Lower India economic growth forecasts for fiscal years 2013, 2014

[Abingdonboy]

Where is the Indian Economy Headed? - NYTimes.com

Interesting. No gloom or doom, but nothing sparkling either. Emphasis on reforms to achieve growth. Reforms are no fun, and India's coalition governments find it difficult to implement them. Hence a need to find other factors to achieve growth to complement slow reforms. Indians think it is beneath them to trade with Pakistan. Fine. Pakistan is not ready either, at least not til energy woes are addressed in 4-5 years.

If the GoI can push through the most controversial reform (FDI) through both Houses of Parliament first time then implementing all others is easy!

 

[Abingdonboy]

Budget 2013 will be a reforming one and 2013 will be a year of reforms.

 

[kawaraj]

Budget 2013 will be a reforming one and 2013 will be a year of reforms.

How trustworthy this GoI is? You know this better.

 

[Abingdonboy]

How trustworthy this GoI is? You know this better.

Other than MMS and a few select ministers- not trustworthy at all. But you can rely on politicians to save their a$$es so they know that the only way they will get back into power is to bring back the growth of earlier years (8-10%) otherwise they will have to accept the idea of being in opposition. As such if the GoI wants to be succesful in 2014 then 2013 is a key year and they are going to have to go all out on the economic front and I bet they will- why do you think the GoI picked the most controversial and hard-fought policy of FDI to be the first major reform to pass? After this biggie all others should be a walk in the park- if FDI was passed then all others are just a formality.

Democracy works sometimes!

 

[Rocky25]

The drop in growth of India shows where Indian economy is headed. Latest figures have revised short term growth forecast downwards. Manufacturing sector has gone down slightly with a contraction of 0.1%: IIP contracts 0.1% in November 2012, boosts odds for rate cut - NDTVProfit.com

Exports are down 1.9%: December trade deficit narrows to $17.7 billion, exports fall 1.9% - NDTVProfit.com

The fastest fix for India's economy may be by having free trade with Pakistan. That is why India is eager to get MFN status from Pakistan.

Learn to read. I never said that Indian economy is at the mercy of trade with Pakistan. It is just your ego making you see things that are'nt really there.

I never told that Indian economy is doing great..... same is the world economy... Your fastest fix is the conspiracy theory!

 

[IND151]

Our GDP growth rate in 2013 will be between 5.5% to 6.5%, I think.