Krishna with Flute
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India getting huge foreign exchange is not an isolated event. It is happening consistently and currently the highest in the world for last many years. More and more Indians are sought by all nations whether developed or underdeveloped, for running their businesses to running their medical sectors and education sectors. Now, even semi-skilled and unskilled Indian manpower is in great demand. Our economy is the fastest growing major economy for years and all consultancy agencies are predicting that it will remain the fastest growing major economy for many years to come. So nothing which I said is merely an optimism. Whatever I said is already proved and predicted by all major consultancy agencies on economics. Only one thing what I said can be optimistic is strengthening of INR which has not happened so far. We are putting in place the reforms and its result is visible. For last many years, we have proved all agencies wrong by surpassing their growth predictions. Our Exports grew in spite of US sanctions. All economic study agencies are most bullish on India. We are set to grow very fast. Even if we continue to grow at current rate, we shall be the third major economy in couple of years and second major economy in next 2 decade and No1 major economy within 3 decades. These are the predictions of all major agencies and not merely my optimism.While I agree partially with some of your views, I will say that I maintain significant reservations on India's economic strengths in light of US opposition. You are projecting a lot of questionable predictions on what India's economy will become, which is currently mostly placing its bets on and surviving on foreign remittance (mostly from the Gulf region).
The US is very steadily (and quickly) shutting its doors on immigration overseas where higher amount remittance stems from, ditto with Canada. Australia is going to follow suit, if it has not already.
With exports being slowly turned down (except maybe the EU, where at least temporarily India has concluded an FTA) - export economy remains a challenge.
But - speculations aside, only the future will tell where India stands.
For the destitute hundreds of millions in India clamoring for a better life, I certainly hope your predictions will come true.
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