India's fourth quarter GDP grows at 5.3%, 6.5% for FY 12

[Ignited Mind]

Source: PM Manmohan Singh's twitter account.

Source: PM Manmohan Singh's twitter account.

 

[arp2041]

Source: PM Manmohan Singh's twitter account.

Source: PM Manmohan Singh's twitter account.

We have another CONgressi here

 

[Ignited Mind]

We have another CONgressi here

lol I'm no congresi, my dear, but let's be fair.

If you have any new data, please feel free to share with us.

 

[OrionHunter]

Pranab should actually be kicked in the a$$ to get moving!

 

[Hello_10]

Source: PM Manmohan Singh's twitter account.

here we may have a calculation that we find growth of whole world falling from '3.8%' in 2011 to '2.4%' in 2012, a 37% fall. this way, if India had growth of 8.4% in 2011 then even if it falls to 5.3% for whole of 2012, then it will still be on the world's average of 37% fall? and interestingly, growth rate of India for the first quarter of this year was also 5.3%

 

[JanjaWeed]

GDP is definitely growing in India. Btw..I'm talking about Gold, Diesel & Petrol..

 

[Ignited Mind]

 

[arp2041]

For you ignited mind, my friend:

IBN survey:

Also key economic indicators:

Fiscal deficit at 5.8% (high)
jan-march 2012 quarter growth at 5.3% lowest in 9 years
steepest price rise in petrol in all time
inflation around 7%
investors does not want to invest because of retrospective tax laws
GDP growth of 6.5% is even lower than the 2008-09 recession period
Rupee at its all time lowest at around 56.5 (around 25% depriciation in 1 year)

 

[Ignited Mind]

Your survey was for Congressi's. Show it to them, not me.

For all you know, I was among those who said 'NO' in that survey.

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.

 

[rocco18]

Well this is the worst financial for the indian economy and the world is facing.....and it still grew by 6.5% which is BETTER THAN MOST COUNTRIES!!

 

[Aramsogo]

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.

 

[faithfulguy]

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 true, its the US and China that drive the world economy. Not India and China. Outrageous statements such as India's growth fuel the world economy is what make India a joke to many members here.

 

[notsuperstitious]

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???

 

[Ignited Mind]

0.92% Fall in the Yuan. Is this even news worthy or are you guys just grasping at straws.

Just for your ignorant self:

What is Currency Pegging? « Questions4Thoughts

Now go and tell mommy you learned something new today.

 

[faithfulguy]

Must you splash your brains everywhere talking about a pegged currency in comparison to free float currencies???

The reason Yuan is pegged is because China does not want it to rise too much against the dollar. They are happy that its falling.