Despite touching 60, rupee still 17.6% overvalued: Nomura

[shuttler]

India may turn into a $2-trillion economy by the end of this financial year, provided the rupee remains below 50.79 against the dollar during this period. The government has projected India's gross domestic product (GDP) for 2012-13 at Rs 101 lakh crore, against Rs 88 lakh crore in 2011-12—a growth of 14.7 per cent.

India to be $2-trn economy by FY13-end? | Business Standard

In just a year's time the rupee has shed more than 18% of its value
You turn poorer before your dream of getting rich!

 

[IndoCarib]

No IQ Bangla lathmar has made this thread descend into contest of the imbeciles.

Indian rupee fall to help Bangladesh

http://bdnews24.com/business/2013/06/25/indian-rupee-fall-to-help-bangladesh

No wonder is jumping with joy

 

[Banglar Lathial]

Hinducr*p,

No need to lash out because your national mean IQ is not high (I was just told that "low" and "IQ" when placed consecutively in this forum earns a reprimand).

And, nobody cares about BAL Hindutva terror media.

Get back on topic.

Your GDP is not even close to reaching 120 trillion INR this year.

 

[Kloitra]

Hinducr*p,

No need to lash out because your national mean IQ is not high (I was just told that "low" and "IQ" when placed consecutively in this forum earns a reprimand).

And, nobody cares about BAL Hindutva terror media.

Get back on topic.

Your GDP is not even close to reaching 120 trillion INR this year.

Of course it is not touching 120 trillion this year. After all, it was 88 trillion few minutes ago..

 

[IndoCarib]

Hinducr*p,

No need to lash out because your national mean IQ is not high (I was just told that "low" and "IQ" when placed consecutively in this forum earns a reprimand).

And, nobody cares about BAL Hindutva terror media.

Get back on topic.

Your GDP is not even close to reaching 120 trillion INR this year.

Why do you worry ?? The correction is around the corner. GDP will bounce back. I really doubt you know anything about economics at all.

Indian rupee recovers; CAD narrows to 3.6 percent GDP - UPI.com

 

[illusion8]

If 1 Us$=60 INR, then 2 trillion US$ = 120 trillion INR. Their current GDP="only" 88 trillion INR.

Fat chance of low IQ nationality reaching $2 trillion GDP in 2013, if their currency continues plummeting.

No, it's not..

The size of the country's gross domestic product (GDP) grew to Rs 100 lakh crore in 2012-13, about 11.7 per cent higher than the Rs 89 lakh crore a year before. However, it contracted in dollar terms due to the rupee's depreciation.

GDP at market prices (including indirect taxes) had grown 15.1 per cent in 2011-12.

The GDP size, at Rs 1,00,20,620 crore in 2012-13, is only just short of the advance estimate of Rs 10,028,118 crore issued in February this year by the Central Statistics Office.

In dollar terms, the economy's size fell to $1.84 trillion in 2012-13 against $1.87 trillion the previous financial year. It was so because the rupee depreciated to 54.3 against the dollar on an average in 2012-13, against 47.8 in 2011-12.

India's per capita income grew to Rs 68,757 in 2012-13, growing 11.7 per cent over Rs 61,564 the previous year. In dollar terms, per capita income fell to 1,266.2 in 2012-13 against 1,287.9 in 2011-12. (SECTOR-WISE QUARTERLY ESTIMATES OF GDP GROWTH FOR 2012-13)

According to recent estimates of the Organisation for Economic Co-operation and Development, India's economy has probably surpassed Japan for the third highest slot in world GDP, in terms of purchasing power parity (PPP) at 2005 prices. Both economies had seven per cent share in world output in 2011. However, OECD projected that in 2012 or a year after, India would replace Japan as the third largest economy. Also, India's economy might grow larger than the euro area in about 20 years.

However, in current prices, India's economic size might have shrunk a bit due to fall in the rupee value against the greenback. The OECD estimated that on PPP at current prices, India's share in world GDP was six per cent in 2010 and Japan's was seven per cent.

Rupee fall shrinks FY13 GDP size in $ terms | Business Standard

 

[Koovie]

Pfffff this happens every summer... peak of oil prices. It will come down again.

Meanwhile let the trolltards dream about India breaking up into 57238572938572985782975 pieces while their countries are still classified as LDCs....

 

[hkdas]

If 1 Us$=60 INR, then 2 trillion US$ = 120 trillion INR. Their current GDP="only" 88 trillion INR.

Fat chance of low IQ nationality reaching $2 trillion GDP in 2013, if their currency continues plummeting.

what you mean by low IQ? what you saw is the national average. IQ of a person will depend on his/her wealth, social status, living standard, financial background of family. A country like india who is facing high level of poverty and illiteracy will reduce its national IQ average. india has largest number of poor people and >50% of its children are in malnutrition, these factors will affect national IQ avg. and it doesn't mean that all indian are low IQ people. IQ avg of Indians living in US or britain has more IQ than those living in india because of their higher living standard, recently an indian girl living in britain scour higher IQ than Einstein. india IQ is calculated by many assumptions, in india there is no system to measure the IQ of all the people.
the IQ average of a country will increase with living standard of people of that country.
personally i don't believe in this National IQ avg.
india is a country with lot of genius peoples. many western and eastern companies are coming to india for recruiting students for job in their companies. mainly in engineering field. large number of indians are working in US IT and other companies because they inteligent. in NASA indians are the largest foreign peoples working in there.
Top 5 Indians Working at NASA
if you check out in internet you can see the indians working in Western countries or any other developed countries as doctors, engineers scientists, no country or people have ever question their intelligence except for PDF.
I tell this to you only because i saw many members posting indians as low IQ people.

 

[danish_vij]

Hinducr*p,

No need to lash out because your national mean IQ is not high (I was just told that "low" and "IQ" when placed consecutively in this forum earns a reprimand).

And, nobody cares about BAL Hindutva terror media.

Get back on topic.

Your GDP is not even close to reaching 120 trillion INR this year.

dnt need to tell wht sort of ****** education u got..i could also easily abuse ur religion but i'm not going to fall to ur level respect religions! al of them!

 

[my2cents]

Correct me if i'm wrong but isn't it good for indian exporters? and for families of those indians earning in foriegn countries?

flip side of the coin is that essential import goods like oil and gas will become dear.

 

[deckingraj]

^^^^^^^^^
Guys currency devaluation is not necessarily a bad thing....it discourages imports and give a big boost to exports...Indian companies who are exporting will become quiet competitive in the international arena...Now i am not saying that currency should keep plummeting and obviously the rate at which INR is depreciating is alarming however purchasing parity should be maintained and like it or not market is going to move in that direction only...In short things will bounce back and stop feeding the useless trolls plz...

flip side of the coin is that essential import goods like oil and gas will become dear.

Yes they will..no doubt but that is not the end of world...

 

[wolfpack]

I'd rather not post personal information in a public forum that is mostly populated by low IQ populations.

World Bank is not your God, why would you believe their dataset without investigation? Investigate further, your GDP according to your government was "only" 88 trillion INR.

At 1US$=60INR, your GDP needs to touch 120 trillion INR before you can reach $2 trillion.

We have so much low IQ that we had to come and liberate you and help you in forming Bangladesh ,yeah we have low IQ no wonder.