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India Shining ......... (lol)

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And here is another one.

 

http://indianexpress.com/article/business/economy/indias-gdp-growth-rate-may-be-overstated-us-report-2898199/

 

India's GDP Growth Rate may be overstated: US Report

 

As I mentioned "It does not add up" -- excerpt below

 

 

India’s decent economic growth figures don’t match other high-frequency indicators like falling exports and imports, and low industrial output expansion and credit growth.

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As I mentioned "It does not add up" -- excerpt below

 

 

India’s decent economic growth figures don’t match other high-frequency indicators like falling exports and imports, and low industrial output expansion and credit growth.

 

This is their MO; lie your way to success. It can work in boom times with the first world economies but not in a stagnant environment. You can lie and get investors to invest when money is plenty and cheap but when belts are tightening everywhere investors want to see real numbers. Chaiwala is failing to deliver beyond the initial foreign visits where he made it look like everyone from Obama to Abu Dhabi sheiks were ready to pour in 100s of billions into India. Now they have to cook the books to save their skin in the elections. What can a common stupid voter know or judge about 7% growth? They will still eat the same piece of bread and defecate in the open. However, it works wonders for the ego when newspapers, media, and Bollywood is feeding everyone a diet of first world false achievements. I have a suspicion that if numbers were scrutinized closely, India's economic indicators would compute much worse than as reported in world-book, etc. 

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The source:

 

 

ASIA'S BEST MINDS Is India Lying About Its World Beating Economy? American Enterprise Institute’s Derek Scissors says India’s desire to report faster growth trumped accuracy.
 
March 5, 2017 10:08 p.m. ET

India just announced its October-December GDP figures, supposedly showing it is still the fastest-growing major economy. You should not believe it. Every quarter there are questions about India’s GDP, with this one no exception. But there is a bigger problem: India refuses to publish the full GDP series, so that the world may not be able to trust the Indian government’s claims at all.

Economic growth should be measured by personal or household income. Instead it is measured by GDP, an accounting tool far more relevant for top-down planners than ordinary people. This is hardly India’s fault, but India has done a small bit to make the problem worse.

In January 2015 India revised recent GDP growth figures higher, among other things raising the fiscal year 2013-4 gain from 5% all the way to 6.9%. It is at this point the fastest-growing economy boasts began. Questions about the revision were raised immediately, including by current Indian government officials, because purportedly faster GDP did not fit with many other indicators. (It still does not.)

 

ON-CA583_dereks_DV_20170305214237.jpg

Derek Scissors

 

Since then, however, the new series has become widely used. While the Indian government argues that it better matches global practices, it manifestly fails to do so in an indispensable respect. The back series – the necessary base for calculations of ongoing GDP growth – has not been published more than 2 years later. Technically, we do not know India’s GDP in 2010, or anytime earlier.

The back series was first to be published December 2015, then mid-2016, and now has no apparent due date and will not be complete. The “globally accepted” new approach therefore makes it impossible to assess India’s GDP trajectory, potentially important information for a country aspiring to rapid development.

The best way to proceed in this case was to start from the beginning, applying the new method to a base year as far in the past as possible and generating new data forward from there. The obvious question is how India determined growth when earlier years could not serve as a base? The answer is unfortunately political: the government’s desire to report faster growth trumped accuracy. 

It all may sound familiar. India seemingly always has an eye on China. If China pulled a stunt like this, its “world-beating” claims would be roundly ridiculed. India initially had the benefit of the doubt because it is a multi-party democracy with a competitive press. Those are very good reasons, but not good enough. One benefit of an open society is transparency, and the Indian government is being opaque in self-interested fashion.

India had a poor reputation for statistics quality before the GDP revision. It just revised a GDP growth figure from 7.2% all the way down to 6.5% for Q415.There are other, crucial statistics practices, for example concerning rural electrification, that are clearly biased in the government’s favor. In this context, hiding past GDP looks like a continuation of previous behavior.

The central government is willing to offer such detail as revisions to the initial advanced estimates for future GDP growth. We obviously do not have measurements for the future yet, yet the government can generate a figure. What it cannot do is generate GDP for the past, when all measurements have been completed.

The GDP revision is a complex matter and the government has sound responses to some criticisms. But this part is simple: if you cannot even apply your own methodology to the past, why should anyone believe you can apply it properly to the present and future? The government is annoyed with ratings agencies for failing to see India’s progress. It should look in the mirror and properly document a basic element of that progress.

Most people from pluralist open societies want to see pluralist, open India do well. For now, however, India has the same level of economic credibility as a country like Vietnam (which publishes GDP results even before the year ends). World-beating growth? Maybe. Or maybe poorly founded quasi-propaganda.

 

 

Derek Scissors is a resident scholar at the American Enterprise Institute (AEI), where he studies Asian economic issues and trends. In particular, he focuses on the Chinese and Indian economies and US economic relations with China and India. He is author of the China Global Investment Tracker and the Chinese Investment in the US Dataset.

