India's GDP growth revised to 4.5% for FY13

[farhan_9909]

India's GDP growth revised to 4.5% for FY13


The First Revised Estimates of National Income, Consumption Expenditure, Saving And Capital Formation, for the year 2012-13 showed India GDP revised down to 4.5% in 2012-13 from 5% earlier and as against a growth of 6.7% in the year 2011-12. The downward revision was mainly due to lower than provisionally estimated output in primary and secondary sectors.

The growth rate of 4.5 per cent in the GDP during 2012-13 has been achieved due to growth in financing, insurance, real estate & business services (10.9%), transport, storage and communication (6%) and community, social and personal services (5.3%). At constant prices, in the primary sector (agriculture, forestry, fishing and mining & quarrying), agriculture, forestry & fishing has shown a growth of 1.4% while mining declined by 2.2% during 2012-13 as against the growth of 5% and 0.1%, respectively during the year 2011-12. The growth of secondary sector (manufacturing, electricity, gas & water supply and construction) is 1.2% and that of tertiary (services) sector is 7% during 2012-13, as against a growth of 8.5% and 6.6%, respectively, in the previous year.

The data also showed lower-than-estimated growth numbers for exports, capital investment and consumption sectors, suggesting deeper underlying weaknesses. Further, the GDP growth rate, which had earlier been stated as 6.2% in January 2013, has now been revised to 6.7% for the year 2011-12. Also, the growth rate of GDP for the year 2010-11 has been revised down from 9.3% to 8.9%


India's GDP growth revised to 4.5% for FY13 | Business Standard

 

[karan21]

This is slow as hell and the timing is perfect. India is seeing the rise of socialism and political uncertainity. Elections are upfront and God forbid if a third front is formed with Mulayam, Lalu, Kejriwal or Mayawati as one of the PM candidates, India is doomed.

Bhai log MODI ka naam japo. Jai MODI,Jai Modi, Jai Jai Modi. Aab koi nahi bacha sakta India ko....

 

[VeeraBahadur]

World Bank chief economist on future of India's economy

 

[karan21]

Things are about to get worse!!!

Desh ke saare Chutiye mil ke bahut bada chutiyapa karne waale hain
Third front candidate will be next Prime Minister: Mulayam Singh | NDTV.com

If they get enough seats in the parliament. LMAO just imagine Lalu or Mulayam or Mayawati is a meeting with Obama. Just imagine Lalu representing India at G20 summit. LMAO I am at work else I would be laughing my *** out.

 

[VeeraBahadur]

This is slow as hell and the timing is perfect. India is seeing the rise of socialism and political uncertainity. Elections are upfront and God forbid if a third front is formed with Mulayam, Lalu, Kejriwal or Mayawati as one of the PM candidates, India is doomed.

Bhai log MODI ka naam japo. Jai MODI,Jai Modi, Jai Jai Modi. Aab koi nahi bacha sakta India ko....

Decision taken in favour of implementation of FDI in retail (Rajsthan) by Congress, today got scraped by BJP.

 

[karan21]

Decision on implementation of FDI in retail (Rajsthan) by Congress today got scraped by BJP.

FDI in retail is not something we need to be worrying about. There are much bigger things to resolve right now. Until elections all parties are gonaa take populist decision, especially the ones that are not in power. So this was expected.

 

[sancho]

The markets are recovering and if the US don't make anything silly again, the global economy will grow again and that will automatically result into more FDI into India again.

 

[Prometheus]

doob maro...............

 

[indoPunjabi]

Mannu, chiddu or Pranab Mukherjee ko jooto se maaro. Sale chutiyo ne desh ki economy ka satyanash kar diya.

 

[peaceful]

with your stone age infrastructure and uncertainty in your political BS, it is just a wet dream for your nation to keep growing.

india has already lost the competition with China.

 

[Cyberian]

I don't get it. If China is still growing at a good 7-8% a year despite the global recession, etc. why is India not growing as fast as China?

Is India too dependent on Western FDI or is it simply a case of bad governance over the last couple of years in India?

 

[Genesis]

I don't get it. If China is still growing at a good 7-8% a year despite the global recession, etc. why is India not growing as fast as China?

Is India too dependent on Western FDI or is it simply a case of bad governance over the last couple of years in India?

Cause we are awesome, despite what some says.

Even the nut that is known as Gordon Chang is admitting his mistakes, I mean he still predicts once a year China will fall, but you should have seen him before our success.

 

[Cyberian]

Cause we are awesome, despite what some says.

Even the nut that is known as Gordon Chang is admitting his mistakes, I mean he still predicts once a year China will fall, but you should have seen him before our success.

I have read Gordon Chang's doomsday scenarios and his crazy anti-China philosophies. Never understood his negative obsession of China in interviews.

He's Indian favourite though. Funnily enough, what he used to predict for China is now happening to India.

 

[faithfulguy]

I have read Gordon Chang's doomsday scenarios and his crazy anti-China philosophies. Never understood his negative obsession of China in interviews.

He's Indian favourite though. Funnily enough, what he used to predict for China is now happening to India.

He want took smart by predicting an outlier. No one would care if predicted the fall of India economy.

 

[cirr]

India needs to get real serious about manufacturing，and soon，otherwise it will forever remain what it is today。