Great Indian Irony – optimism

Looking for optimism....just have to look up the 'I' alphabet, and its unanimous, it's India, new land of optimism.....is it sounding sarcastic....well as a matter of fact it's an irony......this optimism.

Optimists inside 

Few weeks back 'Bloomberg Business' published a superb article which shows India is the place, where consumers are most optimistic in the world basing their claims on new government, lower price improving wealth, lower oil price.....really a fine read.

Optimists outside -

World economic forum did a story on similar line.......easily accessible in their webpage searching for India.....that investors are considering best place to invest in the world is none other than India.....sighting al possible reasons...... Reforms, better governance.....and a lot more.

Big guys' approval 

Rosier outlook really got approval from two giants......World Bank ratings for ease to do business in India jumped four notches to 130 rank (still a lot shy from Narendra Modi's target of 50 by 2017).......IMF forecasted better growth in India (around 7.3%) ahead of China.

Irony 

Irony is that even after almost two years from the beginning of the optimism drive (parliamentary election, won by BJP), actual hard economic data is way trailing behind the optimism.

Latest data showed, though inflation is more within control parameter (thanks to oil).....helping Raghuram Rajan, RBI (Reserve Bank of India) governor to reduce rates, production growth is still not very optimistic, growing just about 3.6% from a year ago......not a number for one of the fastest growing nations in the world.