Growth by repetition.

"Chief Economic Advisor (CEA) to the government V Anantha Nageswaran said that India is in a stable situation and the growth momentum is good despite the multiple crises taking place simultaneously and getting entangled with each other." ET. He said that "banks are lending now and credit is rising at 17 percent," "there are signs of recovery of employment in the formal sector and there are indications that investments are picking up." He suggested that "The Reserve Bank of India (RBI) should let the rupee to weaken gradually and use foreign exchange reserves 'judiciously'." ET. "Nageswaran's comments today are also seen as the first official government comment since concerns about waning currency reserves emerged earlier this year." "The International Monetary Fund (IMF) has projected 6.8 percent real growth for this year and 6.1 percent for next year for India." ET. Nageswaran disgreed, saying "maybe there could be 0.5-0.8 percent addition to the 6 percent baseline numbers." Visiting the US in October, Finance Minister Nirmala Sitharaman said, "The rupee is not sliding, the dollar is strengthening incessantly." India Today. On 3 November, Nageswaran said, "If you look at the rupee's performance in the course of the current year, it is one of the better ones." HBN. "This year, since the conflict broke out, it's a story of the dollar's strength. It's not a story of the rupee's weakness." And in September, Nageswaran said India is not defending the rupee and the RBI is taking necessary steps to ensure that the movement of the rupee is gradual and in line with market trends. Zee. "Given that western investors have $3.5 billion invested in China, the sense I got from our meetings is that a substantial amount is going to leave that country. Out of that $3.5 trillion, even if half a trillion comes to India, that will virtually double the FII investments in our country," said Saurabh Mukherjea. One dollar is equivalent to Rs 81.96 this morning. xe.com. So, $500 billion will amount to a colossal more than Rs 40 trillion, which would be equal to the total government spending estimated in the budget for 2022-23. PRS. Can India handle such a deluge of dollars when our total foreign currency reserves were $531.08 billion on 28 October? ET. "India is currently one of the most alluring emerging markets for investment. Our country has shown significant developments in terms of key macro-parameters," wrote Jimeet Modi. The stock market index the Sensex may hit 100,000 by April 2024. ET. It is at 61,185 this morning. HT. Given so much wealth being generated in India why did Food Minister Piyush Goyal say that "The country needs 108 million tonnes of foodgrains every year to support 80 crore (800 million) poor people who get 10 kg of rice or wheat every month." Most Indians don't understand economics. If everything is so great why keep repeating? Will repetition make it happen?