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'Inflation under control' is the best part of Indian economy at presentm.economictimes.com/news/economy/policy/inflation-under-control-is-the-best-part-of-indian-economy-at-present-believe-34-of-et-budget-survey-respondents/articleshow/111834785.cms
1489 sats \ 10 comments \ @Coinsreporter 18 Jul econ
As Nirmala Sitharaman gears up to present the Budget, scheduled for July 23, let's have a look at what the Budget Survey by ET Online said about the good, the bad, and the ugly of the Indian economy at the moment. The good, surprisingly, is that 'inflation is under control', the bad part is the global uncertainty and coalition politics. The ugly, and predictably, is India’s jobless growth.
Over 34 per cent of respondents believe that inflation being under control is the best thing about the Indian economy at the moment. More than 29 per cent of respondents opted for the country's healthy forex reserves as a key strength. Nearly 24 per cent chose the healthy balance sheets of businesses, while 12 per cent appreciate the ease of doing business in the current economic climate.
How do they say that inflation is under control? Food items prices such as onions and tomatoes have increased many folds. Pulses and grains all have increased considerably. Rents are way too much in big cities. People are not getting paid enough! Where's the negative picture?
What do you say?
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34 sats \ 3 replies \ @TomK 18 Jul
part of the Indian economy is definitely under fire. i think the inflation is not only due to the expansionary monetary policy but may also be imported commodity inflation due to massive investment demand. But on the whole, the growth story there seems to be right. Above all, I like how India is positioning itself as a swing state between the two big blocs, the BRICS and the G7 - they are simply too powerful economically and politically to be ignored by either side and I think they will be able to monetize this completely in the future
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45 sats \ 1 reply \ @Bell_curve 18 Jul
Half the workforce is in agriculture
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13 sats \ 0 replies \ @TomK 18 Jul
In contrast to China, India seems to be approaching its transformation in a more natural and homogeneous way. This should perhaps also somewhat reduce the social volatility that China has repeatedly and violently suppressed in the past
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45 sats \ 0 replies \ @Coinsreporter OP 18 Jul
I agree. The growth story is right but to say that inflation is under control is a lie. India's geographic position has always been helpful in maintaining its status as a swing state apart from being economically and politically sound. The biggest factor that's driving this growth is, I assume, India has massive workforce and that's ready to work 6 or 7 days a week.
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21 sats \ 1 reply \ @TNStacker 18 Jul
Fiat economies are a confidence game. If they can get consumers to expect less inflation, people will behave in a way that reduces the rate of price inflation. At least that is what they tell themselves.
Remember cutting inflation is not cutting prices. That is deflation or disinflation.
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32 sats \ 0 replies \ @Coinsreporter OP 18 Jul
Right. They make us believe and we behave accordingly. It's true that even democracies have so much slavery!
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22 sats \ 1 reply \ @BitcoinAbhi 18 Jul
Food items prices such as onions, potatoes and tomatoes have increased many folds. Pulses and grains all have increased considerably. Rents are way too much in big cities. People are not getting paid enough.
Agree.
All figures and reports are fake. When investigation is done on the ground level we will find out what is going on.
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11 sats \ 0 replies \ @Coinsreporter OP 18 Jul
Yes! They aren't going to sleep tonight! You've asked an investigation! Anyways, there's so much lying about inflation that sometimes you just believe them to be real!
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0 sats \ 0 replies \ @SatsMate 19 Jul
What we need is to not look or rely on statistics from economists that work for the government/government department of that country. Then it is all skewed and we are lied to about the situation whether it be Russia, India, USA or England.
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0 sats \ 0 replies \ @Satosora 19 Jul
It is all relative. Depending on the data that you use.
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