India may see 8% growth in 2 years: Rangarajan

[dee]

The Indian economy, projected to grow 6.7% in 2012-13, may return to 8% growth in two years, with inflation likely to fall further, said C Rangarajan, chairman, Prime Minister’s Economic Advisory Council. “The growth rate in the current fiscal year (2012-13) will be a shade better than
previous fiscal year,” said Rangarajan on the sidelines of banking conference oganised by the Federation of Indian Chambers of Commerce and Industry and Indian Banks' Association. “Perhaps in another two years time we should get back to 8% rate of growth.”

He also said that the RBI needs to bring down the cash reserve ratio (CRR) and control credit flow through open market operations. The CRR is the proportion of deposits banks must set aside with the central bank.



http://www.hindustantimes.com/busin...th-in-2-years-Rangarajan/Article1-925700.aspx

 

[doublemaster]

Trust MMS.

 

[Chinese-Dragon]

Just last year, the Indian Government projected that India would be growing at 9.5% for the next half-decade.

Wall Street Journal - Review & Outlook: India Fades

It was only last summer that the Indian government forecast that the economy would grow at an annual rate of 9.0% to 9.5% for the next half-decade. So it came as a shock Thursday when new data revealed the economy slowed to a 5.3% annual clip in the January-March quarter.

Projections need to be realistic instead of idealistic, since future spending plans (infrastructure, etc.) are based on these forecasts.

Such a huge disparity between projected numbers and reality are not a good sign. Either they don't know what they are saying, or more likely they are just playing politics.

 

[David James]

Just last year, the Indian Government projected that India would be growing at 9.5% for the next half-decade.

Wall Street Journal - Review & Outlook: India Fades



Projections need to be realistic instead of idealistic, since future spending plans (infrastructure, etc.) are based on these forecasts.

Such a huge disparity between projected numbers and reality are not a good sign. Either they don't know what they are saying, or more likely they are just playing politics.

The growth in china is at all time low and going down with each day, should i post dozen of links??

Our case:

- Its due to the policy paralysis caused by anna hazare movement

- The global recession

 

[Mirza Jatt]

Just last year, the Indian Government projected that India would be growing at 9.5% for the next half-decade.

Wall Street Journal - Review & Outlook: India Fades



Projections need to be realistic instead of idealistic, since future spending plans (infrastructure, etc.) are based on these forecasts.

Such a huge disparity between projected numbers and reality are not a good sign. Either they don't know what they are saying, or more likely they are just playing politics.

I have to agree with that. well said.

 

[Chinese-Dragon]

The growth in china is at all time low and going down with each day, should i post dozen of links??

There is a big difference.

China slowdown was intentional. We've been trying to "cool down" our economy for several years now.

Since we have already had three decades of sustained double-digit growth, now it is time for lower and more sustainable growth levels. Our leaders have been saying this for several years already.

India on the other hand has not yet achieved sustained double-digit growth in the first place. India is in the phase where growth needs to be going upwards, not downwards.

 

[JanjaWeed]

Good to see this optimism from Mr Rangarajan now that he is under the payroll of MMS & his govt. He wasn't all that forthcoming with his positive growth predictions when he was the governor of RBI.

 

[INDIAISM]

That's because most probably we will have ''Narendra Modi'' as PM of India in 2014.......

 

[doublemaster]

That's because we have election in 2014...After which we will overthrow the present currupt govt out of power....

No, If NDA comes it will be some where near 3-4.

Look at this.

Growth rate during NDA rule year ending 2000-2004

2000 - 5.5
2001 - 6.0
2002 - 4.3
2003 - 4.3
2004 - 8.3


UPA-1
2005 -6.2
2006 -8.4
2007 -9.2
2008 -9.0
2009 -7.4
2010 -8.4

Sure, 2012 is less. still dint beat NDA score even then world economy was fine

Now see,
1991-92 - 1.3 @ After this manmohan singh was made FM.
1992-93 - 5.1 - Impressive right? He is genius, here he impleted first economical reforms which changed india economy
1993-94 - 5.9
1994-95 - 7.3
1995-96 - 7.8, Then comes NDA...you seee where GDP goes..

