India to be fastest-growing economy globally in both 2022 and 2023: IMF

[pikkuboss]

This is getting even more ridiculous. Why should that be of any relevance here? On one hand I gave you statistics, on other hand you give me your "personal experience".
Are you telling me your personal experience is more relevant than the research here?

Where do these banks derive their data from? The income you disclose to them while you open bank account right? Or salary credit to your bank account every month? These data don't reflect the original picture of rural economy. Nobody takes their pay in bank account and file income tax in rural areas. My own experience is more credible than these graphs.

India will be fastest growing majority for next two and half decades atleast in majority of years. Competition shall be between India, BD, vietnam and Indonesia.

India and Bangladesh together will beat Indonesia in coming decade. Indonesia will be stuck in middle income trap.

 

[Surya 1]

Where do these banks derive their data from? The income you disclose to them while you open bank account right? Or salary credit to your bank account every month? These data don't reflect the original picture of rural economy. Nobody takes their pay in bank account and file income tax in rural areas. My own experience is more credible than these graphs.


India and Bangladesh together will beat Indonesia in coming decade. Indonesia will be stuck in middle income trap.

Yes, but Indonesia will be among the fastest economy and one of the major economy. Old china with average age of 45 will be a midiocre country and mate the same fate as Japan today.

 

[Black Tornado]

Ridiculous logic -

1. Does that mean Rs devalued by half, if their income doubled?
2. The highest growth recorded in past 6 years is about 1.5%, so I very much doubt your claim of doubling the income.

Inflation and currency devaluation take a toll as well, and this has hit everyone hard. And these surveys are mostly rubbish unless they surey the entirety of the country’s rural population. Census is more credible than any NGO or company’s surveys.

 

[pikkuboss]

That's the effect of eating cow dung for breakfast.

Why would you come to personal attack on a discussion? I would have said worst things to you but I am a calm person, I don't take uncivilized people like you seriously so I will just report your post.

 

[StraightEdge]

Why would you come to personal attack on a discussion? I would have said worst things to you but I am a calm person, I don't take uncivilized people like you seriously so I will just report your post.

It's not a "discussion" anymore when you claim you know more than a survey.

 

[pikkuboss]

It's not a "discussion" anymore when you claim you know more than a survey.

I am taking from the ground. I am facing labour shortage for my work even after hiking pays. I have expressed what I felt in recent times, unlike you who is a keyboard warrior and have no connection with ground reality. Doctors visit before pandemic was 500 rupees, now it's 1000. 100% increase. We used to get labour to do our chores at 300 per day, now they don't agree below 450-500 and yes this is rural area in West Bengal, one of the lowest paying states in India.

 

[StraightEdge]

I am taking from the ground. I am facing labour shortage for my work even after hiking pays. I have expressed what I felt in recent times, unlike you who is a keyboard warrior and have no connection with ground reality. Doctors visit before pandemic was 500 rupees, now it's 1000. 100% increase. We used to get labour to do our chores at 300 per day, now they don't agree below 450-500 and yes this is rural area in West Bengal, one of the lowest paying states in India.

yeah, completely believable statistics. You think everyone is a buffoon here?

India’s unemployment problem surges to 7.83 per cent in April - The New Indian Express

Now, do you claim you know more than CMIE as well?

 

[Indos]

We need to see Q1 2022 real growth first that for India will come up in late May. I dont know why they put India GDP growth so high despite Q 4 2021 shows around 5 % growth.

We will see real figure soon, I will save this thread, my prediction India economic growth will not far from Q4 2021 figure which is around 5 %

I see bias in IMF as too many Indians are there

Here, there are 2 Indians out of 4 IMF analysts in this recent IMF livestreaming

Waiting India GDP Jan-March 2022 figure to come up........... @Bilal9

 

[pikkuboss]

Waiting India GDP Jan-March 2022 figure to come up........... @Bilal9

Q4 will be down due to lockdown in January and February.

 

[Indos]

Q4 will be down due to lockdown in January and February.

Excuse, excuse, not hard lock down, but mild,

Indonesia is also struck by Omicron in Q 1 and has imposed several restriction as well

High energy and commodity prices, The Fed tightening policy, inflation are the main cause that later get exacerbated with Russian -Ukraine war since late February. Omicron rapid infection is similar like every body else in the world.

