South Asia 100 crore Indians have no extra money to spend: Report

[Krishna with Flute]

No, there is a massive hand-me-down economy going. At least big cities etc, we have a big "aap le jao if you have use for it"

AC/microwave/stoves/TV/speakers .. all given away to domestic help, good working condition proper ones.

Impossible to say how big the urban middil class really is but its big.

Bhai, food delivery guys with iPhones (even if not the latest greatest ones)

India is a consumption monster, rich buying fancy cars to now even urban poor with most of the trappings of modern life.. sabke ghar me TV, smartphone, ACs also but they cost electricity so not used much. lol

See @Sharma Ji , the definition of truth and reality of BD is something which says anything bad about India. No matter whether you quote WB report, IMF report or damn anything. If they are able to find any youtube video saying that India is not progressing but regressing and India will break up, that will give our friends like @Bilal9 and @Saif lots of excitement.

 

[Bilal9]

See @Sharma Ji , the definition of truth and reality of BD is something which says anything bad about India. No matter whether you quote WB report, IMF report or damn anything. If they are able to find any youtube video saying that India is not progressing but regressing and India will break up, that will give our friends like @Bilal9 and @Saif lots of excitement.

Wrong !!

India regressing or breaking up is a problem - because instability next door is a bad thing for us economically.

Stability is always a good thing for development.

It is not us who wish the worst for India.

But there is a large section of Indian population who have terminal hatred for Bangladesh.

This is all Thanks to Chaiwala.

 

[Krishna with Flute]

Wrong !!

India regressing or breaking up is a problem - because instability next door is a bad thing for us economically.

Stability is always a good thing for development.

It is not us who wish the worst for India.

But there is a large section of Indian population who have terminal hatred for Bangladesh.

This is all Thanks to Chaiwala.

Everybody hates you. Aren't the Myanmar people hate you? Pakistanis hate you so much that they wanted to Change DNA of BD,.

 

[Bilal9]

Everybody hates you. Aren't the Myanmar people hate you? Pakistanis hate you so much that they wanted to Change DNA of BD,.

People are free to hate or love whom they dislike or like. We are talking about India here, not BD/PK/Myanmar.

BTW Pakistanis hate us so much, they are sending their Foreign Secretary Amna Baloch to Dhaka ahead of Deputy PM/Foreign Minister Senator Mohammad Ishaq Dar following her next - to meet with Dr. Yunus.

 

[Bilal9]

India is growing at over 7% with 100 crore people having no extra money to buy. What will happen when those 100 crore people will have extra money to spend?

It's called jobless growth. Look it up.

 

[Krishna with Flute]

People are free to hate or love whom they dislike or like. We are talking about India here, not BD/PK/Myanmar.

BTW Pakistanis hate us so much, they are sending their Foreign Secretary Amna Baloch to Dhaka ahead of Deputy PM/Foreign Minister Senator Mohammad Ishaq Dar following her next - to meet with Dr. Yunus.

That is ok but I replied to your post in which you say that we hate you guys. I said that others also hate you.

 

[Krishna with Flute]

It's called jobless growth. Look it up.

Only service growth can be of low employment growth and not manufacturing, agriculture and infrastructure. Our government is pushing infrastructure growth like anything. We build 37 k.m. High way everyday. Construction activities are happening at a very rapid rate. 10 crore people are given loan for self employment. Employment is generated at a very rapid pace. A BIMARU state like UP which had unemployment rate in double digit has an unemployment rate of 3% today. Things are moving in right direction at a very rapid pace.

 

[Bilal9]

Only service growth can be of low employment growth and not manufacturing, agriculture and infrastructure. Our government is pushing infrastructure growth like anything. We build 37 k.m. High way everyday. Construction activities are happening at a very rapid rate. 10 crore people are given loan for self employment. Employment is generated at a very rapid pace. A BIMARU state like UP which had unemployment rate in double digit has an unemployment rate of 3% today. Things are moving in right direction at a very rapid pace.

Just pure Godi media propaganda about employment figures which is doubted even by independent Indian sources,

Claims have been made that the Modi government has manipulated unemployment figures, with critics arguing that the actual job creation has not met expectations. Surveys indicate a significant portion of the population believes the unemployment situation is serious, contrasting with government assertions of job growth.

