Indian Economy-News & Updates

[laman12345]

India GDP was 1.8 trillion in 2011

Wake up dreaming

1. US 1.8 trillions (Dec,2011)

2. But Rupee falling over 30% since 2012

3. now 1.8 / 30% = 1.3 trillions only

($56 rupee/ $1 US most updated)

 

[conworldus]

Wake up dreaming

1. US 1.8 trillions (Dec,2011)

2. But Rupee falling over 30% since 2012

3. now 1.8 / 30% = 1.3 trillions only

($56 rupee/ $1 US most updated)

India 2011 GDP final figure per IMF data is 1.676 trillion.

You can't simply subtract 30% and call it contraction because GDP needs to be converted with average exchange rate throughout the given year when expressed in US dollars. India GDP is calculated using rupees so therefore, the real GDP data in rupees is a better indicator than the US dollars.

Nonetheless, a lowered dollar term GDP indicates a drop in India's external purchasing power.

 

[Bobby]

omg!................................



Tell me, what is 8% of 1.5 trillion GDP (India)?

Then tell me what is 8% of 7.3 trillion GDP (China)?

As you can see, even if India had the same percentage growth rate as China, we would still be adding more than four times as much to our economy every year.

Even America with only 1% growth (of 15 trillion) is adding far more to their economy every year than India is.

India growth came down 8% to 5.5 % (slow down of 2.5%) and China came down from 9.5% to 7% (slow down of 2.5%)

Since China is 3.5 times bigger economy ...it is facing bigger slow down 2.5 % of 7.3 trillion dollar vs 2.5 % of 1.8 trillion dollar of India

 

[laman12345]

India growth came down 8% to 5.5 % (slow down of 2.5%) and China came down from 9.5% to 7% (slow down of 2.5%)

Since China is 3.5 times bigger economy ...it is facing bigger slow down 2.5 % of 7.3 trillion dollar vs 2.5 % of 1.8 trillion dollar of India

your data is wrong, what a stupid

 

[Boson]

India revs up rare earth production to join big league

India revs up rare earth production to join big league - India - DNA

 

[Yogi]

Five Indian firms like Infosys, TCS & others among Forbes list of world's most innovative companies

WASHINGTON: Five Indian companies including Larsen & Toubro, Hindustan Unilever and Infosys are ranked on Forbes magazine's list of "The World's Most Innovative Companies" topped by four US companies.

Larsen & Toubro with an annual sales growth of 19 percent is ranked ninth in the world followed by Hindustan Unilever (12) with 11.4 percent. Infosys (19) comes third with 12.7 percent growth thanks to what the US business magazine called a lower "innovation premium."

This measures the difference between the value of the company's existing businesses and its expected future innovations. Companies must also have $10 billion in market capitalization and spend at least one percent of their asset base on research and development.

Tata Consultancy Services (29) with 19.5 percent was fourth among Indian companies with Sun Pharmaceutical Industries (38) with a 14.6 growth bringing up the rear.

Four US companies- Cloud computing king Salesforce.com, drug major Alexion Pharmaceuticals, internet retail giant Amazon.com and open source software leader Red Hat took the top four places.

Forbes said its analyses show at least three key things that the innovative companies do to create and sustain an innovation premium. These were: How well companies leverage people, process, and philosophies, differentiates the best in class from the next in class when it comes to keeping innovation alive and delivering an innovation premium year after year.

Forbes also featured S.D. Shibulal, cofounder and CEO of Infosys (#19 this year; #15 last), calling him "both observer and experimenter." In his 30 years at Infosys Shibulal says "there is nothing that I have not done."

He was the first sales person, has done account management, launched its internet consulting practice, is a network expert, helped design and launch its first ecommerce application, and has been the head of both delivery and sales, the magazine noted.

To get a new perspective, Shibulal took a five year sabbatical to work for another firm, Sun Microsystems, Forbes said. He's also known as an experimenter and "gadget freak" and revered as a "gizmo guru."

Forbes said it had found that successful leaders personally understand how innovation happens and they try to imprint their behaviours as processes and philosophies within their organization.

Five Indian firms like Infosys, TCS & others among Forbes list of world's most innovative companies - The Economic Times

 

[cloud_9]

ONGC buys Hess stake in Azeri field for $1 billion

NEW YORK: Hess Corp agreed to sell its 2.72 percent stake in the large Azeri, Chirag and Guneshli(ACG) group of oil fields in Azerbaijan as well as its 2.36 percent stake in an associated pipeline to ONGC for $1 billion. Hess said that ONGC's foreign investment arm ONGC Videsh will buy the assets in a deal it expects to close in the first quarter of 2013. It is subject to Indian and other regulatory approvals.

