Can the economy achieve an 8 percent growth rate.

shareczar

shareczar

New member
with most of the analysts rechecking and re rating growth figures of the indian economy from 5.8% to 6.8%.......
can v c the better part with d 100 day action plan of upa on its way....
followed by the higher threats of terrorism....
 
While the optimism is good, there is still sometime before we can see 8pc growth rates. At best 2009 might see GDP in the range of 6.5-7.5 pc. If the trend continues, (and I assume no systemic hiccups around the globe), we can see 8pc plus in 2010.
 
In current economic scenario 8% growth is pipe dream...may be once economy is back on track we can think of 8%!!
 
I don't think it's really a pipe dream... Even under the current situation, GDP growth had been maintained @ 6%+ backed by govt spending in last 2 qtrs. It is estimated that infra bottlenecks cost us approx 1.5% - 2% of the growth. Thru large scale infra projects and targetted subsidization, 8% growth is very much possible.
 
well keeping the optimistic view i think that economy will grow at 7% to 8% and will improve as the world economy comes back on track.
UPA's 100 days plans are good and mostly achievable (as per the analysts) but the thing to see is will they be able to implent them and show the results, which actually matters.
 
it is just impossible to go beyond 7% of GDP growth rate . as mere a 100 days plan will not give any concreate result unless and until there is a will and dedication to achieve.Major econonic indicators had not shown any marked sign of recovery from recession . manufacturing sector and exports specially gems and jewellary , textiles and handloom and handicraft which are major contributor in the total export are still reeling in red . Just reserving a major portion of plan outlay for encouragement and promotion to achieve the 8% growth target is not enough . a consistant to sustain growth level a persistant approach is essential .this will give contineously a good result
 
shareczar said:
with most of the analysts rechecking and re rating growth figures of the indian economy from 5.8% to 6.8%.......
can v c the better part with d 100 day action plan of upa on its way....
followed by the higher threats of terrorism....
Click to expand...

well it can happen. Economy have certainly started showing signs of recovery from a bad phase.
Moreover, we should not forget one major aspect - coming year commonwealth games. Such high level games is its first kind in India and Indian economy will certainly be benefited from it. More money will pump in followed by more employment opportunities and growth for companies. Just a perception. :SugarwareZ-052:
However, terrorism will remain a major concern in such a mega event.
 
Well its hard to predict anything like this as we all know that we also faced the impact of global slowdown. We are growing at rate of 5.8-6 percent which i think is ok at present but we need to work very hard to improve on that. We can expect to achieve 8% growth by Mar-Apr 2010.We can achieve the 8% growth rate but present need is to focus on the manufacturing and services sectors.
8% growth is not a big deal for developing country like India.................
:SugarwareZ-296:
 
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