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Tags: Rajnath Singh with Dilip Kumar and Saira Banu, Make in India, Digital India, FDI , India 8% GDP growth, President Pranab Mukherjee, Presdident inaugrates tallest Shiva idol, IS may have passport printing machine, IS, Tonk, Azaharuddin
AAP ki khasiyat?Politics on child death and huts demolition? Child dies in demolition drive by Railways at Shakurbasti, AAP questions timing
Rajiv did not want to see Pawar as CM of MS & Sonia blocked his way to be PM, then still why he is pichhlaggu of Gandhi family?
GDP for Dev vs Cong for Vendetta politics
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Nehru’s niece Nayantara Sahgal returns Sahitya Akademi Award to protest Modi’s silence on ‘reign of terror’? SahgalJi: Who killed Netaji?
Dadri cops for FIR against Mahesh Sharma, Sangeet Som for violating Section 144: What about Owaisi, Kejri, Rahul Gandhi and such media …?
Dadri must not become another Muzaffarnagar: JDU should ask this to Lalu who days Hindu (Lalu) eats cow and Rahul who went Dadri to evoke…
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Tags: India is wining, Global Economy Race, India to leave behind China, Indo-German Summit, India vs China, GDP Growth, FDI, PM Modi, Merkel, Population, Oil, GST, Democracy
Make in India logo models at Bosch Vocational Center in Bengaluru on October 6
Prime Minister Narendra Modi on Tuesday Oct 6, 2015 asserted that within in 15 months his government has successfully restored the credibility of India in the eyes of global players through its transparent and progressive reforms thus ensuring a level playing field.
At a time of global slowdown, India represents a bright spot for investments: PM’s address today at the Business Forum in Bengaluru
Why India’s population will outstrip China’s in just seven years. India was initially estimated to beat China only by 2050. PM Modi asks to the corporate world here how China’s economic slowdown may be- India’s opportunity? South Asia, especially India now the fastest-growing region in the world, could take greater advantage of cheap oil to reform energy pricing as World Report says on April 13, 2015. China and India Reshape Global Economy. India tries with its best to be No.1 to replace China. How both countries are being effected by Local and global effects? How they are governing economic growth?
Arguably, China’s expansion since 1978 already has been the largest growth “surprise” ever experienced by the world economy, having exceeded an annual growth of 9% from 1980 to 2014.
Four decades ago such as 1961, 1969 and 1970, its per capita income was below to India or close to India’s. Is this going to change? Since 1990, its growth has continuously surpassed India’s. World report says India’s growth rate cross even in 2017. If this happened then sweet is in your mouth (Tumhare munh mein Ghee shakkar). But according to Kaushik Basu, Senior Vice President and Chief Economist, World Bank, n one of all this is going to change in a hurry: http://blogs.worldbank.org/developmenttalk/india-china-and-our-growth-forecasts
The last two rounds of purchasing power parity (PPP) computation for the world occurred in 2005 and 2011. It turns out that in terms of PPP-adjusted GDP, India overtook Japan and Germany between 2005 and 2011, and stood behind only the US and China. (Note: As of October 2014, China’s PPP-adjusted GDP has overtaken that of the US).
The expected growth of 7.5% this year is worse than India’s performance in many past years, but it is quite remarkable given today’s subdued global prospects.
India’s growth last 11 years
Goods and Services Tax (GST)
A second dynamic relates to several important policy initiatives laid out in the Union Budget presented in February 2015. The most important is the Goods and Services Tax (GST), which will create a unified national taxation system, cutting down transactions costs for businesses and the movement of goods. Data collected by the World Bank show that, when Indian trucks carry freight between cities, 60% of the time is spent stationary, mainly at check points to pay taxes and get permits. The GST can cut down this colossal wastage. Indeed, India’s biggest stumbling block has been its large transactions and bureaucratic costs.
Fall in Oil Prices
The fall in oil prices since June 2014 has turned out to be a boon for oil-importing India. The high cost of oil has caused India’s current account deficit to be large and created a heavy fiscal drag for decades. This has eased greatly over the past 9 months and the Bank’s projections suggest that oil prices will be low — somewhere between 55 and 70 dollars—over the medium term. This is a great opportunity for India to reform, deploy resulting savings to boost spending on health and education, and promote shared prosperity.
The democracy presents an interesting dynamic for India. On the one hand, it can be a drag and often is. A democracy like India’s makes it difficult to experiment with new policies and to make policy switches of the kind China could make easily and even Korea made in the 1970s. On the other, it does provide a stability and basis for sustained development. India is fortunate that, through the rough and tumble of economic life, it has managed to hold on to democratic traditions and a vibrant media.
