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2019-20, ᴛʜᴇ ɪɴᴅɪᴀɴ ᴇᴄᴏɴᴏᴍʏ ɪs ᴇxᴘᴇᴄᴛᴇᴅ ᴛᴏ ɢʀᴏᴡ ʙʏ 5.7% (ᴀs ᴍᴇᴀsᴜʀᴇᴅ ʙʏ ᴛʜᴇ ɢʀᴏᴡᴛʜ ɪɴ ɢʀᴏss ᴅᴏᴍᴇsᴛɪᴄ ᴘʀᴏᴅᴜᴄᴛ (ɢᴅᴘ), ᴀ ᴍᴇᴀsᴜʀᴇ ᴏғ ᴛʜᴇ sɪᴢᴇ ᴏғ ᴛʜᴇ ɪɴᴅɪᴀɴ ᴇᴄᴏɴᴏᴍʏ). ᴛʜɪs ɪs ᴛʜᴇ sʟᴏᴡᴇsᴛ sɪɴᴄᴇ 2012-13, ᴡʜᴇɴ ᴛʜᴇ ᴄᴏᴜɴᴛʀʏ ʜᴀᴅ ɢʀᴏᴡɴ ᴀᴛ 5.5%.
ᴀғᴛᴇʀ ɢʀᴏᴡɪɴɢ ᴀᴛ 7-8% ʙᴇᴛᴡᴇᴇɴ 2014-15 ᴀɴᴅ 2016-17, ᴛʜᴇ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ ʜᴀs ʙᴇᴇɴ sʟᴏᴡɪɴɢ ᴅᴏᴡɴ. ᴛʜᴇ ɢᴅᴘ ɢʀᴏᴡᴛʜ ɪɴ 2018-19 ʜᴀᴅ sᴛᴏᴏᴅ ᴀᴛ 6.1%.
ᴀ sʟᴏᴡɪɴɢ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ ᴇssᴇɴᴛɪᴀʟʟʏ sʟᴏᴡs ᴅᴏᴡɴ ᴛʜᴇ ᴘʀᴏᴄᴇss ᴏғ ᴇᴄᴏɴᴏᴍɪᴄ ᴘʀᴏɢʀᴇss. ᴛʜᴇ ɢᴅᴘ ᴏғ ᴀ ᴄᴏᴜɴᴛʀʏ ɢʀᴏᴡɪɴɢ ᴀᴛ 8% ᴘᴇʀ ᴀɴɴᴜᴍ ᴅᴏᴜʙʟᴇs ɪɴ 9 ʏᴇᴀʀs. ɪɴ ᴄᴏᴍᴘᴀʀɪsᴏɴ, ᴛʜᴇ ɢᴅᴘ ᴏғ ᴀ ᴄᴏᴜɴᴛʀʏ ɢʀᴏᴡɪɴɢ ᴀᴛ 6% ᴘᴇʀ ᴀɴɴᴜᴍ ᴅᴏᴜʙʟᴇs ɪɴ 12 ʏᴇᴀʀs. ᴛʜᴇ ᴅᴏᴜʙʟɪɴɢ ᴏғ ᴛʜᴇ ɢᴅᴘ ɪs ɪᴍᴘᴏʀᴛᴀɴᴛ ʙᴇᴄᴀᴜsᴇ ᴀs ᴛʜᴇ ɢᴅᴘ ɪɴᴄʀᴇᴀsᴇs, ᴛʜᴇ ɪɴᴄᴏᴍᴇs ɢᴏ ᴜᴘ ᴀɴᴅ ᴛʜɪs ᴘᴜsʜᴇs ᴜᴘ ᴛʜᴇ ϙᴜᴀʟɪᴛʏ ᴏғ ʟɪғᴇ ᴀs ᴡᴇʟʟ. ᴍɪʟʟɪᴏɴs ᴀʀᴇ ᴘᴜʟʟᴇᴅ ᴏᴜᴛ ᴏғ ᴘᴏᴠᴇʀᴛʏ. ᴛʜᴇʀᴇ ɪs ɴᴏ sᴜʙsᴛɪᴛᴜᴛᴇ ᴛᴏ sᴜsᴛᴀɪɴᴇᴅ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ.
