India's GDP has overtaken China: Manohar Parrikar

[Shamain]

Hahahahhahahahhaha,

 

[Luca1]

Parrikar said - GDP growth has overtaken China.
Toilet prints that GDP has overtaken China.

Is it really TOI that is misreporting? Or is it the OP that change the title of the thread? You Indians should not be so lazy and won't even open the link to see the truth. Next time, I'll just play along. You guys need to know the truth before you say anything?

 

[Shamain]

Is it really TOI that is misreporting? Or is it the OP that change the title of the thread? You Indians should not be so lazy and won't even open the link to see the truth. Next time, I'll just play along. You guys need to know the truth before you say anything?

Wait till this newspaper publishes indian ego stroking, fake bravado spouting piece, this toilet will become Indias sweetheart again.

 

[Luca1]

Wait till this newspaper publishes indian ego stroking, fake bravado spouting piece, this toilet will become Indias sweetheart again.

It's just a result of ego and pride do no match reality do they resort to brag. Indians talk about becoming a superpower so much that they even made a movie about it.

 

[Shamain]

It's just a result of ego and pride do no match reality do they resort to brag. Indians talk about becoming a superpower so much that they even made a movie about it.

hahahahah. And guess who were the only audiences there? Indians. Noone else bothered about them as usual.

Let them fulfill their wishes only thru movies.

 

[RiazHaq]

Was this after the laughable Vedic math applied by Modi-the-butcher that magically boosted Indian GDP with a stroke of a pen? @RiazHaq

It's fudged GDP. Most economic indicators such as manufacturing and exports negate Modi's fudged figures.

1. Revision of GDP methodology by India's Central Statistical Office (CSO) to show it is growing faster than China has drawn serious skepticism, even derision by serious economists around the world. While India's boosters in the West are not only buying but applauding the new figures, Indian policy professionals at the nation's Central Bank and the Finance ministry are having a very hard time believing the new and improved GDP brought to the world by Indian government. Dissenters include Morgan Stanley's Ruchir Sharma, an Indian-American, who has called the new numbers a "bad joke" aimed at a "wholesale rewriting of history".

2. India's exports are continuing to drop. The trade data shows a sharper slowdown (21%) in exports than in imports (13%, due to lower oil prices) for March, 2015. Exports are down another 13.96% in April 2015. There is an overall decline in both for the year too, according to Seeking Alpha.

3. Large scale manufacturing in India continues to disappoint. Growth slowed in April 2015, according to HSBC India Manufacturing Purchasing Managers Index (PMI) data. At 51.3 in April, down from 52.1 in March, the headline PMI points to slowing demand.

4. Mumbai stocks are among the worst performing in emerging markets. FII (foreign institutional investments) net outflows gave been of the order of Indian Rs 125 billion (about US$ 2 billion) over the past month. The stock market index has seen the biggest correction of 10 per cent in a short time, according to India's First Post.

5. In spite of Prime Minister Modi's high-profile campaign to improve hygiene, India has been ranked near the bottom on access to clean water and sanitation. India has ranked 92 on Water, Sanitation and Hygiene (WASH) Index developed by The Water Institute at the University of North Carolina at Chapel Hill's Gillings School of Global Public Health in the US, far below Pakistan which ranked near the top in 5th position.

India's Economic Times has recently reported results of a survey of top CEOs. Majority of them say that demand is depressed. "The bonhomie and cheer that greeted the arrival of the Modi government is replaced by a sombre mood and a grim acknowledgement of the realities of doing business in India," reports ET, as it captures the sentiment of the CEOs. The largest engineering conglomerate L and T has said some of its plants are idle as demand for capital goods is very weak. The Aditya Birla Group had deferred its revenue target of $65 billion by 3 years, to 2018.

A recent piece titled "Why India is Not A Buy in Current Environment" published by Seeking Alpha summarizes the current Indian situation as follows:

"While there are some who consider India to be the best emerging market and recommend it as such, my own assessment is different. Whether it's relatively high valuations, weak fundamentals with persistent deficits, government bonds under pressure, weakening currency, rebounding oil prices, declining confidence in the government and so on, India is facing a ton of headwinds going forward. Far too many to be a number one pick among emerging markets."

Modi government has to turn some of its election promises into action. Mr. Modi cannot rely on the benefit of the doubt because his honeymoon period is now over. He will be judged on what he is able to accomplish.


Haq's Musings: Is Modi's Honeymoon Over?