1.6 million jobs vanish as pressure mounts on India’s Modi before budget

Indian PM claims to have created 80m jobs in past four years, but figures remain under contention

www.independent.co.uk

 

[Krishna with Flute]

Just pure Godi media propaganda about employment figures which is doubted even by independent Indian sources,

Claims have been made that the Modi government has manipulated unemployment figures, with critics arguing that the actual job creation has not met expectations. Surveys indicate a significant portion of the population believes the unemployment situation is serious, contrasting with government assertions of job growth.

1.6 million jobs vanish as pressure mounts on India’s Modi before budget

Indian PM claims to have created 80m jobs in past four years, but figures remain under contention

www.independent.co.uk

Your wishful thinking is not a reality. Our EPF (employee provident fund) Accounts have doubled in last 11 years. We have very good agencies which generates very reliable DATA. We do not need certification from you. For you, a random video on India is more reliable than IMF report/DATA. So your wishful believing has only one use. That is to entertain you. It does not serve any other purpose.

Your problem is that you do not read what you post. Bellow Paragraphs are from your posted articles.

According to the central bank’s report, released on 9 July, the overall employment rate rose from 3.2 per cent in 2022-23 to 6 per cent in 2023-24, meaning the country created more than 46.7 million jobs in that time.

In total, the number of employed people increased from 596.7 million in March 2023 to 643.3 million in March 2024. Most of the new jobs, 18.5 million, came from agriculture and allied sectors while 4.8 million appeared in construction, The Times of India reported.

 

[Saif]

Your wishful thinking is not a reality. Our EPF (employee provident fund) Accounts have doubled in last 11 years. We have very good agencies which generates very reliable DATA. We do not need certification from you. For you, a random video on India is more reliable than IMF report/DATA. So your wishful believing has only one use. That is to entertain you. It does not serve any other purpose.

Your problem is that you do not read what you post. Bellow Paragraphs are from your posted articles.

According to the central bank’s report, released on 9 July, the overall employment rate rose from 3.2 per cent in 2022-23 to 6 per cent in 2023-24, meaning the country created more than 46.7 million jobs in that time.

In total, the number of employed people increased from 596.7 million in March 2023 to 643.3 million in March 2024. Most of the new jobs, 18.5 million, came from agriculture and allied sectors while 4.8 million appeared in construction, The Times of India reported.

https://www.reuters.com/article/business/indias-incredulous-data-economists-create-own-benchmarks-idUSKCN1SF0L2/

India's incredulous data: Economists create own benchmarks
By Manoj Kumar

NEW DELHI (Reuters) - Economists and investors are increasingly showing that they have little or no confidence in India's official economic data – presenting whoever is elected as the next prime minister with an immediate problem.

There have been questions for many years about whether Indian government statistics were telling the full story but two recent controversies over revisions and delays of crucial numbers have taken those concerns to new heights.

The government itself has admitted there are deficiencies in its data collection.

A study conducted by a division of the statistics ministry in the 12 months ending June 2017 found that as much as 36 percent of the companies in the database used in India's GDP calculations could not be traced or were wrongly classified.

Last December, the government held back the release of jobs data but an official report leaked to an Indian newspaper showed the unemployment rate had touched its highest level in 45 years.

Economists and investors are now voting with their feet – by using alternative sources of data and in some cases creating their own benchmarks to measure the Indian economy.

Many economists said they were stunned when the government upwardly revised GDP growth for 2016/17 to 8.2 percent from 6.7 percent.

Even those close to the government have said the lack of accuracy in the official data makes it much more likely that authorities will miss major swings in activity and be unable to react quickly to head off a crisis. It is also a problem for investors who may be misled into thinking the economy is more robust than it really is.

The opposition and other critics have said Modi suppressed jobs data and "massaged" economic growth numbers in an attempt to show that his government has done better than the previous administration.

Some investors have been burned by believing in India's high growth story.

P. C. Mohanan, former acting chairman of the national oversight body for statistics, who resigned to protest government interference over the release of the jobs figures and back series data on GDP, said the government hasn't allocated the resources it needs to measure activity given the growth in the economy.

