Can Indian Economy Avert Crash Landing in 2011?

[Ammyy]

There is plenty of data from various credible sources that puts the Indian GDP figures at $1.2 trillion to $1.4 trillion. Only the Economist exaggerates it to $1.832 trillion.

For example, IMF puts India's 2010 GDP at $1.43 trillion and 2011 GDP forecast at $1.59 trillion.

No one, I repeat no one, other than the Economist magazine is putting it at $1.832 trillion in 2011, or even 2012.

IMF shows Indian GDP 1,430.020 billion in 2010 and if our growth rate is 9.4 or lets take it 9% so that become 1558.7 billion in 2011 and at 9.5% in 2012 1705.21 billion so you are almost right

But how this all justify the title ????

I think its come from blog and by some ..................... reporter .

 

[Storm Force]

RIAZHAQ. 3 Questions

Is $1.4 trillion enough GDP to dominate the South Asian Peninsula. in terms of industrial might, diplomatic levrage, AND LONG TERM military modernisation.


RIAZHAQ. Would you agree the real; national power/strength is all about industrial might which becomes $$$ and long term morphs into military might.And that having a few maodern fighters or a nuke warhead is relative of little use without industrial might.

RIQAHAQ will you agree thru the history of time those that enjoy economic might grow to become the GREAT POWERS right from the Roman empire thru to USA and the Europeans in 20th century.

Is this why you are so concerned about the indian Economy ????

 

[Hutchroy]

IMF shows Indian GDP 1,430.020 billion in 2010 and if our growth rate is 9.4 or lets take it 9% so that become 1558.7 billion in 2011 and at 9.5% in 2012 1705.21 billion so you are almost right

But how this all justify the title ????

I think its come from blog and by some ..................... reporter .

The Figures given by The Economist for 2011 (Possibly Financial Year) are very close to the mark.

The Pakistani Figures – as per the Pakistan Economic Survey 2009-2010 -are based on false information or disinformation or whatever.

I refer you to the Pakistan Economic Survey 2009-2010.

As per the Second Chapter “Growth and Investment (LINK) TABLE 1.5 the Per Capita Income is US$ 1,095.

This is based on a Pakistan’s Population figure of 166.52 Million whereas the Population per the State Bank of Pakistan is 184 Million.

So the real Pakistani Per Capita Income for the year 2009-2010 is US$ 1,095 X 166.52 / 184

This works out to about US$ 991.

With the Unprecedented Damage caused by the Floods it is quite possible that in the FY 2011 Pakistan’s Per Capita GDP and similarly the Per Capita Income will hover around the US$ 1,000 mark.

Anyway I wish Pakistan and its People the Best of Luck in their quest to improve themselves in the Economic Field.

 

[RiazHaq]

RIAZHAQ. 3 Questions

Is $1.4 trillion enough GDP to dominate the South Asian Peninsula. in terms of industrial might, diplomatic levrage, AND LONG TERM military modernisation.


RIAZHAQ. Would you agree the real; national power/strength is all about industrial might which becomes $$$ and long term morphs into military might.And that having a few maodern fighters or a nuke warhead is relative of little use without industrial might.

RIQAHAQ will you agree thru the history of time those that enjoy economic might grow to become the GREAT POWERS right from the Roman empire thru to USA and the Europeans in 20th century.

Is this why you are so concerned about the indian Economy ????

The fact that India's main export to China is iron ore, while it imports high-value manufactured products in power and telecom sector, makes mockery of any claims of India being an industrial power.

The fact that over 70% of Indians work in agricultrture and textiles belies India's claim as an industrial power.
India is overwhelmingly dependent on foreign imports, mainly Russian and Israeli, for about 70 per cent of its defense requirement, especially for critical military products and high-end defense technology, according to an Indian defense analyst Dinesh Kumar. Kumar adds that "India’s defense ministry officially admits to attaining only 30 to 35 per cent self-reliance capability for its defense requirement. But even this figure is suspect given that India’s self-reliance mostly accrues from transfer of technology, license production and foreign consultancy despite considerable investment in time and money".

On the same theme, Russian newspaper Kommersant reported that "India has had little success with military equipment production, and has had problems producing Russian Su-30MKI fighter jets and T-90S tanks, English Hawk training jets and French Scorpene submarines."

