BRIC countries 2011 = India's deficit threatens to explode!

[KRAIT]

We have $ 20 billion worth of treasure in one temple.
How can people think india is going to default ?
As far as US crippling India,
US-Indo defence ties not based on arms sales: Pentagon - Indian Express

They need India to counter balance China to some extent.

 

[davidson]

I stand for Indonesia soon

Indonesia (Southeast Asia's largest economy) is a great country with low inflation

 

[Birbal]

You are correct.

Behind the machinery of the world’s financial systems, USD Dollars are the medium of exchange the world transacts in. So every time the Federal Reserve creates (prints) a new dollar, the rest of the dollars in the world get devalued—whether they are in the United States or the United Kingdom.

The “exorbitant privilege” comes from the United States’ ability to essentially dictate monetary policy to the central banks of the world.

What this means is that the U.S. could export inflation to its trading partners.

And that's why India's buying oil from Iran in USD right?

 

[davidson]

RBI worried about govt’s excessive borrowing; asks it to cap fiscal deficit
February 01, 2012

RBI governor D Subbarao has raised the red flag on the government's ballooning fiscal deficit once again. Speaking at an international research conference, the governor said there is a need to set a limit to government borrowing. CNBC-TV18's Gopika Gopakumar reports.

Excessive borrowing bad, cap fiscal deficit: RBI tells govt - CNBC-TV18 -

 

[Huan]

that Davidson guy is correct. India cannot be compared to the US, especially as CURRENCY is concerned.

the US can cripple India in a few minutes, not by military, but by finance, that's a harsh fact not easy to digest.

Indian's deficit is in a dangerous zone to a point that if any US agency starts short anything indian, that country is in dire straight. to note, Greek has EU to back it and a US ally, India is nobody.

Well, the U.S. can certainly impose very effective sanctions on India for defying Washington's wishes on Iran. ^^

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RBI worried about govt’s excessive borrowing; asks it to cap fiscal deficit
February 01, 2012

RBI governor D Subbarao has raised the red flag on the government's ballooning fiscal deficit once again. Speaking at an international research conference, the governor said there is a need to set a limit to government borrowing. CNBC-TV18's Gopika Gopakumar reports.

Excessive borrowing bad, cap fiscal deficit: RBI tells govt - CNBC-TV18 -

India should drastically cut spending on military expenditures. ^^

 

[IndianArmy]

I stand for Indonesia soon

Your Standing and Sitting hardly makes any difference..

 

[ARCHON]

Its gonna explode.. start building bunkers.

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Indonasia

 

[JAT BALWAN]

Well, the U.S. can certainly impose very effective sanctions on India for defying Washington's wishes on Iran. ^^

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India should drastically cut spending on military expenditures. ^^

In your dreams ...your all efforts are going on to cut off defence expenditures ... so 2% of GDP will do all the things right??

 

[ADAMANSKA]

OP= Hafizzz?

 

[davidson]

Its gonna explode.. start building bunkers.

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Indonasia

Indonesia may trim debt to less than 20 percent of GDP in the next three years, from 24.5 percent last year, improving the business climate and leading to a higher rating, Wirjawan said. Moody’s Investors Service raised its sovereign rating on Indonesia to an investment grade Baa3 on Jan. 18

Well Done!

 

[davidson]

India's revenue is only 0.17 trillion, but -0.51 trillion deficit, very dangerous!

List of countries by current account balance (Surplus & Deficit)

Rank

1. China = +305 billion
2. Germany +188 billion
3. Japan = +166 billion
4. Russia = +71 billion
5. Noway = +60 billion


#187. India = -51
#188. France = -54
#189. United Kingdom = -56
#190. Spain = -63
#191. Italy = -67
#192. United States = -470 billion


List of sovereign states by current account balance - Wikipedia, the free encyclopedia

 

[ChinaToday]

he is just a troll . keeps posting the same thing everyday using different titles.

has to work for his noodles i guess. complete his quota or he doesn't get paid.

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come on guys look at him all he does is post on PDF . he is unemployed .
this is how he makes his bread.

Post reported

 

[davidson]

India should drastically cut spending on military expenditures. ^^

You are correct. World Bank Said India's GDP growth just 6.8%

On India, the report said, “The weakening in activity reflects a significant moderation in domestic demand, led by a deceleration in investment activity that has faced headwinds of rising borrowing costs, high input prices, slowing global growth and heightened uncertainty. Delays and uncertainty surrounding the implementation of policy reforms have also hindered investment.”

India's GDP growth in FY12 just 6.8%: Report

 

[davidson]

Honey, I shrunk the fiscal deficit, and I don’t know how

Feb 3, 2012

PM: We are in a shoup. My fiscal deficit in December 2011 has already reached 92 percent of the year’s total, and taxes are not rising fast enough. I can’t raise money by selling public sector equity, but everyone wants more money from me: banks want more capital, the food and fertiliser departments want more subsidies, Air India wants a bailout, the oil companies want compensation for under-recoveries…What can I do madam?


FIRSTPOST Economey
Honey, I shrunk the fiscal deficit, and I don’t know how | Firstpost