Modi bubble

confuzzled dude wrote:

is going to burst soon; 3 of the top 5 states that attracted investments are run by Congress.

http://www.businessworld.in/news/economy/maharashtra-tops-gujarat-as-investment-destination/1317611/page-1.html

rawemotions wrote:

confuzzled dude wrote:

is going to burst soon; 3 of the top 5 states that attracted investments are run by Congress.

http://www.businessworld.in/news/economy/maharashtra-tops-gujarat-as-investment-destination/1317611/page-1.html

Twice the size, almost 75% more people with Bombay with them (Almost 75% of Corporate income tax gets filed from there), still only marginally better ?

Rashmun wrote:

Contrary to the myth that Gujarat is a powerhouse attracting large FDI inflows, in 2012-13 its share in FDI was a meagre 2.38%, ranked 6th, compared to Maharashtra’s 39.4% (Khanna: 2013). Most damning of all, for a state that purports to provide a template for the whole country’s economy, is the Modi government’s “lack of financial discipline. The Gujarat growth pattern relies on indebtedness. The state's debt increased from Rs 45,301 crore in 2002 to Rs. 1,38,978 crore in 2013... In terms of per capita indebtedness, the situation is even more worrying, given the size of the state: each Gujarati carries a debt of Rs 23,163 if the population is taken to be 60 million” (Jaffrelot: 2013).

http://www.epw.in/web-exclusives/gujarat-model-development.html?ip_login_no_cache=ade5ad5d6928d522e391f6563ce7890f

Rashmun wrote:

rawemotions wrote:

confuzzled dude wrote:

is going to burst soon; 3 of the top 5 states that attracted investments are run by Congress.

http://www.businessworld.in/news/economy/maharashtra-tops-gujarat-as-investment-destination/1317611/page-1.html

Twice the size, almost 75% more people with Bombay with them (Almost 75% of Corporate income tax gets filed from there), still only marginally better ?

So you want India to become Gujarat?

---
Contrary to the myth that Gujarat is a powerhouse attracting large FDI inflows, in 2012-13 its share in FDI was a meagre 2.38%, ranked 6th, compared to Maharashtra’s 39.4% (Khanna: 2013). Most damning of all, for a state that purports to provide a template for the whole country’s economy, is the Modi government’s “lack of financial discipline. The Gujarat growth pattern relies on indebtedness. The state's debt increased from Rs 45,301 crore in 2002 to Rs. 1,38,978 crore in 2013... In terms of per capita indebtedness, the situation is even more worrying, given the size of the state: each Gujarati carries a debt of Rs 23,163 if the population is taken to be 60 million” (Jaffrelot: 2013).

http://www.epw.in/web-exclusives/gujarat-model-development.html?ip_login_no_cache=ade5ad5d6928d522e391f6563ce7890f

rawemotions wrote:

Rashmun wrote:

rawemotions wrote:

confuzzled dude wrote:

is going to burst soon; 3 of the top 5 states that attracted investments are run by Congress.

http://www.businessworld.in/news/economy/maharashtra-tops-gujarat-as-investment-destination/1317611/page-1.html

Twice the size, almost 75% more people with Bombay with them (Almost 75% of Corporate income tax gets filed from there), still only marginally better ?

So you want India to become Gujarat?

---
Contrary to the myth that Gujarat is a powerhouse attracting large FDI inflows, in 2012-13 its share in FDI was a meagre 2.38%, ranked 6th, compared to Maharashtra’s 39.4% (Khanna: 2013). Most damning of all, for a state that purports to provide a template for the whole country’s economy, is the Modi government’s “lack of financial discipline. The Gujarat growth pattern relies on indebtedness. The state's debt increased from Rs 45,301 crore in 2002 to Rs. 1,38,978 crore in 2013... In terms of per capita indebtedness, the situation is even more worrying, given the size of the state: each Gujarati carries a debt of Rs 23,163 if the population is taken to be 60 million” (Jaffrelot: 2013).

http://www.epw.in/web-exclusives/gujarat-model-development.html?ip_login_no_cache=ade5ad5d6928d522e391f6563ce7890f

You should first learn your stuff before comparing apples to Oranges. The state has Bombay and double the population and large land area, and still only manages only better. This is NOT a message for success. This is a message of FAILURE.

