BRICs Biggest Currency Depreciation Since 1998 To Worsen

[IND151]

Actually, China and India had the same GDP in 1990. So we started out from the same place.

The difference (obviously) is that we were able to sustain double-digit growth for several decades in a row. Whereas India did not.

but Deng's new policy started from 1981

on other hand India's NEP came into effect since late 1991

we also lost markets in former soviet union which hit India hard

it was not until mid 90s that Indian GDP growth rate became high

 

[kawaraj]

In another news, the Rupee just dipped below 57 to 1 US dollar. I'm guessing the next stop is 60 to 1. Some might argue it helps export, but India is running a trade deficit

the article says another 15 pct decline of these currencies. that's about 65, a critical point, beyond that could be a real crisis.

Russia and Brazil won't look good, I happened to read an article named" next major crash of oil", a simmering down of oil could be 40 per barrel. and Iron ore cannot be good as major commodity.

 

[hankau62]

Well whatever the reasons cited by both side, reality is that there is economic problem in Europe which is affecting the Whole world. How will it take turns no one knows. In 2008 US $ was on shaky ground, every one considered Euro as stable. Within 4 years table is turned. So know one knows what the future brings, Only we can make an educated guess.

 

[buddyboyyash]

If your own domestic companies can do it, then why pay foreign companies to do it?

look india is not a place meant for experimenting...u think all such big companies cant do those projects??..not talking about world record breaking projects but stuffs like metro n all...

the problem in india is...money is spent extremely cautiously...

and foreign firms mostly get the advantage of experience...hence its generally awarded to JVs between foreign and indian firms...whereas china has enough money to experiment...

 

[Chinese-Dragon]

And while the above happened, China is burning 48.3% of the world's coal in less than 2% of the land area.

10 years after, CD will come back and say, now we burn 83% of the world's coal ... we can barely breathe... but GDP growth is still 10%.

US embassy will no longer publish the pollution figures in Beijing, it will simply relocate to an off-shore location.

US embassy for china will be in touch with the CPC govt by video conferencing only.. apart of from occasional visits to Beijing in space suits:

One problem with your theory:

India has the world's most toxic air.

This is according to a 2012 study by Yale and Columbia Universities.

Even your own newspapers published it:

India has the world's most toxic air: Study - The Hindu

It is official: India has the world's most toxic air.

In a study by Yale and Columbia Universities, India holds the very last rank among 132 nations in terms of air quality with regard to its effect on human health.

And India hasn't even indistrialized yet.

 

[kawaraj]

Just a friendly reminder, you cannot dodge that pollution problem, some Indian members has to be realistic. try not to be brainwashed by west propaganda.

you either choose industrial growth, or take clean air, your decision. Developing nations cannot bypass that era and can not be burdened by climate responsibility. those in the west should.

(even the US never pass Kyoto Protocol, see how brazenness works)

 

[timetravel]

Portugal and Italy are both "developed" countries. They are also two of the worst performers in the Eurozone. So it is understandable that they have a high budget deficit.

But why does India have a higher budget deficit than BOTH of them? India is still a "developing" country, why do they have a higher budget deficit than both Portugal and Spain?

India seems to be trying to jump straight into the late-stage Western economic model of high consumption based on debt and deficit. Which is fine for Western countries that are ALREADY developed, but for a developing country like India, that seems like suicide.

No wonder India is getting downgraded left and right.

simple example kid:

A has 100 debt already. it takes more debt. its income is 100 and not growing by much. problem.

B has 40 debt. it takes more debt. its income is 150 and growing by much more then A. No problem.

I doubt your iq to grab this even as ccp wont like it.

 

[Jade]

yes China is least affected, but situation in Russia, Brazil and especially India are worrisome.

I'm afraid this EU crisis is fermenting and soon bring down all BRICs nations except China.

Unlike rupee, ruble or real, the reason why Yuan has not deprecated because it is pegged against the dollar

 

[timetravel]

and regarding China. we know in China negative growth is considered as NO CHANGE, and 3% growth means 7-8%. So overall it combines to say 7-8%.

So in China it works backward. First the numbers are decided. then worked backwards to show how they are acheived. reality goes down drain.

 

[Jade]

Portugal and Italy are both "developed" countries. They are also two of the worst performers in the Eurozone. So it is understandable that they have a high budget deficit.

But why does India have a higher budget deficit than BOTH of them? India is still a "developing" country, why do they have a higher budget deficit than both Portugal and Spain?

India seems to be trying to jump straight into the late-stage Western economic model of high consumption based on debt and deficit. Which is fine for Western countries that are ALREADY developed, but for a developing country like India, that seems like suicide.

No wonder India is getting downgraded left and right.

Budget deficits help to stimulate economic growth but this debt comes at the cost of the national savings, and India’s national saving at 30% is very healthy. This is Keynes macroeconomics. Keynes macroeconomics was instrumental in getting western economics out of great depression of 1937.

 

[Boson]

In another news, the Rupee just dipped below 57 to 1 US dollar. I'm guessing the next stop is 60 to 1. Some might argue it helps export, but India is running a trade deficit

In another news, India's foreign exchange reserves increased by $ 2 billion.

India's forex reserves grow to $289 bn - Economic Times

In yet another news, China govt's subsidies no longer sufficient to make china prices competitive in the Indian market.

http://timesofindia.indiatimes.com/...sing-ground-in-India/articleshow/13073937.cms

 

[IND151]

^^ very good news

 

[kawaraj]

Interestingly I just find all these currencies start with R

Rubble, Real, Rupee, Rand and Renminbi(Yuan)

amazing.

 

[Boson]

Just a friendly reminder, you cannot dodge that pollution problem, some Indian members has to be realistic. try not to be brainwashed by west propaganda.

you either choose industrial growth, or take clean air, your decision. Developing nations cannot bypass that era and can not be burdened by climate responsibility. those in the west should.

(even the US never pass Kyoto Protocol, see how brazenness works)

One problem with your theory:

India has the world's most toxic air.
This is according to a 2012 study by Yale and Columbia Universities.

Even your own newspapers published it:

And India hasn't even indistrialized yet.

There are plenty of things you need to enlighted yourself with:

The country which is the second largest producer of cement, second largest producer of fertilizers, fourth largest producer of steel, having the 3rd largest manufacturing GDP (PPP) isn't industrilaized; then you'd go on to say that Japan or Brazil isn't industrialized.

Only china which burns 48.3% of the world's coal in 2% of the land area is industrialized.. Ghosh, USA got industrialized without manaing such a feat !!!

As for pollution, China is honoured on Wikipedia (and note the large list of links provided in the article):

Pollution in China - Wikipedia, the free encyclopedia

The less said, the better.

 

[Zeeshan360]

LOL, the same dream.

First you guys say: "India is the 2nd fastest growing economy in the world!" - When that is clearly false.

Then you guys say: "Well, India is the 2nd fastest growing major economy in the world!" - Which is ALSO false.

Now you are reduced to saying "Well, at least we are the 2nd fastest growing economy in BRIC!"

The problem is that none of the other BRIC's are being downgraded left and right like India is. None of the BRIC nations (apart from India) have been warned by both S&P and Fitch that they will soon be downgraded to "junk" status.

Height of trolling dude
Your posts were so awesome in 2010,2011

Now the quality of your posts has just gone down the drain