From July to September 2023, India's GDP surged by 7 year-on-year6%, exceeding the expectations of many economic analysts. This data not only puts India once again as the leading position among the world's major large economies, but also raises questions about Japan**. According to Nikkei Asian Review, India's high growth is mainly dependent on the development of large companies, resulting in a high concentration of economic momentum and resources in a few large cities. This uneven economic structure makes it difficult to build infrastructure in these cities, which in turn affects the progress of public facilities. In addition, the lack of resources for development and the high level of corruption in India's rural and small and medium-sized cities have further weakened the entrepreneurial dynamics and potential employment opportunities in these areas. Japan** also mentioned the low number of employed people in India, especially the difficulties faced by women in employment. They pointed out that India's recent economic growth has been concentrated in a small number of small family businesses, while the increase in personal income tax, goods and services tax, and fuel tax has put the employed population and their families under greater economic pressure, and the consumption potential lacks staying power. However, these arguments questioning Japan** are considered unprofessional and unconvincing.
1. The uneven development of the Indian economy
Skeptics argue that India's economic development is too dependent on a few large cities, leading to the concentration of resources in these cities. However, for most developing countries, uneven distribution of resources is normal. Rural areas and small and medium-sized cities tend to have lower development dynamics than large cities. Therefore, this imbalance does not mean that the overall economic development is not sustainable.
Moreover, the national economic growth brought about by high growth does not necessarily lead to economic falsification. The leading development of some regions and industries is often the driving force of overall economic growth. This is a normal phenomenon, not a question of the authenticity of economic development.
2. The problem of insufficient number of employed population and difficulty in female employment
Japan** questioned India's underemployment population, especially the difficulties faced by women in employment. Globally, however, the problem of insufficient employment opportunities for women is not limited to India. As a developed country, Japan also has a feudal concept of male superiority and inferiority of women, resulting in a large number of women being unable to participate in employment. Therefore, it seems unfair to Japan** to question the issue of India.
3. Questioning the statistical methods of India's GDP
Skeptics argue that there are certain problems with India's GDP statistics methodology, which leads to large errors in the statistics. India published data under two different statistical rules, which led to different data results. One of them uses the statistical standards of Prime Minister Modi's administration, and the other uses the old statistical rules. There is a large discrepancy between the results of the two statistical methods, which raises questions about the authenticity of India's GDP.
In addition, skeptics point out that the new statistical rules take more factors into account when calculating agricultural production, while the old rules are simpler. This has led to the emergence of different statistical results. Skeptics argue that this change in statistical methodology could affect the reliability of India's GDP figures.
Properly questioning India's GDP should be based on professional economic analysis and adequate data support. Among them, it is possible to conduct an in-depth analysis of the statistical methods of India's GDP, compare the data differences under the old and new statistical rules, and evaluate the rationality and accuracy of the two rules. In addition, the uneven economic development in India can be analysed and their impact on sustainable development. The problem of insufficient employment and female employment can be compared with other countries and the causes and solutions can be analyzed.
In conclusion, when questioning India's GDP, we should make full use of data and research results based on the principles of professionalism, evidence, and objectivity, rather than just based on superficial doubts and subjective opinions. In this way, we can better understand the real situation of India's economic development and make reasonable recommendations for its future development.