On India's perennial dependence on imports, here's how blogger Vijainder Thakur sees India's loose meaning of "indigenous" Smerch and other imports:

"The Russians will come here set up the plant for us and supply the critical manufacturing machinery. Indian labor and technical management will run the plant which will simply assemble the system. Critical components and the solid propellant rocket motor fuel will still come from Perm Powder Mill. However, bureaucrats in New Delhi and the nation as a whole will be happy. The Smerch system will be proudly paraded on Rajpath every republic day as an indigenous weapon system.

A decade or so down the line, Smerch will get outdated and India will negotiate a new deal with Russia for the license production of a new multiple rocket system for the Indian Army.

China will by then have developed its own follow up system besides having used the solid propellant motors to develop other weapon systems and assist its space research program."

India does export some armaments but its modest record of producing and exporting weapon systems is evident from the fact that India’s defense annual exports averaged only US$ 88 million between 2006-07 and 2008-09. By contrast, Pakistan exported $300 million worth of military hardware and munitions in 2009.

Haq's Musings: Soaring Chinese Imports and Twin Deficits Worry India

 

[Vasily Zaytsev]

The fact that India's main export to China is iron ore, while it imports high-value manufactured products in power and telecom sector, makes mockery of any claims of India being an industrial power.

The fact that over 70% of Indians work in agricultrture and textiles belies India's claim as an industrial power.
India is overwhelmingly dependent on foreign imports, mainly Russian and Israeli, for about 70 per cent of its defense requirement, especially for critical military products and high-end defense technology, according to an Indian defense analyst Dinesh Kumar. Kumar adds that "India’s defense ministry officially admits to attaining only 30 to 35 per cent self-reliance capability for its defense requirement. But even this figure is suspect given that India’s self-reliance mostly accrues from transfer of technology, license production and foreign consultancy despite considerable investment in time and money".

On the same theme, Russian newspaper Kommersant reported that "India has had little success with military equipment production, and has had problems producing Russian Su-30MKI fighter jets and T-90S tanks, English Hawk training jets and French Scorpene submarines."

On India's perennial dependence on imports, here's how blogger Vijainder Thakur sees India's loose meaning of "indigenous" Smerch and other imports:

"The Russians will come here set up the plant for us and supply the critical manufacturing machinery. Indian labor and technical management will run the plant which will simply assemble the system. Critical components and the solid propellant rocket motor fuel will still come from Perm Powder Mill. However, bureaucrats in New Delhi and the nation as a whole will be happy. The Smerch system will be proudly paraded on Rajpath every republic day as an indigenous weapon system.

A decade or so down the line, Smerch will get outdated and India will negotiate a new deal with Russia for the license production of a new multiple rocket system for the Indian Army.

China will by then have developed its own follow up system besides having used the solid propellant motors to develop other weapon systems and assist its space research program."

India does export some armaments but its modest record of producing and exporting weapon systems is evident from the fact that India’s defense annual exports averaged only US$ 88 million between 2006-07 and 2008-09. By contrast, Pakistan exported $300 million worth of military hardware and munitions in 2009.

Haq's Musings: Soaring Chinese Imports and Twin Deficits Worry India

Liar ..... Liar .....pants on fire !!!!!!


Mr. Haq don't change topic..... and run with tails between your legs...

You talked sh1t about Indian Economy only giving links to your Sh1tty blog.

You are talking BS and nothing but BS.

First Prove that Indian Economy is about to crash land in 2011...then we will discuss whether wee will be able to avert it or not....

Prove the thread title, you liar !!!!!

 

[Ammyy]

The fact that India's main export to China is iron ore, while it imports high-value manufactured products in power and telecom sector, makes mockery of any claims of India being an industrial power.

The fact that over 70% of Indians work in agricultrture and textiles belies India's claim as an industrial power.
India is overwhelmingly dependent on foreign imports, mainly Russian and Israeli, for about 70 per cent of its defense requirement, especially for critical military products and high-end defense technology, according to an Indian defense analyst Dinesh Kumar. Kumar adds that "India’s defense ministry officially admits to attaining only 30 to 35 per cent self-reliance capability for its defense requirement. But even this figure is suspect given that India’s self-reliance mostly accrues from transfer of technology, license production and foreign consultancy despite considerable investment in time and money".

On the same theme, Russian newspaper Kommersant reported that "India has had little success with military equipment production, and has had problems producing Russian Su-30MKI fighter jets and T-90S tanks, English Hawk training jets and French Scorpene submarines."

