The Indian Miracle Lives

[prabhakar]

The problem is that India has been living on "predictions" of the future. All of these future predictions assumed (wrongly) that India would follow China, and be able to sustain double-digit growth for several decades like we did.

Check out this thread on the forum:

http://www.defence.pk/forums/world-affairs/77664-india-outpace-china-2011-wb.html

How does it feel to look at this in hindsight? Indians were so proud that they would be able to outpace China's percentage growth in 2011. Instead, they fell to 5.3%.

it was one quarter growth...first quarter growth was 9.4 %... overall growth 6.5 % better than the cooked up chinese data

 

[IndoCarib]

LOL apparently you can't read.

It shows India's GDP growth currently at 5.3%. NOWHERE near the top two.

Indian GDP growth falls to 5.3% - Financial Times

I read the link you gave me. And it proves my point

 

[prabhakar]

LOL apparently you can't read.

It shows India's GDP growth currently at 5.3%. NOWHERE near the top two.

Indian GDP growth falls to 5.3% - Financial Times

you should read the whole article ...it was for fourth quarter...

 

[KRAIT]

LOL apparently you can't read.

It shows India's GDP growth currently at 5.3%. NOWHERE near the top two.

Indian GDP growth falls to 5.3% - Financial Times

Stop with your continuous rant of 5.3% growth rate. You have mentioned in gazillionth time. Don't you get fed up posting same thing Over and Over again. Bring something new.

 

[IndoUS]

Well we will just have to imagine. Because if I was Indian I would be very embarrassed and sheepish and be humbled.

Maybe some Indian members can tell us how they feel?

Still much better most the countries around the world, 5.3% first quarter, and as CD posted the link so I will take his word and it says 7.1% which is improvement from last year, as for feelings there is a bit of anger toward the government for not taking stern and quick action, but there is also a sense of relief that compared to other countries the economy is still growing.

 

[Chinese-Dragon]

India to outpace China in 2011.

Go ahead, read the thread, and then read the World Bank article which predicted this. Hindsight is great, isn't it?

India always falls below predictions. Even Jim O'Neill, the economist who created the idea of BRIC, said that: "India is the most disappointing of all."

The problem is that people (wrongly) assumed that India would be able to do what China did, i.e. sustain double-digit growth for several decades in a row. And now they are finding out that they were wrong, which is why investors are pulling out, and the Rupee is collapsing, along with your credit rating.

 

[catcatsunny]

stupid article & wrong chart

India 2011 GDP = 6.5%

1Q = 7.7%
2Q = 6.9%
3Q = 6.1%
4Q = 5.3%

India 2012 GDP = 5.3% or below ( Rupee record low, India's industrial output drop sharly)

1Q = 5.3% or below
2Q = ?
3Q = ?
4Q = ?

Indoesia GDP is faster than you

 

[KRAIT]

Well we will just have to imagine. Because if I was Indian I would be very embarrassed and sheepish and be humbled.

Maybe some Indian members can tell us how they feel?

You should be embarrassed of your 2-3% growth rate and massive debts. Kindly refrain from this discussion if you have nothing relevant to add.

 

[IndoCarib]

LOL, this same Indian fairytale keeps living. India is clearly not the 2nd fastest growing major economy.

Here, from the back page of the Economist:

Markets and Data | The Economist

And on topic:

Farewell to Incredible India | The Economist

You should read before posting. In the very link you posted here, it shows India is clearly the 2nd fastest growing major economy.

 

[Chinese-Dragon]

I read the link you gave me. And it proves my point

No, because you are talking about "predicted future growth rates", which are worthless, as that World Bank article showed.

I'm talking about actual present growth rates, of which India is nowhere NEAR the top two in the world.

You should read before posting. In the very link you posted here, it shows India is clearly the 2nd fastest growing major economy.

If you want to delude yourself, go right ahead. But anyone with the capability to read basic numbers can tell you that you're wrong, and that India is actually growing at 5.3%.

India has fallen for its own hype.

 

[lem34]

Tell me CD how do you feel about seeing Indian's in a position they did not see themselves in?

 

[prabhakar]

Tell me CD how do you feel about seeing Indian's in a position they did not see themselves in?

why are you trolling as usual...please PM him and sort out your questions....reported

No, because you are talking about "predicted future growth rates", which are worthless, as that World Bank article showed.

I'm talking about actual present growth rates, of which India is nowhere NEAR the top two in the world.



If you want to delude yourself, go right ahead. But anyone with the capability to read basic numbers can tell you that you're wrong, and that India is actually growing at 5.3%.

India has fallen for its own hype.

actually it is just a fourth quarter growth...

 

[Chinese-Dragon]

Tell me CD how do you feel about seeing Indian's in a position they did not see themselves in?

It feels fair, since it was only a few months ago that the Indians were predicting the downfall of the Chinese economy due to various different reasons from ghost cities, jasmine revolutions, to excessive reliance on exports and vulnerability to global conditions.

And these same Indians were confidently boasting that they would be able to outpace China in 2011 because "The World Bank said so."

Now the Indians are finally beginning to see reality, however most are still caught within their own fairytale of being "the second-fastest growing economy"... despite that being complete BS.

As the Economist said: "India is living on hype."

 

[catcatsunny]

stupid article & wrong chart

India 2011 GDP = 6.5%

1Q = 7.7%
2Q = 6.9%
3Q = 6.1%
4Q = 5.3%

India 2012 GDP = 5.3% or below ( Rupee record low, India's industrial output drop sharly)

1Q = 5.3% or below
2Q = ?
3Q = ?
4Q = ?

India's 2012 GDP = 3 - 4% or below I expect ( since India industrial output drops sharply March - May)

 

[IndoCarib]

No, because you are talking about "predicted future growth rates", which are worthless, as that World Bank article showed.

I'm talking about actual present growth rates, of which India is nowhere NEAR the top two in the world.



If you want to delude yourself, go right ahead. But anyone with the capability to read basic numbers can tell you that you're wrong, and that India is actually growing at 5.3%.

India has fallen for its own hype.

no delusions. just what I saw from the link you posted. please give me a link that shows India is not the fastest growing economy. dont post quarter growths