Moodys confirm only 3 countries in G20 to show postive GDP growth this Year = Guess ??? the 3

[Taimoor Khan]

This is confirmed BY INDIAN $22 BILLION RISE OF FOREX to record $538 billion in JULY

YES ITS TRUE $538 BILLION IN THE BANK and RISING by $20 to $30 billion a year

India Q1 GDP plunges 23.9% in worst quarter on record

India Q1 GDP plunges 23.9% in worst quarter on record India's economy contracted 23.9% in its fiscal first quarter ended June -- that's the largest quarterly slump on record and worse than analysts' prediction in a Reuters poll. The country is reeling from COVID-19 lockdowns and low consumer demand.

defence.pk

It seems daddy is helping you lot out. Direct from federal reserve bank.

 

[IblinI]

23.9 percent contracted in second quarter.
Yet, they are saying all is well in this thread, what is wrong with these people.

 

[Dark1]

23.9 percent contracted in second quarter.
Yet, they are saying all is well in this thread, what is wrong with these people.

2nd qtr ? Some lessons-
1st qtr- April to june
2nd- July to September.

So unless we are in the future, its difficult to support your trolling.

 

[IblinI]

2nd qtr ? Some lessons-
1st qtr- April to june
2nd- July to September.

So unless we are in the future, its difficult to support your trolling.

All is well as per you, hitting the keyboard hard wouldn't help.

 

[crankthatskunk]

Yesterday glum news of Indian economy shrinking as much as 35%.
Today's news , right on Que , India would be GDP would be expanding in last half.
I say very convenient.

The Q is , Financial Institutions are also managed like Twitter and Facebook and other social media platform by India!!

 

[Logam42]

While I'm happy for the vote of confidence on Indonesia, I think we all know the country that has so far managed Covid the best (when accounting for complexity and size) is definitely China.

In a way, China, India, and Indonesia are all very lucky as we are centers of Vaccine production and have exported vaccines to the developed world during the pre-covid era. As such, while for India and Indonesia, Covid is in an unending first wave, we will have access to vaccines long before developed nations who cannot produce vaccines can access them.

Hopefully this will lead to an investment boom in the gap time between when we start vaccinations and the rest of the world does.

 

[CrazyZ]

This is confirmed BY INDIAN $22 BILLION RISE OF FOREX to record $538 billion in JULY

YES ITS TRUE $538 BILLION IN THE BANK and RISING by $20 to $30 billion a year

Japan had huge forex reserves in the late 90's.....yet their economy was remained in the doldrums. Forex reserves can be built up through central bank financial engineering. Ask yourself why RBI prefers to invest abroad and not in the Indian economy.... what are they worried about? More debt downgrades?

 

[Dark1]

Japan had huge forex reserves in the late 90's.....yet their economy was remained in the doldrums. Forex reserves can be built up through central bank financial engineering. Ask yourself why RBI prefers to invest abroad and not in the Indian economy.... what are they worried about? More debt downgrades?

We would love to be like Japan. You are a smart guy , you know that rbi does not really invest abroad , it keeps its reserves in foreign banks , known as foreign exchange.
Their are a handful of fully convertable currencies like the usd,euro,pound, and yen to a lesser extent.
Rbi gets around 1 % interest from securities in the federal reserve, if it kept the reserves with itself, zero interest.
China has 60 % of its reserves of 3 trillion with the Americans, and rest with European and Japanese banks. Does that mean China is worried about it's own economy ? Pretty juvenile comment by you , since I know you are knowledgable.

 

[Indos]

2nd qtr ? Some lessons-
1st qtr- April to june
2nd- July to September.

So unless we are in the future, its difficult to support your trolling.

Indian seems odd in using the period, it make us all confuse. It is because you use two year as base on calculation (2019-2020), some thing which is followed by other South Asian countries like Bangladesh.

Most nations use simple calculation by using one year as a base, so that what @IblinI said is not wrong, he refers to April-June period in 2020 (second quater) where most nation wildly use it, including Indonesia. We say first quarter as January-March 2020.

 

[Dark1]

Indian seems odd in using the period, it make us all confuse. It is because you use two year as base on calculation (2019-2020), some thing which is followed by other South Asian countries like Bangladesh.

