Exports Fall by 45% Despite Modi's 30 Foreign Trips

[Nilgiri]

That's data from fDi Markets (note the use of "Capex" in reporting), not official FDI.

According to the RBI data, Indian FDI stood at $18.9 billion in the first half of 2015. During the same period, FDI to China was $68.4 billion, FDI to US was $72.1 billion.

Reserve Bank of India - RBI Bulletin
Reserve Bank of India - RBI Bulletin
http://www.tradingeconomics.com/india/foreign-direct-investment
China Foreign Direct Investment | 1997-2015 | Data | Chart | Calendar
United States Foreign Direct Investment | 1994-2015 | Data | Chart​

Modi Magic? They would credit all sunny days to Modi's leadership, and blame all raining days to Congress corruption.

The article clearly states its greenfield FDI. Why are you Chinese this worried about such articles in the first place? 1 by 1 the growth numbers are going to swing in India's favour given we are far behind China and thus lower base means more aesthetic values. Anyone that knows anything knows the deeper meaning and the reasoning.

You have literally no idea how bad the Congress was in macroeconomic policy. They would not have been able to surpass China's greenfield investment number in 5 years time....and Modi administration did it in 1. They are not the ultimate perfect saviours for India (such a thing does not exist in the pragmatic world)....but they are clearly the least bad option by a country mile or more.

 

[Dungeness]

You have literally no idea how bad the Congress was in macroeconomic policy. They would not have been able to surpass China's greenfield investment number in 5 years time....and Modi administration did it in 1. They are not the ultimate perfect saviours for India (such a thing does not exist in the pragmatic world)....but they are clearly the least bad option by a country mile or more.

In 10 days, we will see India's 2015-2016 FY Q2 GDP result. We will know if Modi can deliver what his government said earlier:

India aims 8-10% growth, current rate not satisfactory: Finance Minister Arun Jaitley - timesofindia-economictimes

 

[Nilgiri]

In 10 days, we will see India's 2015-2016 FY Q2 GDP result. We will know if Modi can deliver what his government said earlier:

India aims 8-10% growth, current rate not satisfactory: Finance Minister Arun Jaitley - timesofindia-economictimes

Did the FM say the aim was for this fiscal year? Modi's term has just pretty much started. There is much that needs to be done to get to 8 - 10% and more time for the measures already done to have an impact.

 

[Dungeness]

Did the FM say the aim was for this fiscal year? Modi's term has just pretty much started. There is much that needs to be done to get to 8 - 10% and more time for the measures already done to have an impact.

Your union budge for FY 2015-2016 is for 8-8.5%. After all, Modi has been telling the whole world that India is THE fastest growing economy in the world. So far, Mr. Modi has nothing to back up his words. India's Q1 growth rate is the same as China's, with 1/5 of base.

Union Budget: 2015-16 GDP Seen Between 8% and 8.5%, Best in Five Years - NDTVProfit.com

 

[AyanRay]

I know what is that mean and if you set that parameter then China having more chance to survive b/c it market is bigger and as you say earlier, they have better chance to increase this share compare to India whose economy already penetrate. So my question to you guys that what chances do India have. China have advantage to increase its local market share and hence goods can be consume more where as you guys don'

Yes China can convert its economy into a consumption driven one (though the transformation would require years and there is absolutely no evidence as to suggest that Chinese Govt is working on that goal), but the point is days of High growth rate are over for the Chinese. At to be fair to them, even a 5% growth rate for a 10trillion USD economy is humangous. India is and will remain the fasted growing major economy of the world for some time to come.

Your union budge for FY 2015-2016 is for 8-8.5%. After all, Modi has been telling the whole world that India is THE fastest growing economy in the world. So far, Mr. Modi has nothing to back up his words. India's Q1 growth rate is the same as China's, with 1/5 of base.

Union Budget: 2015-16 GDP Seen Between 8% and 8.5%, Best in Five Years - NDTVProfit.com

Do you know the growth rate achieved during last year FY, and the 1st qtr of this year? Keep your Modi obsession in check mate, The World Bank, IMF and every other organization states that India is the fastest growing economy in the world.

 

[Nilgiri]

In 10 days, we will see India's 2015-2016 FY Q2 GDP result. We will know if Modi can deliver what his government said earlier:

You do realise its also just Q2, there are two more quarters to go in the year. But yes lets wait and see the trend.

A target of 8 - 8.5% is very different from projecting a 10% longer term target.

 

[Arsalan mehmud]

modi bas feku hai....

 

[Dungeness]

You do realise its also just Q2, there are two more quarters to go in the year. But yes lets wait and see the trend.

A target of 8 - 8.5% is very different from projecting a 10% longer term target.