Source: http://www.defence.pk/forums/world-...ster-becomes-tragic-figure.html#ixzz25iTCqmRb

 

[manojb]

8% projected 6% actual, to attract investor. India is not image conciuous, we dont cook books!

 

[INDIAISM]

No, If NDA comes it will be some where near 3-4.

Look at this.

Growth rate during NDA rule year ending 2000-2004

2000 - 5.5
2001 - 6.0
2002 - 4.3
2003 - 4.3
2004 - 8.3


UPA-1
2005 -6.2
2006 -8.4
2007 -9.2
2008 -9.0
2009 -7.4
2010 -8.4

Sure, 2012 is less. still dint beat NDA score even then world economy was fine

Now see,
1991-92 - 1.3 @ After this manmohan singh was made FM.
1992-93 - 5.1 - Impressive right? He is genius, here he impleted first economical reforms which changed india economy
1993-94 - 5.9
1994-95 - 7.3
1995-96 - 7.8, Then comes NDA...you seee where GDP goes..

Source: http://www.defence.pk/forums/world-...ster-becomes-tragic-figure.html#ixzz25iTCqmRb

Buddy why don't you go through the high inflation during UPA time which indirectly helped them in keeping GDP growth rate above 7% till 2011.....Bhai ye sab figures ka khel hai.....Let me show you the difference between the Retail price in 2004 and 2012.....

Item 2004 price 2012 price

Milk 16Rs 40 Rs
Rajma 33Rs 105 Rs
Cholle 32Rs 108 Rs
Sugar 16 Rs 42 Rs

 

[Chinese-Dragon]

8% projected 6% actual, to attract investor. India is not image conciuous, we dont cook books!

Actually, India's growth has been 5% for the last two quarters.

India is not image conciuous, we dont cook books!

Bloomberg - India Overstated Exports by $9 billion

Exports can easily be double-checked with the other countries that received the exports.

 

[doublemaster]

Bhaijaan why don't you go through the high inflation during UPA time which indirectly helped them in keeping GDP growth rate above 7% till 2011.....Bhai ye sab figures ka khel hai.....

Inflation helped them keeping GDP???

Number game? Thats why BJP keep mentioning about Guj GDP?

 

[RISING SUN]

No, If NDA comes it will be some where near 3-4.

Look at this.

Growth rate during NDA rule year ending 2000-2004

2000 - 5.5
2001 - 6.0
2002 - 4.3
2003 - 4.3
2004 - 8.3


UPA-1
2005 -6.2
2006 -8.4
2007 -9.2
2008 -9.0
2009 -7.4
2010 -8.4

Sure, 2012 is less. still dint beat NDA score even then world economy was fine

Now see,
1991-92 - 1.3 @ After this manmohan singh was made FM.
1992-93 - 5.1 - Impressive right? He is genius, here he impleted first economical reforms which changed india economy
1993-94 - 5.9
1994-95 - 7.3
1995-96 - 7.8, Then comes NDA...you seee where GDP goes..

Source: http://www.defence.pk/forums/world-...ster-becomes-tragic-figure.html#ixzz25iTCqmRb

Perhaps you forgot that NDA was the government which tested Atomic bomb. Result was severe restriction which you can't imagine ever,never. Still they performed very well. In UPA time if we have 8% of growth rate,mark my word that inflation will be much higher. So all goes in drain. It was NDA which implemented many basic infrastructure improvement of which UPA is getting returns.

 

[Jade]

There is a big difference.

China slowdown was intentional. We've been trying to "cool down" our economy for several years now.

Since we have already had three decades of sustained double-digit growth, now it is time for lower and more sustainable growth levels. Our leaders have been saying this for several years already.

India on the other hand has not yet achieved sustained double-digit growth in the first place. India is in the phase where growth needs to be going upwards, not downwards.

Now this is what is called **** and bull story