Goldman Sachs downgrades India, says rupee can hit 65 to dollar

[Guynextdoor2]

A strong currency shows a healthy economy - and the other way round. Pre '65 War and again pre '71 War, Pak/Rs was far stringer than the I/Re. It is to be researched if these wars were incited by quarters who desired to rein in Pakistan's growth.

No it doesn't

 

[Truth Finder]

The fact that the Rupee is still falling means that their isn't much FDI inflows to India and that the trade deficit is still a big problem. And India's currency has been falling for more than 2 years now when are we going to start to see the pick up in production ? The rate of industrial production in India is very shaky and in the last month it has even fallen.

India Industrial Production | Actual Data | Forecasts | Calendar

India Foreign Direct Investment | Actual Data | Forecasts | Calendar

India Balance of Trade | Actual Value | Historical Data | Forecast

India External Debt | Actual Value | Historical Data | Forecast

India Current Account to GDP | Actual Data | Forecasts | Calendar

What makes you think that India with huge works to be done in developmental fields will stop developing???
This is the basic fundamental of economics. If even GoI sits idle, India is bound to grow and grow fast.

 

[asad71]

little weird .. when rupee depreciated to RS 65 against 1 USD (from RS 56 probably), taka appreciated to Taka 77 against 1 USD (from around Taka 82).

Taka will soon reach 50 to a Dollar. But we need to control graft. And I/Re is slated to reach 100 to a Dollar. Their graft level is mega. It can only increase. And the economy is in mess although GOI and local as well foreign MNCs with media controlled by them make this out to be otherwise.

 

[Truth Finder]

Taka will soon reach 50 to a Dollar. But we need to control graft. And I/Re is slated to reach 100 to a Dollar. Their graft level is mega. It can only increase. And the economy is in mess although GOI and local as well foreign MNCs with media controlled by them make this out to be otherwise.

Truly, a professional.

 

[Snowden]

It's incredible how ignorant Indian members are about things. No wonder their economy is falling apart with such ignorance. Indians are far too jingoistic to ever be able to surpass us. Their jingoism blinds them from their shortfalls. This means their problems never get tribally solved, only temporarily papered over.

 

[Hellraiser007]

f

Most of Indian cheerleaders have stop cheering for India. India manufacturing turn around has been talked about for over 10 years now and its still in the talking phase. No one will believe anything anyone brag about India until its a reality.

But pathetic Chinese cheer leaders of other nationalities are on to this thread comparing Chinese shadow stats and credit crunch with India.
No problem for our economy, with out exporting much we have grown in the past decade, now we are into manufacturing sector .....

Your data is outdated and you are full of it.

IMF April 2013 update: World Economic Outlook Database April 2013

What out dated data, your are quoting wrong facts even with updated stats. Oh ... stop your nonsense here.

 

[Speeder 2]

The real growth of GDP must be accompanied by the natural & real appreciation of the underlying currency to make a healthy sense. The newest textbook example is China/Yuan.

Otherwise, the “growth” of GDP is a scam, a trap. A textbook example is India/Rupee.

The reason for that is simple:

When a country, such as China, grows healthily, it produces better quality AND more quantity goods/services are so hughly competitive in the international market that others fight to import. Hence it exports more and better goods/services, under the mechanism its currency becomes intrinsically stronger. As a country it likely will become a creditor and as an individual an average Joes becomes richer. This is the natural healthy growth process of how Britain, USA, Japan, Germany and more recently China etc did it. This is how Western Europe and “Asian Tigers” did it. The hallmark of each of these success stories has been a naturally strong currency. At their height, Pound, USD, Yen, D-Mark and increasingly Yuan were/are so strong that have been taken as major reserve currencies around the world.

On the other hand, it’s rather easy to identity scammers such as India. Ask yourself who the heck wants Rupee?

The main reason is that India produces goods/services which quality are so low that few countries are interested in – basically it produces sh!t. Hence it tries to export mainly sh!t, and of course basic raw materials fresh out of the earth.

“High” GDP growth on paper is easy for India, because it fcukes like crazy having one of the highest birth rates on earth, hence to feed runaway population growth india will grow more rice, which was invented by the Chinese btw and passed on to India through SE Asia, and it will grow more tea – again invented by the Chinese and passed on to India thru SE Asia together with its mandarin pronunciation “Cha”, and it will do more fishing using ancient “spider-net”– a simple tool invented by the ancient Chinese and passed on to India thru AS Asia (yes, Indians’IQ were and still are not even sufficient enough to create their own humble daily fishnet...and they want to go to mars, oke, that's another story)… all these help a high GDP growth on paper… but the low quality process is undesirable.

