BNP Paribas cuts India's GDP forecast sharply to 3.7 per cent

[farhan_9909]

BNP Paribas sharply cut India's GDP forecast to 3.7 per cent for fiscal 2014 from 5.2 per cent previously. The new forecast, if met, would mark India's lowest growth since fiscal 1992.

RBI's cash draining measures have increased risks to economic growth at a time when the economy was already slowing sharply over the summer, BNP says.

Recent data has been little short of "disastrous", BNP adds, noting falls in industrial output and PMI indicators.

However, the economy could recover to 5.3 per cent by fiscal 2015, BNP argues, as the weaker rupee should allow a recovery in industrial production and export growth while RBI should be able to reverse quantitative easing and eventually resume monetary easing

BNP Paribas cuts India's GDP forecast sharply to 3.7 per cent - Indian Express

Seems like Pakistan might have better growth rate than india in 2014.

expected growth rate is 4.4% next year.while india 3.7%

In the end Pak might grow by 4.1-2% and india around 3%.

For 2015 the Pak finance minister has projected 7% growth rate

 

[farhan_9909]

Seems like Pakistan might have better growth rate than india in 2014.

expected growth rate is 4.4% next year.while india 3.7%

In the end Pak might grow by 4.1-2% and india around 3%.

For 2015 the Pak finance minister has projected 7% growth rate

 

[Sergi]

GDP is counted for the period of 12 months. If trolls remember last year in 2 quarters indian economy do bad but in terms of GDP not too bad.

Its logical economy growth will be slow this years for many reasons and one being coming general elections and costly decision aiming at them.

Seems like Pakistan might have better growth rate than india in 2014.

expected growth rate is 4.4% next year.while india 3.7%

In the end Pak might grow by 4.1-2% and india around 3%.

For 2015 the Pak finance minister has projected 7% growth rate

You should have kept Pakistan out.
Evenif Pak economy grows at 4.4% ( don't think so ) and indian economy just by 3 % , Pakistan stands nowhere near India in final volume. So try not compare two different sized economies.

 

[xyxmt]

BNP Paribas sharply cut India's GDP forecast to 3.7 per cent for fiscal 2014 from 5.2 per cent previously. The new forecast, if met, would mark India's lowest growth since fiscal 1992.

RBI's cash draining measures have increased risks to economic growth at a time when the economy was already slowing sharply over the summer, BNP says.

Recent data has been little short of "disastrous", BNP adds, noting falls in industrial output and PMI indicators.

However, the economy could recover to 5.3 per cent by fiscal 2015, BNP argues, as the weaker rupee should allow a recovery in industrial production and export growth while RBI should be able to reverse quantitative easing and eventually resume monetary easing

BNP Paribas cuts India's GDP forecast sharply to 3.7 per cent - Indian Express

Seems like Pakistan might have better growth rate than india in 2014.

expected growth rate is 4.4% next year.while india 3.7%

In the end Pak might grow by 4.1-2% and india around 3%.

For 2015 the Pak finance minister has projected 7% growth rate

Dont compare Pakistan with India, Pakistan have no place but to go up
lets just celebrate India's downturn

 

[sardar1987]

Its definitely bad time for us but pakistan has never even seen good times!!!So why are they so happy as if suddenly pakistan has started growing at 8%,,,,,,,pls focus on ur own country first

 

[xyxmt]

Its definitely bad time for us but pakistan has never even seen good times!!!So why are they so happy as if suddenly pakistan has started growing at 8%,,,,,,,pls focus on ur own country first

you need to do some reading, Pakistan had seen more good times than India after the partition, its only after 1992 that you guys were able to eat 2 meals and that too for the affluent ones

 

[Sergi]

Dont compare Pakistan with India, Pakistan have no place but to go up
lets just celebrate India's downturn

Hahahaha yes Pakistan will be going up in current situation and India is diving down. Sounds like Mr. Haq analysis

 

[sardar1987]

you need to do some reading, Pakistan had seen more good times than India after the partition, its only after 1992 that you guys were able to eat 2 meals and that too for the affluent ones

Man just look at my posts to argue with me...............i have done all the reading required,,,,,,and even half the indians here are covertly trying to ambush me all the times,,,,so pls keep this bullshit to urself

 

[Sergi]

you need to do some reading, Pakistan had seen more good times than India after the partition, its only after 1992 that you guys were able to eat 2 meals and that too for the affluent ones

Ok. I am all ears. tell me about your good times. I am eager.