Most nations use simple calculation by using one year as a base, so that what @IblinI said is not wrong, he refers to April-June period in 2020 (second quater) where most nation wildly use it, including Indonesia. We say first quarter as January-March 2020.

Ok just checked. In India, uk,Japan, Singapore, HK, the financial qtr is from April, while a lot of countries have financial and calendar qtrs as same. Some have from july.
Can cause confusion.

 

[Iltutmish]

The whole world economy will rebound sharply in the last quarter of this year. Inshallah.

Folks, corona is over and never was a real threat. The leftist are happy with corona because this is a socialist dream come true. State regulates everything and controls everything and gives you free handouts (unemployment cheques in the US are ridiculously high!). The leftist media is also good at milking corona to death. Click baits like „the secret damages corona causes in your hair!!“ are much needed because the revenue of newspapers are steadily declining!

And in regards to India. They will be fine like us. Now they are saying that India is the Corona hotspot of the world. And? 3 deaths per 100.000 people is not the end of the world? If the mortality rate was high, nobody Could hide the deaths in this day and age! So don’t be happy or celebrate when a country is hit by a calamity (corona ain’t one though)!

Thank god Pakistan wasn’t as hysterical as the Western countries.

 

[drunken-monke]

The whole world economy will rebound sharply in the last quarter of this year. Inshallah.

Folks, corona is over and never was a real threat. The leftist are happy with corona because this is a socialist dream come true. State regulates everything and controls everything and gives you free handouts (unemployment cheques in the US are ridiculously high!). The leftist media is also good at milking corona to death. Click baits like „the secret damages corona causes in your hair!!“ are much needed because the revenue of newspapers are steadily declining!

And in regards to India. They will be fine like us. Now they are saying that India is the Corona hotspot of the world. And? 3 deaths per 100.000 people is not the end of the world? If the mortality rate was high, nobody Could hide the deaths in this day and age! So don’t be happy or celebrate when a country is hit by a calamity (corona ain’t one though)!

Thank god Pakistan wasn’t as hysterical as the Western countries.

Sums up the whole understanding of economics in COVID..

 

[Globenim]

Moodys confirm only 3 countries in G20 to show postive GDP growth this Year = Guess ??? the 3

The article literally says in the title second half of 2020
and 3.1 per cent growth contraction for India in 2020 in the first paragraph.

 

[Han Patriot]

Indian external debt came down from $563 billion in Dec 2019 to $558 billion in Mar 2020. In this period forex grew by $40 billion. So yes, I checked.

India had a quarterly trade surplus in the first quarter. India's service exports were always in positive. India's FDI recorded huge growth this quarter over $25 billion. Remittances are also at an all time high. No drainage of reserves on the account of students and tourists spending abroad as they stay put in the country. FPI equity investments were at all time high at $6 billion.

All of these contributed to our forex growth.

Some pertinent links for you to study before making stupid comments like India is not growing mate. Thank you.

GST revenue is only down 14% from last year in July.

India Exports In July Reached Levels Seen A Year Ago, Piyush Goyal Says

Seen green shoots in consumer appetite for first time since lockdown: BCG India’s Nimisha Jain

Domestic PV sales dip 4% in July; signs of green shoots visible: SIAM

India attracts USD 22 billion FDI during COVID-19: Amitabh Kant

FPI equity inflows: Indian outperforms other Emerging Markets with $6 billion and counting

Forex reserves surge to an all-time high of $538.191 billion

Return of the rumble in the VC jungle

What's behind rupee's stellar rally against dollar? It's not RBI

Tractor industry grows 35% in July

So tell me what is your external debt vs reserves now. Negative or positive? Lol

 

[Pandora]

Not after -23% contraction of GDP in current Quarter. How can one jump from -23% to +ve? this is nothing but load of crap. Even if India starts posting postive growth in next three quarters by some miracle they will not be able to stop GDP from contracting this year. -5% gdp decline is being predicted just by India themselves so expect it to reach at least -8 to -10%.

Also this news is being circulated by indian news outlets and there is no such research published by Moody.