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Do you think the GDP growth numbers are sustainable?

Asked by Gopinath Patel on 01, Sep 2010 03:22 PM | Total Answers: (22)
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  • Yes, the GDP growth number is not only sustainable but it can be further improve also provided physical capital ( especially physical infrastructure ) and human capital is created and appropriate policies are put in place for development. Though in long run, after some time after economy gets matured, the GDP growth number tends to decline, but the same can be achieved by restrucuring the economy after carefully examining the new avenues of economy development and putting proper economic policies in place. Answered by D C Srivastava , Jt. General Manager at Ordnanace Factory, Trichy | 28, Apr 2011 09:23 AM
  • India is running for her own share multiple exchange gyrations in currencies and derivatives that are risky and may temporarily inflate growth rates but would pull down in absence structural strategy along with successful DOHA Answered by Sreeram Mushty , Chartered Accountant at Mushty & Co | 29, Sep 2010 10:53 PM

  • Basic composition of GDP of the world is
    Food and Agriculture: 3 to 4%
    Manufacture or Industry goods:30 to 32 % ...See More Answered by Sreeram Mushty , Chartered Accountant at Mushty & Co | 29, Sep 2010 10:50 PM
  • There is no need for the State to lie. No one knows the GDP growth rate for a year precisely until after two years. Till then GDP growth rate figures are best estmiates within a tolerane limit of +/- 0.5 percentage points only. The Government estimates are generally over estimated but not in excess of 0.5 percentage points than the actual rate of GDP growth. The government cannot just give any estimate because of three reasons: (a) GDP estimates are also made by some private agencies/ research institutions and the Reserve Bank of India and they will make the Govt. lughable in Parliament if the Government estimate is more than 0.5 percentage point of the average of other estimates - thus there is cross check, (b) there are other ...See More Answered by Basudeb Sen , Independent Director at South Asian Petrochem Ltd | 20, Sep 2010 11:04 PM
  • I feel the GDP growth rate is not exactly that much as the Govt is Claiming - these are merely Statistical lies ,
    With such a high rate of inflation prevailing the ascertainment of exact growth rate can be easily manipulated .
    I think the sustainence will continue till the high inflation growth is there . Answered by Utsav Jha , Assistant Manager- Internal Audit at PACL India Limited | 20, Sep 2010 04:48 PM
  • Yes, the GDP growth figures are sustainable. In fact, India inherent potential is a sustainable growth of 10%- 12 % for the next devade. The only reason we are unable to achieve this is because of resistance to radical structural reforms in agriculture,.labor markets and edcation and continued dominance of the Government in the economic activities. As a result we are forcing industries to be capital intensive rather than labor intensive that would have generated more employment in undstries and poor agricultural productivity from small-scale, fragmented farming.
    There is no need to interpret te figures as manipulated. Governments can manipulate for years to gether in planned controlled economy as was perhaps the position ...See More Answered by Basudeb Sen , Independent Director at South Asian Petrochem Ltd | 02, Sep 2010 02:13 PM
Comments (2)

    Commented by B. J. Kankani, Chief Financial Officer at Eco Recycling Limited / Infotrek Syscom Limited | 2635 days ago
  • India of course is a growing economy and it can grow much faster than 8-10% per year.

    GDP = Consumption+Investment+Government Spending+(Export - Import).

    > Consumption by individuals is factual, that of Corporate is Manipulated,
    > Investment by individuals is factual, that of Corporate is again Manipulated, which is the biggest portion of GDP.
    > Government Spending it is well know fact that only 10-20% of Government spending reaches where it is destined.
    > Export (Services and Garments are the major export oriented product and (if the Satyam case is taken as a reference, there are much more manipulated Export)
    > Import : Crude oil is the major part of Import so import largely reflect the correct picture.