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Based on above, I would take Pakistan's hard 5% growth over their "world beating" numbers any day, any time!

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Unfortunately, Pakistan has its own financial engineers, likes of Dar who reportedly ordered our growth rates to be shown better than they were. Admittedly, perhaps not as bad as Indians, who live in fantasy land of imagined greatness.

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This serves Pakistan's interests quite well, let them continue to try and fool the world via false tenders for large purchases and lies about economic growth. All a ploy to convince the world that they are major players. We need to just catch up.

A Khan and asaracen like this

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Good that he got that clarified, we cant have people thinking he assaulted him with his hands, physically touching him. He is Shiv Sena so what else can be expected. Other airlines should also ban him.

 

 

India's major airlines ban Shiv Sena MP after slipper assault on steward
 
Air India employee beaten up on plane by Ravindra Gaikwad after MP was given an economy seat instead of business class
 An Air India plane
 
Gaikwad said he hit flight attendant Shiv Kumar 25 times with his slipper on the Pune to New Delhi flight on Friday. Photograph: Kevin Frayer/AP
 
Friday 24 March 2017 02.34 GMT Last modified on Friday 24 March 2017 11.27 GMT
An Indian politician has been banned from flying on most of the country’s major carriers after admitting he used a slipper to thrash an Air India steward.
 
Ravindra Gaikwad, an MP in India’s lower house for the Hindu nationalist Shiv Sena party, claimed the attendant had insulted him on the Pune to New Delhi flight.
 
“What did he say, that I hit him with my hand? I hit him 25 times with a slipper,” an unrepentant Gaikwad told ANI news agency in video footage it posted on Twitter and aired on Indian news channels.
 
“I am booked on a 4pm flight to Pune,” he said on Friday morning. “I will take that flight. How can they not let me travel when I have a booking and I am their passenger.”
 
But the airline said later in the day that it had cancelled the MP’s return flight, local media reported. He had also been banned from flying on any member airlines of the Federation of Indian Airlines, the Press Trust of India said.
 
The dispute appears to have been started after Gaikwad bought a business class ticket but was given an economy seat for the Thursday morning flight to India’s capital.
 
After first complaining to an air steward, Gaikwad, who represents a constituency in the western state of Maharashtra, then got into a heated argument with the senior flight attendant, Shivkumar.
 
“[The steward] said ‘I will complain to [indian prime minister Narendra] Modi’, so I hit him,” said Gaikwad. “Should I have to listen to this abuse?”
 
Shivkumar, 60, later said the MP had humiliated him in front of the crew. “He misbehaved with me, he even broke my glasses. I never expected this could happen ... God save our country if this is the culture and behaviour of our MPs.”
 
Politicians from other parties condemned Gaikwad’s actions and the video was shared widely on social media, many pointing to the footage as an example of the entitlement mentality of some Indian powerbrokers.
 
Agence France-Presse contributed to this report
 

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All that talk of India having committed $500 million for Chabahar, India releases mere $20 million in Feb 17. At this pace it would be 2030s before the port becomes fully functional, if it ever does?

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We are talking about the Hindu Baniya which is one of the most greedy species on this planet. Getting even one dollar from them would be like trying to squeeze a drop of water out from a stone. History of thousands of years clearly shows that this species is an expert liar. In fact, ancient hindu philosophy and religious books strongly advocates using "Lying and Deceit" as a weapon to be successful. This is not fiction but facts. One just has to pick up one of their so called ancient books to see what I am saying.

 

Just imagine a whole religion based on the art of "Deception and Lying".

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We are talking about the Hindu Baniya which is one of the most greedy species on this planet. Getting even one dollar from them would be like trying to squeeze a drop of water out from a stone. History of thousands of years clearly shows that this species is an expert liar. In fact, ancient hindu philosophy and religious books strongly advocates using "Lying and Deceit" as a weapon to be successful. This is not fiction but facts. One just has to pick up one of their so called ancient books to see what I am saying.

 

Just imagine a whole religion based on the art of "Deception and Lying".

 

Lets keep religion out of this, agree with the sentiments, but lets keep the forum quality up

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Good that he got that clarified, we cant have people thinking he assaulted him with his hands, physically touching him. He is Shiv Sena so what else can be expected. Other airlines should also ban him.

 

 

India's major airlines ban Shiv Sena MP after slipper assault on steward
 
Air India employee beaten up on plane by Ravindra Gaikwad after MP was given an economy seat instead of business class
 An Air India plane
 
Gaikwad said he hit flight attendant Shiv Kumar 25 times with his slipper on the Pune to New Delhi flight on Friday. Photograph: Kevin Frayer/AP
 
Friday 24 March 2017 02.34 GMT Last modified on Friday 24 March 2017 11.27 GMT
An Indian politician has been banned from flying on most of the country’s major carriers after admitting he used a slipper to thrash an Air India steward.
 
Ravindra Gaikwad, an MP in India’s lower house for the Hindu nationalist Shiv Sena party, claimed the attendant had insulted him on the Pune to New Delhi flight.
 
