India now has a GDP of 3$7 trillion, but India has officially started **, and the GDP will soon reach $5,000 billion.
India's finance ministry said the economy will grow by 7% in fiscal 2024 and will continue to do so in the future.
Last year, our country's economic growth was 52%, and the growth rate in the United States is 25%, it seems that India has surpassed China and the United States in terms of economic growth.
But it is such a country, but there are many strange economic and social problems.
India has repeatedly stressed that India has become the world's fastest-growing major economy, which is expected to reach $5 trillion soon, and has surpassed China in GDP growth.
However, it is this same *** who claims that there are not enough funds to pay the pensions of civil servants.
And that's not the only problem, the country was not even able to feed women, resulting in 57% of women aged 15-49 suffering from anemia between 2019 and 2021.
If the economy is growing at a rate of 7% per year, as ** says, Indian pensions should not be so difficult to deal with, what is the problem?
Today, millions of elderly Indians are forced to live in inhumane conditions, and only a small fraction of them are given a meager 200 rupees (about 17 yuan) per month. The reason behind this is not that India lacks resources, but that resources are occupied by capitalists and the rich.
In 2018-2019, India had about 1300 million people over the age of 60 need about Rs 3,000 per month, and India's gross national income reached Rs 187 trillion that year. From this perspective, pension spending should account for only 25% or less.
Obviously, either India is unwilling to provide pensions, or India actually has no money.
On the other hand, while India's economic growth seems to be fast, it seems that India has not been able to come up with the money to build infrastructure.
As early as August 2021, India proposed to launch a 1,000,000 billion rupee infrastructure plan, but now two and a half years later, many foreign companies have found that India's transportation and communications are not much different from a few years ago.
Although the wage cost in India is relatively low, when the product is produced, it takes several twists and turns before it can finally be exported through the port. The cost of this has increased significantly due to infrastructure problems.
This year is India's first year, and Indian Prime Minister Narendra Modi knows very well that if India can build a high-speed railway, it will be a plus for his own **.
Not long ago, India's Minister of Railways released a paragraph showing the completion of a section of the viaduct, which seems to indicate that the high-speed rail from Mumbai to Ahmedabad is under construction as planned.
However, when we look back at India's high-speed rail dream, we find that there are many difficulties. Back in 2015, Modi had already proposed to connect Mumbai, Delhi, Chennai, Kolkata with high-speed rail.
But now Indonesia's high-speed rail has been completed and officially opened to traffic with the help of China, while India's high-speed rail has always been in the dream.
This can't help but make people question, is there any moisture in India's GDP growth rate?