Indian economic growth slows to 5.3%

[Chinese-Dragon]

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

Is this a thread about the economy?

 

[he-man]

Is this a thread about the economy?

Not for u as usual

 

[SrNair]

Haha .Epic fail .Quarterly GDP data
So much for thinking

 

[farhan_9909]

Haha .Epic fail .Quarterly GDP data
So much for thinking

won't it also affect your overall GDP growth rate?

most probably the target from 5.7% this year will be atleast down to 5.4%

 

[he-man]

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

Wait for 6 more months when gst gets passed and rates get cut.
By 2016 we will be at 6.5% easily.

 

[he-man]

won't it also affect your overall GDP growth rate?

most probably the target from 5.7% this year will be atleast down to 5.4%

Still 1% up from 4.5% of last year.And 0 reform has been done yet by the new government.If gst gets passed today with a rate cut we will cross 6% this year itself but it will take at least 6 months ,maybe 1 year.

 

[SrNair]

won't it also affect your overall GDP growth rate?

most probably the target from 5.7% this year will be atleast down to 5.4%

So we dont have any problem .
Last year GDP growth was 4.5% .Now with a zero reform in these turmoil time it still have manage to increase 1% than the last year.Only reform we did was an election for New Govt.Now winter season came ,petrol price came down looking for a possible cut in coming months.

 

[Nova2]

won't it also affect your overall GDP growth rate?

most probably the target from 5.7% this year will be atleast down to 5.4%

No 5.7% was never the target,5.5% was the target by RBI and 5.6% by IMF and it average's at 5.5% after 6months,which is what RBI has predicted. And the real growth will be in Q3 and Q4 as minor reforms were either taken in mid-september or in October,which will show its effect in Q3 and Q4.
We are every much on target to achieve our gdp growth rate for this FY.

 

[farhan_9909]

Yes,i agree 5.5% is still a improvement over the past year

 

[jarves]

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

Please give credible source for Pakistan growth rate touching 5.1% in any quarter.

 

[jarves]

won't it also affect your overall GDP growth rate?

most probably the target from 5.7% this year will be atleast down to 5.4%

Yes it will affect overall GDP growth rate but most of the institutions said that India will grow at 5.1% at second quarter and 5.3% was a very optimistic target due to bad monsoon and slow down of manufacturing but we achieved it somehow.The real growth will be in q3 and q4,95% of chance is we will grow more than 5.7% for financial year 14-15 and nearly about 6..5% for 15-16.

 

[farhan_9909]

Please give credible source for Pakistan growth rate touching 5.1% in any quarter.

google khud istimal krnay se hath pir salamat rehte hai,main confirm kr rha hoon

Pakistan GDP growth exceeds expectations: SBP - Pakistan - DAWN.COM

 

[jarves]

google khud istimal krnay se hath pir salamat rehte hai,main confirm kr rha hoon

Pakistan GDP growth exceeds expectations: SBP - Pakistan - DAWN.COM

Oh bhai mere,i googled it already but the point is your goverment has a habit of giving wrong figures,Recently they fudged some data and showed more growth rate when the actual growth rate was 3.1% and gave the excuse that it was a typo,Wont you agree?.
I am not sure if looking into IMF's site will help because they release date for each financial year at the end do not update quarterly?,isnt it?.

 

[Arya Desa]

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.

Grandpa, you'll long be dead by then.

 

[dray]

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.

Let me teach you slowly,

Step by step,

Step one......

Have you seen a spring, a mechanical spring?