India's GDP grew by 7 year-on-year from July to September 20236%, with a growth rate of 71%。This not only makes India once again overtake other major large onesEconomybody, but also more than oneEconomyAnalysts' expectations. However, Japan** is skeptical. Nikkei Asian Review argues that India'sEconomyGrowth is largely dependent on the development of large companies, which leads to:EconomyMomentum and resources are highly concentrated in a few large cities. This situation has made it difficult for these large cities to build infrastructure, which has driven up the cost of public facilities such as housing, transportation, education and health care, and affected the subsequent sustainable development. On the other hand, the lack of resources for development in rural and small and medium-sized cities and the high problem of corruption have further weakened entrepreneurship in much of India and reduced potential employment opportunities. This indicates that India's currentEconomyThe structure of development is very uneven.
The number of employed people in India has also become the focus of questions in Japan, especially the employment situation of women. RecentIndian EconomyThe growth was mainly concentrated in the area of small family businesses that rarely employ expatriates. According to the Nikkei Asian Review, rising personal income tax, goods and services tax, and fuel tax have brought even more to India's already underemployed population and their familiesEconomystress, resulting in a lack of persistence in future consumption potential. However, it should be pointed out that the employment situation of women in Japanese society is also facing serious challenges. Nearly a quarter of Japanese households have women who are not employed. The feudal concept of male superiority and inferiority in both Japanese and Indian societies has led to many restrictions on women in the field of employment and can only take on the role of housewife in the family. Bound by the traditional concept of male superiority and inferiority of women, JapanEconomyThere have been years of high growth, so why not in India?To some extent, this proves the unprofessionalism, lack of rigor and lack of convincing nature of Japan** in questioning India's rapid GDP development.
However, "questioning" is not the same as "criticizing". As for the questioning of India's GDP, the problem of Japan** is not professional enough, they ignore itIndian EconomySome important factors for growth. In most developmentsEconomyIn the body, the imbalance in the distribution of resources is a normal phenomenon. It is normal that the development dynamics of rural areas and small and medium-sized cities are usually not as strong as those of large cities. The leading development of some regions and some industries has brought about the whole countryEconomyGrowth is not false, they are mutually reinforcing. In addition, there is a serious angle to question India's GDP, namely changes in statistical methods. India has published data under two different statistical rules, and the application of the new statistical rules will increase the value of GDP. In addition, there has been an improvement in the way slum buildings are accounted for in India, which has led to a further rise in GDP. However, Japan** did not mention these details, so their skepticism lacked rigor and persuasiveness.
To sum up, Japan's questioning of India's GDP is not professional, rigorous enough, and unconvincing. According to statistics, India's GDP grew by 7 year-on-year from July to September 20236%, with a growth rate of 7 in the first three quarters1%。IndianEconomyThe growth showed a high growth momentum, outpacing other large onesEconomybody, and beyond manyEconomyAnalysts' expectations. However, Japan** has expressed doubts about this.
Nikkei Asian Review notes that India'sEconomyGrowth is largely dependent on the growth of large companies, resulting in:EconomyMomentum and resources are highly concentrated in a few large cities. This puts pressure on the infrastructure construction of these cities, and drives up the cost of public facilities such as housing, transportation, education and health care, which has an impact on the subsequent sustainable development. In addition, the relative lack of resources for development in rural and small and medium-sized cities, as well as the high level of corruption, further undermine entrepreneurship and potential employment opportunities in these areas. Therefore, India's currentEconomyThere is a clear imbalance in the structure of development.
Japan** also questioned the lack of employment in India, especially for women. They believe that India is recentEconomyThe growth was mainly concentrated in small, family-owned businesses that rarely hired foreign workers. The increasing personal income tax, goods and services tax, and fuel tax have caused a greater impact on the employed population and householdsEconomypressure, future consumption potential may lack persistence.
However, this skepticism is unprofessional. AlthoughIndian EconomyThere are indeed some problems in development, but the uneven distribution of resources is in the process of developmentEconomyIt is not uncommon in vivo. It is normal for rural areas and small and medium-sized cities to have low development dynamics. In addition, Japan itself has difficulties in finding employment, and as in India, there are a large number of women in Japanese society who do not participate in the workforce. Although there is a traditional belief in both Japanese and Indian society that men are inferior to women, which limits women's employment opportunities, this cannot be questionedIndian EconomyReasons for growth. On the whole, India'sEconomyGrowth has shown strong momentum and there is more potential.
In short, Japan** lacks professionalism and rigor in its skepticism about India's GDP growth. Despite India'sEconomyThere are some problems and uneven development, but India's high growth performance and potential cannot be ignored. Questioning and criticism should be based on a more comprehensive and accurate analysis, rather than holding back some unprofessional opinions.