India GDP in 2022 is also not helped by low based of 2020 GDP anymore ( due to tight lock down)

 

[pikkuboss]

Excuse, excuse, not hard lock down, but mild,

Indonesia is also struck by Omicron in Q 1 and has imposed several restriction as well

Ok, I expect 4-4.5% growth.

 

[Indos]

We need to see Q1 2022 real growth first that for India will come up in late May. I dont know why they put India GDP growth so high despite Q 4 2021 shows around 5 % growth.

We will see real figure soon, I will save this thread, my prediction India economic growth will not far from Q4 2021 figure which is around 5 %

I see bias in IMF as too many Indians are there

Here, there are 2 Indians out of 4 IMF analysts in this recent IMF livestreaming

Six Indian member laugh on my post and here we are the real number @Bilal9


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India GDP Live Updates: India's economy grew by 4.1 per cent in the fourth quarter of 2021-22, pushing up the annual growth rate to 8.7 per cent, official data showed on Tuesday.

However, growth in the January-March period was slower than the 5.4 per cent expansion in the previous October-December quarter of 2021-22. The gross domestic product (GDP) had expanded by 2.5 per cent in the corresponding January-March period of 2020-21, according to data released by the National Statistical Office (NSO).

As per the data, the Indian economy expanded by 8.7 per cent in 2021-22 against a 6.6 per cent contraction in 2020-21. The NSO, in its second advance estimate, had projected GDP growth during 2021-22 at 8.9 per cent China had registered an economic growth of 4.8 per cent in the first three months of 2022.


Meanwhile, fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised Budget Estimates, according to government data released on Tuesday. Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) said that the fiscal deficit in the absolute terms was be Rs 15,86,537 crore (provisional).

The revenue deficit at the end of 2021-22 was 4.37 per cent. For the last financial year, the government had initially pegged the fiscal deficit at 6.8 per cent of the GDP in the budget presented in February 2021. The government in the revised estimates in the Budget for 2022-23 forecast a higher fiscal deficit of 6.9 per cent of the GDP or Rs 15,91,089 crore for the fiscal ended in March.

Stagflationary risk to India quite low compared to other countries, says CEA - The Economic Times

Stagflationary risk to India quite low compared to other countries, says CEA - The Economic Times

economictimes.indiatimes.com

 

[Indos]

@Wood why lough ?????

No, hurt feeling mate, it is just my analyst seems better than Indian economist in IMF and in their Central Bank

 

[Cheepek]

Indian government estimates 8.9%.
IMF predicts 8.9%.
India's real GDP growth comes at 8.7%.

Le some random Indonesian maulvi: I know better than IMF and your economists.

 

[pikkuboss]

Six Indian member laugh on my post and here we are the real number @Bilal9


---------------------------------------------------------------



India GDP Live Updates: India's economy grew by 4.1 per cent in the fourth quarter of 2021-22, pushing up the annual growth rate to 8.7 per cent, official data showed on Tuesday.

However, growth in the January-March period was slower than the 5.4 per cent expansion in the previous October-December quarter of 2021-22. The gross domestic product (GDP) had expanded by 2.5 per cent in the corresponding January-March period of 2020-21, according to data released by the National Statistical Office (NSO).

As per the data, the Indian economy expanded by 8.7 per cent in 2021-22 against a 6.6 per cent contraction in 2020-21. The NSO, in its second advance estimate, had projected GDP growth during 2021-22 at 8.9 per cent China had registered an economic growth of 4.8 per cent in the first three months of 2022.


Meanwhile, fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised Budget Estimates, according to government data released on Tuesday. Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) said that the fiscal deficit in the absolute terms was be Rs 15,86,537 crore (provisional).

The revenue deficit at the end of 2021-22 was 4.37 per cent. For the last financial year, the government had initially pegged the fiscal deficit at 6.8 per cent of the GDP in the budget presented in February 2021. The government in the revised estimates in the Budget for 2022-23 forecast a higher fiscal deficit of 6.9 per cent of the GDP or Rs 15,91,089 crore for the fiscal ended in March.

Stagflationary risk to India quite low compared to other countries, says CEA - The Economic Times

Stagflationary risk to India quite low compared to other countries, says CEA - The Economic Times

economictimes.indiatimes.com

How to know if GDP has crossed 3 trillion in dollar terms or not?

Indian government estimates 8.9%.
IMF predicts 8.9%.
India's real GDP growth comes at 8.7%.

Pretty accurate projection, if not for the Omicron I think. How to check GDP figure in dollar terms?