Indian Economy at all-time high! What you say..?

[litaf]

I think India's economy has plenty of more room to grow. There is 1.2 bn people there. developing nation economies always grow and incredible rates. if you believe in Ricardian Equivalence, India's economy catching up to the western world is definitely not an impossiblity

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[lionheart78]

So today is the remarkable day for Indian Economy.
Indian Stock Exchange closed at all time high 30,135, first time 30k+. Moreover, Bitcoin crossed $1400 in domestic market of India.
So how you all guess Indian Economy in coming future. Is it going to be the new super power on international frontier? Does India seeing its best government ever?
Waiting for views....

If this thing continuous then there is no doubt India economy will flourish in the future but being super power, who knows.  Well if poverty in India is perfectly taking care of then probably we are seeing the best administration in Indian history.  But does not this same administration cause a lot of people to lose their wealth?

[flower1024]

I think India's economy has plenty of more room to grow. There is 1.2 bn people there. developing nation economies always grow and incredible rates. if you believe in Ricardian Equivalence, India's economy catching up to the western world is definitely not an impossiblity

The biggest problem in India is corruption, and without paying money, no work can be done by government officers. For each everything most of these people expect money, and if you don't pay, then you work never happen. Now government should do something about this corruption otherwise it will be hard to open up new businesses. Yes, currently they are the best and doing better than China but not sure so easy they can overtake western countries economy.

[TastyChillySauce00]

I think India's economy has plenty of more room to grow. There is 1.2 bn people there. developing nation economies always grow and incredible rates. if you believe in Ricardian Equivalence, India's economy catching up to the western world is definitely not an impossiblity

The biggest problem in India is corruption, and without paying money, no work can be done by government officers. For each everything most of these people expect money, and if you don't pay, then you work never happen. Now government should do something about this corruption otherwise it will be hard to open up new businesses. Yes, currently they are the best and doing better than China but not sure so easy they can overtake western countries economy.

Corruption always exists even in the developed country but the rate of corruption is low that doesn't affect the government's economy that much, it's really hard to eradicate corruption to its root if you're expecting the government to do it, what if the government itself is the one who has done corruption? Not talking about India only though, it's for all those countries in this world which still have high rates of corruption that affect their economy directly.
And one thing, it's really possible for India to overtake the western's economy, just if India keeping on growing their economy this significant.

[Pearls Before Swine]

It isn't just India, my friend.  The whole world has been in a bull market for years now.  Look at where the NASDAQ is, and the Dow.

Good for India is what I say.  But watch out, because stock markets also crash and don't always reflect what's going on in the economy with 100% accuracy.  Are any of you in Indian stocks?

[Przemax]

It isn't just India, my friend.  The whole world has been in a bull market for years now.  Look at where the NASDAQ is, and the Dow.

Good for India is what I say.  But watch out, because stock markets also crash and don't always reflect what's going on in the economy with 100% accuracy.  Are any of you in Indian stocks?

Im not an expert but investing heavy in third world country stocks doesn't make any sense at all from a big capital perspective. What big capital wants is to boost their own stocks in the country of origin and the third world country to finance the dividend by cheap labour force.

Imho thats just a signal that other markets in the world are in relativly bad shape and are financialised too much or starting to have a huge problems with being too risky investments in comparison.

[dothebeats]

A large user base of bitcoin is already established in India, and yes, it may have helped to boost India's economy somehow, but for the economical boost to be attributed in bitcoin alone is absurd. India is known for its manpower services, so it might be one big portion of the pie. Good for our Indian brothers in here though it's too early to think that India is heading towards a superpower in the economic scene.

[erikalui]

So today is the remarkable day for Indian Economy.
Indian Stock Exchange closed at all time high 30,135, first time 30k+. Moreover, Bitcoin crossed $1400 in domestic market of India.
So how you all guess Indian Economy in coming future. Is it going to be the new super power on international frontier? Does India seeing its best government ever?
Waiting for views....

The recent changes like demonetization and recovering taxes that were pending have really changed and helped the economy of India but still there is a long way to go. Not a lot has changed here and still inflation continues to rise. The bitcoin market in India is not very huge but still the exchanges here are doing a great business. The population is the second largest in the world which makes the economy suffer and many people try to invade taxes by using Swiss bank accounts.

The current rise is 13% which is just the start. Hope to see it getting better from now on.

[andrei56]

India is 1.2 bln of people,multiculture it is continent,India is mostly agriculture and most people are very poor,His infrastructure is very poor.Now many weserness comanys moved his prodution there becouse of raising cost of work in China.For sure it is land with great potencial but still there is high corruption .Economic data are just a paper data but India has much brghter future than USA thay just need muh more support his own companys and invest in more common education

Historically the top countries in terms of economic were always India and China thanks to the great amount of population and resources they had, that changed with the advent of the industrial revolution but as those countries get modernized they are slowly retaking those positions.

[darthmaul]

So today is the remarkable day for Indian Economy.
Indian Stock Exchange closed at all time high 30,135, first time 30k+. Moreover, Bitcoin crossed $1400 in domestic market of India.
So how you all guess Indian Economy in coming future. Is it going to be the new super power on international frontier? Does India seeing its best government ever?
Waiting for views....

I am hoping that India will keep doing the remarkable work on economy at all times. This will give exposure to other currencies and commodity into Indian market leading to more stronger economy. If it does happens then people out their might give preference to use of digital currencies slowly invading into crypto future. 

Like that way governments will realise that what is exactly popular and what to implement in it.

[MingLee]

So today is the remarkable day for Indian Economy.
Indian Stock Exchange closed at all time high 30,135, first time 30k+. Moreover, Bitcoin crossed $1400 in domestic market of India.
So how you all guess Indian Economy in coming future. Is it going to be the new super power on international frontier? Does India seeing its best government ever?
Waiting for views....

I am hoping that India will keep doing the remarkable work on economy at all times. This will give exposure to other currencies and commodity into Indian market leading to more stronger economy. If it does happens then people out their might give preference to use of digital currencies slowly invading into crypto future. 

Like that way governments will realise that what is exactly popular and what to implement in it.

The Indian economy may be doing well as a whole, you must give a lot of care must be given to the individual when talking about how prevalent something like cryptos can be in an economy like that, since the wages are low and there isn't always good access to electronics or internet connections. While the average is drawn down due to rural villages and so, there needs to be a lot more inter-connectivity for these kinds of thing to be viable. They're doing a good job and something is going well within their borders, but there are still steps to be taken.
Also this is a really old thread, holy moly.