent_47, Aug 31, 2017.

  1. randomradio

    randomradio Mod Staff Member MODERATOR

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  2. NKVD

    NKVD Lieutenant FULL MEMBER

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    The loan wavier

    Farmer's are exempt from paying taxes as well

    Subsidiced urea and other products

    Free LPG connection as per new policy

    Subsidiced electricity connection
    And payment are done yearly or quarterly

    Ultimately it is end user like me who pay high direct and indirect taxes plus and market price
    Without any luxury
     
    Last edited: Oct 8, 2017
    Bloom 17 likes this.
  3. NKVD

    NKVD Lieutenant FULL MEMBER

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    Govt can always subsitute them with retailers and big corporation like wallMart and others corporation in organized farming

    Farmer's in india are not essential power of the country but waste full one

    50% percentage of indian workforce is in agriculture with just 10-12% of out put in Total GDP in the country
     
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  4. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    So how does govt decide market prices
     
  5. randomradio

    randomradio Mod Staff Member MODERATOR

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    The highest rate sold by someone in the area according to the Supreme Court.

    But the actual rate is decided by the stakeholders and the govt for each area. Plus an extra 1.5x to 2x is provided to compensate for future losses. Sometimes even 4x the market value.
     
  6. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    From where will you get this highest sales figure ?
     
  7. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    And what is the size of the "in the area" or how is the local area Suze defined ?
     
  8. randomradio

    randomradio Mod Staff Member MODERATOR

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    Sub-registrar.

    Of course, the sub-registrar has all the details.

    Dude, stop asking dumb questions.
     
  9. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    Need to ask suchquestuon so to make you realise that what you are saying is all bookish things

    Things don't work like that on the ground

    The ground reality is quiet different
     
  10. randomradio

    randomradio Mod Staff Member MODERATOR

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    It's a SC ruling. You have no clue about the ground situation.

    Farmers are very well compensated for their land. Many farmers in fact want to give up their lands in exchange for money and govt jobs. They would rather get their children educated than make them work in farms.
     
    Bloom 17, NKVD and Gessler like this.
  11. Sancho

    Sancho Lt. Colonel Technical Analyst

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    You have no arguments at all, that's why you only point fingers to others and went down that poor road to spread hate via religion, although the topic is economy. So don't try to find excuses.
     
  12. Sancho

    Sancho Lt. Colonel Technical Analyst

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    :lol: The source is just as reliable as you are and is purposely only showing data that suits their intentions.
    Strange how they take 2011/12 figures instead of 13/14 to compare them to current figures.
    And the title is hilarious too, since it's the falling numbers that are the problem at the moment.
     
  13. randomradio

    randomradio Mod Staff Member MODERATOR

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    Oh really? Did you actually read the links I posted?

    They were all from economists or institutions that supported my theory. Open all the links I posted and actually read them, you will learn something.

    Every single economic institution has forecast a major recovery in the economy.

    This is from World Bank:
    http://www.livemint.com/Politics/Uy...-India-GDP-growth-forecast-to-7-for-2017.html
    “Moreover, the unusually low growth rate of the last quarter could also be affected by measurement error. In India, final growth rate figures often differ considerably from first estimates; on average they tend to be 0.5 percentage points higher. The combination of temporary shocks and measurement error suggests no need for a policy correction,” it added.

    I'll dumb it down for you. It says the first quarter growth has been underestimated and that whatever policies have been implemented has worked, so India only needs to stay the course.

    You think numbers started falling only recently?

    Dude, you have no clue about this stuff. Why do you think BJP won UP?

    Post demonetization:
    https://en.wikipedia.org/wiki/Uttar_Pradesh_Legislative_Assembly_election,_2017

    Why do you think this happened? All those numbers are real. They are not made up. That's why BJP won the way they did. People see it on the ground.

    As I said, nobody has any real argument against BJP's economic policies. Everything they have done has turned out really well.

    The fact is people can't make sensible arguments against BJP. That's why they have to make up stories. And all those stories are easily separable from facts if you only look at the news agency or the author of the articles. It's so simple.
     
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  14. Sancho

    Sancho Lt. Colonel Technical Analyst

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    You mean the once, you posted to distract from what you have done? Why not post them right away instead of pointing fingers to religions? Because you prefer to point fingers and distract, than actually deal with the issue at hand.

    As usual, you don't even know what your own source says. They show 5.5% GDP in the past as suppose to 7.1% now, but they purposely hide the 6.9% GDP, when the government came into power, because their intention is to show a big economic success and not the reality. Just like you only point to what suits your opinion most of the time, not the reality.

    Because of the scams of the UPA of course and rightfully so, but that neither means that the economic situation back then was bad, nor that they are doing a good job now in this regard.
    You can run and distract as much as you want, but the plain fact according to this governments own figures is, that they retained a growing economy at 6.9% and that we are at a 3 year low now, so something is not going the right way.
     
  15. randomradio

    randomradio Mod Staff Member MODERATOR

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    That's the only argument Modi-bashers have. Religion.

    To date I have not seen a sensible argument against him ever since he came to power. Not even one.

    :lol:

    The economy is in excellent form. Low CAD, low inflation, high FDI, high growth, high jobs creation etc. All stuff that didn't exist during UPA rule.

    Fact: RBI says Q4 growth will be 7.7%. Which means growth will only go up after that, which means Q1 for 2018 will be as high or much higher and will keep growing more and more, possibly even breaking 8% or even 9% by the time elections happen.

    The UPA couldn't even do scams properly.

    The economic condition during UPA was extremely horrendous. Horrendous doesn't even explain how bad it was. It was so bad that we would have entered recession long ago had UPA's policies continued.

    The fact is FDI is up, Rupee is strong, CAD is low, inflation is low. All parameters that the UPA completely failed in controlling. Did you forget that the INR climbed from 45 to 66 during UPA's rule? Or that inflation crossed 11%? Or that CAD was 9%? Or that fiscal deficit was 6%? All parameters that even Pakistan has not achieved and we call them a failed state. India was branded in the west as a failed state during UPA's rule, did you know that?

    Read this article:
    http://www.thehindubusinessline.com/opinion/indias-never-had-it-so-bad/article5093685.ece

    The growth we see now is quality growth, growth that has come purely from spending our earnings, not endlessly borrowing money for growth like the UPA did and spending it on subsidies for votes. Dude, you have no clue about how economies work or how bad India was during UPA rule.

    We literally lost a decade under UPA rule. Had NDA rule continued, we would have been competing with China today, not simply trying to survive.
     
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