 

[klub]

Haha Pakistanis jumping like rabbits.

Here's acid for pakistani hopes :

India will grow at an average rate of 8.3 per cent during 2014-20: D~~amp;amp;B

ndia's economic growth has slowed significantly over the last two years due to structural and cyclical factors, however, going forward, the economy is expected to grow at an average rate of 8.3 per cent during FY14-FY20, says a Dun ~~amp;amp; Bradstreet report.
According to the 'India 2020 Economy Outlook' launched by Dun ~~amp;amp; Bradstreet in association with Life Insurance Company (LIC), the Indian economy is expected to recover from the current phase of slowdown by FY14 and is expected to gather pace by FY'15.
India is likely to realise its potential and achieve a growth rate of over 8.3 per cent during FY14 to FY20, it said. "We believe that India has the potential to get back on a high growth trajectory on the back of increased infrastructure spending, strong growth in services sector and healthy consumption demand," Dun ~~amp;amp; Bradstreet India Senior Economist Arun Singh said.
Singh further noted that the future performance of the Indian economy will depend more heavily on reinforcing domestic drivers of growth. According to the global research firm the policy landscape will have to act as a catalyst to remove the bottlenecks and create a conducive environment for investment to pick up pace and industry to thrive which will in turn boost consumption.
"Government's effort is expected to boost the private sector and improve the overall demand scenario. We also expect stability in the external environment and recovery in global growth which will aid India's growth journey during the forthcoming years," Singh said.
The country's economic growth hit a decade low of 5 per cent in the last fiscal on account of poor performance in the farm, manufacturing and mining sectors. Meanwhile, the central bank, in its First Quarter Review of Monetary Policy on July 30, had cut the growth projection for 2013-14 to 5.5 percent from an earlier estimate of 5.7 percent. The government in February estimated 6.5 percent growth for 2013-14.


Here's some Eye wash solution :

Khawaja Asif says energy shortage 'bigger menace' than terror - UPI.com

stuff.

 

[Alienware]

- Rupee now at 68.8
- Lets hope it continues to fall to 70 and then 80
- Indian economy will soon collapse
- Chinese economy expected to grow to over 14 trillion by 2018
- I am just sitting back, chilling and watching the Rupee fall like a stone in water right now

 

[Jade]

Seems like Pakistan might have better growth rate than india in 2014.

expected growth rate is 4.4% next year.while india 3.7%

In the end Pak might grow by 4.1-2% and india around 3%.

For 2015 the Pak finance minister has projected 7% growth rate

Unlike Pakistan that is caught in WOT, violence and extremism, India's problems are not political, but related to policy. Hence for Pakistan economy to be brought on rails it will take huge effort, and I don't see it being brought on rail in near future

The currency problems that India faces is not isolated but faced by most developing economies that have current account deficit - India, Indonesia, and the Philippines

What India need is clearing past investment deals faster that would restore investor confidence.

BBC News - India infrastructure projects set to boost economy

 

[livingdead]

seems india is making all the wrong news now a days.

 

[klub]

- Rupee now at 68.8
- Lets hope it continues to fall to 70 and then 80
- Indian economy will soon collapse
- Chinese economy expected to grow to over 14 trillion by 2018
- I am just sitting back, chilling and watching the Rupee fall like a stone in water right now

And I am sitting and watching your 10% economy become 6% in the next fiscal. Oh, sorry it just touched 7.3% and down.

http://www.livemint.com/Politics/pRFlWEalQghAm2r1WgfiwO/China-growth-can-sink-closer-to-6-on-waning-job-needs.html

 

[INDIC]

Seems like Pakistan might have better growth rate than india in 2014.

expected growth rate is 4.4% next year.while india 3.7%

In the end Pak might grow by 4.1-2% and india around 3%.

For 2015 the Pak finance minister has projected 7% growth rate

expected growth rate, projected Growth rate. Pakistan just took a loan of $6 Billion from IMF.