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Comments by "Raju" (@rajx7120) on "When RBI rudely surprises markets u0026 why inflation is spooking the world" video.
@samritichoudhary714 On the contrary. There was always a chance of lagging behind Bangladesh. Because of harsh labour laws of India. Average size of factory in India is 240, whereas in Bangladesh, it is 800. So, it is not surprising that Bangladesh textile sector boomed, and India lagged. I don't support demonetisation. But we can't ignore the fact that, we needed labour reforms, which were only recently enacted by Modi government.
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@stephenmani8495 Dude, we are having economic recovery. Demonetisation is old news. Highest manufacturing and service exports ever. There is no chance we will get behind Nepal or Bhutan. Our problem is expensive petrol, and inefficient agriculture. Support farm laws, and see if any Arab countries giving free oil. I hope India captures more of cheap Russian oil. We will see better growth then.
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@subratanath1412 You are talking about politics, not economics. I don't support demonetisation, but current recovery is real.
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@samritichoudhary714 You are the one refusing facts and logic, and calling others as bhakt.
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@synthtastic74 What do you want to talk about imports? You want India to reduce imports? Yeah, surely we are trying to increase renewable energy, but dependence on fuel imports is not going away. But there are imports like that edible oil and pulses, which are being addressed by govt incentives for the same. But since, our agriculture is so dominated by rice/wheat because of MSP, diversification is a challenge, and resistance is met by farmers in Punjab. Perhaps, you may wanna try convincing them to shift away from rice/wheat to pulses/oilseeds.
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@samritichoudhary714 RBI is talking about Covid related losses. That's like some structural damage due to natural calamity, and unrelated to govt policies, and not about GDP. GDP is economic activity. Every country is facing such problems, due to Covid pandemic. Don't mix up two different things.
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