Global Economy on Upswing, Indian Economy On Downswing

S

SureshWarrier2412

Recruit
What was whispered about is now in the open. For years, Indian economy has been following the global trend of highs and lows, but of late it has become unhinged. The Organisation of Economic Cooperation and Development states global economy is on the upswing after a decade, with all 45 countries it tracks registering growth. However, India sticks out like a sore thumb with GDP actually decelerating, thanxz for DeMo and hastily implemented GST.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

Im not sure whether this was the acche din which was promised by present dispensation....only positive news over past two months has been the Rs. 2 cut in excise duty on petrol and diesel announced yesterday...
 
The funniest thing about politics is that any policy change results in economic change after decades.
But human beings are short sighted and so is politics.
 
nimod said:
In which direction are you pointing; Manmohan's reforms or Modi's Demonetisation?
Click to expand...
Perhaps both. (I would reword your sentence as Manmohan's liberalization (http://www.firstpost.com/business/2...se-of-indias-growth-in-14-charts-2877654.html, https://en.wikipedia.org/wiki/Economic_liberalisation_in_India) or Modi's GST (http://indiatoday.intoday.in/story/gst-history-arun-jaitley-tax-reform-july-1/1/990641.html))

The one who sows the seeds usually does not reap benefit.
And the one who hogs credit usually had done nothing for it.
But the judges are the idiots who don't have long sight or intelligence.

B.t.w. I don't know why people refer to Modi's 2016 move as demonetization. Sorry, it was only remonetization. Demonetization means removal of physical currency.
 
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SureshWarrier2412 said:
What was whispered about is now in the open. For years, Indian economy has been following the global trend of highs and lows, but of late it has become unhinged. The Organisation of Economic Cooperation and Development states global economy is on the upswing after a decade, with all 45 countries it tracks registering growth. However, India sticks out like a sore thumb with GDP actually decelerating, thanxz for DeMo and hastily implemented GST.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

Im not sure whether this was the acche din which was promised by present dispensation....only positive news over past two months has been the Rs. 2 cut in excise duty on petrol and diesel announced yesterday...
Click to expand...

Of course it is acche din. For the govt. and adani/ambani etc.

And calling the Rs. 2 cut in petrol good news is like calling a death sentence commuted to life imprisonment good news. For an innocent man i.e. :rolleyes:
 
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