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

[davidson]

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

Joke!

India has the 4th worst current account deficit of any EM nation. The country as a whole needs to borrow from the world just to survive. The govt needs to borrow just to survive too. It doesn't matter if the Indian govt (2nd highest EM govt debt level)borrows domestically or from overseas because the entire country is in trouble.

The US has a similar situation but they hold the world's reserve currency. Japan runs a huge surplus. India has neither.

(Quote Originally Posted by aramsogo)

 

[Roybot]

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.

OP is chinese.

 

[Icewolf]

Joke!

India has the 4th worst current account deficit of any EM nation. The country as a whole needs to borrow from the world just to survive. The govt needs to borrow just to survive too. It doesn't matter if the Indian govt (2nd highest EM govt debt level)borrows domestically or from overseas because the entire country is in trouble.

The US has a similar situation but they hold the world's reserve currency. Japan runs a huge surplus. India has neither.

cool but your repeated your post

 

[davidson]

The U.S. government has a technology, called a printing press (or, today, its electronic ... The Fed can print money)

 

[IndoUS]

The U.S. government has a technology, called a printing press (or, today, its electronic ... The Fed can print money)

Yes, but it will also affect the US economy, it will result in inflation and investors and other countries will start to loose trust in the US. With China already beating over a new international currency, the move of printing and creating more money will further affect the economy and only increase the growing voice of China.

 

[Icewolf]

The U.S. government has a technology, called a printing press (or, today, its electronic ... The Fed can print money)

it costs money to print and that will put 50% inflation on you

 

[jbond197]

Stop discussing US with China man, for god sake!!

 

[IndoUS]

Any how the economy is doing much better, most of the government debt is because of the large infrastructure investment that the government is doing. Right now it will seem as if we are drowning over selves but only after these projects are done and there is better transportation of resources and better standing in the country social and living standards can we see the good results coming in.

 

[davidson]

Any how the economy is doing much better, most of the government debt is because of the large infrastructure investment that the government is doing. Right now it will seem as if we are drowning over selves but only after these projects are done and there is better transportation of resources and better standing in the country social and living standards can we see the good results coming in.

India's power infrastructure? Or other areas of infrastructure such as roads for example? We are very doubtful. While financing projects is all very fine, the matter does not end there. Execution remains the key.

And on this front, history has laid bare, the government's inefficiency. As Ajit Dayal, the founder of Equitymaster has rightly pointed out that.

Building a road to disaster? - The Honest Truth By Ajit Dayal

 

[davidson]

Ajit Dayal is right, there is no "quick fix" solution to Indias Infrastructure problems. The planning is in place but the execution is downright poor. The execution with an efficiency of 99.9% is going to be the order of the day. 98% efficiency is not acceptable.

 

[davidson]

India deficit - This is the most important number in Indian economy, and it's very bad. India's deficit now is deeper in red than USA!

 

[Birbal]

Joke!

India has the 4th worst current account deficit of any EM nation. The country as a whole needs to borrow from the world just to survive. The govt needs to borrow just to survive too. It doesn't matter if the Indian govt (2nd highest EM govt debt level)borrows domestically or from overseas because the entire country is in trouble.

The US has a similar situation but they hold the world's reserve currency. Japan runs a huge surplus. India has neither.

(Quote Originally Posted by aramsogo)

That isn't so bad when you consider that India has either the 2nd or 3rd highest GDP of the EM nations (depending on wether you take purchasing parity into account or not).

 

[Birbal]

India deficit - This is the most important number in Indian economy, and it's very bad. India's deficit now is deeper in red than USA!

None commenting here on this topic, goes to show, 99% of Indians don't know much about Deficit, debt/GDP ratio, trade imbalance. If India continues in this path, India will collapse very soon, just believe me.

I've shown clear evidence that India is not deeper in red than the USA. Since you continue to post in all bold and are clearly trolling, I have reported your post.

 

[IndoUS]

India deficit - This is the most important number in Indian economy, and it's very bad. India's deficit now is deeper in red than USA!

You can't build infrastructure out of thin air, it needs enormous amount of cash and that is why the government is going in deficit. The debt compared to US is nothing US debt is 100% of the GDP and you can't deny it. The reason India is able to maintain its deficit and still spend money is because of its economic growth. And to maintain the economic growth we need better infrastructure so that foreign investors can trust that business can be done fast without delays.

 

[davidson]

I've shown clear evidence that India is not deeper in red than the USA. Since you continue to post in all bold and are clearly trolling, I have reported your post.

I just tell the truth, We US can print money, QE1, QE2, QE3...and go on, because USA dollar is the World's Reserve Currency (Our secret Weapon). India has neither.