Do you know what Is Maharashtra's debt under 15 years of Congress rule? With just barely higher investment than Gujarat, their debt is 2.76 Lakh Crores. Highest in India. And this despite  a friendly administration at the centre for the past 10 years. Even their per capita debt is almost equivalent to Gujarat. 

Please stop making fool of yourself.

http://www.indiaspend.com/fact-check/fact-check-does-gujarat-have-highest-per-capita-debt-38768

confuzzled dude wrote:

is going to burst soon; 3 of the top 5 states that attracted investments are run by Congress.

http://www.businessworld.in/news/economy/maharashtra-tops-gujarat-as-investment-destination/1317611/page-1.html

Merlot Daruwala wrote:

confuzzled dude wrote:

is going to burst soon; 3 of the top 5 states that attracted investments are run by Congress.

http://www.businessworld.in/news/economy/maharashtra-tops-gujarat-as-investment-destination/1317611/page-1.html

Alas, we are long past these discussions. Fact of the matter is that the alternatives are infinitely worse. Best to reconcile to a Modi sarkar and hope the economy gets back on track.

Merlot Daruwala wrote:
Alas, we are long past these discussions. Fact of the matter is that the alternatives are infinitely worse. Best to reconcile to a Modi sarkar and hope the economy gets back on track.

Merlot Daruwala wrote:No, our slowdown in the last couple of years came at a time when the global economy was actually improving (however slowly). It was an entirely self-inflicted problem caused by a leaderless, directionless government.

The feet-dragging, policy paralysis and deathly silence in response to all kinds of accusations towards the end became a huge headwind. Rs 150 lac crores of infra projects rotting on J Natarajan's desk and cleared in 3 weeks flat once she was booted out, could have been a fantastic economic stimulus had it come a little earlier, triggering a capex cycle, lifting the infra sector out of the doldrums and boosting bank balancesheets.

Modi is no god, regardless of what mouth-breathing buffoons like Someprofile believe. But at the very least, no glorified bean-counter is likely to tell him off on his policies based on cooked up numbers, the way Vinod Rai harangued MMS.

Propagandhi711 wrote:
please dont confuse CD's narrative with facts from the ground. he's trying to prove his latest pet theory: that corruption isnt an issue and the economy runs but itself regardless of who's making policy so it's best to have status quo

confuzzled dude wrote:

Propagandhi711 wrote:
please dont confuse CD's narrative with facts from the ground. he's trying to prove his latest pet theory: that corruption isnt an issue and the economy runs but itself regardless of who's making policy so it's best to have status quo

-> The only fact in this is the GDP growth rate ranking which hasn't changed in decades despite reforms and so called liberalization; Checkout the article below, to elect someone who is against education would only be adding insult to the injury..
 
http://businesstoday.intoday.in/story/what-took-china-ahead-of-india-and-what-keeps-it-ahead/1/201565.html
 
"In 1982, the literacy rate in China was 64.4 per cent, compared to India's 37. The average years of schooling in China was far higher than that in India then. In every measure, China was far better than India. "

Propagandhi711 wrote:

confuzzled dude wrote:

Propagandhi711 wrote:
please dont confuse CD's narrative with facts from the ground. he's trying to prove his latest pet theory: that corruption isnt an issue and the economy runs but itself regardless of who's making policy so it's best to have status quo

-> The only fact in this is the GDP growth rate ranking which hasn't changed in decades despite reforms and so called liberalization; Checkout the article below, to elect someone who is against education would only be adding insult to the injury..
 
http://businesstoday.intoday.in/story/what-took-china-ahead-of-india-and-what-keeps-it-ahead/1/201565.html
 
"In 1982, the literacy rate in China was 64.4 per cent, compared to India's 37. The average years of schooling in China was far higher than that in India then. In every measure, China was far better than India. "

what does this article & your commentary have to do with anything being discussed in this thread is beyond me. but it's a good tactic tho, throw a bunch of articles to see which one sticks and hope to delude the actual topic being discussed