Why India’s population will outstrip China’s in just seven years. India was initially estimated to beat China only by 2050. Over the past 20 years, aggregate measures of global inequality have changed little even if significant structural changes have been observed. High growth rates of China and India lifted millions out of poverty, while the stagnation in many African countries caused them to fall behind. If this trend remains continue in the future then definitely 21st century belongs to India.
Research paper “Global Growth And Distribution : Are China And India Reshaping The World?” published in 2007 explains that millions of Chinese and Indian consumers will enter into a rapidly emerging global middle class-a group of people who can afford, and demand access to, the standards of living previously reserved mainly for the residents of developed countries. Notwithstanding these positive developments, fast growth is often characterized by high urbanization and growing demand for skills, both of which result in widening of income distribution within countries. These opposing distributional effects highlight the importance of analyzing global disparities by taking into account – as the GIDD does – income dynamics between and within countries.
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Photo-caption: PM Narendra Modi’s visit to the USA – September 24th
56″ Chest of Young India emerges top FDI destination leaving behind China, US
Prime Minister Narendra Modi commenced his visit to the United States of America on September 24th. After concluding the historic and memorable visit to Ireland.
In New York, the first meeting was dedicated to business. Prime Minister Modi held a roundtable meeting with top American CEOs from the financial sector. Fruitful discussions were held in the roundtable and the Prime Minister urged the CEOs to invest in various sectors. He also outlined his vision for “Start-Up India, Stand-Up India.” Shri Narendra Modi highlighted numerous steps being taken by Government to improve business environment in India which has in turn helped raise the FDI and investor confidence
After a successful visit to the US which witnessed heightened expectations from India in the Silicon Valley in terms of growth in the digital technology and the startups domain, Prime Minister Narendra Modi has been showered now with good news on the FDI and the business confidence index fronts.
As per Financial Times report, “A ranking of the top destinations for greenfield investments (measured by estimated capital expenditure) in the first half of 2015 shows India at number one, having attracted roughly $3 bn more than China and $4 bn more than the US”.
In fact, the signs of an uptick are visible from last year as the country ranked fifth after China, the US, the UK and Mexico — in 2014 for capital investment. At the end of June 2015, India has attracted $30 bn as against $12 billion in the first half of last year.
CEOs were very interested in India’s start-up sector. They appreciated steps taken by Government to make business easier.http://nm4.in/1LQaK93
The Prime Minister noted that current era was driven by technology.
The CEOs were enthusiastic about the digital transformation that is taking place in India through the Digital India initiative. Addressing the media sector CEOs, he said that Government of India has been committed to protecting IPR which is essential to fostering creativity. He also spoke about Government’s vision to connect 600,000 villages through broadband connectivity.
Here it should be noted that India is looking attractive not only because the country has improved its business environment significantly, but mostly because China is down and the overall global situation too, is hardly encouraging.If investors are looking towards India, it needs to be taken as an opportunity to be capitalised on to the fullest by finding ways to enhance ease of doing business.
PM Narendra Modi must capitalise on the good news on the FDI and the competitiveness fronts to strengthen the India story by finding ways to facilitate reforms in areas like taxation and labour quickly.
If PM Modi’s charms are attracting foreign investors in India, it has to be supported by changes on the ground also, and he will do well by finding ways to convince other political parties, that obstructions to the necessary reforms like the goods and services tax (GST) can hamper this process.
While he has managed to attract foreign investors to a great extent, PM Modi has failed in managing Parliamentary logjam successfully, and he needs to better his track record quickly here if the success of his foreign visits has to translate into good results on the ground in India.
Even opponents of PM Modi also should accept the reality that he dispensation has a golden opportunity at hand to capitalise on the India growth story.
Prime Minister Modi held extensive talks with various leaders in New York City. He met PM Sheikh Hasina of Bangladesh. Both the leaders expressed happiness at the progress of implementation of the Land Boundary Agreement. Discussions also focused on connectivity, infrastructure, sustainable development goals, and reform of the UN Security Council and other institutions of global governance.
Shri Modi held a meeting with PM of Saint Vincent and the Grenadines, Mr. Ralph Gonsalves. He thanked Dr. Gonsalves for the support extended by Saint Vincent and the Grenadines towards UNSC reform. The Prime Minister also met President David Arthur Granger of Guyana. President Granger also presented PM Narendra Modi copies of two monographs written by him. The President was appreciative of Indian support for capacity building in the IT sector in Guyana.
Prime Minister Narendra Modi also met heads of various business firms. Shri Modi attended a working dinner where major Fortune-500 CEOs were present. Prime Minister interacted with 42 American CEOs from the manufacturing and infrastructure sectors. The Prime Minister highlighted his commitment for predictable, transparent and accountable governance. Discussions were held on investment opportunities in India. The PM made a strong pitch for ‘Make in India’, ‘Skill India’ and ‘Smart Cities’ initiatives.
