Indonesian Economy Grows Fastest Since 1996

[davidson]

Feb 6, 2012

Indonesia’s economy grew last year at the fastest pace since before the Asian financial crisis as rising investment and domestic spending countered a slowdown in export demand due to Europe’s debt crisis.

Gross domestic product rose 6.5 percent in 2011, the statistics bureau said in Jakarta today, after a 6.1 percent gain reported earlier for the previous year. The median of 15 estimates in a Bloomberg News survey was for a 6.44 percent increase.

The nation’s currency has advanced more than 1 percent against the dollar this year after the Moody’s and Fitch upgrades.


Indonesian Economy Grows Fastest Since 1996 - Bloomberg

 

[beijing consensus]

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.

 

[lepziboy]

what you say doesnt really matter.BRICS will stay as BRICS.India is up and back on track again.lets just see now

 

[davidson]

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.

good analysis

India high debt, huge trade deficit

Indonesia low debt, low trade deficit

 

[EjazR]

Gross domestic product rose 6.5 percent in 2011 for Indonesia

India GDP growth for 2011 is 8.4%.

And India has an economy more than double the size of Indonesia.

Might as well replace China with Indonesia and call it BRII. After all China is a developed country that doesn't need to be part of the BRIC anymore.

 

[Chinese-Dragon]

Gross domestic product rose 6.5 percent in 2011 for Indonesia

India GDP growth for 2011 is 8.4%.

And India has an economy more than double the size of Indonesia.

Might as well replace China with Indonesia and call it BRII. After all China is a developed country that doesn't need to be part of the BRIC anymore.

India's GDP Growth Slows to 6.9% - WSJ.com

Here are some nations that are currently at 8%+ growth: Turkey, Argentina, Sri Lanka, etc.

Not India.

 

[davidson]

Gross domestic product rose 6.5 percent in 2011 for Indonesia

India GDP growth for 2011 is 8.4%.

are you dreaming?

- Indian GDP growth drops below 7% in 2011

- High debt, huge trade deficit

Indian GDP growth drops below 7% - FT.com

 

[Ammyy]

India's GDP Growth Slows to 6.9% - WSJ.com

Here are some nations that are currently at 8%+ growth: Turkey, Argentina, Sri Lanka, etc.

Not India.

India is growing with around 8% since 2000 ... and not a single country you mention able to do that for a long time

2011 for India is not that good but mr. Intelligent you cant judge our growth only with reference to 2011

 

[ironman]

India's GDP Growth Slows to 6.9% - WSJ.com

Here are some nations that are currently at 8%+ growth: Turkey, Argentina, Sri Lanka, etc.

Not India.

Genius... that is the second quarter result July-September.. here the 3rd quarter results.. Oct-Dec

http://mospi.nic.in/Mospi_New/upload/estimate_gdp_q3_28feb11.pdf

showing a growth rate of 8.2 per cent over the corresponding quarter of previous year.

 

[davidson]

India is growing with around 8% since 2000 ... and not a single country you mention able to do that for a long time

2011 for India is not that good but mr. Intelligent you cant judge our growth only with reference to 2011

not 8%, only around 7.3% with HIGH DEFICIT and HUGE TRADE DEFICIT

 

[Chinese-Dragon]

Genius... that is the second quarter result July-September.. here the 3rd quarter results.. Oct-Dec

http://mospi.nic.in/Mospi_New/upload/estimate_gdp_q3_28feb11.pdf

showing a growth rate of 8.2 per cent over the corresponding quarter of previous year.

LOL, can you read?

Those are ESTIMATES, not actual data. The Indian government always "estimates" more than they can handle, case in point, earlier this year they were predicting 9%+ GDP growth.

 

[Ammyy]

not 8%, only around 7.3% with

No one can help stupids

HIGH DEFICIT and HUGE TRADE DEFICIT

Do you even know the meaning of these words???

 

[beijing consensus]

indian deficits and debts are going to wreck the indian economy.

just look at greece.

i heard one of the reasons the indian regime chose the french fighter was due to budget problems.
its already affecting the indian regime.

indian debt is very high too and running a large deficit makes investors worry about the indian story.


the currency is collapsing.
inflation is out of control.
growth is decelerating.
budget deficits are rising.
trade deficits are rising.
debts are high.


india looks to me like the next greece in a few years time if they continue to accumulate debt.
they will probably inflate the debts, but that creates massive inflation which destroys wealth and businesses, it will undo everything india has done in the last 2 decades.
food and energy prices will skyrocket which will create a famine and mass riots all across india.

keep an eye on the indian story folks, its starting to unravel.
stephen roach has been worrying about the indian economic growth story.




Prefer China over India for investments: Stephen Roach - YouTube

 

[ironman]

LOL, can you read?

Those are ESTIMATES, not actual data. The Indian government always "estimates" more than they can handle, case in point, earlier this year they were predicting 9%+ GDP growth.

Lol you know nothing on GDP calcuation.. do you..

 

[davidson]

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%
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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