ᴀᴜᴛᴏᴄʀᴀᴄɪᴇs ᴍᴀʏ ʙᴇ ɢᴏᴏᴅ ғᴏʀ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ, ᴛʜᴇ ϙᴜᴇsᴛɪᴏɴ ᴛʜᴀᴛ ᴡᴇ ʀᴇᴀʟʟʏ ɴᴇᴇᴅ ᴛᴏ ᴀsᴋ ɪs, ᴀʀᴇ ᴀᴜᴛᴏᴄʀᴀᴛs (ɪғ ʏᴏᴜ ᴡᴀɴᴛ ᴛᴏ ʙᴇ sʟɪɢʜᴛʟʏ ᴇᴜᴘʜᴇᴍɪsᴛɪᴄ ʏᴏᴜ ᴄᴀɴ ᴄᴀʟʟ ᴛʜᴇᴍ ʙᴇɴᴇᴠᴏʟᴇɴᴛ ᴅɪᴄᴛᴀᴛᴏʀs) ɢᴏᴏᴅ ғᴏʀ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ ᴀʟʟ ᴛʜᴇ ᴛɪᴍᴇ?
ᴛʜɪs ɪs ᴡʜᴇʀᴇ ᴛʜᴇ ᴛʜᴇᴏʀʏ ғᴀʟʟs ғʟᴀᴛ. ғᴏʀ ᴇᴠᴇʀʏ ᴄʜɪɴᴀ, ᴛʜᴇʀᴇ ᴀʀᴇ ᴀ ᴡʜᴏʟᴇ ʜᴏsᴛ ᴏғ ᴄᴏᴜɴᴛʀɪᴇs ᴛʜᴀᴛ ʜᴀᴠᴇ ʙᴇᴇɴ ʀᴜʟᴇᴅ ʙʏ ᴀᴜᴛᴏᴄʀᴀᴛs ᴀɴᴅ ᴡʜᴇʀᴇ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ ʜᴀs ɢᴏɴᴇ ᴄᴏᴍᴘʟᴇᴛᴇʟʏ ғᴏʀ ᴀ ᴛᴏss. ᴢɪᴍʙᴀʙᴡᴇ ᴀɴᴅ ᴠᴇɴᴇᴢᴜᴇʟᴀ ʙᴏᴛʜ ʀᴜʟᴇᴅ ʙʏ ᴅɪᴄᴛᴀᴛᴏʀs ᴀᴛ ᴅɪғғᴇʀᴇɴᴛ ᴘᴏɪɴᴛs ᴏғ ᴛɪᴍᴇ ɪɴ ᴛʜᴇ ʀᴇᴄᴇɴᴛ ᴘᴀsᴛ, ʜᴀᴠᴇ ʜᴀᴅ ᴛᴏ ғᴀᴄᴇ ʜʏᴘᴇʀɪɴғʟᴀᴛɪᴏɴ (ᴀɴ ᴇxᴛʀᴇᴍᴇʟʏ ʜɪɢʜ ʀᴀᴛᴇ ᴏғ ɪɴғʟᴀᴛɪᴏɴ), ᴡʜɪᴄʜ ʟᴇᴅ ᴛᴏ ᴛʜᴇ ʙʀᴇᴀᴋᴅᴏᴡɴ ᴏғ ᴛʜᴇ sᴏᴄɪᴇᴛʏ.
ᴇᴄᴏɴᴏᴍɪsᴛ ᴡɪʟʟɪᴀᴍ ᴇᴀsᴛᴇʀʟʏ sᴜᴍᴍᴀʀɪsᴇs ᴛʜɪs ᴀʀɢᴜᴍᴇɴᴛ ɪɴ ᴀ ʀᴇsᴇᴀʀᴄʜ ᴘᴀᴘᴇʀ ᴛɪᴛʟᴇᴅ ʙᴇɴᴇᴠᴏʟᴇɴᴛ ᴀᴜᴛᴏᴄʀᴀᴛs: “ᴛʜᴇ ᴘʀᴏʙᴀʙɪʟɪᴛʏ ᴛʜᴀᴛ ʏᴏᴜ ᴀʀᴇ ᴀɴ ᴀᴜᴛᴏᴄʀᴀᴛ ɪғ ʏᴏᴜ ᴀʀᴇ ᴀ ɢʀᴏᴡᴛʜ sᴜᴄᴄᴇss ɪs 90 ᴘᴇʀᴄᴇɴᴛ. ᴛʜɪs ᴘʀᴏʙᴀʙɪʟɪᴛʏ sᴇᴇᴍs ᴛᴏ ɪɴғʟᴜᴇɴᴄᴇ ᴛʜᴇ ᴅɪsᴄᴜssɪᴏɴ ɪɴ ғᴀᴠᴏᴜʀ ᴏғ ᴀᴜᴛᴏᴄʀᴀᴛs… ᴛʜᴇ ʀᴇʟᴇᴠᴀɴᴛ ᴘʀᴏʙᴀʙɪʟɪᴛʏ ɪs ᴡʜᴇᴛʜᴇʀ ʏᴏᴜ ᴀʀᴇ ᴀ ɢʀᴏᴡᴛʜ sᴜᴄᴄᴇss ɪғ ʏᴏᴜ ᴀʀᴇ ᴀɴ ᴀᴜᴛᴏᴄʀᴀᴛ, ᴡʜɪᴄʜ ɪs ᴏɴʟʏ 10 ᴘᴇʀᴄᴇɴᴛ.” sᴏ ᴀᴜᴛᴏᴄʀᴀᴛs ʜᴜʀᴛ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ ᴍᴏʀᴇ ᴏғᴛᴇɴ ᴛʜᴀɴ ɴᴏᴛ.
