'Possible only if corruption is reduced'
Previous: 'If China can do why can't India?'
Thu Dec 5 18:30:49 2002
Name:karhtikeyan,deepak
Email:lovebichu@rediffmail.com
Your Views:for 8% growth we need high productivity from the core sector, high FDI and NRI inflows, high investor confidence and high trading volume.exports in core sector should increase.IT sector should grow at more that 60% bcos it will contribute a lot towards growth. agriculture should be given higher importance and high quality products should be aimed at. non conventinal farming such as horticulture and fisheries should be encouraged. disinvestment of loss making psu's should be completed within 6 months and private participation must be encouraged. subsidies should be reduced and NPA's recoverd. taxation should meet the marked demands, infrastructure development should get high priority. education should be given more importance. for achieving 8% we need all round growth and above all politicians should allow us to grow. i dont think that any politician even understands what 8% growth is except a knowledgable few..and one easy way of doin this is make politicians accountable. form parliamentary committee for growth monitoring in every sector and make them accountable if that sector does not grow faster.even i have the dream of seeing my country grow richer. will my dream come true.
Thu Dec 5 18:34:34 2002
Name:Shankar
Email:shankar_s_indian@rediffmail.com
Your Views:India is all set to reach it's target of 8% GDP. Outsourcing projects are getting more & more per year. Our economy is also little stabilised now. The growth of call centres are also increase the growth rate. After the great civil, mechanical & probably IT revolutions are getting over, the next revolution which can happen in the near future is outsourcing revolution. India is already ahead of so many competitors in this field. So, it's not a totally unreachable one. We will fight it out for 8% GDP. India is having that capability to reach this goal.
Thu Dec 5 18:37:53 2002
Name:Rajiv
Email:rajivksh@niit.com
Your Views:Yes, the 8% growth is very much possible provided the poltical policy makers remain commited to the reponsibilities they are assigned. What is the serious thinking which George Fernandes says needs to be done in case of disinvestment? There are more such examples.. that spoil the sentiment of FDI abroad. I think our political policy makers need to see the India from outside world.
Thu Dec 5 18:37:54 2002
Name:Manoj Kumar
Email:manojk@soton.ac.uk
Your Views:Everything is possible in india.India can achieve a growth rate of more than 8% provided politician stop taking commission and spend money allocated properly.Decision making process must be fast and efficient.
Thu Dec 5 18:38:30 2002
Name:rakesh kumar
Email:rakesh201301@yahoo.com
Your Views:8% growth rate is possible in light of falling interest rate which will make the recycling and turnover of capital more efficient along with factors like greater imphasis on total quality , production& people efficiecy and sustainable suply chain will put the disired thrust. But administrative lack of initiative and blockade coupled with political wish list of state and continued high inertia to change management still put big question mark that do we really care for ourselves to give us the best?
Thu Dec 5 18:38:46 2002
Name:Neelkanth Mehta
Email:aruneel@vsnl.com
Your Views:GDP growth @8% is possible and is also sustainable over a the next two years. We need to do only two things. (1). Eliminate waste. and (2). Stop politisizing the developmental steps taken by our our economists and ministers. India has a huge manpower and a high knowledge bank that can move the jiant wheels on economy. Efficusy is lost in proving one's point right. This only increses entropy.
Thu Dec 5 18:43:26 2002
Name:Kali Prasad
Email:msrkaliprasad@rediffmail.com
Your Views:Its a noble thought of our Prime Minister.
Thu Dec 5 18:43:52 2002
Name:Mohan Kulkarni
Email:mhkulkarni@ccilindia.co.in
Your Views:The estimated growth of 8% is definetly a dream given the political bickerings and no control over the non plan expenditure which results in the ever widening fiscal deficit. The economy is likely to turn to pink in view of improvement in some sectors. The government can provide support with implementation of further financial sector reforms and dis investment of public sector undertakings which will inturn help in reduction in the size of the cabinet and cut down the red tape in the functioning of the government. These measures would bring money into india by way of direct investment and investment in the capital market which would inturn lead to growth in the manufacturing sector. If the intentions are really good without greed for power, India can maintain a growth rate of 8%. Otherwise it will remain a dream and the growth figures may be required to revised with every half-yearly review.