On India's perennial dependence on imports, here's how blogger Vijainder Thakur sees India's loose meaning of "indigenous" Smerch and other imports:

"The Russians will come here set up the plant for us and supply the critical manufacturing machinery. Indian labor and technical management will run the plant which will simply assemble the system. Critical components and the solid propellant rocket motor fuel will still come from Perm Powder Mill. However, bureaucrats in New Delhi and the nation as a whole will be happy. The Smerch system will be proudly paraded on Rajpath every republic day as an indigenous weapon system.

A decade or so down the line, Smerch will get outdated and India will negotiate a new deal with Russia for the license production of a new multiple rocket system for the Indian Army.

China will by then have developed its own follow up system besides having used the solid propellant motors to develop other weapon systems and assist its space research program."

India does export some armaments but its modest record of producing and exporting weapon systems is evident from the fact that India’s defense annual exports averaged only US$ 88 million between 2006-07 and 2008-09. By contrast, Pakistan exported $300 million worth of military hardware and munitions in 2009.

Haq's Musings: Soaring Chinese Imports and Twin Deficits Worry India

When you have nothing that suits title so start posting from blogs ???


And please tell me how military equipment import can crash our economy

 

[RiazHaq]

When you have nothing that suits title so start posting from blogs ???


And please tell me how military equipment import can crash our economy

Do you know what causes imblances sch as trade and current account deficits? Apparently not!

Do you know that India runs huge trade deficits because it lacks the industrial base to build its own hardware for infrastructure and military? Apparently not!

Chinese are now supplying equipment for about 25% of the new generating capacity India is adding to its national grid, up from almost nothing a few years ago. There are thousands of skilled Chinese expatriates at Indian plant sites, along with Chinese chefs, Chinese television and ping pong.

India is already the biggest export market for China's two leading telecom equipment manufacturers, Huawei Technologies and ZTE, as both companies have focused on India in recent years. As India has grown to the world's No. 2 mobile phone market in recent years, its imports of Chinese handsets have soared.

Unlike China, India lacks the necessary industrial and manufacturing base for greater self reliance in infrastructure equipment and defense armaments. India also runs large current account deficits while China is enjoying large surpluses strengthening its economic position in the world.

India is overwhelmingly dependent on foreign imports, mainly Russian and Israeli, for about 70 per cent of its defense requirement, especially for critical military products and high-end defense technology, according to an Indian defense analyst Dinesh Kumar. Kumar adds that "India’s defense ministry officially admits to attaining only 30 to 35 per cent self-reliance capability for its defense requirement. But even this figure is suspect given that India’s self-reliance mostly accrues from transfer of technology, license production and foreign consultancy despite considerable investment in time and money".

Haq's Musings: Soaring Chinese Imports and Twin Deficits Worry India

 

[Ammyy]

Do you know what causes imblances sch as trade and current account deficits? Apparently not!

Do you know that India runs huge trade deficits because it lacks the industrial base to build its own hardware for infrastructure and military? Apparently not!

Chinese are now supplying equipment for about 25% of the new generating capacity India is adding to its national grid, up from almost nothing a few years ago. There are thousands of skilled Chinese expatriates at Indian plant sites, along with Chinese chefs, Chinese television and ping pong.

India is already the biggest export market for China's two leading telecom equipment manufacturers, Huawei Technologies and ZTE, as both companies have focused on India in recent years. As India has grown to the world's No. 2 mobile phone market in recent years, its imports of Chinese handsets have soared.

Unlike China, India lacks the necessary industrial and manufacturing base for greater self reliance in infrastructure equipment and defense armaments. India also runs large current account deficits while China is enjoying large surpluses strengthening its economic position in the world.

India is overwhelmingly dependent on foreign imports, mainly Russian and Israeli, for about 70 per cent of its defense requirement, especially for critical military products and high-end defense technology, according to an Indian defense analyst Dinesh Kumar. Kumar adds that "India’s defense ministry officially admits to attaining only 30 to 35 per cent self-reliance capability for its defense requirement. But even this figure is suspect given that India’s self-reliance mostly accrues from transfer of technology, license production and foreign consultancy despite considerable investment in time and money".

Haq's Musings: Soaring Chinese Imports and Twin Deficits Worry India

Another blog article

Ok i agree with all but

Again same question from my site


Prove the title

 

[prototype]

Do you know what causes imblances sch as trade and current account deficits? Apparently not!