“What did he say, that I hit him with my hand? I hit him 25 times with a slipper,” an unrepentant Gaikwad told ANI news agency in video footage it posted on Twitter and aired on Indian news channels.
 
“I am booked on a 4pm flight to Pune,” he said on Friday morning. “I will take that flight. How can they not let me travel when I have a booking and I am their passenger.”
 
But the airline said later in the day that it had cancelled the MP’s return flight, local media reported. He had also been banned from flying on any member airlines of the Federation of Indian Airlines, the Press Trust of India said.
 
The dispute appears to have been started after Gaikwad bought a business class ticket but was given an economy seat for the Thursday morning flight to India’s capital.
 
After first complaining to an air steward, Gaikwad, who represents a constituency in the western state of Maharashtra, then got into a heated argument with the senior flight attendant, Shivkumar.
 
“[The steward] said ‘I will complain to [indian prime minister Narendra] Modi’, so I hit him,” said Gaikwad. “Should I have to listen to this abuse?”
 
Shivkumar, 60, later said the MP had humiliated him in front of the crew. “He misbehaved with me, he even broke my glasses. I never expected this could happen ... God save our country if this is the culture and behaviour of our MPs.”
 
Politicians from other parties condemned Gaikwad’s actions and the video was shared widely on social media, many pointing to the footage as an example of the entitlement mentality of some Indian powerbrokers.
 
Agence France-Presse contributed to this report
 

 

 

Are our MP's any better?

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Nope its the same entitled attitude, the same bunch of arrogant picks here as well. They walk around thumping their chest as Pakistan was given to them in their inheritance. Sole cause for this is illiteracy and ignorance.

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Good commentary above.  Our folks should also pay heed to good advice:

 

"Muscular diplomacy is good only for grandstanding in front of the semi-literate domestic audience of ultra-nationalists.  It is otherwise a futile exercise in the contemporary world setting of multipolarity."

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India doesn’t have meta level startups such as Google, Facebook or Twitter. On the other hand, China, with whom India often compares itself, built its own Google named Baidu and Alibaba displaced Amazon.

 

New Study Finds 90% Of Indian Startups Will Fail Because Of Lack Of Innovation

https://www.forbes.com/sites/suparnadutt/2017/05/18/startups-in-india-fail-due-lack-of-innovation-according-to-a-new-ibm-study/#693f2d52657b

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Looking at Indian Army track record, what this man is saying is a fact:

 

Indian army can abduct, rape woman, says Indian politician 
 
Kodiyeri BalaKrishnan, a leader of Communist Party of India, has said Indian army was free to abduct and rape women if given additional powers, a day after defence Minister Arun Jaitley said armed forces have been given a free-hand to take decision in “war-like situations”

According to Indian media, the Communist Party Kerala Secretary courted controversy by his “shocking remarkrs” against country’s armed forces.

"They (army) can do anything to anybody. If they see more than four people standing together, they can shoot them...They can take any woman and rape her, nobody has the right to question them. This is the state wherever the army is," Balakrishnan was quoted by local media as saying.

 The Indian army has long committed atrocities in occupied Kashmir, killing thousands of people in the Valley.

An Indian army officer recently tied a Kashmiri man to his jeep to use him as a human shield against stone pelting protesters.

Instead of punishing the officer, Indian army chief honored him for the act that drew strong criticism from human rights activists and Kashmiri politicians.

https://www.thenews.com.pk/latest/206810-Indian-army-can-abduct-rape-woman-says-Indian-politician

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Looking at Indian Army track record, what this man is saying is a fact:

 

Indian army can abduct, rape woman, says Indian politician 
 
Kodiyeri BalaKrishnan, a leader of Communist Party of India, has said Indian army was free to abduct and rape women if given additional powers, a day after defence Minister Arun Jaitley said armed forces have been given a free-hand to take decision in “war-like situations”

According to Indian media, the Communist Party Kerala Secretary courted controversy by his “shocking remarkrs” against country’s armed forces.

"They (army) can do anything to anybody. If they see more than four people standing together, they can shoot them...They can take any woman and rape her, nobody has the right to question them. This is the state wherever the army is," Balakrishnan was quoted by local media as saying.

 The Indian army has long committed atrocities in occupied Kashmir, killing thousands of people in the Valley.

An Indian army officer recently tied a Kashmiri man to his jeep to use him as a human shield against stone pelting protesters.

Instead of punishing the officer, Indian army chief honored him for the act that drew strong criticism from human rights activists and Kashmiri politicians.

https://www.thenews.com.pk/latest/206810-Indian-army-can-abduct-rape-woman-says-Indian-politician

Its quite common in the land of bhookas & nangas aka milk and honey..  So long the call girl servers western interests who cares.​

https://www.google.ca/search?q=assam+indian+army+rape+us&source=lnms&tbm=isch&sa=X&ved=0ahUKEwiHmNzHmpHUAhWB8oMKHWSvAIsQ_AUIBigB&biw=1558&bih=858

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