Ignited Mind
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Source: PM Manmohan Singh's twitter account.
Source: PM Manmohan Singh's twitter account.
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Source: PM Manmohan Singh's twitter account.
Source: PM Manmohan Singh's twitter account.
We have another CONgressi here
Source: PM Manmohan Singh's twitter account.
Also key economic indicators:
Fiscal deficit at 5.8% (high)
True. Needs to be tackled.
jan-march 2012 quarter growth at 5.3% lowest in 9 years
True. The govt. needs to get out of its policy paralysis.
steepest price rise in petrol in all time
Tackling the fall of rupee is the only way out.
inflation around 7%
I don't think that's so bad for a fast growing economy. Inflation is a prime worry when it gets past 8-8.5.
investors does not want to invest because of retrospective tax laws
Again, tell that to the UPA govt. Although, I hope you're aware of the SC Vodafone verdict.
GDP growth of 6.5% is even lower than the 2008-09 recession period
Again, tell that to the UPA govt.
Rupee at its all time lowest at around 56.5 (around 25% depriciation in 1 year)
That's bad. It needs to be tackled. However, also look at the bright side. It's a great impetus for exports. Exports can help spur the industry and create more jobs. The net effect, though is bad, but is not as bad as the media would have you believe.
Not only the Rupee:
https://mninews.deutsche-boerse.com...an-sees-record-monthly-drop-global-fear-rises
People have to understand that neither China nor India can grow at the same pace they had in the past, in times of bank, economic and financial crisis in the west. Both of our countries are highly dependent on these countries, so when they tumble we will have problems too. Indias democratic system in this case will face even more trouble, since it is more difficult to react, but at the end of the day, it is still China and India that keeps pushing the world with their growth, otherwise the world recession would have been way worse now!
Not only the Rupee:
https://mninews.deutsche-boerse.com...an-sees-record-monthly-drop-global-fear-rises
People have to understand that neither China nor India can grow at the same pace they had in the past, in times of bank, economic and financial crisis in the west. Both of our countries are highly dependent on these countries, so when they tumble we will have problems too. Indias democratic system in this case will face even more trouble, since it is more difficult to react, but at the end of the day, it is still China and India that keeps pushing the world with their growth, otherwise the world recession would have been way worse now!
0.92% Fall in the Yuan. Is this even news worthy or are you guys just grasping at straws.
0.92% Fall in the Yuan. Is this even news worthy or are you guys just grasping at straws.
Must you splash your brains everywhere talking about a pegged currency in comparison to free float currencies???