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This is totally wrong information about the current state of affairs of India. 1. Ease of doing business The Indian government had stopped LLP registrations a

This is totally wrong information about the current state of affairs of India. 1. Ease of doing business The Indian government had stopped LLP registrations all together for no official reason. For Pvt ltd registrations from past June 10th rejections to form a new company or even subsidiary company has skyrocketed. Source: LLP halt is reported in media, which still has some spine to stand against the government. Regarding rejections, all data is hidden even from RTI but you can talk with literally any CA/CS to understand the nightmare of MCA. 2. Investors Its straight 5th-year FII has removed billions of dollars from the Indian market. Still, Indian Sensex is surging on the wave of the domestic mutual fund industry. Those "mutual funds Sahi hai" ads didn't start out of nowhere. There's no problem with the rise of the mutual fund industry, but to use it as a parameter for Indian economy's performance is nuts. Actually, rational investors are actively avoiding the Indian market. Source: moneycontrol.com Regarding corruption, infrastructure, education, jobs, credit rates and liquidity and other macroeconomic parameters, in general, are totally telling a different story. It would be really good to have the facts for all of the above claims. If I get to see the facts, I'll be satisfied with the claims. Wake up before its too late! I just want people to question their government rather than defending them, irrespective of any political party. Edit: Fixed indentation.

thevardanian 8y ago
1. Business Ranking "India climbs global business ranking. But it's not that simple" https://money.cnn.com/2017/10/31/news/economy/india-ease-of-doing-business/index.html https://money.cnn.com/2017/10/31/news/economy/india-ease-of-... 2012 - 132 2013 - 132 2014 - 134 2015 - 142 2016 - 130 2017 - 130 2018 - 100 http://www.doingbusiness.org/data/exploreeconomies/india http://www.doingbusiness.org/data/exploreeconomies/india Samsung is also opening the world's largest Mobile phone manufacturing plant in India. That's a tremendous investment from them. 2. Corruption India's Corruption Ranking 2011 - 95 2012 - 94 2013 - 94 2014 - 85 2015 - 76 2016 - 79 2017 - 81 https://tradingeconomics.com/india/corruption-rank https://tradingeconomics.com/india/corruption-rank 3. Infrastructure Road construction by km per day built / awarded "While a total of 4,410 km highway stretches were constructed in 2014-15, it increased to 9,800 km in 2017-18." Furthermore just look at the spending. It's booming. https://timesofindia.indiatimes.com/india/highway-construction-doubles-in-4-years-with-27km-a-day-in-2017-18/articleshow/63601035.cms https://timesofindia.indiatimes.com/india/highway-constructi... 4. Electricity There's pretty consistent growth, although growth isn't the only story. A strong reliable grid is also important, along with having investments in green technology to make the electricity generation more green. Reliability isn't up to standards yet, but it has gotten better, in my opinion. There have also been tremendous investments from the government in green tech, like solar. https://tradingeconomics.com/india/total-electricity-output-gwh-wb-data.html https://tradingeconomics.com/india/total-electricity-output-...
- dmix 8y ago
  From the article: > Another criticism is that countries get credit for passing laws, even if they haven't been widely implemented yet. This would be my biggest concern with these rankings. India might sound better on paper (from a very high level abstract look comparing countries) for ease of business but that doesn't mean it has translated to day-to-day business life there.
  - thevardanian 8y ago
    The recent additions are not just laws, they're tangible initiatives, and infrastructure the government has built. Creating infrastructure, and reducing friction is the only thing a government can. The government is merely a mediator, a facilitator, that lays out the field and its rules, but it's up to the citizens to independently exploit that opportunity.
- pavanred 8y ago
  Care to also publish rankings of the country over the years in freedom of press, law and order, mob violence, transparency, economic growth, journalists/writers murdered, appointments/shortages of RTI commissioners, RTI rejection rate, lack of lokayuktas, appointments/shortages of judiciary by govt etc. (or just look it up for yourself) > There have also been tremendous investments from the government in green tech, like solar. The goal setup was a 100GW of solar capacity by 2022. It was about 2KW in 2015 and is about 20KW in 2018. We are most definitely not going to achieve the goal, perhaps not even get close. Lofty goal, sound familiar? I am sorry, I take lofty goals and promises of the Govt. with a pinch of salt until I see some actual implementation.
  - rohit2412 8y ago
    Did you deliberately change GW to KW? 20 GW in 2018 with process falling 15% year on year can lead to a sudden increase. Let's pass judgement in 2021 when things are clearer.
    - pavanred 8y ago