ᴏғ ᴄᴏᴜʀsᴇ, ʜʏᴘᴇʀɪɴғʟᴀᴛɪᴏɴ ɪs ɴᴏᴛ ᴛʜᴇ ᴏɴʟʏ ᴘʀᴏʙʟᴇᴍ ᴡɪᴛʜ ᴄᴏᴜɴᴛʀɪᴇs ʀᴜʟᴇᴅ ʙʏ ᴅɪᴄᴛᴀᴛᴏʀs ᴀᴛ ᴅɪғғᴇʀᴇɴᴛ ᴘᴏɪɴᴛs ᴏғ ᴛɪᴍᴇ. ᴛʜᴇ ᴡᴏʀʟᴅ ɪs ʟɪᴛᴛᴇʀᴇᴅ ᴡɪᴛʜ ᴇxᴀᴍᴘʟᴇs ᴏғ ᴍᴀɴʏ ᴅɪᴄᴛᴀᴛᴏʀs ᴋɪʟʟɪɴɢ ᴛʜᴇɪʀ ᴏᴡɴ ᴘᴇᴏᴘʟᴇ.
ɪɴ ᴛʜɪs sᴄᴇɴᴀʀɪᴏ, ᴅᴇᴍᴏᴄʀᴀᴄʏ sʜᴏᴜʟᴅ ʙᴇ ᴀ ɢᴏᴀʟ ᴏɴ ɪᴛs ᴏᴡɴ. ᴏғ ᴄᴏᴜʀsᴇ, ᴛʜᴇ ᴛʀᴏᴜʙʟᴇ ʜᴇʀᴇ ɪs ᴛʜᴀᴛ ᴅᴇᴍᴏᴄʀᴀᴄʏ ᴀɴᴅ ᴠᴇʀʏ ғᴀsᴛ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ ᴀʟsᴏ ᴅᴏɴ’ᴛ ᴀʟᴡᴀʏs ɢᴏ ᴛᴏɢᴇᴛʜᴇʀ. ᴀs ᴠɪᴊᴀʏ ᴋᴇʟᴋᴀʀ ᴀɴᴅ ᴀᴊᴀʏ sʜᴀʜ ᴡʀɪᴛᴇ ɪɴ, ɪɴ sᴇʀᴠɪᴄᴇ ᴏғ ᴛʜᴇ ʀᴇᴘᴜʙʟɪᴄ: “?ᴛʜᴇʀᴇ ᴀʀᴇ ᴏɴʟʏ ғᴏᴜʀ ᴄᴏᴜɴᴛʀɪᴇs ᴡʜɪᴄʜ ᴡᴇʀᴇ ᴘᴏᴏʀ ɪɴ 1945, ᴛʜᴀᴛ ᴀʀᴇ ɴᴏᴡ ᴘʀᴏsᴘᴇʀᴏᴜs ᴅᴇᴍᴏᴄʀᴀᴄɪᴇs: sᴏᴜᴛʜ ᴋᴏʀᴇᴀ, ᴛᴀɪᴡᴀɴ, ᴄʜɪʟᴇ ᴀɴᴅ ɪsʀᴀᴇʟ.”
ɴᴏᴡ ᴛʜᴀᴛ ɪs sᴏᴍᴇᴛʜɪɴɢ ᴡᴏʀᴛʜ ᴛʜɪɴᴋɪɴɢ ᴀʙᴏᴜᴛ.
Explanation:
this is sample of NPAV lab
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