Tuesday, February 10, 2015

Cooking up economic growth figures !!

India trying to "china-tise" its GDP growth estimates from 5.5% to 7.4% overnight !!

What was the necessity for the indian finance minister to do this, for some cheap electoral oxygen. Anyway the India juggernaut is trudging along and it is going to lead the world, nobody need have any doubt on this !

Whatever be the measurement parameters and the base year, let the economy grow ! Cooking up results for temporary showoff may not be good in the long run !

We may run into a bigger predicament borrowing more and end up as the world's largest debtor nation overtaking the US !!

http://m.hindustantimes.com/business-news/gdp-expected-to-grow-7-4-in-2014-15-based-on-new-formula/article1-1315159.aspx

Ge..

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