Hess said the sale was part of an asset sale program under which it is trimming mature assets, as well as stakes in projects in which it only holds a small working interest. It said it has announce nearly $2 billion in sales this year.

The BP-operated ACG oilfields are in the Caspian Sea around 100 kilometers east of Baku.

ACG accounts for the lion's share of Azeri production and is the main source of crude for a pipeline which runs via Georgia to the Mediterranean port of Ceyhan in Turkey.

In August, The BP-led Azerbaijan International Operating Company (AIOC) reported that output at the oilfields over the first six months of 2012 declined to levels not seen since 2007, producing 16.8 million tonnes or 682,154 barrels per day (bpd) in January-June compared to 19.0 million tonnes a year earlier.

Local officials attributed the output fall at the project, which has total reserves of over 6.5 billion barrels, to repair work on some drilling platforms and refineries.

The country expects its oil output to rise in 2013 thanks to the start of the next stage in ACG's development

VE Commercial Vehicles to invest Rs 1,000 cr by 2013 to expand business

NEW DELHI: VE Commercial Vehicles Ltd today said it will invest Rs 1,000 crore by 2013 on various activities, including expansion of engine production capacity, launch new products and enhancing R&D.

"We have set a capex of Rs 1,000 crore for 2012 and 2013. Our investment plans are on track and there is no downturn effect on it," VECV Managing Director Siddhartha Lal told reporters on the sidelines of SIAM annual convention here.

The investment will go into various areas, including ramping up engine production capacities, enhancing R&D infrastructure, developing new products and strengthening distribution and after sales network, he added.

The firm has a capacity to produce 60,000 engines a year. It is setting up a new plant to roll out one lakh engines, which is based on Volvo technology, every year.

The new plant will be commissioned by the middle of next year, Lal added.

Talking about new products he said: "We have launched a 14 tonne truck in this fiscal. The next new product will come by the end of 2013 and in between we will have refreshes and variants of our existing products."

VEVC is a 50-50 joint venture between the Volvo Group and Eicher Motors Ltd. Apart from manufacturing and selling of Eicher branded trucks and buses, the company is also responsible for sales and distribution business of Volvo trucks within India.

 

[karan21]

India GDP was 1.8 trillion in 2011

Leave it they are only here for trolling.

 

[shuttler]

India 2011 GDP final figure per IMF data is 1.676 trillion.

You can't simply subtract 30% and call it contraction because GDP needs to be converted with average exchange rate throughout the given year when expressed in US dollars. India GDP is calculated using rupees so therefore, the real GDP data in rupees is a better indicator than the US dollars.

Nonetheless, a lowered dollar term GDP indicates a drop in India's external purchasing power.

Let's not getting too much fuss on the historical rates of indians 2011 gdp. the position of the trend of the rupee against the dollar is terrible when india depends so much on oil imports:

 

[Bobby]

 

[shuttler]

you dont see the impact of the two charts on your economy do you! how sad!

 

[palash_kol]

you dont see the impact of the two charts on your economy do you! how sad!

Shuttler... These two chart can easily be understandable. Everyone can understand it.

The point is that you dont understand that somebody can understand.

You are like infant boy - always pretending to be too clever. Just grow up and be professional.

Leave Indian economy to the us because we can better handle than you and you can leave this Indian Economy section because there is nothing you better can do rather than flaming the thread.

 

[TopCat]

Shuttler... These two chart can easily be understandable. Everyone can understand it.

The point is that you dont understand that somebody can understand.

You are like infant boy - always pretending to be too clever. Just grow up and be professional.

Leave Indian economy to the us because we can better handle than you and you can leave this Indian Economy section because there is nothing you better can do rather than flaming the thread.

I think some Chinese experts just opened our eyes regarding Indian economy. Why do you want to chase them out. We are benefited.

 

[shuttler]

Shuttler... These two chart can easily be understandable. Everyone can understand it.

The point is that you dont understand that somebody can understand.

tell us how much you know about it! that Bobby troll has given up who doesnt have a clue!

You are like infant boy - always pretending to be too clever. Just grow up and be professional.

I dont need to pretend anything

Leave Indian economy to the us because we can better handle than you and you can leave this Indian Economy section because there is nothing you better can do rather than flaming the thread.

I am not paid for fixing your economy!

what a normal comment that you people be twisted into the label of a flaming post! genius! You are free to post on the thread relating to our economy!

 

[cirr]

Domestic car sales down 19% in August

Last updated on: September 10, 2012 10:46 IST

Domestic passenger car sales declined by 18.56 per cent to 1,18,142 units in August 2012 compared to 1,45,066 units in the same month in 2011.

According to the data released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales in last month fell by 8.46 per cent to 7,66,127 units from 8,36,887 units in the same month previous year.

Domestic car sales down 19% in August - Rediff.com Business

oh dear，oh dear。。。