Don't panic: Pranab seeks calm after S&P downgrade India

[junk]

only agenda i could think is there are less toilets in india & people defect in open

or may uncle is not happy about beef ban in india

 

[Chinese-Dragon]

Here is an interesting video, that has apparently been very popular in India recently.

From one of their recent movies. India in 2030.

India In 2030 - YouTube

Isn't there a disconnect between these types of statements, and the subject of this thread?

 

[R0H1T]

only agenda i could think is there are less toilets in india & people defect in open

or may uncle is not happy about beef ban in india

Why don't you shut your trap for good, this toilet thingy is getting really lame & these drivelling poopers don't have much of an argument against us hence their fits !

 

[Chinese-Dragon]

Why don't you shut your trap for good, this toilet thingy is getting really lame & these drivelling poopers don't have much of an argument against us hence their fits !

What are you talking about man?

 

[DF-41 ICBM]

india is running an economic ponzi scheme

 

[IndoCarib]

What kind of logic is that?

America wasn't growing at double-digit rates before their housing bubble crash.

Japan wasn't growing at double-digit rates before their asset bubble crash.

Bubbles occur when prices/values are significantly above the intrinstic value of what is being produced. At least with China, we are actually producing things (buildings and products) that have intrinsic value, they are tangible things that actually exist.

Compared to the Wall Street guys, who get rich without actually creating anything tangible that you can hold in your hands. Just numbers and data on the screen.

Exactly ! Double digit growth can be considered just that

We never had inflated surge in equity prices to levels significantly above the fundamental value, as in the cases of japan and US you mentioned

 

[northeast]

yes，typical ponzi scheme

 

[roshangjha]

I said it's far-fetched, but if it's from S&P, the US flag benchmark rating agency, their must be some political agenda down there.

yeah right.. whatever you say.

To All...

The simple reason why this is happening is that India's fiscal deficit is increasing due to our HEAVY dependency on imported oil and the increase in oil prices in the world market.
The policy paralysis in the government has been acting on it too.

But, fundamentally, India is strong. We have a long way to go in order to become the world's second largest GDP (after China). We will reach there slowly and steadily.

The world cannot afford to let India fail. There's simply too much at stake.

 

[IndoCarib]

yes，typical ponzi scheme

Ponzi seems to be favorite word of some chinese members here, even without knowing what it is

 

[northeast]

Ponzi seems to be favorite word of some chinese members here, even without knowing what it is

lol，ponzi is more cridible than indian economy data

 

[IndoCarib]

lol，ponzi is more cridible than indian economy data

Now we know , you dont know what a Ponzi scheme is. Charles Ponzi would be very proud of you

 

[kawaraj]

US credit rating agency Moody's on Wednesday hit the Indian government hard for not doing enough on the reforms front. It said, "The single biggest factor weighing on the (economic) outlook is the Indian government."

The comment followed another rating firm, Standard and Poor's (S&P), lowering India's credit outlook to negative, raising questions over the economy that had taken a hit by borrowings, rising imports and political compulsions stalling key reforms.
The agency maintained India's rating at BBB-, which is just a notch above "junk" that carries a higher risk of default by the government, but warned that it might downgrade the rating in the next two years if the fundamentals worsened.

"We expect only modest progress in fiscal and public sector reforms given the political cycle with the next elections to be held by May 2014 and the current political gridlock," S&P said in a statement.

Later, Moody's Analytics senior economist Glenn Levine said in a commentary: "In all economies it is impossible to separate the economic from the political outlook, and that is particularly the case in India."

moody follows soon as i expected.

 

[Chinese-Dragon]

India's credit rating was only one notch above "junk" to begin with?

That is quite dire.

 

[Generally Khan]

Now we know , you dont know what a Ponzi scheme is. Charles Ponzi would be very proud of you

Obviously you know more about Charles Ponzi, you are running toilet scams in India.

And be nice to the Chinese, or they won't bailout Reliance next time.

 

[IndoCarib]

Obviously you know more about Charles Ponzi, you are running toilet scams in India.

And be nice to the Chinese, or they won't bailout Reliance next time.

When was the last time an Indian company was bailed out by the chinese, let alone reliance ?