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Indian economy to grow 3 percent in 2012-2013: BBC report

Welcome king of statistics Mr.Haq.....
Wonder how BBC reports turn gold when it reports about India and the same BBC becomes western propagandaaaa when a short film about some terrorists supported by some random goody country.....
and also just like that IMF reports turns unreliable when its on India and the same IMF prediction becomes god when it says something will overtake US in next 4 or 5 years....
I really smell something fishy in here..........
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Very bad more spending on defence will destroy Indian economy and poverty is increasing day by day.:sick:
 
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http://www.hindustantimes.com/busin...oles-in-the-growth-story/Article1-849265.aspx
What has S&P said about India?

S&P has lowered India’s credit outlook to negative citing fresh question marks over the economy’s fundamentals. What is credit rating all about? A credit rating evaluates the creditworthiness of a borrower. Corporations and governments issue bonds to borrow money.
What does it mean in respect of bonds?

When you buy a bond, you are lending your money to someone — the government or a private company, which promises to repay you within a specified tenure. Credit ratings represent the ability of the bond issuer to repay. A higher rating implies that the bond issuer has a lower likelihood of defaulting on payments.

How are they calculated?

There are no specific mathematical formulae. Agencies use public information available, historical trends, discussions with government officials and future outlook to determine credit ratings.

What is the rating scale?

Rating scale is as follows, from excellent to poor: AAA, AA+, AA, AA-, A+, A, A-, BBB+, BBB, BBB-, BB+, BB, BB-, B+, B, B-, CCC+, CCC, CCC-, CC, C, D. Anything lower than a BBB- rating is considered risky.

Who calculates credit rating?

Dun & Bradstreet, Moody’s, Standard and Poor’s (S&P) and Fitch Ratings are among the ones which operate worldwide. In India, commercial credit rating agencies include CRISIL, CARE and ICRA among others. Whom does the credit rating benefit? It is used by individuals and entities that buy bonds issued by firms and governments to determine whether the borrower will repay as promised.

What has S&P said about India’s sovereign rating?

S&P has maintained India’s sovereign rating at BBB- and the rating agency has warned that India faces at least a one-in-three chance of its ratings downgraded in the next two years. The BBB- rating is one notch above “junk,” which carries a higher risk of default.

What is a junk bond?

Bonds that have higher credit rating are also known as investment-grade bonds. Bonds that have very low credit rating are known as junk bonds because of a stronger likelihood of default.

Why has S&P lowered its outlook on the Indian economy?

The agency is of the view that widening current account deficit or the gap between imports and exports is set to reach alarming levels. This will reduce the government’s elbow room to borrow and spend its way out of a crisis. Besides, “political gridlock” is delaying attempts to reduce a mounting subsidy bill on fuel and fertilisers. Introduction of Goods and Services Tax or GST is important to push growth and there has been a standstill on easing of foreign investment norms in insurance, banking and retail.

Should I be worried?

If you have a regular day job —teacher, manager, doctor, software engineer, real estate consultant and so on — you have little to worry about now. But a weakening economy could prompt companies to defer capacity expansion activities, cut down on hiring plans and reduces job prospects.

Has any other agency also aired similar views about India?

Yes. Moody’s has also raised fresh questions over India’s economic health. Moody’s Analytics termed the government as the “single biggest drag” on India’s business activity. “The single biggest factor weighing on the outlook is the Indian government. In all economies it is impossible to separate the economic from the political outlook, and that is particularly the case in India,” Moody’s Analytics senior economist Glenn Levine said in a commentary last week.

Has similar comments been made about other economies, especially the US?

Yes. Last year, S&P downgraded the US government’s credit rating from AAA to AA+. The delay by US lawmakers to reach a consensus on containing the country’s spiralling debt led S&P to dock the credit ratings. Most recently, last week, S&P cut Spain’s credit rating by two notches to BBB+ and warned about worsening fiscal situation in the European economy.

this is nice factsheet from hindustantimes. plain and easy reading.
 
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It's the newest estimate.
spare us from ur one-liners..mr high IQ.

PDF is just becoming a new propaganda tool in the hands of few trolls. its time about mods wake up this partial ( I know they want to have fun, at the expense of India, but there has to certain limits on that if you are running an International forum) and irresponsible behavior is not expected.
 
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hmmm only 3%? And here we find too much arrogant indians who felt their economy above all world.
 
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Rubbish.....seriously BBC quality has gone down.....3% growth for a country like India is impossible:disagree:
See rest of the reports if anyone doesn't believe me...

Very bad more spending on defence will destroy Indian economy and poverty is increasing day by day.:sick:
1.9% spending will destroy India??:lol:
 
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here's another bad news, inflation rise unexpectedly.

benchmark wholesale-price index rose 7.23 percent from a year earlier, after climbing 6.89 percent in March.

India Inflation Unexpectedly Quickens, Curbing Rate-Cut Room - Bloomberg

You know what. Lots of Indians will jump in to smear you and your message in any way they can. Their fragile egos can't handle the fact the Indian economy is going down the toilet, as their egos going down there as well. Brace yourself.
 
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