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

[CZAR]

no excitement just plain analysis if you bring up emotional content into the picture. What you said if were reasonable can be said the same to India vs China.

either this PMI is biased or you have to admit PMI figures does not translate to high economic output. this HSBC PMI for China has been constantly around 48 in the first half of 2012 yet it generate much better economic performance than it to India(54 on average). the same applies to the longer period over 2007 to 2012.

Gross domestic growth for China by now can be predicted around 8 pct for Jan-Jun 2012, India's number could be only 5 pct with decelerating trend.

there's nothing to be happy about this rather shady PMI number.

Analysis you say?! But it doesn't take a genius to figure out the deep seated prejudice, bias, insecurities and most importantly, emasculation, that motivates such rantings. And lets not call it analysis, for the sake of the word.

Next, I'll be the first to concede that china is head and shoulders above India. Hence, having figured out the formula for success the Chinese have the goods to back their talk. On the contrary, quite unlike your chrished and far superior ally, Pakistan has provided a development model which throws light on what NOT to do. And therefore, I was simply wondering how a nation bordering failure could lend unsolicited advice to another, which (economically) is doing a better job of keeping it together.

Next, your observation, if anything, only goes to show the insuffiency of indicators such as the PMI and IIP data. It doesn't in any way refute my argument that there is little credibility to claims of India falling, from a nation that lacks competence, is replete with failures and massages hurt pride by hoping to revel in the glory of its allies.

 

[Tumba]

do you seriously think you made that point? think about it if you can make both ends meet.

let me make this simple to you I know you have problem with this. Assume you imported 100 dollar item last year you spend 4500 Rupees, and this year you imported only 90 dollars and you have to pay 90*55=4950, your import shrinks 10 pct yet your import Rupee value increase 450/4500=10 pct,

would you say that 10 pct Rupee value increase is an increase of import?

you really need maths lesson let me show you the facts...


Indian Export May'11 25.9 Bil$ 45.04 INR(5/30/11) 1166.536 Bil INR
Indian import May'11 40.9 Bil$ 1842.136 Bil INR


Indian Export May'12 25.68 Bil$ -0.849420849 %Growth $ 56.2325INR(5/30/12) 1444.0506Bil INR 23.78963015 %Growth INR
Indian import May'12 41.9 Bil$ 2.444987775 %Growth $ 2356.14175 Bil INR 27.90270371 %Growth INR

these are the exact numbers from govt. sources ... now check in real terms Indian export jumped 23.78% ( that is a lot seeing the current global financial situation ....

 

[ephone]

Is that good?

BBC News - Five things wrong with India's economy

Isn't that still tons of deficit???

you really need maths lesson let me show you the facts...


Indian Export May'11 25.9 Bil$ 45.04 INR(5/30/11) 1166.536 Bil INR
Indian import May'11 40.9 Bil$ 1842.136 Bil INR


Indian Export May'12 25.68 Bil$ -0.849420849 %Growth $ 56.2325INR(5/30/12) 1444.0506Bil INR 23.78963015 %Growth INR
Indian import May'12 41.9 Bil$ 2.444987775 %Growth $ 2356.14175 Bil INR 27.90270371 %Growth INR

these are the exact numbers from govt. sources ... now check in real terms Indian export jumped 23.78% ( that is a lot seeing the current global financial situation ....

 

[Tumba]

Is that good?


Isn't that still tons of deficit???

yes there is a problem of deficit ... but you have to take in mind that most of this deficit is because of oil import and gold ... if we Indians can curb our unnecessary imports like gold our deficit will shrunk by 30-40% .. oil we can not reduce importing... that is why indian govt. has put huge duties on gold imports that will and is reducing the gold import ... and for the rest of deficit
balance of payments can easily be covered by FDI (stood at 50 Bil US $) and Remittances (Stood at 65 Bil US $) ...
and as India moves to manufacturing we will see steady improvements in deficit in coming years ...

 

[kawaraj]

you really need maths lesson let me show you the facts...


Indian Export May'11 25.9 Bil$ 45.04 INR(5/30/11) 1166.536 Bil INR
Indian import May'11 40.9 Bil$ 1842.136 Bil INR


Indian Export May'12 25.68 Bil$ -0.849420849 %Growth $ 560.2325INR(5/30/12) 14440.0506Bil INR 1023.78963015 %Growth INR
Indian import May'12 41.9 Bil$ 2.444987775 %Growth $ 20356.14175 Bil INR 1027.90270371 %Growth INR

these are the exact numbers from govt. sources ... now check in real terms Indian export jumped 23.78% ( that is a lot seeing the current global financial situation ....

I have nothing to say, you are a wonder.

let your INR depreciate to 560 to a dollar, you will see 1000 pct growth in Rupee term, see the magic?

 

[Tumba]

I have nothing to say, you are a wonder.

let your INR depreciate to 560 to a dollar, you will see 1000 pct growth in Rupee term, see the magic?

seriously ... you dumb kid ??? ... i just told you in real terms there was a growth in exports as in imports ... rupee was around 56 in may ... rupee will easily settle at around 50 .. to which it will appreciate in few months... then you will see Indian export when calculated in US $ would easily touch over 30-35 a month ,,,

 

[kawaraj]

seriously ... you dumb kid ??? ... i just told you in real terms there was a growth in exports as in imports ... rupee was around 56 in may ... rupee will easily settle at around 50 .. to which it will appreciate in few months... then you will see Indian export when calculated in US $ would easily touch over 30-35 a month ,,,

I got you point and you don't quite get what I suggested. Export and Import and tradeoffs, if you want to say hi, our export in real terms grows, which is good, though in Dollar terms it shrinks. but you cannot at the meanwhile claim that, our import grows too in real term, since import are valued by Dollars.

Fine guess both of us didn't read post careful.

And yeah I agree INR fall do have a positive effect on your export.

 

[peep]

I have nothing to say, you are a wonder.

let your INR depreciate to 560 to a dollar, you will see 1000 pct growth in Rupee term, see the magic?

The INR exchange rate as of this moment is 54.487. It appreciated by more than 1.52 Re in ONE day !! Got that ?????

When was the last time pak rupee appreciated by that amount u dumbo ?? Know that ?? NEVER !!

So stop worrying about us and better make sure your next door guy don't blow him up with u