mar 13th, 2007
so chidambaram hasn't yet brought india back to the nehruvian rate of growth? just give him a little more time, one or two years, and that'll do. that's his specialty: destroy whatever is doing well, so we can all go back to the good old license raj. and do nothing for agriculture or education except give lip service and provide lots of pork-barrel for the party faithful. as gurcharan das pointed out, why is it that even the poor slum dwellers prefer to send their children to private school? because the government schools are so bad. and chidambaram and yechuri and the other marigold-garland types want to put more money into government schools.
as well as into pork-barrel like:
a) the various nehru/indira/rajiv programs (you see, they are named after the dynasty, so the money should end up in the pockets of the dynasty too)
b) the idiotic rural employment guarantee (which should be renamed, for truth in advertising, as "kaangress party cadre employment guarantee schemes")
here's the atlanticist's opinion on the budget:http://www.viewswire.com/index.asp?layout=VWArticleVW3&article_id=1731975358
hmmmm, thinking again about it, let us see the arithmetic today. GDP growth rate: 9.2%. inflation rate: 7%. therefore, real growth rate: 2.2%.
yup, chidambaram has already achieved the nehruvian rate of growth! which is 2-3% real growth. hallelujah!
nice work, chidambaram and other party hacks!
5 comments:
GDP growth is adjusted for inflation!
Nominal GDP growth is 16%, inflation is 7%, real GDP growth is 9%.
I think TallIndian is right. Otherwise by the same definition the US economy is not growing at all, as their inflation and growth rate are equal. By the same definition then we grew at the Nehruvian growth rate throughout the 1990's as our growth rate was 6.5% and inflation 4%.
yes, gdp growth is usually in real terms. i was kidding around with the last bit on the nehruvian rate. but trust me on this one, the longer the kaangress stays in power, the higher the chances of the return of the dreaded nehruvian rate. they have a tendency to asymptotically get to that.
How does the crow taste Rajeev :-)
Just throw out your worthless ego
and admit that you have been proved wrong. For all its shortcomings, congress rule did not mess up the economy.
Nehru really was a miracle worker compared to his daughter.
Looking at the stats, the Indian economy stagnated for the first 10 years of her rule.
The overall growth was 1/10th of the vaunted Hindu growth rate: a mere 1/4 percent per annum!
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