Indonesian Economy Grows Fastest Since 1996

[ironman]

WORLD BANK: India's GDP growth in FY12 just 6.8%:

The World Bank said it expected the Indian economy to grow by just 6.8 per cent in the current financial year, significantly lower than the 7.25-7.75 per cent pegged by the finance ministry, as the economy faced high interest rates and there was “heightened uncertainty of policy reforms.

Happy to see so much economists in this forum..... I wonder which one really read the World Bank study... For everyone who studied and mastered AND for everyone else..

http://siteresources.worldbank.org/INTPROSPECTS/Resources/334934-1322593305595/8287139-1326374900917/SAR_RegionalSummary_GEPJan2012_Eng.pdf

Accounting for about 80 percent of South Asia’s GDP, India has led the regional slowdown as its GDP growth weakened to an estimated 6.8 percent (at factor cost) in fiscal year 2011/12, ending in March 2012, from 8.5 percent in 2010/11. Growth is projected to hold steady at 6.8 in 2012/13 before accelerating to 8.5 percent in 2013/14. The slowdown reflects moderation in domestic demand, given a deceleration in investment growth that has faced headwinds of rising borrowing costs, high input prices, slowing global growth and heightened uncertainty. Household spending has been curbed by persistently rising prices cutting into real incomes and higher borrowing costs.

For the Masters... please enlighten us the underlined parts.

 

[Chinese-Dragon]

India has led the regional slowdown as its GDP growth weakened to an estimated 6.8 percent (at factor cost) in fiscal year 2011/12, ending in March 2012, from 8.5 percent in 2010/11

You're quoting sources in order to bash India right?

And the rest of what you have quoted, those are just predictions of the future.

Here was another World Bank prediction:

India to outpace China in 2011: World Bank

What happened there?

 

[davidson]

BRIC = I?

Which One is better?

India = High Debt Burden, High Trade Deficit, High Inflation

Indonesia = Low Debt Burden, Low Trade Deficit, Low Inflation (4.15%)

 

[true_indian]

WORLD BANK: India's GDP growth in FY12 just 6.8%:

The World Bank said it expected the Indian economy to grow by just 6.8 per cent in the current financial year, significantly lower than the 7.25-7.75 per cent pegged by the finance ministry, as the economy faced high interest rates and there was “heightened uncertainty of policy reforms.

India High Debt, High Trade deficit

More Data

Debt % of Total GDP (2011)

Italy = 103%
Portugal = 92%
---------------------
India = 90% (est)
---------------------
Brazil = 66%
Spain = 60%
UK = 47%
China = 33%
---------------------
Indonesia = 20%
---------------------
Russia = 11%

http://img4.bbs.**********/uploadfiles/images/2012/01/30/0130084508538.JPG

Am I reading this image right? $2.55 trillion in debt. That is more than entire GDP of India. India's external debt is only 18% of GDP.

 

[sss112]

Am I reading this image right? $2.55 trillion in debt. That is more than entire GDP of India. India's external debt is only 18% of GDP.

According to the image provided by him
US has $8.68 Trillion.

With such accurate data he must be right. /sarcasm off.

I think he prepares them himself. Might be getting a few cents more for that you know over his regular salary.

 

[sweetgrape]

In fact, Indonesia develop very well in those years!! Here a chinese private website, The master like to collect the date and make the chart, But they are chinese, So, someone be good at english can translate it if you have spare time!!
Hope you like! or, the chart is not ready, Maybe a minutes late the master will finish it.
2011?GDP?7427.1? ?6.5%_??_???

 

[EjazR]

Seriously, David and Chinese dragon can't even use google properly. And don't even know the difference between an annual vs quarterly growth rate.

2010 India beat china with 10.4% growth and 2011 it's 8.4% at factor cost. Once the IMF figures come India growth rate would have beaten china two years in a row.
Govt revises 2010-11 GDP to 8.4% from 8.5% - The Times of India

 

[foxbat]

Red one is Indonesia and Blue is INdia

 

[davidson]

Seriously, David and Chinese dragon can't even use google properly. And don't even know the difference between an annual vs quarterly growth rate.

2010 India beat china with 10.4% growth and 2011 it's 8.4% at factor cost. Once the IMF figures come India growth rate would have beaten china two years in a row.
Govt revises 2010-11 GDP to 8.4% from 8.5% - The Times of India

India 2010 GDP = 8.4%
China 2010 GDP = 10.3%

India 2011 GDP = 7% or below
China 2011 GDP = 9.2%

 

[davidson]

India debt 2010 = 71%
Indonesia debt 2010 = 27%

India debt 2011 = 0ver 80% (High deficit trade, High fiscal deficit )
Indoeesia debt 2011 = 20%

List of countries by public debt - Wikipedia, the free encyclopedia

 

[Aramsogo]

Good work Indonesia and good job all those ethnic Chinese-Indonesian conglomerates.
Lighting a clove cig for you right now.

 

[EjazR]

India 2010 GDP = 8.4%
China 2010 GDP = 10.3%

India 2011 GDP = 7% or below
China 2011 GDP = 9.2%

Are you dull or can you not read numbers?

Do you GDP growth at factor cost means?

Read this to understand how India Already beat china in GDP growth last year.

India outpaces China: Winning the growth World Cup | The Economist

 

[Aramsogo]

Are you dull or can you not read numbers?

Do you GDP growth at factor cost means?

Read this to understand how India Already beat china in GDP growth last year.

India outpaces China: Winning the growth World Cup | The Economist

Fake Indian math that's why nobody cared. Why not pull out an Economist article from 2002 or 2005, those are my kids' birth year.

 

[UKBengali]

Looks like the thread has been slightly derailed with a comparison with India.

Indonesia is a key-component of the rise of Asia into the future.

It's strategic location, massive land area and natural resources, when coupled with it's huge population, make it very likely that it will be one of the top five powers into the future.

 

[Kyusuibu Honbu]

Fake Indian math that's why nobody cared. Why not pull out an Economist article from 2002 or 2005, those are my kids' birth year.

But you certainly did care!

Stay here for a while and that same Fake Indian math will become absolute truth for some members here, once the projected growth rate gets lower.

time to replace india with indonesia in BRIC.

india is a massive debtor nation with huuuuuge fiscal deficits.
india should be in the PIIIGS(portugal, italy, ireland, INDIA, greece, spain) group.
the debtor group.

BRIC should be brazil, russia, indonesia and china.

Sure! Ask your Govt to do so