Q1 India fall short of consensus estimate of 7.4%, even under this new way of calculating GDP which boosted 2014-2015 GDP growth rate from 5.5% to 7.4% and left whole bunch of world economists and your own FM puzzled. If you think this is due to Modi's leadership, there is nothing I can say.

We will see Q2 results soon, and let's hope India is what Modi claimed to be, the fastest growing major economy in the world.

 

[My-Analogous]

You do realise its also just Q2, there are two more quarters to go in the year. But yes lets wait and see the trend.

A target of 8 - 8.5% is very different from projecting a 10% longer term target.

In present world economic condition it is not possible. If India achieve 6+ it will be a great achievement. Europe down, Middle east down, Japan down, Far east not in good shape. Please tell me how? what plans India have?

 

[Vedicity]

What Congress forgot to mention here is that more then 40% of our all exports consist of commodites or their end products {PetroChemical Products,Steel,Steel Utensils ,Iron ore etc}and as they have lost around 50% to 70% of their value since UPA's departure it will impact our Export and Import figures.....

You are spot on. Countries such as Nigeria and India, who have only very primitive industries, have no choice but to export commodities, which are subject to wild price swings.

 

[mpk1988]

Something I predicted on here the day Modi was getting worn in!!!! You can take 100 trips but the World has started to see India's internal religious mess started by Modi's supported Hindu fanatics, as a rising religious crap turning into full fledge terrorism on Indian minorities by the Hindu fanatic parties.

No one would want to put their money, or buy products from, where people know minorities get killed because they "eat" different than then Hindu majority. India needs to control her Hindu fanatic parties like BJP, RSS and Shiv Sena (and the likes), otherwise, India's growth will be seriously impacted as its not considered "safe" anymore for investments.

I tend to ignore this troll because the sheer stupidity (Einstein invented the light bulb) and trolling offends me. Sometimes though, you have to reply. India is one of the top destinations for investment and has one of the best projections as far as economic progress is concerned. There are countless articles and more than sufficient data to support this. Your incessant trolling does not change that.

Fall in exports has clearly been linked to global slump and a small rise in the Rupee. A child could read and make that out. If you suffer from delusion and like to periodically mentally get off on fantasies I suggest many of the adult sites out there that cater to your particular taste. Also.. Get a life..

 

[Nilgiri]

In present world economic condition it is not possible. If India achieve 6+ it will be a great achievement. Europe down, Middle east down, Japan down, Far east not in good shape. Please tell me how? what plans India have?

Well Q1 was already 7% growth and that was a disappointment. Most are expecting India to grow around the 7.5% mark this fiscal. Let us see what Q2 growth figure is.

Please read: Indian Economy-News & Updates | Page 350

to get an idea of the structural changes that the current administration is implementing for long term growth benefits to the country.

 

[AyanRay]

You are spot on. Countries such as Nigeria and India, who have only very primitive industries, have no choice but to export commodities, which are subject to wild price swings.

India has primitive industries, so it has to export more??. Never go full retard.

 

[Nilgiri]

Q1 India fall short of consensus estimate of 7.4%, even under this new way of calculating GDP which boosted 2014-2015 GDP growth rate from 5.5% to 7.4% and left whole bunch of world economists and your own FM puzzled. If you think this is due to Modi's leadership, there is nothing I can say.

You still don't get it do you?

How is the new method to calculate GDP different from how it was calculated earlier? - Quora

The new calculation and base year revision brings the data in line with global standards.

Do you realise the impact of a sampling rate of 500,000 companies over the 2500 from the older system (which represented 200,000 factories)?

The basic reason is that more of the previously hidden economy is captured in the figures now.

Where was our FM puzzled?

We will see Q2 results soon, and let's hope India is what Modi claimed to be, the fastest growing major economy in the world.

Yes agreed.

 

[AyanRay]

In present world economic condition it is not possible. If India achieve 6+ it will be a great achievement. Europe down, Middle east down, Japan down, Far east not in good shape. Please tell me how? what plans India have?

The growth will come from investments. Let me try to explain. Indian companies are sitting on a large cash pool. They have held their money because of decision paralysis during the UPA régime. It took 10 years for getting a environmental clearances. Those projects have started moving again. Road construction per day is now double than that which the UPA had achieved. And due to the crash in global commodity prices, which India mostly imported, there will be a big push in the infrastructure sector.

To put in simple terms, India which grew at 7.5% average during the UPA rule, was supposed to achieve even a higher growth rate. The high rate of growth was achieved despite the decision paralysis of the govt. The present high growth rate is nothing but the result of the unlocking of stalled projects which should have been completed during the UPA rule.