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Q.

India's economic growth is expected to rebound from October says Chief Economic Advisor Kaushik Basu. Are you optimistic? Yes or No please give reasons?

Tags: india, money, education
Asked by Good Citizen, 29 Jun '12 05:03 pm
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Answers (7)

1.

Yes, i am quite optimistic since the past decade or so on our growth story remaining intact but due to global uncertainities & the corrupt practices of our politicians it has suffered quite a bit in the past year. It has started to show the resilience required for the rebound or the bounceback but to time it as by October all will be well would be too early to say so. I would term it as a political gimmick!!
Answered by dharamender nebhnani, 01 Jul '12 02:28 pm

 
  
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2.

1) We all know it very well that the story of Indias growth continues despite the GOI.
2) People like K Basu come and go and tell stories that the growth would continue in October! Why October? What is wrong in June / July? Is he waiting for a date predicted by a story teller? His former boss and the Presidential candidate Pranabda used to predict that the galloping food inflation would come down shortly for the last several years and we all know that it never happened. These people live in ivory tower and they do not know what it takes to drive the growth story.
3) Occasionally of course, the growth story pauses before it picks up the momentum. After all, the hard working and enterprising Indians do not wait for the bed ridden system to recover miraculously and wield a magic wand to do away all the obstacles on the way to growth.
4) To sum up, growth may see a few ups and downs but no stoppage. We already see a positive signals coming from Europe and the US Dollar also is on the ...more
Answered by Tony Fernandez, 29 Jun '12 09:53 pm

 
  
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3.

Yes, simple arguement is "Where there is a will there is a way" ...Better late than never, I feel finally Govt. realised that they cannot keep this matter at bay, Things needs to be arrested ASAP and back to track, now Govt. mean it and they r into it with some concern and seriousness. I feel positive steps are being jotted down and enough measures are being taken to address this long pending issue.

The second and most important reason for YES is the 5 years' term of Govt is nearingto end and to validate they need some final hit of hammer .
Answered by Mohammed asim nehal, 01 Jul '12 06:32 pm

 
  
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4.

It is possible only if we go for structural reforms. But the greed for power is preventing Congress to implement them since some UPA allies are playing politics with this.
Answered by Vikram, 29 Jun '12 05:18 pm

 
  
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5.

Not at allo the track record of this sarkar is very bad and who is this kaushik basu does he have any powers to do anything when the FM and PM he is just one of the persons employed by bharat sarkar to give useless statements
Answered by rajan, 29 Jun '12 05:10 pm

 
  
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6.

Though Dr.Basu is an economist he talks like a politician.The bank interest rates r high n will come down only when the rate of inflation moderates.Current high inflation is due to enhanced purchasing power n supply constrains.Supply will increase only when adequate cheap finance is available.That is not possible now.The RBI is confused,so also may economists.Further the global economic scenario is not condusive.This will have a negative impact on our export.Only factor in favour of our economy is softening of international crude prices.But the INR depreciation has nullified the drop on crude prices. Moreover, FDI inflow has almost been stopped. here has been a huge out flow of FII money which fuels the INR depreciation. So,the economic situation is fluid.One can not be sure about any rebound from October.I do not find any reason to support this view.
Answered by Damodar Biswal, 29 Jun '12 05:15 pm

 
  
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7.

I have been hearing that since 1988. only fools will believe it.
Answered by Pooja Leone, 29 Jun '12 05:05 pm

 
  
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