Narendra Modi My interaction with Fortune 500 CEOs was on investment opportunities in India & why they must come & ‘Make in India.’
@MEAIndia PM: Reform in governance is my No. 1 priority. We are for simplified procedures, speedy decision making, transparency & accountability
Photo caption: Germany’s Merkel with Modi in Delhi
FDI in India at $30 bn: Narendra Modi may thump his chest to capitalize on the good news on the FDI and the competitiveness fronts to strengthen the India story by finding ways to facilitate reforms in areas like taxation and labour quickly. Bihar assembly election results in November are also as supportive as the FDI and WEF boosters as said by Financial Express of Oct 5, 2015
PM Modi, Merkel agree to fast-track business deals in India: “We see Germany as a natural partner in achieving our vision of India’s economic transformation. German strengths and India’s priorities are aligned,” Modi said after meetings lasting three hours with Merkel, who arrived in the capital on Sunday oct 4, 2015.
Foreign companies have long despaired at India’s levels of taxation, corruption and other obstacles to doing business. But many have welcomed Modi’s efforts to make it a faster and more reliable place to invest.
The two countries signed agreements worth two billion euros ($2.25 billion) on German investment in developing India’s clean energy corridors and solar energy industry, ahead of crucial UN climate change talks late this year.
India has emerged as the most favoured destination for foreign direct investment (FDI) in 2015 so far, outpacing China and the US, London-based business daily Financial Times (FT) said in a report on Tuesday Sep 29, 2015
FDI inflows into India during January-June stood at $31 billion, ahead of China’s $28 billion and the US’s $27 billion, said the FT report under the headline ‘India grabs investment league pole position’.
Another piece of good news is that India has climbed 16 places to the 55th position among 140 economies in this year’s World Economic Forum (WEF) Global Competitiveness Index, after five years of decline. The NDA government would surely hope now that the critical.
“India is tracking well ahead of where it was at this time last year: it has more than double its mid-year investment levels, attracting $30 billion by the end of June 2015 compared to $12 billion in the first half of last year,” it said.
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Tags: Eat and live in India, Sing for foreigners and enemies, Manmohan Singh praised British rule, Oxford, FDI, Outsourcing, Caesar’s wife, Cambridge, Sonia Gandhi
Modi to Camroon “Make in India” but Dr Singh said “Sonia Gandhi made me””Cambridge made me””I alike Caesar’s wife?http://newsanalysisindia.com/post/Eat-and-live-in-India-but-sing-for-foreigners-and-enemies.aspx … …
Modi recalls Shyamji Krishna who fought against British Rule but Manmohan Singh praised British rule in the Oxford? http://www.newsanalysisindia.com/post/Eat-and-live-in-India-but-sing-for-foreigners-and-enemies.aspx …
4:07 AM – 14 Nov 2015
The Indian IT sector, which gets 60 per cent of its export revenue from the United States, has come out strongly against US moves to ban outsourcing. While the Prime Minister has dug his heels in over the FDI in retail issue, it is open support for the Cabinet decision from America.
United States President Obama is stepping up his campaign against outsourcing. Batting for FDI in Multi Brand Retail, United States Ambassador to India Peter Burleigh said it will not affect small traders. On which side is Indian Prime Minister batting?
Few days back, Indian Prime Minister Manmohan Singh called Pakistan Prime Minister Yusuf Raza Gilani as a “Man of Peace”.
My article of Nov 25, 2011: “Sonia Gandhi made me” “Cambridge made me” “I alike Caesar’s wife” now inducing Multi-Brand Retail as Walnut giants is slavery heredity.
Anna Hazare endorsed my views today ““Britishers came to India for trade but then ruled us for 250 years. You want to make us slaves once again? Are we inviting them to make us slaves again?”
Dr. Manmohan Singh praised British rule in the Oxford. Radhakrishnan was called to Oxford University, England, to deliver the prestigious “Upton Lectures” on “The Hindu View of Life.”
Stalin’s cruelty in the achievement of his goals created paranoia. Several times
he accused some of his closest supporters of counterrevolutionary ideas. Indian Prime Minister Manmohan does not want to hear his allies and voice of common people.
Dr. Radhakrishnan visited Russia. There Dr. Radhakrishnan patted Stalin on the cheek and on the back. Stalin said, “You are the first person to treat me as a human being and not as a monster.” After all Manmohan Singh and his boss Sonia Gandhi are also human beings.
Common people including small shop keepers are living peacefully. FDI in Multi Brand Retail inters in the peaceful life of common people as truck rammed into a school building at Dhamangaon of Nasik killing students.