Thu Dec 5 18:43:58 2002
Name:Binu
Email:bjoseph@tcg-software.com
Your Views:India can never achieve GDP growth rate more than 6% with this kind of policitian and polical system.
Thu Dec 5 18:46:11 2002
Name:Sanjiv Kanwar
Email:sanjivkanwar@yahoo.com
Your Views:yes, if we take out the officialdom and the political class out of business.but that can never happen in India, so we will continue to grow at 5% and feel good about it that this is one of the higher growth rates in the world notwithstanding the fact that the other countries even if they grow at 2% per annum are growing from much higher economic base than India. India unfortunately will continue to be a rich country inhabitated by poor people.
Thu Dec 5 18:55:08 2002
Name:Sabareeshan C.K.
Email:sabareesh@eth.net
Your Views:I feel political bickering is the biggest hurdle to achieve this goal. Unless the party that comes to power the next time has the requisite majority to carry the reforms forward, the GDP growth rates will be well below the goal. While the issues relating to the border are not knew, the failure of the monsoon one year should not be of a great impediment to growth. Perhaps this country cannot afford democracy to become a hurdle to growth. China has succeed because of their political dtructure.
Thu Dec 5 18:57:02 2002
Name:atul sharma
Email:sharma.atul@emeryworld.com
Your Views:Everyone is talking of this figure of 8% out of thin air. ..how we will achieve what we have never done ever in our history seems to be a minor issue. Given the present state of affairs in the economic thought and action of our polity, which show no perceptible signs of change attuned to such lofty aims , I think this is unadulterated nonsense.
Thu Dec 5 19:00:11 2002
Name:Vikas Mohan
Email:vikmohan@hotmail.com
Your Views:I think India's economy is by and large in a very healthy state. The good about our economy is that to a large extent, it is self reliant and self generating. This is in contrast to some other countries which, although record better rates of GDP growth, still lie on a slippery slope due to dependence on exports. India should expand her economic pie by ways of foremost developing infrastructure. Also, we need to broaden our tax base and see to it that, that our shadow economy is minimalised. Now, with new energy related discoveries in oil and gas, we can reduce our dependence on imports of these commodities. Last but not least, we should not be so hungup on exports and let the rupee appreciate via its natural course. In conclusion, India might be an economic elephant, but it is very much in the American mould of the early 1920's and 30's.
Thu Dec 5 19:02:37 2002
Name:Abhishek
Email:abs_popeye@yahoo.com
Your Views:I think it is possible for India to attain the growth rate of over 8 % for its GDP, but it will need in some urgent cost cutting steps taken by government to lower its fisical deficit in cotrollable limits, and moreover overall situation regarding to inviting FDI and sale of debt ladden PSU should be improved.
Thu Dec 5 19:03:32 2002
Name:Jitesh Menon
Email:jm@hotmail.com
Your Views:Impossible!!! Not until indian politicians continue to use public sector units as their family heirloom. It is not in the best interest of politicians to privatise industries in india , because they then lose their major source of income. A good economy, an educated and prosperous populace, is a major threat to the careers of majority of politicians who thrive on ignorance.
Thu Dec 5 19:06:55 2002
Name:Yagnesh Desai
Email:yndesai@rediffmail.com
Your Views:8% noway ! But situation is not hopless.
