Indus-ian
Indus-ian t1_j6nfkp9 wrote
Reply to comment by SentientHotdogWater in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
Can’t compare countries with different levels of growth and in different phases.
Socialism is a rich country’s economic model. One has to reach sufficient levels of prosperity and wealth to start dabbling in that
Indus-ian t1_j6nf9fe wrote
Reply to comment by SentientHotdogWater in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
I didn’t claim an immediate prosperity from a colonial rule.
I can’t really fault the economic policies from independence to around 60’s. What caused the slow growth was a bunch of economic policies that included nationalisation in the 70s. That crippled the economy and almost went bankrupt in late eighties and nineties.
Indus-ian t1_j6nbyzc wrote
Reply to comment by SentientHotdogWater in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
It is strange that every economic metric shows open economy improved the quality of life for the poor and lifted them from poverty but somehow economic growth is the problem here
Indus-ian t1_j6nbqr8 wrote
Reply to comment by SentientHotdogWater in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
Yes the colonial occupation was the biggest cause. But when India got independence it could have charted a better economic model for faster prosperity.
Indus-ian t1_j6moc9d wrote
Reply to comment by hansobolo in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
Okay I think at this point you’re trolling.
Sorry that you find Indian poverty reduction so troubling. Scratch that, not sorry at all. Happy to see you upset
Indus-ian t1_j6mnw75 wrote
Reply to comment by hansobolo in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
There are charts which plot how many people were pulled out of poverty, it has consistently been on the increase over the years. Way more than when india was wallowing in socialist policies.
https://en.m.wikipedia.org/wiki/Poverty_in_India
> India has achieved annual growth exceeding 7 percent over the last 15 years and continues to pull millions of people out of poverty, according to the World Bank. The country has halved its poverty rate over the past three decades and has seen strong improvements in most human development outcomes, a report by the international financial institution has found. Growth is expected to continue and the elimination of extreme poverty in the next decade is within reach, said the bank, which warned that the country's development trajectory faces considerable challenges.[1
Indus-ian t1_j6mngkz wrote
Reply to comment by hansobolo in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
Because OP asked who does this growth benefit, listing out a few things. Like how a rising tide lift all kinds of boats this high growth should help all sections of the country
Indus-ian t1_j6mk7vv wrote
Reply to comment by Nightshade238 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
India experienced a socialist system for its first five decades which made people poor. With the opening up of economy, lot of people were pulled out of poverty.
But here the focus seems to be wondering why the rich got richer rather than thinking did the poor got better in the same time? The answer is yes.
Indus-ian t1_j6mj6u1 wrote
Reply to comment by Youngerthandumb in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
Did the national income overall increase?
Indus-ian t1_j6mj5hk wrote
Reply to comment by Nightshade238 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
A rising tide lifts all boats
Indus-ian t1_j6ksfts wrote
Reply to comment by humanbot69420 in US to renew efforts to reduce India's oil, military 'dependency' on Russia by Falls_stuff
Man is working with what he got. Hindu nationalists buy Russian oil because of caste. Also huh tech support, 7-11.
Indus-ian t1_j6hs6kz wrote
Reply to comment by perrinlighteyes in US to renew efforts to reduce India's oil, military 'dependency' on Russia by Falls_stuff
You’re right it was a mix. The UK stuff like Folland Gnat are colonial leftover. Mirage 2000 of course.
But those are very less in proportion and expense than soviet weaponry.
Indus-ian t1_j6hk15i wrote
Reply to comment by ComfortableProperty9 in US to renew efforts to reduce India's oil, military 'dependency' on Russia by Falls_stuff
Lol India fought 4 wars with Pak with your equipment and score stands at 4-0.
Indus-ian t1_j6her5a wrote
Reply to comment by NoPriorThreat in US to renew efforts to reduce India's oil, military 'dependency' on Russia by Falls_stuff
Perhaps. So I wouldn’t be so keen on putting my nation’s security in the hands of some guy who represents 50000 people who may not be able to locate india on a map.
If India has to shop around because of them, so be it.
Edit: forgot to add, there is no welcoming here. India has been a democracy for quite a while
Indus-ian t1_j6h6vg0 wrote
Reply to comment by wastingvaluelesstime in US to renew efforts to reduce India's oil, military 'dependency' on Russia by Falls_stuff
True, as it became more prosperous as a country it has started buying from France and Israel especially. The earlier weaponry was a holdover from USSR and not so much Russia per se
Indus-ian t1_j6gldmx wrote
India would certainly like to get closer to the West and buy their weapons. But any random senator or congressman can introduce a bill in the future that can cut the defence ties anytime. As long that sword hangs over the relationship it is difficult to move in that direction
Indus-ian t1_j6nx9b3 wrote
Reply to comment by SentientHotdogWater in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17
That’s a very specific instance of tax cuts which may or may not be applicable elsewhere.