@SalmanSoz @aniljothomas @narendramodi It's the inevitability of the Algebra of exponential growth.
At any given growth rate the absolute increase in any fixed period (say a 5 year period) will be greater than in the previous period).
The Prime Minister must not take credit for algebra.
In a chart.
At any given growth rate the absolute increase in any fixed period (say a 5 year period) will be greater than in the previous period).
The Prime Minister must not take credit for algebra.
In a chart.
@SalmanSoz @aniljothomas @narendramodi For example if you start at GDP = 0.2Trillion (I.e, 200 billion); AND grow steadily at say 8%, - giving a doubling time of 9 years. If this is sustained you reach
1 .2 Trn in 27 years
2.4 trillion in the next 9 years
4.8 trillion in the next 9 years.
1 .2 Trn in 27 years
2.4 trillion in the next 9 years
4.8 trillion in the next 9 years.
@SalmanSoz @aniljothomas @narendramodi That means The absolute arithmetical increase in GDP was
1 Trn in first 27 years
1.2 in next 9 years
2.4 in next 9 years.
Only an ignoramus in simple school algebra, or a fraud, or both would claim that the performance was best in the final 9-year period. It was 8% throughout.
1 Trn in first 27 years
1.2 in next 9 years
2.4 in next 9 years.
Only an ignoramus in simple school algebra, or a fraud, or both would claim that the performance was best in the final 9-year period. It was 8% throughout.
@SalmanSoz @aniljothomas @narendramodi Actually many people find it difficult to get their head round absolute and relative change. It's like the move from addition (easy, everyone gets it) to multiplication (takes time but by age 7 everyone gets it) to exponentiation ( quite a few give up and fall away)
@SalmanSoz @aniljothomas @narendramodi @PChidambaram_IN lectures the Govt on some simple #Economics in this #RajyaSabha speech. Even the Finance Minister @NSitharaman is seen struggling to keep up when he expounds on #StructuralReforms and #GrossFixedCapitalFormation.
