India to overtake US, Japan in economic growth! - Page 2

Originally posted by: jagdu

Really?

India's economy is not even as large as California's!

Wait till the size of the economy becomes as big as the US, something that will never happen, even after 4050. When the size of an economy is as large as that of the U.S., growth rates are harder to come by.

http://www.india-forums.com/forum_posts.asp?TID=941252&PID=23258092&#23258092

then y dont u go and live in USA? oh i see u r already in USA and judging india from there? 😆 keep going.😡

According to me, India has the potential but isn't quite there yet. Along with infrastructure and terrorism, I feel political will and red tapism is also an issue. The infamous Singur-Nano case is a classic example. It was the biggest investment in Bengal after years and Tata was shooed - vote bank politics. During the Pravasi Bhartiya meets, the biggest issue raised by NRIs who want to invest in India is the red tapism and corruption.

i think red tapism and corruption at the level the NRI's are talking abt is in every country including the US. its just the people expect too much from india. every country has a differnet style of working and diff rules so one must get used to those when u want to do bussiness in that country. like i said cannot jugde from out of india. i think india is a very strong economy to have sustained recession where even the giants have collapsed. so on what basis people say that india is a weak economy i dont understand. not only that it has got good resources. yes infrastructure is an issue in some places but thats what is the scope for improvement till 2050 right? infact india has already got a good gross income except that bcoz of population is divided among too many members(per capita income).

Originally posted by: sandya_rao7

i think red tapism and corruption at the level the NRI's are talking abt is in every country including the US. its just the people expect too much from india. every country has a differnet style of working and diff rules so one must get used to those when u want to do bussiness in that country. like i said cannot jugde from out of india. i think india is a very strong economy to have sustained recession where even the giants have collapsed. so on what basis people say that india is a weak economy i dont understand. not only that it has got good resources. yes infrastructure is an issue in some places but thats what is the scope for improvement till 2050 right? infact india has already got a good gross income except that bcoz of population is divided among too many members(per capita income).

2050..
then it wud be gud for my kids not me...😆

well....
GDP growth of india is high comparitive to others nations...

the survey u gals talking over here,,,
i myself did such kind of survey at college..

the answers was 50 yrs..from now..
the answer came only when we assumed that india's growth rate be 6 % and USA's wud be 2% ..
which is at present..

but knows the future..

and may be like in 1991..aur govt may come up with some new reforms which may accelerate our rate of growth...😍

finger's crossed..

becoz i want to a part of that india and play a my part in it..😊