India Economy Thread

[SoulSpokesman]

@r3alist bro

Long winded way of saying they had a real long-term vision, the ability to direct its people to that vision, the ability to execute, the intelligence to execute, and a society that has more meritocracy than discrimination

Yes, indeed. I would be more than willing to admit that PRC has done better than IND because its leaders had a better vision and execution than India, and not because of some thieving by them or some giveaway by the West.

Now, when will you admit that IND has done better in economy in general and in the IT industry in particular because IND's leaders showed better vision and execution than PAK's?

I suspect Never.

Regards

 

[Vikramaditya1]

so, how does one read AGM report, please enlighten me!

I have worked as Interest Rate Bank Book Analyst before, please share your steps or what do you look out, say in a company like Reinsurance Co. or Pharma co?!

really interesting to know!


and dont post AI slop in your reply, as you already have posted so many times before

Irrelevant to the topic at hand.

 

[Vikramaditya1]

Are you saying the imf is wrong or not?or do you not know.



Actual quotes so YOU can learn about benchmarks

***
The IMF highlighted the “use of Wholesale Price Indices (WPI) as data sources for deflators” and noted that because of the “lack of Producer Price Indices (PPI)” there is “excessive use of single deflation,” which “may introduce cyclical biases.”


***
The base year of 2011-12 is “outdated … fails to reflect current production technology and user preferences,” which can lead to “over or underestimating economic activity.”

***

“Going forward, regular benchmark revisions of national accounts, prices, and other key statistics should be conducted according to international best practices


****



Best practices...ahem



On CPi




highlighted that the current CPI base year, items basket, and weights are outdated (2011/12)”.



Items and weights are 10 + years old


Attempting civil discourse with a wall is pointless, you have no clue about the various factors and can't admit it dilutes reliability.

or copium on the revision of the benchmark answering everything, lol.

You sure are persistent. "For price statistics (including CPI), the median rating is B, described as: "The data provided to the Fund have some shortcomings but are broadly adequate for surveillance." So... You still want to press on base year when IMF says the data is satisfactory. Preaching about discourse with a wall but fails to read past the first line.

 

[r3alist]

You sure are persistent. "For price statistics (including CPI), the median rating is B, described as: "The data provided to the Fund have some shortcomings but are broadly adequate for surveillance." So... You still want to press on base year when IMF says the data is satisfactory. Preaching about discourse with a wall but fails to read past the first line.

All you had to say was, the data will get refreshed next time, it's 10 years old and unrepresentative for certain chunks of the economy, but it could still have a positive bump to the GDP, note that I did not suggest any huge downward adjustment.

You will note that IMF paper also made a comment about differing values from different model approaches, indicating greater unreliability in the latest values, they should not have such a big delta between them

I thought you might have overlooked this, and surely you can concede that such old data for any current economic model output is open to question, very reasonably so.

 

[Thinking]

All you had to say was, the data will get refreshed next time, it's 10 years old and unrepresentative for certain chunks of the economy, but it could still have a positive bump to the GDP, note that I did not suggest any huge downward adjustment.

You will note that IMF paper also made a comment about differing values from different model approaches, indicating greater unreliability in the latest values, they should not have such a big delta between them

I thought you might have overlooked this, and surely you can concede that such old data for any current economic model output is open to question, very reasonably so.

A valid point if spoken objectively, don't you think? You especially posted videos of "cartoon" experts who, when when in power, performed worse than dead donkeys. Bunch of "politicians" and glorified "economists". IMF didn't pass judgment, it merely pointed out the problem.

So lets end the debate and wait for "correction". Feel free to participate otherwise, it is Pakistani forum afterall! This thread was dead otherwise!

 

[r3alist]

Chill

Explainer: Making sense of India’s 8.2% growth - and IMF’s ‘C’ on GDP data - The Times of India

India Business News: How strong is India’s economy really, going by the latest 8.2% GDP print?India just reported another head-turning GDP number. The latest data show the.

timesofindia.indiatimes.com

This covers everything. A pretty honest article devoid of typical bs. Once rebasing takes place with updated CPI basket, we will know, won't we? As someone suggested, you can fake many things but not tax collection which is about 450 billion USD (thanks to fluctuating dollar). Unless India is paying more taxes than rich nations, this discussion is pointless.

