Comments by "红火树 RedFireTree" (@firetree2007) on "India Cuts Growth Forecast To 6.4%, Slowest In 4 Years | World Business Watch | WION" video.

  1. It highlights the total failure and the bursting of the so-called "fastest growth" myth. The reason for this failure is that the so-called rapid growth was driven by borrowing massive amounts of money to invest in infrastructure. However, this investment did not generate sufficient profits to cover the interest payments, making it unsustainable. The enormous debt burden has resulted in interest payments consuming 25% of the national budget for 2024—much higher than the U.S.'s 16%, even though the U.S. has a significantly larger debt. India would need to maintain a growth rate above 7% to reach China's 2024 GDP level by 2047. At the current growth rate, this goal is unattainable.
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  2. it will be worse this year
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