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Growth was 5.3% in Q2, and it has taken a further dip since April-June, so you are simply delusional. The IMF predicts a net GDP contraction for India for year 2012-2013

Boosting investor confidence by admitting that there is a potential crisis brewing? :omghaha: You people will make excuses for anything.

Yes. I quoted it for the sole purpose of proving that the politicians and central bankers have led their people to believe for the last two years that everything that was happening (slowdown in growth, depreciating rupee, etc.) was under their willing. Well, they admit it wasn't.

:rofl: :rofl: :rofl: :rofl:

You are too funny. Your politicians just said that this is a real crisis on their hands. :omghaha: You are so incompetent you wouldn't know a financial crisis hit if the rupee tanked by 50%. From the article in my comment above:

I'm not gloating. If you care to refute any of the statements I made then feel free. There is publicly accessible data on the internet you can use to insure that I am not deceiving or outright lying to anyone. As for whether or not this is the reason for the current crisis in India, the Indian...

Well, most Koreans originated from Northern part of Asia, while most Japanese originated from Southern part of Asia. Generally speaking, SE Asians are shorter than E Asians. It's the same with Europeans. North Europeans tend to be taller than Southern Europeans. And Koreans are also probably...

India’s financial crisis Aug 18th 2013, 14:24 by P.F. | MUMBAI http://www.economist.com/blogs/banyan/2013/08/india-s-financial-crisis

It's not what I believe. These are facts. 2nd largest trade deficit. Budget deficit that is 5%-6% of GDP. Debt to GDP ratio of almost 70% (highest amongst any developing nation). Average inflation of 8%. Huge withdrawals of FDI in the last two quarters. FACTS - Learn what they are.

Ok, but then why is the Rupee falling more than any other currency (with the exception of the Brazilian real)?? 2nd worst performing in the world, and worst performing in all of Asia. I think that the huge trade deficit, budget deficit, FDI withdrawal, and public debt to GDP are the reasons...

Post reported for reporting a post unnecessarily. :coffee:

No dude, prepare.... As India forges ahead into economic stagnation their politicians will increasingly look towards external aggression as a solution to pacify their progressively hostile population. The best way to calm domestic discontent is to turn their minds towards focusing on an external...

This was posted here over an entire YEAR ago. This is the equivalent of trolling... http://www.defence.pk/forums/world-affairs/179340-rochdale-grooming-victims-story-race-connection.html Post reported.

So many? You mean two??

Look at the date troll. 5 July 2012.... Is this an attempt to detract from the Indian collapse thread?

It would be good to focus on the topic at hand. :offpost:

India facing biggest crisis since independence Murli Manohar Joshi 19 Aug, 2013, 12.25AM IST India facing biggest crisis since independence: Murli Manohar Joshi - The Economic Times

India edges toward crisis as rupee plunges By Charles Riley August 19, 2013: 7:40 AM ET http://money.cnn.com/2013/08/19/news/economy/india-rupee/

Which is further proof I'm not Chinese you brain-dead Indian.

Ok ok, I'm actually a Bangladeshi, Pakistani, Chinese person, who lives in Korea...