It is a very heartening news from the world's best economic magazine to read that India grew faster than China last year ..
http://www.economist.com/node/18586836
The basic flaw is that India calculates its GDP on income, while China and other countries calculates it on expenditure, with the result that all taxes and subsidies also get added in the process. If India were to include taxes and subsidies, IMF claims that India's GDP has grown by 10.36 % compared to China's 10.3 %.
Hope this anomaly is rectified and growth trajectory goes flying in the coming years, which is good news to India and the world !!
ge..
Subscribe to:
Post Comments (Atom)
My popular posts over the last month ..
-
These malayalam proverbs (invaluable diamonds of wisdom) have been collected from eyyal.blogspot.com and other sources on the Intern... -
Taj Hotel under attack .. Sandeep's mother touching her son one last time .. Sandeep's mother faints on seeing her son... -
Learning from history is the most gainful thing anyone can do ..!! From history we learn a lot of things and in turn, we become history to... -
These are photographs of North Kerala,(Malabar region ) taken by missionaries from Basel Mission around 1892 - 1930. The original title a... -
Chipko movement heroines hugging trees, 26 March 1973, courtesy The Hindu It was in 1730 AD that Amrita Devi Bishnoi along with ... -
The key skills used to make Innovation happen are a. empathy with the people who experience those needs, b. creativity in coming up with...
-
TM Varghese statue at Kesavadasapuram juntion in Trivandrum The epitaph .. Recently when I visited Trivandrum, Kerala, I got d... -
When Dr Thomas Varghese trained at the Tata Memorial Cancer hospital in Mumbai and developer of the Varghese technique in cancer surgery, ... -
On 13 April 2024, for the Alliance School of Business, Bangalore, India BBA sem 6 subject of Green Energy and Sustainability, a role play of...
-
Johnathan Chung Sign out Johnathan Chung - Feb 10, 2012 (edited) - Public Over 200 Free Online Educational Resources (v.2.3)...
No comments:
Post a Comment