    When at every level there is manipulation in the ladder of GDP, how can we expect the data is factual..
    Commented by B. J. Kankani, Chief Financial Officer at Eco Recycling Limited / Infotrek Syscom Limited | 2637 days ago
  • yes Answered by manish kukreja , Country Head Telecom Operation at RT Outsourcing Services Limited | 02, Sep 2010 12:42 PM
  • These figures are manipulated by Govt or by such agencies who predict such figures are also under the influence of Govt. I feel one should not go by the figures of GDP growth as 95% population of our country is not aware of its proper meaning. In order to project good picture Govt can sustain growth of GDP @ 8.8% But who knows this is true picture. There is total unemployment in our country, prices are rising every day and if Gross domestic production is rising and demand has gone down due to price rise how the producers are able to produce more is a mote question. Answered by LAJPAT RAI THAKRAL , GENERAL SECRETARY at Bank of India Retirees Association | 01, Sep 2010 10:03 PM
Comments (1)
  • Shri Thakral Sahab, you mentioned exactly the same thought, which come to my mind.. Commented by B. J. Kankani, Chief Financial Officer at Eco Recycling Limited / Infotrek Syscom Limited | 2637 days ago

  • Indian GDP growth is dependent on several factors some of them are natural such as proper mansoon, floods, and political instability. This year all the factors seem positive, and if the agricultural growth will support by 3.5% the GDP will even cross by 9%.
    Some of the friends has given negative look on the past growth even valid to the maxim extent but if we can see the ground reality of course the sustainable growth has improved the economic and social condition of all Indians.
    I would like to give one example. Around 1980 one could easly get factory worker in wages of INR 250-300 per month but now days it becomes difficult to get even in INR 3000.where as inflation index is 711.
    ...See More Answered by Lal Mohan Yadav , Manager -Business Analysis at Al Faraa Construction Group | 01, Sep 2010 07:59 PM
  • What growth are we talking about? Even after achieving an average growth rate of 7 to 8% for over 5 to years continuously the living conditions have deteriorated considerably. Corruption increasing day by day. Values and character compromised at each available opportunity. Has the % of population below poverty line in real terms reduced? Have those with continous and uninterupted power increased? Have the number of educated (not litterate) increased and Employed year round? Only when satisfaction level of the bottom 5% our our masses improve will the growth make any sense. Also social parameters like sex ratio, social justice system, civil rights, accountability, equality in employment, dowry deaths, rape etc need to improve ...See More Answered by Anant Maruti Gaitonde , Chief Financial Officer - South East Asia at Pacific Group of Companies | 01, Sep 2010 06:58 PM
  • of course yes

    In fact sheer sustinence wont do. We need to grow further. But what is important is to ensure that we grow sector wise. like agriculture needs to grow at 3 % to sustain the inlaftionary pressures of "growth economy"

    Also hope fully India will handle the external and internal issues like Pakistan and China menance, and Mao's and corruption and caste and releigion based politics

    As JRD said " I am not interested in super power or rich status for India. I am interested in a happy India

    If money could buy happiness, all rich people will be happy. Are they ? Does it need to be answered

    I know I have crossed the brief but it is important to see it in persective as to what we really need Answered by dinesh vijapurkar , GM at Zamil Air Conditioners | 01, Sep 2010 06:13 PM
  • GDp seems to be Ok ,but as you have said there is confusion in inflation Answered by Suhas Chaudhari , Sr Gen manager at Shankar Group ,of companies | 01, Sep 2010 05:26 PM
  • This topic can be analysed in a double faced-problems of unemployment and poverty. The methodology normally adopted in the analyses was a combination of the historical and logico-mathematical research perspectives. The results showed that the technologically advanced nations (TANs) experienced mass unemployment, low productivity, high inflation and prevalent poverty problems for many centuries before they achieved industrial revolution (IR). When they achieved the modern IR, not only did the mass unemployment problem disappear, but also, there were not enough adults persons to fill the employment openings created by the industrialisation. Consequently, industrialists resorted to employing children who worked in factories for ...See More Answered by Arnab GHOSH ROY , CIO at KNOWLEDGE INTO ACTION, AUSTRALIA | 01, Sep 2010 03:52 PM
Comments (1)
  • ARE WE ON SAME TRACK. OR ON PARALLEL LINE.. Commented by B. J. Kankani, Chief Financial Officer at Eco Recycling Limited / Infotrek Syscom Limited | 2638 days ago
  • The Indian GDP numbers are sustainable, if these are reliable and Factual.

    In the current circumstances, when there is no visibility of development and still GDP numbers are rocking. When the outcome of measures will be realistic and factual our manipulative GDP numbers will be much higher. Answered by B. J. Kankani , Chief Financial Officer at Eco Recycling Limited / Infotrek Syscom Limited | 01, Sep 2010 03:49 PM

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