Shocking Indias GDP.

[arushbhai]

Indian govt and indian people should have absolutely no excuse as to why their GDP has fallen to this level. They have no terrorism problem, their currency is strong, they have a huge man power, they get a huge piece of foreign investment, they get over 70 billion dollars in remittance each year, they have no energy crisis; How exactly did that happen? India definitely needs to get its **** together.

 

[Water Car Engineer]

Oh, this will be on the media 24/7 make no mistake.. Let's see how the politicians respond from the grilling.

 

[RiazHaq]

Indian rupee and major Indian stock indices have both suffered double digit losses this year. Weakness in the Indian currency, which tumbled almost 15 percent this year, could further fuel inflation, and hurt consumers in an election year. Compared to 2011-12, the Indian GDP has declined in US $ terms by more than $200 billion to about $1.65 trillion this year.

Haq's Musings: India Suffers Rapid Loss of Investor Confidence

 

[livingdead]

Indian govt and indian people should have absolutely no excuse as to why their GDP has fallen to this level. They have no terrorism problem, their currency is strong, they have a huge man power, they get a huge piece of foreign investment, they get over 70 billion dollars in remittance each year, they have no energy crisis; How exactly did that happen? India definitely needs to get its **** together.

thats fall in GDP growth rate, not GDP..

 

[Chinese-Dragon]

4.4% was India's growth data from the last quarter.

Which means that the recent enormous fall of the Rupee has not been taken into account yet.

Also, according to the Indian government, India needs at least an 8% growth rate in order to create enough jobs to accommodate the millions of young people who enter the job market every year.

This is why people refer to the "demographic dividend" as more of a "demographic curse". Hundreds of millions of young people entering the job market, while growth is not high enough to create enough jobs.

 

[anonymus]

4.4% was India's growth data from the last quarter.

Which means that the recent enormous fall of the Rupee has not been taken into account yet.

Also, according to the Indian government, India needs at least an 8% growth rate in order to create enough jobs to accommodate the millions of young people who enter the job market every year.

This is why people refer to the "demographic dividend" as more of a "demographic curse". Hundreds of millions of young people entering the job market, while growth is not high enough to create enough jobs.

And the worst part is that government itself is responsible for strangulation of economy.


Congress is so high on kool-aid of socialism that it considers word like growth and corporate as slurs.

It has invented a new term called inclusive growth which is bastardization of the term growth.They believes that some form of growth is not inclusive and hence should be discouraged.


@Guynextdoor2 would be pretty happy with current situation. After all it is dream of sonia.

 

[RiazHaq]

4.4% was India's growth data from the last quarter.

Which means that the recent enormous fall of the Rupee has not been taken into account yet.

Also, according to the Indian government, India needs at least an 8% growth rate in order to create enough jobs to accommodate the millions of young people who enter the job market every year.

This is why people refer to the "demographic dividend" as more of a "demographic curse". Hundreds of millions of young people entering the job market, while growth is not high enough to create enough jobs.

It's 4.4% GDP growth in Indian rupee terms. In US $ terms, it represents a significant reduction in Indian GDP.