Thu Dec 5 19:11:15 2002
Name:vinaybhandari
Email:vinaybhandari1@yahoo.com
Your Views:Although we see that if India could have manage it's balance of payments efficiently then nobody can create hurdles in our progress but as we see that apart from the developed countries we are creating reserves for the contigencies which gives us a ray of light to clear up our uploads. India should create such a system so that they should be no requirements of these reserves, the same as developed countries as America is doing. If the currency of a nation is strong then it can do anything. So India should try to minimize it's fiscal deficit and should bury this in the depth of ocean, then and only then we can achieve any growth rate with respect of GDP
Thu Dec 5 19:14:12 2002
Name:vinay rajpal
Email:net_freaks@hotmail.com
Your Views:anything is possible problem lies not in growth but in systems ...the politics the red tapism ..its the story of indian crabs if ones going up pull him down . indian economy and industry can grow not at 8 but more than that but the story is that 8 is bieng ATE by middlemen by politicians.simple thinks like water and food (abundance of which rots in granneries ) are controlled by power hungry people at all levels .impliment military rule for 2 years and you will see growth .fear is to be instilled in peoples mind specially those who work in government that you do whats right and if you do not be prepared to pay for mistakes .what growth will one see in a country where minorities are bieng pleased to gain votes ..where money is bieng showered on a state (J & K )and not bullets to keep the enemy away .the finance ministry himself is a puppet in the hands of the big business houses industrialists who mould the laws to suit their needs and we talk of growth .we are living in what i would term as a controlled economy where rich get richer and most of things are controlled by few at top .we can grow 8 % and more but when we dont have courage to attack what grow
Thu Dec 5 19:15:05 2002
Name:Manoj Patil
Email:manoj_paa@rediffmail.com
Your Views:I do think it should manage at least 6.5. There are very high hopes from the core Industrial Segment like Cement, Petro and Steel. Reliance is ambitious about its new telecom tarif. Auto industry is also picking up. So overall there is lot of confidence building in the economy may be a bit slower. But its sure that the GDP will be on the upward track now.
Thu Dec 5 19:20:10 2002
Name:B.K.Joshi
Email:joshibk@sancharnet.in
Your Views:1. The government is nowhere close to achieving the target of 8 percent growth rate. 2. The target is achievable in the medium term provided the government shows sufficient political courage to take some tough measures to (a) reduce the fiscal deficit (b) take decisions in regard to reforms that have been pending for a long time and (c) scrupulously abjure the tendency to give in to populism and try to please all sections at the same time. Obviously this is a tall order in a fractious democracy ruled by a weak coalition consisting of over 20 political parties and presided over by geriatrics who appear to lack any vision except further dividing the nation along the already deeply divisive lines of religion and caste. This is a job that requires statesmanship - a rare quality in these times of Godhra, Gujarat, Ambedkar parks and criminals in politics.
Thu Dec 5 19:21:34 2002
Name:Ali Mohammad Anwer
Email:ali_m_anwer@yahoo.com
Your Views:8% growth is possible if 1. Agricultural income is taxed. 2. Taxation is made simpler in accordance with the Kelkar plan. 3. Defense expenditure and fertilizer subsidy are cut down and and used for healthcare and education. 4. Tax on dividend payment should be totally removed to bolster the capital markets. 5. Another 'green revolution' should be undertaken by employing advanced biotech mehods. 6. Privatization of PSUs should be done as soon as possible. Only defence and some other key areas should remain in the public domain. Now, the million dollar question is, WHO WILL BELL THE CAT?
Thu Dec 5 19:22:33 2002
Name:A S Kulkarni
Email:tucker@vsnl.com
Your Views:8% growth is possible but not with the policies that are followed by the government now. It will come only when 3 conditions are met; 1. There would be no public sector left whatsoever 2. Unions would be derecognised by law. 3. Taxation (direct and indirect) would be minimal with no exemptions and set-offs.
Thu Dec 5 19:23:06 2002
Name:ashu
Email:akg12345@hotmail.com
Your Views:anything is possible for we indian but the only thing we want to understand we should not loose out self esteem and self respect and do what every is necessary to progress don't fall back becuase of other country want so
Thu Dec 5 19:24:32 2002
Name:Ricky
Email:ricky@yahoo.com
Your Views:As long as these corrupt people in every field of indian business are there, i bet india cannot achieve 8% growth rate in GDP. Stop giving excuses.
Thu Dec 5 19:34:37 2002
Name:Rajendra Madhwani
Email:madhwanirk@yahoo.co.in
Your Views:I think 8% GDP growth is a nearly impossible target.It needs a lot of planning.There are several factors which can resist the GDP growth- Increasing imports, Less Exports.
Thu Dec 5 19:39:31 2002
Name:Shibu Varghese
Email:varghese_shibu@rediffmail.com
Your Views:If India can reduce the two biggest burden, the Defense expenditure(Kashmir) and Oil (Fuel Cells) we can have about 10% of the GDP pumped back into infrastructure & grouth.