 

[Shamain]

It's fudged GDP. Most economic indicators such as manufacturing and exports negate Modi's fudged figures.

1. Revision of GDP methodology by India's Central Statistical Office (CSO) to show it is growing faster than China has drawn serious skepticism, even derision by serious economists around the world. While India's boosters in the West are not only buying but applauding the new figures, Indian policy professionals at the nation's Central Bank and the Finance ministry are having a very hard time believing the new and improved GDP brought to the world by Indian government. Dissenters include Morgan Stanley's Ruchir Sharma, an Indian-American, who has called the new numbers a "bad joke" aimed at a "wholesale rewriting of history".

2. India's exports are continuing to drop. The trade data shows a sharper slowdown (21%) in exports than in imports (13%, due to lower oil prices) for March, 2015. Exports are down another 13.96% in April 2015. There is an overall decline in both for the year too, according to Seeking Alpha.

3. Large scale manufacturing in India continues to disappoint. Growth slowed in April 2015, according to HSBC India Manufacturing Purchasing Managers Index (PMI) data. At 51.3 in April, down from 52.1 in March, the headline PMI points to slowing demand.

4. Mumbai stocks are among the worst performing in emerging markets. FII (foreign institutional investments) net outflows gave been of the order of Indian Rs 125 billion (about US$ 2 billion) over the past month. The stock market index has seen the biggest correction of 10 per cent in a short time, according to India's First Post.

5. In spite of Prime Minister Modi's high-profile campaign to improve hygiene, India has been ranked near the bottom on access to clean water and sanitation. India has ranked 92 on Water, Sanitation and Hygiene (WASH) Index developed by The Water Institute at the University of North Carolina at Chapel Hill's Gillings School of Global Public Health in the US, far below Pakistan which ranked near the top in 5th position.

India's Economic Times has recently reported results of a survey of top CEOs. Majority of them say that demand is depressed. "The bonhomie and cheer that greeted the arrival of the Modi government is replaced by a sombre mood and a grim acknowledgement of the realities of doing business in India," reports ET, as it captures the sentiment of the CEOs. The largest engineering conglomerate L and T has said some of its plants are idle as demand for capital goods is very weak. The Aditya Birla Group had deferred its revenue target of $65 billion by 3 years, to 2018.

A recent piece titled "Why India is Not A Buy in Current Environment" published by Seeking Alpha summarizes the current Indian situation as follows:

"While there are some who consider India to be the best emerging market and recommend it as such, my own assessment is different. Whether it's relatively high valuations, weak fundamentals with persistent deficits, government bonds under pressure, weakening currency, rebounding oil prices, declining confidence in the government and so on, India is facing a ton of headwinds going forward. Far too many to be a number one pick among emerging markets."

Modi government has to turn some of its election promises into action. Mr. Modi cannot rely on the benefit of the doubt because his honeymoon period is now over. He will be judged on what he is able to accomplish.


Haq's Musings: Is Modi's Honeymoon Over?

I opened a thread on that ,stuff similar to it, and indians wrere all jumping up and down.

 

[pher]

I like India's media, bullshit anything they want. this is the true spirits of freedom.

I bet most indians will be brainwashed by this kind of media. so majority of indians have the delution that they are better than china.

 

[Shamain]

I like India's media, bullshit anything they want. this is the true spirits of freedom.

I bet most indians will be brainwashed by this kind of media. so majority of indians have the delution that they are better than china.

Thats why when indians read facts and intelligent stuff they call it shit, hence they are where they are.

 

[cloud_9]

Lazy c*nts! It's the OP that changed it.

 

[IND151]

PANAJI: Defence ministerManohar Parrikarsaid that changes rung in by BJP government have shown results and India has taken over China in terms of gross domestic product (GDP) growth.

Speaking to mediapersons at Bharatiya Janata Party (BJP) headquarters in Goa, Parrikar said,"For the first time, the economy has been growing (In India). First time, we have overtaken China in terms ofGDPgrowth."

Parrikar was speaking to the press almost at the same time as Prime Minister Narendra Modi, who is known to be close to him, left from China on Saturday.

Elaborating further, Parrikar said India has seen over 7 percent GDP growth this year while for the last two years, GDP growth was just less than 5 percent.

He also said that since BJP came to power on March 26, 2014 at the Centre, a lot of things have changed in the country and the benefits have percolated to a lot of people. "Inflation is under control and employment rate has increased," Parrikar added

He also said the the economy is likely to grow and the impact of measures initiated by the union government would be seen in the near future.

