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DIFFERENT TAKE - Economy grew at 5.2% under old method: BofA-ML report

LOL.... you give me too much credit.

I assure you that your Bigotry has nothing to do with me. I only attempt to bring it OUT.
Thanks for feeling so humble...............Let PDF Judge who is a Bigot me or you......................
 
India was Never a Failed State and will never be..............If i speak as an investor............Modi didn't move reforms as expected and...BJP should go for FDI in retail which will be a game changer .............This will keep the Essential Commodities at Check.....and Farmers will get reasonable price for their products

FDI in retail would allow for foreign competitors like WalMart to setup a monopoly and conduct a hostile take-over of the market though, right? Quick term gains, but long term losses, this sort of Vikas is not in the national interest.
 
FDI in retail would allow for foreign competitors like WalMart to setup a monopoly and conduct a hostile take-over of the market though, right? Quick term gains, but long term losses, this sort of Vikas is not in the national interest.
Friend Vikas can happen only if we open our markets..................we cannot be selective in this................And do you have any idea what the farmers earn for their products.......while the middle man earn double or triple than a farmer before it reaches consumer...............
 
Friend Vikas can happen only if we open our markets..................we cannot be selective in this................And do you have any idea what the farmers earn for their products.......while the middle man earn double or triple than a farmer before it reaches consumer...............

Foreign multi-brand retail FDI will simple be used to set up a number of shops that will use their overseas accounts to temporarily drop prices far enough to run their competitors out of business and then triple the prices once they have established a monopoly. Modi government is being very cautious and slow about the issue for a reason.
 
DIFFERENT TAKE - Economy grew at 5.2% under old method: BofA-ML report

The gross domestic product (GDP) of the country has grown 7.4% in the second quarter ending September 2015, data released by the government, using new methodology , showed. But, the growth would have been lower at 5.2% under old methodology , said Bank of America-Merrill Lynch (BofA-ML) in a report. In the first quarter also (April-June), GDP growth was at around 5% under old series as against 7% according to the new series, the report added.
The new method (series) is more broad-based and gives a comprehensive picture of the economy as against the old series, says the government. But, the general perception is that the economy is not reflecting the mood that is normally seen when 7.4% growth is realised. Also, GDP growth in new series is lower than that measured on curren price, mainly because who lesale inflation is negative According to HSBC Globa Research, GDP on curren price grew at 6% but the growth was 7.4% in the rea term (at constant price) This means GDP was incre ased by 1.4 percentage points. “Nominal GDP grew at a much slower rate than real GDP implying that deflators (adjustment for inflation and other factors) have fallen sharply into the negative territory ,“ said the bank in the report.

Even at Gross Value Added (GVA) term, the economy at current price grew at 5.2% but the growth was 7.4% at constant price. Here, it is inflated by 2.2 percentage points. The bank said it seems that deflators have been underestimated in the new GDP series because services deflator has been “pegged more to WPI than CPI“, which is in the positive territory .

@Beidou2020 @Shotgunner51 what's your take? Are the numbers fudged to show indian economy is healthy?
 
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