reply on: 'Inflation under control' is the best part of Indian economy at present \ stacker news ~econ

34 sats \ 3 replies \ @TomK 18 Jul \ on: 'Inflation under control' is the best part of Indian economy at present econ

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

45 sats \ 1 reply \ @Bell_curve 18 Jul

Half the workforce is in agriculture

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

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.