Modi faces challenges to upstage China as India economic growth hits 15-month low

[AndrewJin]

Latest issue of the Economist.

 

[pher]

Latest issue of the Economist.

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most of india's so-called growth comes from outrageous inflation rate. india just inflates its way down to super power.

 

[AndrewJin]

most of india's so-called growth comes from outrageous inflation rate. india just inflates its way down to super power.

I've heard their interest rate is also very very high...
I think 4-5% from Alibaba's Alipay is already very high for me compared to traditional banks,
since they don't have actual banks in real life.
Still, I was surprised by their interest rate, 10%?
@Bussard Ramjet

 

[pher]

I've heard their interest rate is also very very high...
I think 4-5% from Alibaba's Alipay is already very high for me compared to traditional banks,
since they don't have actual banks in real life.
Still, I was surprised by their interest rate, 10%?
@Bussard Ramjet

inflation rate and interest rate corelates with each other, no suprise at all. the same apply to russia. it usually a sign of bad economy. only mighty modiji could turn this into a positive achievment. salute to him.

 

[AndrewJin]

Can't say so, he is just a indians see reality.

In PDF, anyone who disagrees with RSSer, will be called Chinese or Pakistani false flagger.

most of india's so-called growth comes from outrageous inflation rate. india just inflates its way down to super power.

Inflating at around 10% is not good.....

 

[Bussard Ramjet]

I've heard their interest rate is also very very high...
I think 4-5% from Alibaba's Alipay is already very high for me compared to traditional banks,
since they don't have actual banks in real life.
Still, I was surprised by their interest rate, 10%?
@Bussard Ramjet

Yes, the interest rates are close to 10% for most loans, but then also should be kept in mind is the fact that we also get 7-8% of interest on deposits.

As such the benchmark interest rates in India are high, because we have decent inflation. If interest rates were to be slashed, the inflation would go out of control.

Yet, people anticipate many interest rate cuts in the coming years.

most of india's so-called growth comes from outrageous inflation rate. india just inflates its way down to super power.

Are you trolling, or this ignorant?

The reported GDP rates are real GDP rates, net of inflation. Which means the inflation rate is subtracted from nominal GDP to come to real GDP rates.

So 7.1 is the real GDP growth rate as reported by the government.

Inflating at around 10% is not good.....

It is not 10%. More like 5-7%.

 

[endyashainin]

Latest issue of the Economist.

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Did I read this correctly? India's industrial production increased by only 2.1% with Modi's Make in India initiative? India is definitely faking its GDP growth numbers.