In the world of politics, there has been many different sayings to get people elected. In the current US election cycle you may hear are you better off, then you were 4 years ago. This is designed to vote for the other person, because the politician saying it wants to hear you say no. If you say yes, then he or she will not get your vote. In the days when consumer goods such as electric stove was being common, a popular saying was a chicken in every pot. In symbolized both the ability to afford the new stove as well as food to cook. In India, it is a little different.

In an article by Sarita Chaganti Singh of Reuters, the odds on favorite person to win the leadership or Prime Minister of India is the current PM Narendara Modi. The PM is running on making the economy of India the 3rd largest in the world, up from the 5th. The US is the largest economy with a $25.5 trillion followed by China at $17.9 trillion, next come Japan at $4.2 trillion , Germany at $4.1 trillion and India at $3.51 trillion. The others in the top 10 are UK ($3.1 trillion), France ($2.8 trillion), Russia ($2.2 trillion), Canada ($2.1 trillion) and Italy ($2 trillion).

PM Modi asked officials to finalize plans to expand the economy to $6.69 trillion up from $3.51 trillion by 2030. This would raise the per capita income from $2,500 to $4,418.

Mr. Modi wants exports to jump from $700 billion to $1.58 trillion or 4% of global trade. The other goals are to increase literacy from 78% to 82%; unemployment to fall to less than 5% from 8%; and labor participation rate to increase to 50% from 46%.

In 2047, India will be a 100 years old, Mr. Modi hopes it will be a developed country by then.

Linking to dividend paying stocks, during the AGM companies will often talk about the future of the company but it is rare for a politician to talk about growth of GDP, because countries can only do so much, the private sector has to do the rest. Perhaps PM Modi will use government resources to build infrastructure in the hopes of spinoffs, but we have just seen in China, the government using the property value increases to do the same, however prices go up and down. But it should mean India is worth watching over the next few years.

There are more questions than answers, till the next time – to raising questions.