17th dec 2011 CE
it is truly incredible how much damage one man, and then his dynasty, have been able to do.
don't take my word for it, here is an actual white guy saying the same thing. so it must be true.
i predicted this in 2009, when the -- how shall we put it? flawed? -- election took place. i said we were screwed. and so it turns out we are. http://election.rediff.com/column/2009/may/17/loksabhapoll-after-the-counting-and-other-stories.htm
how i wish i was wrong.
2 comments:
7% GDP growth rate is a lie and 3% growth is optimistic. With nominal GDP growth rate at ~18% and actual inflation at ~20%, growth rate is actually in the range of minus 2%.
There are multiple confirmations of inflation figures being higher than claimed, including, based on parity of exchange rates and currency inflations, the depreciation of the Rupee by ~20% against the Dollar, which has its own inflation one might add - in the range of 3%. By that logic, inflation in India is about 23%.
For the first time in a few decades, we are heading towards an era of low / negative growth and high prices, i.e. stagflation.
Notice that the Reuters article has the usual gratuitous slur about "Hindu" rate of growth, a pernicious lie that should get the goat of every right thinking person.
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