India's Economy May Expand 9.7% This Year, More Than Forecast, IMF Says

[jayron]

You tired of hearing Boo Dicksons and Dingbangs back home?

Or is it fo fu@k lai

 

[Kinetic]

btw, I am eagerly anticipating another "von Diksh!t" on the forum ...

You are PhD in economic or anything else???

 

[conworldus]

The definition of middle class in India bloats the number. India defines middle being US $2 a day to US $20, so ($720-7200 a year). If you go by western definition, India's middle class shrinks down to just a few million.

 

[Water Car Engineer]

By Speeder 2 (Ph.D in Economics, 2010)

You can be anything you want in the internet. Please dont tell us this.

 

[Kinetic]

^^^

“you forget India’s private sector?” Pathetically tiny compared to China’s

“India’s service sector “ - One of the biggest myths behind India “superpower” wet dream.

“Unlike China is export based..” Lie 1.

“Indian economy … rapidly expanding middle class (over 350 million)” Lie 2, unless your Indian “middle class” defined as one who is able to feed 3X a day. ( the EU has about 350 million middle class btw. Then what is the GDP of the EU compared to India’s? )

“Inflation… is down to 8.5 %”. Lie 3.

“Infact consumption based economies are far more stable than export based economies” Lie 4.

Your knowledge shown tells that you’re no more than a high school dropout quite obviously. Don’t waste my time. Oh, have you indians become that pathetic to call yourself whiteman "von" and "van" now?

The true color of a self proclaimed PhD. I think his earlier post was copied from some where else....

 

[Kinetic]

The definition of middle class in India bloats the number. India defines middle being US $2 a day to US $20, so ($720-7200 a year). If you go by western definition, India's middle class shrinks down to just a few million.

In PPP it is $ 21600. Whats called middle class in other countries???

 

[Von Hölle]

The definition of middle class in India bloats the number. India defines middle being US $2 a day to US $20, so ($720-7200 a year). If you go by western definition, India's middle class shrinks down to just a few million.

But again you forget India's PPP is three times the nominal..so a person earning $2 day will have similar purchasing power as person earning $6 a day in US.

 

[jha]

btw, I am eagerly anticipating another "von Diksh!t" on the forum ...

Whats your real name champ..Hu Fo@k mi..???
Dont go where you will get ur back kicked..

 

[jha]

The definition of middle class in India bloats the number. India defines middle being US $2 a day to US $20, so ($720-7200 a year). If you go by western definition, India's middle class shrinks down to just a few million.

Since you are talking in terms of economics, i guess you must have heard about a term called PPP. Since in case of India its 3 times the nominal value it becomes $2160 to $21600..Now what is the definition of middle class..??Any idea...???

 

[MYSTIC]

Yet how India grows, may I ask?

Where this so called +9% will come, or come, from?


China's growth mainly comes from:

1. the biggest govt investment/stimulus in the world ( as % of GDP) - the 2nd biggest spending in absolute term after the US , coupled with

2 world's #1 export machine, and together with

3 soon to be world's 2rd largest comsumer market bypassing Japan in the coming years according to Stanford professor Michael Spence (Nobel laureate in economics).

So this 'story" goes that India's imminent growth is almost the same as China's as the current data and the forecast suggest.

Since India has tiny govenment spending, a tiny export machine and a tiny domestic consumer market compared to China, the Question is obvious and pretty simple one :

WHERE India's +9% growth come, or will come, from ???


The Answer is pretty simple and straightforward as well:

India's growth is artificially "cooked".

There is no other explaination.

Why so? There are 2 obvious evidences to show that:

1. India's GDP deflator, the one used in calculation of its nominal GDP, has been severely underestimated by the Indian bookmakers during the past decade. That's why there is a relatively unrealistic HUGE gap between India's PPP and its nominal GDP.

2. As Nomenclature mentioned earlier, India's growth has been on the expenses of ridiculously high inflation, 2 double digit inflation in fact - at both CPI and wholesale levels. This is unique amongst all world's top 15 economies.


To put it simple, India's "growth" has been "eaten" already by its inflations.

It is "man-made" hence "cooked" by accounting bookmakers and Indian govt monetary policy makers via shortsighted hyper monetary polices which aim at boosting short-term growth on the expense of mid/long term one.

Hence India's "+9% growth" is not , or won't be, sustainable, indeed it is a walking timebomb.

This's also why, despite of all these "high growth" projected in India, its FDI is pathetically low compared to China.


By Speeder 2 (Ph.D in Economics, 2010)

A Ph.D questioning GDP figures that are based on assumption and adds a few more of his own assumptions to make himself happy.

Good job. Unlike China our books of accounts are open for others to review. And it is not India but the IMF that has expects India to grow at 9.7%

Also your argument regarding inflation rates is flawed.

 

[MYSTIC]

The definition of middle class in India bloats the number. India defines middle being US $2 a day to US $20, so ($720-7200 a year). If you go by western definition, India's middle class shrinks down to just a few million.

The FMCG sector generates a lot of demand. Also imagine the growth potential for housing. There is a lot of room for growth.

 

[prototype]

^^^

“you forget India’s private sector?” Pathetically tiny compared to China’s

Which is in turn pathetically small compared to Japanese and American,so now i will say ur 10+ growth rate is fabricated

“India’s service sector “ - One of the biggest myths behind India “superpower” wet dream.

Which generate 60% of our GDP,u fool u even know which industries r classified under service sector,the primary reason due to which we dont have to rely on exports and manufacturing is the same service industry

“Unlike China is export based..” Lie 1.

Again u phd in bigotry listen....with u so called explanation why r u still lagging behind U.S since u had an export market which is even bigger than them,so ur explanation of growth is that only field in which u excel

“Indian economy … rapidly expanding middle class (over 350 million)” Lie 2, unless your Indian “middle class” defined as one who is able to feed 3X a day. ( the EU has about 350 million middle class btw. Then what is the GDP of the EU compared to India’s? )

and where the hell ur middle class stands before Europe,so that means Chinese economy at $4 trillion is overrated,it works both way

“Inflation… is down to 8.5 %”.[/I] Lie 3.

Other than sh1ting what is lie and true provide a source

“Infact consumption based economies are far more stable than export based economies” Lie 4.

And did ur teddy bear told u Indian economy is not stable

Your knowledge shown tells that you’re no more than a high school dropout quite obviously. Don’t waste my time. Oh, have you indians become that pathetic to call yourself whiteman "von" and "van" now?

And ur knowledge shows that u r probably a kinder garden fail who pretends to b an uneducated economist with not even any single idea of economics and live a life blessed with identity crisis