India's GDP has overtaken China: Manohar Parrikar - The Times of India

Mr Parrikar means GDP Growth Rate, not GDP.

On Topic- Awesome!!!!!

Obviously it will be Rate of growth to current GDP.

India's current GDP is 2.1 Trillion $ and China is 9.2 Trillion $. However Indias growth and economy closely resembles China's economy if you do a comparative analysis of when both the economy was unshackled. Actually India does better than China on that front.

The 13 year gap is closing faster.

Chia is expected to be a larger economy than the US by 2017.

Source?

 

[uparyupari]

Mr Parrikar means GDP Growth Rate, not GDP.

On Topic- Awesome!!!!!
Source?

google

New GDP measure puts India’s economy at $2.1 trillion - Livemint

 

[Fracker]

It's fudged GDP. Most economic indicators such as manufacturing and exports negate Modi's fudged figures.

1. Revision of GDP methodology by India's Central Statistical Office (CSO) to show it is growing faster than China has drawn serious skepticism, even derision by serious economists around the world. While India's boosters in the West are not only buying but applauding the new figures, Indian policy professionals at the nation's Central Bank and the Finance ministry are having a very hard time believing the new and improved GDP brought to the world by Indian government. Dissenters include Morgan Stanley's Ruchir Sharma, an Indian-American, who has called the new numbers a "bad joke" aimed at a "wholesale rewriting of history".

2. India's exports are continuing to drop. The trade data shows a sharper slowdown (21%) in exports than in imports (13%, due to lower oil prices) for March, 2015. Exports are down another 13.96% in April 2015. There is an overall decline in both for the year too, according to Seeking Alpha.

3. Large scale manufacturing in India continues to disappoint. Growth slowed in April 2015, according to HSBC India Manufacturing Purchasing Managers Index (PMI) data. At 51.3 in April, down from 52.1 in March, the headline PMI points to slowing demand.

4. Mumbai stocks are among the worst performing in emerging markets. FII (foreign institutional investments) net outflows gave been of the order of Indian Rs 125 billion (about US$ 2 billion) over the past month. The stock market index has seen the biggest correction of 10 per cent in a short time, according to India's First Post.

5. In spite of Prime Minister Modi's high-profile campaign to improve hygiene, India has been ranked near the bottom on access to clean water and sanitation. India has ranked 92 on Water, Sanitation and Hygiene (WASH) Index developed by The Water Institute at the University of North Carolina at Chapel Hill's Gillings School of Global Public Health in the US, far below Pakistan which ranked near the top in 5th position.

India's Economic Times has recently reported results of a survey of top CEOs. Majority of them say that demand is depressed. "The bonhomie and cheer that greeted the arrival of the Modi government is replaced by a sombre mood and a grim acknowledgement of the realities of doing business in India," reports ET, as it captures the sentiment of the CEOs. The largest engineering conglomerate L and T has said some of its plants are idle as demand for capital goods is very weak. The Aditya Birla Group had deferred its revenue target of $65 billion by 3 years, to 2018.

A recent piece titled "Why India is Not A Buy in Current Environment" published by Seeking Alpha summarizes the current Indian situation as follows:

"While there are some who consider India to be the best emerging market and recommend it as such, my own assessment is different. Whether it's relatively high valuations, weak fundamentals with persistent deficits, government bonds under pressure, weakening currency, rebounding oil prices, declining confidence in the government and so on, India is facing a ton of headwinds going forward. Far too many to be a number one pick among emerging markets."

Modi government has to turn some of its election promises into action. Mr. Modi cannot rely on the benefit of the doubt because his honeymoon period is now over. He will be judged on what he is able to accomplish.


Haq's Musings: Is Modi's Honeymoon Over?

Let me bookmark this one. To show how much BS Indians speaks

 

[Bobby]

hahahahah. And guess who were the only audiences there? Indians. Noone else bothered about them as usual.

Let them fulfill their wishes only thru movies.

BTW apart from China who visited Pakistan recently......
Is Pakistan heading to become another N Korea ....where only China consider them all weather friend and entire world scare to go.

 

[uparyupari]

Let me bookmark this one. To show how much BS Indians speaks

Book mark this, Indian economy is 2.308 Trillion $ i.e. 2308 Billion $. (Economy of India - Wikipedia, the free encyclopedia

Pakistan Economy is 232 billion $.

Indian economy is 9 Times your economy. In another year we will be 10 times your economy.