Worst over, India's GDP to grow 6.2% in 2013: Moody’s

[Koovie]

Believe you heard enough.

You cannot stand the truth and cannot answer my arguments, thats why you wrote this.........

 

[shree835]

You cannot stand the truth and cannot answer my arguments, thats why you wrote this.........

Could you please help me to understand Why India’s growth rate came down?

 

[agamdilawari]

Could you please help me to understand Why India’s growth rate came down?

1. Red tapism reaching new heights
2. Fear among officials regarding taking decisions after various scams being exposed in past couple of years
3. Global slowdown

 

[shree835]

1. Red tapism reaching new heights
2. Fear among officials regarding taking decisions after various scams being exposed in past couple of years
3. Global slowdown

Above all, Issue is remote controlled Indian PM Mr. Manmohan Singh… Under his leadership N number of scam happened, due to that India lost a handsome amount of money, and Mr. MMS did nothing except supporting them. ..

 

[PoKeMon]

If Modi becomes PM, but hasnt got a majority to implement reforms, what then????
If Modi becomes PM while the west is still in a recession, then what????

Wake up!

Too much of cynicism is corrosive.

What make you believe that Modi could not have done any better than this policy paralytic UPA government?

Is what UPA achieved is the best one could have achieved in troubled time?

So instead of adding "ifs" and discrediting someone who have perform is unwarranted.

Yes state and nation policies differ but how can you say Modi cant perform at national level?

 

[Koovie]

Could you please help me to understand Why India’s growth rate came down?

1.Lack of any major economic reform/liberalization, but why cant MMS introduce them??? Because he hasnt got a sufficient majority! The same might happen after the 2014 elections as well, no matter if UPA or NDA wins,if the opposition is stronger, they wont get anywhere!!!!

2. The world is in a recession in case you havent noticed! If the eurozone and the USA are in a recession, how can India grow with +8% ?!?!?! Havent you ever heard the word globalization?????

 

[kawaraj]

1.Lack of any major economic reform/liberalization, but why cant MMS introduce them??? Because he hasnt got a sufficient majority! The same might happen after the 2014 elections as well, no matter if UPA or NDA wins,if the opposition is stronger, they wont get anywhere!!!!

2. The world is in a recession in case you havent noticed! If the eurozone and the USA are in a recession, how can India grow with +8% ?!?!?! Havent you ever heard the word globalization?????

Some guys are well into wishful thinking, there are many risks ahead in the would economy. US financial cliff, Chinese housing bubble, EU solvency, etc.

Only nobrainers can be that optimistic.

 

[anant_s]

As UPA 2 rule has shown, till country's electorate keeps electing coalition governments, we will never have a situation where the single person or party can enforce strong decisions and this holds true for Modi, MMS, PC or anyone else who fancies his/her chances of becoming PM.
A lot of members on this forum keep blasting Manmohan Singh for being ineffective, remote controlled etc. While some part of this is true, one should not forget that he is an eminent economist and it was him who brought the reforms of 1992-93. Now the same man cannot be dumb enough to not take economically tough decisions but the fact that an ideologically opposed party having 15-20 members (read TMC) is vital to governments stability and openly protests anything that is not populist. I mean rail fares haven't been hiked in 10 years, a huge amount of ridiculous subsidies are still given, we are still opposed to FDI, isn't it a no-brainer that economy is stagnating.
As for Modi, pl. remember the man has done enough in Gujarat to be lead candidate for PM and has a good chance of becoming PM should NDA come to power, but that remains the easy part.
If NDA forms a coalition similar to UPA, situation is not likely to improve much. You have Amma in place of Mamta (God forbid if TMC decides to join NDA), Akali Dal, JD(U) who are already demanding special packages, sooner or latter the new experiment will start giving similar depressing results.
Investors really look forward to three things:
1. Transparency
2. Political Stability
3. Effective Governance

out of these 3, political stability unfortunately has become hostage of regional parties whims and fancies, and that is taking a heavy toll of what could otherwise have been a fairy tale story for out economy.
I ain't taking sides but pray silently, that either congress or BJP wins atleast 230-250 seats on their own so that whichever alliance forms government, the Dominant national party has final and decisive voice in decision making.

 

[KRAIT]

Some guys are well into wishful thinking, there are many risks ahead in the would economy. US financial cliff, Chinese housing bubble, EU solvency, etc.Only nobrainers can be that optimistic.

So basically you are saying that instead of taking Moody's assessment seriously, we should rather believe you ?

 

[Chinese-Dragon]

Moody's is being moody.

Anyway, considering India's demographic bulge, they should currently be at 8-9% average growth. The problem is the bureaucracy refusing to make the system more efficient and effective.

With proper administration it could go a lot higher.

 

[third eye]

Moody's is being moody.

Anyway, considering India's demographic bulge, they should currently be at 8-9% average growth. The problem is the bureaucracy refusing to make the system more efficient and effective.

With proper administration it could go a lot higher.

Valid points.. all

 

[cloud]

If Modi becomes PM, but hasnt got a majority to implement reforms, what then????
If Modi becomes PM while the west is still in a recession, then what????

Wake up!

Then we need bring him with majority.. Ya phir marwate raho apni aise hi???

 

[Contrarian]

Taming fiscal deficit and CAD alone would yield a higher growth rate. They are at the moment biggest stumbling blocks.

If fiscal deficit is tamed, it would lead to very targetted subsidies using Aadhar, which initself would be great as opposed to current method of simply giving money to all and sundry - more than half BPL cards are fake.