Indian economic growth slows to 5.3%

Chinese-Dragon said:

Many of them treat Modi with the reverence one might give to a Deity.

@DRAY, @anonymus, @jha, etc.

I'm just wondering, how come it has been so hard for Modi to push through reforms?

Chinese economic reforms are being announced all the time, and will continue that way for the next 2-3 years.

Click to expand...

Just wait for winter session trollus,,many new laws are gonna be passed

Crude price is down 40 USD, that alone would contribute big towards Indian GDP. Kind of windfall for India.

Finance Ministry hopeful of 5.4-5.9% growth this year - The Economic Times on Mobile

Chinese-Dragon said:

India is in the habit of reporting artificially high growth rates, and then "quietly" revising them downwards later.

Like this:


They originally said their growth that year was above 5%, but they revised it downwards later on. Quietly of course.

Click to expand...

Do you atleast know anything about Macro Economics, my dear. Atleast you know which year is this? Have you chinese govt even blocked international date system there? Do you think India can make up its GDP figures despite its open governance? Have some knowledge before you talk. Dont be one of the typical chinese when you are in an international forum or atleast a foriegn forum. India is not China, where there are no private macro economic statisticians or no open govt data. Here we have RTI. You what it is? Rights to Information. We have a vast private media, which have complete freedom. Do not think you can make everything up and can argue like an illiterate.

Expected QY Growth is just 5 while India grew more than expected. Its a thing to celebrate. Go and complete your kinder Gartens first.

Chinese-Dragon said:

Indian Government revises down FY-13 GDP growth to 4.5% YoY - Economic Times

Click to expand...

So we revised it to 4.5% and get ovet 5%. Is it overestimating?

Chinese-Dragon said:

They originally said their growth that year was above 5%, but they revised it downwards later on. Quietly of course.

Click to expand...

I will give you an example of manipulation of Growth by a mind boggling figure. Read This:


Local governments inflated China’s GDP by $900 billion last year | Page 6

So far as manipulating the DATA is concern, nobody can come close to you Guys. You reduced poverty by changing of poverty line from 1.25 USD in PPP to 0.24 USD in PPP>

Do not give us a credit for which you guys are master.

slow down was majorly due to the drop in agricultural growth after a weak monsoon, winter crops suffered badly.

What slow down? You guys realise you're meant to compare Y-o-Y growth, not quarter on quarter. There is no slow down, there is a speed up from the previous years 2nd quarter.

Don't waste your time here. Full of hatred speech, no way useful rather than productive argument. Grow up buddies.. Outta here.

Chinese-Dragon said:

What you mean like this?

India's IT Exports to US Wildly Exaggerated



India reported $8.7 billion in IT exports to America, but the US only reported $420 million in IT from India.

You shouldn't try to play with your trade numbers, since you know the other side can check if their numbers match, right?

America checked and found a wild discrepancy. That's how they figured out your trade data was fake.

Click to expand...

Haq's musings is a credible source Mr. Think tank..
But you not even read that thoroughly.. USA given fig is unaffiliated imports.. Indian fig is affiliated+ unaffiliated.. Read it again..

HariPrasad said:

You do not know. he has started this thread in retaliation of That thread just posted called India last BRIC Standing.

Click to expand...

I just showed him that economy in Q2 grew better than expected by other economist,and that Q3& Q4 are the once that would be most importanat as it was after september that many smaller reforms were done or the once done earlier would show their effect in Q3 & Q4. And he like it or not we are the only country who's economy is growing among Brics

he-man said:

Just wait for winter session trollus,,many new laws are gonna be passed

Click to expand...

I am weighting for march,April next year when RBI is said to come up with some banking reforms ,because it is banks that have sanction loans for various projects to be completed,but they are reluctant to sanctions loans as of now. And also coal block allocations and some other major reforms that we could expect to be implemented by then.

lightoftruth said:

slow down was majorly due to the drop in agricultural growth after a weak monsoon, winter crops suffered badly.

Click to expand...

Also Industrial production that remained stagnant for all those three months.

HariPrasad said:

So we revised it to 4.5% and get ovet 5%. Is it overestimating?



I will give you an example of manipulation of Growth by a mind boggling figure. Read This:


Local governments inflated China’s GDP by $900 billion last year | Page 6

So far as manipulating the DATA is concern, nobody can come close to you Guys. You reduced poverty by changing of poverty line from 1.25 USD in PPP to 0.24 USD in PPP>

Do not give us a credit for which you guys are master.

Click to expand...

http://www.lse.ac.uk/asiaResearchCentre/_files/ARCWP03-Stafford.pdf

Nova2 said:

I am weighting for march,April next year when RBI is said to come up with some banking reforms ,because it is banks that have sanction loans for various projects to be completed,but they are reluctant to sanctions loans as of now. And also coal block allocations and some other major reforms that we could expect to be implemented by then.

Also Industrial production that remained stagnant for all those three months.

Click to expand...

A rate cut is required right now.

he-man said:

A rate cut is required right now.

Click to expand...

he-man said:

A rate cut is required right now.

Click to expand...

Can't say how much would 25bpts cut help,it could for a while make markets rally but then they would be back to square one,what needs to be done is bring in major reforms and then simultaneously have rate cut,which would be better,if there is constrain from supply side like banks and various sectors then rate cut perhaps couldn't help much.
GDP growth set to weaken, business wants reforms more than rate cut
@Lil Mathew what do you say?

root said:

And they thought their super hero Modi will dominate all the countries in the world.

Click to expand...

It is typical 3rd world thinking to assume that every new leader is "the one" that will turn their country into a superpower. The same thing happened with previous Indian leaders. This is common to people suffering from severe mental deficits.

Mark my words and bookmark my comment. In 2-3 years everyone will hate Modi and consider him weak, cowardly, and a destroyer of the Indian economy. Indians have a habit of blaming all of their problems on their government, when they are the one's that elect these leaders. Indian leaders come out of the Indian population, no different from any other nation. Indians don't seem to realize that the endemic corruption and stupidity of thousands of officials all across India is a reflection of the intellect and personality of the people they came from!

People aren't just nice and then they become politicians and turn evil and corrupt overnight. They were always like this. Switch any random Indian from a random Indian city into a politician and they will do the EXACT same job and steal the same amount of money. In fact they may be even worse because of a lack of education. Change comes from within a population, not by just "electing the right leader". This is the idiocy of the 3rd world intellect.

And they were blaming Man mohan singh for the slow down.

Similar happened with Pakistan last year,First quarter growth was 5.1% which was down to 3.1% in the second quarter but atleast nawaz govt can take the excuse of terrorism and severe economic mismanagement under PPP