Indian GDP for 2021 was lower than the 2019 one, so their net growth for 2 years was negative - 0.92 * 1.083 ~= 0.997, where one is equal to 2019 GDP. In comparison, China's growth over the same period was - 1.023 * 1.081 ~= 1.106, i.e. 10.6%. Jai Hind.
Indian Economics Thread II
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Does this factor into account inflation?
No Sir, it's still in transitory
Yes, those should be numbers for the real GDP changes - 8% contraction in 2020 and 8.3% growth for 2021.
The first quarter growth is misleading as well. Last year Indians were dying en masse because of the COVID peak. All the call centre scammers and twitter bots were begging for oxygen for family members. 13% growth from that baseline is less impressive.
Tower Semiconductor were supposed to be building a factory in India and they were bought by Intel recently. I think that is what this is about.
Bro maybe Intel intended to cancel the project?
Latest estimate is 2026 opening for a small 60km stretch, and 2028 for the rest of the line.
Land acquisition is still not complete. Stuck at 75% for Maharashtra
the yen depreciation is going to cause some new problems..... if there arent enough already.
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