Shaktikanta Das: India On The Verge Of Major Structural Shift, Poised For Sustained 8% GDP Growth

#ShaktikantaDas #RBIBank #IndiaEconomy #RBIGovernor #SustainedGrowth
Addressing the 188th AGM of Bombay Chamber of Commerce & Industry, RBI Governor Shaktikanta Das says, "India is at the threshold of a major structural shift in its growth trajectory moving towards 8% GDP growth in a sustained manner. We are moving towards an annual growth rate of 8%..." Listen in to know more.
#ShaktikantaDas #IndiaEconomy #GDPGrowth #IndianGDP #IndianEconomy #IndiaGrowth #EconomicDevelopment #Finance #SustainedGrowth #EconomicOutlook #RBI #EconomicNews
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[@duckbizniz663]

I hope what he is saying is true. India is on the verge of major structural shift. Poised to sustained 8% annual GDP growth. This gentleman also claims that the Indian economy contributed to 18.5% of global growth in 2023-2024. Fantastic. India has achieved somewhere around 7.2% in the current year and has 8.3% in the last 3 years. But India has contributed to 18.5% global growth. So India has achieved 8% growth and that has raised global growth by 18.5%. So India's annual GDP is twice as big as the entire world together, because India's 8% annual growth is responsible for more than twice the growth of the entire world (18.5%). Does that make any sense? I had visited India about 5 years ago and India is like Communist China. Its population is predominantly agrarian, and most of its farmers are using preindustrial farming techniques. I have no idea what "major structural shift" means in simple, real-world terms. "Major structural shift" are abstract terms used to make people feel good on an emotional level. But it has no meaning in the real world. I do not think this gentleman have any idea what he is talking about. It seems he is suffering from delusion. Just like his counterparts from Communist China.