I don't disagree with the article thrust, who does

 

[r3alist]

A valid point if spoken objectively, don't you think? You especially posted videos of "cartoon" experts who, when when in power, performed worse than dead donkeys. Bunch of "politicians" and glorified "economists". IMF didn't pass judgment, it merely pointed out the problem.

So lets end the debate and wait for "correction". Feel free to participate otherwise, it is Pakistani forum afterall! This thread was dead otherwise!

I don't think the second speaker was a cartoon speaker.

There were two.

 

[Thinking]

I don't think the second speaker was a cartoon speaker.

There were two.

Trust me, they were. Best lies are told around truth. No one in their right mind would think that India can have tax collection as high as 20% of GDP when miniscule number of Indians pay direct taxes and consumption tax is badly represented due to all the corruption. But same expert use rich and transparent countries like Australia (mind you, even USA's tax to GDP ratio is less than 20%, nevermind other wealthy countries) to build a case that India's GDP is far less. Such scum "economists" are more dangerous than any lying politician.

Data is always damning. Under Congress rule tax-to GDP ratio was even less that what it is today and yet none of these "experts" objected to data.

 

[Mighty_Dragon_Strike]

Irrelevant to the topic at hand.

or irrelevant, because, was asked not to consult AI!

 

[Vikramaditya1]

All you had to say was, the data will get refreshed next time, it's 10 years old and unrepresentative for certain chunks of the economy, but it could still have a positive bump to the GDP, note that I did not suggest any huge downward adjustment.

You will note that IMF paper also made a comment about differing values from different model approaches, indicating greater unreliability in the latest values, they should not have such a big delta between them

I thought you might have overlooked this, and surely you can concede that such old data for any current economic model output is open to question, very reasonably so.

Already did in my first post. That the data will get updated in February. This also doesn't mean the GDP data is fake rather we would need to add more sectors. I told you, you can even correlate GDP with electricity consumption and make a guess on the numbers because they follow almost same trajectory regardless of the country.

Also IMF didn't broadly classify the data as unreliable. You perceive it, rather the IMF said the overall data need updating but is satisfactory gave an overall B rating. You picked one C rated data which btw was the same for the last year and before and decided to argue on the varacity of our GDP numbers.

 

[Vikramaditya1]

or irrelevant, because, was asked not to consult AI!

AI is so advanced you wouldn't even know if AI typed it. Most of your information seems to come from AI including what questions to ask. Basically two can play this AI game. But it's pointless you have nothing to debate on topic. Worry about your own country maybe ask AI on how to get your country better. Will save you tokens.

 

[Thinking]

AI is so advanced you wouldn't even know if AI typed it. Most of your information seems to come from AI including what questions to ask. Basically two can play this AI game. But it's pointless you have nothing to debate on topic. Worry about your own country maybe ask AI on how to get your country better. Will save you tokens.

I don't think an intelligence that smart has been created.

Anyways, do you know that if you drop objects from certain height and depending on where they land and their composition, they might break..or not? Ponder on this 200 IQ question!

 

[r3alist]

Already did in my first post. That the data will get updated in February. This also doesn't mean the GDP data is fake rather we would need to add more sectors. I told you, you can even correlate GDP with electricity consumption and make a guess on the numbers because they follow almost same trajectory regardless of the country.

Also IMF didn't broadly classify the data as unreliable. You perceive it, rather the IMF said the overall data need updating but is satisfactory gave an overall B rating. You picked one C rated data which btw was the same for the last year and before and decided to argue on the varacity of our GDP numbers.

Now you are making up your own fake data

I didn't say fake gdp

IMF have said aspects are unreliable, across the piece

10 years old data or more is unreliable implicitly



You still see no reason to doubt

 

[Mighty_Dragon_Strike]

AI is so advanced you wouldn't even know if AI typed it. Most of your information seems to come from AI including what questions to ask. Basically two can play this AI game. But it's pointless you have nothing to debate on topic. Worry about your own country maybe ask AI on how to get your country better. Will save you tokens.

retarded use of AI again!
and irrelevant argumentation


not surprising given your level of IQ

 

[Mighty_Dragon_Strike]

I don't think an intelligence that smart has been created.

Anyways, do you know that if you drop objects from certain height and depending on where they land and their composition, they might break..or not? Ponder on this 200 IQ question!

thats the problem!

Air pressure does not break!

perhaps AI slop wont tell you that ever, no matter how smart it becomes!