cirr
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Want more AWESOME news ?
Indian GDP is going to shrink 5 % this year. India's GDP growth fell to 5% and its Rupee fall a monster 12%. Which means a 5% shrink will be true !!
India's inflation rate is 8%, amazing !! Its inflation rate is higher than its growth rate !
Shooopaaaaaa poooowaaaa indeed !
real growth 5%,inflation 8%,that's 13% nominal。cancelling out by 12% depreciation in rupee gives NO growth in dollars terms。
if it turns out to be true,this will be the 3RD year during which India's GDP sees no growth in US dollars。
China's real growth will be 8% with 3-4% GDP deflator。Given a more or less stable yuan:dollar exchange rate,the dollar GDP will see some 12% growth this year,closing out 2012 with a total economic output of some 8.4 trillion dollars。