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India can be 5th largest economy by 2020: Shashi Tharoor

Wednesday, 24 February 2010, 18:58 Hrs   |    21 Comments
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India can be 5th largest economy by 2020: Shashi Tharoor
New Delhi: According to Minister of State for External Affairs Shashi Tharoor, India could become the world's fifth largest economy by 2020 in Gross Domestic Product terms, after the U.S., China, Japan and a united Europe, reports UNI.

Tharoor added that the country could move up to third place within a decade thereafter. "In the last fiscal year, India's GDP grew around six percent in every quarter of what has been described by economists as the most difficult 12 months in recent history. In our most recent quarter, the figure was 7.9 percent. As against this, most countries in the world suffered negative growth rates in at least one quarter in the last two years," said Tharoor.

According to UNI, Tharoor added that although the country celebrates its IT triumphs, but still does not have jobs for over 10 million people. "Many of our urban youth rightly say with confidence that their future will be better than their parents past, but there are Maoist insurgencies violently disturbing the peace in 165 of India's 602 districts and these are largely made up of unemployed young men," the Minister added.

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Reader's comments(21)
1: Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
Posted by:thailand hotel buchen - 19 Apr, 2010
2: I think the need of the hour is not to measure the growth in relative terms.Growth needs to be measured in terms of the change it can bring for the citizens of India,especially the underprivileged.We still have poverty rates hovering around 30 odd percent despite such a phenomenal growth in the last 2 decades of financial reforms.On the contrary China has undertaken one of the most ambitious and biggest poverty alleviation programs in the human history, during the same period and has been able to produce tangible results to bring about positive change in the lives of millions.I think India can take cues from such an effort,if not replicating it altogether. There's been a lot that has been done,however,there's a lot to be done.Complacency can prove to be suicidal at this critical point of our growth story
Posted by:Aditya Parasrampuria - 26 Feb, 2010
3:
Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
thailand hotel buchen Replied to: Aditya - 19 Apr, 2010
4:
We have to keep in mind the difference in the system of governanace. If we wish to compete with China, we have to adopt a single part rule. Perhaps that is the only way to reduce corruption.
Piyush C.Sharma Replied to: Aditya Parasrampuria - 22 Mar, 2010
5:
Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
thailand hotel buchen Replied to: Piyush - 19 Apr, 2010
6: GROWTH can be a very misleading measurement. It does not take into account the number of poor, the number starving, the immense corruption, the black money and several other problems in a nation. I wonder if Tharoor and industrywallahs will be happy if the country is the fastest growing aong with terrorism, corruption, inflation, etc etc.

I would say India has negative growth, anyway - you see, inflation in India is higher than growth.
Posted by:Kaushik - 25 Feb, 2010
7:
Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
thailand hotel buchen Replied to: Kaushik - 19 Apr, 2010
8:
I share the views expressed by Kaushik. increasing disparity between the haves and have-nots is becoming counter productive. Crimes are increasing with increase in the numbr of Indians figuring in the Forbe's Billionaire list.
Piyush C.Sharma Replied to: Kaushik - 22 Mar, 2010
9:
Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
thailand hotel buchen Replied to: Piyush - 19 Apr, 2010
10: rahul gandhi is only hope for this poor and greedy country.
Posted by:mahatama - 24 Feb, 2010
11:
Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
thailand hotel buchen Replied to: mahatama - 19 Apr, 2010
12:
On what basis?

By the way, he is from a family that leads a party which has given this country its corruption, greed and poverty. So, how is he a hope?
Kaushik Replied to: mahatama - 25 Feb, 2010
13:
Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
thailand hotel buchen Replied to: Kaushik - 19 Apr, 2010
14: At the moment it appears 5th position.That's good. But the time comes, it would be under such restrain that it could be slid down to 7th position, due to the counterproductive effect that outweigh the present rosy siuation. A well wish is only a wish. This is INDIA. We lack focus ,oneness, no matter what party rules, the fabric has lost its texture. Some wants settle in US, Some in Australia, Some in Europe, some wants Swiss Accounts, some don't kill snake, but kill brothers, some look for effluent 60%, some forget 40% poor, List is endless.
Posted by:Sajeev - 24 Feb, 2010
15:
Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
thailand hotel buchen Replied to: Sajeev - 19 Apr, 2010
16: In his keynote address at the Tenth Partnership Summit organised by the Confederation of Indian Industry, in Hyderabad on 6th January 2010K.C.Pant said a recent study by Goldman Sachs on the growth prospects of four leading developing and transition economies – Brazil, Russia], India and China (collectively termed as BRICs) -- had predicted that India would be the third largest economy in the world by 2050, after China and the United States.
The study forecast that India would grow more or less steadily at 5.5 to 6 per cent per annum and would continue this trajectory even beyond 2050, when all the other major countries would have slowed down to a 3 per cent or less growth rate.
"Though our past performance and the prognoses for the future are a source of pride for us, we do not think that they should be a cause for complacency. India's Tenth Five-Year Plan, which spans 2002 to 2007, aims to make India the fastest-growing economy in the world by the end of this period,"
"We believe that the country has the potential to record an average growth rate of 8 per cent per annum during these five years, rising to above 9 per cent in the terminal year,"
"Our optimism appears to have been vindicated by the recent performance of the economy. In the second quarter of this year, our GDP (gross domestic product) has increased by 8.4 per cent, and it is expected to grow at over 9 per cent in the next two quarters,"
"The most heartening feature of this growth has been the performance of our brick and mortar sectors, which have demonstrated a high degree of vitality that gives us the confidence about the future,"
He said that India had been one of the 10 fastest-growing economies in the world in the last two decades and the future may be even better than the past.
In the past, economic infrastructure, such as railways, ports, national roads and power were all provided exclusively by the public sector. "In the future, we see these areas being opened up to the private sector to the extent that the private sector displays its willingness, but this varies from sector to sector -- a fact that we need to keep in mind,"
Referring to the financial sector, he said that foreign portfolio investors have recognised the strength and potential of the Indian capital markets and have poured in over $7 billion last year.”

Dr.A.Jagadeesh Nellore (AP)
Posted by:Dr.A.Jagadeesh - 24 Feb, 2010
17:
Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
thailand hotel buchen Replied to: Dr.A.Jagadeesh - 19 Apr, 2010
18: well he is an educated man and knows what he is saying
Posted by:saijal - 24 Feb, 2010
19:
Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
thailand hotel buchen Replied to: saijal - 19 Apr, 2010
20:
mr tharoor is right. hereafter it is not only the GDP, but distribution of resources also will be a great challenge for India. Sheer injustice in distribution of resources is the actual reason for insurgencies like maoist extremism
wills Replied to: saijal - 24 Feb, 2010
21:
Warm Wall,since middle correct thing fall request account tend solicitor hot national nor meanwhile describe assume hate twice hand impossible judge private difficult walk line obtain cabinet railway sheet when red sort around analysis survey remind declare marriage aye number director length extremely atmosphere hot card attend desire question not right theme reason increase that front contact limited also over opinion nor quick sleep basic view quality simply development constant district distance her village expense there exercise of effectively handle settlement contribute communication technology defence
thailand hotel buchen Replied to: wills - 19 Apr, 2010
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