Thu Dec 5 19:40:03 2002
Name:G V Ramana Reddy
Email:g7reddy@rediffmail.com
Your Views:Unless untill the Government work seriously on the pledge it is not at all possible to achive this projected growth. One side there is a drought through out the year and other side FDI inflows and disinvestment is not up to the mark.
Thu Dec 5 19:44:06 2002
Name:Anupam K. Mitra
Email:pgp17125@iiml.ac.in
Your Views:It is very much possible only if: 1. Tax simplifications are carried out as per Kelkar et al. 2. All controls for foreign investment are removed (except security sensitive area) 3. The Rupee is made fully convertible; a necessary precondition for 2. above. 4. All Foreign Borrowing is immediately FROZEN: NO FURTHERING THE EXTERNAL DEBT TRAP. 5. Huge Expenditure on Education: MISSION: COMPLETE EDUCATION BY 2005.(By 'Complete' education we mean that anyone desiring Education should find Education ACCESSIBLE within 10 Kms (maximum distance a 8 year old can Cycle to school) of his/her home. 5. Stop Incentivizing Poverty: POVERTY IS A SIN. 6. Remove RBI Regulations on Capital Allocation by Banks. 7. Remove Tariffs and Imports duties to Comparable levels (following Kelkar et al). In other words let Capital & Goods move freely across borders and within the Nation dictated only by Risk Return trade-offs.
Thu Dec 5 19:46:18 2002
Name:tony
Email:tonyjohnt@rediffmail.com
Your Views:According to my view 8% GDP growth cannot be achieved. It's simply a misleading statement made by the Mr.Singh because taking into all the situations prevailing in the economy this is impossible. The GDP will around at 5.5% only. This type of predictions should only be given by experts. Lastly optimism is always a good thing.
Thu Dec 5 19:46:45 2002
Name:Abhijit N
Email:abhijitn@rediffmail.com
Your Views:Yes, it is possible. The real question is what is sustainable. In reality give the geopolitical and economic mess in the country, 2-3% is sustainable rate. What we are forgetting is that its not just our situation but competing countries situation that also determines what we can achieve. My belief - long term sustainable grwoth rate for India will be 2-3%
Thu Dec 5 19:47:26 2002
Name:nilesh
Email:nil007@rediffmail.com
Your Views:Sir,personally i feel the day on which u ll be able to reduce the gap between poor and rich people this country will reach to somewhere around all great G7 nations so our infrasture muct be strong so our dear finance minsiter should work more on making infrastructure healthy rather than working on other things. thanking you nilesh
Thu Dec 5 19:48:50 2002
Name:Srinivas
Email:ceenu111@rediffmail.com
Your Views:we can achive tihs target.. provided, there is some stability at the center
Thu Dec 5 19:49:21 2002
Name:Sol Pao
Email:solpao@hotmail.com
Your Views:The saving rate is just about 25%, comparing with China's 40%, it's too low. Althogh India fundamentalist may hurt FDI, but mass power may also be used to be contructive. Anyway that can increase private investment is good for India.
Thu Dec 5 19:49:45 2002
Name:Niranjan R
Email:niran101@rediffmail.com
Your Views:Yes, definitely. The RBI and the ministries are doing it right and straight. If India lacks anywhere in the path to growth, it might be in the mindset of the people who think otherwise. The "WE" factor brings not only 8 but more than that anyday. The fiscal deficits and monetary tensions are slowly becoming things of the past. I personally wish India All the BEST.
Thu Dec 5 19:51:11 2002
Name:kavindra_verma
Email:kavindra_verma@yahoo.com
Your Views:monsoon failure could create harm had it sustained for long. Itis expected with abroad global market it may catch up upward trend.stress is needed on an expansion of infrastructure.
Thu Dec 5 19:52:44 2002
Name:Malay
Email:malayruparel@yahoo.com
Your Views:With delay in disinvestment plan, it seems almost impossible to achieve the target of 8 % GDP growth
More: 'Faster privatisation, cutting red tape most important'
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