Economy growth predictions at 6%: Is it possible?

During preparation of monthly progess physical and financial ,physical and finncial reports are prepared as per their target, according to financial aim the reports are manupulated and according to the target set every administrative officer is asked to send the reports.

WHAT TO TALK ABOUT 6%, THEY CAN SEND THIS 7% ALSO.ITS ONLY ON PAPER.

An errant monsoon has cast a dark cloud over the economy’s growth prospects. Though the global economy had started stabilizing and early signs of revival were visible in the Indian economy too,delayed monsoons have cast a shadow on agricultural growth...and may affect the overall GDP.

I would not even dare to dream of India achieving economic growth at the rate of 6% in this financial year. This is because we cannot achieve economic growth with prices spiralling skywards, unemployment increasing exponentially and layoffs being the order of the day. The only way of achieving real economic growth is to weed out corruption and reduce the perks enjoyed by the parasites masquerading as our elected representatives. The government also needs to encourage Indians to opt for self-employment and provide employment to millions of people in the process. 

I think by todays report we have grown slightly above 6% till now. Going by the Harod-Domar growth equation which is growth in y(output) = (1/(capital-output ratio) ) x savings rate. I  believe the past momentum in investment in India will be sustained and even if there is slight dip still we might be able to grow around 6% discounting after the dip due to slow down abroad,

Its all  fabrication game of  the reports,I  experienced during my service period.

Even then I hope the best for our motherland. 

Yes i agree with notion it is quite difficult task to achieve 6% GDP growth rate for 2009-10. If you see the recent history of Indian GDP growth rate, whenever there is bad monsoon growth rate has got reduced 1-1.5% from predicted one. Moreover, govt has announced further extension of tax holidays to export industry which will put its revenues under severe stress and fueling deficit in upward direction.

As per predictions ( on capital flow etc  ) yes possible, but depends on how we deal “poor monsoon” issue. If you allow inflation to creep in then with huge fiscal debt it is not going to happen.

I think the government's growth will be too slow this time being the worst phase of the economy. Also, as Mr. Sayan pointed out, Unless Govt fudge the growth rate, It doesn't look easy...

I don't think that government will be able to even get to 5% or 5.5% of economic growth this time. As this is the worst phase of the economy and major sectors are still not up to their safest marks, this won't be going to happen for quite some time now, not in the near future. WPI and CPI are coming down but still food and grain prices are skyrocketing, which is a matter of grave concern.

I don't know how will government be able to justify their claims on a growth projection of 6%, when things like macroeconomic and microeconomic factors, essential for the growth are going for a toss....

Unless Govt fudge the growth rate: It looks to be difficult :)

Yes Jyoti, I also think so. The indication of the situation getting worse ha already started getting visible which seems to be, getting worst in the future days.