Comments by "srini sbir" (@srinisbir8781) on "What recent data shows about the Indian economy u0026 key areas of concern" video.

  1. @Sakib Pathan  spare your condescension on someone else. Both you and i aren't economists, so stop belittling others when they disagree with you. Ukraine annexation is a black swan incident. Ukraine's economy is peanuts compared to the world gdp. If we can compare countries across time, then we should also be able to compare the world comprised by those countries across time. If anything, UPA underperformed in 2004-2014, whereas india grew by roughly 2.9 x under UPA. China with 2.7x base than India in 2004 grew 5x in the next 10 years. Only now, china's and india's growth rate are comparable. In other words, india is cat hing up with china better than before. This is also evident from the fact that under UPA, the trade deficit between india and China ballooned from 1.2 billion USD in 2004 to 31 billion USD in 2014. Now that number stands at around 101 billion USD. so, under UPA the trade deficit grew 30x, whereas now it has been reigned in to balloon only 3x.
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  2. It has been giving out free grains to 80 crore people for the past 2 years, how else do you expect govt. to take care of rotting stocks.
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  3. ​@ARJAV GARG there is a website where you can see how USD inflated.
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  4. ​ @arjavgarg5801  10 USD in May 2007 is 14.5 USD in March 2023.
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  5. ​@Sakib Pathan you need to consider 2 years of wasted COVID time and then war, etc. 2008-2009 problem was nothing like what we have now. Global economy is crawling currently when compared how it was even in 2008-2009.
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  6. ​​ @pamtam1  from 2004 to 2014, China grew 5x, i.e. 5000%. That decade was of growth boom. Even Pakistan was growing😂😂 now from 2014 through 2023, both India and China grew around the same rate. You cannot compare growth rates across time. You need to compare the growth rates of things that are contemporary.
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  7. @Sakib Pathan  indian exports have actually increased in absolute terms under this government. Not sure what you are blabbering about.
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  8. @Sakib Pathan  i am sorry for the typo. But let's take this discussion further. If you think we can only compare countries across time, then we should also be able to compare the whole world gdp across time. In 2004 world gdp was 44 trillion usd, in 2014 it was 80 trillion and in 2023 it is estimated to be 113 trillion USD. The growth of world between 2004-2014 was around 81%. The growth of world between 2014 and 2023 is around 41%. Who do we blame for the deceleration in world growth? Is the reason for that the present Indian government?
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  9.  @pamtam1  https://youtu.be/UOlFQ-vWfK8. Hope you understand how Ambani is transforming India.
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  10. @Sakib Pathan  please give references to your numbers. The trade deficit with china was 1.3 billion USD in 2004, and it ballooned to 31billion USD. which is a 30x imcrease. Compared to that, now the deficit only increases to 110 billion USD. Clearly UPA screwed the pooch on this one. Hope you understand that expression.
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  11. @Sakib Pathan  tell this to Congress Chidambaram who compares india's growth rate with that of Bangladesh and then says india cannot compare its growth rate with larger economies, such as USA and China.
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  12. @Sakib Pathan  the external debts are the lowest since 2014. Npa was a curse UPA passed on to the Modi govt. Of course, everything was covered up until IBC was implemented in 2105-16. Now Modi govt. has completed cleaned up the banking mess. NPA was the reason why india's growth started falling since 2009-2010. It fell down to 5.5% and hobbing around 7% in the next few years. Not to mention the shit infrastructure work under the UPA. actually, no work was done (literally none).
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  13. In 2008-2009, the inflation was 15.7% and again it was over 9 % consistently during 2012. Yet. UPA struggled to collect taxes even close to what Modi govt. is collecting now.
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  14. In any country it is hard to find the increase in income growth for each population segment. Everywhere, only average data is reliably available. If consumer spending increases that means poor income also has risen. It is only an inference
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