Do you know that India runs huge trade deficits because it lacks the industrial base to build its own hardware for infrastructure and military? Apparently not!

Chinese are now supplying equipment for about 25% of the new generating capacity India is adding to its national grid, up from almost nothing a few years ago. There are thousands of skilled Chinese expatriates at Indian plant sites, along with Chinese chefs, Chinese television and ping pong.

India is already the biggest export market for China's two leading telecom equipment manufacturers, Huawei Technologies and ZTE, as both companies have focused on India in recent years. As India has grown to the world's No. 2 mobile phone market in recent years, its imports of Chinese handsets have soared.

Unlike China, India lacks the necessary industrial and manufacturing base for greater self reliance in infrastructure equipment and defense armaments. India also runs large current account deficits while China is enjoying large surpluses strengthening its economic position in the world.

India is overwhelmingly dependent on foreign imports, mainly Russian and Israeli, for about 70 per cent of its defense requirement, especially for critical military products and high-end defense technology, according to an Indian defense analyst Dinesh Kumar. Kumar adds that "India’s defense ministry officially admits to attaining only 30 to 35 per cent self-reliance capability for its defense requirement. But even this figure is suspect given that India’s self-reliance mostly accrues from transfer of technology, license production and foreign consultancy despite considerable investment in time and money".

Haq's Musings: Soaring Chinese Imports and Twin Deficits Worry India

American economy is also running to huge trade deficits,what does that imply,they dont have decent industries or they lack manufacturing base,so according to u China and Germany have much bigger industrial base than U.S

the big trade deficits we r incurring is due to the big amount of oil we r importing rather than technology imports.

Having a deficit with china does not means that our economy is in shambles.

Those products we r buying from China is in fact strengthening our economy,it is creating more and more jobs here.

Indian defense imports r not even 2 percent of its economy,it cannot weaken our economy

Dont just cook up facts because it looks more appreciating for u

Leave the future,leave the prediction's,talk on the basis of past,all that i see is a growing India which managed more than 6 % growth even at the time of global economic crisis,and yes we were also importing huge at that time,our inflation were at a much higher level.

In times to come,we will grow more and more self dependent,slowly and slowly we to r building our base strong.

Most of the defense deals with Russia and Israel r nowadays JV's rather than clean imports.

If u were in touch with the latest telecom regulation's in India then u probably know that telecom equipments r no more imports,they have to manufacture it itself in India.

Its not that we lack industries involved in power equipment manufacture sector,BHEL is a well recognized name with its turn over in billion's,the problem is that they got beaten by much cheap Chinese imports,all that is also about to change with some new rules from GOI,already NTPC,the biggest electricity supplier in India had been placed under some strict regulation's,they cannot purchase any equipment manufactured out of India,very soon I hope they will make it mandatory for all companies.

Surely in the future what is going to happen will in stark contrast to what u wish

 

[kak1978]

MR. RIAZHAQ needs to stop digressing and prove the title of this thread is correct, else change the Title!!

 

[RiazHaq]

American economy is also running to huge trade deficits,what does that imply,they dont have decent industries or they lack manufacturing base,so according to u China and Germany have much bigger industrial base than U.S

the big trade deficits we r incurring is due to the big amount of oil we r importing rather than technology imports.

Unlike the US dollar, the Indian rupee is neither a reserve nor a trade currency. Indians can not simply print rupees and buy oil or power and telecom equipment or military hardware with it .

Having a deficit with china does not means that our economy is in shambles.

Those products we r buying from China is in fact strengthening our economy,it is creating more and more jobs here.

Indian defense imports r not even 2 percent of its economy,it cannot weaken our economy

Dont just cook up facts because it looks more appreciating for u

Your economy can not sustain the kind of twin deficits and inflation you are now running for long. The 2% of the GDP used to import military hardware for massive buildup adds to the growing trade and budget deficits of India.

India's current account deficit is being increasingly funded by short-term capital inflows (FII) rather than more durable foreign direct investment (FDI), posing a risk to external balance and funding of gap, according to a recent warning by Goldman Sachs. "Nearly 80 per cent of the capital inflows are non- FDI related. Given the excess spare capacity globally, FDI may remain weak going forward," the Goldman note said.

Most of the defense deals with Russia and Israel r nowadays JV's rather than clean imports.

