Is the India growth story over?

[Patriot]

Few years ago Indians were barking that China bubble would burst and Chinese Economy would collapse.It looks like the bubble indeed burst but it is Indian Bubble not Chinese.

 

[Chinese-Dragon]

Few years ago Indians are barking that China bubble would burst and Chinese Economy would collapse.It looks like the bubble indeed burst but it was Indian Bubble not Chinese.

Funny, right?

Check those old threads I posted, the Indians always seem to boast without delivering.

 

[punjabimunda]

i am more worried about chinese economy.

no matter how bad indian economy does not a single economist will paint a bad picture for india keeping in the mind the strong fundamentals of the country.

on the other had almost 90% of world economists today are predicting chinese economic burst. china has lost almost 200 bill from its foreign reserves since last year.. go worry about that.

Few years ago Indians are barking that China bubble would burst and Chinese Economy would collapse.It looks like the bubble indeed burst but it was Indian Bubble not Chinese.

do u even know what a bubble bursting iss????

 

[Chinese-Dragon]

i am more worried about chinese economy.

Exactly. We are just returning the favour.

 

[India defense]

When Indians dance over every single negative issue regarding China's economy, we are not allowed to do the same?

Dance but ....no nude dance...Please

Few years ago Indians were barking that China bubble would burst and Chinese Economy would collapse.It looks like the bubble indeed burst but it is Indian Bubble not Chinese.

look at you...you dont even have economy.....did I burst your bubble

 

[Götterdämmerung]

i am more worried about chinese economy.

no matter how bad indian economy does not a single economist will paint a bad picture for india keeping in the mind the strong fundamentals of the country.

on the other had almost 90% of world economists today are predicting chinese economic burst. china has lost almost 200 bill from its foreign reserves since last year.. go worry about that.

I'm interested to know what Indian economic fundamentals are better than Chinese ones.

 

[Chinese-Dragon]

I'm interested to know what Indian economic fundamentals are better than Chinese ones.

Ironically for him, S&P actually downgraded India due to poor economic fundamentals.

Another boast is busted.

no matter how bad indian economy does not a single economist will paint a bad picture for india keeping in the mind the strong fundamentals of the country.

 

[Chinese-Dragon]

look at you...you dont even have economy.....did I burst your bubble

Pakistan has FAR less poverty than India.

Indian poverty levels higher than Pakistan's, says UN report - Telegraph

 

[Skull and Bones]

Ironically for him, S&P actually downgraded India due to poor economic fundamentals.

Another boast is busted.

S&P's downgrade was mainly because of policy paralysis.

 

[Chinese-Dragon]

S&P's downgrade was mainly because of policy paralysis.

Not to mention a massive fiscal deficit, a high debt-to-GDP ratio, and a huge trade deficit?

S&P warns over India’s fiscal deficit - Fiancial Times

 

[Skull and Bones]

Not to mention a massive fiscal deficit, a high debt-to-GDP ratio, and a huge trade deficit?

All because of impotent leaders, economic reforms are long overdue.

 

[Chinese-Dragon]

India GDP growth lowest since 2003 | beyondbrics - Financial Times

The GDP growth figure was simply the latest in a string of bad economic news, which now includes a current account deficit of around 4 per cent of GDP, a fiscal deficit of around 5.8 per cent, a trade deficit of 9.9 per cent; and inflation at 7.23 per cent.

With inflation so high, if India tries to boost growth by lowering interest rates again, it will lead to inflation spiking even higher.

 

[timetravel]

India GDP growth lowest since 2003 | beyondbrics - Financial Times



With inflation so high, if India tries to boost growth by lowering interest rates again, it will lead to inflation spiking even higher.

sir next lessons please.

 

[hawx]

china economy is also growing slowest pace in last 10 years,India also affected by global slowdown we will catch once again after some time.

 

[ChinaToday]

Wakey, wakey: India slips to No 4 in growth sweepstakes

Even about a week ago, Kaushik Basu, in an exit interview after resigning as Chief Economic Advisor in the finance ministry, could shoo away the economic cassandras with this argument: but we are till the second-fastest growing economy in the world. What can we do if the whole world is slowing down?

In an interview to Karan Thapar broadcast on CNN-IBN, Basu was asked about the Indian economy’s continuous economic decline, and he replied: “I agree, but now put it in a scale. It has come down according to our own past. But do a little bit of cross-country comparison; I must compel you to do that. Use The Economist magazine’s back page forecast for 42 countries for the year 2012, India ranks No 2. So, the whole world’s growth has come down but we are roughly maintaining the same position in the global chart.”

Correction, Dr Basu. India was No 2. It isn’t anymore.

Hear Rajeev Malik, Senior Economist at CLSA in Singapore, on this: “Tabulation of 1Q12 (January-March 2012) GDP growth rates for EM (emerging markets) Asia shows an interesting comparison: For the second consecutive quarter, India was not the second-fastest growing economy after China.”

The fourth quarter (Q4) GDP numbers released on Thursday by the Central Statistical Office showed growth slipping to 5.3 percent. For most economists, barring the sarkari ones, it was merely a confirmation that the economy is into a free fall from the peak hit in January-March 2011, when GDP grew 9.2 percent.

Says Malik: “India’s growth has slowed largely because of macro imbalances and policy inconsistencies fathered by the government (it has done little else), but some other Asian countries have actually done better despite facing the same global challenges. I doubt the Indian government has woken up to this shifting regional ranking, even if it lands up being temporary.”

In Q4 of 2011-12, India was No 4 in the growth sweepstakes behind Philippines (6.4 percent) and Indonesia (6.3 percent). China, as usual, was tops at 8.1 percent.

Ironing out quarterly blips, in the six months to March 2012, India’s GDP grew 5.7 percent, behind China (8.5 percent) and Indonesia (6.4 percent), thus coming in at No 3 even here.

CLSA’s full-year (calendar) forecast for 2012 still shows India hanging in there – barely — and the No 2 position could be a toss-up between India, Philippines and Indonesia (all projected at 6 percent).

But a lot depends on whether the UPA gets its reform and growth act together by then. Else, it may lose out to the other No 2 candidates, and Thailand at No 5 with 5.5 percent growth projection will be snapping at India’s heels.

Malik concludes: “India’s challenges are largely self-inflicted but not insurmountable. However, they will require a government that is awake and willing to use some political capital, and avoids making more policy boo-boos. The problems are known, the solutions are also known. But the political will to implement the solutions is still missing, which is partly why it is an abnormal cycle and the much-needed adjustment will be more protracted. We’ll have a combination of weak growth and still-high inflation for longer.”

Wakey, wakey: India slips to No 4 in growth sweepstakes | Firstpost

OMG Number4 behind philipines and indonesia what happen to shinning india and incredible india