Pakistan = Somalia on steroids then?
Somalia on Viagra. That's the reason they are always so excited.
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Pakistan = Somalia on steroids then?
Its not like we(IND/PAK) don't have a great history ourselvesindia cant be the greece of asia - the greeks have an exceptional history
You dont know the meaning of financial year !!! No point in further discussion with you
IndoCarib you are a joke
2010 - 2011 fiscal = 2010
2011 - 2012 fiscal = 2011
2011 GDP
1Q = 7.7%
2Q = 6.9%
3Q = 6.1%
4Q = 5.3%
India GDP sharply falling in 2011
IndoCarib you are a joke
2010 - 2011 fiscal = 2010
2011 - 2012 fiscal = 2011
2011 GDP
1Q = 7.7%
2Q = 6.9%
3Q = 6.1%
4Q = 5.3%
India GDP sharply falling in 2011
So are you predicting doomsday for India based on a decrease of GDP ? Why not learn from your own country's GDP growth especially the period between 1988 and 1991? 1988 - 11.3, 1989 and 1990 less than 5% growth and again climbed up - again a low in 1997 and 98 and the climb up.
So the ups and downs are nothing new.
Idgt go learn some economics before posting stuff about national debt & its correlation to fiscal deficit/expenditure ! Most of these high IQ CN mainland & HK residents' posts on PDF shows why they love to copy stuff & how the CPC artificially lowers the number of people BPL by employing this $ 0.02 army
^^^^^You are right......Indians always talk big, while the real story is......
India's GDP growth falls to a decade low.....
GDP slows to nearly a decade low at 5.3% in Q4 - Hindustan Times
Indian currency hits all time low.....
Rupee hits all-time low of 56.50 vs US$
Inflation at record high along with corruption.............
Forex reserve decreasing due to unprecedented defense imports.....neglecting domestic industries...
The Govt. had been justifying inflation citing economic growth.....Now the Govt. is shamelessly admitting that the economic growth is lowest in a decade....
I don't know how to defend India in this case.......
The Rupee fell to a record low today as well.
Indian GDP growth falls to 5.3% - Financial Times
And India's economic growth dropped to 5.3%.
This is hardly an Indian thing. Countries that not much long ago were being hyped up -- Brazil, Russia, Germany -- saw their GDP growth falling down even before the alarms about India started to ring. To a lesser extent, China is also seeing its growth falter.
We should see the situation for what it is -- a global systemic crisis, one that will put the large majority of the countries of the world under pressure for the next years, or perhaps decades.
The difference of course, is that China/Russia/Brazil were not downgraded by S&P for poor economic fundamentals. India was.
India also has the worst budget/trade deficits in the BRIC nations.
Even Jim O'Neill, the economist who came up with the idea of BRIC, said that "India is the most disappointing of all".