That’s why despite a look-good GDP growth on paper, in total contrary to China, India has both double account deficits, apart from double digit inflation on virtually all levels. That’s why there is no hope for the forseeable future and its collapsed economy is acutely and fairly reflected through its collapsed currency – Rupee in the int’l market. Singing "China doom"all you want, but it can;t hide the truth of Chinese Yuan FOREX rated in internatinal mkt for the last 2 decades - the true strengh of Chinese economy when asking people put money where their mouths are. That’s real reason why as a GDP growth India is a scam, as a country India is royally fcuked, and as people Indians are THE single largest hungry group on the face of earth which leaves the most hungry ones of Sub-Saraha Africa in remotely second position - all facts! Now tell me about mars...?

 

[East Asia United]

What makes you think that India with huge works to be done in developmental fields will stop developing???
This is the basic fundamental of economics. If even GoI sits idle, India is bound to grow and grow fast.

Yea, because the natural lifestyle of Indians is fast growth no matter what.

Wait... actually... not it isn't.

Hindu rate of growth - Wikipedia, the free encyclopedia

Basically, the natural growth rate of India is around the same as that of developed economies. What you have been experiencing since the 1990's is an aberration. For all of India's modern history, up until the 90's, you have been growing incredibly slowly.

I know know, I am a Chinese Pakistani European American, and you are a White man, but let's get over that.

This is the normal India:

GDP per capita as a % of US GDP per capita.

 

[East Asia United]

The real growth of GDP must be accompanied by the natural & real appreciation of the underlying currency to make a healthy sense. The newest textbook example is China/Yuan.

Otherwise, the “growth” of GDP is a scam, a trap. A textbook example is India/Rupee.

The reason for that is simple:

When a country, such as China, grows healthily, it produces better quality AND more quantity goods/services are so hughly competitive in the international market that others fight to import. Hence it exports more and better goods/services, under the mechanism its currency becomes intrinsically stronger. As a country it likely will become a creditor and as an individual an average Joes becomes richer. This is the natural healthy growth process of how Britain, USA, Japan, Germany and more recently China etc did it. This is how Western Europe and “Asian Tigers” did it. The hallmark of each of these success stories has been a naturally strong currency. At their height, Pound, USD, Yen, D-Mark and increasingly Yuan were/are so strong that have been taken as major reserve currencies around the world.

On the other hand, it’s rather easy to identity scammers such as India. Ask yourself who the heck wants Rupee?

The main reason is that India produces goods/services which quality are so low that few countries are interested in – basically it produces sh!t. Hence it tries to export mainly sh!t, and of course basic raw materials fresh out of the earth.

“High” GDP growth on paper is easy for India, because it fcukes like crazy having one of the highest birth rates on earth, hence to feed runaway population growth india will grow more rice, which was invented by the Chinese btw and passed on to India through SE Asia, and it will grow more tea – again invented by the Chinese and passed on to India thru SE Asia together with its mandarin pronunciation “Cha”, and it will do more fishing using ancient “spider-net”– a simple tool invented by the ancient Chinese and passed on to India thru AS Asia (yes, Indians’IQ were and still are not even sufficient enough to create their own humble daily fishnet...and they want to go to mars, oke, that's another story)… all these help a high GDP growth on paper… but the low quality process is undesirable.

That’s why despite a look-good GDP growth on paper, in total contrary to China, India has both double account deficits, apart from double digit inflation on virtually all levels. That’s why there is no hope for the forseeable future and its collapsed economy is acutely and fairly reflected through its collapsed currency – Rupee in the int’l market. Singing "China doom"all you want, but it can;t hide the truth of Chinese Yuan FOREX rated in internatinal mkt for the last 2 decades - the true strengh of Chinese economy when asking people put money where their mouths are. That’s real reason why as a GDP growth India is a scam, as a country India is royally fcuked, and as people Indians are THE single largest hungry group on the face of earth which leaves the most hungry ones of Sub-Saraha Africa in remotely second position - all facts! Now tell me about mars...?

Actually they will be on the Moon first. We should expect this by 2020.

What's that? They have not even made it to space? No worries. I suspect India's first manned space flight can happen in about 5 years, maybe 2018. 2 years after they will be landing on the Moon.

I suspect that 5 years after that Indian astronauts will be landing on Mars, and who knows? By 2030 India could be landing on the Sun.

 

[faithfulguy]

Wrong. Focus started from 2011 onward.



Ignorance is strength nowadays.

In 2 years, it would be 2013 onward. Its a moving beginning.

But pathetic Chinese cheer leaders of other nationalities are on to this thread comparing Chinese shadow stats and credit crunch with India.
No problem for our economy, with out exporting much we have grown in the past decade, now we are into manufacturing sector .....



What out dated data, your are quoting wrong facts even with updated stats. Oh ... stop your nonsense here.

And your are Gordon Chang?

 

[fast]

USD to Rupee in the last ten years.