thevardanian 8y ago

1. Business Ranking "India climbs global business ranking. But it's not that simple" https://money.cnn.com/2017/10/31/news/economy/india-ease-of-doing-business/index.html https://money.cnn.com/2017/10/31/news/economy/india-ease-of-... 2012 - 132 2013 - 132 2014 - 134 2015 - 142 2016 - 130 2017 - 130 2018 - 100 http://www.doingbusiness.org/data/exploreeconomies/india http://www.doingbusiness.org/data/exploreeconomies/india Samsung is also opening the world's largest Mobile phone manufacturing plant in India. That's a tremendous investment from them. 2. Corruption India's Corruption Ranking 2011 - 95 2012 - 94 2013 - 94 2014 - 85 2015 - 76 2016 - 79 2017 - 81 https://tradingeconomics.com/india/corruption-rank https://tradingeconomics.com/india/corruption-rank 3. Infrastructure Road construction by km per day built / awarded "While a total of 4,410 km highway stretches were constructed in 2014-15, it increased to 9,800 km in 2017-18." Furthermore just look at the spending. It's booming. https://timesofindia.indiatimes.com/india/highway-construction-doubles-in-4-years-with-27km-a-day-in-2017-18/articleshow/63601035.cms https://timesofindia.indiatimes.com/india/highway-constructi... 4. Electricity There's pretty consistent growth, although growth isn't the only story. A strong reliable grid is also important, along with having investments in green technology to make the electricity generation more green. Reliability isn't up to standards yet, but it has gotten better, in my opinion. There have also been tremendous investments from the government in green tech, like solar. https://tradingeconomics.com/india/total-electricity-output-gwh-wb-data.html https://tradingeconomics.com/india/total-electricity-output-...

dmix 8y ago
From the article: > Another criticism is that countries get credit for passing laws, even if they haven't been widely implemented yet. This would be my biggest concern with these rankings. India might sound better on paper (from a very high level abstract look comparing countries) for ease of business but that doesn't mean it has translated to day-to-day business life there.
- thevardanian 8y ago
  The recent additions are not just laws, they're tangible initiatives, and infrastructure the government has built. Creating infrastructure, and reducing friction is the only thing a government can. The government is merely a mediator, a facilitator, that lays out the field and its rules, but it's up to the citizens to independently exploit that opportunity.
pavanred 8y ago
Care to also publish rankings of the country over the years in freedom of press, law and order, mob violence, transparency, economic growth, journalists/writers murdered, appointments/shortages of RTI commissioners, RTI rejection rate, lack of lokayuktas, appointments/shortages of judiciary by govt etc. (or just look it up for yourself) > There have also been tremendous investments from the government in green tech, like solar. The goal setup was a 100GW of solar capacity by 2022. It was about 2KW in 2015 and is about 20KW in 2018. We are most definitely not going to achieve the goal, perhaps not even get close. Lofty goal, sound familiar? I am sorry, I take lofty goals and promises of the Govt. with a pinch of salt until I see some actual implementation.
- rohit2412 8y ago
  Did you deliberately change GW to KW? 20 GW in 2018 with process falling 15% year on year can lead to a sudden increase. Let's pass judgement in 2021 when things are clearer.
  - pavanred 8y ago