BRIC countries 2011 = India's deficit threatens to explode!

[davidson]

February 1, 2012

Mumbai: India's budget deficit reached 92.3 per cent of the fiscal-year target in the nine months through December, imperilling the government's aim of reining in the gap.

The shortfall was 44.9 per cent of the annual objective in the same period a year earlier.

Finance Minister Pranab Mukherjee has said cutting the deficit is a "serious challenge".

Debt % of Total GDP (2011)

Italy = 103%
Portugal = 92%
-------------------
India = 90% (est)
-------------------

Brazil = 66%
Spain = 60%
UK = 47%
China = 33%
Russia = 11%

http://gulfnews.com/business/economy/india-39-s-deficit-threatens-to-explode-1.974039

 

[Icewolf]

And I think US is 99.7%

 

[davidson]

And I think US is 99.7%

No, US is 60.8%

Debt % of Total GDP (March, 2010)

http://img4.bbs.**********/uploadfiles/images/2012/01/30/0130084508538.JPG

 

[tombrady]

And I think US is 99.7%

We can be 200% and it won't matter. If you don't agree then you may take it up with our Air Force and Navy. I'm glad we have an understanding. Have a good day.

 

[davidson]

Portugal’s bond yields rose sharply on Monday on default fears

Five-year debt was up at 21.44% in morning trade.(NEW RECORD)
Portugal yields jump on default fears - FT.com

Greece, Italy, Portgual...........Next...India?

 

[Roybot]

Here comes more chinamen, ashamed of their flags as usual.

 

[Abhishek_]

No, US is 60.8%

Debt % of Total GDP (2010)

time to update the red book. the US national debt crossed $15 trillion a while back.

Debt: $15.298 trillion
GDP: $15.145 trillion

Do the math Mr. Han

 

[davidson]

haha no way

 

[Abhishek_]

indian economy is going bust.
massive inflation.
massive debts.
massive twin deficits.
currency collapsing.

the indian ponzi scheme is starting to implode.

you should try stand up comedy

 

[Icewolf]

No, US is 60.8%

Debt % of Total GDP (2010)

http://img4.bbs.**********/uploadfiles/images/2012/01/30/0130084508538.JPG

nope. you spend more than you earn. that's atleast over 100%

---------- Post added at 12:45 AM ---------- Previous post was at 12:44 AM ----------

We can be 200% and it won't matter. If you don't agree then you may take it up with our Air Force and Navy. I'm glad we have an understanding. Have a good day.

but your military budget is going down.

 

[davidson]

indian economy is going bust.

the entire indian economy is a ponzi scheme and its starting to implode.

the entire indian ponzi scheme is based on debt debt and more debt.

Indian inflation was 7.47 per cent in December, while remaining the fastest among the Bric (Brazil, Russia, India and China) nations.

 

[Icewolf]

^ inflation sometimes helps. and fastest? no offense bro but india is the worst performing in BRIC.

 

[Birbal]

Debt % of Total GDP (2011)

-------------------
India = 90% (est)
-------------------

That's flat out absurd. Source please!

 

[Birbal]

Take a look at these lists.

List of countries by public debt - Wikipedia, the free encyclopedia
List of countries by external debt - Wikipedia, the free encyclopedia
List of countries by foreign-exchange reserves - Wikipedia, the free encyclopedia

As you can see, the financial health of India is far better than that of the United States.

 

[Icewolf]

Take a look at these lists.

List of countries by public debt - Wikipedia, the free encyclopedia
List of countries by external debt - Wikipedia, the free encyclopedia
List of countries by foreign-exchange reserves - Wikipedia, the free encyclopedia

As you can see, the financial health of India is far better than that of the United States.

where did US come in? this is about BRIC and india. o-o