| Author | Message | ||
     Tilak Hero Username: Tilak Post Number: 12638 Registered: 02-2012 Posted From: 117.195.242.40 Rating: N/A |
historic decision by PVNR .. looking back .. in hindsight .. i feel .. had he not cut down license raj .. I feel India would have been a failed state .. but agree that rural econ did not benefit much from liberalisation .. well, blindly aping the american model .. to an extent .. which is wrong .. Even communications revolution should be credited to his govt .. specially mobile telephony .. I think he deserves credit for that .. "India must conquer the World and nothing less than that is my ideal" || "...with patriotism must be associated a real feeling for others... We must not forget that we have to teach a great lesson to the world... religion and philosophy..." - Swami Vivekananda | ||
| Vjavasi Hero Username: Vjavasi Post Number: 10932 Registered: 11-2009 Posted From: 24.248.216.135 Rating: N/A |
i am not talking Purchasing power parity....i think it's different form overall purchasing power in the economy.....purchasing power is policy dependent.....you have to balance GDP growth with purchasing power spread for robust and healthy growth......if people at large lack purchasing power economy can't grow.......econmists mostly talk about peripheral stuff, they can't dare to question the basics........economics at its core is simple common sense...there is nothing in this world that cannot be explained in simple language | ||
| Bushu Side Hero Username: Bushu Post Number: 6302 Registered: 04-2009 Posted From: 24.61.12.115 Rating: N/A |
GDP growth is an OK factor. PPP is rarely in your control. dollar volatility controls most of it. what stops a country from going under are controlling inflation and the deficit. idhi basics of econ annatlu. everything is tigtly interlinked of course and there are all kinds of feedback loops that go around. but economists focus on these critical factors in addition to exchange rate - to assess a country. BJP managed them amazingly well inspite of going through some historic events during their rule. what they did not do well is percolating these to the bottom sections of the society - reducing inequalities in income. in any case, just some pointers if you were to engage with anyone about economics. these are loaded topics, cannot be explained in a DB. balupu s/o gelupu | ||
| Vjavasi Hero Username: Vjavasi Post Number: 10931 Registered: 11-2009 Posted From: 24.248.216.135 Rating: N/A |
you can read this...this is part of 7-part series on Hindu nationalism http://krishnarjun108.wordpress.com/2012/06/22/hindu-nationa lism-vajpayee-government-a-disaster/ | ||
| Iamim Side Hero Username: Iamim Post Number: 4735 Registered: 03-2008 Posted From: 117.195.178.148 Rating: N/A |
Why? | ||
| Vjavasi Hero Username: Vjavasi Post Number: 10930 Registered: 11-2009 Posted From: 24.248.216.135 Rating: N/A |
these two are governance issues......but the overall foundation and health of economy has to be assessed form the fundamentals i mentioned | ||
| Vjavasi Hero Username: Vjavasi Post Number: 10929 Registered: 11-2009 Posted From: 24.248.216.135 Rating: N/A |
With PVNR, first cong PM outside mafia.......improved internal security, his look east policy is visionary in foreign relations and helped india.....presided over some internal liberalization.......negatives- completely neglected rural economy vajpayee, a pompous windbag, seriously believed in the illusion that he was man of masses.....focused more on self glorification like nehru than interests of party and country....shielded italian mafia.......too much focused on stock market centric growth......failed in internal security......actively promoted delhi establishment....backstabbed the movement that took him to the chair....neglected rural economy positives - infra development particularly Roads MMS- worst PM and a moron in PM chair, i don't have anything positive for this idiot | ||
| Tilak Hero Username: Tilak Post Number: 12637 Registered: 02-2012 Posted From: 117.195.242.40 Rating: N/A |
annai .. please explain these to novices like me .. what was better with PVNR govt, what was "okay" with ABVP govt, what is "wrong" with MMS govt .. that helps .. "India must conquer the World and nothing less than that is my ideal" || "...with patriotism must be associated a real feeling for others... We must not forget that we have to teach a great lesson to the world... religion and philosophy..." - Swami Vivekananda | ||
| Tilak Hero Username: Tilak Post Number: 12636 Registered: 02-2012 Posted From: 117.195.242.40 Rating: N/A |
unfortunately  may be .. in hindsight .. "India must conquer the World and nothing less than that is my ideal" || "...with patriotism must be associated a real feeling for others... We must not forget that we have to teach a great lesson to the world... religion and philosophy..." - Swami Vivekananda | ||
| Bushu Side Hero Username: Bushu Post Number: 6300 Registered: 04-2009 Posted From: 24.61.12.115 Rating: N/A |
LOL. okay. balupu s/o gelupu | ||
| Vjavasi Hero Username: Vjavasi Post Number: 10928 Registered: 11-2009 Posted From: 24.248.216.135 Rating: N/A |
whose making?....foolishly went for a blast before assessing the reality.....also the economic direction was flawed | ||
| Bushu Side Hero Username: Bushu Post Number: 6299 Registered: 04-2009 Posted From: 24.61.12.115 Rating: N/A |
avi kooda choodali but these two are key. they determine and control if a country can get into a mess. balupu s/o gelupu | ||
| Tilak Hero Username: Tilak Post Number: 12630 Registered: 02-2012 Posted From: 117.195.242.40 Rating: N/A |
The biggest thing ppl fail to credit Vajpayee govt on economic front is - it started off with "economic sanctions" of the entire world in 1998 and in 1999 - we faced a war, 2001 - Kutch earth quake and Operation Parakram, 2001-03 huge drought .. its been very very eventful .. PS - these are not excuses, but facts that very much influence economy!
absolutely .. also .. deficit ni .. 2.5% of budgeted amount daatakunda manage chesaru .. which helped India get great credit ratings and loans for less interest ... which percolated into national markets and loans were available to common man easily at low rates .. which thrived entrepreneurship .. simplistic ga matladi undachu .. but I think these are facts .. but corrections are welcome "India must conquer the World and nothing less than that is my ideal" || "...with patriotism must be associated a real feeling for others... We must not forget that we have to teach a great lesson to the world... religion and philosophy..." - Swami Vivekananda | ||
| Vjavasi Hero Username: Vjavasi Post Number: 10925 Registered: 11-2009 Posted From: 24.248.216.135 Rating: N/A |
Vajpayee govt better compared to MMS but substandard on many fronts compared to PVNR | ||
| Vjavasi Hero Username: Vjavasi Post Number: 10924 Registered: 11-2009 Posted From: 24.248.216.135 Rating: N/A |
economic strength anedhi just inflation , current account deficit to decide cheyyalem ani naa feeling........i will look for increase in GDP, purchasing power and employment growth rate | ||
| Bushu Side Hero Username: Bushu Post Number: 6298 Registered: 04-2009 Posted From: 24.61.12.115 Rating: N/A |
Mostly for Tilak and Vjavasi if you want a comparison to the ABV govt and the MMS govt. look at the inflation and the current account deficit numbers here. in comparison with china and the US. BJP is the party of banias - anedhi true. Indian business climate will change with them. inflation - http://i.imgur.com/lgpzrcz.jpg . current account - http://i.imgur.com/bwaM1ES.jpg briefly, current account (exports - imports) needs to stay at < -5% .. look at how it dropped soon as cong took power in 2004. and when the IT boom was in full swing.balupu s/o gelupu |