2004 -> 1 dollar = Rs 44.00

2005 -> 1 dollar = Rs 46.11

2006 -> 1 dollar = Rs 44.49

2007 -> 1 dollar = Rs 39.33

2008 -> 1 dollar = Rs 49.82

2009 -> 1 dollar = Rs 46.29

2010 -> 1 dollar = Rs 45.09

2011 -> 1 dollar = Rs 51.10

2012 -> 1 dollar = Rs 54.47

2013 -> 1 dollar = Rs 60.90 (as of today)

 

[Snowden]

USD to Rupee in the last ten years.

2004 -> 1 dollar = Rs 44.00

2005 -> 1 dollar = Rs 46.11

2006 -> 1 dollar = Rs 44.49

2007 -> 1 dollar = Rs 39.33

2008 -> 1 dollar = Rs 49.82

2009 -> 1 dollar = Rs 46.29

2010 -> 1 dollar = Rs 45.09

2011 -> 1 dollar = Rs 51.10

2012 -> 1 dollar = Rs 54.47

2013 -> 1 dollar = Rs 60.90 (as of today)

That's a sign of an economy that is not doing well. Growing economies don't experience collapsing currencies. Indian economy is in tatters.

 

[gslv mk3]

Actually they will be on the Moon first. We should expect this by 2020.

What's that? They have not even made it to space? No worries. I suspect India's first manned space flight can happen in about 5 years, maybe 2018. 2 years after they will be landing on the Moon.

I suspect that 5 years after that Indian astronauts will be landing on Mars, and who knows? By 2030 India could be landing on the Sun.

Yes we do have a manned Space progfram under development.Pathetic troll,do Pakistan oops South Korea have an SLV??
NO??

 

[Hellraiser007]

Actually they will be on the Moon first. We should expect this by 2020.

What's that? They have not even made it to space? No worries. I suspect India's first manned space flight can happen in about 5 years, maybe 2018. 2 years after they will be landing on the Moon.

I suspect that 5 years after that Indian astronauts will be landing on Mars, and who knows? By 2030 India could be landing on the Sun.

Why not you jump to moon with some explosive jacket or some pole?

Go and worship your moon god with another name , to make your mission a success

 

[TopCat]

The real growth of GDP must be accompanied by the natural & real appreciation of the underlying currency to make a healthy sense. The newest textbook example is China/Yuan.

Otherwise, the “growth” of GDP is a scam, a trap. A textbook example is India/Rupee.

The reason for that is simple:

When a country, such as China, grows healthily, it produces better quality AND more quantity goods/services are so hughly competitive in the international market that others fight to import. Hence it exports more and better goods/services, under the mechanism its currency becomes intrinsically stronger. As a country it likely will become a creditor and as an individual an average Joes becomes richer. This is the natural healthy growth process of how Britain, USA, Japan, Germany and more recently China etc did it. This is how Western Europe and “Asian Tigers” did it. The hallmark of each of these success stories has been a naturally strong currency. At their height, Pound, USD, Yen, D-Mark and increasingly Yuan were/are so strong that have been taken as major reserve currencies around the world.

On the other hand, it’s rather easy to identity scammers such as India. Ask yourself who the heck wants Rupee?

The main reason is that India produces goods/services which quality are so low that few countries are interested in – basically it produces sh!t. Hence it tries to export mainly sh!t, and of course basic raw materials fresh out of the earth.

“High” GDP growth on paper is easy for India, because it fcukes like crazy having one of the highest birth rates on earth, hence to feed runaway population growth india will grow more rice, which was invented by the Chinese btw and passed on to India through SE Asia, and it will grow more tea – again invented by the Chinese and passed on to India thru SE Asia together with its mandarin pronunciation “Cha”, and it will do more fishing using ancient “spider-net”– a simple tool invented by the ancient Chinese and passed on to India thru AS Asia (yes, Indians’IQ were and still are not even sufficient enough to create their own humble daily fishnet...and they want to go to mars, oke, that's another story)… all these help a high GDP growth on paper… but the low quality process is undesirable.

That’s why despite a look-good GDP growth on paper, in total contrary to China, India has both double account deficits, apart from double digit inflation on virtually all levels. That’s why there is no hope for the forseeable future and its collapsed economy is acutely and fairly reflected through its collapsed currency – Rupee in the int’l market. Singing "China doom"all you want, but it can;t hide the truth of Chinese Yuan FOREX rated in internatinal mkt for the last 2 decades - the true strengh of Chinese economy when asking people put money where their mouths are. That’s real reason why as a GDP growth India is a scam, as a country India is royally fcuked, and as people Indians are THE single largest hungry group on the face of earth which leaves the most hungry ones of Sub-Saraha Africa in remotely second position - all facts! Now tell me about mars...?

Cant be said any better...

Its a treasure my friend.. Thank You.. you just opened my eyes...