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the govt cant do much ,country has been left in a socio economic mess by misrule of past decades ----
its only the fall in oil prices that is holding this economy the education system which is the basis of any nation is totally lostresearch of any kind is non existent sonia very wisely followed a scorched earth policy once she realised she wont be coming to power the previous govt focused on subsidies to garner votes and people are now used to it be it on lpg or electricity for farmers ,the psu banks have been used to fund projects of politicians and their children thus creating huge npas
the housing sector is totally in control of greedy builders which act as front for corrupt local or naonal politicians thus the focus is totally on getting land acquired by by govt and building commercial projects on it rather than affordable housing
what is the research percentage in india by its industries ,by its universitiesif we really are a growing power how much are we focusing on research ,education,infrastructure
Yes. Let us see how much importance Modi is giving to Education and Research. Oh wait a minute, he does not give a damn about them. He appointed Smriti Irani to head HRD ministry! Does that not say it all? Tell me one measure that Modi govt has taken to change the situation in Research, Education and Infra in the last 7 months? I do not know, if you do, please let me know.
Monthly reports have little value. Economic activity is seasonal. One sector may rise but other sectors may not show sufficient activity. Entire picture is required.
Dont press panic button immediately, its monthly report not quaterly or 6 monthly or yearly.
Column: GDP Growth OECD vs India
2008: OECD: 0.2% India: 6.1%2010: OECD: -3.4% India: 5.2%2012: OECD: 1.3% India: 4.9%2014: OECD:1.8% India: 5.4%
2008: OECD: 3.7% India: 8.6%2009: OECD: 0.6% India: 9.7%2010: OECD: 1.9% India: 10.3%2011: OECD: 2.9% India: 9.6%2012: OECD: 2.3% India: 9.7%2013: OECD: 1.7% India: 10.7%2014: OECD: 1.8% India: 7.6%
November figures are out and we are talking Oct. hmm
Turn in industrial activity will take some time unlike the service sector growth which is immediateSome actions like "Make in india" which will boost the industrial activity but for this to be seen, some time is required for industries to be setup and functionalGovt shouldn't worry about these numbers and should think of long term interests of the countr
Life goes on.