I feel sad about Indian economy: Narayana Murthy

[lem34]

Like the Economist said, "India is living on hype".

They are fueled by their own hype, that is what drives and sustains their economy. Unfortunately, when the hype dies away, their economic fundamentals are extremely poor.

To the point where they were the only BRIC nation to be downgraded by S&P for poor economic fundamentals, with a follow-up warning from S&P that they will soon be downgraded to "junk" status.

Indian illusion = India is a shining superpower, far above all their neighbours.

Indian reality = More poverty and starvation than Africa, collapsing growth rates, and the only BRIC country that is being downgraded to "junk".

But how did you feel sir. I believe this thread is about how Indian economy is sad.

 

[Chinese-Dragon]

But how did you feel sir. I believe this thread is about how Indian economy is sad.

Honestly, I feel that anyone who survives by having a "big mouth and no action" (India) deserves everything they get.

I won't be surprised if it is downgraded to junk status. The Indian people in general are a bunch of selfish brutes.

Finally I agree with you.

And yes, it looks increasingly likely that S&P will follow up on their warning, to downgrade India to "junk" status.

After that, India will have no way to finance their massive fiscal/budget/trade deficits.

 

[JohnyD]

Like the Economist said, "India is living on hype".

They are fueled by their own hype, that is what drives and sustains their economy. Unfortunately, when the hype dies away, their economic fundamentals are extremely poor.

To the point where they were the only BRIC nation to be downgraded by S&P for poor economic fundamentals, with a follow-up warning from S&P that they will soon be downgraded to "junk" status.

Indian illusion = India is a shining superpower, far above all their neighbours.

Indian reality = More poverty and starvation than Africa, collapsing growth rates, and the only BRIC country that is being downgraded to "junk".

and what is your reality?..just try to understand why does chinese started copying things later after world war 2...what made it do that...bcoz most of them are not who they are claimed to be..even HK people say they are not Chinese...may be they are ashamed...what a country full of shamless people.... lofl

 

[Bond]

I feel sorry for chini troll and their pakistani cheerleaders...

I would like to express my sorrow as well.

 

[JohnyD]

Honestly, I feel that anyone who survives by having a "big mouth and no action" (India) deserves everything they get.

Honestly, I feel that anyone who survives by having disgusting life (read China) deservers everything they get

 

[junk]

I won't be surprised if it is downgraded to junk status. The Indian people in general are a bunch of selfish brutes - .

JUNK status ?? you mean my STATUS ??? how can it be "India is the Greatest of the Greatest, Supest of the Supest, Strongest of the Strongest, Fittest of the Fittest, Newest of the Newest, Fastest of the Fastest, Cleverer of the Cleverest, Hypest of the Hypest in short --- INDIA IS THE GREATEST SUPER HYPER POWER OF THE WORLD

 

[Jackdaws]

Honestly, I feel that anyone who survives by having a "big mouth and no action" (India) deserves everything they get.

Big mouth - yes but it is more wrong or rather self-serving action rather than no action. If you look at the bank balances of our esteemed Members of Parliament - you will realize that "no action" is untrue. Most of the action happens either to please political allies to keep govt going and the remaining happens to fill personal coffers. That is India today.

 

[lem34]

Honestly, I feel that anyone who survives by having a "big mouth and no action" (India) deserves everything they get.

Thank you Guru CD. I was feeling sad but your words of wisdom have cheered me up.

Now I noticed that sometime ago on other threads you were predicting this sad state of affairs for India. Would you like to act as oracle again?? Maybe you could cheer up some of our Indian friends.

 

[Jackdaws]

JUNK status ?? you mean my STATUS ??? how can it be "India is the Greatest of the Greatest, Supest of the Supest, Strongest of the Strongest, Fittest of the Fittest, Newest of the Newest, Fastest of the Fastest, Cleverer of the Cleverest, Hypest of the Hypest in short --- INDIA IS THE GREATEST SUPER HYPER POWER OF THE WORLD

I have over 2200 posts - find me a single post where I have made such wild claims.

 

[lem34]

JUNK status ?? you mean my STATUS ??? how can it be "India is the Greatest of the Greatest, Supest of the Supest, Strongest of the Strongest, Fittest of the Fittest, Newest of the Newest, Fastest of the Fastest, Cleverer of the Cleverest, Hypest of the Hypest in short --- INDIA IS THE GREATEST SUPER HYPER POWER OF THE WORLD

But today we are talking about some hyper sadness about Indian economy as the thread title goes.

 

[Jackdaws]

But today we are talking about some hyper sadness about Indian economy as the thread title goes.

What's below S&P's "junk" status? Should be "Pakistani" - come on dude. Your country lives a hand-to-mouth existence - always dependent on some form of aid or some form of war in a neighboring country.

 

[Chinese-Dragon]

Thank you Guru CD. I was feeling sad but your words of wisdom have cheered me up.

Now I noticed that sometime ago on other threads you were predicting this sad state of affairs for India. Would you like to act as oracle again?? Maybe you could cheer up some of our Indian friends.

I never make predictions of the future. I feel that it is ridiculous to do so, since obviously no one can see the future.

The big corporations only make these predictions in order to get some attention, most of the statistical "assumptions" they make are WAY off (such as predicting future growth rates), and they know it themselves. Which is why they are usually more skeptical of their own reports than the average layman.

If you asked me for my personal opinion though, any country with poor economic fundamentals can only grow fast for so long. The three years from 2004-2007 were just a statistical anomaly, in which the entire world was going through a "boom period".

Like the Economist said, taking those three years on their own to assume that India's growth rate will keep rising, is a logical fallacy. And clearly it was wrong, as we all see now.

 

[JohnyD]

But today we are talking about some hyper sadness about Indian economy as the thread title goes.

aa gaya kati patang.....for your information, this thread is about economy.... u know what is economy?...sorry to say so but i ve seen u always been a jahil and extremist...so just thought of alerting you…lol

 

[IndoCarib]

The latest news on Indian economy

India to grow 6.9 percent in 2012-13: World Bank

"The Indian economy will grow by 6.9 percent in this financial year (2012-13) notwithstanding problems like policy uncertainties, fiscal deficit and inflation, the World Bank projected today, while cautioning that developing nations will have to face tougher times.

“India will see growth (measured at factor cost) increasing to 6.9, 7.2 and 7.4 percent in fiscal years 2012-13, 2013-14 and 2014-15, respectively,” the World Bank said in the report titled Global Economic Prospects."


India to grow 6.9 percent in 2012-13: World Bank | Firstpost


And world bank is not Indian

 

[lem34]

I
If you asked me for my personal opinion though, any country with poor economic fundamentals can only grow fast for so long. The years from 2004-2007 were just a statistical anomaly, in which the entire world was going through a "boom period".

Like the Economist said, taking those three years on their own to assume that India's growth rate will keep rising, is a logical fallacy. And clearly it was wrong, as we all see now.

Do you think the Indian govt may have been massaging figures?? Maybe the growth was not really that high at all?