If u were in touch with the latest telecom regulation's in India then u probably know that telecom equipments r no more imports,they have to manufacture it itself in India.

Its not that we lack industries involved in power equipment manufacture sector,BHEL is a well recognized name with its turn over in billion's,the problem is that they got beaten by much cheap Chinese imports,all that is also about to change with some new rules from GOI,already NTPC,the biggest electricity supplier in India had been placed under some strict regulation's,they cannot purchase any equipment manufactured out of India,very soon I hope they will make it mandatory for all companies.

Surely in the future what is going to happen will in stark contrast to what u wish

JV is just a facade. In reality, these are essentially licensed manufacturing deals. Here's how Indian blogger Vijainder Thakur sees India's loose meaning of "indigenous" Smerch and other imports:

"The Russians will come here set up the plant for us and supply the critical manufacturing machinery. Indian labor and technical management will run the plant which will simply assemble the system. Critical components and the solid propellant rocket motor fuel will still come from Perm Powder Mill. However, bureaucrats in New Delhi and the nation as a whole will be happy. The Smerch system will be proudly paraded on Rajpath every republic day as an indigenous weapon system.

A decade or so down the line, Smerch will get outdated and India will negotiate a new deal with Russia for the license production of a new multiple rocket system for the Indian Army.

China will by then have developed its own follow up system besides having used the solid propellant motors to develop other weapon systems and assist its space research program."

 

[majesticpankaj]

mr.riazhaq...pls i request you to don't give your blog(which already being refuted thousands times) as a source...its look funny and you look like a joke

 

[Jade]

Do you know what causes imblances sch as trade and current account deficits? Apparently not!

Do you know that India runs huge trade deficits because it lacks the industrial base to build its own hardware for infrastructure and military? Apparently not!

Chinese are now supplying equipment for about 25% of the new generating capacity India is adding to its national grid, up from almost nothing a few years ago. There are thousands of skilled Chinese expatriates at Indian plant sites, along with Chinese chefs, Chinese television and ping pong.

India is already the biggest export market for China's two leading telecom equipment manufacturers, Huawei Technologies and ZTE, as both companies have focused on India in recent years. As India has grown to the world's No. 2 mobile phone market in recent years, its imports of Chinese handsets have soared.

Unlike China, India lacks the necessary industrial and manufacturing base for greater self reliance in infrastructure equipment and defense armaments. India also runs large current account deficits while China is enjoying large surpluses strengthening its economic position in the world.

India is overwhelmingly dependent on foreign imports, mainly Russian and Israeli, for about 70 per cent of its defense requirement, especially for critical military products and high-end defense technology, according to an Indian defense analyst Dinesh Kumar. Kumar adds that "India’s defense ministry officially admits to attaining only 30 to 35 per cent self-reliance capability for its defense requirement. But even this figure is suspect given that India’s self-reliance mostly accrues from transfer of technology, license production and foreign consultancy despite considerable investment in time and money".

Haq's Musings: Soaring Chinese Imports and Twin Deficits Worry India

Seriously, I don't think you know what you are posting. industrial sector contributes 28% to the Indian GDP, meaning a near 400 Billion dollars.

 

[RiazHaq]

mr.riazhaq...pls i request you to don't give your blog(which already being refuted thousands times) as a source...its look funny and you look like a joke

Going by your logic, Glodman Sachs, the originator of BRIC acronym and quoted in my article, is a joke!

Nobel Laureate economist Joe Stiglitz, quoted in my article, is a joke!

India's commerce secretary, Rahul Kular, quoted in my article, is a joke!

India's RBI is also a big joke!

That leads to the question: Do you think the real joke is your clueless commentary here?

South Asia Investor Review: Is India's Economic Crash Likely in 2011?

 

[majesticpankaj]

Going by your logic, Glodman Sachs, the originator of BRIC acronym and quoted in my article, is a joke!

Nobel Laureate economist Joe Stiglitz, quoted in my article, is a joke!

India's commerce secretary, Rahul Kular, quoted in my article, is a joke!

India's RBI is also a big joke!

That leads to the question: Do you think the real joke is your clueless commentary here?

South Asia Investor Review: Is India's Economic Crash Likely in 2011?

they are not joke but u do behave like one.....because of your selective writing..pls provide us the whole article..rather than your useless blog. and pls do take sometime to write about your own country rather than about the economy of india.