Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By Sanjeev Sabhlok's Occasional Blog-Liberty (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

The Indian Government Has Been Growing Rapidly, It Would Appear

Sunday, May 13, 2012 22:04

% of readers think this story is Fact. Add your two cents.

Thanks to PD for further research which has led to the following situation.

Data from the Planning Commission seems to indicate that India’s government spending as a share of GDP is around 20 per cent or less. [see my blog post here]

But IMF data shows the following:

Country	Funds	1988	1998	2008	2012
Australia	Revenue	33.253	34.395	33.778	34.851
Australia	Expenditure	32.245	34.054	34.29	35.466
India	Revenue	13.453	16.115	19.896	18.781
India	Expenditure	19.527	23.925	27.714	26.058
United States	Revenue	n/a	n/a	32.564	32.308
United States	Expenditure	n/a	n/a	39.042	39.843

I’m only interested in TOTAL government expenditure as share of GDP, hence PD’s comment about OMB’s data is irrelevant. The data re: US and Australia is now looking fine, and matches with what I’ve known in the past, just that the US government has grown 10 per cent larger since I last thought about it.

Clarifications needed

The key difference between the data I dug up yesterday and this one is that according to IMF India raises 18 per cent of GDP as revenues (vs. Planning Commission data – relating to the central government – which indicates that the centre raises around 9 per cent of GDP as revenues; state revenues extra).

The idea that the states of India manage to generate 9 per cent of GDP as revenues sounds implausible. I’ve estimated (yesterday) that states generate around 1 per cent of GDP, with a max of 3 per cent, but that’s a pure guess. I’ve not had time to study this issue.

Given that IMF have had time and energy to study this issue carefully, I should defer to them tentatively. One can’t dispute facts.

In order to be fully convinced, though, I would prefer if PD or someone could cite an Indian source that has conducted such analysis, and show me how the states of India are able to raise around 9.5 per cent of GDP as revenues.

Source:

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

LION'S MANE PRODUCT

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.

Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Comments

Visits:	1,708,675,435
Stories:	8,451,010