Gita Gopinath, the International Monetary Fund’s chief economist, told an Indian TV channel last month the IMF had raised the issue of "transparency" with Indian officials in data collection and, in particular, measurement of the GDP deflator - the adjusted inflation rate used to estimate real GDP.

 

[Bilal9]

All Indians should watch this Video by noted Indian economist Mr. RN Bhaskar. It is an eye-opener against Godi Media propaganda.

 

[Krishna with Flute]

https://www.reuters.com/article/business/indias-incredulous-data-economists-create-own-benchmarks-idUSKCN1SF0L2/

India's incredulous data: Economists create own benchmarks
By Manoj Kumar

NEW DELHI (Reuters) - Economists and investors are increasingly showing that they have little or no confidence in India's official economic data – presenting whoever is elected as the next prime minister with an immediate problem.

There have been questions for many years about whether Indian government statistics were telling the full story but two recent controversies over revisions and delays of crucial numbers have taken those concerns to new heights.

The government itself has admitted there are deficiencies in its data collection.

A study conducted by a division of the statistics ministry in the 12 months ending June 2017 found that as much as 36 percent of the companies in the database used in India's GDP calculations could not be traced or were wrongly classified.

Last December, the government held back the release of jobs data but an official report leaked to an Indian newspaper showed the unemployment rate had touched its highest level in 45 years.

Economists and investors are now voting with their feet – by using alternative sources of data and in some cases creating their own benchmarks to measure the Indian economy.

Many economists said they were stunned when the government upwardly revised GDP growth for 2016/17 to 8.2 percent from 6.7 percent.

Even those close to the government have said the lack of accuracy in the official data makes it much more likely that authorities will miss major swings in activity and be unable to react quickly to head off a crisis. It is also a problem for investors who may be misled into thinking the economy is more robust than it really is.

The opposition and other critics have said Modi suppressed jobs data and "massaged" economic growth numbers in an attempt to show that his government has done better than the previous administration.

Some investors have been burned by believing in India's high growth story.

P. C. Mohanan, former acting chairman of the national oversight body for statistics, who resigned to protest government interference over the release of the jobs figures and back series data on GDP, said the government hasn't allocated the resources it needs to measure activity given the growth in the economy.

Gita Gopinath, the International Monetary Fund’s chief economist, told an Indian TV channel last month the IMF had raised the issue of "transparency" with Indian officials in data collection and, in particular, measurement of the GDP deflator - the adjusted inflation rate used to estimate real GDP.

There are two names comes in forefront who disputes Government data. Both were saying very good about economy when they were in Government. They are Arvind Subramanium ex economic advisor of Indian government. Other name is Raguuram arjan ex head RBI. Both were US agents. Both were in highest economic bodies of India. Since when they are kicked out for favoring US, they keep bluffing all the nonsense. In one quarter when India's GDP figures were poor (4.5%, yes, 4.5% is very good for other countries but not India), he told it a Hindu growth rate. When the figure turned out to be 7.8%, he disputed the data.

Now you have talked about IMF economist, Now let me quote IMF reports about India. Let us see whether you are able to agree with it or not. Your cherry picking will expose you otherwise.

India has eliminated hunger poverty say IMF.

Extreme poverty eliminated in India, says IMF report. Findings decoded

As a resounding endorsement to PM Modi’s food security scheme Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), the IMF has said that it “illustrates the robustness of India’s social safety architecture as it withstood one of the world’s biggest exogenous income shocks.” The scheme, it observed...

www.timesnownews.com

Form IMF directly,

https://www.imf.org/en/Publications/WP/Issues/2022/04/05/Pandemic-Poverty-and-Inequality-Evidence-from-India-516155

INDIA HAS ERADICATED EXTREME POVERTY: IMF REPORT - The Daily Guardian

Report lauds Prime Minister Narendra Modi’s food security scheme, the Pradhan Mantri Garib Kalyan Anna Yojana, for helping India achieve this feat.

thedailyguardian.com

Has India Really Eliminated Extreme Poverty Or Has It Stopped Counting Its Poor?

When the pandemic struck India, India was in its lowest economic growth in over a decade. According to the latest Oxfam report on inequality, the COVID-19 pandemic pushed more than 4.6 crore Indians into extreme poverty.

www.indiatimes.com