From July to September 2023, India's GDP surged by 7 year-on-year6%, beating expectations and becoming the leader among the world's major large economies. However, Japan** has questioned the sustainability and fairness of India's economic development. They argue that India's high growth is largely dependent on the growth of large corporations, resulting in a high concentration of economic momentum and resources in a few large cities. This unbalanced economic structure puts great pressure on the infrastructure construction of these cities, and the cost of public facilities rises, which affects the subsequent sustainable development. At the same time, India's rural and small and medium-sized cities are under-resourced and have high levels of corruption, which further undermines entrepreneurship and employment opportunities in these areas.
As can be described in depth, India's high growth inevitably brings with it its own set of challenges. While economic growth can lead to more jobs and economic prosperity, India's development process has shown some unevenness. Some large cities have become the engines of economic development due to their unique resources and infrastructure advantages, attracting a large amount of investment and talent. However, this has also led to the enormous pressure on the weak infrastructure of these cities themselves, with traffic congestion, housing constraints, and shortages of education and health care resources becoming increasingly prominent. At the same time, the development of rural areas and small and medium-sized cities lacks resources and support, making the economic growth of these areas relatively slow, the brain drain is serious, and the entrepreneurial environment is not good. This uneven development poses a huge challenge to ensuring the long-term sustainability and equity of the Indian economy.
The second point questioning India's GDP is the issue of employment. According to Japan**, India has a low number of employed people, especially for women, and there are limited opportunities for women. India's recent economic growth has been concentrated in small, family-owned businesses with a small number of employees, and the majority of Indian women face employment challenges. However, this problem exists in Japan as well, if not more so. According to statistics, 40% of Japanese housewives are not employed, which means that most women face various restrictions in the field of employment. Under the feudal concept of male superiority and inferiority of women, Japan's economy has achieved high growth for many years. Therefore, Japan** doubts India's GDP growth on this point seems unconvincing and unprofessional.
From the point of view of questioning, Japan's questioning of India's GDP is one-sided and not convincing enough. However, they raised a concern: India uses different statistical rules when calculating GDP, which leads to discrepancies in the data. In this case, how do we properly question it?
First, we can analyze the impact of the different statistical rules adopted in India on the GDP data. According to the current statistical rules, India's GDP grew by 76%, ranking fifth in the world. However, if calculated according to the old statistical rules, the growth rate is 74%。In the first three quarters, the Indian economy grew at a rate of 71%, which is 01 percentage point. At the same time, the size of GDP calculated according to the old statistical rules is almost 10 percentage points less than under the new rules. The existence of such statistical errors is a rigorous way to question India's GDP.
Secondly, we can ** other issues in India's GDP statistics. For example, the way in which agricultural output is calculated has changed from final production to consumption, and more inputs are included in GDP statistics, which may lead to changes in the data. Similarly, changes in the way rural slums are accounted for may also have an impact on GDP figures. By analyzing and discussing these details, we can get a more complete picture of what is really going on in India's GDP.
In general, Japan**'s questioning of India's GDP is unprofessional and unscrupulous in some aspects, but the data discrepancies and statistical rules they raise deserve our attention and consideration. While questioning correctly, we should analyze and discuss with rigor to reach a more accurate and comprehensive conclusion.