India economy slows to 7% growth, Modi failed!

[MilSpec]

People were predicting 8% hahahahahhahahah!!!

So what do you say Indians?

yupp we failed,
btw how is 4.14% treating you .. (to a prediction of 4.9, coming of shorter of the margin)

 

[Sam.]

Coming in at a 7% rate with prediction of 7.4% that too for the quarter is considered as a failure.

jeez...

yes in pakistan it is you have to have below 5 % growth to be successful

 

[[Bregs]]

M: Master
O: Of
D: Destroying
I: India


Fail toh hona tha.

Monsoon was awesome this year , maza aa gaye. acchi fasal aa ri.


If monsoon is good then growth rate might tough 8% as still 3 quarters are remaining


Mai to chicken daru piyoonga bhai.

 

[Sam.]

Everyone is waiting for interest rate to go down so they can borrow money from the market and invest

I am not economist but i say what i hear

However we do farming (jats always have land to farm )

Gav sai khabar hai monsoon was awesome.

@[Bregs]

 

[UKBengali]

Nothing wrong with 7% as that is the average sustainable growth rate of India.

 

[rezangahir]

Monsoon was awesome this year , maza aa gaye. acchi fasal aa ri.



Mai to chicken daru piyoonga bhai.

Tau Nukes key liye paise kahan sey ayega ?

 

[ni8mare]

New Delhi: Economic growth slowed by more than expected in the quarter to June, according to data released on Monday that will worry Prime Minister Narendra Modi and prompt more urgent calls from his aides for interest rate cuts.

Gross domestic product expanded an annual 7 per cent rate in the April-June quarter, government figures showed. That was slower than provisional growth of 7.5 per cent in the previous quarter.

Analysts polled by Reuters expected growth for the quarter to come in at 7.4 per cent, but a weak showing from the services sector acted as a drag on Asia's third-largest economy.

"Growth conditions are still weak and are picking up in a very, very gradual manner," said A. Prasanna, economist at ICICI Securities Primary Dealership.

While India matched growth in China, the loss of momentum comes just as PM Modi's image as the country's economic saviour starts to fade 15 months after his historic electoral triumph.

He swept to power on a promise of speedier growth creating millions of manufacturing jobs. But businesses are getting restless with slow progress in removing barriers to growth.

The data will also strengthen the chorus from Modi's administration for a rate cut. Some bureaucrats are already arguing for an immediate reduction of as much as 50 basis points in the Reserve Bank of India's main 7.25 per cent policy rate.

"In our view, (it) clearly paves the way for two more repo rate cuts before the close of the financial year," said Jyotinder Kaur, principal economist at HDFC Bank.

The RBI has cut the policy repo rate 75 basis points since January. But it left the rate on hold at its last policy review early this month.

While it has not ruled out further monetary easing, it has tied up future rate cuts to the inflation outlook.

Many in the government are worried that growth could slip below the official target of 8 to 8.5 per cent for the year to March, and sees the RBI's caution as worsening the situation.

IMF probing Pakistan’s numbers on last year’s fiscal deficit

“In our close to 70 years’ history, we’ve never had a government that fudged statistics to the extent of this one.” He said the actual 2015 budget deficit including circular debt was closer to 8.5% of GDP, not the 5.3% the government claimed.

Pakistan's economy facing revenue generation crisis: report
Disdain over IMF’s rosy view of Pakistan

“In our close to 70 years’ history, we’ve never had a government that fudged statistics to the extent of this one,” says Hafeez Pasha, an economist and former finance minister. Actual growth, he says, is more like 3.5 per cent than the official 4.2 per cent, while the budget deficit is closer to 8.5 per cent than 5 per cent.

 

[Sam.]

Tau Nukes key liye paise kahan sey ayega ?

abe chachundar daal roti kha and chup chap gher mai ja k so ja.

 

[Mr.Nair]

When bright student score 45/50 every one comments as the failure of student.Same the case of India

When dumb student score 20/50 every one comment as the success of student.Same the case of pakistan

 

[kṣamā]

Now these human bombs from a terrorist state can start celebrating. Indian economy is failing hence theirs is rising in comparison !! Dhayan rakhna kahin khushi se phoot na jao !!

 

[Parul]

For two days, my attempt to Troll isn't going well!

Master of Developing India: Modi!

 

[rezangahir]

abe chachundar daal roti kha and chup chap gher mai ja k so ja.

Chal bey yindoo baniya

 

[Sam.]

For two days, my attempt to Troll isn't going well!

Master of Developing India: Modi!

tumahare baska na hai bibi ji

 

[Sam.]

Chal bey yindoo baniya

bhai gali mat de mai ,mai kutti kaat dunga teri.

 

[dravidianhero]

Everyone is waiting for interest rate to go down so they can borrow money from the market and invest

I am not economist but i say what i hear

However we do farming (jats always have land to farm )

Gav sai khabar hai monsoon was awesome.

@[Bregs]

Monsoon was awesome only in north and north east..unfortunately it is poor in south,west and central India.