“India Shining”? Or the Greece of Asia?

[ADAMANSKA]

Pakistan = Somalia on steroids then?

Somalia on Viagra. That's the reason they are always so excited.

 

[r3alist]

india cant be the greece of asia - the greeks have an exceptional history

 

[R0H1T]

india cant be the greece of asia - the greeks have an exceptional history

Its not like we(IND/PAK) don't have a great history ourselves

 

[laman12345]

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]

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

That graph is not from this thread !! Why are you cross posting between 2 different threads ? I guess the whole forum knows who the real joker is Bye 'layman12345' !!!

 

[Splurgenxs]

Indian fiscal year starts/ends at March-April 2012.

 

[Dance]

Indian growth slump falls hardest on the poor

INDIA'S poorest did not need to see the country's latest quarterly growth figures yesterday -- showing a four-year slump -- to know the shine has rubbed off the subcontinent's economic miracle.

Hours before the latest gross domestic product results revealed a fourth-quarter growth rate of just 5.3 per cent, millions of workers joined a national strike to protest against a steep increase in petrol prices.

Trains and transport services ground to a halt yesterday and angry mobs blocked roads in some cities.

The dire January-March performance -- the lowest quarterly result since the 2008 global financial crisis -- has slammed the brakes on India's already sluggish economy, forcing annual growth to 6.5 per cent, below the 6.9 per cent predicted, and far below the 8.4 per cent of the previous year.

While a 6.5 per cent growth rate may seem high compared with the struggling economies of Europe, experts say India must expand its economy annually by 9-10 per cent if it is to reduce widespread poverty.


The Confederation of Indian Industry responded to the results by demanding "immediate and bold actions" to salvage the economy. Other analysts also called for the government to "step on the panic button" and institute reforms to stimulate investment.

Despite a growing middle class, India remains a stark study in contrasts. While the poor yesterday rebelled against a government that has presided over a steady increase in the cost of food staples and fuel, a day earlier hundreds of middle-class Delhiites jostled outside India's newest Dunkin' Donuts outlet.

The company announced that its sales in India were almost 30 per cent higher than expected, and 500 new stores are planned for the country.

India's sluggish growth figures will do nothing for the sinking rupee, which hit a new low of 56.47 rupees to the US dollar yesterday. The weakened currency is compounding the misery of the poor by stoking inflation, which is already above 7 per cent.


| The Australian

 

[Sashan]

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.

 

[laman12345]

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.

No No No No, Not only decrease of GDP, India debt ratio is more worse than Spain, Will India Collapse?

1. China Huge trade surplus
1. India Huge trade deficit

2. China low inflation
2. India high inflation

3. China Low Debt
3. India High Debt

4. China low unemployment (too many jobs, not enough labour hehe)
4. India high unemployment

5. China $ rises to historically HIGH
5. India $ drops to historically LOW

India debt ratio is more worse than Spain! Fix it quickly or your doomed country will collapse faster than Spain

 

[oFFbEAT]

^^^^^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.......

 

[kewell333]

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

Sorry..I forgot India is BBB- wiht Negative, will be downgrade to junk in coming year.

By the way, maybe you can teach us what is the nation debt .

^^^^^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.......

Every country has doom time...Don't worry, you still have great potential.

 

[oct605032048]

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%.

Remarkable achievement for Indians in these days.

 

[RFS_Br]

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.

 

[Chinese-Dragon]

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".

 

[faithfulguy]

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".

But the Indian members in this forum won't feel the economic downturn. They are the sons of rich and powerful that has nothing to do all day except trolling in this forum. Most Indians I know I hard working and honest. Very different from the Indians in this forum.